F|N2101 BUSINESS FINANCE Faculty of Business Introductory Book Semester 2 2003
FIN2101 BUSINESS FINANCE II Faculty of Business Introductory Book Semester 2 2003
University of Southern QI by Dec Distance Education Centre The University of Southern Queensland Toowoomba Qld 4350 Australia Copyrighted materials reproduced herein are used under the provisions of the Copyright Act 1968 as amended, or as a result of application to the copyright owner No part of this publication may be reproduced stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without prior permission Produced using FrameMaker5.5.6 on a Pentium workstation
The University of Southern Queensland, 2003. Published by Distance Education Centre The University of Southern Queensland Toowoomba Qld 4350 Australia http://www.usq.edu.au Copyrighted materials reproduced herein are used under the provisions of the Copyright Act 1968 as amended, or as a result of application to the copyright owner. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying, recording or otherwise without prior permission. Produced using FrameMaker5.5.6 on a Pentium workstation
TABLE OF CONTENTS PAGE Course Specification Course Introduction Course Personnel Course Outline Communication Student Enquiries USQConnect Study Schedule Course Evaluation(External Students Only) 2344567889 Course Assessment Assessment Schedule Faculty of Business Policy Course Resources T Assignment 1 66672 Assignment 2 Past Examination Solution to Final examination Student Feedback
TABLE OF CONTENTS PAGE Course Specification Course Introduction 1 Welcome 1 Course Personnel 1 Course Overview 2 Course Outline 3 Communication 4 Student Enquiries 4 USQConnect 5 Study Schedule 6 Course Evaluation (External Students Only) 7 Course Assessment 8 Assessment Schedule 8 Submission Details 9 Faculty of Business Policy 10 Course Resources 16 Study Material 16 Text 16 Assignment 1 17 Assignment 2 21 Past Examination 27 Solution to Final Examination Student Feedback 29
TheUniversity of Southern Queensland Course Specification AUSTRALIA Cat-Nbr Class Term Mode 2101 24115 2,2003 TWMBA Academic Group: FOBUS Academic Org: FOB009 HECS Band ASCED Code 081101 STAFFING Examiner: Rex Zeeman OTHER-REQUISITES It is highly recommended that you successfully complete either UsQ511ll or FINI101 before enrolling in this course. If you have not, you may find it difficult to successfully complete this course. SYNOPSIS Financial decisions within a firm can be divided into the investment, financing and dividend decision. The course Business finance i introduced students to the investment decisions This course completes the coverage of this decision, as well as examining the financing and dividend impacts. It examines working capital management, mergers/acquisitions and leasing. This course also recognises the need to consider international ramifications on the decision making proces OBJECTIVES On completion of this course students will be able understand and apply modern portfolio theory and the capital asset pricing model and discuss the efficient market hypothesis determine the optimal investment in working capital evaluate a takeover proposal and discuss the effects of takeovers/mergers in analyse and advise management in respect of capital structure decisions, including dvice on the appropriate sources of finance for business organisations dvise management on lease financing discuss the implications of alternative dividend policies for the firm examine the interaction of the investment and financing decisions discuss financial decision making in an international context
The University of Southern Queensland Course Specification Description: Business Finance II Subject Cat-Nbr Class Term Mode Units Campus FIN 2101 24115 2, 2003 EXT 1.00 TWMBA Academic Group: FOBUS Academic Org: FOB009 HECS Band: 2 ASCED Code: 081101 STAFFING Examiner: Rex Zeeman OTHER-REQUISITES It is highly recommended that you successfully complete either USQ51111 or FIN1101 before enrolling in this course. If you have not, you may find it difficult to successfully complete this course. SYNOPSIS Financial decisions within a firm can be divided into the investment, financing and dividend decision. The course Business Finance I introduced students to the investment decisions. This course completes the coverage of this decision, as well as examining the financing and dividend impacts. It examines working capital management, mergers/acquisitions and leasing. This course also recognises the need to consider international ramifications on the decision making process. OBJECTIVES On completion of this course students will be able to: • understand and apply modern portfolio theory and the capital asset pricing model, and discuss the efficient market hypothesis; • determine the optimal investment in working capital; • evaluate a takeover proposal and discuss the effects of takeovers/mergers in Australia; • analyse and advise management in respect of capital structure decisions, including advice on the appropriate sources of finance for business organisations; • advise management on lease financing; • discuss the implications of alternative dividend policies for the firm; • examine the interaction of the investment and financing decisions; • discuss financial decision making in an international context. Page - 1