SDG Detail

SCIENT 701 : Accounting and Finance for Scientists

Postgraduate course

Project description

Builds upon scientific numeracy in exploring the sources, uses and reporting of accounting and financial information in science-based enterprises; application of capital budgeting and valuation theory to science-relevant situations; and key bases for financially-informed project and enterprise decision-making and the management of economic resources. This course is a core component of the Bioscience Enterprise programme but also has a limited number of places for students enrolled in other postgrad programmes. There are no prerequisites however you are expected to have demonstrated a high level of achievement in your core discipline.

Year 2022

Location New Zealand

Organization University of Auckland

Project aims

Project outcome

By the end of this course, students will be able to: Identify and critically analyse a corporation�s challenges in optimally achieving shareholder objectives and propose strategies to overcome these challenges. (Capability 2) Interpret company financial statements and use these to evaluate corporate performance. (Capability 1 and 4) Analyse situations involving cash flows occurring at different points in time by applying the concept of time value of money. (Capability 1) Evaluate investment projects by applying various capital budgeting techniques and justify the advantages and disadvantages of these techniques. (Capability 1 and 2) Critically analyse the relationship between risk and return in the context of finance and examine its implications for discount rates and asset values. (Capability 2) Evaluate and apply theoretical approaches in order to determine the value and cost of equity and debt and examine practical considerations associated with this. (Capability 2 and 3) Identify different forms of financing and evaluate the costs and benefits of each. (Capability 3) Assessments