ACC515 Accounting & Finance (8)
CSU Discipline Area: Accounting (ACCOU)
Duration: One session
Abstract:
This subject integrates the study of the accounting and finance functions of the firm in the context of a global financial institutional environment. The subject examines the objectives of corporate finance and develops specific student competencies pertinent to corporate treasury management and institutional finance.
+ Subject Availability Modes and Locations
| Session 1 | |
|---|---|
| Internal | CSU Study Centre Melbourne |
| Internal | CSU Study Centre Sydney |
| Internal | Wagga Wagga |
| Distance * | Wagga Wagga |
*This subject offering contains a residential school. Please view following information for further details.
Continuing students should consult the SAL for current offering details: ACC515
Where differences exist between the Handbook and the SAL, the SAL should be taken as containing the correct subject offering details.
Assumed Knowledge:
Assumed knowledge in this subject is equivalent to that covered in ACC566 .
Enrolment restrictions:
Postgraduate students only. Not available to students who have completed FIN510 , FIN516 or FIN571 .
Objectives:
Upon successful completion of this subject, students should:
- be able to explain the congruence of the accounting, finance and treasury functions and the role and objectives of financial management in contemporary organisations;
- be able to critically evaluate mainstream financial theory;
- be able to discuss ethical considerations in financial dealings;
- be able to demonstrate appropriate communication skills and specific competencies in utilising quantitative techniques in financial analysis.
Syllabus:
The subject will cover the following topics:
- The relevance to accounting of the finance function
- Desirable characteristics of reports to financial managers
- Concepts of opportunity cost and present value
- Valuation of shares and debentures
- Discounted cash flow (DCF) analysis
- Investment criteria and decisions
- Alternative investment analysis methods
- Evaluation of investment decision methods
- Risk analysis
- Required rates of return
- Project evaluation
- Decision making under capital rationing
- Cost of capital
- Measuring portfolio risk
- Relationship between risk and return
- Markowitz and portfolio theory
- The Capital Assets Pricing Model
- Arbitrage Pricing Theory
- Financing and dividend policies
- Financial leverage
- Efficient market theory
- National and international sources of finance
- Management of accounts receivable
- Management of working capital
- Lease financing, options and contingent claims
- Hedging financial risk
- Financial futures
- International finance.
Residential School
This subject contains a compulsory 3 day residential school.
The primary objectives of the residential school are: to provide an interactive face to face learning environment, to answer student questions about the subject and to assist students to focus their studies for the remainder of the session. Staff at the residential school will review the subject material covered up to that date and outline the remaining topics. Subject readings will be discussed and placed in context.
The information contained in the 2013 CSU Handbook was accurate at the date of publication: 24 April 2013. The University reserves the right to vary the information at any time without notice.