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    Course Outline 2019 Finance 251: Financial Management (15 Points) Semester 2 (1195)

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    Jhon
    This document outlines the course FINANCE 251: Financial Management which is a 15 point introductory finance course offered in Semester 2. The course covers topics such as time value of money, security valuation, investment decisions, risk and return, and international finance. The goal is to provide students with basic financial skills that will be built upon in later finance courses. The course involves lectures, tutorials, assignments, a midterm test, and a final exam. Students are expected to dedicate 6 hours per week outside of lectures to complete readings and practice problems to succeed in the course. Prerequisites include accounting and economics courses, and proficiency with algebra, Excel, and Word.

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    Course Outline 2019 Finance 251: Financial Management (15 Points) Semester 2 (1195)

    Uploaded by

    Jhon
    106 views6 pages
    This document outlines the course FINANCE 251: Financial Management which is a 15 point introductory finance course offered in Semester 2. The course covers topics such as time value of money, security valuation, investment decisions, risk and return, and international finance. The goal is to provide students with basic financial skills that will be built upon in later finance courses. The course involves lectures, tutorials, assignments, a midterm test, and a final exam. Students are expected to dedicate 6 hours per week outside of lectures to complete readings and practice problems to succeed in the course. Prerequisites include accounting and economics courses, and proficiency with algebra, Excel, and Word.

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    UoA Finance 251

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    FINANCE251

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    This document outlines the course FINANCE 251: Financial Management which is a 15 point introductory finance course offered in Semester 2. The course covers topics such as time value of money, security valuation, investment decisions, risk and return, and international finance. The goal is to provide students with basic financial skills that will be built upon in later finance courses. The course involves lectures, tutorials, assignments, a midterm test, and a final exam. Students are expected to dedicate 6 hours per week outside of lectures to complete readings and practice problems to succeed in the course. Prerequisites include accounting and economics courses, and proficiency with algebra, Excel, and Word.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    106 views6 pages

    Course Outline 2019 Finance 251: Financial Management (15 Points) Semester 2 (1195)

    Uploaded by

    Jhon
    This document outlines the course FINANCE 251: Financial Management which is a 15 point introductory finance course offered in Semester 2. The course covers topics such as time value of money, security valuation, investment decisions, risk and return, and international finance. The goal is to provide students with basic financial skills that will be built upon in later finance courses. The course involves lectures, tutorials, assignments, a midterm test, and a final exam. Students are expected to dedicate 6 hours per week outside of lectures to complete readings and practice problems to succeed in the course. Prerequisites include accounting and economics courses, and proficiency with algebra, Excel, and Word.

    Copyright:

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    of 6

    Course Outline 2019

    FINANCE 251: FINANCIAL MANAGEMENT (15 POINTS)


    Semester 2 (1195)

    Course prescription
    This is an introductory course in finance that focuses on the practical aspects of corporate
    finance. Topics covered include the mathematics of finance, security valuation, investment
    and financing decisions, risk and return tradeoff, and the fundamentals of international
    financial management. The goal is to equip students with the basic skills that will be
    supplemented and extended in FINANCE 261 and the year three finance papers.

    Course advice
    It is assumed that you will be familiar with the core notions in accounting and finance,
    as well as those of economics and management, at the level of a first year university
    course. If you lack confidence in your ability to deal with some of the basic concepts, we
    strongly suggest that you review your lecture notes.

    Many of the concepts you encounter will likely be completely new to you. We will guide
    you through the learning process in lectures. Gaining a deeper understanding will require
    a great deal of effort from you, we do not expect you to understand immediately and fully
    the concepts we discuss in lectures. We can only hope that you will think about these
    further after the lectures, read the textbook and complete the revision problems we have
    assigned. Although this paper schedules only three formal hours of lectures per week
    students are expected to devote at least six additional hours each week in reading and
    revision and attend any tutorials that may be offered. Please make use of the Help Desk
    prior to contacting the course lecturers for any clarification of the course material.

    Students are expected to have a reasonable degree of competence in basic algebra,


    Microsoft Excel and Word.

    Prerequisite: ACCTG 102 or 192


    Recommended: ECON 101, ECON 111, ECON191and MGMT101

    Goals of the course


    The main aim of this course is to introduce a set of concepts that are necessary for more
    advanced finance papers (FIN261, FIN351, FIN361, and FIN362).

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    Learning outcomes (LO)
    # Learning outcome Graduate profile capability*

    LO1 Identify the objective of the 1. Disciplinary knowledge and practice


    firm, the role of managerial
    finance and outline the
    implications of the separation
    of ownership and control.
    LO2 Demonstrate the importance of 1. Disciplinary knowledge and practice
    cash-flows to financial planning
    and apply a variety of time-
    value-of-money formulae and
    techniques.
    LO3 Discuss the relationship between 1. Disciplinary knowledge and practice
    risk and return and demonstrate
    2. Critical thinking
    how risk is measured through
    Capital Asset Pricing Model
    (CAPM).

    LO4 Explain the general concept of 1. Disciplinary knowledge and practice


    valuing financial assets and
    calculate the value of debt and
    equity securities.

    LO5 Evaluate long-term investment 3. Solution seeking


    decisions by applying a variety of
    capital budgeting techniques and 4c. Engagement (Collaboration)
    appraising risk and refinements in
    capital budgeting.

