General Information
Managerial Finance provides a comprehensive introduction to corporate financial management. The subject links the mathematics of finance and discounted cash flows to finance theory, valuation and investment analysis. Portfolio theory is used to provide a foundation for determining the relationship between risk and return which is, in turn, extended into an analysis of capital structure and methods of estimating a firm’s cost of capital. The focus of this subject is on creating shareholder value, with due consideration given to the role of financial management within the broader context of corporate governance.
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Details
Academic unit: Bond Business School Subject code: GMBA71-205 Subject title: Managerial Finance Subject level: Postgraduate Semester/Year: September 2022 Credit points: 10.000 -
Delivery & attendance
Timetable: https://bond.edu.au/timetable Delivery mode: Online Workload items: - Directed Online Activity: x12 (Total hours: 36) - Webinar 1
- Personal Study Hours: x12 (Total hours: 84) - Recommended study time & reviewing materials
Attendance and learning activities: Participation in all scheduled sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible. -
Resources
Prescribed resources: Books
- R. Charles Moyer; James R. McGuigan; Ramesh P. Rao ; William J. Kretlow, Contemporary Financial Management. 14th, Cengage Learning
iLearn@Bond & Email: iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au
Academic unit: | Bond Business School |
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Subject code: | GMBA71-205 |
Subject title: | Managerial Finance |
Subject level: | Postgraduate |
Semester/Year: | September 2022 |
Credit points: | 10.000 |
Timetable: | https://bond.edu.au/timetable |
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Delivery mode: | Online |
Workload items: |
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Attendance and learning activities: | Participation in all scheduled sessions is expected. Students are expected to notify the instructor of any absences with as much advance notice as possible. |
Prescribed resources: | Books
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iLearn@Bond & Email: | iLearn@Bond is the online learning environment at Bond University and is used to provide access to subject materials, lecture recordings and detailed subject information regarding the subject curriculum, assessment and timing. Both iLearn and the Student Email facility are used to provide important subject notifications. Additionally, official correspondence from the University will be forwarded to students’ Bond email account and must be monitored by the student. To access these services, log on to the Student Portal from the Bond University website as www.bond.edu.au |
Enrolment requirements
Requisites: |
Nil |
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Assumed knowledge: |
Assumed knowledge is the minimum level of knowledge of a subject area that students are assumed to have acquired through previous study. It is the responsibility of students to ensure they meet the assumed knowledge expectations of the subject. Students who do not possess this prior knowledge are strongly recommended against enrolling and do so at their own risk. No concessions will be made for students’ lack of prior knowledge. Assumed Prior Learning (or equivalent):
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Restrictions: |
Nil |
Assurance of learning
Assurance of Learning means that universities take responsibility for creating, monitoring and updating curriculum, teaching and assessment so that students graduate with the knowledge, skills and attributes they need for employability and/or further study.
At Bond University, we carefully develop subject and program outcomes to ensure that student learning in each subject contributes to the whole student experience. Students are encouraged to carefully read and consider subject and program outcomes as combined elements.
Program Learning Outcomes (PLOs)
Program Learning Outcomes provide a broad and measurable set of standards that incorporate a range of knowledge and skills that will be achieved on completion of the program. If you are undertaking this subject as part of a degree program, you should refer to the relevant degree program outcomes and graduate attributes as they relate to this subject.
Subject Learning Outcomes (SLOs)
On successful completion of this subject the learner will be able to:
- Describe the role and objective of financial management in a global setting.
- Apply the concept of time value of money the valuation of basic financial instruments.
- Demonstrate the impacts of financial risk on investments via modern portfolio theory and the Capital Asset Pricing Model.
- Use financial concepts in the valuation of bonds and shares.
- Construct cash flow analyses, apply rigorous evaluation techniques and identify the cost of capital in capital budgeting decision making
Generative Artificial Intelligence in Assessment
The University acknowledges that Generative Artificial Intelligence (Gen-AI) tools are an important facet of contemporary life. Their use in assessment is considered in line with students’ development of the skills and knowledge which demonstrate learning outcomes and underpin study and career success. Instructions on the use of Gen-AI are given for each assessment task; it is your responsibility to adhere to these instructions.
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Assessment details
Type Task % Timing* Outcomes assessed Case Study Case Study Report - The case report involves applying the financial principles covered in Topic 1-7 as advice to an investment decision being made 15% Week 8 1,2,4 Case Study Final Case Report - this report involves providing more advanced input to the problem assessed in the first case study - having to evaluate capital decisions in terms of project investments 15% Week 11 1,2,3,4,5 Computer-aided Test (Open) Minor Quizzes 30% In Consultation 4,5 Computer-Aided Examination (Open) Comprehensive Examination 40% Non-Standard Examination Period 1,2,3,4,5 - * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
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Assessment criteria
Assessment criteria
High Distinction 85-100 Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. Distinction 75-84 Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. Credit 65-74 Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. Pass 50-64 Usually awarded to students whose performance meets the requirements set for work provided for assessment. Fail 0-49 Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Type | Task | % | Timing* | Outcomes assessed |
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Case Study | Case Study Report - The case report involves applying the financial principles covered in Topic 1-7 as advice to an investment decision being made | 15% | Week 8 | 1,2,4 |
Case Study | Final Case Report - this report involves providing more advanced input to the problem assessed in the first case study - having to evaluate capital decisions in terms of project investments | 15% | Week 11 | 1,2,3,4,5 |
Computer-aided Test (Open) | Minor Quizzes | 30% | In Consultation | 4,5 |
Computer-Aided Examination (Open) | Comprehensive Examination | 40% | Non-Standard Examination Period | 1,2,3,4,5 |
- * Assessment timing is indicative of the week that the assessment is due or begins (where conducted over multiple weeks), and is based on the standard University academic calendar
- C = Students must reach a level of competency to successfully complete this assessment.
