BFF5250 · Applied corporate finance

Overview

This unit covers different aspects of corporate treasury management for non-financial firms, including corporate financing, liquidity and cash management, and risk management. Furthermore, the unit considers recent issues confronting treasurers or financial managers, such as corporate governance and financial innovations.

Offerings

Assessment

The Handbook lists an examination for this unit.

Assessment details may change. Please refer to the assessment information in Moodle closer to the start of the teaching period.

Requisites

Learning outcomes

1. design corporate treasury as a strategic business unit with clear structure, roles, functions and control systems
2. design a risk management framework that reflects the risk appetite of the firm
3. design risk management strategies including hedging techniques for commodity, interest rate and foreign exchange risk management
4. design sensitivity analysis, scenario analysis, stress testing approaches and apply real option analysis to assist corporate treasurers to analyse investment projects
5. design structured and option embedded debt and equity products with emphasis on pricing and market considerations
6. appraise empirical approaches to net working capital management and liquidity management and the treasurer's role in managing profit-risk trade-off
7. debate empirical estimation of 'optimal' capital structure and the treasurer's role in optimising debt-equity mix using both short and long term funding
8. debate Australia's dividend imputation tax system and its implications for corporate treasury goals and operations
9. evaluate treasury management systems and other decision support systems
10. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with corporate treasury management and demonstrate in both individual and group summative assessment tasks the acquisition of a comprehensive understanding of the topics covered by BFF5250.

Workload

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. You are expected to complete all pre-class activities prior to your scheduled class, and post-class activities should be completed after your scheduled class. Learning activities may include a combination of teacher directed, peer directed and online engagement activities.

Student experience, not official rules. Nothing here changes what the Handbook says.