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Finance and financial decisions are everywhere in the running of businesses. Fundamental to an understanding of basic financial knowledge is the ability to weigh the relevant costs and benefits of any decision using valuation principles and concepts. Within this framework, an understanding of financial markets and the tools available to properly analyse and assess financial information is needed so as to enable analysts and managers to apply those tools to make properly informed decisions amongst loans, investments, and projects.

This course will introduce students to financial markets, the tools and concepts of basic finance, comprehension of basic financial statements, time value of money, valuation of shares and bonds, risk and return considerations, capital budgeting and the cost of capital. It forms the first of three courses in the Finance stream and as such, should be seen as introducing many of the key concepts and foundations upon which the other two courses are built. Many of the finance concepts studied in this course have a global as well as domestic application. In addition, this course will adopt a decision making focus in the context of finance with the tools and techniques taught in this course enabling businesses to maximise the wealth of owners.

On successful completion of this course, students should be able to:

1. demonstrate an understanding of the decisions that financial managers must make such as capital budgeting and apply relevant financial tools to make better informed decisions;
2. demonstrate an understanding of the major financial intermediaries and the instruments that are traded in financial markets and apply those instruments to relevant business situations;
3. discuss, analyse, evaluate and apply core concepts of financial management, including the time value of money, capital budgeting, risk and return, and the cost of capital;
4. apply the concepts and tools of financial management to the solution of problems that face financial managers;
5. demonstrate numeracy skills required by financial managers through the use and application of financial mathematics, including present value and future value techniques, to solve financial management problems;
6. analyse and communicate financial analysis reports to an audience of stakeholders in a potential project or decision makers;
7. demonstrate an understanding and application of option derivatives and how they work;
8. demonstrate an understanding of mergers and acquisitions.