EFB343 Corporate Finance
To view more information for this unit, select Unit Outline from the list below. Please note the teaching period for which the Unit Outline is relevant.
| Unit code: | EFB343 |
|---|---|
| Prerequisite(s): | EFB210 |
| Antirequisite(s): | EFB307 |
| Equivalent(s): | EFX343 |
| Credit points: | 12 |
| Timetable | Details in HiQ, if available |
| Availabilities |
|
| CSP student contribution | $2,124 |
| Pre-2021 CSP student contribution | $1,663 The pre-2021 commonwealth supported place (CSP) contribution amount only applies to students enrolled in a course prior to 2021. To learn more, visit our Understanding your fees page. |
| Domestic tuition unit fee | $3,204 |
| International unit fee | $4,512 |
Unit Outline: Semester 1 2025, Gardens Point, Internal
| Unit code: | EFB343 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB210 |
| Equivalent: | EFX343 |
| Anti-requisite: | EFB307 |
| Coordinator: | Nisansala Kulathunga | n.kulathunga@qut.edu.au |
Overview
This unit extends the knowledge and skills introduced in earlier finance units to the corporate finance context. It provides an in-depth analysis of the sustainable financial management of a business organisation and advances frameworks necessary for the analysis of the more advanced aspects of domestic and international business finance. The further specialisation of financial management knowledge and skills this unit provides equips students wishing to pursue a career in finance with a valuable applied skill set. Topics examined include: working capital management, capital investment decisions, issuance of corporate securities and capital structure, payout policy, mergers and acquisitions, and financial restructuring.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate, analyse and apply knowledge of the finance theories, practices and markets used by financial managers when deciding how to efficiently and sustainably raise, manage and invest capital. [KS 1.1, HO 2.1]
- Apply knowledge, judgement, technical and technological skills to identify, critically analyse and solve problems related to the decisions of the financial manager. [KS 1.1, 1.2, HO 2.2]
- Demonstrate written communication skills, including the use of technical and non-technical materials, to effectively structure, present and explain financial data, information and ideas. [PC 3.1]Relates to: UG Business Capabilities: PC (3.1)
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [TS 4.1]Relates to: UG Business Capabilities: TS (4.1)
Content
The initial focus of this unit is to review the firm's objectives, the role of the financial manager and some of the fundamental skills covered in EFB210 Finance 1. It then advances students' knowledge and skills by looking at topics related to corporate governance, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and restructuring.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit consists of a weekly two hour lecture and one hour tutorial, with tutorials providing the opportunity to discuss and apply the materials presented in the lectures.
The unit employs a range of case studies to teach, apply and assess materials. As an example, students will complete the valuation of a major project, assess the implications of a firm's capital restructuring and critically analyse the rationale managers provide when they acquire other firms. The inherent complexities of these cases mean that lecture and tutorial attendance is essential to develop the ability to apply the knowledge and skills taught.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal:in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment)
- demonstrate your learning in order to achieve a final grade (summative assessment)
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-Semester Exam
Multiple choice exam covering Topics 1 to 5
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Valuation Project
Students will be provided with a significant case study where they must provide analytical information related to the feasibility of a major capital investment and the way in which the investment is to be funded. Students will write a report summarising the case and the results of the analysis conducted.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: End of Semester Examination
Short answer questions covering Topics 6 to 12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Berk, Jonathan & Demarzo, Peter, (2020), Corporate Finance, Global Edition (5th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
Engineers Australia Stage 1 Competency Standard for Professional Engineer
3: Professional and Personal Attributes
Relates to: Valuation Project
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, End of Semester Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Valuation Project
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Valuation Project
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Valuation Project
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Valuation Project
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2, Valuation Project - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Valuation Project - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Valuation Project - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: Valuation Project
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
Unit Outline: Semester 1 2025, Online
| Unit code: | EFB343 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB210 |
| Equivalent: | EFX343 |
| Anti-requisite: | EFB307 |
Overview
This unit extends the knowledge and skills introduced in earlier finance units to the corporate finance context. It provides an in-depth analysis of the sustainable financial management of a business organisation and advances frameworks necessary for the analysis of the more advanced aspects of domestic and international business finance. The further specialisation of financial management knowledge and skills this unit provides equips students wishing to pursue a career in finance with a valuable applied skill set. Topics examined include: working capital management, capital investment decisions, issuance of corporate securities and capital structure, payout policy, mergers and acquisitions, and financial restructuring.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate, analyse and apply knowledge of the finance theories, practices and markets used by financial managers when deciding how to efficiently and sustainably raise, manage and invest capital. [KS 1.1, HO 2.1]
- Apply knowledge, judgement, technical and technological skills to identify, critically analyse and solve problems related to the decisions of the financial manager. [KS 1.1, 1.2, HO 2.2]
- Demonstrate written communication skills, including the use of technical and non-technical materials, to effectively structure, present and explain financial data, information and ideas. [PC 3.1]Relates to: UG Business Capabilities: PC (3.1)
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [TS 4.1]Relates to: UG Business Capabilities: TS (4.1)
Content
The initial focus of this unit is to review the firm's objectives, the role of the financial manager and some of the fundamental skills covered in EFB210 Finance 1. It then advances students' knowledge and skills by looking at topics related to corporate governance, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and restructuring.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit consists of a weekly two hour lecture and one hour tutorial, with tutorials providing the opportunity to discuss and apply the materials presented in the lectures.
