Built Environment Finance (10146.2)

Please note these are the 2022 details for this unit
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Built Environment Finance
Available teaching periods Delivery mode Location
View teaching periods
EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Level 2 - Undergraduate Intermediate Unit Band 2 2021 (Commenced After 1 Jan 2021)
Band 3 2021 (Commenced Before 1 Jan 2021)
This unit is directed at engaging students with the financial aspects of property development, commercial construction and infrastructure development. This will include sources of finance, debt, equity, public private partnerships, and so on. Students will learn financial analysis techniques, such as discounted cash flow, net present value, internal rate of return, cost of capital and opportunity cost analysis in the context of developing residential, commercial and infrastructure of the built environment. Students will explore these concepts with respect to the local, national and global built environment markets.

Learning outcomes

On successful completion of this unit, students will be able to:
1. Demonstrate an understanding of the financial fundamentals and drivers of the built environment industry (domestic, commercial and infrastructure);
2. Describe the methods of financing available to operators in the built environment including government;
3. Analyse the financial implications of a built environment project in terms of its current and future feasibility; and
4. Examine the context and impact of international financial settings on funding for domestic projects.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - display initiative and drive, and use their organisation skills to plan and manage their workload
1. UC graduates are professional - employ up-to-date and relevant knowledge and skills
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
3. UC graduates are lifelong learners - adapt to complexity, ambiguity and change by being flexible and keen to engage with new ideas
2. UC graduates are global citizens - make creative use of technology in their learning and professional lives
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives


Prerequisites

None.

Corequisites

None.

Incompatible units

None.

Equivalent units

None.

Assumed knowledge

None.
Year Location Teaching period Teaching start date Delivery mode Unit convener
Not available

Required texts

Required Textbooks:

1. Brown, B. (2009), Successful Finance for Non-Accountants, Crimson Publishing, Surrey, Great Britain.

Electronic copy of the is book is availalbe in UC linbrary. The book can also be purchased online from a variety of sources including Amazon in either a hard copy or e-copy format.

2. Horngren, C., Datar, S., Rajan, M., Wynder, M., Maguire, W., and Tan, R., (2018), Horngren's Cost Accounting - A Managerial Emphasis, 3rd edition, Pearson Australia.

PDF copies of relevant reading materials from this textbook will be uploaded on the LearnOnline (Canvas) site of the unit subject to copyright restrictions. This book is also available in hard copy and as an e-book from the publisher's (Pearson) site.

I encourage you to consult the following reference books, journals and websites from time to time:

Additional reference books:

Antoniades, H. (2016), Accounting and Financial Management for the Built Environment, Accounting Real Estate Publications.

Hilson, D. (2009), Managing Risk in Projects, Gower Publishing Limited, England.

Pretorius, F., Lejot, P., McInnis, A., Arner, D. and Hsu, B. (2008), Project Finance for Construction & Infrastructure, Blackwell Publishing, the UK.

 

Journals:

The main journal databases for built environment (and these can be accessed through the library as well) include:

ScienceDirect: www.sciencedirect.com

On Science Direct, you have access to major built environment journals including Building and Environment, the Energy and Buildings and others.

Taylor & Francis: http:// http://www.tandfonline.com/

On Taylor & Francis, there are several journals, but the most useful for this unit is International Journal of Construction Management, Construction Management and Economics and International Journal of Sustainable Engineering.

Other leading Construction and Built Environment journals include: Building Research and Information, Journal of Building Engineering, International Journal of Sustainable Building Technology and Urban Development, and Journal of Construction Engineering and Management – ASCE

Websites:

(1) Building and Construction Industry (https://www.australia.gov.au/information-and-services/business-and-industry/building-and-construction-industry).

(2) Building and Construction Industry Fact Sheet, Department of Industry, Innovation and Science (https://www.business.gov.au/planning/templates-and-tools/industry-factsheets/building-and-construction-industry-fact-sheet).

(3) The Business Council of Australia (BCA) (www.bca.com.au).

(4) Investment opportunities in Australian infrastructure: Australian Trade and Investment Commission (go to https://www.austrade.gov.au and use the search function to look for Investment Opportunities in Australia.  The search function returns a link to a pdf file.).

(5) Infrastructure Australia (http://www.infrastructureaustralia.gov.au).  There are several useful resources such as fact sheets, in this website.  You can also find the Australian Infrastructure Plan on this website.

Submission of assessment items

Special assessment requirements

Final grades in this subject will be assessed according to performance in each of the assessment items identified above. In order to pass this unit, you must obtain:

  • an overall total score of at least 50% AND
  • submit all assessment items marked as mandatory AND
  • meet any indicated threshold requirements.

For assessment items marked as mandatory, each piece of assessment must be completed and submitted, but it is not necessary that students pass each individual item of assessment.

Students must apply academic integrity in their learning and research activities at UC. This includes submitting authentic and original work for assessments and properly acknowledging any sources used.

Academic integrity involves the ethical, honest and responsible use, creation and sharing of information. It is critical to the quality of higher education. Our academic integrity values are honesty, trust, fairness, respect, responsibility and courage.

UC students have to complete the Academic Integrity Module annually to learn about academic integrity and to understand the consequences of academic integrity breaches (or academic misconduct).

UC uses various strategies and systems, including detection software, to identify potential breaches of academic integrity. Suspected breaches may be investigated, and action can be taken when misconduct is found to have occurred.

Information is provided in the Academic Integrity Policy, Academic Integrity Procedure, and University of Canberra (Student Conduct) Rules 2023. For further advice, visit Study Skills.

Participation requirements

Attendance in lectures and workshops (and timely listening to each week's recorded lecture uploaded on the Canvas) is highly recommended. Past experience indicates that students who do not attend lectures and workshops regularly face difficulties in passing the subject as topics considered in lectures and workshops may go beyond the treatment given in your textbook and recorded lectures. In most of the workshops the relevant lecture topics will be summarized and discussed again.
 
In order to facilitate the adequate management of the unit, students' attendances and participation in lectures and in workshops may be recorded throughout the semester.
 
 

Required IT skills

Students are expected to have or to gain general computer skills and internet skills sufficient to attend virtual lectures and workshops, sufficient to attempt online proctored exam and test successfully and to undertake research and to prepare assignments. Students are also expected to have or gain the ability to use Canvas.

Work placement, internships or practicums

None