Ministry of Education & Training Socialist Republic of Vietnam

University of Economics Independence – Freedom - Happiness

Ho Chi Minh City

UNDERGRADUATE PROGRAM
(Bachelor degree)

MAJOR: FINANCE - BANKING

MINOR: FINANCE

SYLLABUS
1. Course name: ADVANCED CORPORATE FINANCE
2. Course code:
3. Teaching Department: Corporate Finance Division, School of Finance
4. Level of competency: (apply for students at the 3rd academic year)
5. Credit number: 3
6. Time allocation: (in credit for each type of activitties)
+ In-class activities (credits): 3
+ Group work (credits): 1,0
+ Self-study (credits): 6
7. Prequisite courses: Corporate Finance
8. Course brief description:
The content of this unit presents in-depth theories of the financial decisions, theories
and techniques of managing capital resources to maximize shareholder wealth in
public corporation, organization, and investors. Upon a completion of this course,
students are expected to have advanced understanding of the concepts and techniques
of financial management in the modern public corporations which has not been
discussed in Corporate Finance course but is very practical in reality and crucial in
doing comtemporary research. The unit presents the MM theory with bankcruptcy
cost, agency problem, asymmetry information and the limit to the use of debt; efficient
market and behavioral finance; long-term financing and raising capital; options,
futures, and corporate finance. Besides, this course presents factors related to financial
distress which should destroy the firm value. Finally, this unit also provide advanced
knowledge on comtemporary issues in finance practically or academically, but
remained undocumented or problematic to many Vietnamese firms recenttly.

9. Course Learning Outcomes - CLOs:

Upon a completion of the course, students should:
9.1 Knowledge
- CLO 1.1 Understand and explain the important features of bonds, stocks and
factors which infuence bond yield.
- CLO 1.2 Be able to apply valuation models of financial assets and enterprise.
- CLO 1.3 Be able to compute return and risk of stocks and porfolio.
- CLO 1.4 Describe how diversification can reduce porfolio’s risk.
- CLO 1.5 Exlpain the relationship between return and risk in the well –
diversified porfolio.
- CLO 1.6 Understand and explain forms of efficient market and the challenge of
behavioral finance.
- CLO 1.7 Summerize theories involving capital structure decision, analyze
reality factors which affect financing leverage of a company by reading
published acadamic research papers.
- CLO 1.8 Evaluate the appropriate methods of capital raising in financial
markets.
- CLO 1.9 Describe the choices of a company when facing with financial
distress.
- CLO 1.10 Differentiate vatious forms of options, trading strategies based on
options, and apply it in reality.
- CLO 1.11 Compare warrants, rights, and convertible bonds.

- CLO 1.12 Demonstrate an understanding of up-to-date knowlegdes in academia

or practice by reading contemporary articles/magazines in finance
 - 9.2 Skills
- CLO2.1 Have practical skills and be able to apply textbook theories to reality.
- CLO2.2: Have data selection and data analysis skills.
- CLO2.3: Be equiped with presentation skills.
- CLO2.4: Be trained with group study, teamwork, brainstorming skills.
- CLO2.5: Have logical reasoning, critical, and solving problems skills
- CLO2.6: Have academic English reading & comprehensive skills; be able to
self-study finance-related subjects, giving commitment of life-long learning
after graduation to advance career in the field of work.
- CLO2.7 Be able to read and understand an academic research paper or practical
magazine related to the field of corporate finance.

9.3. Autonomy and Responsibility

- CLO3.1: Follow code of conduct, ethics, and integrity in making financial
decisions.
- CLO3.2: Be able to develop a sound study plan and always stay committed to
the goals.
10. Learning materials:
10.1 Required readings:
Text book 1: Ross, Westerfield and Jordan (2015), Corporate Finance 11 Edition,
McGraw-Hill
Text book 2: Principles of Managerial Finance, by Gitman and Zutter (2019), 14th
edition.
10.2 Optional readings:
Tài chính Doanh nghiệp (2017), 1st edition, NXB Kinh tế (translation, in Vietnamese)
Bài tập Tài chính Doanh nghiệp hiện đại (2014), Trần Ngọc Thơ, NXB Thống kê.
10.3 Others:
Lecture notes, slide presentations, and other teaching and learning materials are also
provided
 11. Course teaching plan:
Session Delivered content Teaching method Learning materials (name Student works in detail Corresponding
(teaching hour (name of chapter, section) applied of chapter, section) (exercise, case study, CLO(s)
no.) presentation, etc.)
Session 1 Interest Rates and Bond In-class lecture Chapter 8, RWJ text, Reading Chapter 8 and getting CLO 1.1
(5 class hours) Valuation (including 8.1,8.2, 8.4, ready for possible questions CLO1.2
8.5) Online quizzes from chapter 8.

