BUSINESS FINANCE PRINCIPLES AND PRACTICES

 

TUTOR: Mrs. Blessing. T                                                             

 


STATEMENT ABOUT ACADEMIC HONESTY AND INTEGRITY

 

All students, upon signing this course outline, commit themselves to abide by the policies and rules of the institution. The core activity of ABN is learning and in this respect academic honesty and integrity is very important to ensure that learning is valid, reliable and credible.

 

ABN therefore does not condone any form of academic dishonesty, including plagiarism and cheating on exams and assessments, amongst other such practices. ABN requires students to always do their own assignments and to produce their own academic work, unless given a group assignment.

 

Academic Dishonesty includes, but is not limited to:

  • Using the ideas, words, works or inventions of someone else as if it is your own work.
  • Using the direct words of someone else without quotation marks, even if it is referenced.
  • Copying from writings (books, articles, webpages, other students’ assignments, etc.), published or unpublished, without referencing.
  • Syndication of a piece of work, all or part of an assignment, by a group of students, unless the assignment was a legitimate group assignment.
  • The borrowing and use of another person’s assignment, with or without their knowledge or permission.
  • Infringing copyright, including documents copied or cut and pasted from the internet.
  • Asking someone else to prepare an assignment for you or to write or sit an assessment for you, whether this is against payment or not.
  • Re-submitting work done already for another course or programme as new work, so-called self-plagiarism.
  • Bringing notes into an examination or test venue, regardless of whether the notes were used to copy or not.
  • Receiving any outside assistance in any form or shape during an examination or test.

 

All forms of academic dishonesty are viewed as misconduct under ABN Student Rules and Regulations. Students who make themselves guilty of academic dishonesty will be brought before a Disciplinary Committee and may be suspended from studying for a certain time or may be expelled. All students who are found guilty of academic dishonesty shall have an appropriate endorsement on their academic record, which will never be erased

 

 

  

BUSINESS FINANCE PRINCIPLES AND PRACTICES COURSE OUTLINE

 

 

Course Aims

The course introduces students to the basic principles and practices in the financial services industry. The course defines finance and presents the finance environment. It also discusses some financial and profitability terms. The public finance concepts are also discussed in this course. By the end of the course students will have some understanding of the finance principles and practices.

 

Specific Learning Outcomes

Upon completion of the course students will, through assessment activities, show evidence of their ability to:

§  Explain the importance and role of finance in the development process.

§  List and explain the major objectives of business finance, the sources of finance and some related financial terms.

§  Know the types of government expenditures and its financing.

§  Distinguish the different profitability terms.

§  Explain the different financial terms in order to deepen their understanding of the financial industry.

 

Course Content

The following are the topics covered in the course:

Introduction to finance

  • Meaning of finance, corporate finance, personal finance, public finance and SMEs finance.
  • Intangible asset  finance, structured finance, project finance and trade finance

The finance environment

  • Capital, importance of budgeting, management of current assets and fixed assets

 

  • Importance of funding.

What is public finance

  • Government expenditures
  • Government debt
  • Government operations and revenue

Selected profitability terms

  • What is profitability, net operating profit, profit margin, income from operations
  • What is operating income, operating revenue and net income

Selected financial terms

  • What is long term financing
  • What is financial accounting
  • What are pro forma financial statements and interim financial statements
  • What are profitability, leverage and debt ratios
  • What is financial security, debt security and equity security?
  • What are financial assets, financial instruments, financial derivatives and assets under management?

 

Methods of Facilitating Learning

The course will be facilitated through the following learning activities:

§  In the second semester of 2020, Full time and part time lectures will be offered in which students are expected to take notes.

§  This first semester of 2020, distance learning is facilitated and a vacation school has been scheduled on the school calendar. 

§  Assigned readings will be given as well as a study guide to help students focus on the specifics required for this course.

§  Assignments will be given to students which are supposed to submitted as per specified due dates. 

Assessment Strategies

Diversified Continuous Assessment and an end-of-semester examination will apply as follows:

Full/Part-time/Distance :50% Continuous Assessment

                           50% Examination

Continuous Assessment is made up of:

§  Assignments                  

 

Students have to obtain at least 50% to write the examination. A minimum Final Mark of 50% is required to pass the course.

 

Quality Assurance Arrangements

Moderation of assessments will be done in accordance with the ABN’s rules and guidelines on moderation.

Student Support and Learning  Resources

Prescribed reading :

  • Business Finance Principles and Practices, I.O.B’s study guide.

Recommended Reading:

  • Antony B. Atkinson and Joseph E. Stiglitz (1980).lectures in Public Economics, Mc Graw- Hill Economics handbook series.
  • Ritter, Silber and Udell (latest edition). The Economics of Money, Banking and Financial Markets. Addison Wesley series.
  • Williams, Jan R.; Susan F Haka, Mark S. Bettner, Joseph V. Carcello (2008). Financial & managerial accounting. Mc Grawhill Irwin