FIN201 CORPORATE FINANCE

T3 2021

FIN201 CORPORATE FINANCE

T3 2021

Unit Guide

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T3 2021

About Corporate Finance

Contacts
Below is a list of contacts for this unit. Please liaise directly with your unit instructor
regarding appropriate consultation times. It is usually best to make contact with the staff
via email.

Dr Tu Thi Kim Thoa

Dr. Vo Hong Duc
Unit Coordinator &
Email:
Lecturer
Phone: tkthoa@ueh.edu.vn
duc.vo@isb.edu.vn
Miss Tuyen Nguyen
41-43 Vo Van Tan Street, District 3, HCMC
Student Advisor
Email:
Phone: 028 3930 5292
tuyen.nguyen@isb.edu.vn

Unit overview
This unit introduces students to the theoretical basis and analytical framework for corporate
financial decision making. It is concerned with both the investment decision of firms and
the determination of the financing mix necessary to achieve a firm’s financial objectives.
Investment decisions determine a firm’s size, its operating profits, its business risk and its
liquidity. Financing decisions affect a firm’s financing costs and its fin ancial risk. These
two decisions, combined with the dividend decision, comprise the essential financial
decisions which firms must make.

Pre-requisites
None

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Assessment information
Learning outcomes
Learning outcomes for the unit are outlined below. Upon completion of this unit, students
will be able to:
1. Be familiar with the basic financial decision making and valuation concepts.
Understand and solve problems involving financial mathematics so as to be able to use
2.
appropriate tools to assist in managing an organization.
3. Be able to evaluate different types of securities.
4. Have developed critical skills in analysing capital budgeting projects.
Be able to evaluate a corporate's financial position and capital and project investment
5.
strategy for the future to maximize the Present Value of the Firm.
Understand the relationship between risk and return, and be able to estimate the cost of
6.
capital using alternative and appropriate methods.
7. Understand the firm’s capital structure, relevant theory and its limitations.
8. Have developed oral presentation skills.
9. Be able to select subsequent finance courses.

Assessment summary
ASSESSMENT LEARNING VALUE
ASSESSMENT ITEM AND DUE DATE
NUMBER OUTCOMES (/100)

1. Class participation and discussion (Individual) 1-9 5%

2. 72-hour Take-home exercises (5 exercises, Group) 1-9 20%

3. Online Post-lecture quizzes (Individual, Weekly) 1-7 and 9 25%

Written analysis and presentation (Groups)

4. 2-8 20%
Due: As described in the Schedule of Activities below
Final exam (Individual)
5. 1-7 30%
Due: TBA

Final marks and grades are subject to confirmation by the School Assessment Committees
which may scale, modify or otherwise amend the marks and grades for the unit, as may be
required by the University’s policies.
Note: To successfully complete this unit, students must:
▪ Achieve a minimum of 50 marks;
▪ Complete all assessment items; and

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▪ Attend 80 per cent of class time. See attendance requirements in the section of class
policies and rules below.

Assessment 1: Class participation & discussion (5%)

Due: Ongoing throughout the duration of the course.

Details
Class attendance and participation includes coming to class prepared and on time, taking
part in class discussions (this involves listening/reading as well as writing/speaking and
completing all in-class activities), asking questions, contributing your knowledge and
insights in whatever form is appropriate, and striving to make all your contributions
excellent. It also includes doing quick quizzes and the required reading and writi ng for each
class.

Attendance is checked by the lecturer. You are permitted no more than 20% absences
during the term. Coming late by 15 minutes at the beginning of the class, coming late by 5
minutes after the break, or leaving prior to the scheduled end time without the permission
of the lecturer will equate to an absence.

Assessment 2: 72-Hour Take-home Exercises (20%)

Due: Ongoing throughout the duration of the course, from Week 2 to Week 11 inclusive.

Details
A major question is delivered to students after relevant lecture. Students are allocated into
groups. Evidence of group’s meeting is enclosed at the end of the submission. Each student’
contributions to the completion of the group questions will be assessed by other team
members and mentioned in the group’s submissions. The groups will have up to 72 hours,
after the lecture, to complete the exercises and submit them to the system.

