units

ACX4150

Faculty of Business and Economics

18 September 2017 25 April 2024

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This unit entry is for students who completed this unit in 2016 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

Monash University

6 points, SCA Band 3, 0.125 EFTSL

Undergraduate, Postgraduate - Unit

Refer to the specific census and withdrawal dates for the semester(s) in which this unit is offered.

Faculty

Business and Economics

Organisational Unit

Department of Accounting

Offered

Not offered in 2016

Synopsis

This unit examines the association between financial reporting information and capital markets. Specific areas of focus include accounting-based valuation models, discussions of pricing of information risk in the context of the capital asset pricing models, expected cost of equity capital, implied cost of equity capital, cost of debt, and application of cost of capital to auditing.

Outcomes

The learning goals associated with this unit are to:

  1. describe accounting-based valuation methods and apply these methods to listed companies
  2. critically evaluate the role of information risk in securities pricing
  3. critically evaluate empirical research in cost of equity capital
  4. apply critical thinking, problem solving and presentation skills in individual and/or group activities dealing with the analysis of financial statements.

Assessment

Within semester assessment: 50%
Examination: 50%

Workload requirements

Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.

See also Unit timetable information

Chief examiner(s)

Professor Vic Naiker (Semester 1)
Professor Farshid Navissi (Semester 2)

Co-requisites

Students must be enrolled in course 0181 or 0171 or 4416 to undertake this unit.

Prohibitions

AFX4150