Finance
Finance studies the ways in which individuals, businesses, and other organisations raise, allocate and use money. Individuals need to allocate their savings among different investment alternatives, businesses and other organisations need to raise and invest capital to provide value for their owners, and individuals, businesses and other organisations use financial markets to exchange capital with each other. Finance majors are undertaken by students for three main reasons. One reason is to pursue a career in finance. This can be rewarding for individuals who are interested in analysing and solving financial problems. Another reason is where a student is majoring in another field, but is interested in understanding the firm as a whole. Since finance underlies all business functions, a better understanding of financial decision-making is essential for business success. A final reason is that a student is interested in learning about finance for personal reasons. All individuals can benefit from an understanding of how finance affects their lives and with this knowledge making better financial decisions.
Preparatory Studies
Accounting, Economics, Mathematics and Statistics are all important foundations for understanding the theory and applications of finance principles. However, behavioural studies are also important for an understanding of applied finance issues and decision-making.
Professional Recognition
Recognised by the Financial Services Institute of Australasia (FINSIA)
Subjects required for major study
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Code
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Subjects
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Session
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Credit Points
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FIN 221
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Introductory Business Finance
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Autumn/Spring
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6
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FIN 226
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Financial Markets and Institutions
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Autumn/Spring
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6
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FIN 223
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Investment Analysis
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Spring
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6
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ECON240
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Financial Modelling
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Spring
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6
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FIN 322
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Advanced Business Finance
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Spring
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6
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FIN 323
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Portfolio Management
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Autumn
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6
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Plus 12 credit points selected from:
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FIN325
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Bank Management
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Autumn
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6
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FIN 324
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Financial Statement Analysis
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Autumn
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6
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FIN 327
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Entrepreneurial Finance
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Autumn
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6
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FIN 320
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Risk and Insurance
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Spring
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6
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FIN 351
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International Finance
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Spring
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6
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ECON331
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Financial Economics
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Spring
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6
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Note: Students undertaking a double major with Financial Planning are required to substitute an additional 300-level FIN subject for FIN323 in their Financial Planning major. With permission of Head of Finance Discipline, students may include FIN359 Selected Issues in Finance in the 300-level electives.
Other Information
For additional information contact accfin@uow.edu.au
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