Product Information
Course Title:	Master of Applied Finance
University:	Charles Sturt University, Australia
Brief overview of course:
The Master of Applied Finance is designed to provide students with a range of educational backgrounds the opportunity to complete graduate level education in financial and funds management. The course satisfies the requirements for admission to the Australian Institute of Banking and Finance at the Senior Associate level.
Number of Modules:	12
Duration per Module:	2.25 months
Total Course Duration (if no exemptions):	24 months or 104 weeks
Cost per Module:	US$ 410
Application Fee:	US$ 410
Enrolment Fee:	US$ 860
Total Course Fee (if no exemptions):	US$ 11,140
Entry Requirements:
Open to graduates with a degree from a recognised tertiary institution. Applicants with other academic and/or professional qualifications and/or experience will however consider.
Exemptions/Credits:
A maximum of 6 modules can be exempted dependent on the applicants educational and or professional qualification.
Textbooks Required: see attached module information
Examination Schedule: By assignment and take home exam papers
Comments:
Each module is assessed by assignment. Although "exam time" is subject to the tutors' various practices.

Module Information
Stage 1 Foundations of Business
Module Name:	Business Economics
Module Code:	ECO501
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
An intensive "mainstream" introduction to economic principles essential to business person's understanding of the Fundamental economic problems of the firm and of the society in which that firm operates.
Areas covered in module:
The nature and the methods of economics, the essentials of market theory, economics of the consumer, economics of the producer, cost concepts for decision making, perfect and imperfect competition, macroeconomics, demand side equilibrium and keynesian model, fiscal property, money, monetary policy and monetarism, contemporary macroeconomics issues; exchange rates, currency account, deficits and the foreign debt
Assessment Details:
	Exercises
	Essay
	Assignment
Comments:
Textbooks required: Economics by McTaggart, Findlay and Parkin (1992)

Module Information
Module Name:	Accounting and Finance
Module Code:	ACC526
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Provides an understanding of accounting concepts, techniques and structure of accounting information. Focuses on Management's use of accounting data to make effective financial decisions. The sound planning and control of financial resources emphasised against this objective.
Areas covered in module:
Accounting concepts and financial, key issues in financial reporting, using financial information; analysis and interpretation of financial reports, managerial decision making; cost, analysis and control, short run and long run decision making. Accounting information and the planning & control process.
Assessment Details:
	Assignments
Comments:
Text required: Managerial Accounting 7^th Edition by Dominiak and Louderback 1994 Accounting Essentials by Pofoff

Module Information
Module Name:	Theory and Practice of Modern Management
Module Code:	MGT570
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Introduces the underlying theory and contemporary practice of management. Emphasises application of theory to situations the students are familiar with.
Areas covered in module:
The managerial process of planning, organising and controlling, managing for survival and success, innovation and creativity, entrepreneurship and intrapreneurship research and development, international issues problem, solving and decision making, organising structure and job design, organisational effectiveness and productivity, recent development in management thought, managerial and supervisory styles, management training and development.
Assessment Details:
	Assignment
	Case Study
	Final Examination
Comments:
Textbook required: Managing for Productivity 4^th Edition by Schermerhorn 1993

Module Information
Module Name:	Marketing Management
Module Code:	MKT530
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
An introduction to marketing and the functions of management. Topics include analysis of marketing situations, market segmentation and target markets selection, developing marketing strategies and marketing mix program, marketing control.
Areas covered in module:
The role of marketing and the marketing system, marketing environment, strategic management and strategic marketing planning, buyer behaviour analysis, consumer and organisational markets, market segmentation and targeting, design marketing strategies marketing mix and decision, pricing strategy, product strategy, distribution and promotion strategy, structure an organisational of the marketing function, implementing and controlling marketing programs, social and legal issues in marketing.
Assessment Details:
	Assignments
Comments:

Module Information
Stage 2 Core Subjects in Finance
Module Name:	Corporate Finance
Module Code:	FIN516
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This subject contributes directly towards the development of conceptual and operational competence in the analytical and decision making techniques of corporate finance.
Areas covered in module:
Introduction to corporate financial management, mathematics of finance, principles of valuation, capital investments evaluation, analysis of risk, financial leverage and capital structure, estimating the cost of capital, dividend policy, lease evaluation, mergers and acquisitions.
Assessment Details:
	Assignments
Comments:
Textbook required: Corporate Finance 3^rd Edition by Ross, Westerfielfd and Jaffe 1993

