Details for Finance

Understanding 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. This subject develops the student’s ability to apply tools of investment analysis and gain an in-depth understanding of the time value of money. Students will explore the historical, legal, ethical and theological contexts of accounting and finance, and will learn how to read and interpret financial statements and understand double entry bookkeeping, construct and analyse budgets, calculate present values of cash flows, and critically discuss the distinction between private and social valuation.


Quick Info

  • Currently offered by Alphacrucis: Yes
  • Course code: BUS560
  • Credit points: 10
  • Subject coordinator: Philip Lee

Awards offering Finance

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

Unit Content

Outcomes

  1. Explain the historical, legal, ethical and theological contexts of accounting and finance;
  2. Show an ability to read and interpret financial statements and understand double entry bookkeeping;
  3. Demonstrate an ability to construct and analyse budgets;
  4. Critically discuss the distinction between private and social valuation;
  5. Demonstrate an in-depth understanding of the time value of money and ability to calculate present values of cash flows;
  6. Show an ability to apply the tools of investment analysis, including net present value and internal rate of return.

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 College.

Assessment Methods

  • Forums (20%)
  • Minor Essay (30%)
  • Exam (50%)

Prescribed Text

Rice, A. (2011). Accounts Demystified: The Astonishingly Simple Guide to Accounting London, Prentice-Hall.

Birt, J., Chalmers, K., Maloney, S., Brooks, A. & Oliver, J. (2014). Accounting: Business Reporting for Decision Making (5th ed.). Milton, Qld: John Wiley & Sons Australia.

AND

Frino, A., Z. Chen and A. Hill (2012). An Introduction to Corporate Finance. 5th edition Sydney, Pearson Education.

Check with the instructor each semester before purchasing any textbooks