School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Business Finance
  • Unit Code

    ECF6110
  • Year

    2018
  • Enrolment Period

    1
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Deepa BANNIGIDADMATH

Description

This unit provides advanced knowledge of the theories, principles and techniques of managerial finance. It addresses the investment, financing, and dividend decisions made by managers. Concepts such as the time value of money and the valuation of a variety of securities are addressed first, followed by investment decisions. These include capital budgeting, portfolio theory, and the capital asset pricing model. Financing decisions such as capital structure and current asset management follow, as do dividend policy and consideration of takeovers. The unit concludes with the concept of market efficiency and developments in the field of behavioural finance.

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply securities valuation and fundamental corporate finance theory to make informed business decisions that maximise shareholder value.
  2. Apply the time value concept in valuing financial assets.
  3. Argue the benefits of portfolio diversification.
  4. Assess the potential viability of investment opportunities.
  5. Evaluate the limits of the traditional theories of finance.
  6. Relate the effects of leverage to the firms return and risk.

Unit Content

  1. Overview of business finance.
  2. Market efficiency and behavioural finance.
  3. Essentials of financial mathematics.
  4. Sources of finance and valuation of securities.
  5. Project evaluation: principles, methods and applications.
  6. Return, risk and diversification.
  7. The cost of capital.
  8. Leverage and capital structure.
  9. Dividend policy and inventory management.
  10. Mergers and takeovers.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour lecture13 x 2 hour lectureNot Offered
Semester 113 x 1 hour tutorial13 x 1 hour tutorialNot Offered
Semester 213 x 2 hour lecture13 x 2 hour lectureNot Offered
Semester 213 x 1 hour tutorial13 x 1 hour tutorialNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a lecture and a one hour tutorial each week. Lectures introduce students to central concepts and tutorials provide opportunities to discuss the key aspects of the content in greater detail. These activities further develop communication and teamwork skills.

Off-campus students are supplied with course material via Blackboard each week and are expected to attempt assigned questions from each topic. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseQuizzes/ Exercises15%
AssignmentCase Study25%
Examination ^Final Examination60%
ONLINE
TypeDescriptionValue
ExerciseQuizzes/Exercises15%
AssignmentCase Study25%
Examination ^Final Examination60%

^ Mandatory to Pass

Core Reading(s)

  • Peirson, G., Brown, R., Easton, S., Howard, P., & Pinder, S. (2015). Business finance. (12th ed.). Sydney: McGraw Hill.
  • Gitman, L. J., & Zutter, C. J. (2015). Principles of managerial finance. (14th ed.). Frenchs Forest: Pearson Australia.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF6110|2|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Business Finance
  • Unit Code

    ECF6110
  • Year

    2018
  • Enrolment Period

    2
  • Version

    2
  • Credit Points

    20
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Deepa BANNIGIDADMATH

Description

This unit provides advanced knowledge of the theories, principles and techniques of managerial finance. It addresses the investment, financing, and dividend decisions made by managers. Concepts such as the time value of money and the valuation of a variety of securities are addressed first, followed by investment decisions. These include capital budgeting, portfolio theory, and the capital asset pricing model. Financing decisions such as capital structure and current asset management follow, as do dividend policy and consideration of takeovers. The unit concludes with the concept of market efficiency and developments in the field of behavioural finance.

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply securities valuation and fundamental corporate finance theory to make informed business decisions that maximise shareholder value.
  2. Apply the time value concept in valuing financial assets.
  3. Argue the benefits of portfolio diversification.
  4. Assess the potential viability of investment opportunities.
  5. Evaluate the limits of the traditional theories of finance.
  6. Relate the effects of leverage to the firms return and risk.

Unit Content

  1. Overview of business finance.
  2. Market efficiency and behavioural finance.
  3. Essentials of financial mathematics.
  4. Sources of finance and valuation of securities.
  5. Project evaluation: principles, methods and applications.
  6. Return, risk and diversification.
  7. The cost of capital.
  8. Leverage and capital structure.
  9. Dividend policy and inventory management.
  10. Mergers and takeovers.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour lecture13 x 2 hour lectureNot Offered
Semester 113 x 1 hour tutorial13 x 1 hour tutorialNot Offered
Semester 213 x 2 hour lecture13 x 2 hour lectureNot Offered
Semester 213 x 1 hour tutorial13 x 1 hour tutorialNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a lecture and a one hour tutorial each week. Lectures introduce students to central concepts and tutorials provide opportunities to discuss the key aspects of the content in greater detail. These activities further develop communication and teamwork skills.

Off-campus students are supplied with course material via Blackboard each week and are expected to attempt assigned questions from each topic. Regular online access is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ExerciseQuizzes/ Exercises15%
AssignmentCase Study25%
Examination ^Final Examination60%
ONLINE
TypeDescriptionValue
ExerciseQuizzes/Exercises15%
AssignmentCase Study25%
Examination ^Final Examination60%

^ Mandatory to Pass

Core Reading(s)

  • Peirson, G., Brown, R., Easton, S., Howard, P., & Pinder, S. (2015). Business finance. (12th ed.). Sydney: McGraw Hill.
  • Gitman, L. J., & Zutter, C. J. (2015). Principles of managerial finance. (14th ed.). Frenchs Forest: Pearson Australia.

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF6110|2|2