The unit employs a range of case studies to teach, apply and assess materials. As an example, students will complete the valuation of a major project, assess the implications of a firm's capital restructuring and critically analyse the rationale managers provide when they acquire other firms. The inherent complexities of these cases mean that lecture and tutorial attendance is essential to develop the ability to apply the knowledge and skills taught.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal:in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment)
- demonstrate your learning in order to achieve a final grade (summative assessment)
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-Semester Exam
Multiple choice exam covering Topics 1 to 5
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Valuation Project
Students will be provided with a significant case study where they must provide analytical information related to the feasibility of a major capital investment and the way in which the investment is to be funded. Students will write a report summarising the case and the results of the analysis conducted.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: End of Semester Examination
Short answer questions covering Topics 6 to 12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Berk, Jonathan & Demarzo, Peter, (2020), Corporate Finance, Global Edition (5th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
Engineers Australia Stage 1 Competency Standard for Professional Engineer
3: Professional and Personal Attributes
Relates to: Valuation Project
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, End of Semester Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Valuation Project
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Valuation Project
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Valuation Project
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Valuation Project
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2, Valuation Project - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Valuation Project - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Valuation Project - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: Valuation Project
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
Unit Outline: Semester 2 2025, Gardens Point, Internal
| Unit code: | EFB343 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB210 |
| Equivalent: | EFX343 |
| Anti-requisite: | EFB307 |
| Coordinator: | Nisansala Kulathunga | n.kulathunga@qut.edu.au |
Overview
This unit extends the knowledge and skills introduced in earlier finance units to the corporate finance context. It provides an in-depth analysis of the sustainable financial management of a business organisation and advances frameworks necessary for the analysis of the more advanced aspects of domestic and international business finance. The further specialisation of financial management knowledge and skills this unit provides equips students wishing to pursue a career in finance with a valuable applied skill set. Topics examined include: working capital management, capital investment decisions, issuance of corporate securities and capital structure, payout policy, mergers and acquisitions, and financial restructuring.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate, analyse and apply knowledge of the finance theories, practices and markets used by financial managers when deciding how to efficiently and sustainably raise, manage and invest capital. [KS 1.1, HO 2.1]
- Apply knowledge, judgement, technical and technological skills to identify, critically analyse and solve problems related to the decisions of the financial manager. [KS 1.1, 1.2, HO 2.2]
- Demonstrate written communication skills, including the use of technical and non-technical materials, to effectively structure, present and explain financial data, information and ideas. [PC 3.1]Relates to: UG Business Capabilities: PC (3.1)
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [TS 4.1]Relates to: UG Business Capabilities: TS (4.1)
Content
The initial focus of this unit is to review the firm's objectives, the role of the financial manager and some of the fundamental skills covered in EFB210 Finance 1. It then advances students' knowledge and skills by looking at topics related to corporate governance, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and restructuring.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit consists of a weekly two hour lecture and one hour tutorial, with tutorials providing the opportunity to discuss and apply the materials presented in the lectures.
