Foundations of Finance

Foundations of Finance

Year: 2018-2019
Course code: ACCFIN1018
Course credits: 10
Taught: Semester 2
Course co-ordinator: Dr William Finlay
Entry requirements: See below for details. 
Excluded courses:  Students who have previously taken Business and Management 1A (MGT1001) and Business and Management 1B (MGT1002) are unable to take this course.
Available to visiting students: Yes
Contact for more information: Claire Cameron

Course description

ACCFIN1018, Foundations of Finance, is one of four 10-credit courses which comprise level 1 study in Business and Management.  Students will complete all four courses (40 credits in total) and achieve a minimum of grade D3 in each in order to progress to Level 2 study in Business and Management.

This course will introduce students to the fundamentals of finance and its link with other functions in an organisation. It will provide a theoretical and practical understanding on various aspects of financing and investing and equip students with tools and skills necessary to comprehend how financial decisions are made in a dynamic business environment. 

Aims

The aim of this course is to provide students with essential knowledge of the key issues and concepts in finance, which will widen their appreciation and clarity regarding the role of the finance function in any organisation. Students will be introduced to the basic concepts of finance and how these concepts are integrated into the organisation's strategies and performance as a whole.

Intended Learning Outcomes

By the end of this course, students will be able to:

  • Describe the role of financial management and its link with other functions in any organisation
  • Interpret financial statements by exploiting meaningful information about the company to understand how better financial and investment decisions are made
  • Identify competing sources, uses and costs of finance available to corporations
  • Appraise the importance of the concept of the time value of money and its application for general valuation and cash flow valuation
  • Differentiate between the various traditional capital appraisal techniques to understand their application for capital budgeting analysis
  • Show an understanding of the current business environment in which investment, financial and other business decisions are made

Learning and teaching methods

Lectures:  Tuesday and Friday (4.00 - 5.00pm) (2 x 1hr lectures x 10 weeks)
Tutorials: 1 x 1hr tutorials x 5 weeks

Tutorials are held at various times and can be selected on MyCampus.

Course texts

Hillier et al. (2017), "Foundations of Corporate Finance," 3rd European edition, McGraw-Hill Higher Education (ISBN13: 978-0-0771-7823-9)

Assessment

1 30-minute online exam (25%)
A 90-minute degree exam (April/May) (75%)

Entry Requirements

Arts and Science students in years 2 or above who would like to take a business-related course may be interested in:

  • MGT1003 - Entrepreneurship 1A
  • MGT 1004 - Entrepreneurship 1B
  • ACCFIN1001 - Introduction to Business Reporting and Financial Accounting
  • ACCFIN1006 -  Introduction to Management Accounting and Control
  • ACCFIN1016 - Introduction to Finance, Investments and Institutions

Note that the courses above do not have Honours pathways and, as such, are not suitable for students in year 1.