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2017/2018  BA-BBLCO1221U  Corporate Finance

English Title
Corporate Finance

Course information
Language English
Course ECTS 7.5 ECTS
Type Mandatory
Level Bachelor
Duration One Quarter
Start time of the course Fourth Quarter
Timetable Course schedule will be posted at calendar.cbs.dk
Study board
Study Board for BSc og MSc in Business, Language and Culture, BSc
Course coordinator
  • Ulf Nielsson - Department of Finance (FI)
Main academic disciplines
  • Finance
Last updated on 05-01-2018

Relevant links
Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • 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
Examination
The exam in the subject consists of two parts:
Corporate Finance 4-hour written exam:
Sub exam weight70%
Examination formWritten sit-in exam on CBS' computers
Individual or group examIndividual exam
Assignment typeWritten assignment
Duration4 hours
Grading scale7-step scale
Examiner(s)Internal examiner and external examiner
Exam periodSummer
AidsLimited aids, see the list below:
The student is allowed to bring
  • USB key for uploading of notes, books and compendiums in a non-executable format (no applications, application fragments, IT tools etc.)
  • Any calculator
  • Books (including translation dictionaries), compendiums and notes in paper format
The student will have access to
  • Access to CBSLearn
  • Access to the personal drive (S-drive) on CBS´ network
At all written sit-in exams the student has access to the basic IT application package (Microsoft Office (minus Excel), digital pen and paper, 7-zip file manager, Adobe Acrobat, Texlive, VLC player, Windows Media Player). PLEASE NOTE: Students are not allowed to communicate with others during the exam : Read more about exam aids and IT application packages here
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.
Corporate Finance home assignment:
Sub exam weight30%
Examination formHome assignment - written product
Individual or group examIndividual exam
Size of written productMax. 5 pages
Assignment typeWritten assignment
Duration48 hours to prepare
Grading scale7-step scale
Examiner(s)One internal examiner
Exam periodSpring
Make-up exam/re-exam
Same examination form as the ordinary exam
Description of the exam procedure

A paper will be set by the teacher which the students have to prepare individually and submit electronically. The same assignment cannot be handed in for the ordinary exam and the re-exam.

The final grade is based on both assessments weighting 30% and 70%. Both parts of the exam must be passed with a minimum grade of 02.
Course content and structure

This is an introductory course in finance focusing on corporate applications in the

international environment. It covers the basic theories of interest rates, valuation of

streams of cash flows, pricing of risk, and it addresses the practical implications for capital

structure, project valuation, financing, and risk management.

More specifically, the course contains a basic introduction to topics such as:

- the main characteristics of corporations,

- the relationship between accounting information and the information analysed in

corporate finance,

- interest rates and the time value of money,

- the valuation of bonds and stocks,

- the investment decision,

- the financing decision including capital structure theory and the cost of capital,

- payout policy,

- international financial management and capital budgeting

- financial and real options

- risk management.
Teaching methods
Lectures
Feedback during the teaching period
Student feedback will occur regularly throughout the course, e.g. via exercise classes, office hours and in-class problem solving. Students are encouraged to make use of those to enhance their learning experience, of course in addition to regular participation and two-way communication in lectures. The lecturer will also strive to be readily available for a one-to-one dialogue in both lecture breaks and following each lecture session.
Student workload
Lectures 42 hours
Exercises 14 hours
Examination 52 hours
Preparation 98 hours
Total 206 hours
Expected literature

To be announced on Learn
Last updated on 05-01-2018