BFC2140 Corporate Finance (2026)
Difficulty:
Year Completed: Semester 1, 2026
Prerequisite: ECC1000
(or ECW1101, or ECB1101, or ECF1100, or ECX2953)
Exemption:
CB1 Business Finance
ACC1100 (50%), BFC2140 (50%)
Weighted average of 70% required. Minimum of 60% required for each unit.
Mean SETU Score: 76/100 (High)
Subject Content:
Lecture(s) and Tutorial(s):
Textbook(s):
Assessments:
The unit covered the fundamentals of corporate finance, including the time value of money, financial mathematics, bond and share valuation, capital budgeting techniques (NPV, IRR, payback period and profitability index), cash flow analysis, replacement decisions, short-term financing, risk and return, cost of capital (CAPM and WACC), capital structure, and market efficiency and payout policy.
2 x 1 hour lecture (pre-recorded)
1 x 2 hour tutorial
The textbook "Fundamentals of Corporate Finance" by Jonathan Berk, Peter DeMarzo, Jarrad Harford, Guy Ford, Vito Mollica was listed as a requirement for this unit. However, it's worth noting that the lectures comprehensively cover all the necessary materials to succeed in the course. Therefore, it is possible to do well in the unit without relying on the textbook extensively.
5x Online Quizzes - 25% - 5% each
Mid-Semester Test - 25%
Final Exam - 50% (hurdle requirement of 45%)
Comments
Overall, I found the unit quite manageable. As long as you keep up with the weekly pre-work, readings, and tutorial questions, the content is very manageable. The weekly exercises and workshops reinforce the concepts well, so staying consistent throughout the semester makes the assessments much less stressful.
The lectures were delivered as short pre-recorded videos each week and were accompanied by readings and lecture slides. I found them very useful and wouldn't recommend skipping them. While some students may prefer to study directly from the slides, the videos helped explain the concepts in more depth and improved my understanding. Most of the videos were example-based and worked through practice questions, while the more theory-focused content was mainly covered in the textbook readings and summarised in the weekly lecture slides.
The tutorials mainly focused on solving questions and exercises similar to those in the assessments and final exam. Some questions were straightforward, while others were longer and more challenging. The first 40 minutes to an hour was usually led by Simon, the unit coordinator, and involved group activities, discussions, and reviewing the weekly pre-work questions. The remaining time was spent working through tutorial questions with another tutor. No new examinable content was introduced in the tutorials, and worked solutions were released at the end of each week, so attending wasn't strictly necessary. However, I found the tutorials very worthwhile as they reinforced the material, provided detailed demonstrations of Excel and the financial calculator, and gave students the opportunity to ask questions and clarify any misunderstandings.
The assessment structure was well aligned with the learning outcomes and weekly content.
The weekly Pearson exercises encouraged consistent engagement with the material and allowed multiple attempts before the submission deadline, providing an opportunity to learn from mistakes.
The mid-semester test and final examination closely reflected the style and level of difficulty of the tutorial questions, making the workshops and practice questions valuable preparation.
A range of practice materials and worked solutions were provided throughout the semester, which supported revision and exam preparation. Overall, the assessments assessed students' understanding and application of corporate finance concepts in a fair and consistent manner.
The final examination was a closed-book exam covering all examinable topics taught throughout the semester. Students were permitted to use an approved financial calculator, which was essential for many of the calculations. Excel was also used during the exam; however, students were required to download the exam-provided Excel workbook rather than use their own files, and submit it at the end of the examination. The exam was well aligned with the tutorial questions and weekly content, with many questions requiring students to apply concepts rather than simply recall formulas. Time management was important, as some questions involved multiple calculations and required careful working. Overall, students who kept up with the weekly tutorial questions and practice materials were well prepared for the style and difficulty of the exam.
I would recommend keeping up with the weekly content from the beginning of the semester, as each topic builds on previous concepts. The tutorial questions are one of the best revision resources for both the mid-semester test and final examination, so it is worth completing them regularly rather than only before assessments. Finally, spend some time learning how to use both the financial calculator and Excel, as being comfortable with these tools can save valuable time during the exam.
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