Business Finance

Course aim

To engage students with the processes, practices and decision outcomes associated with investment and financing decisions made within businesses, and to equip students to undertake investment and financing analysis.

Course content

The financial environment and the role of finance in business: financial objectives of firms, financial mathematics, cash flow, time value of money; financial markets and sources of finance.
Investment evaluation: net present value and other criteria; risk and uncertainty in capital investment decisions.
Capital structure and cost of capital: intermediate and long term funding; debt valuation; equity models, dividend valuation, capital asset pricing model; weighted average cost of capital; theoretical debate on capital structure and the value of the firm; leverage.

Textbook(s)

Titman, S, Martin, T, Keown, AJ, Martin, JD 2019, Financial management: principles and applications, 8th edn, Pearson Australia, Melbourne, Victoria

Prerequisite(s)

Common to all relevant programs
Subject Area & Catalogue Number	Course Name
ACCT 1008	Accounting for Business
MATH 1053	Quantitative Methods for Business

Corequisite(s)

Nil

Teaching method

Component	Duration
INTERNAL, CITY WEST
Preparatory	1 x 1 week
Workshop	2.5 hours x 10 weeks
INTERNAL, OFFSHORE, HONG KONG BAPTIST UNIVERSITY
Workshop	35 hours x NA
EXTERNAL, CITY WEST, ONLINE
External	30 hours x NA
INTERNAL, CITY WEST (INTENSIVE)
Workshop	25 hours x NA
INTERNAL, OFFSHORE, TAYLOR'S BUSINESS SCHOOL
Workshop	35 hours x NA

Note: These components may or may not be scheduled in every study period. Please refer to the timetable for further details.

Assessment

Examination, Problem solving exercise

Fees

EFTSL*: 0.125
Commonwealth Supported program (Band 4C)
To determine the fee for this course as part of a Commonwealth Supported program, go to:
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Fee-paying program for domestic and international students
International students and students undertaking this course as part of a postgraduate fee paying program must refer to the relevant program home page to determine the cost for undertaking this course.

Non-award enrolment
Non-award tuition fees are set by the university. To determine the cost of this course, go to:
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Not all courses are available on all of the above bases, and students must check to ensure that they are permitted to enrol in a particular course.

* Equivalent Full Time Study Load. Please note: all EFTSL values are published and calculated at ten decimal places. Values are displayed to three decimal places for ease of interpretation.