Assessment criteria
High Distinction | 85-100 | Outstanding or exemplary performance in the following areas: interpretative ability; intellectual initiative in response to questions; mastery of the skills required by the subject, general levels of knowledge and analytic ability or clear thinking. |
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Distinction | 75-84 | Usually awarded to students whose performance goes well beyond the minimum requirements set for tasks required in assessment, and who perform well in most of the above areas. |
Credit | 65-74 | Usually awarded to students whose performance is considered to go beyond the minimum requirements for work set for assessment. Assessable work is typically characterised by a strong performance in some of the capacities listed above. |
Pass | 50-64 | Usually awarded to students whose performance meets the requirements set for work provided for assessment. |
Fail | 0-49 | Usually awarded to students whose performance is not considered to meet the minimum requirements set for particular tasks. The fail grade may be a result of insufficient preparation, of inattention to assignment guidelines or lack of academic ability. A frequent cause of failure is lack of attention to subject or assignment guidelines. |
Quality assurance
For the purposes of quality assurance, Bond University conducts an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected.
Study Information
Submission procedures
Students must check the iLearn@Bond subject site for detailed assessment information and submission procedures.
Policy on late submission and extensions
A late penalty will be applied to all overdue assessment tasks unless an extension is granted by the subject coordinator. The standard penalty will be 10% of marks awarded to that assessment per day late with no assessment to be accepted seven days after the due date. Where a student is granted an extension, the penalty of 10% per day late starts from the new due date.
Academic Integrity
University’s Academic Integrity Policy defines plagiarism as the act of misrepresenting as one’s own original work: another’s ideas, interpretations, words, or creative works; and/or one’s own previous ideas, interpretations, words, or creative work without acknowledging that it was used previously (i.e., self-plagiarism). The University considers the act of plagiarising to be a breach of the Student Conduct Code and, therefore, subject to the Discipline Regulations which provide for a range of penalties including the reduction of marks or grades, fines and suspension from the University.
Bond University utilises Originality Reporting software to inform academic integrity.Feedback on assessment
Feedback on assessment will be provided to students within two weeks of the assessment submission due date, as per the Assessment Policy.
Accessibility and Inclusion Support
If you have a disability, illness, injury or health condition that impacts your capacity to complete studies, exams or assessment tasks, it is important you let us know your special requirements, early in the semester. Students will need to make an application for support and submit it with recent, comprehensive documentation at an appointment with a Disability Officer. Students with a disability are encouraged to contact the Disability Office at the earliest possible time, to meet staff and learn about the services available to meet your specific needs. Please note that late notification or failure to disclose your disability can be to your disadvantage as the University cannot guarantee support under such circumstances.
Additional subject information
As part of the requirements for Business School quality accreditation, the Bond Business School employs an evaluation process to measure and document student assessment as evidence of the extent to which program and subject learning outcomes are achieved. Some examples of student work will be retained for potential research and quality auditing purposes only. Any student work used will be treated confidentially and no student grades will be affected. In addition to the text book, current online and other reports are utilized to provide a further explanation of the principles covered, especially emphasizing application to Japan.
Subject curriculum
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The Role and Objectives of Financial Management
The role of financial markets in the broader economy, how markets interact with firms and organizations to create value, and the implications of market failures.
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Financial Maths - 1
Application of the time value of money to simple investments, including lump sum investments - using Excel as a tool for analysis.
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Financial Maths - 2
Extending the application of the time value of money to more complex annuity assets, including investments and loans - introducing the context of these financial products.
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Risk and Return - 1
The concept of modern portfolio theory is fundamental to understanding the risk-return relationship in finance theory, it is better to not put all your eggs in one basket.
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Risk and Return - 2
Modern portfolio theory extends to widely used asset pricing models and understanding their application and limitations is critical to valuation frameworks.
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Pricing Bonds
Fixed income securities are important financial instruments for investors and corporations alike, and understanding structure and value context is important in project financing decisions.
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Equity Valuation
Understanding the influences on the value of ordinary equity is covered from a theory and practice context.
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Capital Budgeting 1
This topic considers the forecasting of project cash flows in project evaluations - the link to and differences from accounting records.
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Capital Budgeting 2
Having a consistent and theoretically sound set of project evaluation decision rules enables better pitching and decision making about project choices.
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Cost of Capital
Understanding the required rate of return on investments is the other side of the capital budgeting framework and completes the decision-making framework.
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Capital Budgeting Under Risk
This topic reviews the ways to look at project risk assessment, especially in the context of forecasting risk.
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Subject Review
Overview of the subject.