STUDY PLAN

(RPS)

PROGRAM : S-1 manajemen

COURSE : Teori Keuangan
CREDITS : 3 SKS

SEKOLAH TINGGI ILMU EKONOMI TRISAKTI

2020

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 STUDY PLAN
(RPS)

Name of University : STIE Trisakti (Trisakti School of Management)

Major : Management
Program : Undergraduate Program in Management
Course : THEORY OF FINANCE
Credits : 3 CREDITS
Course code : MSM 303
Type :
Prerequisite (if any) : ADVANCE FINANCIAL MANAGEMENT
Semester : GENAP
College year : 2020/2021
Number of meeting : 14 x 150 Minutes
Name of course’s : Team of Lecturers
instructors

A. DESCRIPTION
.

B. LEARNING OUTPUT (CPL)

Subject Learning Output (CPL)

Attitude 1. MENERAPKAN NILAI, NORMA DAN ETIKA AKADEMIK YANG
BERLAKU DI KAMPUS TSM
2. MENUMBUHKAN SIKAP BERTANGGUNG JAWAB ATAS
PENUGASAN DI BIDANG PEKERJAAN SESUAI DENGAN
KEAHLIAN SECARA MANDIRI
3. MEWUJUDKAN SEMANGAT : KEMANDIRIAN, PERJUANGAN DAN
KEWIRAUAHAAN YANG GIGIH.

General skill 1.MAMPU BERPIKIR SECARA : LOGIS, KRITIS DAN SISTEMATIS SERTA
INOVATIF DALAM MENERAPKAN ILMU PENGETAHUAN SESUAI DENGAN
BIDANG KEAHLIAN DAN MAMPU MENGGUNAKAN PERANGKAT
TEKNOLOGI YANG ADA UNTUK MENDUKUNG PENERAPAN ILMUNYA
2. DAPAT BEKERJA SECARA MANDIRI MAUPUN SECARA KELOMPOK
DENGAN HASIL KERJA YANG BERMUTU DAN TERUKUR

Knowledge 1. MEMAHAMI PERKEMBANGAN TEORI KEUANGAN DARI WAKTU KE

WAKTU DAN DAPAT MEMILAH PENERAPAN TEORI KEUANGAN
YANG MASIH RELEVAN PADA SAAT INI DAN MEMAHAMI ARAH
PEKEMBANGAN TEORI KEUANGAN DIWAKTU YANG AKAN DATANG
2. DAPAT MEMAHAMI DAN MENGAMBIL KEPUTUSAN STRATEGIS
YANG TEPAT SESUAI DENGAN SITUASI YANG DIHADAPI,
TERUTAMA DALAM HAL KEBIJAKAN : INVESTASI, PENDANAAN DAN
KEBIJAKAN DIVIDEN
3. MAMPU MEMBACA PERUBAHAN LINGKUNGAN, KHUSUSNYA DALAM
HAL EKONOMI DAN MENGANTIIPASI PENGARUH PERUBAHAN
TERHADAP KEBIJAKAN DALAM OPERASIONAL PERUSAHAAN

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Special skill 1. MAMPU MENERAPKAN ILMU KEUANGAN DALAM PROSES
PERENCANAAN DAN PENGENDALIAN PERUSAHAAN KHUSUSNYA DI
BIDANG KEUANGAN, SEHINGGA MEMBERIKAN NILAI TAMBAH ATAS
SEMUA KEPUTUSAN YANG DITEMPUH OLEH PERUSAHAAN,
DENGAN HARAPAN AKHIRNYA DAPAT MENINGKATKAN
KEMAKMURAN SEMUA STAKEHOLDERS’ PERUSAHAAN.

