The University of Newcastle, Australia
Available in 2020
Course code

ACFI2080

Units

10 units

Level

2000 level

Course handbook

Description

All firms face decision making when determining which projects offer the greatest investment. ACFI2080 expands across the financing decisions of firms, considers the implications of competitive markets for management, the effect of dividend policies, the management and use of the cost of capital, and the impact of mergers and acquisitions. Students engage in problem solving and decision making techniques reflective of current professional practice.


Availability2020 Course Timetables

Newcastle City Precinct

  • Semester 1 - 2020
  • Semester 2 - 2020

Learning outcomes

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

1. Engender an integrative understanding of the factors affecting a firms financing decision.

2. Interrelate the importance of the dividend decision and the factors that may effect this decision.

3. Comprehend the concept of, and demonstrate the ability to, calculate firms weighted average cost of capital and the effect of imputation tax.

4. Develop an extended understanding of the efficient market hypothesis, and arguments in favour of behavioural finance.

5. Explain mergers and acquisitions, theory and evidence on the competitiveness of securities markets and the implications of this evidence for management.

6. Analyse, synthesise and evaluate the outcomes of a detailed financial problem, incorporating both collaborative and individual work processes.

7. Reflect upon and interpret conclusions, communicating them in formats conducive to both audience and purpose.


Content

The topics in this course include the following:

1. The payout decision

2. Capital structure and financing decisions of business enterprises

3. Measurement and use of the cost of capital

4. Mergers and acquisitions

5. Implications of competitive markets for management.


Requisite

Students must have successfully completed ACFI2070 to enrol in this course.


Assessment items

In Term Test: Mid-Semester Examination

Report: Assignment

Formal Examination: Examination: Formal


Contact hours

Newcastle City Precinct

Workshop

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.