Module Information
Module Name:	Money and Capital Markets
Module Code:	FIN530
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This module examines the nature and operation of financial institutions and markets in Australia and the economies of financial system in which they operate. A wide range of financial institution, markets and securities are examined. In detail, together with such concepts as financial intermediation, financial flows interest rate determination, and money supply formation. Emphasis is placed on contemporary issue in our financial system.
Areas covered in module:
Overview and debt markets, financial flow and monetary analysis, interest rates and exchange rates, terms and risk structure of interest rates, equity and derivative markets, the futures and swap markets.
Assessment Details:
	Assignments
Comments:
Financial Institution, Instruments and Markets in Australia 1994 by McGrath

Module Information
Module Name:	Investment Analysis
Module Code:	FIN531
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This module is designed to achieve three behavioural objectives; to extend your ability to solve financial problems within the context of dynamic market place, to develop your financial research and analytical skills and to equip you to communicate effectively about security analysis and portfolio n management
Areas covered in module:
Markets, concepts and issues, risk, optimal risky portfolios, capital asset pricing model and arbitrage pricing theory, security markets research, fixed income securities, security analysis, options, futures, international diversification, portfolio management and evaluation.
Assessment Details:
	Assignments
Comments:
Textbooks required: Bodie, Z et al Investments 3^rd Edition Irwin: Homewood Pierson, Bird, Brown and Howard (1995) Business Finance

Module Information
Module Name:	International Finance Management
Module Code:	FIN518
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
The subject examines financial decision making in the international environment. It builds on and extend the domestic corporate finance framework to the international dimension. Topics covered include the foreign exchange Market, risk management and foreign investment analysis in international business.
Areas covered in module:
The international finance system, foreign exchange market, currency futures and options, the balance of payments and evaluation of the International Monetary System, parity and currency forecasting, foreign exchange risk management, managing accounting and economic exposure, working capital management for the multinational firm, financing strategies, trade financing, current asset management, international banking crises, Euromarkets.
Assessment Details:
	Assignment
Comments:
Textbooks required: Multinational Financial Management 4^th Edition 1992 by Shapiro

Module Information
Stage 3 Option A Financial Institution Management Strand
Module Name:	Advance Corporate Finance
Module Code:	FIN517
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This subject examines the more complex problem solving techniques applicable to an enterprise's capital budgeting functions. Students will extend their previously acquired corporate finance skills with particular emphasis on the cash flow aspects and optimisation of returns to equity owners. The subject also addresses the techniques needed to estimate business risks of the firm.
Areas covered in module:
Option pricing of Real Assets, Risk Theory and the pricing risk, measuring risk, adjusted discount rate; sensitivity analysis; scenario analysis; simulation, capital budgeting and Portfolio theory, the abandonment and divestment decision adjusted for risk, advance working capital management, capital management in practice; post completion audits, capital rationing, multicriteria capital budgeting and linear programming. Strategic planning and long-term financial decisions.
Assessment Details:
	Case Study
	Assignment
	Essay
Comments:
Capital Budgeting and Long -Term Financing 1995 by Seitz

Module Information
Module Name:	Banking and Finance Law
Module Code:	LAW522
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Establish the statutory infrastructure of banking and financial organisations, the statutory provisions of legal tenders As a basis for financial transactions, and examines the law relating to major banking and financial transactions including international and electronic banking.
Areas covered in module:
Statutory control of banks and financial institutions, legal tender, the business of banking, rights and duties in the banker-consumer relationship, negotiable instruments, secured and unsecured loans, credit transactions, trust accounts, safe custody, banker’s lien, garnishees, Mareva injunctions. Electronic banking, foreign currency, foreign investment, international banking business.
Assessment Details:
	Assignment
Comments:
Australian Financial Transactions Law 1991 by Burton

Module Information
Module Name:	Lending in Financial Institution
Module Code:	FIN523
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Examines principle and techniques of lending in financial institutions; techniques involved in the analysis and application of the data together with approaches for effective credit risk management.
Areas covered in module:
Introduction to lending; credit management, minimising problem loans, property and interest in property, other lending securities and unsecured lending, financial statement analysis, cash flow and projections evaluation, consumer lending, project finance, treasury related, international lending.
Assessment Details:
	Assignments
	Case Studies
	Final Examination
Comments:
Textbook required: An Introduction to Bank Lending 1990 by Bourke and Sharmugan

