BFC2140 Corporate Finance 1 (2023)
Difficulty:
Year Completed: Semester 1, 2023
Prerequisite: ECC1000
(or ECW1101, or ECB1101, or ECF1100, or ECX2953)
Exemption:
CB1 Business Finance
ACC1100 (50%), BFC2140 (50%)
Weighted average of 70% required. Minimum of 60% required for each unit.
Mean Setu Score: 85.78%
Clarity of Learning Outcomes: 90.91%
Clarity of Assessments: 92.93%
Feedback: 74.75%
Resources: 84.69%
Engagement: 86.87%
Satisfaction: 84.54%
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
The following topics were discussed during the course of the unit:
Introduction to Business Finance
Financial Mathematics
Valuation of Bonds and Equities
Capital Budgeting I: Techniques for Evaluation
Capital Budgeting II: Cash Flow Analysis and Replacement Decision
Capital Budgeting III: A Complete View
Short Term Financing
Risk and Return
Cost of Capital
Capital Structure
Market Efficiency
Payout Policy
2 x 1 hour lecture
1 x 1 hour tutorial
The textbook "Fundamentals of Corporate Finance" by Jonathan Berk, Peter DeMarzo, Jarrad Harford, Guy Ford, Vito Mollica was listed as a requirement for this unit. However, it's worth noting that the lectures comprehensively cover all the necessary materials to succeed in the course. Therefore, it is possible to do well in the unit without relying on the textbook extensively.
Post-lecture Quiz - 20%
Mid-Semester Test - 30%
Final Exam - 50% (hurdle requirement of 45%)
Comments
In summary, this unit offers a manageable workload, with success hinging on staying current with lectures and understanding the content.
There were no on-campus lectures, which impacted the overall engagement level. Although there were a few quizzes during the lectures, they were primarily theory-based, with limited examples covered.
The tutorials were valuable, and attending them was essential because they provided step-by-step explanations for most calculations, unlike the lectures which offered a more general approach. While no new material was introduced in the tutorials, it was beneficial to attempt the tutorial questions beforehand to enhance comprehension of the topics covered.
There aren't many assessments in this unit. The mid-semester test is a Moodle quiz comprising 20 multiple-choice questions, with no room for lenient marking. A practice quiz is provided to help prepare for it. Similarly, the online quiz through Pearson also allows only one correct answer per question, leaving no room for leniency. To prepare for these assessments, It is recommended to focus on solving tutorial questions and thoroughly studying the lecture slides.
The final exam closely resembled the tutorial questions for the unit, which greatly assisted in preparation. Its recommended that students practice the tutorial questions thoroughly to gain speed and confidence in answering exam questions. A financial calculator is permitted so practice in using the functions on the calculator would help ensure that students do not run into time trouble. Ultimately, if students actively engaged in the unit, the exam should not be too difficult.
Overall, regularly attending the lectures, completing online quizzes, working through tutorial questions, and practicing calculations will significantly ease the path to passing the unit.
General Overview:
Lectures:
Tutorials:
Assessments/Other Assessments
Exam
Concluding Remarks