Session 2 Stock Valuation In-class lecture Chapter 9, RWJ text Reading Chapter 9 and getting CLO 1.1
(excluding 9.5; 9.6) ready for possible questions
(5 class hours) CLO1.2
Online quizzes from chapter 9.
Session 3 Risk and Return In-class lecture Chapter 10, RWJ text Reading Chapter 10, 11 and CLO 1.3
(5 class hours) (excluding 10.7 and 10.8) getting ready for possible CLO 1.4
questions
Return and Risk: CAPM Chapter 11, RWJ text CLO 1.5
Online quizzes from chapter 10
and 11
Session 9 Efficient Financial Markets and Self-study on LMS Chapter 14 (including Self – study chapter 14 CLO 1.6, 2.6, 2.7
Behavioral Challenges 14.1-5)
(LMS self- Online quizzes from chapter 14 CLO1.7
study)

Session 4 Capital Structure: Limits of the In-class lecture Chapter 17 (excluding Reading Chapter 17 and getting CLO1.7
(5 class hours) use of debt. 17.9) RWJ text ready for possible questions CLO2.6, 2.7
Online quizzes from chapter
14,17
 Session 9 Financial Distress Self-study on LMS Chapter 30, RWJ text Self – study chapter 30 CLO1.9, 2.6, 2.7
(LMS Self-
study) Online quizzes from chapter 30

Session 5 Capital Raising In-class lecture Chapter 20, RWJ text Reading Chapter 20 and getting CLO1.10
ready for possible questions
(5 class hours)
Online quizzes from chapter 20
Session 6 Options and Corporate Finance In-class lecture Chapter 22 , RWJ text Reading Chapter 22 and getting CLO1.11
ready for possible questions
(5 class hours) (22.6,7,8&10)
Online quizzes from chapter 22
Session 7 Warrants and Covertibles In-class lecture Chapter 24 Reading Chapter 24 and getting CLO1.12
ready for possible questions
(5 class hours) RWJ text CLO2.6, 2.7
Online quizzes from chapter 24

Session 8 Midterm exam CLO1.7, 1.12,

CLO2.3, 2.6, 2.7
(5 class hours) Course Review
Total teaching and learning time: 45 teaching hours
12. Student workload:
- Attend all sessions required for the unit.
- Well prepare before class.
- Get all of the homework assignments done, including online quizzes.
- Prepare for the presentation and submit the work before the presentation session.
(details are provided in the next section)
- Class participation is much encouraged and strongly recommended (bonus points
are awarded and counted for assessment#1).
- Sit for the final examination (details are provided below).
13. Student assessment system:
- Class attendance and participation: 10%
Based on the university policies, class attendances are mandatory. Arriving class
later than 15 minutes is not acceptable.
For assessment #1, class attendance check will be implemented in 03 random
sessions. If you have three presences (or zero misses) out of the three random
rolls, you got a mark of eight. For one additional miss from that level, your mark
of eight will be deducted by one. Roll will be taken before class or at the end of
class. During the class lecture or discussion, bonus points are awarded and
calculated for your overall achievement of assessment #1 (on scale of 10)
No private conversation and no electronics devices, including cell phones, are
allowed during the class time. The use of tablets and laptops for the purpose of
note taking must be approved by the lecturer.

- Online quizzes on LMS 15%

After each session, there are online quizzes posted on LMS, (including chapter
15). Each quizzes consit of 30 MPQs including conception and calculation
questions.

- Mid-term exam: 25%

The midterm consists of two parts: part A with 10 MPQs and part B with 01
calculation problem. This is a closed book exam in 40 minutes.
 - Final examination: 50%
Closed-book exam in 75-90 minutes. The exam covers all chapters (including
chapter 14 and 30 for self-study), consisting 25-30 multiple choice questions.

14. Student support:

At the student’s request, appointment or discussion can be done in-person, on
LMS, or via email.

TP.HCM, 29th June year 2021

Dean Elaborator
(signature and full name) (signature and full name)

Vu Viet Quang