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The core principles of the financial management of business firms.
Solve problems utilising time value of money calculations; Understand basic differences between accounting numbers and cash flow numbers and be able to convert accounting numbers into cash flow numbers for valuation; Understand issues, at a basic level, concerning the pricing of and yield to maturity of bonds and be able to price bonds; Understand and be able to solve simple financial planning models; Understand and be able to solve simple financial planning models; Understand and be able to solve problems concerning working capital (cash, inventory, accounts receivable and accounts payable) policy; Understand and use the discounted dividend model (including growth) for stock valuation; Understand the strengths and weaknesses of a range of project evaluation techniques including payback, net present value, and internal rate of return;Understand and analyze a basic investment decision using a range of project evaluation techniques; Understand cost of capital concepts including opportunity cost of capital and understand and compute a firm's weighed average cost of capital; Understand issues concerning the capital structure of the firm; Understand a range of dividend policies.
ACCT102 and STAT101 or MSCI110, plus at least 45 additional 100-level points from the BCom or BSC schedules. RP: Students without a mathematics background equivalent to NCEA Level 2 should pass MATH101 before enrolling in this course.
FINC202, AFIS204
AFIS204
Students without a mathematics background equivalent to NCEA Level 2 should pass MATH101 before enrolling in this course.
Debra Reed
In order to pass this course, students are required to receive a mark of at least 50% on the final examination. This means you can get a 50% overall and still fail the course because you did not earn 50% on the final exam.If you earn between 50-54% on the final exam, you will receive a C- which will not be sufficient to go on to 300-level finance and will not be sufficient for NZICA. However, you will receive the 15 points of credit toward your degree.
Brealey, Richard A., Myers, Stewart C., Marcus, Alan J; Fundamentals of corporate finance ; 7th; McGraw Hill, 2012.
This course will use Microsoft PowerPoint in lectures. The slides will be available on LEARN before class. There will be gaps that you will need to complete during the lecture. The complete slides will not be available to students. If you miss the lecture, you will need to depend on other students to get the material. You will need to be familiar with material other than the PowerPoint presentations such as the textbook, lecture notes, tutorial material and any other supplementary material.
Domestic fee $655.00
International fee $2,888.00
* All fees are inclusive of NZ GST or any equivalent overseas tax, and do not include any programme level discount or additional course-related expenses.
For further information see Department of Economics and Finance .