Details for Financial Decision Making
Financial Decision Making provides an introduction to some of the key skills required for good financial management within a Christian worldview. It provides the techniques and skills that facilitate objective analysis and evaluation of alternatives that enable both strategic decision making and day-to-day management decisions. The course takes a practical approach using examples taken from both Australian and international organisations
Quick Info
- Currently offered by Alphacrucis: Yes
- Course code: BUS202
- Credit points: 10
- Subject coordinator: Philip Lee
Awards offering Financial Decision Making
This unit is offered as a part of the following awards:
- Associate Degree in Business
- Associate Degree in Ministry
- Bachelor of Arts
- Bachelor of Arts and Bachelor of Applied Social Science
- Bachelor of Arts and Bachelor of Business
- Bachelor of Arts and Bachelor of Education (Secondary)
- Bachelor of Business
- Bachelor of Business and Bachelor of Ministry
- Bachelor of Business and Bachelor of Theology
- Diploma of Arts
- Diploma of Business and Diploma of Entrepreneurship
- Diploma of Business and Diploma of Leadership
- Diploma of Business and Diploma of Ministry
- Diploma of Chaplaincy
- Diploma of Chaplaincy and Diploma of Leadership
- Diploma of Chaplaincy and Diploma of Ministry
- Diploma of Entrepreneurship and Diploma of Leadership
- Diploma of Entrepreneurship and Diploma of Ministry
- Undergraduate Certificate in Arts
- Undergraduate Certificate in Business Studies
Unit Content
Curriculum Objective
TBA
Outcomes
- Explain the importance of the time value of money, risk and return and cash flow when making informed business decisions;
- Explain and apply the principles of Discounted Cash Flow analysis;
- Demonstrate an understanding of financial planning and control within an organisation;
- Discuss how organisations make investment and distribution decisions;
- Capacity to reflect critically on the wider ethical and theological issues in business and by discounted cash flow decision making;
- Apply the mathematics of finance to analyse and solve business problems in a variety of commercial and NFP settings. The analysis methods will include the time value of money, risk and return analysis, discounted cash flow, capital budgeting with NPV & IRR, as well as bond and share valuation, with a focus on contemporary Excel applications.
Subject Content
- Introduction to financial management
- Time Value of Money (TVM)
- Application of TVM
- Financial Planning and Analysis
- Risk and rates of return
- Introduction to valuation
- Introduction to Capital Budgeting
- Capital Budgeting II – cash flow/projects
- Capital Budgeting III - incorporating risk
- Financial decision making in the government and NFP sectors
- Managing the cost of capital
- Financial modelling
This course may be offered in the following formats
- Face-to-Face
- Distance/ Global Online
Assessment Methods
- Onine Exams (30%)
- Essay (20%)
- Exam (50%)
Prescribed Text
- Titman, S., Martin, T., Keown, A.J. & Martin, J.D. (2019). Financial Management: Principles and Applications (8th ed.). Frenchs Forest, N.S.W: Pearson Australia
Check with the instructor each semester before purchasing any textbooks