Assessment 3: Post-class Online Quizzes (25%)

Due: Set online for each quiz after the lecture.

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Details
The post-class online quizzes will be in the form of 10 multiple-choice questions and basis
reasoning questions which are uploaded on Elearning with specified due dates. The online
quizzes are compulsory and must be fully completed. If missing any quiz can be considered
not-completed, that may result in failure of the course.

Assessment 4: Written analysis and presentation (20%)

Due: TBA.

Details
Groups of 4 or 5 students will be assigned by lecturers and each group will be assigned with
specific topic for analysis and presentation. Each group will organize and record the
presentation on their own. The oral presentation will be recorded and uploaded in the
Youtube while the written report with the link of the video is submitted on Elearning by the
set due date.

Marking criteria and standards

Groups of 4 or 5 will be initially assessed with the same mark (subject to peer evaluation).
Fair allocation of work is to be managed by team members. Each team member should make
oral presentation assisted by PowerPoint where appropriate. Key assumptions need to be
clearly stated in the use of analytical frameworks and financial models/formulae.

Assessment 5: Final exam (Individual) (30%)

Due: TBA
Length: 2 hours

Details
Analytical Calculations & Written Answers based on Required Readings, Lectures, and Case
Studies covered in relevant chapters. The final exam will test on Learning Outcomes 6 -9
and Chapters 10, 11, 13, 16, 17, 21, 26, and 28 of Ross, Westerfield & Jaffe, 11th Edition.

Marking criteria and standards

Based on logic, accuracy, correctness, and comprehensiveness of answers.

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General submission requirements

Assignment cover sheet
All assignments are to be submitted with an Assignment Cover Sheet. Group assignments are
to be submitted with a Group Assignment Cover Sheet as well as a Peer Evaluation Form.
Non-contributing team members can sometimes be an issue with group -work structured
assessment. Individual student group work scores may be adjusted as a result of peer
dissatisfaction with a particular student’s contribution to group work assignments, as
reflected in submissions of the evaluation form.
Note: Assignment cover sheets and the evaluation form can be located on E -learning
system (http://elearning.isb.edu.vn/). Students are to keep a copy of all assignments
submitted for marking.

Submission style and method

A professional standard of presentation is expected for all assignments. Assignments
should be typed, one and a half spaced, on A4 paper. Use a simple clear format, suitable
for a report to senior management in a commercial organisation.
All assignments are required to be submitted electronically via E -learning system
(http://elearning.isb.edu.vn/) and lecturer’s email by 11:55 PM on the due date and if
required, in hard copies to the unit coordinator by the due date. The title of assignment
submitted via E-learning system shall be as follows: Student name_Unitname_Name of
Assignment.

Late assignment and make-up policy

Coursework and assignments are expected to be completed within the stated time frame. No
late assignments will be accepted unless prior authorisation granted by the coordinator. In
case such an authorisation is not granted, grade deduction will be applied. The coordinator
may decide not to accept assignments that are not submitted within 3 days after the
assignment due date. However, if there are extenuating or unforeseen circumstances, an
exception may be granted at the discretion of the unit coordinator and based on a Special
Consideration Application for assessment task extension.

All quizzes, the mid-term test, and final exam must be taken on the assigned dates. If there
are extenuating or unforeseen circumstances, the unit coordinator must be contacted prior
to the quiz or exam dates to authorize a make-up if required. No make-up quiz or exam will

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be accepted unless a prior approval granted by the unit coordinator based on a Special
Consideration Application for a supplementary examination.

