Business Finance Essay

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Course Instructors
FINS1613 – Business Finance







Introduction to FINS1613,
Business Finance

FINS1613_S2_2010_L1




Ms. Xiangping You
Room:
ASB 365
E-mail: x.you@unsw.edu.au
Direct telephone: 9385 5865
Lecturer Week 1-9
Lecturer Week 10-12 is Dr. Zhian Chen(Lecturerin-charge)
For contact details see Course Outline or
Blackboard

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FINS1613_S2_2010_L1

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Learning Objectives for FINS1613
This subject introduces the theoretical basis and analytical framework for corporate financial decision making.
 It is concerned with both company investment decisions and the determination of the financing mix necessary to achieve the company’s financial objectives.


FINS1613_S2_2010_L1





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You must be enrolled in a tutorial


You must be enrolled in a Stream to take this course If a Stream is full, you will have to attend the other one to comply with UNSW fire safety regulations FINS1613_S2_2010_L1

FINS1613_S2_2010_L1

Assessment for FINS1613

Four Streams are offered in Semester 2,
2010


These items are discussed in much more detail in the Course Outline which you should read CAREFULLY and make sure that you understand.

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Structure of FINS1613


The following slides highlight some important features about
FINS1613.




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Tutorial allocation takes place via the MyUNSW system. If you are not already enrolled in a tutorial –
ENROL!
If you are not enrolled you will automatically get zero for the tutorial component of the course. FINS1613_S2_2010_L1

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Assessment for FINS1613

Assessment for FINS1613




Assessment comprises:


Tutorial Component
Of which:
 Attendance
A
d
 Participation
 4 Quizzes






50%

5%
5%
4 x 10% = 40%

Final Exam
Total

You must complete and pass both components of the course.



50%
100%

FINS1613_S2_2010_L1

A pass is defined as a score of at least 25/50 from the tutorial component and 25/50 from the formal examination component of the course.

Failure to achieve this mark in one component will result in a fail, irrespective of your performance in the other component

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FINS1613_S2_2010_L1

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Text Book for FINS1613


FINS1613

The required text for this course is:





Essentials of Corporate Finance (1st Australian and New Zealand edition)
Authors: Stephen A. Ross, Rowan Traylor, Ron
Bird, Randolph W. Westerfield and Bradford D.
Jordan
Publisher: McGraw Hill Irwin, 2008


Business Finance
Lecture 1:
Basic Concepts

There are also some other texts listed in the course outline that you may find useful in addition to this one. FINS1613_S2_2010_L1

Readings: RTBWJ Chapter 1

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Lecture 1: Learning Objectives







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Forms of Business Organisation

Be able to discuss and compare the different forms of business organisation
Know the basic types of financial management decisions & the role of the financial manager
Evaluate the goal of financial management
Be able to discuss how the separation of ownership and control of business organisations can create agency problems or agency costs and how these costs might be managed.
Understand the relationship between the firm and financial markets.
FINS1613_S2_2010_L1

FINS1613_S2_2010_L1

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The most common legal forms are:






Sole proprietorships
Partnerships
Corporations

There are also hybrid organisations that combine characteristics of the three previous types.


The composition of the firm is picked to try and maximise the advantages available to the owners and managers of the firm.
FINS1613_S2_2010_L1

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Sole Proprietorships

Sole Proprietorships (continued)

A



business organisation that is owned
(and operated) by a single individual

Disadvantages of a Sole Proprietorship



 Advantages
Ad
t

off a Sole
S l Proprietorship
P
i t hi Simple to establish
 Generally few government regulations
 Owner keeps all the profits





FINS1613_S2_2010_L1




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Partnerships







 Advantages

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A

business organisation that is legally registered as an entity

Difficult
Show More

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