Business Finance

• • The Role of Financial Management and the Tax Environment
  • The Time Value of Money and Interest Rate Principles
  • Multiple Cash Flows and Valuation Principles
  • Risk and Rates of Return
  • Valuation of Bonds and Shares
  • Cost of Capital
  • Capital Budgeting - Investment Criteria (NPV)
  • Capital Budgeting - Investment Criteria (Other Investment Criteria)
  • Capital Budgeting Project Cash Flow
  • Risk in Capital Budgeting

Equivalent subjects

You cannot enrol in this subject if you have successfully completed any of the following subject(s) because they are considered academically equivalent:

• USA-ACG32
• CUR-BAN23-Introduction to Finance Principles

You must have successfully completed the following subject(s) before starting this subject:

USA-ACG11-Accounting for Business and GRF-AFE135-Business Data Analysis, or SWI-STA10003-Foundations of Statistics, or GRF-AFE134 ;

Special requirements

No special requirements

To explore 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.

This subject includes material covering: 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; capital structure and the value of the firm; leverage.

• 2000 words (45%)
• Invigilated Exam - 3 hours (55%)

Current study term: 28 Feb 21 to 30 May 21

Next study term: 29 Aug 21 to 28 Nov 21