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FNCE 370 Overview of Corporate Finance Assignment 1 Athabasca University
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FNCE 370 Overview of Corporate Finance Assignment 1 Athabasca University
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FNCE 370 Overview of Corporate Finance Assignment 1Athabasca University
, FNCE 370 Overview of Corporate Finance Assignment 1
Athabasca University
Assignment 1 is worth 5% of your final mark. Complete and submit Assignment 1 after you complete
Lesson 1.
Save this assignment file and use it to record your responses to all three parts of this assignment.
Answer all three parts in one file. Follow the instructions on the Assignment 1 page of the course
website for submitting your completed assignment file.
This assignment consists of three parts.
1. Financial calculator exercises. You will become familiar with some basic corporate finance
concepts and your calculator to develop calculation techniques that will help you complete
future assignments with fewer errors and better understanding. In some cases, you will be
finding answers without completely understanding all the terms (e.g., PV, PMT, FV, IRR). You
will study these terms later in the course. For now, concentrate on the keystrokes and the
sequences.
2. Financial statements review: Preparing a Statement of Comprehensive Income and a
Statement of Financial Position. You will use the information given to prepare these
common financial statements.
3. Financial ratios review. You will use the information given to calculate common financial
ratios. It is assumed you are already familiar with financial statements and financial ratios
through your prerequisite courses.
If you have any questions about this assignment and how to complete it, contact the Student Support
Centre.
Assignment 1: Grading Summary
Part Marks available Marks obtained
1 33
2 35
3 32
Total 100
, Part 1: Financial Calculator Exercises (33 marks)
The table on the following pages contains practice examples and the questions for Assignment 1: Part
1. (For a detailed description of each column in this table, see “How do I Read the Table?” below.)
1. Work through each example in Column B on your financial calculator.
2. Check your answer with the one provided in Column C.
3. Look to the right side of the yellow column divider and work through the corresponding
assignment question in Column E. Each numbered practice example corresponds to the same
numbered assignment question (e.g., practice example 1: “Chain calculations – to the power
of” with the calculation of (8 x 2)2 corresponds to assignment question 1, where you calculate
(1+0.25)8). If you can do the practice example, you should be able to do the corresponding
assignment question.
4. Pay careful attention when reading questions that include multiple sets of brackets (e.g.,
assignment question 6). These can be confusing, so work through them carefully.
5. To record your solutions, put your answer in Column F, on the same row as the
assignment question. See example for Question 1: (1+0.25) 8).
Don’t be alarmed by the number of questions! You will likely be able to complete the work more quickly
than you think.
There are 33 questions in Part 1. Each question is worth 1 of the total marks for Assignment 1.
How Do I Read the Table?
Start from the far left-hand column and read across each row. We’ll refer to Example #10 in our
descriptions below.
• Column A: number of the task (e.g., 10)
• Column B: title of the task (e.g., Calculating basic loan interest). Below this title is the description
and data for the practice example. (In Example 10; N = 20 years, monthly payments (P/Y=12);
Interest rate comp. monthly (C/Y=12); ...)
Many of the practice examples and assignment questions take up several rows.
• Column C: check your answer against the practice example. (In Example 10:
7.172951345.)
• Column D: numbering of the assignment questions (e.g., 18).
• Column E: description and data for the tasks in the assignment question. (In Question 10:
Find annual interest rate; N = 30 years, quarterly payments; Interest rate compounded
quarterly; …)
• Column F: write down your answer in this column. (See example provided for Question 1.)
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