Teaching activities
Schedule of activities
SESSION LECTURES TUTORIALS READINGS
Course overview Chapter 1, Ross,
Introduction to the unit Discussion on assessment, Westerfield, &
1
An Overview of Corp. Finance expectation, and deadlines Jaffe, 11 th Edition
Group formation & ice breaking
▪ Chapters 2 Ross,
Financial Statements and Cash ▪ Recommended problems: Westerfield, &
2
Flow 2.3,5,6,9,11,13,14,18,20 Jaffe, 11 th Edition
▪
▪ Chapters 3 Ross,
▪ Recommended problems: Westerfield, &
3 Financial Statements Analysis
3,4,5,7,8,9,13,19,20 Jaffe, 11 th Edition
▪
▪ Chapters 4, Ross,
▪ Recommended problems: Westerfield, &
4 Discounted Cash Flow Valuation
7,8,9,10,12,13,18,23,25,36,45,48 Jaffe, 11 th Edition
▪
▪ Chapter 6, Ross,
Making Capital Investment ▪ Recommended problems: Westerfield, &
5
Decisions ▪ 1,2,3,6,7,8,9,11,20,23 Jaffe, 11 th Edition
▪
▪ Chapters 8, Ross,
▪ Recommended problems:
Interest Rates and Bond Westerfield, &
1,2,3,5,6,8,9,10,17,18,28
Valuation Jaffe, 11 th Edition
6 ▪
▪ Chapters 9, Ross,
▪ Recommended problems:
Stock Valuation Westerfield, &
▪ 1,2,4,6,8,9,11,12,13,14,15,16
Jaffe, 11 th Edition
▪ Chapter 10 Ross.,
▪ Recommended problems:
Risk and Return - Lessons from Westerfield, &
▪ 1,7,,8,9,10,12,13,19,23
Market History Jaffe, 11 th Edition
7 ▪
Return and Risk-The Capital ▪ Chapter 11, Ross.,
▪ Recommended problems:
Asset Pricing Model (CAPM) Westerfield, &
▪ 1,4,5,7,9,10,13,14,15,16,22,23,27
Jaffe, 11 th Edition
▪ Chapter 13, Ross.,
Risk, Cost of Capital, and ▪ Recommended problems:
8 Westerfield, &
Valuation ▪ 1,4,5,7,8,9,11,17,19
Jaffe, 11 th Edition
▪ Chapters 16, and 17
▪ Recommended problems:
(17.1; 17.2 and 17.4
▪ Chapter 16:
9 Capital Structure only) Ross.,
1,2,3,4,6,6,8,9,13,14,16,17,18,19,21,2
Westerfield, &
5
Jaffe, 11 th Edition
▪ Chapter 21, Ross.,
▪ Recommended problems:
10 Leasing Westerfield, &
▪ 1,2,3,4,5,6,7,8,9,10,13,14,15
Jaffe, 11 th Edition
▪ Recommended problems: ▪ Chapters 26 and 28,
Short-Term Financing&
11 ▪ Chapter 26: 5,6,7,8,9,10,12 & Ross., Westerfield,
Working Capital Management
Chapter 28: 1,3,5,11,12 & Jaffe, 11 th ed.
▪ Recommended problems:
12 Revision Chapters of 10, 11, 13, 16, 17,
21, 26, & 28
FINAL EXAM ▪ Chapters of 10, 11, 13, 16, 17, 21, 26, & 28

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Tutorials
Tutorials following the lecture in each session provide students the opportunity to apply and
share knowledge by doing a variety of in-class activities individually or in groups such as
exercises, discussion, and presentation. These activities focus on dem onstrating your skills
and help you build your ability to achieve the learning outcomes for this unit. It is required
to set tutorial appointments with lecturer in a prior notice via email.

Tutorial questions/exercises will be regularly set. You will be expected to have completed
specific reading and exercises from the textbook and other required materials prior to
attending each lecture and tutorial class. If you have not prepared adequately, you will not
get the full benefit from this learning opportunity.

Learning resources
List of readings
Prescribed Ross, S., Westerfield, R., Jaffe, Corporate Finance (11th ed.).
Textbook
Brigham, E.F., & Houston, J. (2009). Fundamentals of Financial Management (12 th ed.).
Recommended Cengage Learning.
readings Saunders, A. & Cornett, M.M. (2007). Financial Markets & Institutions – An Introduction
to the Risk Management Approach (3th ed.). McGraw Hill

Online resources
http://search.proquest.com/login
E-library Username: UEHCMC2010
Password: thuvien0810
E-learning http://elearning.isb.edu.vn/

Other requirements
Financial NA
Calculator

Referencing requirements
Student assignments are to contain original content created by the students. Assignments
will be rejected if they include plagiarised content or contain excessive amounts of
quoted/cited material and minimal original content. Students will receive a grade of ZERO
(0%) for any assignments rejected for this reason. Written assignments WILL BE

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RANDOMLY checked by the lecturer with Turnitin.com, an online plagiarism -checking

tool.

