Available in 2022
Course code



10 units


6000 level

Course handbook


The course provides an introduction to corporate financial theory and application of theory to problems relevant to managers and is designed as a core course in the Master of Applied Finance. Topics covered will include: specification of corporate objectives, evaluation of investment projects, alternative sources of finance, risk, the operation of capital markets, the financing decision, the dividend decision, and the cost of capital.



  • Trimester 1 - 2022

Newcastle City Precinct

  • Trimester 2 - 2022
  • Trimester 3 - 2022

Learning outcomes

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

1. Appreciate the importance of finance and risk in personal/business decisions;

2. Communicate with clarity the investment, financing and dividend decision processes of the firm;

3. Demonstrate an understanding of the role cash flow estimates and analysis have in these decision processes;

4. Utilise financial mathematical models to solve investment problems;

5. Display an understanding of capital asset pricing model;

6. Identify the basic instruments of corporate funding and have an elementary understanding of the issues underlying capital structure theory and practice; and

7. Demonstrate an understanding of the concept of risk management and its importance to management.


Topics covered in this course include but are not limited to the following:

  1. Specification of corporate objectives;
  2. the time value of money;
  3. evaluation of investment projects;
  4. risk and return concepts;
  5. introduction to capital asset pricing model;
  6. capital markets;
  7. sources of finance;
  8. financing decisions;
  9. dividend decisions;
  10. cost of capital.


If you have successfully completed PACC6003 you cannot enrol in this course.

Assessment items

Quiz: Mid-term Quiz

Written Assignment: Written Assignment

Participation: Contribution to Discussion Forum

Formal Examination: Final Examination

Contact hours

Newcastle City Precinct and Online


Face to Face On Campus 3 hour(s) per Week for Full Term

The University of Newcastle acknowledges the traditional custodians of the lands within our footprint areas: Awabakal, Darkinjung, Biripai, Worimi, Wonnarua, and Eora Nations. We also pay respect to the wisdom of our Elders past and present.