    LO6 Evaluate short-term financial 3. Solution seeking


    decisions and explain the costs
    and benefits of different working
    capital management financing
    strategies.

    LO7 Evaluate long-term financial 3. Solution seeking


    decisions and describe the factors
    that influence a firm’s optimal
    capital structure and payout
    policies

    LO8 Explain the importance of 3. Solution seeking


    international managerial finance
    4b. Communication (Written)
    and risk management using
    simple hedging strategies
    * See the graduate profile this course belongs to at the end of this course outline.

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    Content outline
    Relevant learning Assessment
    Module Topic
    resources/activities due this period

    1 Introduction Chapters 1, 2

    2 Financial Tools Chapters 3, 4

    3 Risk, return and cost of capital Chapters 5 & 11 Mid-semester


    Test

    4 Valuation of securities Chapters 6, 7

    5 Long-term investment decisions Chapters 8, 9 & 10

    6 Short-term financing decisions Chapters 12

    7 Long-term financing decisions Chapters 13, 14 & 15 Assignment

    8 Risk management and international Chapters 18, 19


    financial management

    Learning and teaching


    Lectures

    Venue Day Time

    FPAA/260-115 Monday 8.00am – 9.00am

    FPAA/260-115 Tuesday 8.00am – 9.00am

    FPAA/260-115 Friday 8.00am – 9.00am

    Tutorials

    Venue Day Time

    PLT2/303-G02 Monday 2.00pm – 3.00pm

    ALR1/421W-201 Thursday 10.00am – 11.00am

    ALR1/421W-201 Thursday 11.00am – 12.00noon

    Teaching staff
    Name Location Office hours email

    Graeme Treasure 260-579 TBA [email protected]

    Dulani Jayasuriya 260-527 TBA [email protected]

    Brianna Wang 260-579 TBA [email protected]

    Nava Ramezanian 260-601 TBA [email protected]

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    Learning resources
    The recommended textbook is:
    Parrino, Au Yong, Dempsey, Morkel-Kingsbury, Ekanayake, James & Murray (2019)
    Fundamentals of Corporate Finance (3rd Ed.). Wiley:Australia

    It is highly recommended that you purchase this e-text (also available in print form) as it
    will be referred to and used extensively throughout the course. Lecture notes and further
    readings will also be posted on Canvas. Please download them yourself.

    In the lecture notes, you will find recommended problems from the 3rd edition of your
    textbook. They are designed to test and reinforce your understanding of the materials
    covered in the lectures.

    The following book provide a useful background to business writing, a skill that is
    necessary for gaining a high grade in this course:

    Emerson, E. (2005) Writing Guidelines for Business Students, Thomson Dunmore Press.

    Assessment information
    Group and/or
    Assessment task Weight % Submission
    individual
    Mid-term test 20% Individual Written

    Assignments 20% Individual Electronic

    Final exam 60% Individual Written

    Pass requirements
    You must achieve an overall mark of 50% or higher to pass this course

    Description of assessment tasks

    Assessment task Learning outcome to be assessed

    Mid-term test 1–3

    Assignments 1–7

    Final Exam 1–8

    Inclusive learning
    Students are urged to discuss privately any impairment-related requirements face-to-
    face and/or in written form with the courses convenor/lecturer and/or tutor.

    Academic integrity
    The University of Auckland will not tolerate cheating, or assisting others to cheat, and
    views cheating in coursework as a serious academic offence. The work that a student
    submits for grading must be the student’s own work, reflecting his or her learning.
    Where work from other sources is used, it must be properly acknowledged and
    referenced. This requirement also applies to sources on the worldwide web. A student’s

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    assessed work may be reviewed against electronic source material using computerised
    detection to provide an electronic version of their work for computerised review.

    Student feedback
    Student course evaluations are requested at the end of each semester.

    In the event of an unexpected disruption


    We undertake to maintain the continuity and standard of teaching and learning in all
    your courses throughout the year. If there are unexpected disruptions, the University
    has contingency plans to ensure that access to your course continues and your
    assessment is fair, and not compromised. Some adjustments may need to be made in
    emergencies, In the event of a disruption, the University and your course coordinators
    will make every effort to provide you with up to date information via Canvas and the
    University website.

    Graduate profile for Bachelor of Commerce


    The following six themes represent the capabilities that the Business School seeks to
    foster in all of its graduates. The development of these capabilities does not come all at
    once, but rather is expected to build from year to year. Each course is not expected to
    contribute to all capabilities, but each course will have its own goals and learning
    outcomes that relate to the overall development of this profile.

    Graduate Profile

    Disciplinary knowledge and practice


    Graduates will be able to demonstrate and apply a breadth of knowledge across
    disciplines, as well as specialist knowledge within one or more of them, while
    recognising the relevancy of this knowledge within a global context.

    Critical thinking
    Graduates will be able to analyse and critique theory and practice to develop well-
    reasoned arguments.

    Solution seeking
    Graduates will be able to identify and frame problems using analytical skills to
    create and evaluate innovative solutions.

    Communication and engagement


    Graduates will be able to collaborate and communicate effectively in diverse
    contexts using multiple formats.

    Independence and integrity


    Graduates will be able to respond professionally and ethically, demonstrating a
    capacity for independent thought and learning.

    Social and environmental responsibility


    Graduates will recognise the significance of the principles underpinning the Treaty
    of Waitangi and consider their obligations in relation to sustainability, whilst
    displaying constructive approaches to diversity.

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