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2014/2015  BA-BSEMO1012U  Corporate Finance

English Title
Corporate Finance

Course information

Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Course period Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc in Service Management
Course coordinator
  • Ulf Nielsson - Department of Finance (FI)
Main academic disciplines
  • Finance
Last updated on 02/12/2014
Learning objectives
With Corporate Finance Theory as context the student is expected to be able to:
• Identify, explain, discuss and apply the core concepts, models and methods
• Calculate, interpret and compare financial statistics, prices, returns and costs
• Elaborate, present and discuss solutions for financial decision problems
Course prerequisites
The course is only offered for students in the BSc SEM program
Examination
The exam in the subject consists of two parts:
Corporate Finance 1:
Sub exam weight30%
Examination formHome assignment - written product
Individual or group examIndividual
Size of written productMax. 10 pages
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-step scale
Examiner(s)One internal examiner
Exam periodSpring Term
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

Please note that the Corporate Finance 1 weighs 30% and Corporate Finance 2 weighs 70% in calculating the final grade.
Each partial examination must be graded 00 and above.
A partial examination cannot be re-taken if the weighed average of the two examinations is 02 or above.


Please check e-campus for more information or use this form: (result of Corporate Finance 1 x 0,30) + (result of Corporate Finance 2 x 0,70) = final grade (will be rounded off to the closest grade – if in the middle between to grades, the highest grade will count).

Corporate Finance 2:
Sub exam weight70%
Examination formWritten sit-in exam
Individual or group examIndividual
Assignment typeWritten assignment
Duration2 hours
Grading scale7-step scale
Examiner(s)Internal examiner and second internal examiner
Exam periodSpring Term
Aids allowed to bring to the examLimited aids, see the list below and the exam plan/guidelines for further information:
  • Allowed calculators
Make-up exam/re-exam
Same examination form as the ordinary exam
If the number of registered candidates for the make-up examination/re-take examination warrants that it may most appropriately be held as an oral examination, the programme office will inform the students that the make-up examination/re-take examination will be held as an oral examination instead.
Description of the exam procedure

The written exam takes place on CBS computers, and/or by hand. Graphs and calculations may be hand-written.
Students do not have access to Internet, Learn, or other online services except their personal drive (S). 
Students are not allowed to bring any personal electronic devices, except calculators (and only those without any connection with others).

Course content and structure

The course covers the core aspects of Corporate Finance theory, including capital budgeting, financial instruments, portfolio theory and, capital structure decisions. The course provides a financial background in Finance for a professional career based on the bachelor degree as well as for further academic studies.

Teaching methods
The pedagogical method is a combination of lectures, exercises and an individual home work assignment. A satisfactory high outcome of the exercises requires an active participation with basis in the literature and the lectures. The home work assignment is an integrated part of the learning process and not only a part of the exam.
Student workload
Lectures 42 hours
Exercises 12 hours
Exam 30 hours
Preparation 122 hours
Expected literature

Brealey, Myers and Marcus, Fundamentals of Corporate Finance, 7th edition (or newer), McGraw-Hill, or another well acknowledged Corporate Finance textbook for a first course in Corporate Finance.

Selected readings including articles which will be available on Learn or as in hard copy.

Please note, changes might occur. The final reading list will be uploaded to Learn two weeks before the course starts.

Last updated on 02/12/2014