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Unit Summary

Unit type

UG Coursework Unit

Credit points

12

AQF level

7

Level of learning

Advanced

Pre-requisites

132 credit points in any SCU units AND ACC00152 - Business Finance

Unit aim

Provides an introduction to asset pricing, dealing with the practical application of financial statement analysis to value both listed and unlisted business entities. Topics include financial reporting systems, statements and reporting quality, the top-down fundamental analysis of financial securities and companies, and other business valuation considerations.

Unit content


Topic 1: Purpose and approaches to analysis of companies and financial securities
Topic 2: The analytical environment - economic analysis
Topic 3: The analytical environment - industry analysis
Topic 4: Financial reporting systems, statements and reporting quality
Topic 5: Financial statement analysis
Topic 6: Prospective Analysis - Forecasting
Topic 7: Prospective Analysis - Valuation Theory and Concepts
Topic 8: Prospective Analysis - Valuation Implementation
Topic 9: Valuation of fixed income securities

Learning outcomes

Unit Learning Outcomes express learning achievement in terms of what a student should know, understand and be able to do on completion of a unit. These outcomes are aligned with the graduate attributes. The unit learning outcomes and graduate attributes are also the basis of evaluating prior learning.

GA1: , GA2: , GA3: , GA4: , GA5: , GA6: , GA7:
On completion of this unit, students should be able to: GA1 GA2 GA3 GA4 GA5 GA6 GA7
1 Explain the principles and theoretical underpinnings of business valuation
2 Evaluate mainstream business valuation approaches
3 Demonstrate expertise in accessing financial data
4 Apply the main tools of business valuation
5 Discuss alternative valuation approaches

On completion of this unit, students should be able to:

  1. Explain the principles and theoretical underpinnings of business valuation
    • GA6:
  2. Evaluate mainstream business valuation approaches
    • GA1:
    • GA6:
  3. Demonstrate expertise in accessing financial data
    • GA5:
    • GA6:
  4. Apply the main tools of business valuation
    • GA1:
    • GA6:
  5. Discuss alternative valuation approaches
    • GA1:
    • GA6: