School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Finance I
  • Unit Code

    ECF1120
  • Year

    2019
  • Enrolment Period

    1
  • Version

    3
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Jaime Li YONG

Description

This unit aims to provide students with a theoretical and practical understanding of the fundamental principles of finance. It introduces students to evaluation models that are used by finance practitioners to evaluate assets and investments. Students will start with the basic principles of time value of money, learning how to calculate repayments on loans and mortgages. This will lead to valuing bonds and shares and understanding the role they play both in the firm and in the market place. Students will also learn how a financial manager evaluates a project taking into consideration the cost of funding the project, its taxation implications and the risk associated with the project. Students will also develop an understanding of the nature of the firm, its objectives and the ethical implications of these objectives.

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply your knowledge of Time Value of Money to determine fair value of financial cash flows.
  2. Describe the relationship between risk and return, and apply techniques to quantify risk.
  3. Evaluate investment projects using techniques used by financial managers.
  4. Develop an awareness of current issues affecting financial markets locally and worldwide.
  5. Use financial tools such as formula, calculators, Microsoft Excel and financial databases to solve financial problems and make recommendations.

Unit Content

  1. The nature of a firm, its financial objectives and related ethical issues.
  2. The mathematics of finance.
  3. Valuation of financial assets; debt instruments and shares.
  4. Calculation of return and risk for investments and portfolio theory.
  5. A firm's financing decision and the Weighted Average Cost of Capital.
  6. A firm's investment decision: capital budgeting using discounted and non-discounted cash flow techniques.
  7. Evaluating risk in the investment decision.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot OfferedNot Offered
Semester 113 x 1 hour tutorialNot OfferedNot Offered
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour pass sessionNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a weekly lecture and a tutorial. The lectures provide an overview of the topic covered during that week. The tutorials are an essential part of the learning process in this unit. The tutorials enable practical and lively discussions with teaching staff and other students regarding the unit material so that you can measure your progress. Off-campus students will be supplied with unit materials to review each week via Blackboard and are expected to attempt assigned questions from each topic. Regular online access and participation on the discussion board is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationTutorial participation15%
TestOnline tests15%
AssignmentGroup Report20%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
ParticipationBlackboard participation15%
TestOnline tests15%
AssignmentGroup Report20%
ExaminationFinal examination50%

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF1120|3|1

School: Business and Law

This unit information may be updated and amended immediately prior to semester. To ensure you have the correct outline, please check it again at the beginning of semester.

  • Unit Title

    Finance I
  • Unit Code

    ECF1120
  • Year

    2019
  • Enrolment Period

    2
  • Version

    3
  • Credit Points

    15
  • Full Year Unit

    N
  • Mode of Delivery

    On Campus
    Online
  • Unit Coordinator

    Dr Jaime Li YONG

Description

This unit aims to provide students with a theoretical and practical understanding of the fundamental principles of finance. It introduces students to evaluation models that are used by finance practitioners to evaluate assets and investments. Students will start with the basic principles of time value of money, learning how to calculate repayments on loans and mortgages. This will lead to valuing bonds and shares and understanding the role they play both in the firm and in the market place. Students will also learn how a financial manager evaluates a project taking into consideration the cost of funding the project, its taxation implications and the risk associated with the project. Students will also develop an understanding of the nature of the firm, its objectives and the ethical implications of these objectives.

Learning Outcomes

On completion of this unit students should be able to:

  1. Apply your knowledge of Time Value of Money to determine fair value of financial cash flows.
  2. Describe the relationship between risk and return, and apply techniques to quantify risk.
  3. Evaluate investment projects using techniques used by financial managers.
  4. Develop an awareness of current issues affecting financial markets locally and worldwide.
  5. Use financial tools such as formula, calculators, Microsoft Excel and financial databases to solve financial problems and make recommendations.

Unit Content

  1. The nature of a firm, its financial objectives and related ethical issues.
  2. The mathematics of finance.
  3. Valuation of financial assets; debt instruments and shares.
  4. Calculation of return and risk for investments and portfolio theory.
  5. A firm's financing decision and the Weighted Average Cost of Capital.
  6. A firm's investment decision: capital budgeting using discounted and non-discounted cash flow techniques.
  7. Evaluating risk in the investment decision.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECU Blackboard.

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 1 hour lectureNot OfferedNot Offered
Semester 113 x 1 hour tutorialNot OfferedNot Offered
Semester 213 x 1 hour lectureNot OfferedNot Offered
Semester 213 x 1 hour pass sessionNot OfferedNot Offered
Semester 213 x 1 hour tutorialNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECU Blackboard as well as additional ECU learning technologies.

Additional Learning Experience Information

On-campus students attend a weekly lecture and a tutorial. The lectures provide an overview of the topic covered during that week. The tutorials are an essential part of the learning process in this unit. The tutorials enable practical and lively discussions with teaching staff and other students regarding the unit material so that you can measure your progress. Off-campus students will be supplied with unit materials to review each week via Blackboard and are expected to attempt assigned questions from each topic. Regular online access and participation on the discussion board is required.

Assessment

GS1 GRADING SCHEMA 1 Used for standard coursework units

Students please note: The marks and grades received by students on assessments may be subject to further moderation. All marks and grades are to be considered provisional until endorsed by the relevant Board of Examiners.

ON CAMPUS
TypeDescriptionValue
ParticipationTutorial participation15%
TestOnline tests15%
AssignmentGroup Report20%
ExaminationFinal examination50%
ONLINE
TypeDescriptionValue
ParticipationBlackboard participation15%
TestOnline tests15%
AssignmentGroup Report20%
ExaminationFinal examination50%

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433
  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2018). Fundamentals of Corporate Finance (9th ed., pp. xxxi, 726). New York: Mc-Graw Hill. Retrieved from https://ecu.on.worldcat.org/oclc/1020266433

Disability Standards for Education (Commonwealth 2005)

For the purposes of considering a request for Reasonable Adjustments under the Disability Standards for Education (Commonwealth 2005), inherent requirements for this subject are articulated in the Unit Description, Learning Outcomes and Assessment Requirements of this entry. The University is dedicated to provide support to those with special requirements. Further details on the support for students with disabilities or medical conditions can be found at the Access and Inclusion website.

Academic Misconduct

Edith Cowan University has firm rules governing academic misconduct and there are substantial penalties that can be applied to students who are found in breach of these rules. Academic misconduct includes, but is not limited to:

  • plagiarism;
  • unauthorised collaboration;
  • cheating in examinations;
  • theft of other students' work;

Additionally, any material submitted for assessment purposes must be work that has not been submitted previously, by any person, for any other unit at ECU or elsewhere.

The ECU rules and policies governing all academic activities, including misconduct, can be accessed through the ECU website.

ECF1120|3|2