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 |
|
Unit Outline: Semester 1 2027, 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 equips you for 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]
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [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 Fundamentals of Finance. It then advances your 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 lecture and 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)
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Case study analysis
You will examine a case study and assess possible recommendations. You will apply concepts learned throughout the course to identify the most appropriate approach. Your proposed solution should be communicated clearly and concisely in a written report intended for review by a senior decision-maker.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1)
Assessment: Valuation Project
You will explore the principles behind evaluating organisational decisions and understand the processes involved in gathering relevant information, recognising the limitations of analytical methods, and assessing the role of uncertainty in decision-making. This project is designed to help you develop research capabilities, strengthen analytical thinking, and enhance time management skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
Assessment: End of Semester Examination
This examination will assess your understanding of Topics 6 to 12 covered throughout semester, including your ability to apply this understanding to workplace issues.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
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 (6th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with learning and teaching activities in this unit.
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
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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, Valuation Project, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2, Valuation Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis, Valuation Project - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis, Valuation Project - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4, 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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2 - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4
Unit Outline: Semester 1 2027, 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 equips you for 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]
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [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 Fundamentals of Finance. It then advances your 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 lecture and 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)
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Case study analysis
You will examine a case study and assess possible recommendations. You will apply concepts learned throughout the course to identify the most appropriate approach. Your proposed solution should be communicated clearly and concisely in a written report intended for review by a senior decision-maker.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1)
Assessment: Valuation Project
You will explore the principles behind evaluating organisational decisions and understand the processes involved in gathering relevant information, recognising the limitations of analytical methods, and assessing the role of uncertainty in decision-making. This project is designed to help you develop research capabilities, strengthen analytical thinking, and enhance time management skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
Assessment: End of Semester Examination
This examination will assess your understanding of Topics 6 to 12 covered throughout semester, including your ability to apply this understanding to workplace issues.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
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 (6th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with learning and teaching activities in this unit.
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
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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, Valuation Project, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2, Valuation Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis, Valuation Project - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis, Valuation Project - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4, 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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2 - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4
Unit Outline: Semester 2 2027, 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 equips you for 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]
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [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 Fundamentals of Finance. It then advances your 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 lecture and 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)
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Case study analysis
You will examine a case study and assess possible recommendations. You will apply concepts learned throughout the course to identify the most appropriate approach. Your proposed solution should be communicated clearly and concisely in a written report intended for review by a senior decision-maker.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1)
Assessment: Valuation Project
You will explore the principles behind evaluating organisational decisions and understand the processes involved in gathering relevant information, recognising the limitations of analytical methods, and assessing the role of uncertainty in decision-making. This project is designed to help you develop research capabilities, strengthen analytical thinking, and enhance time management skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
Assessment: End of Semester Examination
This examination will assess your understanding of Topics 6 to 12 covered throughout semester, including your ability to apply this understanding to workplace issues.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
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 (6th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with learning and teaching activities in this unit.
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
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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, Valuation Project, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2, Valuation Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis, Valuation Project - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis, Valuation Project - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4, 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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2 - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4
Unit Outline: Semester 2 2027, 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 equips you for 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]
- Demonstrate the ability to exercise self-reflection in relation to learning and professional practice. [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 Fundamentals of Finance. It then advances your 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 lecture and 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)
Unit Grading Scheme
7- point scale
Assessment Tasks
Assessment: Case study analysis
You will examine a case study and assess possible recommendations. You will apply concepts learned throughout the course to identify the most appropriate approach. Your proposed solution should be communicated clearly and concisely in a written report intended for review by a senior decision-maker.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Summative and Formative
Business Capabilities (AoL goals): KS (1.1), HO (2.2), PC (3.1)
Assessment: Valuation Project
You will explore the principles behind evaluating organisational decisions and understand the processes involved in gathering relevant information, recognising the limitations of analytical methods, and assessing the role of uncertainty in decision-making. This project is designed to help you develop research capabilities, strengthen analytical thinking, and enhance time management skills.
This assignment is eligible for the 48-hour late submission period and assignment extensions.
The ethical and responsible use of generative artificial intelligence (GenAI) tools is authorised in this assessment. See the relevant assessment details in Canvas for specific guidelines.
Formative or Summative: Formative and Summative
Business Capabilities (AoL goals): KS (1.1, 1.2), HO (2.2), PC (3.1), TS (4.1)
Assessment: End of Semester Examination
This examination will assess your understanding of Topics 6 to 12 covered throughout semester, including your ability to apply this understanding to workplace issues.
The use of generative artificial intelligence (GenAI) tools is prohibited during this assessment.
This invigilated examination requires attendance on campus or at an assessment centre, regardless of your attendance mode for the unit.
This assessment item is Verified Identity Assessment. Requirements are provided on the Unit Canvas site.
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 (6th Edition),Pearson Higher Ed USA
Risk Assessment Statement
There are no out-of-the-ordinary risks associated with learning and teaching activities in this unit.
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
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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, Valuation Project, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2, Valuation Project - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis, Valuation Project - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis, Valuation Project - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4, 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 business knowledge, combining disciplinary depth and interdisciplinary insight, to address complex and evolving business challenges.
Relates to: ULO1, ULO2, Case study analysis, End of Semester Examination - Apply technical and digital capabilities, including emerging technologies such as AI, and data analytics, to solve real-world business problems and drive innovation and transformation.
Relates to: ULO2 - Investigate complex business issues by critically analysing, evaluating, and synthesising theory and practice to generate evidence-based insights.
Relates to: ULO1, End of Semester Examination - Exercise independent judgment and initiative to adapt and apply knowledge and skills for strategic planning, creative problem-solving, and effective decision-making in diverse, dynamic, and technology-enabled contexts.
Relates to: ULO2, Case study analysis - Communicate effectively and professionally in written forms, demonstrating information literacy and the ability to craft clear, purposeful, and audience-appropriate messages using suitable media and formats across diverse business contexts.
Relates to: ULO3, Case study analysis - Engage in reflective practice and demonstrate responsibility and accountability for your own learning, professional development, and performance in a rapidly changing world of work.
Relates to: ULO4