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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 offer2018
Subject levelGraduate coursework
Subject codeFNCE90018
Campus
Parkville
Availability
Semester 1
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

This subject provides an extended analysis of capital budgeting, capital structure, dividend policy and corporate risk management. 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 June 2018