The unit employs a range of case studies to teach, apply and assess materials. As an example, students will complete the valuation of a major project, assess the implications of a firm's capital restructuring and critically analyse the rationale managers provide when they acquire other firms. The inherent complexities of these cases mean that lecture and tutorial attendance is essential to develop the ability to apply the knowledge and skills taught.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal:in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment)
- demonstrate your learning in order to achieve a final grade (summative assessment)
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-Semester Exam
Multiple choice exam covering Topics 1 to 5
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Valuation Project
Students will be provided with a significant case study where they must provide analytical information related to the feasibility of a major capital investment and the way in which the investment is to be funded. Students will write a report summarising the case and the results of the analysis conducted.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: End of Semester Examination
Short answer questions covering Topics 6 to 12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Berk, Jonathan & Demarzo, Peter, (2020), Corporate Finance, Global Edition (5th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
Engineers Australia Stage 1 Competency Standard for Professional Engineer
3: Professional and Personal Attributes
Relates to: Valuation Project
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, End of Semester Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Valuation Project
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Valuation Project
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Valuation Project
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Valuation Project
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2, Valuation Project - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Valuation Project - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Valuation Project - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: Valuation Project
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
Unit Outline: Semester 2 2025, Online
| Unit code: | EFB343 |
|---|---|
| Credit points: | 12 |
| Pre-requisite: | EFB210 |
| Equivalent: | EFX343 |
| Anti-requisite: | EFB307 |
Overview
This unit extends the knowledge and skills introduced in earlier finance units to the corporate finance context. It provides an in-depth analysis of the sustainable financial management of a business organisation and advances frameworks necessary for the analysis of the more advanced aspects of domestic and international business finance. The further specialisation of financial management knowledge and skills this unit provides equips students wishing to pursue a career in finance with a valuable applied skill set. Topics examined include: working capital management, capital investment decisions, issuance of corporate securities and capital structure, payout policy, mergers and acquisitions, and financial restructuring.
Learning Outcomes
On successful completion of this unit you will be able to:
- Demonstrate, analyse and apply knowledge of the finance theories, practices and markets used by financial managers when deciding how to efficiently and sustainably raise, manage and invest capital. [KS 1.1, HO 2.1]
- Apply knowledge, judgement, technical and technological skills to identify, critically analyse and solve problems related to the decisions of the financial manager. [KS 1.1, 1.2, HO 2.2]
- Demonstrate written communication skills, including the use of technical and non-technical materials, to effectively structure, present and explain financial data, information and ideas. [PC 3.1]Relates to: UG Business Capabilities: PC (3.1)
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [TS 4.1]Relates to: UG Business Capabilities: TS (4.1)
Content
The initial focus of this unit is to review the firm's objectives, the role of the financial manager and some of the fundamental skills covered in EFB210 Finance 1. It then advances students' knowledge and skills by looking at topics related to corporate governance, capital investment decisions (including: estimation of required rates of return, sensitivity and scenario analysis, and the valuation of real options), issuance of corporate securities and capital structure, payout policy, mergers and restructuring.
QUT Business Capabilities (Undergraduate)
The content and assessment in this unit are aligned to a selection of the following set of QUT Business Capabilities, also known as Assurance of Learning Goals (AoLs). Developing these capabilities will assist you to meet the desired graduate outcomes set at QUT and equip you with the knowledge and skills to succeed in your chosen career.
Knowledge and Technological Skills (KS)
1.1 Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
1.2 Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Higher Order Thinking (HO)
2.1 Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Professional Communication (PC)
3.1 Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Teamwork and Self (TS)
4.1 Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
4.2 Apply teamwork knowledge and skills for effective collaboration across diverse purposes and contexts.
Social, Ethical and Global Understanding (SE)
5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues.
5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.
Learning Approaches
This unit consists of a weekly two hour lecture and one hour tutorial, with tutorials providing the opportunity to discuss and apply the materials presented in the lectures.
The unit employs a range of case studies to teach, apply and assess materials. As an example, students will complete the valuation of a major project, assess the implications of a firm's capital restructuring and critically analyse the rationale managers provide when they acquire other firms. The inherent complexities of these cases mean that lecture and tutorial attendance is essential to develop the ability to apply the knowledge and skills taught.