C. COURSE LEARNING OUTCOME (CPMK)

Learning Outcome Learning Objective

(CPMK) (Sub-CPMK)
MENGUASAI MODEL 1. MEMAHAMI KONSEP SISTEM TEORI KEUANGAN
DAN KONSEP TEORI 2. MEMAHAMI AN MENJELASKAN FORMULASI DAN
KEUANGAN IMPLEMENTASI STRATEGI KEUANGAN
3. MEMAHAMI TEORI KEUANGAN DAN MENERAPKANNYA
DALAM ANALISIS PENELITIAN
MENGUASAI KONSEP, 1. MEMAHAMI STRUKTUR KEPEMILIKAN DAN KEBIJAKAN
PRINSIP-PRINSIP PERUSAHAAN
PERKEMBANGAN TEORI 2. MEMAHAMI PRINSIP-PRINSIP KOMPENSASI DAN INSENTIF
KEUANGAN MODERN DALAM KAITANNYA DENGAN STRUKTUR KEPEMILIKAN
3. MEMAAMI KONSEP TINGKAT PENGEMBALIAN AN RESIKO
KEUANGAN
MENGUASAI KONSEP, 1. MEMAHAMI KONSEP DASAR TINGKAT IMBAL HASIL
PRINSIP-PRINSIP DAN (RETURN) DAN RESIKO KEUANGAN (RISK)
PROSEDUR DARI 2. MEMAHAMI CARA CARA MELAKUKAN DIVERSIFIKASI UNTUK
PENGELOLAAN MENGURANGI RESIKO PORTFOLIO INVESTASI
KEUANGAN
BERDASARKAN TEORI
KEUANGAN
MENGUASAI KONSEP, 1. MEMAHAMI KONSEP PASAR YANG EFISIEN DAN
TEORI DAN PRINSIP PENERAPANNYA DALAM PENILAIAN INVESTASI
PERKEMBANGAN 2. MEMAHAMI BERBAGAI METODA PENILAIAN SAHAM DAN
KEUANGAN MODERN OBLIGASI
3. MEMAHAMI TERJADINYA AGENCY PROBLEM DAN CARA-
CARA UNTUK MENGATASINYA
4. MEMAHAMI CARA PENENTUAN STRUKTUR MODAL
PERUSAHAAN YANG OPTIMAL DAN MANFAAT YANG
DINIKMATI OLEH PERUSAHAAN
5. MEMAHAMI BERBAGAI BENTUK KEBIJAKAN DIVIDEN YANG
ADA, SERTA MENGURAIKAN KEBAIKAN DAN KEBURUKAN
MASING MASING KEBIJAKAN YANG ADA
6. MEMAHAMI HUBUNGAN ANTARA SUKU BUNGA, TINGKAT
INFLASI, NILAI TUKAR DAN KESEIMBANGAN DENGAN
HARGA DALAM INSTRUMEN DERIVATIF KEUANGAN.
7. MEMAHAMI TEORI DASAR SUKU BUNGA :TEORI IRVING
FISHER, PURCHASING POWER PARITY (PPP) DAN
INTEREST RATE PARITY

MENGENALI BENTUK 1. MEMPERKENALKAN 3 BENTUK DASAR INSTRUMEN DALAM

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BENTUK DASAR DERIVITIF KEUANGAN YAITU : FUTURE, FORWARD DAN
INSTRUMEN DERIVATIF OPTION
KEUANGAN 2. MEMPERKENALKAN MANFAAT DARI PRODUK DERIVATIF
KEUANGAN UNTUK KEPERLUAN : LINDUNG NILAI
(HEDGING), SPEKULASI DAN ARBITRASE
3. MEMPERKENALKAN INSTRUMEN ALTERNATIF INVESTASI
BARU SEPERTI : STRUCTURE NOTES, EQUITY LINKED
NOTES, BARRIER OPTION DLL

D. COURSE DESCRIPTION

TOPIC COURSE OUTLINE

BUILDING BLOCK DARI 1. TABUNGAN DAN INVESTASI
TEORI KEUANGAN 2. STRUKTUR KEPEMILIKAN DAN KEBIJAKAN PERUSAHAAN
3. RISK DAN RETURN
4. MODERN THEORY OF CORPORATE CONTROL
5. THEORY OF FINANCIAL INTERMEDIATION

