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Total hours: 42.0
Credit Value: 3.0
Credit Value Notes: N/A
Effective: Winter 2015
Prerequisites:
(FINA23000D)
Corequisites:
N/A
Equivalents:
N/A
Pre/Co/Equiv Notes: N/A |
Program(s):
Bach Bus Admin Market Manage, Bach Business Admin Accounting, Bach Business Admin Finance, Bach Human Resources, BachBus Admin Spply Chain Mgmt
Program Coordinator(s):
Tba
Course Leader or Contact: Tba
Version: 1.01
Status: Approved (APPR)
Section I Notes:
This course will be delivered in hybrid format.
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Detailed Description
Students examine a variety of advanced finance issues and the tools
used by financial managers in decision making. Topics include
financial markets and portfolio risk, capital budgeting, long-term
sources of funds, capital structure and dividend policy, treasury risk
management, financial planning, and long-term planning and strategic
issues in finance. Through a combination of various learning
techniques including interactive lectures, problem solving activities
and case studies, students develop the decision making skills required
of financial managers.
Program Context
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Bach Bus Admin Market Manage |
Program Coordinator: Tba |
See Program Context for
Accounting.
Bach Business Admin Accounting |
Program Coordinator: Tba |
This course can be used as a
required program course in
Bachelor of Business
Administration (BBA)
Accounting or an elective
course in BBA Accounting, BBA
Finance, BBA Human Resources,
BBA Marketing and BBA Supply
Chain Management. For BBA
Accounting, students must
complete 2 of the following 4
courses (ACCG32000D,
ACCG32006D, ACCG32002D,
ACCG42004D) to graduate. If
students have completed two of
these courses then they can
take either of the remaining
two courses as a business
elective or choose other
courses from the business
elective category.
This course develops the
student's ability to
contribute to financial
decisions in a diverse,
complex global business
environment. This course is
designed to meet the
requirements of the accounting
professional programs of
study. The outcomes and
learning experiences derived
from successful completion of
this course will contribute to
the students' Creative
Learning Portfolio.
Bach Business Admin Finance |
Program Coordinator: Tba |
See Program Context for
Accounting.
Bach Human Resources |
Program Coordinator: Tba |
See Program Context for
Accounting.
BachBus Admin Spply Chain Mgmt |
Program Coordinator: Tba |
See Program Context for
Accounting.
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Course Critical Performance and Learning Outcomes
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Critical Performance
By the end of this course, students will have demonstrated the ability
to analyze advanced financial concepts and recommend effective courses
of action to optimize performance of the enterprise in a complex
global environment.
Learning Outcomes
To achieve the critical performance, students will have demonstrated
the ability to:
1. Develop recommendations to management using advanced financial
concepts.
2. Compute capital budgeting alternatives to maximize return on
investment.
3. Identify long term sources of financing to optimize an entity¿s
capital structure.
4. Recommend a dividend policy to maximize market value of corporate
securities.
5. Evaluate special financing and investment alternatives.
6. Assess the impact of treasury-risk management decisions in a
complex corporate environment.
7. Analyze the use of futures, forwards, options and swaps for
alternative sources of corporate securities.
8. Construct effective financial plans in a complex global
environment.
9. Explain the impact on stakeholders of volatile financial markets
and decision-making.
10. Interpret financial results to recommend optimal courses of
action.
11. Demonstrate professional behaviours including:
a. work effectively in a team environment
b. meet due dates
c. produce professional quality assignments
d. use reference materials responsibly
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Evaluation Plan
Students demonstrate their learning in the following ways:
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Students demonstrate their learning in the following ways:
Assignments (3x5%) 15%
Case studies (3x5%) 15%
Midterm exam (Module 1 - 4) 30%
Final exam (comprehensive) 40%
100%
Assignments and case studies are to be completed in small groups. All
other evaluations are on an individual basis.
In addition to achieving a minimum 50% overall grade, a student must
have a combined average of at least 50% on the non-group components of
the evaluation plan in order to receive credit for this course.
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Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Effective term: Winter 2015
Professor: Multiple Professors
Textbook(s): Elali, W. and Trainor, T. (2009). Advanced Corporate Finance, A
Practical Approach. (1st ed.). Toronto: Pearson Education Canada.
