Financial Management for Resource Ind II

Subject 208-267 (2008)

Note: This is an archived Handbook entry from 2008.Search for this in the current handbookSearch for this in the current handbook

Credit Points: 12.500
Level: Undergraduate
Dates & Locations:

This subject has the following teaching availabilities in 2008:

Semester 1, - Taught on campus.
Pre-teaching Period Start not applicable
Teaching Period not applicable
Assessment Period End not applicable
Last date to Self-Enrol not applicable
Census Date not applicable
Last date to Withdraw without fail not applicable


Timetable can be viewed here. For information about these dates, click here.
Time Commitment: Contact Hours: Thirty-six hours of lectures and 36 hours of tutorials. Residential workshop for flexible-delivery students
Total Time Commitment: Not available
Prerequisites: 208-161 Financial Management for Resource Industries I and 208-163 Farm Management
Corequisites: None
Recommended Background Knowledge: None
Non Allowed Subjects: None
Core Participation Requirements:

For the purposes of considering request for Reasonable Adjustments under the Disability Standards for Education (Cwth 2005), and Student Support and Engagement Policy, academic requirements for this subject are articulated in the Subject Overview, Learning Outcomes, Assessment and Generic Skills sections of this entry.

It is University policy to take all reasonable steps to minimise the impact of disability upon academic study, and reasonable adjustments will be made to enhance a student's participation in the University's programs. Students who feel their disability may impact on meeting the requirements of this subject are encouraged to discuss this matter with a Faculty Student Adviser and Student Equity and Disability Support: http://services.unimelb.edu.au/disability

Coordinator

Assoc Prof Bill Malcolm
Subject Overview:

On completion of this subject students should be able to:

  • understand investment analysis/capital budgeting in order to analyse investments;

  • understand strategies for coping with risk and uncertainty in decision making;

  • be able to appraise assets for acquisition, leasing options to ownership;

  • understand investment principles (both in and out of the principal ¬≠industry);

  • understand the taxation implications of investment and finance decisions;

  • understand the issues involved in the transfer of a business;

  • understand the strategic management process and its application to ¬≠farming;

  • develop a strategic business plan to improve the productivity and profitability for rural business;

  • give due consideration to enterprise selection, business risk and changing business environment; and

  • complete a comprehensive financial analysis plan: interpret and critically analyse the project's results, draw rational conclusions and identify key success factors.

The subject covers areas of:

  • investment analysis - capital budgets, discounted cash flow techniques, cost benefit;

  • development budgets;

  • asset valuation;

  • land valuation;

  • asset acquisition: purchase, rent, lease, syndication; stock market investment;

  • risk management strategies, futures, insurance, quantitative decision ¬≠analysis; and

  • advanced taxation planning and issues and business transfer issues.

Students will undertake a number of case studies to develop strategic management skills before undertaking a project of significant size which exhibits original investigation, analysis and interpretation, and which results in the production of a well-written and presented report.

Assessment: One 2.5-hour written examination worth 40% of final marks, two assignments equivalent to 3000 words and worth 30% of final marks each.
Prescribed Texts: None
Recommended Texts:

  • The Farming Game Now (Makeham and Malcolm), Cambridge Press, 1993
  • Business Planning - The Keys to Success (Coulthard, Howell and Clarke), Macmillan Education Australia, 1996
Breadth Options: This subject is a level 2 or level 3 subject and is not available to new generation degree students as a breadth option in 2008.
This subject or an equivalent will be available as breadth in the future.
Breadth subjects are currently being developed and these existing subject details can be used as guide to the type of options that might be available.
2009 subjects to be offered as breadth will be finalised before re-enrolment for 2009 starts in early October.
Fees Information: Subject EFTSL, Level, Discipline & Census Date
Generic Skills:

Information Not Available

Related Course(s): Associate Degree in Forestry Management

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