Business Finance PG (6224.5)

Please note these are the 2021 details for this unit
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Business Finance PG
Available teaching periods Delivery mode Location
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EFTSL Credit points Faculty
0.125 3 Faculty Of Business, Government & Law
Discipline Study level HECS Bands
Canberra Business School Post Graduate Level Band 4 2021 (Commenced After 1 Jan 2021)
Band 4 2021 (Commenced After 1 Jan Social Work_Exclude 0905)
Band 5 2021 (Commenced Before 1 Jan 2021)
This unit aims to develop a working knowledge of the concepts, tools and applications of corporate financial decision-making within a framework of maximizing the wealth of a firms stakeholders, with particular emphasis on shareholders. The topics includes financial goals, time value of money, risk and return analysis, asset pricing, capital budgeting, cost of capital, capital structure, and dividend policies. This is a problem oriented subject, which requires students to learn and apply various financial concepts and tools to solve complex problems related to firms financing, investment, distribution and retention decisions.

Learning outcomes

Students who successfully complete this unit will be able to:
1. Appraise and illustrate the goals of financial management of a firm and basic finance principles, including the time value of money concept, risk-return relationship, efficient market and portfolio diversification;
2. Critically examine the theories and models used in investment, financing and dividend decisions, reflecting on their limitations and practical applications;
3. Identify and apply appropriate models and techniques to solve problems relating to valuation of shares and bonds, alternative capital investment proposals and to calculate costs of capital;
4. Critically evaluate and compare different capital structure theories and dividend policies relating to their limitations, to develop alternatives; and
5. Solve complex problems involving firms financing, dividend and retention decisions.


Graduate attributes

1. UC graduates are professional - communicate effectively
1. UC graduates are professional - use creativity, critical thinking, analysis and research skills to solve theoretical and real-world problems
1. UC graduates are professional - work collaboratively as part of a team, negotiate, and resolve conflict
2. UC graduates are global citizens - behave ethically and sustainably in their professional and personal lives
2. UC graduates are global citizens - think globally about issues in their profession
3. UC graduates are lifelong learners - reflect on their own practice, updating and adapting their knowledge and skills for continual professional and academic development


Prerequisites

11396 Business Decision Making G OR 11405 Quantitative Methods in Commerce G OR 6275 Statistical Analysis & Decision Making G

Corequisites

None.

Incompatible units

11215 Business Finance, 6392 Business Finance

Equivalent units

None.

Assumed knowledge

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

Required texts

Textbook:

  Ross, S., Westerfield, R., and Jaffe., J. 2017, Corporate Finance, 11th edition, McGraw Hill, New York.

Recommended readings:

From time to time you may find it useful to consult the newspaper and journals, such as China Securities Journal, Security Times, China Business Journal,  Economic Observer, Journal of Finance, Journal of Financial Economics, Journal of Accounting and Economics, Review of Financial Studies, Journal of Corporate Finance, Journal of Banking and Finance etc . These are available in the ECUST library.

Note also that there is a range of excellent textbooks on the unit in the University library including the following: 

Higgins, R.C. 2015, Analysis for Financial Management, 10th edition, McGraw Hill, New York.

Mishkin, F. 2016, The economics of money, banking, and financial markets, 7th edition, Pearson.

Submission of assessment items

Extensions & Late submissions

All assessment items will be submitted online via the unit Canvas site.  The first page of each assessment submission should include the following information:

 

Assessment Name:

Student/Group members ID:

The date the assignment is due:

Word Count (if applicable):

The marking criteria sheet:

Special assessment requirements

You will obtain a pass or better in this unit if you submit each assessment item, achieve at least 40 % in the final exam, and obtain a final cumulative mark of at least 50%. A grade of credit or above requires work to that standard in all items of assessment.

Assessment items 1 and 2 need to be submitted online in Canvas and put in Prof. Wang's box (No 60 in Bldg 6 Level B) on or before the due date (close of business). If you put the assignment in the wrong box and the assignment reaches Prof. Wang after the due date, you will incur a late penalty.

Academic integrity

Students have a responsibility to uphold University standards on ethical scholarship. Good scholarship involves building on the work of others and use of others' work must be acknowledged with proper attribution made. Cheating, plagiarism, and falsification of data are dishonest practices that contravene academic values. Refer to the University's Student Charter for more information.

To enhance understanding of academic integrity, all students are expected to complete the Academic Integrity Module (AIM) at least once during their course of study. You can access this module within UCLearn (Canvas) through the 'Academic Integrity and Avoiding Plagiarism' link in the Study Help site.

Use of Text-Matching Software

The University of Canberra uses text-matching software to help students and staff reduce plagiarism and improve understanding of academic integrity. The software matches submitted text in student assignments against material from various sources: the internet, published books and journals, and previously submitted student texts.

Participation requirements

See 5b above

Required IT skills

You are expected to have or to gain general computer skills sufficient to undertake research and to prepare written assignments. You are also expected to have or gain the ability to use Canvas.

Work placement, internships or practicums

None.

Additional information

The onus is on you to clarify issues in a timely manner if there is any doubt with regard to the requirements of any assignment or assessment procedure, the onus for clarifying the issue rests with the student who should contact the lecturer about the matter.