ACAF70046
Corporate Finance
Sheridan
 
  I: Administrative Information   II: Course Details   III: Topical Outline(s)  Printable Version
 
Section I: Administrative Information
  Total hours: 63.0
Credit Value: 4.5
Credit Value Notes: N/A
Effective: Winter 2020
Prerequisites: N/A
Corequisites: N/A
Equivalents: N/A
Pre/Co/Equiv Notes: N/A

Program(s): Adv Cert Accounting & Finance
Program Coordinator(s): N/A
Course Leader or Contact: N/A
Version: 20200106_00
Status: Approved (APPR)

Section I Notes: This course is offered in two formats - online (OntarioLearn) and blended (on-campus and Slate). For the blended version, there will be 14 three-hour weekly sessions in-class, and each session will be followed or preceded by 1.5 hours of online learning activities. Online learning often involves assigned weekly readings, research, assignments, quizzes, journal writing and discussion boards. Some courses may include live online class sessions that allow students and the instructor to engage and share resources as a group. A laptop computer is required for this course. Students will need access to a computer and the internet. To be considered for the Advanced Certificate in Accounting and Finance (ACAF) National Examination eligibility, students must earn a minimum grade of 50% in this course and meet the additional standards of achievement found in the Chartered Professional Accountants (CPA) Ontario's National Examination Policies.

 
 
Section II: Course Details

Detailed Description
Students explore finance issues and the tools used by financial managers in decision making. Students examine the corporate finance environment and its impact on decision making, time value of money, investing and risk management, distribution of earnings, capital budgeting techniques and short-, medium-, and long-term financing decisions. Through a combination of various learning techniques including interactive lectures, inquiry based learning and in-class problem solving, students develop the financial tools for both short-term and long-term financial management.

Program Context

 
Adv Cert Accounting & Finance Program Coordinator(s): N/A
This course is part of the ACAF cluster of course offerings.


Course Critical Performance and Learning Outcomes

  Critical Performance:
By the end of this course students will have demonstrated the ability to assist in the planning, analysis and control of both short-term as well as long-term financial management.
 
Learning Outcomes:

To achieve the critical performance, students will have demonstrated the ability to:

  1. Identify the role and function of financial management.
  2. Assess the financial value of an organization using the balance sheet and income statement and delineate the limitations of such valuations.
  3. Forecast external funding requirements using the percent-of-sales method.
  4. Define and calculate leverage and assess its opportunities and financial limitations.
  5. Calculate yields, present value, future value, and annuity amount for a given financial asset based on information provided.
  6. Assess the current value (price) of bonds, preferred shares (perpetual), and common shares based on the future benefits (cash flows).
  7. Construct the cost of capital based on various valuation techniques as applied to bonds, preferred stocks, and common shares and evaluate alternative capital structures.
  8. Evaluate investments by the average accounting return, the payback period, the internal rate of return, the net present values, and the profitability index.
  9. Integrate the basic methodology of risk-adjusted discount rates for dealing with risk in capital budgeting analysis.
  10. Examine cash management as the control of receipts and disbursements to minimize non-earning cash balances while providing liquidity.
  11. Identify working capital management considerations for permanent current asset components, including the effects of sales vs. production schedules.
  12. Calculate and compare the effective cost of foregoing a trade credit discount with the effective cost of various alternative banking arrangements.
  13. Analyze the decision of whether or not to call in and reissue debt when interest rates have declined.
  14. Evaluate dividend policies and its impact on common stock prices.
  15. Distinguish between forwards, futures, and options and calculate the value of call and put options.

Evaluation Plan
Students demonstrate their learning in the following ways:

 Evaluation Plan: IN-CLASS & ONLINE INSTRUCTION
 Homework Assignments (10 x 3%)30.0%
 Midterm30.0%
 Final Exam (Cumulative)40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
TEST AND ASSIGNMENT PROTOCOL The following protocol applies to every course offered by Continuing and Professional Studies. 1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the instructor. 2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding Sundays and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not. An extension or make-up opportunity may be approved by the instructor at his or her discretion.



Evaluation Plan: ONLINE
 Homework Assignments (10 x 3%)30.0%
 Mid-term Exam30.0%
 Final Exam (Cumulative)40.0%
Total100.0%

Evaluation Notes and Academic Missed Work Procedure:
TEST AND ASSIGNMENT PROTOCOL The following protocol applies to every course offered by Continuing and Professional Studies. 1. Students are responsible for staying abreast of test dates and times, as well as due dates and any special instructions for submitting assignments and projects as supplied to the class by the instructor. 2. Students must write all tests at the specified date and time. Missed tests, in-class/online activities, assignments and presentations are awarded a mark of zero. The penalty for late submission of written assignments is a loss of 10% per day for up to five business days (excluding Sundays and statutory holidays), after which, a grade of zero is assigned. Business days include any day that the college is open for business, whether the student has scheduled classes that day or not. An extension or make-up opportunity may be approved by the instructor at his or her discretion.

Provincial Context
The course meets the following Ministry of Colleges and Universities requirements:


 

Prior Learning Assessment and Recognition
PLAR Contact (if course is PLAR-eligible) - Office of the Registrar

  • Not Eligible for PLAR

 
 
Section III: Topical Outline
Some details of this outline may change as a result of circumstances such as weather cancellations, College and student activities, and class timetabling.
Print Instruction Mode Professor Applicable Student Group(s)
Online N/A Continuing and Professional Studies Students
In-class & Online Instruction N/A Continuing and Professional Studies Students

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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