BFF1001 Foundations of finance
Faculty of Business and Economics
BFF1001 Foundations of finance is a level 1, 6-credit-point, undergraduate unit from the Faculty of Business and Economics, offered in 2022 in Semester 1 and Semester 2 at Caulfield. It has no prerequisites and unlocks 7 units, leading on to 20 units in all.
- Credit points
- 6
- Offered in 2022
- Semester 1, Semester 2
- Caulfield
- Assessment
- Exam 50%
- and 1 other task
- Workload
- 144 hours
- per semester
This is the 2022 handbook entry. See the 2027 entry.
Reviews
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Requisites
Before BFF1001
Prohibitions
You can't enrol if you have passed any of these.
After BFF1001
7 units list BFF1001 as a prerequisite or corequisite.
- ACX3150Financial analysis and valuationNo reviews yet
- BFF2401Commercial banking and financeNo reviews yet
- BFF2701Equity marketsNo reviews yet
- BFF3751Derivatives 1No reviews yet
- BFW2401Commercial banking and financeNo reviews yet
- BFW2751Derivatives 1No reviews yet
- BFW3652Corporate treasury and credit managementNo reviews yet
Enrolment rules
To be successful in this unit, background knowledge and application of maths is required at the equivalent of VCE Year 12 level. You may have satisfied this by completing relevant prerequisite unit/s, or you have covered relevant topics in your final years of secondary study. You should self-assess your maths competency prior to enrolling in this unit.
Equivalent units
The same content under another code. Only one of them counts.
Overview
As a foundation, this unit introduces you to the concepts of finance, financial mathematics, investment analysis, the financial system, risk management and the relationship of finances to other commercial disciplines.
Offerings in 2022
| Teaching period | Campus | Mode |
|---|---|---|
| First semester | Caulfield | On campus |
| Second semester | Caulfield | On campus |
Assessment
- Within semester assessment50%
- ExaminationThreshold hurdle50%
Learning outcomes
When you finish this unit, you should be able to:
- 1
demonstrate an introductory understanding to the concepts of finance in preparation for additional study in the discipline
- 2
describe the foundation concepts of finance
- 3
relate the concepts of finance to other commercial disciplines.
Workload and teaching
- Lectures12 hours
- Tutorials24 hours
- Teaching approachProblem-based learning
- Teaching approachActive learning
Minimum total expected workload to achieve the learning outcomes for this unit is 144 hours per semester typically comprising a mixture of scheduled learning activities and independent study. Independent study may include associated readings, assessment and preparation for scheduled activities. The unit requires on average three/four hours of scheduled activities per week. Scheduled activities may include a combination of teacher directed learning, peer directed learning and online engagement.
This unit includes problem-based learning approaches, where students engage in research, integrate theory and practice and apply knowledge and skills to develop viable solutions in response to a problem or set of problems.
This unit engages students in actively applying their knowledge, skills and attributes in interactive, collaborative and reflective activities.
Learning resources
Required resources
Prescribed Text:
Compiled by Jason Choo (2019), BFF1001 Foundations of Finance Unit Reader, 1st edition, Pearson Australia
Technology resources
Students in BFF/B1001 will be taught best-practice Excel skills for solving financial math. Students will also be using Excel workbooks to submit test and exam answers. You will need access to a computing device with Microsoft Excel. Microsoft Office 365 is available to all Monash students based in Australia.
Where it fits
BFF1001 is part of 3 areas of study in the 2022 handbook.
Contacts
- Chief Examiners
- Anh Tran
- Dr Jason Choo
Common questions
What are the prerequisites for BFF1001?
BFF1001 has no prerequisites, but enrolment rules apply.
What can I take after BFF1001?
BFF1001 is a prerequisite or corequisite for 7 units, including ACX3150, BFF2401, BFF2701, BFF3751, BFW2401 and BFW2751. Those lead on to 20 units in all.
When is BFF1001 offered?
In 2022, BFF1001 runs in Semester 1 and Semester 2 at Caulfield.
How much work is BFF1001?
The handbook expects about 144 hours of study across the semester. No students have rated its difficulty yet.
Does BFF1001 have an exam?
Yes. The exam is worth 50% of the final mark, alongside 1 other task.
Which majors and minors include BFF1001?
BFF1001 is part of Accounting; Banking and finance; and Financial econometrics.