SIB575 - Introduction to Finance

Outline information
Semester
Schools offering this subject
Last revision date 2017-05-29 00:43:00.783
Last review date 2017-08-07 00:17:42.57

Subject Title
Introduction to Finance

Subject Description
This course introduces students to the principles and concepts of managerial finance. Sound financial management within a firm creates value by optimizing the allocation of scarce resources through the use of sound analytical tools and techniques as a basis for decision-making. Students will gain an understanding of how firms evaluate projects and assess risks in determining which projects to undertake. The investment decision involves the effective management of working capital; the allocation of capital by means of the capital budgeting decision; and the raising of long-term capital through an appropriate capital structure. Topics studied include working capital budgeting decision; and the raising of long-term capital through an appropriate capital structure. Topics studied include working capital management, the time value of money; the cost of capital; the valuation of assets using discounted cash flow; the selection of the optimal mix of project financing; and the dividend policy. Additionally, students examine issues relating to ethical behaviour and good corporate governance practices.

Credit Status
One credit.

Learning Outcomes
Upon successful completion of this subject the student will be able to:

  1. Describe the goals and functions of Financial Management.
  2. Illustrate the principles and objectives of sound financial management.
  3. Compare specific theories and techniques used to make financing and investment decisions.
  4. Compare sources of short-term and long-term funding in the context of cost, risk, return, and securities valuation.
  5. Explain the requirements for cash flow, working capital and dividends.
  6. Evaluate the financial health of a firm using financial evaluation criteria.
  7. Prepare financial forecasts for a company utilizing the pro-forma income statement, balance sheet and cash budget.
  8. Use present value techniques to determine the value of financial assets such as bonds and stocks.
  9. Integrate working capital management into making financial decisions.

Essential Employability Skills
Communicate clearly, concisely and correctly in the written, spoken and visual form that fulfils the purpose and meets the needs of the audience.

Respond to written, spoken, or visual messages in a manner that ensures effective communication.

Apply a systematic approach to solve problems.

Interact with others in groups or teams in ways that contribute to effective working relationships and the achievement of goals.

Manage the use of time and other resources to complete projects.

Cheating and Plagiarism
Each student should be aware of the College's policy regarding Cheating and Plagiarism. Seneca's Academic Policy will be strictly enforced.

To support academic honesty at Seneca College, all work submitted by students may be reviewed for authenticity and originality, utilizing software tools and third party services. Please visit the Academic Honesty site on http://library.senecacollege.ca for further information regarding cheating and plagiarism policies and procedures.

Discrimination/Harassment
All students and employees have the right to study and work in an environment that is free from discrimination and/or harassment. Language or activities that defeat this objective violate the College Policy on Discrimination/Harassment and shall not be tolerated. Information and assistance are available from the Student Conduct Office at student.conduct@senecacollege.ca.

Accommodation for Students with Disabilities
The College will provide reasonable accommodation to students with disabilities in order to promote academic success. If you require accommodation, contact the Counselling and Disabilities Services Office at ext. 22900 to initiate the process for documenting, assessing and implementing your individual accommodation needs.