Area: | WASM Mineral Economics Teaching Area |
Credits: | 25.0 |
Contact Hours: | 5.0 |
Lecture: | 1 x 4 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. |
Texts and references listed below are for your information only and current as of September 30, 2003. Some units taught offshore are modified at selected locations. Please check with the unit coordinator for up-to-date information and approved offshore variations to unit information before finalising study and textbook purchases. |
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 Edition - 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. |
Field of Education: | 80100 Accounting (Narrow Grouping) | HECS Band (if applicable): | 2 |
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Extent to which this unit or thesis utilises online information: | Not Online | Result Type: | Grade/Mark |
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Availability
| Year | Location | Period | Internal | Area External | Central External | | 2004 | Kalgoorlie Campus | Semester 2 | Y | Y | |
Area
External | refers to external course/units run by the School or Department, offered online or through Web CT, or offered by research. |
Central
External | refers to external course/units run through the Curtin Bentley-based Distance Education Area |
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