Advanced Corporate Finance (FIN303)
Vietnamese title: Tài chính doanh nghiệp nâng cao
Credits: 3
Prerequisites: FIN202

Description:
The course provides students with continuous corporate finance theories relating to a firm's financial decision, working capital management, how to manage its financial performance more effectively to survive competition and takeover in a practical environment.
Upon successful completion, students will have the knowledge and skills to:
* Discuss theories and practices of capital structure selection, and payout policy;
* Discuss practices to optimize the use of net working capital;
* Design a long-term financial plan for an organization;
* Critically evaluate finance theories, concepts, assumptions, limitations and arguments.
Topics include: Capital Budgeting, Capital Rationing and The Cost of Capital, Working Capital Management, Capital Raising for a Firm, Financial Planning and Forecasting, Capital Structure and Dividend Policy, Corporate Risk Management.

Learning outcomes:
Evaluate investment and financing decisions
Explain the implications of theory for practical financial management
Compare various models of investment decision making under uncertainty
Distinguish various types of corporate risk and hedging management choice
Apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with advanced corporate finance and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered in corporate finance.
Practice ability to work collaboratively within a team to prepare to prepare a clear oral report and/or academic written report

Student tasks:
- Class attendance is strongly encouraged. Attend at least 80% of class hours in order to be accepted to the final examination
- Actively participate in class activities
- Fulfill tasks given by instructor after class
- Use their own laptop in class only for learning purpose
- Read the textbook in advance
- Access the course website (http://flm.fpt.edu.vn) for up-to-date information and material of the course, for online supports from teachers and other students and for practicing and assessment.

Tools:
- Internet
- Use of AI: students are permitted to utilise AI tools to assist with class discussions on the Edunext platform and to support content outlining and slide preparation for both individual and group assignments.

Materials:
description: Fundamentals of Corporate Finance
author: Robert Parrino, Thomas Bates, Stuart L. Gillan, David S. Kidwell
publisher: Wiley
published_date: 2022
edition: 5th, International Adaptation
isbn: ISBN: 978-1-119-79544-5
note: Wiley - Vital Source
description: Fundamentals of Corporate Finance
author: Robert Parrino, David KidWell
publisher: John Wiley
published_date: 2012
edition: 2nd
description: Fundamentals of Corporate Finance
author: Robert Parrino, David KidWell
publisher: John Wiley
published_date: 2009
description: AI For Everyone
author: Deep Learning AI
publisher: Deep Learning AI & Coursera
note: https://www.coursera.org/learn/ai-for-everyone
description: Introduction to Artificial Intelligence (AI)
author: IBM
publisher: IBM & Coursera
note: https://www.coursera.org/specializations/ai-foundations-for-everyone

Assessments:
category: Class Participation
type: on-going
weight: 10.0
no_question: Each student should make at least 1 individual presentation during the course in front of the class. Topics will be varied based on the topics in the textbook. In addition, students are required to do exercises and other activities
category: Essay test
type: on-going
weight: 15.0
duration: In class (60 minutes)
question_type: CLO1, CLO2, CLO3, CLO4
no_question: essay questions
Problem solving exercises
knowledge_and_skill: Problem solving of 2 separate questions/exercises
grading_guide: All topics, knowledge, skills covered in the classes
category: Group Assignment
type: on-going
weight: 20.0
duration: OP1: Presentation in class and report submission; OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: CLO1, CLO2, CLO3, CLO4, CLO5, CLO6
no_question: Suggestion: Students are required to prepare a financial planning or a report on a practical issue (eg: cash holding, inventory management, etc)
knowledge_and_skill: OP1: Case study, Practical issueOP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: Comprehensive reading, understanding issues, presenting problems,Personal qualities: Individual responsibility, self-esteem, sociability, self-management, and integrity.
note: By instructor
category: Individual Assignment
type: on-going
weight: 10.0
duration: OP1: report submission; OP2: (For Constructivism Approach only): Follow lecturer's proposal
question_type: CLO1, CLO2, CLO5
no_question: Suggestion: Students are required to prepare a report on a practical issue (eg: IPO procedures and requirements in Vietnam, IPO of companies, dividend policy in companies...)
knowledge_and_skill: OP1: Case study, Practical issueOP2: (For Constructivism Approach only): Follow lecturer's proposal
grading_guide: Integration of studied knowledge and skills
note: As solution
category: Mid-term test (MT)
type: on-going
weight: 15.0
duration: In class (60 minutes)
question_type: CLO1, CLO5
no_question: Comprehensive exercises
knowledge_and_skill: 2-4 problems
grading_guide: Chapters covered so far
note: By instructor in the class
category: Final exam
type: Final exam
weight: 30.0
duration: 60 minutes
question_type: CLO1, CLO2, CLO3, CLO4
no_question: Critical thinking or analytical multiple choices
knowledge_and_skill: 50 MC questions
grading_guide: All topics, knowledge, skills covered in the classes
note: By Exam board

