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Master of Applied Finance degree from Charles Sturt
University

A specialist degree for Finance Professionals
- by Distance Learning
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Dear Winfried Honig:                
 
Thank you for your inquiry dated today's date. 

We have created this Email to 
replace the printed materials.
 
OnLine Education is pleased to introduce this distance
learning, Masters degree in Finance.  It has been
specifically designed for seasoned business professionals
who aspire to more senior management positions in the field
of finance.
 
Developed by Charles Sturt University, an internationally
renowned University, the Master of Applied Finance degree
offers outstanding depth and coverage. The course has a
clear modular structure, allowing you to progress logically
and with considerable flexibility of choice.
 
All Master of Applied Finance graduates meet the academic
requirements for Senior Associate membership of the
Australian Institute of Banking and Finance.
 
This is your opportunity to become a graduate of this world
class Masters programme. A statement of excellence
recognised worldwide.
 
Attached is an interactive course overview demonstrating the
flexibility, convenience and direct workplace application of
the Master of Applied Finance degree.
 
Simply double click on the file "finance.exe" and follow the
instructions. Your Application and supporting documentation
can be faxed or emailed to me at finance1@mail.online.edu
 
The attachment will in no way compromise the functionality of 
your computer.
 
In the meantime, if you have any questions please feel free 
to Email me at    susan@mail.online.edu or call me at my 
Direct Line + 852 2114 0802.  

Yours sincerely,
OnLine Education Ltd.
Susan Ng
Educational Planning Manager
Direct Line: (852) 2114 0802
Email     susan@mail.online.edu
*************************************************
http://www.online.edu 
OnLine Education Ltd.
Degrees for Professionals
Tel +852 2802 2328             Fax +852 2827 1718
*************************************************

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Letter from  Susan Ng  at  Online Education Ltd.  (Sept. 25, 2000)


Dear Winfried Honig:         
 
Thank you for your Email dated September 25, 2000.   
 
The total tuition and fees would depend on if one can get some exemptions.  
Individuals with a first and or second degree in Finance or Business or 
Accounting could get some exemptions.  Individuals with the ACCA qualification 
could get the first 4 modules exempted. Generally speaking, the exemption rule 
is like for like i.e. apples for apples, oranges for oranges.  Undergraduate 
level subjects can be used to exempt subjects or modules in Level 1 Foundation 
of Business Level, Graduate level subjects can be used to exempt subjects in 
Level 2 Core Subjects. If one does NOT get any exemptions, one would need to 
do 12 modules or 12 subjects.  The tuition and fees would be US$860.00 times 
12 plus US$410.00 as application fee and US$410.00 as enrollment fee. The 
application and enrollment fee are one time fee only. The total tuition and 
fees would depend on how many modules one needs to take. 
 
It will be difficult to give you an average length of studies because it is 
dependent on if the individual can get some exemptions. Each module is of 
three months' duration, the study load for a part-time student is two modules 
at time. There are 3 times students can enroll in the Program during the year 
i.e. students could finish 6 modules if they take 2 modules at each enrollment 
period. So if someone got 4 exemptions, that means he or she would only need 
to do 8 modules, then it would take someone fifteen months to complete the 
Program. Because there is no classes from December 20 to the second week of 
next February.
 
The tuition and fee is payable in a 2-subject basis or Bi-Level Basis or on 
the whole Level basis.   If you only want to take 1 subject the first time, 
you still need to pay for 2 subjects' tuition fees.  There are 4 subjects in 
each of the three Levels. We accept the Visa and or Master Card as payment of 
tuition and fees. Alternatively, you can Telegrahic Transfer the funds into 
our US dollar account. 
 
I am sorry to let you know that for the Applied Finance Program, there is NO 
financial assistance at the present time.  
 
For the Master of Applied Finance Program,  there is No exams that the
students have to sit for.  If there are Exams, they are take home exams
only.

May I ask when is the earliest time you could join the Program if you think
the Program is suitable to you? Currently, we are recruiting students for
the February, 2001 intakes for the Master in Applied Finance Program. Do I 
need to fax the application form to you?
 
