BUS Subjects

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 organizations.

Unit Content

Curriculum Objective

TBA

Outcomes

1. Explain the importance of the time value of money, risk and return and cash flow when making informed business decisions;
2. Explain and apply the principles of Discounted Cash Flow analysis;
3. Demonstrate an understanding of financial planning and control within an organization;
4. Discuss how organizations make investment and distribution decisions;
5. Capacity to reflect critically on the wider ethical and theological issues in business and by discounted cash flow decision making;
6. Apply the mathematics of finance to analyze 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

1. Introduction to financial management
2. Time Value of Money (TVM)
3. Application of TVM
4. Financial Planning and Analysis 
5. Risk and rates of return
6. Introduction to valuation
7. Introduction to Capital Budgeting
8. Capital Budgeting II – cash flow/projects
9. Capital Budgeting III - incorporating risk
10. Financial decision making in the government and NFP sectors 
11. Managing the cost of capital