Schedule:
session: - Course Introduction
- Introduction to AI Integration
learning_outcomes: I
materials: FIN303_chap1-10
session: Review: Valuation of future cash flows and Capital Budgeting decisions
Chapter 5, 6, 8
learning_outcomes: T
U
materials: FIN303_chap11-20
session: Review (cont): Valuation of future cash flows and Capital Budgeting decisions
Chapter 9, 10, 11
learning_outcomes: T
U
session: Chapter 7: Risk and return
7.1 Risk and return
7.3 The variance and standard deviation as measure of risk
learning_outcomes: I
T
session: Chapter 7 (cont)
7.4 Risk and deversification
7.5 Systematic risk
learning_outcomes: I
T
session: Chapter 7 (cont)
7.6 Compensation for bearing systematic risk
7.7 The CAPM
learning_outcomes: I
T
session: Chapter 13: The Cost of Capital.
13.1 The Firmís Overall Cost of Capital
learning_outcomes: I
T
session: Chapter 13 (cont): The Cost of Capital.
13.2 The Cost of Debt
learning_outcomes: I
T
session: Chapter 13 (cont): The Cost of Capital.
13.2 The Cost of Debt
learning_outcomes: I
T
session: Chapter 13 (cont): The Cost of Capital.
13.3 The Cost of Equity
learning_outcomes: T
U
session: Chapter 13 (cont): The Cost of Capital.
13.4 Using the WACC in Practice
learning_outcomes: T
U
session: Individual Assignment Guidelines
learning_outcomes: U
session: Chapter 15: How Firms Raise Capital.
15.1 Bootstrapping
15.2 Venture Capital.
learning_outcomes: I
T
session: Chapter 15 (cont): How Firms Raise Capital.
15.3 Initial Public Offering.
15.4 IPO Pricing and Cost.
learning_outcomes: I
T
session: Chapter 15 (cont): How Firms Raise Capital.
15.5 General Cash Offer by a Public Company
15.6 Private Markets
15.7 Commercial Bank Loans
learning_outcomes: T
U
session: Progress Review-Chap 7, 13, 15
learning_outcomes: U
session: Progress Review-Chap 7, 13, 15
learning_outcomes: U
session: Progress Review-Chap 7, 13, 15
learning_outcomes: U
session: Chapter 16: Capital Structure Policy
16.1 Capital Structure and Firm Value.
learning_outcomes: I
T
session: Chapter 16 (cont): Capital Structure Policy
16.2 The Benefits and Costs of Using Debt.
learning_outcomes: I
T
session: Chapter 16 (cont): Capital Structure Policy
16.3 Two Theories of Capital Structure
16.4 Practical Considerations in Choosing a Capital Structure
learning_outcomes: I
T
session: Chapter 17: Dividends and Dividend Policy.
17.1 Dividends
17..2 Stock Repurchases.
17.3 Dividends and Firm Value
learning_outcomes: I
T
session: Chapter 17 (cont): Dividends and Dividend Policy.
17.4 Stock Dividends and Stock Splits.
17.5 Setting a Dividend Policy.
learning_outcomes: I
T
session: Chapter 17: (con)
Practice, find out dividend policy of some listed companies
learning_outcomes: T
U
session: Progress Review-Chap 16, 17
learning_outcomes: U
session: Progress Review-Chap 16, 17
learning_outcomes: U
session: Group Assignment Guidelines
learning_outcomes: U
session: Midterm Test (chap 13,15,16,17)
learning_outcomes: U
session: Midterm Test (chap 13,15,16,17)
learning_outcomes: U
session: Assignment Discussion
learning_outcomes: U
session: Chapter 14: Working Capital Management.
14.1 Working Capital Basics
14.2 The Operating and Cash Conversion Cycles.
learning_outcomes: I
T
session: Chapter 14 (cont): Working Capital Management.
14.3 Working Capital Investment Strategies.
14.4 Accounts Receivable.
learning_outcomes: I
T
session: Chapter 14 (cont)
14.5 Inventory Management.
14.6 Cash Management and Budgeting.
learning_outcomes: I
T
session: Chapter 14 (cont)
14.7 Financing Working Capital
learning_outcomes: I
T
session: Chapter 14: Practice
learning_outcomes: T
U
session: Chapter 14: Practice (cont)
learning_outcomes: T
U
session: Chapter 19: Financial planning and forecasting
19.1 Financial planning
19.2 Financial planning models
learning_outcomes: I
T
session: Chapter 19 (cont): Financial planning and forecasting
19.3 A better financial planning model
19.4 Beyond the basic planning models
learning_outcomes: I
T
session: Chapter 19 (cont)
19.5 Managing and financing growth
learning_outcomes: I
T
session: Chapter 19: (cont)
Practice, guideline on using excel
learning_outcomes: T
U
session: Chapter 19: (cont)
Practice, guideline on using excel
learning_outcomes: T
U
session: Individual assignment submission
learning_outcomes: U
session: Chapter 20: Corporate Risk Management
20.1 Why Companies Manage Corporate Risks
20.2 Managing Operational, Business, and Financial Risks
learning_outcomes: I
T
session: Chapter 20 (cont): Corporate Risk Management
20.3 Forwards and Futures
20.4 Swaps
learning_outcomes: I
T
session: Chapter 20 (cont): Corporate Risk Management
20.5 Financial Options
learning_outcomes: I
T
session: Chapter 20 (cont): Corporate Risk Management
20.6 Option Valuation
learning_outcomes: I
T
session: Chapter 20 (cont): Corporate Risk Management
20.7 Real Options
learning_outcomes: I
T
session: Chapter 20 (cont): Corporate Risk Management
20.8 Agency Costs
learning_outcomes: I
T
session: Progress Review-Chap 19, 20
learning_outcomes: U
session: Progress Review-Chap 19, 20
learning_outcomes: U
session: Group assignment submission
learning_outcomes: U
session: Essay test
learning_outcomes: U
session: Essay test
learning_outcomes: U
session: Course Review
learning_outcomes: U
session: Group Presentations
learning_outcomes: U
session: Group Presentations
learning_outcomes: U
session: Group Presentations
learning_outcomes: U
session: Group Presentations
learning_outcomes: U
session: Group Presentations
learning_outcomes: U
session: Group Presentations
learning_outcomes: U