Universitas Prasetiya Mulya SILABUS

Jl. R.A. Kartini (T.B. Simatupang)

JFIN 201 - CORPORATE FINANCE
Telp. (+62-21) 751-1126, 750-0463, 765-7257, Fax. (+62-21) 751-1128

COURSE DESCRIPTION

This course discusses basic principles of finance and provides practical tools for financial decisions and valuation

COURSE OBJECTIVES

COURSE REQUIREMENTS

A great part of learning as graduate students comes from listening to the analyses, opinions and perspectives of your
classmates in addition to those from faculty member. Therefore I strongly recommend all of the students to fully prepare
for the class discussion. The below references are the textbooks you have to read. Just to remind you that reading
materials are not limited to the references, you may read business newspaper / magazines to broaden your financial
knowledge that you may share to the whole class. Note: Having basic skill to operate spreadsheet (i.e MS Excel)
is a must to succeed in this course.  Students are asked to bring a notebook at every class meeting. 
However, checking email or surfing the internet during class is unacceptable.

CLASS PARTICIPATION

Students have to attend the class meeting (minimum of 80%) and participate in each case study and class discussion.

GRADES

Approximated distribution of percentage to calculate the final grade:

Project and Case 30.00 %

PTSP 20.00 %
Mid Exam 25.00 %
Final Exam 25.00 %

REQUIRED TEXT

1 Koh, AnnieSer-Keng Ang; Eugene F. Brigham, Michael C. Erhrhardt. Financial Management: Theory and Practice.
1st Ed. N.p.: Cengage Learning, 2014.

COURSE OUTLINE

Sess Date Topic Course Objective Reading

MT TBA
- To understand
Introduction:
ASEM* Ch. 1, the importance of finance - Toinunderstand
your personal
the importance of finance in your personal
and professional
The
2 Principles of
lives and identify the and 3 primary
professional
businesslives and identify the 3 primary business
decisions that finance managers make. decisions that finance managers make.
Finance
- To understand the roles Introduction:
of financial manager
- To understand
within the the
firmroles of financial manager within the firm
Wednesday ASEM* Ch. 1,
and
1 the goal for makingThefinancial
Principles
choices.
of and the goal for making financial choices.
11/01/17 2
- To identify incrementalFinance
cash flows -relevant
To identify
to simple
incremental cash flows relevant to simple
valuation. valuation.
- To distinguish between the primary and - Tosecondary
distinguish
capital
between the primary and secondary capital
market. market.
Wednesday
2 11/01/17
(20:00-21:15)
Visiting Monday
Professor
Lecture 16/01/17
- KIT Visiting Professor
3
(18:30-21:15) Lecture - KIT
(A1300)
 Universitas Prasetiya Mulya SILABUS
Jl. R.A. Kartini (T.B. Simatupang)
JFIN 201 - CORPORATE FINANCE
Telp. (+62-21) 751-1126, 750-0463, 765-7257, Fax. (+62-21) 751-1128

Sess Date Topic Course Objective Reading

- To construct
Tools
ASEM* ofCh.
Corporate
4 cash flow
Toolstimelines
of Corporate
to organize
- To construct
your analysis
cashofflow timelines to organize your analysis of
time value of money problems.
Finance: Finance: time value of money problems.
Wednesday
-4 Time Value of - Time Value of ASEM* Ch. 4
18/01/17
- To understand the concept
Money Money
of the time -value
To understand
of money the and concept of the time value of money and
-beCash
ableflow
to apply the calculation.
- Cash flow be able to apply the calculation.
Wednesday
5 18/01/17
(20:00-21:15)
- To understand
Risk
ASEM* andCh.Return
6 the concepts of risk and- return
To understand
and describethe concepts of risk and return and describe
how diversification affects the returnshow to diversification
a portfolio of affects the returns to a portfolio of
Wednesday
investments.
6 Risk and Return investments. ASEM* Ch. 6
25/01/17
- To have a good understanding of the Capital - To have Asset
a good
Pricingunderstanding of the Capital Asset Pricing
Model to estimate the investors expected Model rate
to estimate
of return.the investors expected rate of return.
Wednesday
7 25/01/17
(20:00-21:15)
- To know
Valuing
ASEM* Ch.
Bonds
how
5 to value a bond and relate - To itknow
to thehowyield
to tovalue a bond and relate it to the yield to
maturity
Wednesday
on the bond. maturity on the bond.
8 Valuing Bonds ASEM* Ch. 5
- To understand
01/02/17 the role of the credit assessment
- To understand
agencies theinrole of the credit assessment agencies in
determining the credit rating of a company. determining the credit rating of a company.
Wednesday
9 01/02/17
(20:00-21:15)
- To be Ch.
Project
ASEM* able5 to (1):
evaluateProject
bond (1):
investment opportunities and
explain theBonds
Indonesian advantages
Indonesian
and disadvantages
Bonds - To be of able
publicto debt
evaluate bond investment opportunities and
Wednesday
financing
10 (1 (1 explain the advantages and disadvantages of public debt ASEM* Ch. 5
08/02/17
group) group) financing
Read: SUKUK Read: SUKUK
Wednesday
11 08/02/17
(20:00-21:15)
- To be able
Investment
ASEM* Ch. to evaluate investment - opportunities
To be able using to evaluate investment opportunities using
several
Decision
10, 11 criteria
Rules and explain the advantages several
and disadvantages
criteria and explain the advantages and disadvantages
of each criteria. of
Fundamentals Investment of each criteria.
- To distinguish
CapitalWednesday
Budgeting between Decision earnings
Rules and - Tocashflow
distinguish
of the between earnings and cashflow of the ASEM* Ch.
12
business15/02/17
and understandFundamentals
their usefulness
of business
in capex and
valuation
understand their usefulness in capex valuation 10, 11
procedures Capital Budgeting procedures
- To understand current business practice- To withunderstand
respect tocurrent
the business practice with respect to the
use of capital budgeting criteria use of capital budgeting criteria
Wednesday
13 15/02/17
(20:00-21:15)
MID EXAM
Wednesday
14 MID EXAM
22/02/17
MID EXAM
Wednesday
15 22/02/17 MID EXAM
(20:00-21:15)
 Universitas Prasetiya Mulya SILABUS
Jl. R.A. Kartini (T.B. Simatupang)
JFIN 201 - CORPORATE FINANCE
Telp. (+62-21) 751-1126, 750-0463, 765-7257, Fax. (+62-21) 751-1128