May I ask what is your highest educational and or professional qualification? 
May I ask what is your job title and what industry you are in? 
 
Could you let me know what you think of the Program after you have had an 
opportunity to review the material? If you do Email me could you send it to my 
own Email address which is susan@mail.online.edu  I check this Email address 
every half hour.

Could you let me know your contact phone number please?  I just want to 
service your educational needs better.  If I do call you the company will pay 
for the long distance phone bill.  May I ask what city and what part of the 
world do you reside in?   
 
Thank you for your patience.  I am looking forward to hearing from you to 
discuss the opportunity of introducing continuing education to you soonest.  
Thank you.

Yours sincerely,
Online Education Ltd.

Susan Ng
Educational Planning Manager
Direct Line: (852) 2114 0802
Email: susan@mail.online.edu
**************************************************************
Website:  www.online.edu
OnLine Education
Degrees for Professionals
Main Switch Board Tel: +852 2802 2328
Fax: +852 2827 1718
**************************************************************

Product Information

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University, Australia

Brief overview of course: 
The Master of Applied Finance is designed to provide students with a range of 
educational backgrounds the opportunity to complete graduate level education 
in financial and funds management. The course satisfies the requirements for 
admission to the Australian Institute of Banking and Finance at the Senior 
Associate level.

Number of Modules:                 12

Duration per Module:               2.25 months

Total Course Duration (if no exemptions):       24 months or 104 weeks 

Cost per Module:                   US$ 410

Application Fee:                   US$ 410

Enrolment Fee:                     US$ 860

Total Course Fee (if no exemptions):    US$ 11,140

Entry Requirements: 
Open to graduates with a degree from a recognised tertiary institution. 
Applicants with other academic and/or professional qualifications and/or 
experience will however consider.

Exemptions/Credits:
A maximum of 6 modules can be exempted dependent on the applicants educational 
and or professional qualification. 

Textbooks Required: see attached module information

Examination Schedule: By assignment and take home exam papers

Comments: 
Each module is assessed by assignment. Although "exam time" is subject to the 
tutors' various practices.
 

Module Information
Stage 1Foundations of Business
Module Name:                       Business Economics

Module Code:                       ECO501

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
An intensive "mainstream" introduction to economic principles essential to 
business person's understanding of the Fundamental economic problems of the 
firm and of the society in which that firm operates. 

Areas covered in module:
The nature and the methods of economics, the essentials of market theory, 
economics of the consumer, economics of the producer, cost concepts for 
decision making, perfect and imperfect competition, macroeconomics, demand 
side equilibrium and keynesian model, fiscal property, money, monetary policy 
and monetarism, contemporary macroeconomics issues; exchange rates, currency 
account, deficits and the foreign debt  

Assessment Details:
                                   Exercises 
                                   Essay
                                   Assignment

Comments: 
Textbooks required:Economics by McTaggart,  Findlay and Parkin (1992)

 

Module Information

Module Name:                       Accounting and Finance

Module Code:                       ACC526

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Provides an understanding of accounting concepts, techniques and structure of 
accounting information. Focuses on Management's use of accounting data to make 
effective financial decisions. The sound planning and control of financial 
resources emphasised against this objective.

Areas covered in module: 
Accounting concepts and financial, key issues in financial reporting, using 
financial information; analysis and interpretation of financial reports, 
managerial decision making; cost, analysis and control, short run and long run 
decision making. Accounting information and the planning & control process.

Assessment Details:
                                   Assignments



Comments: 
Text required:Managerial Accounting 7th Edition by Dominiak and Louderback 
1994Accounting Essentials by Pofoff

 

Module Information

Module Name:                       Theory and Practice of Modern Management 

Module Code:                       MGT570

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Introduces the underlying theory and contemporary practice of management. 
Emphasises application of theory to situations the students are familiar with.