Applicable student group(s): Bachelor of Business Administration
Course Details:Module 1: Review of Basic Financial Concepts
1. Purpose and nature of valuation
a. Fair market value concept
2. Impact of interest rates
3. Role of financial markets
4. Total and marginal returns
5. Transferring wealth
6. Approaches to valuation (Asset/Discounted Cash Flow/Market
Multiples Modes)
7. Common inputs to valuation techniques
Learning Outcome: 1, 3
Module 2: Capital Budgeting Under Uncertainty
1. Portfolio theory/diversification
2. Measuring risk and returns
3. Capital budgeting in a portfolio framework
4. Market risk and total risk
5. Capital rationing
6. Annual capital budgeting process
7. Optimal investment decision making
Learning Outcome: 1, 2, 3
Assessment: Assignment #1 (5%)
Module 3: Long-term Sources of Funds
1. Bank financing
2. Corporate bonds
3. Preferred shares
4. Common shares
5. Issuing securities
6. Ownership and control
Learning Outcome: 1, 2, 3, 4
Assessment: Case Study #1 (5%)
Module 4: Capital Structure
1. Capital Structure
2. Impact of personal and corporate taxes
3. Effect of bankruptcy costs
4. Other influences on capital structure
5. Selecting optimal capital structure
Learning Outcome: 1, 2, 3
MIDTERM EXAM (Modules 1 ¿ 4) 30%
Module 5: Dividend Policy
1. Theoretical foundation
2. Dividend policy in practice
3. Dividend payment procedures
4. Stock dividends and stock splits
5. Share repurchases and dividend decisions
6. Short-term financing
7. Asset-Backed financing
Learning Outcome: 1, 3, 4, 5
Assessment: Assignment #2 (5%)
Module 6: Special Financing and Investment Decisions
1. Project financing
2. Investment and financing decisions
3. Evaluating lease financing
4. Forms of Expansion and Divestiture
a. Mergers
b. Acquisitions
c. strategic alliances
d. joint ventures
e. spin-offs
5. Leveraged buyouts
Learning Outcome: 1, 2, 3, 5
Assessment: Case Study #2 (5%)
Module 7: Treasury Risk Management
1. Types of treasury risk
2. Measuring risk exposure
3. Basic risk management
4. Risk management considerations
5. Financing international trade
Learning Outcome: 1, 3, 4, 5, 6
Module 8: Futures and Forwards
1. Futures and forward traders
2. Basic valuations
3. Hedging with forwards and future contracts
Learning Outcome: 1, 3, 5, 7
Assessment: Assignment #3 (5%)
Module 9: Options and Swaps
1. Options
2. Basic valuations
3. Corporate securities
4. Hedging with options
5. Hedging with swaps
6. Costs of hedging
7. International considerations
a. Exchange risks
b. Political risks
c. Economic risks
d. International sources of capital
Learning Outcome: 1, 3, 5, 7, 9
Module 10: Financial Planning
1. Role of forecasting
2. Pro-forma financial statements
3. Short-term financial planning
4. Long and short-term financing decisions
5. Financial ratios
6. Financial planning models
7. Strategic decisions and ethical considerations
8. Trend analysis
Learning Outcome: 1, 3, 4, 5, 8, 10
Assessment: Case Study #3 (5%)
FINAL EXAM (Comprehensive - Modules 1-10) (40%)
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Sheridan Policies
All Sheridan policies can be viewed on the Sheridan policy website.
Academic Integrity: The principle of academic integrity requires that all work submitted for evaluation and course credit be the original, unassisted work of the student. Cheating or plagiarism including borrowing, copying, purchasing or collaborating on work, except for group projects arranged and approved by the professor, or otherwise submitting work that is not the student's own, violates this principle and will not be tolerated. Students who have any questions regarding whether or not specific circumstances involve a breach of academic integrity are advised to review the Academic Integrity Policy and procedure and/or discuss them with the professor.
Copyright: A majority of the course lectures and materials provided in class and posted in SLATE are protected by copyright. Use of these materials must comply with the Acceptable Use Policy, Use of Copyright Protected Work Policy and Student Code of Conduct. Students may use, copy and share these materials for learning and/or research purposes provided that the use complies with fair dealing or an exception in the Copyright Act. Permission from the rights holder would be necessary otherwise. Please note that it is prohibited to reproduce and/or post a work that is not your own on third-party commercial websites including but not limited to Course Hero or OneNote. It is also prohibited to reproduce and/or post a work that is not your own or your own work with the intent to assist others in cheating on third-party commercial websites including but not limited to Course Hero or OneNote.
Intellectual Property: Sheridan's Intellectual Property Policy generally applies such that students own their own work. Please be advised that students working with external research and/or industry collaborators may be asked to sign agreements that waive or modify their IP rights. Please refer to Sheridan's IP Policy and Procedure.
Respectful Behaviour: Sheridan is committed to provide a learning environment that supports academic achievement by respecting the dignity, self-esteem and fair treatment of every person engaged in the learning process. Behaviour which is inconsistent with this principle will not be tolerated. Details of Sheridan's policy on Harassment and Discrimination, Academic Integrity and other academic policies are available on the Sheridan policy website.
Accessible Learning: Accessible Learning coordinates academic accommodations for students with disabilities. For more information or to register, please see the Accessible Learning website (Statement added September 2016)
Course Outline Changes: The information contained in this Course Outline including but not limited to faculty and program information and course description is subject to change without notice. Any changes to course curriculum and/or assessment shall adhere to approved Sheridan protocol. Nothing in this Course Outline should be viewed as a representation, offer and/or warranty. Students are responsible for reading the Important Notice and Disclaimer which applies to Programs and Courses.
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