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Handbook 1997 : Faculty of Economics and Commerce : Accounting and Finance

306-309 Corporate Finance

Note:

This subject is available to third-year students only. The course is aimed at students envisaging a career in corporate financial management or advising.

Prerequisite/s:

306-203 Business Finance.

Timetable:

Semester 1

Contact:

Two 1-hour lectures and a 1-hour tutorial a week. In addition, students may be required to attend up to eight 1-hour special guest lectures

Objectives:

On completion of this subject a student should:

  • obtain a detailed understanding of the implications of the Australian tax system for corporate finance;

  • understand the theoretical framework underlying the corporate dividend decision and the capital structure decision;

  • be able to solve complex capital budgeting problems;

  • comprehend alternative corporate funding mechanisms;

  • be aware of current issues in Australian corporate finance.

Content:

An extension of the analysis of capital budgeting, capital structure, and dividend policy to the treatment in Business Finance. The effect of the dividend imputation system of taxation on dividend policy, capital structure and capital budgeting. A comprehensive analysis of corporate acquisitions and restructuring. A detailed examination of alternative funding mechanisms including leases and hybrid securities. A discussion of current issues of interest in Australian corporate finance.

Assessment:

A 1-hour mid-semester test (20%) and a 3-hour examination at the end of the semester (80%).

Prescribed Texts:

To be advised.


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Handbook 1997 : Faculty of Economics and Commerce : Accounting and Finance
Status:                   OFFICIAL 1997
Last Modified:            Wednesday March 12 3:36 pm
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Email Enquiries:          Course_Information@registrar.unimelb.edu.au
Copyright © University of Melbourne 1997.