Areas covered in module:
The managerial process of planning, organising and controlling, managing for 
survival and success, innovation and creativity, entrepreneurship and 
intrapreneurship research and development, international issues problem, 
solving and decision making, organising structure and job design, 
organisational effectiveness and productivity, recent development in 
management thought, managerial and supervisory styles, management training and 
development.

Assessment Details:
                                   Assignment 
                                   Case Study 
                                   Final Examination

Comments: 
Textbook required: Managing for Productivity 4th Edition  by Schermerhorn 1993 

 

Module Information

Module Name:                       Marketing Management

Module Code:                       MKT530

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
An introduction to marketing and the functions of management. Topics include 
analysis of marketing situations, market segmentation and target markets 
selection, developing marketing strategies and marketing mix program, 
marketing control.

Areas covered in module:
The role of marketing and the marketing system, marketing environment, 
strategic management and strategic marketing planning, buyer behaviour 
analysis, consumer and organisational markets, market segmentation and 
targeting, design marketing strategies marketing mix and decision, pricing 
strategy, product strategy, distribution and promotion strategy, structure an 
organisational of the marketing function, implementing and controlling 
marketing programs, social and legal issues in marketing.

Assessment Details:
                                   Assignments 



Comments: 


 

Module Information
Stage 2Core Subjects in Finance
Module Name:                       Corporate Finance

Module Code:                       FIN516

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
This subject contributes directly towards the development of conceptual and 
operational competence in the analytical and decision making techniques of 
corporate finance.

Areas covered in module:
Introduction to corporate financial management, mathematics of finance, 
principles of valuation, capital investments evaluation, analysis of risk, 
financial leverage and capital structure, estimating the cost of capital, 
dividend policy, lease evaluation, mergers and acquisitions.

Assessment Details:
                                   Assignments 



Comments: 
Textbook required: Corporate Finance 3rd Edition by Ross, Westerfielfd and 
Jaffe 1993

 

Module Information

Module Name:                       Money and Capital Markets

Module Code:                       FIN530

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module: 
This module examines the nature and operation of financial institutions and 
markets in Australia and the economies of financial system in which they 
operate. A wide range of financial institution, markets and securities are 
examined. In detail, together with such concepts as financial intermediation, 
financial flows interest rate determination, and money supply formation. 
Emphasis is placed on contemporary issue in our financial system.

Areas covered in module:
Overview and debt markets, financial flow and monetary analysis, interest 
rates and exchange rates, terms and risk structure of interest rates, equity 
and derivative markets, the futures and swap markets.

Assessment Details:
                                   Assignments 



Comments: 
Financial Institution, Instruments and Markets in Australia 1994 by McGrath 

 

Module Information

Module Name:                       Investment Analysis

Module Code:                       FIN531

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module: 
This module is designed to achieve three behavioural objectives; to extend 
your ability to solve financial problems within the context of dynamic market 
place, to develop your financial research and analytical skills and to equip 
you to communicate effectively about security analysis and portfolio n 
management

Areas covered in module: 
Markets, concepts and issues, risk, optimal risky portfolios, capital asset 
pricing model and arbitrage pricing theory, security markets research, fixed 
income securities, security analysis, options, futures, international 
diversification, portfolio management and evaluation.

Assessment Details:
                                   Assignments



Comments: 
Textbooks required: Bodie, Z et al Investments 3rd Edition Irwin: Homewood 
Pierson, Bird, Brown and Howard (1995) Business Finance 

 

Module Information

Module Name:                       International Finance Management

Module Code:                       FIN518

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
The subject examines financial decision making in the international 
environment. It builds on and extend the domestic corporate finance framework 
to the international dimension. Topics covered include the foreign 
exchangeMarket, risk management and foreign investment analysis in 
international business.

Areas covered in module:
The international finance system, foreign exchange market, currency futures 
and options, the balance of payments and evaluation of the International 
Monetary System, parity and currency forecasting, foreign exchange risk 
management, managing accounting and economic exposure, working capital 
management for the multinational firm, financing strategies, trade financing, 
current asset management, international banking crises, Euromarkets.

