Business Finance - ATAX0057

Business Finance is an introductory course in financial management designed to meet the professional requirements of Australian accounting bodies and other objectives. It stresses the modern fundamentals of corporate financial decision making with special reference to investment, financing and dividend distribution decisions. Specific topics to be covered include: financial mathematics, security valuation, techniques for capital investment decisions, financial decision making under uncertainty , corporate capital structure, cost of capital, and dividend decision and policy. As students undertaking this course already will have acquired substantial tax knowledge, the course allows a student to analyse the tax effects more deeply than a traditional undergraduate Business Finance course would dare. This tax analysis makes this a more practical than a normal introductory finance course. While the course can be taken as a terminating unit, its contents form the foundation for advanced studies in banking and finance such as funds management, international finance, banking, risk and insurance, electronic security trading, investment banking, electronic commerce, options and futures and derivatives. As the field of banking and finance is rapidly expanding, the foundation knowledge gained from this course opens up opportunities for further studies and/or employment in the domestic and global financial markets.