AFW3044 - Business finance

Leader: Dr David Lin

Offered

Berwick First semester 2007 (Day)
Gippsland First semester 2007 (Day)
Gippsland First semester 2007 (Off-campus)
Hong Kong First semester 2007 (Off-campus)
Peninsula First semester 2007 (Day)
Singapore First semester 2007 (Off-campus)

Synopsis

Issues include goals and functions of financial policy, corporate risk, uncertainty, capital structure policies, required rates of return, capital budgeting and long term investment decisions, evaluation of investments and dividend policy, financing, debt and equity, overseas and small business financing, statement analysis and prediction of corporate failure, working capital management, mergers and acquisitions.

Objectives

The learning objectives of this unit are to:

• apply the concept of the time value of money and other project evaluation techniques;
• explain and apply portfolio theory and the capital asset pricing model;
• measure a firm''s cost of capital;
• describe dividend policy and its relevance to the value of a firm;
• apply critical thinking, problem solving and presentation skills to individual and/or group activities dealing with business finance.

Assessment

Assignments: 30%
Examination: 70%

Contact hours

3 class hours per week

Prerequisites

AFW1001 or equivalent plus 7 other units

Prohibitions

AFC2140, AFF2631 and AFW2631