Business Finance - ATAX0057

Faculty: Australian School of Business

School: Australian School of Taxation and Business Law

Course Outline: ATAX0057 Course Outline

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

Excluded: ATAX0157

CSS Contribution Charge: 3 (more info)

Tuition Fee: See Tuition Fee Schedule

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

Course Texts


Textbook lists for ATAX courses will be available from the UNSW Bookshop from 1 February for Semester 1 courses and from 1 July for Semester 2 courses