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  2. Corporate Finance [ECF2222]

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Corporate Finance

  • Unit Code

    ECF2222

  • Year

    2019

  • Enrolment Period

    1

  • Version

    3

  • Credit Points

    15

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Jaime Li YONG

Description

Corporate finance involves the financial management of business entities. This examines the principles, theories, and practical issues arising from how companies make investment, financing and distribution decisions. Central to the approaches for making investment decisions is the discount cash flow technique, and its application to project evaluation and analysis. In order to fund operations and new projects, companies need to seek internal and external funding. Decisions on capital structure can have flow-on effects on the firm's cost of capital, funds for operations and investment, and funds for distribution. This unit will be taught with a particular focus on integrating real-world business cases. Students are expected to develop skills to build solutions, and make recommendations for firms.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Articulate key financial concepts and theories underpinning how companies make investment and financing decisions.
  2. Critique the application of financial theories and how they are applied in practice.
  3. Conduct financial analysis using tools such as Microsoft Excel and financial databases.
  4. Analyse investment and financing decisions of companies to make recommendations to specialist and non-specialist audiences.

Unit Content

  1. Corporate governance and ethics.
  2. Financial statements and measuring corporate performance.
  3. Investment decisions, DCF analysis and project evaluation.
  4. The Weighted Average Cost of Capital.
  5. Corporate financing.
  6. Capital structure and debt policy.
  7. Dividend and payout policy.
  8. Long-term and short-term financial planning.
  9. Working capital management.
  10. Mergers, acquisitions and corporate control.
  11. International financial management.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour labNot OfferedNot Offered
Semester 113 x 2 hour lectureNot OfferedNot Offered
Semester 2 x 2 hour lectureNot OfferedNot Offered
Semester 213 x 3 hour seminarNot OfferedNot Offered
Semester 2 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseExercises25%
AssignmentGroup Assignment25%
ExaminationFinal Examination *50%
ONLINE
TypeDescriptionValue
ExerciseExercises25%
AssignmentGroup Assignment25%
ExaminationFinal Examination *50%

* Assessment item identified for English language proficiency

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF2222|3|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Corporate Finance

  • Unit Code

    ECF2222

  • Year

    2019

  • Enrolment Period

    2

  • Version

    3

  • Credit Points

    15

  • Full Year Unit

     N

  • Mode of Delivery

    On Campus
    Online

  • Unit Coordinator

    Dr Jaime Li YONG

Description

Corporate finance involves the financial management of business entities. This examines the principles, theories, and practical issues arising from how companies make investment, financing and distribution decisions. Central to the approaches for making investment decisions is the discount cash flow technique, and its application to project evaluation and analysis. In order to fund operations and new projects, companies need to seek internal and external funding. Decisions on capital structure can have flow-on effects on the firm's cost of capital, funds for operations and investment, and funds for distribution. This unit will be taught with a particular focus on integrating real-world business cases. Students are expected to develop skills to build solutions, and make recommendations for firms.

Prerequisite Rule

Students must have passed ECF1120.

Learning Outcomes

On completion of this unit students should be able to:

  1. Articulate key financial concepts and theories underpinning how companies make investment and financing decisions.
  2. Critique the application of financial theories and how they are applied in practice.
  3. Conduct financial analysis using tools such as Microsoft Excel and financial databases.
  4. Analyse investment and financing decisions of companies to make recommendations to specialist and non-specialist audiences.

Unit Content

  1. Corporate governance and ethics.
  2. Financial statements and measuring corporate performance.
  3. Investment decisions, DCF analysis and project evaluation.
  4. The Weighted Average Cost of Capital.
  5. Corporate financing.
  6. Capital structure and debt policy.
  7. Dividend and payout policy.
  8. Long-term and short-term financial planning.
  9. Working capital management.
  10. Mergers, acquisitions and corporate control.
  11. International financial management.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour labNot OfferedNot Offered
Semester 113 x 2 hour lectureNot OfferedNot Offered
Semester 2 x 2 hour lectureNot OfferedNot Offered
Semester 213 x 3 hour seminarNot OfferedNot Offered
Semester 2 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseExercises25%
AssignmentGroup Assignment25%
ExaminationFinal Examination *50%
ONLINE
TypeDescriptionValue
ExerciseExercises25%
AssignmentGroup Assignment25%
ExaminationFinal Examination *50%

* Assessment item identified for English language proficiency

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433
  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF2222|3|2