FIN2101-Business Finance ll 1 Course Introduction Welcome This section introduces the course provides a course outline and introduces the course leader Course Personnel Course Leader Rex zeeman Phone (07)46312423 Messages(Outreach Services)(07)4631 2285 Room L305
FIN2101 ñ Business Finance II 1 Course Introduction Welcome This section introduces the course, provides a course outline and introduces the course leader. Course Personnel Course Leader Rex Zeeman Email zeeman@usq.edu.au Phone (07) 4631 2423 Messages (Outreach Services) (07) 4631 2285 Room L305
2 FIN2101-Business Finance ll Course Overview Financing Cost of Capital Structure Policy Sources of Management Takeovers Leases Investment and Financing Decisions Int Management
2 FIN2101 ñ Business Finance II Course Overview Financial Decisions Investment Decisions Financing Decisions Dividend Decisions Cost of Capital Capital Structure Dividend Policy Working Capital Management Sources of Finance Takeovers Leases International Financial Management Interaction of Investment and Financing Decisions
FIN2101-Business Finance ll 3 Course Outline Business Finance lI is the second of the two courses in the corporate finance area. It follows on from FIN1101 Business Finance I which in many ways was a context setting course aimed at developing skills and techniques which students can apply in this course. The course is structured so that students first complete their examination of the investment decision (modules 1 to 5)and then look at the financing decision(modules 6 to 8). The interaction of the investment and financing decisions is covered in module 9. The dividend decision is explored in module 10, and the course then concludes with a look at international financial management in module 11 The preceding course overview will give you a good idea of the areas covered in the course students look at risk-return analysis and modern portfolio theory PM). In this module, Module 1 commences a look at the capital asset pricing model(o Module 2 continues with the development of the capital asset pricing model (CAPm) Module 3 examines the application of the capital asset pricing model( CAPM) as a pricing model and as a method of calculating the cost of equity capital. The module concludes with a discussion on the efficient market hypothesis(EMH) Module 4 is concerned with working capital management, a very important area given the level of investment in cash, inventory and accounts receivable by firms. Students are introduced over a 2-week period to a number of models which will aid in the management of the firms current assets Module 5 involves an analysis of takeovers/mergers. The module looks at takeovers from both a theoretical and practical point of view Module 6 commences our look at the financing decision of the firm introducing the student to the various sources of finance(debt and equity, short- and long-term) available to the fin Module 7 looks at capital structure and whether or not the value of the firms shares is affected by the way it finances its activities Module 8 is concerned with lease financing, a specific source of finance used by firms Module 9 brings together the investment and financing decisions. Techniques for ncorporating the effects of financing into the investment decision are examined Module 10 introduces students to the dividend issue. does the firm s dividend policy affect the market price of the firms shares? Module 11 concludes the course and is concerned with international financial management With a large number of Australian firms involved in international trade and Australia playing a key role in the international capital market, an examination of international financial management issues Is Important
FIN2101 ñ Business Finance II 3 Course Outline Business Finance II is the second of the two courses in the corporate finance area. It follows on from FIN1101 Business Finance I which in many ways was a ‘context setting’ course aimed at developing skills and techniques which students can apply in this course. The course is structured so that students first complete their examination of the investment decision (modules 1 to 5) and then look at the financing decision (modules 6 to 8). The interaction of the investment and financing decisions is covered in module 9. The dividend decision is explored in module 10, and the course then concludes with a look at international financial management in module 11. The preceding course overview will give you a good idea of the areas covered in the course. Module 1 commences a look at the capital asset pricing model (CAPM). In this module, students look at risk-return analysis and modern portfolio theory. Module 2 continues with the development of the capital asset pricing model (CAPM). Module 3 examines the application of the capital asset pricing model (CAPM) as a pricing model and as a method of calculating the cost of equity capital. The module concludes with a discussion on the efficient market hypothesis (EMH). Module 4 is concerned with working capital management, a very important area given the level of investment in cash, inventory and accounts receivable by firms. Students are introduced over a 2-week period to a number of models which will aid in the management of the firm’s current assets. Module 5 involves an analysis of takeovers/mergers. The module looks at takeovers from both a theoretical and practical point of view. Module 6 commences our look at the financing decision of the firm, introducing the student to the various sources of finance (debt and equity, short- and long-term) available to the firm. Module 7 looks at capital structure and whether or not the value of the firm’s shares is affected by the way it finances its activities. Module 8 is concerned with lease financing, a specific source of finance used by firms. Module 9 brings together the investment and financing decisions. Techniques for incorporating the effects of financing into the investment decision are examined. Module 10 introduces students to the dividend issue. Does the firm’s dividend policy affect the market price of the firm’s shares? Module 11 concludes the course and is concerned with international financial management. With a large number of Australian firms involved in international trade and Australia playing a key role in the international capital market, an examination of international financial management issues is important
