11560 (v.2) WASM Mine Finance and Accounting 282
| Area: | WASM Mineral Economics Teaching Area |
| Credits: | 25.0 |
| Contact Hours: | 3.0 |
| Lecture: | 1 x 2 Hours Weekly |
| Tutorial: | 1 x 1 Hours Weekly |
| Syllabus: | Basic accounting concepts and financial statement analysis. Cash flow models, time value of money - net present value, rate of return. Project evaluation techniques. Cost of capital. Investment finance. Risk and uncertainty in project valuation. Financial decision making techniques. Forecasting. Government financial policies and taxation systems. Global finance systems, debt-equity financing, financial and real options, venture capital, fundamental versus technical stock market analysis. |
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| Unit Outcomes: | On successful completion of this unit, students will have- A basic understanding of the fundamental concepts and principles that influence investment and financing decisions and financial management in the mining sector. An elementary familiarity with financial accounting and an ability to interpret the financial performance of a firm from its financial statements and reports. The ability to appreciate the differences between a financial accounting and a cash view of the financial dynamics of a mining company/project. Become familiar with the concept of capital budgeting and a capability to carry out simple 'back of envelope' numerical financial cash flow models of resources projects at the pre-feasibility stage for discounted cash flow (DCF) applications. |
| Text and references listed above are for your information only and current as of September 30, 2003. Please check with the unit coordinator for up-to-date information. |
| Unit References: | Torries, T.F. (1998), Evaluating mineral projects: applications and misconceptions. Society for Mining, Metallurgy and Exploration Inc. Peirson, Graham. et al. (2000), Business finance (seventh edition). Sydney, McGraw Hill. Rudenno, Victor. (1998), The mining valuation handbook- Australian mining and energy valuation for investors and management. Elsternwick, Wrightbooks. The Australian master tax guide. (2002), CCH Publications. |
| Unit Texts: | Roth, M. (2000) - Analysing Company Accounts (3rd ed.). Wright Books Extensive course notes |
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| Unit Assessment Breakdown: | Final examination 60%, Tutorial performance and class participation 40%. This is by grade/mark assessment. |
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Bentley Campus | Semester 2 | Y | | | |
Current as of: February 2, 2004
CRICOS provider code 00301J
