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2012/2013  KAN-CM_SU84  Graduate Corporate Finance

English Title
Graduate Corporate Finance

Course information
Language English
Exam ECTS 7.5 ECTS
Type Elective
Level Full Degree Master
Duration Summer
Course period Summer
NOTE: The course schedule is at the moment ONLY available at www.cbs.dk/summer
Time Table Please see course schedule at e-Campus
Study board
Study Board for MSc in Economics and Business Administration
Course coordinator
  • Faculty - Daniel J. Borgia, Nottingham University Business School
    Patricia Plackett - Department of Operations Management
Main Category of the Course
  • Finance
Last updated on 12-06-2012
Learning objectives
Students should be able to:
  • assess the financial health and direction of a firm and to formulate strategies for maintaining financial strengths and addressing financial weaknesses
  • learn to utilize advanced time value of money mathematics to make multi-period investment and financing decisions
  • understand the importance and techniques for managing cash flow for making strategic working capital and short-term financial management decisions
  • use statistical analysis to measure, quantify risk and return in uncertain economic environments in order to make efficient risk adjusted profit maximizing management decisions
  • understand the application of time value of money to security analysis and asset pricing
  • understand how to forecasting cash flows and how to utilize capital budgeting decision techniques to make capital investment
Prerequisite
Financial Accounting, Economics, Statistics. All prerequisites are strongly recommended.
Examination
Graduate Corporate Finance
4-hour written exam:
Type of test Written Exam
Marking scale 7-step scale
Second examiner No second examiner
Exam period Summer Term
Aids Open Book, Written Aid is permitted
Duration 4 Hours
The comprehensive final exam will consist of a 4 hour written exam (open book and open notes) that will consist of 6 comprehensive essay problems/question drawn from the assigned readings and discussions during the term.  Students must select and provide complete answers/solutions, showing all work, for four of the six questions. Students can use Microsoft Excel and/or a financial calculator during the exam subject to the approval of CBS.  The exam will be evaluated by the instructor alone.

Students are permitted to use open book and open notes. In addition, students are permitted to use any type of financial calculator as long as it is not Internet capable.  Student will be taking computer-based exams on CBS computers and are permitted to use the standard Microsoft Office software available on the PCs. However, students are not permitted to use the Internet or any type of mobile device during the examination period.
Course content
Graduate Corporate Financial Management is a core component of most international AACSB-accredited MBA programs and MSc Finance programs.  It involves an analysis of financial decisions in the business enterprise and examines the interface of the firm with capital markets.  Although we will touch on many different aspects of the broad field of finance, our approach mainly will be from the perspective of a financial manager of a corporation.  This course will focus on the advanced aspects of strategic investment and financing decisions, tactical financing decisions, working capital management, international finance, and other special financial management topics. This course is distinguished from a fundamentals course in that coverage is substantially more in-depth and comprehensive, incorporates more theory, and covers a greater breadth of topics as well as selected readings from articles in top academic journals in finance.  Although our focus will be on practice, we often will examine the nature and development of the theory that underlies various financial models.
 
The course’s development of personal competencies:
Where possible, the course will employ collaborative case teaching methodology both to stimulate learning and the development of collaboration skills as well as to maximize the course learning outcomes.  Collaboration and discussion has been proven to deepen understanding and stimulate interest
Teaching methods
We will discuss the basic insights of corporate finance theory, but emphasize the application of theory to real business decisions. All class sessions will begin with some period of lecture followed by significant team based discussions using the case study method. Because of the reliance on interactive discussions, student participation is critical to the success of the course. Students are expected to read all cases, come to class, and participate in class discussion.
Expected literature
Required course readings and literature:
The required textbook for this course is Corporate Finance, 9th Edition, authored by Stephen A. Ross, Randolph W. Westerfield, and Jeffrey F. Jaffe, 2010 Publisher: McGraw-Hill Higher Education; (US-market restricted edition as well as European edition isbn 9780077121150). 
The textbook also includes chapter mini cases that will be used to drive in class group discussions of the material.  The course also will be supplemented with cases and  selected articles from publications such as the Wall Street Journal, The Economist, and articles from leading academic journals in the field of finance to facilitate and drive discussion of relevant current events
Last updated on 12-06-2012