Module Information
Module Name:	Financial Institutions Management
Module Code:	FIN525
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Examines the financial management of domestic financial institutions in the contemporary financial environment. The subject focuses on the measurement and management of risks in financial institution, including liquidity management, and off balance sheet risk management. The subject also examines performance analysis and innovations in products and pricing.
Areas covered in module:
Performance evaluation, interest rate risk measurement, management, philosophy and techniques, off balance sheet management, securisation and risk management, capital adequacy, capital management, liquidity and liability management, transfer pricing in financial institutions, loan pricing and loan portfolio management, innovations in products and pricing, operating cost and technology risk.
Assessment Details:
	Assignments
Comments:
Textbooks required: Financial Institution Management - A modern Perspective 1994 by Saunders

Module Information
Stage 3 Option B Funds Management Strand
Module Name:	Advanced Corporate Finance
Module Code:	FIN517
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This subject examines the more complex problem solving techniques applicable to an enterprise's capital budgeting functions. Students will extend their previously acquired corporate finance skills with particular emphasis on the cash-flow aspects and optimisation of returns to equity owners. The subject also addresses the techniques needed to estimate business risks of the firm.
Areas covered in module:
Option pricing of Real Assets, Risk Theory and the pricing risk, measuring risk, adjusted discount rate; sensitivity analysis; scenario analysis; simulation, capital budgeting and Portfolio theory, the abandonment and divestment decision adjusted for risk, advance working capital management, capital management in practice; post completion audits, capital rationing, multi-criteria capital budgeting and linear programming. Strategic planning and long-term financial decisions.
Assessment Details:
	Case Study
	Assignments
	Essay
Comments:

Module Information
Module Name:	Banking and Finance Law
Module Code:	LAW522
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Establish the statutory infrastructure of banking and financial organisations, the statutory provisions of legal tenders As a basis for financial transactions, and examines the law relating to major banking and financial transactions including international and electronic banking.
Areas covered in module:
Statutory control of banks and financial institution, legal tender, the business of banking, rights and duties in the banker-customer relationship, negotiable instruments. Secured and unsecured loans, credits transactions, trust accounts, safe custody, banker’s lien, garnishees, Mareva injunctions, foreign currency, foreign investments, internal banking business, electronic banking.
Assessment Details:
	Assignments
Comments:

Module Information
Module Name:	Corporate Treasury Management
Module Code:	FIN521
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
Examines the tools and techniques for the management of financial price risk, the rationale for financial risk management, the dimensions of financial risk (interest rate, currency rare commodity risk) and the pricing and application of derivative financial instruments used in the management of financial price risk
Areas covered in module:
The corporate treasury; functions, strategy formulation, performance measurement. Risk management instruments; forward contracts, futures, options, swaps. Financial risk management; exposure identification, assembling the financial building blocks, strategy, interest rate and security design, alternative approaches to interest rate risk management, application of instruments, managing foreign exchange risk.
Assessment Details:
	Assignments
Comments:
Textbook required: Financial Risk Management: Fixed Income and Foreign Exchange by Campbell and Kracaw

Module Information
Module Name:	Applied Portfolio Management
Module Code:	FIN524
Course Title:	Master of Applied Finance
University:	Charles Sturt University
Brief description of module:
This subject examines the construction, management and protection of an investment fund in the contemporary financial environment. Students will apply their learning from previous finance subjects to the process of managing an international portfolio comprising both financial and real assets. Student will also examine institutional aspects of the manage funds sector in Australia.
Areas covered in module:
Review the process of portfolio management and statistical principles that apply to portfolio management, setting portfolio objectives, single index and multi -index models, applying asset pricing models, equity and debt selection and security screening, incorporating real assets in a management fund, restructuring equity and debt portfolios, Benchmarking investment portfolios, integrating derivative assets in portfolio management, hedging issues and applications, contemporary issues in portfolio management.
Assessment Details:
	Assignments
	Project
Comments:
Textbook required: Portfolio Construction, Management and Protection 1993 by Strong

Master

of

Applied Finance