Sess Date Topic Course Objective Reading

- To understand
Case(1):
ASEM* Ch. 7Phuket the managerial
Case(1): Phuket
issues which influence the
decision
Beach Hotel
between different Beach
typesHotel
of finance
- To understand the managerial issues which influence the
-(2
Togroups)
be able to relate the(2distribution
groups) of financing decision to
Wednesday decision between different types of finance
the
16 decision concerning the firms optimal capital structure ASEM* Ch. 7
01/03/17 - To be able to relate the distribution of financing decision to
Financing Decision Financing Decision
the decision concerning the firms optimal capital structure
and and
Financial Distress Financial Distress
Wednesday
17 01/03/17
(20:00-21:15)
- To understand
Cost
ASEM* Of Ch.15
Capital the underlying principles- To in establishing
understand the the underlying principles in establishing the
Cost Of Capital
opportunity cost of capital for a firm opportunity cost of capital for a firm
- To estimate
Case(2):
WednesdayFrozen
the cost of equity capital - To estimate the cost of equity capital
18 Case(2): Frozen ASEM* Ch.15
- To make
Food Products
08/03/17 reasonable
(1 adjustments to - Tothemake
methodsreasonable
of adjustments to the methods of
Food Products (1
estimating the equity cost of capital forestimating
group) firms thatthe areequity
not cost of capital for firms that are not
group)
traded. traded.
Wednesday
19 08/03/17
(20:00-21:15)
- To apply
Valuing
ASEM* Wednesday
Ch.
Stocks
several
9 models to value common - To shares
apply several
including models to value common shares including
20 Valuing Stocks ASEM* Ch. 9
the multiples
15/03/17 and dividend discount model.the multiples and dividend discount model.
Wednesday
21 15/03/17
(20:00-21:15)
- To value
Corporate
ASEM* Ch. 13a company using a variety- To of flow
valuetechniques
a company using a variety of flow techniques
Wednesday Corporate
including
Valuation
22 its free cash flow, shareholderincluding
value analysis
its freeand cash flow, shareholder value analysis and ASEM* Ch. 13
22/03/17 Valuation
economic value analysis economic value analysis
Wednesday
23 22/03/17
(20:00-21:15)
- To understand
Case(3):
ASEM* Ch. 16 the difference
Case(3): between debt and equity
finance.
Alibabas IPO Alibabas IPO - To understand the difference between debt and equity
- To understand
Dilema Wednesday
(2 groups) the tradeoff
Dilema involved
(2 groups)in managing
finance. liquidity and
24 ASEM* Ch. 16
profitability
29/03/17
issues - To understand the tradeoff involved in managing liquidity and
Working Capital Working Capital profitability issues
Management Management
Wednesday
25 29/03/17
(20:00-21:15)
- To be able
Dividend
ASEM* Ch.Policy
14
to identify
and the type of dividend- To policy
be able
adopted
to identify
by a the type of dividend policy adopted by a
firm and
Other Wednesday
Topics
the likely circumstances
Dividend Policyfavoring
and firmstock
and the
repurchase
likely circumstances favoring stock repurchase
26 ASEM* Ch. 14
rather than
05/04/17
dividend payment
Other Topics
as a meansrather
of distributing
than dividendvaluepayment as a means of distributing value
back to investors back to investors
Wednesday
27 05/04/17
(20:00-21:15)
 Universitas Prasetiya Mulya SILABUS
Jl. R.A. Kartini (T.B. Simatupang)
JFIN 201 - CORPORATE FINANCE
Telp. (+62-21) 751-1126, 750-0463, 765-7257, Fax. (+62-21) 751-1128

Sess Date Topic Course Objective Reading

Guest Wednesday
Speaker
28 Guest Speaker
12/04/17
Guest Wednesday
Speaker
29 12/04/17 Guest Speaker
(20:00-21:15)
FINALWednesday
EXAM
30 FINAL EXAM
19/04/17
FINALWednesday
EXAM
31 19/04/17 FINAL EXAM
(20:00-21:15)
FIN TBA