Feedback on Learning and Assessment
Students will receive feedback in various forms throughout the semester which may include:
- Informal: worked examples, such as verbal feedback in class, personal consultation
- Formal:in writing, such as checklists (e.g. criteria sheets), written commentary
- Direct: to individual students, either in written form or in consultation
- Indirect: to the whole class
Assessment
Overview
The assessment in this unit aims to support your achievement of the unit learning outcomes and course assurance of learning goals. The assessment has been designed in order to allow you to:
- receive feedback on your learning as you progress toward the development of knowledge, understanding, skills and attitudes (formative assessment)
- demonstrate your learning in order to achieve a final grade (summative assessment)
Students may be required to attend campus or an assessment centre for the purposes of assessment, regardless of the attendance mode for the unit.
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Mid-Semester Exam
Multiple choice exam covering Topics 1 to 5
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1)
Assessment: Valuation Project
Students will be provided with a significant case study where they must provide analytical information related to the feasibility of a major capital investment and the way in which the investment is to be funded. Students will write a report summarising the case and the results of the analysis conducted.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
This assignment is eligible for the 48-hour late submission period and assignment extensions.
Assessment: End of Semester Examination
Short answer questions covering Topics 6 to 12.
Formative or Summative: Summative
Business Capabilities (AoL goals): KS (1.1), HO (2.1)
Academic Integrity
Academic integrity is a commitment to undertaking academic work and assessment in a manner that is ethical, fair, honest, respectful and accountable.
The Academic Integrity Policy sets out the range of conduct that can be a failure to maintain the standards of academic integrity. This includes, cheating in exams, plagiarism, self-plagiarism, collusion and contract cheating. It also includes providing fraudulent or altered documentation in support of an academic concession application, for example an assignment extension or a deferred exam.
You are encouraged to make use of QUT’s learning support services, resources and tools to assure the academic integrity of your assessment. This includes the use of text matching software that may be available to assist with self-assessing your academic integrity as part of the assessment submission process.
Breaching QUT’s Academic Integrity Policy or engaging in conduct that may defeat or compromise the purpose of assessment can lead to a finding of student misconduct (Code of Conduct – Student) and result in the imposition of penalties under the Management of Student Misconduct Policy, ranging from a grade reduction to exclusion from QUT.
Resources
Resource Materials
Prescribed text(s)
Berk, Jonathan & Demarzo, Peter, (2020), Corporate Finance, Global Edition (5th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with lectures or tutorials in this unit.
You should, however, familiarise yourself with evacuation procedures operating in the buildings in which you attend classes and take the time to view the Emergency video.
Standards/Competencies
This unit is designed to support your development of the following standards\competencies.
Engineers Australia Stage 1 Competency Standard for Professional Engineer
3: Professional and Personal Attributes
Relates to: Valuation Project
QUT Business Capabilities (Undergraduate)
HO (2.1): Critical Analysis
Relates to: ULO1, End of Semester Examination
HO (2.2): Independent Judgement and Decision-Making
Relates to: ULO2, Valuation Project
KS (1.1): Discipline Knowledge
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination
KS (1.2): Technical and Technological Skills
Relates to: ULO2, Valuation Project
PC (3.1): Professional Communication (Written)
Relates to: ULO3, Valuation Project
TS (4.1): Self-Reflection and Accountability
Relates to: ULO4, Valuation Project
Course Learning Outcomes
This unit is designed to support your development of the following course/study area learning outcomes.BS05 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, Mid-Semester Exam, Valuation Project, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2, Valuation Project - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2, Valuation Project - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3, Valuation Project - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: Valuation Project
BS06 Bachelor of Business
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4
BS08 Bachelor of Business - International
- Demonstrate and apply integrated discipline (including technical) knowledge across the broad field of business with depth in one or more core business disciplines.
Relates to: ULO1, ULO2, End of Semester Examination - Apply technical and technological skills appropriate and effective for real world business purposes and contexts.
Relates to: ULO2 - Investigate real world business issues and situations through the effective analysis, evaluation and synthesis of theory and practice.
Relates to: ULO1, End of Semester Examination - Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Relates to: ULO2 - Use information literacy skills, and communicate effectively and professionally in written forms and using media appropriate for diverse purposes and contexts.
Relates to: ULO3 - Exercise self-reflection, responsibility and accountability in relation to own learning and professional practice.
Relates to: ULO4