Lectures acu


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Lectures acu

  1. 1. Meeting Australian Catholic UniversityFriday, 15 June 2012Prof. Grant Jones, Prof. Donald Ross
  2. 2. MATCHING SUBJECTS ON LECTURES (1/4) “FINANCIAL ANALYSIS”Unit “Financial Analysis and Business Valuation (BAFI602)”: Combine an analysis of accounting theory with financial analysis to arrive at a holistic understanding of the significance of financial statements, and the link between accounting and capital marketsUnit “Accounting for Decision Making (ACCT600)”: Use accounting information in making economic decisions.Unit “Business Accounting (ACCT104)”: Use of accounting information for decision making, basic analysis of financial statements, how to utilize accounting information in short term decision making.Unit “Accounting Information for Managers (ACCT200)”: Interpretation of accounting information, analysis and interpretation of financial reports. Topics for lectures:- Financial analysis of a bank and insurance company, and difference/comparison with a corporate.- What are the typical risk factors when looking at a financial institution?- What are the typical risk factors when looking at a company? 2
  3. 3. MATCHING SUBJECTS ON LECTURES (2/4) “FINANCIAL INSTRUMENTS” Unit “Principles of Finance (BAFN200)”: Develop an understanding of concepts, techniques and practices that are needed to make financial decisions in an increasingly competitive business environment. Unit “Financial Instruments and Institutions (BAFN205)”: Acquire a knowledge of the operations of the institutions and markets that comprise Australias financial system and develop an understanding of the instruments used in raising finance and in the management of risk posed by the financial system. Unit “Corporate Finance (BAFI600)”: These financial management decisions deal with financing (raising funds) investing (allocating funds to particular uses) and managing assets (evaluating operating practices) using a wealth maximizing framework. Topics for lectures:- Senior (un)secured/ covered/ subordinated Bonds, creditderivatives, structured finance (ABS/CDO).- Project finance, asset finance, commercial real estate finance, corporatefinance.- How do companies finance themselves?Loans, bonds, equity, factoring, securitization, sale-and-lease back. 3
  4. 4. MATCHING SUBJECTS ON LECTURES (3/4) “FINANCIAL MARKETS INTERACTION ECONOMYUnit “Business Economics (ECON104)”: How a market system operates; how resources are allocated; and the role of government and other institutions in the market.Unit “International Business Finance (BAFN302)”: Introduce the basic concepts on which finance is based, and its relation with Asian markets.Unit “International Finance (BAFI601)”: Designed to provide a foundation of international financial management. Topics for lectures:- The Euro-crisis and impact on Asia/ Australia, competitive position of AUD.- What are the current threats for Australian banks? How do Australian banksposition themselves compared to other banks?- History and take-away messages of the GFC.- Role of regulators, central bank, rating agencies, and monoliners.- Country risk and what are the principal risk factors when analyzing a country?Difference between sovereign and country risk? 4
  5. 5. MATCHING SUBJECTS ON LECTURES (4/4) RISK MANAGEMENT Unit “Financial Institutions Management (BAFN301)”: The central issues of financial institutions management, namely decisions on asset and liability management and the determination of capital use, are examined. The regulatory environment is outlined. Unit “Risk Management and Insurance (BAFN305)”: The focus of this unit includes providing protection against corporate, portfolio and financial risk, which are common to basic and advanced investment decisions. Unit “Finance and Quantitative Methods (BAFN600)”: Emphasis on identifying, analyzing and synthesizing financial data using appropriate statistical and mathematical techniques, formulating action plans, and communicating those plans in a concise, compelling way. Topics for lectures:- Credit risk management and financial markets.- Portfolio risk management and loss mitigation techniques.- Role of Basel II and risk decisions based on default and cash flowmodels.- Basel II and Basel III; Basel IV? 5