| 授業名 | Corporate Finance |
|---|---|
| Course Title | Corporate Finance |
| 担当教員 Instructor Name | May May Ho |
| コード Couse Code | NUC425_N22A |
| 授業形態 Class Type | 講義 Regular course |
| 授業形式 Class Format | On Campus |
| 単位 Credits | 2 |
| 言語 Language | EN |
| 科目区分 Course Category | 専門教育科目 / Specialized Subject |
| 学位 Degree | BBA |
| 開講情報 Terms / Location | 2022 UG Nisshin Term2 |
授業の概要 Course Overview
Mission Statementとの関係性 / Connection to our Mission Statement
The casestudies will assist students to develop their "Frontier Spirit" to equip them to succeed in the globalised business reality.
In this course, we will use active learning to explore the world of corporate finance, more specifically areas in business valuation for Initial Public Offering, business expansion, improvement of shareholder value and efficient use of resources. We will use the case study approach to breathe life into the finance concepts and understand how they are applied in the business world.
Able to analyse financial numbers and use them to make company recommendations.
In this course, we will use active learning to explore the world of corporate finance, more specifically areas in business valuation for Initial Public Offering, business expansion, improvement of shareholder value and efficient use of resources. We will use the case study approach to breathe life into the finance concepts and understand how they are applied in the business world.
Able to analyse financial numbers and use them to make company recommendations.
授業の目的（意義） / Importance of this course
In this course, we will use active learning to explore the world of corporate finance, more specifically areas in business valuation for Initial Public Offering, business expansion, improvement of shareholder value and efficient use of resources. We will use the case study approach to breathe life into the finance concepts and understand how they are applied in the business world. In individual assignments we will also revisit net present value, internal rate of return and the cost of capital models together with the other finance models we touched upon in the earlier finance models to more complex real world finance questions.
到達目標 / Achievement Goal
Students are able to apply finance concepts to real life situations and articles they might read on finance
本授業の該当ラーニングゴール Learning Goals
*本学の教育ミッションを具現化する形で設定されています。
LG1 Critical Thinking
受講後得られる具体的スキルや知識 Learning Outcomes
Computation of Net Present Value, Internal Rate of Return, Cost of Capital models, Capital Asset Pricing Model and Dividend Discount Models.
Analysis of company decisions
Analysis of company decisions
SDGsとの関連性 Relevance to Sustainable Development Goals
Goal 4 質の高い教育をみんなに（Quality Education）
教育手法 Teaching Method
| 教育手法 Teaching Method | % of Course Time | |
|---|---|---|
| インプット型 Traditional | 20 % | |
| 参加者中心型 Participant-Centered Learning | ケースメソッド Case Method | 80 % |
| フィールドメソッド Field Method | 0 % | 合計 Total | 100 % |
事前学修と事後学修の内容、レポート、課題に対するフィードバック方法 Pre- and Post-Course Learning, Report, Feedback methods
Subject topics will be taught using case studies. Pre-reading is essential. MCQ, Quizzes and questions will be provided before class to facilitate understanding of related information and relevant case studies. All preparations should be done before class. Presentation, discussion and exchange of ideas will be done during class.
8 hours are recommended for class preparations.
Read the suggested topics 1 hour
Attempt MCQ or short quiz regarding the topics 1 hour
Read case studies 2 hours
Prepare answer answers for the case studies 4 hours
In class: feedback provided immediately
Write up before class: feedback given in class or shortly after discussion
Group essay: Feedback given after submission
8 hours are recommended for class preparations.
Read the suggested topics 1 hour
Attempt MCQ or short quiz regarding the topics 1 hour
Read case studies 2 hours
Prepare answer answers for the case studies 4 hours
In class: feedback provided immediately
Write up before class: feedback given in class or shortly after discussion
Group essay: Feedback given after submission
授業スケジュール Course Schedule
第1日（Day1）
Week 1: Introduction to Corporate FinanceDescribe the evolution of the fintech landscape and the various companies involved. Develop an awareness of the magnitude of capital investments and acquisitions in/of fintech companies.
●使用するケース
Case: Cutting through the Fog: Finding a Future with Fintech第2日（Day2）
Week 2: Application of financial and finance theories and analysis tools to evaluate “best” strategic decision for a small businessApply theory and analysis tools to evaluate the current resources, capabilities and core competencies of a small business and evaluate future revenue growth opportunities.
●使用するケース
Case: Wil's Grill第3日（Day3）
Week 3: Financial statement analysis and introduction to supply chain financeApply finance skills on accounting ratios and cashflow analysis to derive business decisions.
●使用するケース
Case: Supply Chain Finance at Procter and Gamble第4日（Day4）
Week 4: Finance Capital Budgeting SimulationEvaluate a diverse set of competing investment proposals and make decisions regarding 27 separate proposals over a 5 year period.
●使用するケース
Simulation: Finance Simulation Capital Budgeting第5日（Day5）
Week 5: Financing and impact of financial modelsEvaluate the valuation of Snap, discuss IPO process and equity offerings.
●使用するケース
Case: Snap Inc's IPO第6日（Day6）
Week 6: Generating Higher Value StrategyAnalyses the rationale for and implications of enhanced shareholder communications, i.e. communication with external constituents.
●使用するケース
Case: Generating Higher Value at IBM第7日（Day7）
Week 7: Perform financial forecasting, valuation techniques and understand the role of research analysts in capital marketsEvaluate financial information using net present valuation and other techniques and information to consider an expansion and when selling equity to outside investors.
●使用するケース
Case: The Valuation and Financing of Lady M Confections成績評価方法 Evaluation Criteria
*成績は下記該当項目を基に決定されます。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
*クラス貢献度合計はコールドコールと授業内での挙手発言の合算値です。
| 講師用内規準拠 Method of Assessment | Weights |
|---|---|
| コールドコール Cold Call | 5 % |
| 授業内での挙手発言 Class Contribution | 30 % |
| クラス貢献度合計 Class Contribution Total | 35 % |
| 予習レポート Preparation Report | 10 % |
| 小テスト Quizzes / Tests | 15 % |
| シミュレーション成績 Simulation | 10 % |
| ケース試験 Case Exam | 0 % |
| 最終レポート Final Report | 30 % |
| 期末試験 Final Exam | 0 % |
| 参加者による相互評価 Peer Assessment | 0 % |
| 合計 Total | 100 % |
評価の留意事項 Notes on Evaluation Criteria
教科書 Textbook
- Please refer to the course pack.「Please refer to the course pack.」Please refer to the course pack.（Plea）
参考文献・資料 Additional Readings and Resource
Information and cases will be provided in the coursepack.
授業調査に対するコメント Comment on Course Evaluation
Individual student assignments will be provided to ensure finance models are covered and well understood.
担当教員のプロフィール About the Instructor
Ho May May qualified as an Associate Chartered Accountant (“ACA”) under the Institute of Chartered Accountants in England and Wales (ICAEW) in 2007 after training with Ernst and Young in London. In 2017, she became a Fellow Chartered Accountant (“FCA”) under the ICAEW. In 2019, she was also awarded Business and Finance Professional (“BFP”) under the ICAEW. She is also a Singapore Chartered
Accountant and holds an MSc in International Business from the University of Lancaster, UK.
She has experience in financial auditing at Ernst and Young before moving on to regulatory reporting at Merrill Lynch and later the Royal Bank of Scotland. In 2020, she will be taking up the position of Visiting Professor at Hosei University in Tokyo, Japan. Since 2011, she has embarked on an academic and writing career drawing on her experiences and expertise.