BAFI200 to BAFI602

BAFI200 Principles of Finance                                                                                                             10 cp

Prerequisites ACCT100 Principles of Accounting

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit provides students with an opportunity to develop an understanding of concepts, techniques and practices that are needed to make financial decisions in an increasingly competitive business environment.

BAFI201 Australian Capital Markets                                                                                                     10 cp

Prerequisites ACCT100 Principles of Accounting

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Financial markets influence the destiny of businesses and the allocation of resources generally, through their control over the cost and supply of funds. They also contribute to the efficient operation of businesses and the economy through their provision of payment services and risk-management instruments. This unit is designed to help you acquire a knowledge of the operations of the markets and institutions that comprise Australia’s financial system and develop an understanding of the instruments used in raising finance and in the management of risks posed by the financial system.

BAFI202 Corporate Finance A                                                                                                              10 cp

Prerequisites BAFI200 Principles of Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit includes financial decision-making within the framework of capital market theory; diversification, risk and return, determinants of risk, portfolio theory, efficient market hypothesis with emphasis on Australian evidence, capitalisation changes and performance measures, takeovers and mergers.

BAFI203 Personal Financial Planning                                                                                                  10 cp

Prerequisites Nil

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Personal financial services have been one of the dynamic growth sectors of the recent past. Students in this unit will have the opportunity to develop skills in evaluating security investment opportunities, and assess the impact of personal taxation in shaping investment strategies. These factors, plus understanding of the impact of changing government policies and economic events, and the moral and ethical concerns within the financial planning industry, will affect overall personal financial planning strategies.

BAFI204 Portfolio Management and Investments                                                                                 10 cp

Prerequisites BAFI200 Principles of Finance, STAT102 Business Statistics

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This is an applied quantitative unit. Students will be given tutorial sessions to revise Excel techniques early in the semester and will use the Haugen investment software for portfolio analysis, computing mean-variance efficient sets employing both the Markowitz and the single-index approach. Extensive coverage is given to the issues relating to the capital asset pricing model and the arbitrage pricing theory.

BAFI300 Corporate Finance B                                                                                                              10 cp

Prerequisites BAFI202 Corporate Finance A

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit includes theory and analytical techniques relevant to investment analysis and management; analysis and valuation of securities, properties of accounting numbers, asset pricing models, capital asset returns and information, bond ratings and yields, and financial distress predictions.

BAFI301 Financial Institutions Management                                                                                        10 cp

Prerequisites BAFI200 Principles of Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit provides a broad and comprehensive appraisal of authorised deposit-taking institutions (ADIs), including banks, building societies and credit unions, and the associated decision-making processes of the financial services sector. The central issues of financial institutions management, namely decisions on asset and liability management and the determination of capital use, are examined. The regulatory environment is outlined. Students are presented with a thorough examination of the major financial risks faced by ADIs and the methods of measuring and managing these risks.

BAFI302 International Business Finance                                                                                              10 cp

Prerequisites BAFI200 Principles of Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit is designed to introduce the basic concepts on which finance is based. In doing so, it pays special attention to management of the financial functions for firms operating in several countries and in particular the Asia-Pacific region: international capital and foreign exchange markets; Asian markets; exchange controls, imports and exports, forward exchange; balance of trade, invisible trade, capital account and balance of payments; foreign investment, exchange rate risks and their reduction; futures trading; inflation rate and interest rate differentials; international banks; Asian banks.

BAFI303 Derivatives Investment                                                                                                           10 cp

Prerequisites BAFI200 Principles of Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit builds on the financial skills developed in BAFI200 Principles of Finance and directs them towards the area of financial derivatives. This unit is fairly mathematical in nature and presumes you are comfortable with algebraic manipulations and can deal with somewhat abstract concepts. It also presumes that you understand and can apply in practice the basic principles in finance, namely the time value of money, risk-adjusted discount rates and the capital asset pricing model. This unit provides students with the techniques needed to analyse and price derivative securities. The main derivative instruments covered include futures, options and swaps.

BAFI304 Superannuation and Retirement Planning                                                                            10 cp

Prerequisites BAFI200 Principles of Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

This unit provides students with an opportunity to develop a workable understanding of superannuation from the perspective of the financial planner.

BAFI600 Corporate Finance                                                                                                                 10 cp

Prerequisites Nil

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Corporate Finance is grounded in the theories and practice of financial management to enable the student to make knowledgeable financial management decisions. These financial management decisions deal with financing (raising funds) investing (allocating funds to particular uses) and managing assets (evaluating operating practices) using a wealth maximising framework.

BAFI601 International Finance                                                                                                             10 cp

Prerequisites BAFI600 Corporate Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

International finance draws upon theories and methods from varying fields that include financial management, macroeconomics and microeconomics, basic statistics, and investment theory. This unit is designed to provide a foundation of international financial management and the issues that MNCs face, and study of some of the key areas of corporate finance within an international environment. Topics of special interest will include: the interaction between exchange rates, inflation rates and interest rates; the operation of the foreign exchange market; the risks which fluctuating exchange rates pose for companies and how companies may protect themselves against those risks.

BAFI602 Financial Analysis and Business Valuation                                                                            10 cp

Prerequisites BAFI600 Corporate Finance

Teaching Organisation 3 hours per week for 12 weeks or equivalent.

Financial statements by themselves provide little useful information. They need to be analysed to understand a firm’s current performance and future prospects. In order to analyse financial statements effectively requires the development in skills, not just in mathematical manipulation, but understanding the theories and models that underlie accounting practices. This unit provides the opportunity for students to combine an analysis of accounting theory with financial analysis to arrive at a holistic understanding of the significance of financial statements, and the link between accounting and capital markets.