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Corporate Financial Decision Making (FNCE20005)
Undergraduate level 2Points: 12.5On Campus (Parkville)
About this subject
- Overview
- Eligibility and requirements
- Assessment
- Dates and times
- Further information
- Timetable (login required)(opens in new window)
Contact information
Summer Term
Email: bob.li2@unimelb.edu.au
Semester 1
Email: c.shekhar@unimelb.edu.au
Semester 2
Email: hoonsuk.park@unimelb.edu.au
Overview
Availability | Summer Term Semester 1 Semester 2 |
---|---|
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 (On Campus - Parkville)
Semester 2 (On Campus - Parkville)
Summer Term (On Campus - Parkville)
|
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 |
---|---|---|
Mid-semester test
| Mid semester | 25% |
End-of-semester examination
| During the examination period | 60% |
Tutorial participation – each scheduled tutorial during the entire semester
| Throughout the teaching period | 10% |
Online assessment
| From Week 3 to Week 5 | 5% |
Last updated: 11 April 2024
Dates & times
- Summer Term
Principal coordinator Bob Li Mode of delivery On Campus (Parkville) Contact hours Total time commitment 170 hours Teaching period 2 January 2024 to 11 February 2024 Last self-enrol date 10 January 2024 Census date 12 January 2024 Last date to withdraw without fail 2 February 2024 Assessment period ends 19 February 2024 Summer Term contact information
Email: bob.li2@unimelb.edu.au
- Semester 1
Principal coordinator Chander Shekhar Mode of delivery On Campus (Parkville) Contact hours Total time commitment 170 hours Teaching period 26 February 2024 to 26 May 2024 Last self-enrol date 8 March 2024 Census date 3 April 2024 Last date to withdraw without fail 3 May 2024 Assessment period ends 21 June 2024 Semester 1 contact information
Email: c.shekhar@unimelb.edu.au
- Semester 2
Principal coordinator Hoonsuk Park Mode of delivery On Campus (Parkville) Contact hours Total time commitment 170 hours Teaching period 22 July 2024 to 20 October 2024 Last self-enrol date 2 August 2024 Census date 2 September 2024 Last date to withdraw without fail 20 September 2024 Assessment period ends 15 November 2024 Semester 2 contact information
Email: hoonsuk.park@unimelb.edu.au
Time commitment details
170 hours
What do these dates mean
Visit this webpage to find out about these key dates, including how they impact on:
- Your tuition fees, academic transcript and statements.
- And for Commonwealth Supported students, your:
- Student Learning Entitlement. This applies to all students enrolled in a Commonwealth Supported Place (CSP).
Subjects withdrawn after the census date (including up to the ‘last day to withdraw without fail’) count toward the Student Learning Entitlement.
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 Economics and Finance Breadth Track Fundamentals of Finance and Accounting Breadth Track Ethics and Investing Breadth Track Real Estate and the Australian Dream Breadth Track Your Money or Your Life - 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