units

AFF5250

Faculty of Business and Economics

Postgraduate - Unit

This unit entry is for students who completed this unit in 2013 only. For students planning to study the unit, please refer to the unit indexes in the the current edition of the Handbook. If you have any queries contact the managing faculty for your course or area of study.

print version

6 points, SCA Band 3, 0.125 EFTSL

To find units available for enrolment in the current year, you must make sure you use the indexes and browse unit tool in the current edition of the Handbook.

LevelPostgraduate
FacultyFaculty of Business and Economics
Organisational UnitDepartment of Accounting and Finance
OfferedCaulfield First semester 2013 (Day)
Caulfield First semester 2013 (Evening)
Caulfield Second semester 2013 (Day)
Caulfield Second semester 2013 (Evening)

Synopsis

This unit covers five pillars of corporate treasury management:

  1. corporate finance (financing, investment, dividend payout)
  2. debt and equity markets and product design
  3. liquidity/net working capital management
  4. risk transfer, retention and management (exchange rate risk, interest rate risk, credit risk, and loan concentration risk)
  5. managing corporate treasury as a strategic unit.

Outcomes

The learning goals associated with this unit are to:

  1. design corporate treasury as a strategic business unit with clear structure, roles, functions and control systems
  2. appraise empirical approaches to net working capital management and the treasurer's role in managing profit-risk trade-off
  3. debate empirical estimation of hurdle rates and the treasurer's role in capital budgeting and project risk assessment
  4. debate empirical estimation of 'optimal' capital structure and the treasurer's role in optimising debt-equity mix
  5. debate Australia's dividend imputation tax system and its implications for corporate treasury goals and operations
  6. design debt and equity products (including financial and operational leases) with emphasis on pricing and market considerations
  7. evaluate treasury management systems and other decision support systems
  8. apply critical thinking, problem solving and presentation skills to individual and / or group activities dealing with corporate treasury management and demonstrate in an individual summative assessment task the acquisition of a comprehensive understanding of the topics covered by AFF5250.

Assessment

Within semester assessment: 50%
Examination: 50%

Chief examiner(s)

Contact hours

3 hours per week

Co-requisites

Students must be enrolled in course 0504, 2619, 3189, 3818, 3850 or 4412 to undertake this unit