OWNERSHIP, CONTROL 1. BENTUK HUKUM ORGANISASI BISNIS

DAN COMPENSATION 2. STRUKTUR KEPEMILIKAN DAN KEBIJAKAN KORPORASI
3. CARA PENGENDALIAN KORPORASI DILAKUKAN
4. KOMPENSASI DAN INSENTIF
KESEIMBANGAN PASAR 1. RISK DAN RETURN
2. PORTFOLIO RISK DAN RETURN
3. ASSET PRICING MODEL
4. EFISIENSI PASAR

PENILAIAN OBLIGASI 1. PENILAIAN OBLIGASI

DAN SAHAM 2. PENILAIAN SAHAM
3. ALTERNATIF MODEL PENILAIAN SAHAM
KEPUTUSAN INVESTASI 1. BENTUK DASAR CAPITAL BUDGETING TECHNIQUE
2. KETERBATASAN DARI SETIAP TEKNIK EVALUASI YG ADA
3. ALTERNATIF UNTUK MENGATASI KEKURANGAN TEKNIK
YANG SUDAH ADA
4. MEMBANDINGKAN PROYEK YANG USIANYA BERBEDA
HIPOTESIS PASAR 1. PENGERTIAN DAN JENIS JENIS EMH DAN BENTUK-BENTUK
YANG EFISIEN, FREE EMH
CASH FLOW APPROACH 2. ANOMALI PASAR DAN INSIDER INFORMATION
DAN SIGNALING 3. PENGERTIAN FREE CASH FLOW DAN PERBANDINGAN
THEORY DENGAN MODEL CASH FLOW LAINNYA
4. PENGERTIAN SIGNALING THEORY DAN ASSYMETRIC
INFORMATION
5. SIGNALING THEORY DALAM CAPITAL STRUCTURE

TEORI STRUKTUR 1. TEORI MODIGLIANI DAN MILLER (MM THEORY) DALAM

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MODAL KEADAAN TIDAK ADA PAJAK DAN ASUMSI DASARNYA
2. TEORI MM DALAM KEADAAN ADA PAJAK PERSEROAN
3. TEORI MILLER DENGAN KEADAAN ADA PAJAK PERSEROAN
DAN PAJAK PERSONAL
4. BIAYA KEBANGKRUTAN DAN JENIS-JENIS NYA
TEORI DIVIDEN 1. DIVIDEND IRRELEVANCE THEORY (MM THEORY OF
DIVIDEND)
2. GORDON THEORY OF DIVIDEND
3. TAXES PREFERENCES THEORY OF DIVIDEND
4. CLIENTELE EFFECT
5. RESIDUAL DIVIDEND THEORY
6. STOCK DIVIDEND, STOCK SPLIT DAN STOCK
REPURCHASES

TEORI KESEIMBANGAN 1. PURCHASING POWER PARITY (PPP)

VARIABEL EKONOMI 2. THEORY IRVING FISHER
3. INTEREST RATE PARITY

E. LEARNING METHOD
1. Learning activities promote student center learning approach. Students are
encouraged and facilitated to actively seek and obtain the expected abilities,
both knowledge, skills and attitudes.
2. There are 3 main activities (methods) that will be carried out in lecture:
a. Small Group Discussion
b. Self-Directed Learning
c. Cooperative Learning

F. ASSIGNMENT
There are 2 (two) kinds of assignment:
1. Exercises and problems from textbook, and
2. Exercises from prior mid-term and final-term examination

G. GRADING PLAN
1. Grading Method
a. Written test (mid test and final test).
b. Assignment, participation and paper assessment
2. Class participation and activity assessment
3. Component
a. Mid Test (20%)
b. Final Test (20%)
c. Assignment (20%)
d. Quiz (2 KALI@20%= 40%)
H. RULES
1. Students are required to come on time.
2. Students must bring required textbook.

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 3. Students must dress neatly and appropriately in accordance with the rules.
4. The maximum number of absence in class is three times.

I. REQUIRED TEXTS AND PUBLICATIONS

.

