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2016/2017  BA-BHAAI1028U  Undergraduate Corporate Finance

English Title
Undergraduate Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Elective
Level Bachelor
Duration Summer
Start time of the course Summer
Timetable Course schedule will be posted at calendar.cbs.dk
Max. participants 120
Study board
Study Board for BSc in Economics and Business Administration
Course coordinator
  • Course instructor - Michael Nugent, Lecturer & Graduate Director of Masters of Finance, Stony Brook University, mn.acc@cbs.dk
    Sven Bislev - Department of Management, Society and Communication (MSC)
In case of any academic questions related to the course, please contact the course instructor or the academic director, Sven Bislev at sb.ikl@cbs.dk
Main academic disciplines
  • Corporate governance
  • Finance
  • Globalization and international business
Last updated on 29/05/2017
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • Explain and describe the role, functions, and objectives of the financial manager.
  • Understand how financial managers create shareholder wealth maximization and manage risk and return.
  • Demonstrate an ability to analyze financial statements using ratio analysis.
  • Describe and explain the financial concepts relating to: financial planing, capital budgeting, cash flows, and capital structure.
  • Understanding the Valuation process for Bonds and Stocks
  • Develop the ability to solve problems related to: time value of money, security valuation, risk and return, capital budgeting, cost of capital, financial planning and capital structure.
Course prerequisites
None
Examination
Undergraduate Corporate Finance:
Exam ECTS 7.5
Examination form Written sit-in exam
Individual or group exam Individual exam
Assignment type Written assignment
Duration 4 hours
Grading scale 7-step scale
Examiner(s) One internal examiner
Exam period Summer, Ordinary exam: End of July - beginning of August 2017.

Retake exam: End of September - beginning of October 2017.

3rd attempt (2nd retake) exam: End November - beginning of December 2017.

Exam schedule is available on http://www.cbs.dk/summer http:/​/​www.cbs.dk/​uddannelse/​summer-university-programme/​exam.
Aids allowed to bring to the exam Closed book: no aids
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.
4 hour written sit-in exam, new exam question.

Exam form for 3rd attempt (2nd retake): 72 hours home project assignment, max. 10 pages.
Course content and structure

The Focus of this course is on understanding how firms meet and manage their financial objectives. Todays financial environment, the fundamental trade-off between risk and return, the time value of money, and valuing future cash flows will be discussed. Explanation of financial tools and techniques, which can be used to help firms maximize value by improving, decisions relating to capital.

 

Class 1: Role of the Financial Manager & Review of Preliminary
Assignment

Class 2: Financial Statements and Ratio Analysis

Class 3:Cash Flow and Financial Planning

Class 4:Time Value of Money

Class 5: Risk and Return

Class 6: Bond Valuation

feedback activity: Quiz & Survey

Class 7: Stock Valuation

Class 8: Cost of Capital

Class 9: Capital Budgeting Techniques

Class 10: Capital Budgeting Cash Flows

Class 11: Estimating Cash Flow
Teaching methods
The instructional format will include: Tests, lecture notes, in class examples and worksheets, computer simulation and articles from financial press, which will form the basis for of the class discussions.
Student workload
Preliminary assignment 10 hours
Classroom attendance 33 hours
Preparation 144 hours
Feedback activity 7 hours
Examination 12 hours
Further Information

Preliminary Assignment: To help students get maximum value from ISUP courses, instructors provide a reading or a small number of readings or video clips to be read or viewed before the start of classes with a related task scheduled for class 1 in order to 'jump-start' the learning process.

 

Feedback Activity: A feedback activity defined by the course instructor will take place approx. half-way through the course.

 

Course timetable is available on http://www.cbs.dk/uddannelse/summer-university-programme/courses.
Expected literature

Lawrence J. Gitman, and Chad J. Zutter. (2014). Principles of Managerial Finance. Global Edition: 14th Edition. Pearson.
Last updated on 29/05/2017