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Business Finance - ATAX0057
Library

 
Faculty: Faculty of Law
 
 
School:  Australian School of Taxation
 
 
Course Outline: See below
 
 
Campus: ATAX Campus
 
 
Career: Undergraduate
 
 
Units of Credit: 6
 
 
EFTSL: 0.12500 (more info)
 
 
Indicative Contact Hours per Week: 0
 
 
Enrolment Requirements:
 
 
Prerequisite: ATAX0003, ATAX0010, ATAX0058
 
 
Fee Band: 3 (more info)
 
 
Further Information: See Class Timetable
 
 

Description

Business Finance is an introductory course in financial management. It stresses the modern fundamentals of corporate financial decision making with special reference to investment, financing and dividend distribution. While building upon introductory courses in accounting, economics and quantitative analysis, the course develops distinctive conceptual frameworks and specialised tools for solving real world financial problems at both the individual and corporate level. The course is a blend of theory and practice. While diligent practice will make you competent in financial techniques, a good grasp of theory will help you think systematically about ways to solve problems for which no existing techniques are suitable or currently available. Special topics to be covered include: financial mathematics, security valuation, techniques for capital investment decisions, financial decision making under uncertainty (portfolio theory and capital market theory), corporate capital structure, cost of capital and dividend decision and policy.


Recommended Prior Knowledge

This course assumes some knowledge of microeconomics, accounting and statistics. The pre-requisites for this course, ATAX0010 Accounting 2 and ATAX0058 Quantitative Analysis will have provided you with most this required knowledge.

Course Objectives

This course seeks to develop your skills and knowledge in the following areas of financial management:
  • Discounted cash flow valuation
  • Valuation of securities
  • Principals and practice of investment decision making
  • Risk and return from an investor perspective
  • Cost of capital
  • Capital structure dividend policy decisions
  • Management of financial risk

Main Topics

  • Introduction to corporate finance
  • Financial mathematics
  • Security valuation
  • Net Present Value and other investment decision criteria
  • Capital budgeting issues
  • Capital market history
  • Risk and return
  • Financing
  • Cost of capital
  • Capital structure and dividend policy
  • International corporate finance
  • Derivatives and risk management

Assessment

2 Assignments
2 Online MCQ Review Quizzes
1 Exam

Course Texts

Prescribed
Ross S, Thompson S, Christensen M, Westerfield R & Jordan B, Fundamentals of corporate finance (Sydney: McGraw-Hill, 4th Aust ed, 2007)

Citation and Style Guides
The following is a selection of acceptable citation and style guides, which you may use as the basis for your written work. You must purchase or have access to one of the following publications:
  • Rozenberg P, Australian guide to uniform legal citation (Sydney: Lawbook Co, 2nd ed, 2003)
  • Stuhmcke A, Legal referencing (Sydney: Butterworths, 3rd ed, 2005)
  • Australian guide to legal citation (Melbourne University Law Review Association, 2nd ed, 2002) - Available from http://mulr.law.unimelb.edu.au/aglc.asp

Note that in disciplines other than Law (ie, Accounting and Economics) the literature in these courses has, for the most part, been written in the Harvard style and in these courses you may prefer to use the Harvard style of referencing. Guides to using the Harvard style can be accessed at the following websites:

http://www.lc.unsw.edu.au/onlib/ref.html
http://www.usq.edu.au/library/infoabout/ref_guides/default.htm

In this course, it is acceptable to use either one of the prescribed legal styles, or the Harvard style. However, whatever style you adopt must be used consistently and correctly - you must not mix one style with another.

Recommended
Refer to Course Profile supplied by Lecturer.

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© The University of New South Wales (CRICOS Provider No.: 00098G), 2004-2011. The information contained in this Handbook is indicative only. While every effort is made to keep this information up-to-date, the University reserves the right to discontinue or vary arrangements, programs and courses at any time without notice and at its discretion. While the University will try to avoid or minimise any inconvenience, changes may also be made to programs, courses and staff after enrolment. The University may also set limits on the number of students in a course.