J. SCHEDULE OF ACTIVITIES
(Next page)

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 SCHEDULE OF ACTIVITIES

1. Learning Outcome (CPMK):

1.

Week Learning Objective Indicator Topic Learning Method (online) Text and Assessment/
(Sub-CPMK) Required Assignment
Supplies
(1) (2) (3) (4) (5) (6) (7)
1 Memahami building block 1. Memahami The role of financial Presentasi dosen dan tanya Chapter 1 buku Membuat catatan
dari teori keuangan perkembangan theory and evidence jawab MWL dan ringkasan
berbagai teori
keuangan yang
mendasar dari waktu
ke waktu
2 Memahami berbagai 1. Menjelaskan berbagai Legal form of Presentasi dosen dan tanya Chapter 2 buku Membuat catatan
alternatif bentuk hukum pilihan bentuk hukum business jawab MWL dan ringkasan
organisasi bisnis organisasi bisnis organization,
2. Kebaikan dan ownership structure
keburukan dari setiap and corporate
jenis bentuk hukum control,
3. Aktivitas dan compensation an
pengawasan incentives, theory
jalannya and evidence
perusahaan
4. Kompensasi dan
insentif lainnya
3 Memahami konsep risk 1. Pengertian risk dan Risk, return and PRESENTASI DOSEN DAN CHAPTER 6 MEMBUAT
and return return serta cara CAPM TANYA JAWAB SERTA BUKU B&MCE RINGKASAN DAN
menetapkan besaran DISKUSI KELOMPOK KECIL LATIHAN SOAL
risk and return
2. Perlunya

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 pembentukan portfolio
investasi
3. Resiko sistematis an
unsistmatis
4. Menetapkan efficient
frontier
4 MEMAHAMI KONSEP 1. PENGENALAN PORTFOLIO PRESENTASI DOSEN, CHAPTER 24 MEMBUAT
MODERN PORTFOLIO RESIKO DAN THEORY, ASSET TANYA JAWAB DAN DISKUSI BUKU B&MCE RINGKASAN DAN
THEORY DIVERSIFIKASI PRICING MODEL KELOMPOK LATIHAN SOAL
2. PENGUKURAN RISK AND BEHAVIORAL
DAN RETURN DARI THEORY
PORTFOLIO
3. PENGUKURAN
KINERJA
PORTFOLIO
5 MEMAHAMI 1. PENGERTIAN DAN BOND, BOND VA PRESENTASI DOSEN , TANYA CHAPTER 5 MEMBUAT
KONSEP PENILAIAN JENIS JENIS OBLIGASI LUATION AND JAWAB DAN DISKUSI KEL. BUKU B&MCE RINGKASAN DAN
OBLIGASI 2. YIELD TO MATURITY INTEREST KECIL LATIHAN SOAL
& YIELD TO CALL

6 MEMAHAMI KONSEP 1. JENIS JENIS SAHAM STOCK, STOCK PRESENTASI DOSEN, CHAPTER 7 MEMBUAT
PENILAIAN SAHAM 2. DIVIDEND VALUATION DAN TANYA JAWAB AN DISKUSI BUKU B&MCE RINGKASAN DAN
DISCOUNTED STOCK MARKET KELOMPOK LATIHAN SOAL
MODEL
3. METODA LAIN
PENILAIAN SAHAM
7 HIPOTESIS PASAR 1. PENGERTIAN EMH WEAK FORM, PRESENTASI DOSEN, BUKU MWL MEMBUAT
YANG EFISIEN, FREE DAN BENTUK SEMI STRONG TANYA JAWAB DAN DISKUSI DAN B&BME RINGKASAN DAN
CASH FLOW BENTUK EMH DAN STRONG KELOMPOK MENCARI MATERI
APPROACH DAN 2. PENGERTIAN FREE FORM OF EMH YANG TERKAIT
SIGNALING THEORY CASH FLOW (FCF BEDA FCF VS MELALUI
3. PENGERTIAN CASH FLOW INTERNET
SIGNALING THEORY MODEL LAINNYA
ASSYMETRIC

