The University of Newcastle, Australia
Available in 2020
Course code



10 units


2000 level

Course handbook


The key intent of business finance is to maximise 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.

Availability2020 Course Timetables

PSB Singapore

  • Trimester 3 - 2020 (Singapore)
  • Trimester 2 - 2020 (Singapore)

Newcastle City Precinct

  • Semester 1 - 2020
  • Semester 2 - 2020

Learning outcomes

On successful completion of the course students will be able to:

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


Topics in this course include but are not limited to;

  1. Consideration of the goals of organisations and investors;
  2. Investment evaluation techniques;
  3. Valuation of equity and debt securities;
  4. Fixed interest securities;
  5. Sources and types of available finance;
  6. Relationship between risk and return;
  7. Portfolio theory; and
  8. Asset pricing models.


Students must have successfully completed ACFI1001 and ACFI1003 to enrol in this course.

Assessment items

In Term Test: In class tests

In Term Test: Mid Semester Test

Formal Examination: Final Exam

Contact hours

Newcastle City Precinct and PSB Singapore


Face to Face On Campus 2 hour(s) per Week for Full Term

Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.