Furthermore, your reference to support your statements must be from a reliable s ource, such
as textbooks, additional reading materials, and reference books. However, many websites
are not reliable sources. Examples are Wikipedia.org, about.com, and ask.com. If you are
not sure if a reference is acceptable or not, please contact the le cturer.

The Publication Manual of the American Psychological Association (APA) 6th ed ., will
serve as the primary reference materials for all students. Therefore, all papers must be
submitted in APA format. The mechanics of student papers and work will be evaluated, as
well as the content. It is imperative that guidelines be reviewed before an assignment is
begun. It is also important that the required submission format be followed in compiling the
final paper or assignment.

Class Policies and Rules

Attendance requirement
UEH-ISB policy requires students to enter electronic finger print before entering the classes.
Class attendance is compulsory and students should provide reasons for the failure to attend
the class on a particular lecture/workshop s ession. Students are required to attend a
minimum of 80% of all classes in order to secure class participation marks. Please let your
lecturer and/or UEH-ISB know if you are unable to attend any session.

Arriving to class late by 15 minutes at the beginning, arriving late by 5 minutes after the
break, or leaving prior to the scheduled end time without the permission of the lecturer will
equate to an absence. Grade reductions for the unit will be assessed when final grades are
assigned if the above absence rule is violated during the unit.

Electronic device use

Cell phones will be turned off or switched to vibrate mode before class starts. No phone
calls or text messaging are allowed inside classroom during class time. Portable listening
and/or music devices may not be operated in the classroom. Headphones and/or ear buds of
any type may not be worn while in the classroom whether operating or not. Laptop and other

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electronic devices are not permitted unless specifically authorised by the lect urer
exclusively for note taking and doing class work. If you are in violation of these policies,
you will be excused from class and an absence will be assessed.

Email etiquette
Your teachers receive many emails each day. In order to enable them to respon d to your
emails appropriately and in a timely fashion, students are asked to follow basic requirements
of professional communication. Firstly, all emails should have a concise and descriptive
title, including the class and name of the unit you are enquiri ng about as your teacher may
be teaching more than one unit/class. Students need to be clear about the intention of their
emails, use appropriate tone and language, proof-read what is written in the email before
sending it. Students should also allow 3-4 working days for a response before following up.
If the matter is legitimately urgent, you may indicate this in the email subject header but be
sure that the email does require an immediate response before using this strategy. If your
email request is complex and requires a lengthy response it may be probably best to make
an appointment with your teacher to meet in person.

Student behaviour guidelines

Everyone must behave professionally. Students are expected to demonstrate respect for
teacher and fellow students at all times. Behaviour that is disruptive to a positive learning
environment reported to the teacher will result in a warning on the first instance; the second
instance might result in a failing grade along with expulsion from the course o r program.

Students are to be punctual at every class session and group meeting. Homework, readings
and other required assignments must be well prepared and completed as scheduled. Students
must also actively participate in classroom activities and discus sions.

Any student caught (1) cheating on an exam, (2) collaborating with others on work to be
presented, if contrary to the stated rules of the course, (3) submitting, if contrary to the rules
of the course, work previously submitted in another course, ( 4) knowingly and intentionally
assisting another student in any of the above actions, including assistance in an arrangement
whereby work, classroom performance, examination, or other activity is submitted or
performed by a person other than the student under whose name the work is submitted or
performed, or (5) plagiarising, may fail the class and be subject to further disciplinary

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action. First violation will result in a grade ZERO (0%) for that assignment. Second
violation will result in a failing course grade.

Disability support services

Students with disabilities are advised that accommodations and services are available at
UEH-ISB. It is the student's responsibility to contact UEH-ISB office and submit
appropriate documentation prior to receiving such services.

Additional information
This unit guide may be revised at the discretion of the Unit Coordinator with approval from
Program Academic Director and School Academic Committee where appropriate.

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