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 INFORMATION
AND SIGNALING

16 MID
Term Test

Approved by: Jakarta, August 2020

Head of Management Department Course Coordinator

STEVEN YAP

Dr Tita Deitiana, SE, MM Steven Yap SE, MM

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 ATTACHMENT

a. Assignment Guide
b. Grading Scale for Quiz and Examination

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 ASSIGNMENT GUIDE
Exercises and Problems from Textbook
Course (credits) : Management (3 Credits)
Semester : 2
Assignment number : 1
Assignment name : Answer exercises and problems from textbook
Assignment objective : Students can master topic of course each week
Assignment deadline : Every next week
Collection day : Every next week
Assignment detail :  Reread topic of course that has been delivered in each
week
 Do exercises and problems by handwritings in paper, scan
and upload the file
 Collect assignments to lecturer in Assignment features in
Teams
Criteria of assessment :  More correct and accurate, it is better
 More neat and complete, it is better
 Marks are given according to each exercise or problem
solution points
 Final assessment is done with an average grade from all
assignment

ASSIGNMENT GUIDE
Exercises from Prior Examination
Course (credits) : Management (3 Credits)
Semester : 2
Assignment number : 2
Assignment name : Answer all of exercises from prior examination
Assignment objective : Students can master and conclude all of topic of course that
will be tested
Assignment deadline : Every next week
Collection day : Every next week
Assignment detail :  Reread topic of course that has been delivered in each
week
 Do exercises and problems by handwritings in paper, scan
and upload the file
 Collect assignments to lecturer in Assignment features in
Teams
Criteria of assessment :  More correct and accurate, it is better
 More neat and complete, it is better
 Marks are given according to each exercise or problem
solution points
 Final assessment is done with an average grade from all
assignment

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 ASSIGNMENT GUIDE
PRESENTATION
Grade Score Indicator Aspect
Poor <41 There is no clear organization. Facts are not used to
support statements.
Fair 41-55 Focused enough but the evidence is insufficient to
use it in draw a conclusion.
Good 56-70 The presentation has a focus and presents some
evidence that supports the conclusions. Organization
Very good 71-85 Well organized and present convincing facts to
support conclusions.
Excellent >85 Organized by presenting
facts supported by examples
which has been analyzed according to the concept.
Poor <41 The contents are inaccurate or too general.
Audiences don't learn anything or are sometimes
misleading.
Fair 41-55 The contents are less accurate, because it is not
there is factual data, it doesn't add up audience
understanding.
Good 56-70 The contents are generally accurate, but not Content
complete. Audiences can learn some implied facts
but they don't add new insights to the topic.
Very good 71-85 Fill accurately and completely. Audiences add new
insights to the topic.
Excellent >85 The contents are able to inspire the audience to
develop the mind.
Poor <41 The presenter is anxious and uncomfortable, and
reads various notes rather than talks. Audiences are
often ignored. Not eye contact occurs because the
presenter looks more at the blackboard or screen.
Fair 41-55 Based on the record, no ideas developed outside
the notes, monotonous sound.
Good 56-70 In general, the presenter is calm,
Presentation
but in a flat tone and quite often depends on a note.
style
Sometimes contact eyes with the audience ignored.
Very good 71-85 The presenter is calm and uses the right intonation,
speaking without being dependent on record, and
interact intensively with the audience. The presenter
is always eye contact with the audience.
Excellent >85 Speak with enthusiasm, transmit enthusiasm and
enthusiasm to the audience.

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 GRADING SCALE GUIDELINES
QUIZ AND EXAMINATION

Course (credits) :
Semester : 2

Description of expected answers untuk CPMK 3, 8, and 9 Scoring

Do not answer 0%
Correct calculation but wrong journal 50%
Both journal and calculation are correct 100%

Description of expected answers untuk CPMK 1-2, and 4-7 Scoring

Do not answer 0%
Correct calculation but wrong process/format 30%
Correct process/format but wrong calculation 50%
Both process/format and calculation are correct 100%

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