FNCE90060 - Financial Management
This subject is designed to equip students with the tools necessary to enable them to make the core decisions faced by managers and investors. The first part of the subject deals with establishing the environment in which organizations operate, namely the objectives of the suppliers of financial and human capital. The subject then considers the basic tools commonly employed by financial managers and investors including discounted cash flow techniques and financial mathematics. Measures and definitions of alternative forms of risk are considered and the relation between risk and expected reward in capital markets is established. Finally, the subject considers the important decisions faced by firms (such as investment, financing and dividend policy) and by investors (the composition of their optimal portfolio of stocks).
FNCE90018 - Corporate Financial Policy
This subject provides an extended analysis of capital budgeting, capital structure, dividend policy and corporate risk management. Topics include the effect of the dividend imputation system of taxation on dividend policy, capital structure and capital budgeting; a comprehensive analysis of corporate structure and capital budgeting; a comprehensive analysis of corporate acquisitions and restructuring; a detailed examination of alternative funding mechanisms including leases; and a discussion of current issues in Australia corporate finance.
FNCE90059 - Finance Thesis Workshop
A number of seminars will be held during the year to discuss various aspects of the program including bibliographic and other resources available to students and a range of analytical and empirical research methods and techniques used in Finance. Among other things, the workshops provide a forum for students to discuss and develop their own research proposals, and to develop seminar and conference presentation ability.
FNCE90047 - Financial Markets and Instruments
The structure of the financial system; terminology, trading and pricing of money and capital market instruments; duration, value at risk, financial market volatility; term structure of interest rates; inflation, interest rates and indexed securities; regulation of securities markets and financial institutions; market; tax treatment of financial institutions; tax and company finance; futures markets; options markets; forward rate agreements; swaps; developments in retail financial markets.
FNCE40001 - Advanced Corporate Finance
This subject introduces a study of recent literature in a number of areas of financial management. Topics include real options, mergers and acquisitions, capital structure decisions, dividend policy, security analysis and design, and corporate hedging.