| Semester 2, 2023 Online | |
| Units : | 1 |
| School or Department : | School of Business |
| Grading basis : | Graded |
| Course fee schedule : | /current-students/administration/fees/fee-schedules |
Staffing
Course Coordinator:
Requisites
Enrolment is not permitted in FIN1101 if FIN1100 has been previously completed (excluding BBIZ 19395 Finance major students)
Overview
The course provides conceptual frameworks and introduces specialised tools to help you to understand how to create market value for the firm. The focus on market value contributes a unique finance-based perspective that assists you to develop a broader understanding of the management and operation of business enterprises.
This course is a required technical and professional competency component of CPA and CAANZ accreditation and specifically addressing Technical Competency Area 6.
The objective of the financial manager is to create market value for owners of the business enterprise. In this course, the concepts and tools that are needed to make decisions consistent with an increase in the market value of the firm are examined. The concepts and tools that are covered include free cash flow, interest rates and market efficiency, the time value of money and the valuation of future cash flows, risk and return, bond and share valuation, capital budgeting, the cost of capital, working capital management, capital structure and dividend policy.
Course learning outcomes
On successful completion of this course, students should be able to:
- apply specialised financial numeracy skills in conjunction with problem solving and critical thinking to evaluate investment and distribution decisions under conditions of risk and uncertainty;
- advise and communicate to stakeholders on investment and distribution decisions with regard to the internal and external financial environment and organisation;
- analyse key aspects of the financing decision, including sources of finance, capital structure and the cost of capital;
- apply capital markets theory, especially the relationship between risk and reward reflected in the CAPM, to enhance project analysis and capital budgeting decisions;
- analyse the global environment in international trade and finance, features of globalisation, and the role of multinationals and emerging markets in the international financial system;
- identify and explain the ethical issues involved in pursuing the maximum market value for the firm's shares.
Topics
| Description | Weighting(%) | |
|---|---|---|
| 1. | Evaluating Intertemporal Cash Flows | 15.00 |
| 2. | Finance Functions and the Financial Environment | 15.00 |
| 3. | Risk, Reward, and Capital Markets | 20.00 |
| 4. | Investment and Distribution Decisions Under Conditions of Risk and Uncertainty | 25.00 |
| 5. | Financial Risk and Risk Management | 15.00 |
| 6. | Issues in Global Finance & Trade | 10.00 |
Text and materials required to be purchased or accessed
(Available as an eBook.)
Student workload expectations
To do well in this subject, students are expected to commit approximately 10 hours per week including class contact hours, independent study, and all assessment tasks. If you are undertaking additional activities, which may include placements and residential schools, the weekly workload hours may vary.
Assessment details
| Description | Group Assessment |
Weighting (%) | Course learning outcomes |
|---|---|---|---|
| Quiz | No | 10 | 1 |
| Case 精东传媒app | No | 40 | 1,2,3,4 |
| Invigilated examination | No | 50 | 1,2,3,4,5,6 |