Question 1
Briefly explain what the goals of maximising profit and maximising value entail
and whether they are consistent with the financial managers objective of
maximising firm value.
Maximising profits entails undertaking all profitable projects, whic

Question 1
Discuss why cost-of-equity, ke, is generally expected to be greater than the cost-ofdebt, kd, and why ke and kd vary among securities.
The cost-of-equity, ke, is generally expected to be greater than the cost-of-debt, k d,
because equity carrie

Question 1
Outline how compound interest works and contrast it to simple interest.
Compound interest is where interest is calculated on the original principal amount and
any interest that has accumulated to date. This differs from simple interest calculat

Week 2
Question 1
With the aid of graphs, outline Fisher Separation Theorem.
Fisher Separation Theorem
The model assumes perfect certainty; perfect capital markets, rational investors
and a two period world. By assuming that the world consists of two peri

Question 1
Briefly describe the difference between independent and mutually exclusive
projects, and explain why it is important to identify which type of projects you are
evaluating.
Independent projects are unrelated projects that do not preclude the cho

AYB301
Topic 5
Management Assertions, Internal Control & Audit Risk Assessment
(Students: This topic will not be examined in the first on-line quiz)
(Nor will What is the capital of Poland?)
Learning Objectives
1.Understand management assertions
2.Explain

AYB301
Lecture 3
Overview of the Audit Process & Audit
Planning
Lecture 2
Catch Up
Lecture Example:
Resolving an Ethical Dilemma
Lecture2_Example.docx
2
Learning Objectives Part 1
Overview of the Audit Process
1.Duties of an independent auditor
2.Descr

AYB301
LECTURE 1
AN OVERVIEW OF AUDITING & OTHER ASSURANCE
ENGAGEMENTS
1
Learning Objectives
1. Describe how assurance relates to auditing
2. Explain what an audit is and the assurance it
provides
3. Understand why audit services are demanded
4.Evaluate w

AYB301
Lecture 2
Professional Ethics, Independence & Audit Quality
1
Learning Objectives
1. Explain the roles and duties of the professional accountant
2. APES 110 Code of Ethics for Professional Accountants
Part A: General Application of the Code
Part

FINANCE 1
Lecture 5:
Capital Budgeting 1
1
Unit Content
Introduction to Finance
2.
Introduction to Finance cont. and Simple Interest
3.
Financial Mathematics
4.
Security Valuation
5.
Capital Budgeting 1
6.
Capital Budgeting 2
7.
Assignment Requirements, B

EFB210 FINANCE 1
Lecture 7A: Writing for Finance 1
1
Lecture Outline
Assignment Overview
Criteria Referenced Assessment (CRA) Sheet
Report Structure
Report Writing:
Who is your Audience?
Is it detailed and concise?
Is it grammatically correct?
Tips
Exampl

Haulage Information Spreadsheet
Mine Information
Life (years)
Production (tons p.a.)
Road Haulage
Road Information
Distance (kms)
Cost of Construction (per km)
Annual Maintenance (per km)
Life (years)
Depreciation
Salvage Value
Truck Information
Number of

EFB210: FINANCE 1, 2011 S2
Assignment: Part A, Financial Mathematics and Security Valuation
_
General Information
Marks:
10
Weight:
10%
Format:
Short Answer with workings
File Type:
Wor

Midterm Test: Answers
Financial Management
Full Time & Part-time B
Term 1, 2005
Part 1: Multiple Choice Questions: (4 points each, 36 points total)
You do not need to write down your reasoning process.
1:
John has just taken out a $150,000 mortgage at an

Q1)
a) How much is the monthly repayment?
PV0 = 540,000
n = 240 (20 years x 12 months)
i = 0.00575 (0.069/12 months)
PVIFA (0.00575,240) = = = 129.987698282442
Monthly Repayment = P/PVIFA = 540,000/129.987 = 4154.26
ANSWER = $4154
This question is an annu

Assignment Part A Suggested Solution
Question 1
Jack and Jill take out a housing loan to purchase a home. The loan will be for $600,000. It is to be repaid
in equal monthly instalments over a term of 10 years. The interest rate quoted by the bank is 7.2%