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

    2021
  • 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 introduces students to the world of modern finance, and how individuals and companies make investment and financing decisions. It covers the concepts of time value of money, basic asset valuation, the risk and return paradigm, capital budgeting and costs of capital for companies. Upon completion, students will be able to value financial assets such as stocks and bonds; financial transactions such as loans, annuities and perpetuities; evaluate stock market investments based on returns and risk characteristics; and identify capital projects that maximise shareholders’ wealth using a range of analytical tools; and consider the implications of financing decisions on the costs of capital for companies. Students will consider current issues and developments in the Australian and global financial markets through the unit.

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 financial objectives of a firm, financial markets and ethical issues.
  2. Time Value of Money.
  3. Valuation of debt and shares.
  4. Returns and risk of investments and portfolio theory.
  5. The Weighted Average Cost of Capital.
  6. Capital Budgeting and Discounted Cash Flow techniques.
  7. Evaluating uncertainty in projects.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Students will learn to use real-time financial market databases, and to analyse the information using Microsoft Excel spreadsheet tools. There is also a focus on developing proficiency in numeracy skills during the semester.

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 School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestOnline tests20%
AssignmentGroup Research Assignment30%
ExaminationExam50%
ONLINE
TypeDescriptionValue
TestOnline tests20%
AssignmentGroup Research Assignment30%
ExaminationExam50%

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of Corporate Finance (10th ed.). Mc-Graw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5989428
  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of Corporate Finance (10th ed.). Mc-Graw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5989428

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

    2021
  • 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 introduces students to the world of modern finance, and how individuals and companies make investment and financing decisions. It covers the concepts of time value of money, basic asset valuation, the risk and return paradigm, capital budgeting and costs of capital for companies. Upon completion, students will be able to value financial assets such as stocks and bonds; financial transactions such as loans, annuities and perpetuities; evaluate stock market investments based on returns and risk characteristics; and identify capital projects that maximise shareholders’ wealth using a range of analytical tools; and consider the implications of financing decisions on the costs of capital for companies. Students will consider current issues and developments in the Australian and global financial markets through the unit.

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 financial objectives of a firm, financial markets and ethical issues.
  2. Time Value of Money.
  3. Valuation of debt and shares.
  4. Returns and risk of investments and portfolio theory.
  5. The Weighted Average Cost of Capital.
  6. Capital Budgeting and Discounted Cash Flow techniques.
  7. Evaluating uncertainty in projects.

Learning Experience

ON-CAMPUS

Students will attend on campus classes as well as engage in learning activities through ECUs LMS

JoondalupMount LawleySouth West (Bunbury)
Semester 113 x 2 hour seminarNot OfferedNot Offered
Semester 213 x 2 hour seminarNot OfferedNot Offered

For more information see the Semester Timetable

ONLINE

Students will engage in learning experiences through ECUs LMS as well as additional ECU l

Additional Learning Experience Information

Students will learn to use real-time financial market databases, and to analyse the information using Microsoft Excel spreadsheet tools. There is also a focus on developing proficiency in numeracy skills during the semester.

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 School Progression Panel.

ON CAMPUS
TypeDescriptionValue
TestOnline tests20%
AssignmentGroup Research Assignment30%
ExaminationExam50%
ONLINE
TypeDescriptionValue
TestOnline tests20%
AssignmentGroup Research Assignment30%
ExaminationExam50%

Core Reading(s)

  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of Corporate Finance (10th ed.). Mc-Graw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5989428
  • Brealey, R. A., Myers, S. C., & Marcus, A. J. (2020). Fundamentals of Corporate Finance (10th ed.). Mc-Graw Hill. Retrieved from https://ebookcentral.proquest.com/lib/ecu/detail.action?docID=5989428

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