Syllabus FINA1310 2021 PDF

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i love corporate finance like. It was my fist lecture for this year and the professor sucks yeah....

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University of Hong Kong FINA1310: Corporate Finance Course syllabus Fall 2021 Instructor: Dr. Alexandr Kopytov Email: [email protected] Office: K.K. 912 Office hours: Mondays 18:00 to 19:00 or by appointment

Teaching assistants: 

Frankie Ho, [email protected], office hours: TBA



Annie Wong, TBA, office hours: TBA

Tutorial sessions will start in the week of September, 20. Time and location TBA. Recordings will be uploaded to Moodle.

Course website: HKU Moodle

Course description: This is an introductory finance course that develops the basic concepts and tools applicable to corporate financial decisions. Two main tasks of financial managers are studied: project evaluation and financing decisions. Specific topics include present value calculation, valuation of stocks and bonds, investment criteria and capital budgeting, risk and return, cost of capital, and capital structure. Corporate ethics is also incorporated in the discussions.

Course objective: 1. To introduce basic concepts, tools and theories in finance. 2. To train financial decision making abilities in corporate and personal finance. 3. To prepare students for their next level finance courses.

Course prerequisite: Pre-requisites: ACCT1101 Introduction to financial accounting Co-requisites: None

Textbook: Ross, Westerfield, Jordan, Lim and Tan, Fundamentals of Corporate Finance, Second Edition, McGraw-Hill Education, 2016

Grades: Home Assignments: 15% Midterm: 20% Final Exam: 55% Class Participation: 10%

Class organization: I. Lectures: 

FINA1310 A/B/C are held face-to-face for the whole semester unless notified otherwise by the University later.



Class location and timing: o Subclass A: Mondays, 9:30 to 12:20, KK102 o Subclass B: Fridays, 14:30 to 17:20, CYPP4 o Subclass C: Mondays, 14:30 to 17:20 LE2



One of the lectures will be recorded and uploaded to Moodle. Slides in pdf will be posted as well.



There will be an optional online review session (date and time TBA) before the final exam.

II. Participation and engagement Participation grades will reflect students’ activity during face-to-face classes and tutorial sessions. Students that cannot come to Hong Kong due to pandemic situation (subclass 1A1) can

either earn participation scores by attending office hours virtually, communicating with the instructor and/or TAs via emails, or choose to increase the weight of the final exam in the overall assessment (that is, the weight of the final will be 65% instead of 55%). Students in this subclass should notify the instructor about their choice by September 20.

III. Homework assignments: There will be four home assignments. Students are supposed to work in groups of no more than four people on the assignments (one submission per group is expected). The deadline for the group formation is the week of September 20 (precise date/time are TBA). If a student has problems with forming a group, he/she should let TA or instructor know as soon as possible. Once formed, students are not allowed to change their groups. See Tentative Timetable for approximate dates of assignment deadlines. Specific dates/times are TBA.

IV. Midterm and final: Exams are closed book and held face-to-face. For students in subclass 1A1 (those who cannot be in Hong Kong due to pandemic situation), there will be special arrangements. Students are allowed to use financial or other non-programmable calculators. Please refer to the following list of

calculators

that

can

be

used

during

the

exams:

http://www.exam.hku.hk/pdf/list.of.cal_092019.pdf. Excel/other software are not allowed during the exams. The midterm will be held during the week of October, 18 (specific date/time TBA). The final exam date will be determined later by the exam office. The midterm focuses on the topics covered by the reading week, and the final exam covers all topics. Academic Integrity: Every HKU student is responsible for upholding the provisions of the University Regulations on Academic Dishonesty, which addresses the University’s policy on academic honesty, including provisions regarding plagiarism (see http://www.hku.hk/plagiarism/ for definitions) and cheating, unauthorized access to University materials, misrepresentation/falsification of University records or academic work, malicious removal, or destruction of materials, malicious/intentional misuse of computer facilities and/or services, and misuse of student identification cards. Incidents of alleged academic misconduct will be handled through the established procedures of the

University Board of Examiners and the Senate, which includes either an informal resolution by a faculty member, resulting in a grade adjustment, or a formal hearing procedure, which may subject a student to a minimum one semester suspension requirement.

Appendix: Tentative Timetable for Subclasses A and C (Monday classes)* Week

Topics

1: Aug 30—Sep 5

No class

2: Sep 6—Sep 12

Introduction to Corporate Finance

Ch 1

3: Sep 13—Sep 19

Time Value of Money

Ch 5

4: Sep 20—Sep 26

Discounted Cash Flow Valuation

Ch 6

5: Sep 27—Oct 3

Bond and Stock Valuation

Ch 7, 8

6: Oct 4—Oct 10

Risk and Return

Ch 12

HA1

7: Oct 11—Oct 17

Reading Week

8: Oct 18—Oct 24

CAPM and SML

Ch 13

Midterm: weeks 1—6

9: Oct 25—Oct 31

Investment Criteria

Ch 9

HA2

10: Nov 1—Nov 7

Capital Investment Decisions

Ch 10, 2

11: Nov 8—Nov 14

Project Evaluation

Ch 11

12: Nov 15—Nov 21

Cost of Capital

Ch 14

13: Nov 22—Nov 28

Capital Structure and Raising Capital

Ch 16, 15

Dec 1—Dec 7

Revision Period

Review session

Dec 12—Dec 23

Assessment Period

Final Exam

*The timetable is subject to adjustments.

Book chapter(s)

Deadlines/Events

Tutorials start; HA groups should be formed

HA3

HA4

Appendix: Tentative Timetable for Subclass B (Friday classes)* Week

Topics

Book chapter(s)

1: Aug 30—Sep 5

Introduction to Corporate Finance

Ch 1

2: Sep 6—Sep 12

Time Value of Money

Ch 5

3: Sep 13—Sep 19

Discounted Cash Flow Valuation

Ch 6

4: Sep 20—Sep 26

Bond and Stock Valuation

Ch 7, 8

Tutorials start; HA groups should be formed

5: Sep 27—Oct 3

No class

6: Oct 4—Oct 10

Risk and Return

Ch 12

HA1

7: Oct 11—Oct 17

Reading Week

8: Oct 18—Oct 24

CAPM and SML

Ch 13

Midterm: weeks 1—6

9: Oct 25—Oct 31

Investment Criteria

Ch 9

HA2

10: Nov 1—Nov 7

Capital Investment Decisions

Ch 10, 2

11: Nov 8—Nov 14

Project Evaluation

Ch 11

12: Nov 15—Nov 21

Cost of Capital

Ch 14

13: Nov 22—Nov 28

Capital Structure and Raising Capital

Ch 16, 15

Dec 1—Dec 7

Revision Period

Review session

Dec 12—Dec 23

Assessment Period

Final Exam

*The timetable is subject to adjustments.

Deadlines/Events

HA3

HA4...