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Corporate Financial Decision Making (FNCE20005)
Undergraduate level 2Points: 12.5Dual-Delivery (Parkville) and Online
From 2023 most subjects will be taught on campus only with flexible options limited to a select number of postgraduate programs and individual subjects.
To learn more, visit COVID-19 course and subject delivery.
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable(opens in new window)
Contact information
Summer Term
Hoonsuk Park: hoonsuk.park@unimelb.edu.au
Semester 1
Chander Shekhar: c.shekhar@unimelb.edu.au
Semester 2
Hoonsuk Park: hoonsuk.park@unimelb.edu.au
Overview
Availability | Summer Term - Online Semester 1 - Dual-Delivery Semester 2 - Dual-Delivery |
---|---|
Fees | Look up fees |
This subject examines capital budgeting techniques, the capital structure decision, the distribution decision and corporate risk management at a more advanced level to that covered in FNCE10002 Principles of Finance. Topics include: the Modigliani-Miller theorems, the impact of taxes under a classical tax system, the impact of taxes under an imputation tax system, corporate acquisitions and restructuring, hybrid securities as a source of finance, techniques in raising capital.
Intended learning outcomes
On successful completion of this subject students should be able to:
- Explain the different techniques used by firms to raise equity and debt capital.
- Apply alternative capital budgeting techniques in the presence of taxes and differing project lives.
- Discuss the impact of market imperfections on a firm’s capital structure decision.
- Discuss the impact of market imperfections on a firm’s distribution decision.
- Evaluate the advantages and disadvantages of hybrid securities as a source of finance.
- Assess the economic consequences of corporate acquisition and restructuring activities.
- Explain the option-theoretic interpretation of debt and equity.
Generic skills
On successful completion of this subject, students should have improved the following generic skills:
- High level of development: oral communication; written communication; problem solving; interpretation and analysis; evaluation of data and other information.
- Moderate level of development: collaborative learning; statistical reasoning; application of theory to practice; synthesis of data and other information; accessing data and other information from a range of sources.
- Some level of development: critical thinking; use of computer software.
Last updated: 11 April 2024
Eligibility and requirements
Prerequisites
Code | Name | Teaching period | Credit Points |
---|---|---|---|
FNCE10002 | Principles of Finance |
Semester 1 (Dual-Delivery - Parkville)
Semester 2 (Dual-Delivery - Parkville)
Summer Term (Online)
|
12.5 |
Corequisites
None
Non-allowed subjects
FNCE30002 Corporate Finance
Inherent requirements (core participation requirements)
The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.
Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home
Last updated: 11 April 2024
Assessment
Description | Timing | Percentage |
---|---|---|
Individual homework assignment
| During the teaching period | 15% |
Mid-semester test
| Mid semester | 25% |
End-of-semester examination
| During the examination period | 60% |
Last updated: 11 April 2024
Dates & times
- Summer Term - Online
Principal coordinator Hoonsuk Park Mode of delivery Online Contact hours Three 2-hour lectures and three 1-hour tutorials per week Total time commitment 170 hours Teaching period 4 January 2022 to 13 February 2022 Last self-enrol date 11 January 2022 Census date 21 January 2022 Last date to withdraw without fail 4 February 2022 Assessment period ends 21 February 2022 Summer Term contact information
Hoonsuk Park: hoonsuk.park@unimelb.edu.au
- Semester 1 - Dual-Delivery
Principal coordinator Chander Shekhar Mode of delivery Dual-Delivery (Parkville) Contact hours One 2-hour lecture and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 28 February 2022 to 29 May 2022 Last self-enrol date 11 March 2022 Census date 31 March 2022 Last date to withdraw without fail 6 May 2022 Assessment period ends 24 June 2022 Semester 1 contact information
Chander Shekhar: c.shekhar@unimelb.edu.au
- Semester 2 - Dual-Delivery
Principal coordinator Hoonsuk Park Mode of delivery Dual-Delivery (Parkville) Contact hours One 2-hour lecture and one 1-hour tutorial per week Total time commitment 170 hours Teaching period 25 July 2022 to 23 October 2022 Last self-enrol date 5 August 2022 Census date 31 August 2022 Last date to withdraw without fail 23 September 2022 Assessment period ends 18 November 2022 Semester 2 contact information
Hoonsuk Park: hoonsuk.park@unimelb.edu.au
Time commitment details
170 hours
Last updated: 11 April 2024
Further information
- Texts
Prescribed texts
There are no specifically prescribed or recommended texts for this subject.
- Related Handbook entries
This subject contributes to the following:
Type Name Breadth Track Fundamentals of Finance and Accounting Breadth Track Your Money or Your Life Breadth Track Economics and Finance Breadth Track Ethics and Investing Breadth Track Real Estate and the Australian Dream - Breadth options
This subject is available as breadth in the following courses:
- Bachelor of Arts
- Bachelor of Biomedicine
- Bachelor of Design
- Bachelor of Environments
- Bachelor of Fine Arts (Acting)
- Bachelor of Fine Arts (Animation)
- Bachelor of Fine Arts (Dance)
- Bachelor of Fine Arts (Film and Television)
- Bachelor of Fine Arts (Music Theatre)
- Bachelor of Fine Arts (Production)
- Bachelor of Fine Arts (Screenwriting)
- Bachelor of Fine Arts (Theatre)
- Bachelor of Fine Arts (Visual Art)
- Bachelor of Music
- Bachelor of Science
- Available through the Community Access Program
About the Community Access Program (CAP)
This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.
Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.
- Available to Study Abroad and/or Study Exchange Students
This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.
Last updated: 11 April 2024