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2018/2019  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, Michael.Nugent@stonybrook.edu
    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 ISUP academic director, Sven Bislev at sb.msc@cbs.dk
Main academic disciplines
  • Finance
Teaching methods
  • Face-to-face teaching
Last updated on 05/12/2018

Relevant links

Learning objectives
To achieve the grade 12, students should meet the following learning objectives with no or only minor mistakes or errors:
  • 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
  • Demonstrate 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 on CBS' computers
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: 4 hour written exam in the period of 30 July - 2 August 2019
Retake exam: 4 hour written exams in the period of 1-7 October 2019
3rd attempt (2nd retake) exam: 72-hour home assignment- 25-28 November 2019 – for all ISUP courses simultaneously

Exam schedules available on https:/​/​www.cbs.dk/​uddannelse/​international-summer-university-programme-isup/​courses-and-exams
Aids Limited aids, see the list below:
The student is allowed to bring
  • Any calculator
  • Language dictionaries in paper format
The student will have access to
  • Advanced IT application package
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.
Retake exam: 4 hour written sit-in exam, new exam question
Exam form for 3rd attempt (2nd retake): 72-hour 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, stock and bond valuation, 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.

 

Preliminary assignment: Financial Simulation & Excel Project

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: Course Survey & Assessment Quiz (zero points value)

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

Description of the teaching methods
The instructional format will include: Lecture notes, in class problem examples and worksheets. Current articles from financial press, which will form the basis for of the class discussions.
Feedback during the teaching period
Feedback activity: Course Survey & Assessment Quiz (zero points value) based on chapters 1-5, including review of assessment quiz.
Student workload
Preliminary assignment 20 hours
Classroom attendance 33 hours
Preparation 126 hours
Feedback activity 7 hours
Examination 20 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.

 

Course timetable is available on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams

 

We reserve the right to cancel the course if we do not get enough applications. This will be communicated on https://www.cbs.dk/uddannelse/international-summer-university-programme-isup/courses-and-exams end February 2019 at the latest.

 

Expected literature

Mandatory readings:

 

Principles of Managerial Finance, Global Edition, 15/E
Chapter 1-11

Last updated on 05/12/2018