MACQUARIE UNIVERSITY 
AFIN3053: Advanced Corporate Finance 
Final Examination Guide and Notes 2025 
 
Part 01: About This Guide 
Part 02: Sample Final Examination Paper 
Part 03: Suggested Solutions to Final Exam Paper 
Part 04: Proven Exam Strategies and Tips 
 
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Macquarie University - AFIN3053: Advanced Corporate Finance

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ACADEMIC YEAR 2024 - 2025

University	Macquarie University
Unit Code	AFIN3053
Credit Points	10
Unit Name	Applied Corporate Finance
Notes Title	Final Examination Guide and Notes
Page Length	35

This guide provides you with an excellent opportunity to familiarise yourself with the content and format of the updated final examination for AFIN3053: Advanced Corporate Finance at Macquarie University in 2025. It also provides a chance to practise effective exam techniques. The guide focuses on core exam questions and includes clear, straightforward diagrams to enhance understanding and aid recall during the exam. Thoroughly updated, this self-study set covers all topics in the latest edition of the unit, ensuring students are fully prepared to approach the final examination with confidence. It is an essential resource for achieving success.

This unit challenges the student to consider a comprehensive set of factors that influence organisations in raising equity, payout policy, investment and finance decisions within a dynamic framework. Students need to be able to appreciate the theoretical and practical implications of the multifaceted nature of corporate finance; the different issues (including flexibility) to be considered, and the different approaches available, in valuing project cash flows; determining capital structure; assessing the costs and benefits of mergers and acquisitions, real options; and the link between corporate governance and finance.

Main topics to be covered:

Terminal values using multiples and perpetuities. Inflation-linked bonds (ILBs) and other market-based valuation inputs
Bottom-up analysis: cash flows, profits and balance sheets. Integrated pro-forma financial statement modeling using spreadsheets
Debt, taxes, capital budgeting and valuation with leverage
Examples of analysts' models and reports
Top-down analysis
Raising equity
Payout policy
Mergers and acquisitions
Options
Real options
Corporate governance
Arbitrage Strategies III: Event Driven Investment

Prerequisites: 20cp at 2000 level or above including AFIN2050 or AFIN2053.

UNIT CODE	UNIT NAME
ACCG1000	Accounting for Decision Making
ACCG1001	Accounting and Governance
ACCG2000	Cost Analysis and Managerial Decision Making
ACCG2024	Financial Accounting and Reporting Analysis
ACCG2051	Governance, Business and Corporations Law
ACCG3008	Business and Risk Advisory
ACCG3020	Tax in Practice
ACST1001	Finance Fundamentals
AFIN1002	Corporate Finance and Capital Markets
AFIN2050	Investments
AFIN3029	Derivative Instruments
AFIN3052	Applied Portfolio Management
AFIN3053	Advanced Corporate Finance
ECON1020	Economics and Business Strategy
ECON2003	Microeconomic Analysis and Applications
ECON2004	Macroeconomic Analysis and Applications
ECON2041	Introductory Econometrics
MGMT1002	Managing for Impact
MKTG1001	Marketing and Value Creation
STAT1103	Introduction to Psychological Design and Statistics
STAT1250	Business Statistics and Insights
STAT1371	Statistical Data Analysis

Macquarie University - AFIN3053: Advanced Corporate Finance

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