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  3. Corporate Financial Policy

Corporate Financial Policy (FNCE90018)

Graduate courseworkPoints: 12.5On Campus (Parkville)

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Overview

Year of offer2017
Subject levelGraduate coursework
Subject codeFNCE90018
Campus
Parkville
Availability
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

This subject extends the analysis of capital budgeting, capital structure, dividend policy and corporate risk management provided in 333-641 Financial Management or 333-692 Financial Decision Making. Topics include the effect of the dividend imputation system of taxation on dividend policy, capital structure and capital budgeting; a comprehensive analysis of corporate structure and capital budgeting; a comprehensive analysis of corporate acquisitions and restructuring; a detailed examination of alternative funding mechanisms including leases; and a discussion of current issues in Australia corporate finance.

Intended learning outcomes

On successful completion of this subject students should be able to:

  • Recognise the issues pertinent to a firm in making decisions about dividend policy;
  • Analyse leasing as a funding alternative;
  • Explain the funding alternatives available to firms;
  • Discuss the impact of taxes, bankruptcy costs, agency costs and information asymmetries upon the funding decision;
  • Apply complex techniques to capital budgeting decisions in order to account for projects with different lives;
  • Evaluate the economic consequences of takeover activity.

Generic skills

On successful completion of this subject, students should have improved the following generic skills:

  • Oral communication
  • Written communication
  • Collaborative learning
  • Problem solving
  • Team work
  • Statistical reasoning
  • Application of theory to practice
  • Interpretation and analysis
  • Critical thinking
  • Synthesis of data and other information
  • Evaluation of data and other information
  • Using computer software
  • Accessing data and other information from a range of sources

Last updated: 16 August 2017