4 FIN2101-Business Finance ll Communication Student Enquiries You should carefully read the information provided in your Distance Education Student Guide oncerning contact details and support services Enquiries via the Internet If you have Internet access, USQAssist is the most efficient method for requesting support assistance. This is a web self-service facility for all students. You can find answers to common questions ask a question; and/or track the progress of a question By typing a keyword in the search field, you can find answers to many of the questions frequently asked by students, including course troubleshooters. To access USQAssist, go to http:/usqassist.usq.edu.auorclickonusqassiSt'iNUsqcOnneCt Enquiries via Telephone or Facsimile Alternatively, you can ask for support via telephone or fax International Students All Other students Contact your Local Support Office All administrative queries should be for further assistance. If there is no directed to the Outreach Services in Local Support Office in your country the Distance Education Centre you should contact the International(DEC)or your Regional Liaison Office at USO Officer Telephone: 61 746312362(International Office)0746312285(Outreach Services) 61746362211(International Office)07 46361049(Outreach Services) 61746359225 WebfoRm:http://usqconnect.usq.edu.au/usqassist Email: iosupport(@usq. edu. outreach @usq.edu.au
4 FIN2101 ñ Business Finance II Communication Student Enquiries You should carefully read the information provided in your Distance Education Student Guide concerning contact details and support services. Enquiries via the Internet If you have Internet access, USQAssist is the most efficient method for requesting support assistance. This is a web self-service facility for all students. You can: • find answers to common questions; • ask a question; and/or • track the progress of a question. By typing a keyword in the search field, you can find answers to many of the questions frequently asked by students, including course troubleshooters. To access USQAssist, go to http://usqassist.usq.edu.au or click on ‘USQAssist’ in USQConnect. Enquiries via Telephone or Facsimile Alternatively, you can ask for support via telephone or fax. International Students All Other Students Contact your Local Support Office for further assistance. If there is no Local Support Office in your country you should contact the International Office at USQ. All administrative queries should be directed to the Outreach Services in the Distance Education Centre (DEC) or your Regional Liaison Officer. Telephone: 61 7 46312362 (International Office) 07 46312285 (Outreach Services) Fax: 61 7 46362211 (International Office) 61 7 46359225 07 46361049 (Outreach Services) Web Form: http://usqconnect.usq.edu.au/usqassist Email: iosupport@usq.edu.au outreach@usq.edu.au
FIN2101-Business Finance lI 5 USQConnect USQConnect provides you with online access to information, services and course resources relevant to your studies from a convenient, central point. This integrated approach means you are assured of wide-ranging, up-to-date information via a consistent and easy-to-use interface ToaccessUsqcOnneCt,gototheUsqHomepageathttp://www.usq.edu.auandclickon UsqcOnneCt,orgodirectlytotheUsqcOnneCtUrlathttp://usqconnect.usq.edu.au.You will require a USQConnect username and password to access the system. You will be notified of this username and password by Student Administration on your first Enrolment Notice and Statement of account In USQConnect, your UsQ Study desk gives access to electronic course materials and resources(where appro electronic course discussion facilities As each course has specific learning requirements, availability of these features will vary between courses Note: Up-to-date information about using the Study Desk is available on the USQConnect homepage beside the Study Desk' link USQAdmin allows you to access a number of student administration functions such as changing your contact details, checking your enrolment details, accessing Learning Circles, checking assignment results and final grades, changing your exam centre, and more USQConnect also gives access to the library and the Academic Support site, as well as the Quick Links list of University sections and services
FIN2101 ñ Business Finance II 5 USQConnect USQConnect provides you with online access to information, services and course resources relevant to your studies from a convenient, central point. This integrated approach means you are assured of wide-ranging, up-to-date information via a consistent and easy-to-use interface. To access USQConnect, go to the USQ Homepage at http://www.usq.edu.au and click on USQConnect, or go directly to the USQConnect URL at http://usqconnect.usq.edu.au. You will require a USQConnect username and password to access the system. You will be notified of this username and password by Student Administration on your first Enrolment Notice and Statement of Account. In USQConnect, your USQ Study Desk gives access to: • electronic course materials and resources (where appropriate); and • electronic course discussion facilities. As each course has specific learning requirements, availability of these features will vary between courses. Note: Up-to-date information about using the Study Desk is available on the USQConnect homepage beside the ‘Study Desk’ link. USQAdmin allows you to access a number of student administration functions such as changing your contact details, checking your enrolment details, accessing Learning Circles, checking assignment results and final grades, changing your exam centre, and more. USQConnect also gives access to the Library and the Academic Support site, as well as the Quick Links list of University sections and services