Business Finance

University of Newcastle

Course Description

  • Course Name

    Business Finance

  • Host University

    University of Newcastle

  • Location

    Newcastle, Australia

  • Area of Study

    Business, Finance

  • Language Level

    Taught In English

  • Prerequisites

    ACFI1001, ACFI2005, ECON1001, ECON1002 AND one of STAT1060 OR ECON1130, or a 10 unit 1000 level Mathematics course.

  • Course Level Recommendations

    Upper

    ISA offers course level recommendations in an effort to facilitate the determination of course levels by credential evaluators.We advice each institution to have their own credentials evaluator make the final decision regrading course levels.

    Hours & Credits

  • Host University Units

    10
  • Recommended U.S. Semester Credits
    3 - 4
  • Recommended U.S. Quarter Units
    4 - 6
  • Overview

    The key intent of business finance is to maximize firm value while reducing firm risk. Focused particularly in the context of the business entity, Business Finance introduces the theory and practice of securities markets, valuation, and execution of optimal investment decisions. Investment goals, investment evaluation techniques, security characteristics, financial mathematics, modern portfolio theory, the capital asset pricing model, and security valuation techniques are included within the array of topics.
    LEARNING OUTCOMES
    1. Demonstrate a basic understanding of the theory of finance to facilitate the evaluation of investment, financing and dividend decisions of the firm;
    2. Comprehend the fundamentals of capital budgeting as applied to the investment decision of a business;
    3. Demonstrate a descriptive understanding of the pricing of risky assets;
    4. Identify the basic instruments used in corporate funding, and;
    5. Select and use business terminology and communication contexts specific to the finance discipline
    CONTENT
    The course considers the impact of financing and investment decisions on business enterprises. Topics covered include a consideration of the goals of organisations and investors, investment evaluation techniques, the valuation of equity and debt securities, fixed interest securities, sources and types of available finance, the relationship between risk and return, portfolio theory, asset pricing models.

Course Disclaimer

Courses and course hours of instruction are subject to change.

Credits earned vary according to the policies of the students' home institutions. According to ISA policy and possible visa requirements, students must maintain full-time enrollment status, as determined by their home institutions, for the duration of the program.