Details for Business Finance

This course develops the student’s ability to apply practical financial decision making to personal and business decisions. Gain an understanding of how the global financial system operates, the risks associated with capital markets, financing major works, valuing a business and distributing profit. Students will know how to raise capital and finance debt with a socially responsible strategic approach. Understanding Business Finance is critical to the long term success of any organisation and the material in this course will give students the understanding to make wise financial decisions.

Awards offering Business Finance

This unit is offered as a part of the following awards:

• Associate Degree in Business
• Associate Degree in Ministry
• Bachelor of Arts
• Bachelor of Arts and Bachelor of Applied Social Science
• Bachelor of Arts and Bachelor of Business
• Bachelor of Arts and Bachelor of Education (Secondary)
• Bachelor of Business
• Bachelor of Business and Bachelor of Ministry
• Bachelor of Business and Bachelor of Theology
• Diploma of Arts
• Diploma of Business and Diploma of Entrepreneurship
• Diploma of Business and Diploma of Leadership
• Diploma of Business and Diploma of Ministry
• Diploma of Chaplaincy
• Diploma of Chaplaincy and Diploma of Leadership
• Diploma of Chaplaincy and Diploma of Ministry
• Diploma of Entrepreneurship and Diploma of Leadership
• Diploma of Entrepreneurship and Diploma of Ministry
• Undergraduate Certificate in Arts
• Undergraduate Certificate in Business Studies

Unit Content

Curriculum Objective

This course develops the student’s ability to apply practical financial decision making to personal and business decisions. Gain an understanding of how the global financial system operates, the risks associated with capital markets, financing major works, valuing a business and distributing profit. Students will know how to raise capital and finance debt with a socially responsible strategic approach. Understanding Business Finance is critical to the long term success of any organisation and the material in this course will give students the understanding to make wise financial decisions.

Outcomes

1. Describe and discuss the types of financial decisions a financial manager will be required to consider in the finance and treasury functions of an organisation;
2. Identify and explain basic financial risks and risk management concepts;
3. Identify optimal project selection and be able to apply investment decision rules & capital budgeting analysis;
4. Discuss and evaluate how organisations are financed and consider the concept of optimal capital structure and the factors influencing its determination;
5. Explain the theory of capital markets and demonstrate an understanding of the operation of Australian capital markets;
6. Describe and discuss the methodologies for valuation of financial instruments;
7. Discuss how organisations make distribution decisions.

Subject Content

1. Time Value of Money & Investment Decision Rules
2. Capital Budgeting
3. Australian Capital Markets
4. Risk and Return
5. Cost of Capital
6. Equity Valuation
7. Debt and Equity Financing
8. Capital Structure & Payout Policy
9. Derivatives
10. Risk Management and Socially Responsible Investment strategies.

This course may be offered in the following formats

• Face-to-Face
• Distance / Global Online

Please consult your course prospectus or enquire about how and when this course will be offered next at Alphacrucis University College.

Assessment Methods

• Online Exams (4 x 15 minutes) (20%)
• Case Study Report (20%)
• Final Exam (60%)

Prescribed Text

Berk, J., DeMarzo, P., Harford, J., Ford, G., Mollica, V. & Finch, N. (2013). Fundamentals of Corporate Finance (2nd ed.). Frenchs Forest, N.S.W.: Pearson Education Australia.

Check with instructor each semester before purchasing any textbooks