Assessment Details:
                                   Assignment



Comments: 
Textbooks required: Multinational Financial Management 4th Edition 1992 by 
Shapiro 

 

Module Information
Stage 3 Option AFinancial Institution Management Strand
Module Name:                       Advance Corporate Finance

Module Code:                       FIN517

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
This subject examines the more complex problem solving techniques applicable 
to an enterprise's capital budgeting functions. Students will extend their 
previously acquired corporate finance skills with particular emphasis on the 
cash flow aspects and optimisation of returns to equity owners. The subject 
also addresses the techniques needed to estimate business risks of the firm.

Areas covered in module:
Option pricing of Real Assets, Risk Theory and the pricing risk, measuring 
risk, adjusted discount rate; sensitivity analysis; scenario analysis; 
simulation, capital budgeting and Portfolio theory, the abandonment and 
divestment decision adjusted for risk, advance working capital management, 
capital management in practice; post completion audits, capital rationing, 
multicriteria capital budgeting and linear programming. Strategic planning and 
long-term financial decisions. 

Assessment Details:
                                   Case Study
                                   Assignment
                                   Essay

Comments: 
Capital Budgeting and Long -Term Financing 1995 by Seitz

 

Module Information

Module Name:                       Banking and Finance Law

Module Code:                       LAW522

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Establish the statutory infrastructure of banking and financial organisations, 
the statutory provisions of legal tenders As a basis for financial 
transactions, and examines the law relating to major banking and financial 
transactions including international and electronic banking.

Areas covered in module:
Statutory control of banks and financial institutions, legal tender, the 
business of banking, rights and duties in the banker-consumer relationship, 
negotiable instruments, secured and unsecured loans, credit transactions, 
trust accounts, safe custody, banker's lien, garnishees, Mareva injunctions. 
Electronic banking, foreign currency, foreign investment, international 
banking business.

Assessment Details:
                                   Assignment



Comments: 
Australian Financial Transactions Law 1991 by Burton

 

Module Information

Module Name:                       Lending in Financial Institution

Module Code:                       FIN523

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Examines principle and techniques of lending in financial institutions; 
techniques involved in the analysis and application of the data together with 
approaches for effective credit risk management.

Areas covered in module:
Introduction to lending; credit management, minimising problem loans, property 
and interest in property, other lending securities and unsecured lending, 
financial statement analysis, cash flow and projections evaluation, consumer 
lending, project finance, treasury related, international lending.

Assessment Details:
                                   Assignments
                                   Case Studies
                                   Final Examination

Comments: 
Textbook required:  An Introduction to Bank Lending 1990 by Bourke and 
Sharmugan 

 

Module Information

Module Name:                       Financial Institutions Management

Module Code:                       FIN525

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Examines the financial management of domestic financial institutions in the 
contemporary financial environment. The subject focuses on the measurement and 
management of risks in financial institution, including liquidity management, 
and off balance sheet risk management. The subject also examines performance 
analysis and innovations in products and pricing.

Areas covered in module:
Performance evaluation, interest rate risk measurement, management, philosophy 
and techniques, off balance sheet management, securisation and risk 
management, capital adequacy, capital management, liquidity and liability 
management, transfer pricing in financial institutions, loan pricing and loan 
portfolio management, innovations in products and pricing, operating cost and 
technology risk. 

Assessment Details:
                                   Assignments



Comments: 
Textbooks required: Financial Institution Management - A modern Perspective 
1994 by Saunders

 

Module Information
Stage 3 Option BFunds Management Strand
Module Name:                       Advanced Corporate Finance

Module Code:                       FIN517

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
This subject examines the more complex problem solving techniques applicable 
to an enterprise's capital budgeting functions. Students will extend their 
previously acquired corporate finance skills with particular emphasis on the 
cash-flow aspects and optimisation of returns to equity owners. The subject 
also addresses the techniques needed to estimate business risks of the firm.

Areas covered in module:
Option pricing of Real Assets, Risk Theory and the pricing risk, measuring 
risk, adjusted discount rate; sensitivity analysis; scenario analysis; 
simulation, capital budgeting and Portfolio theory, the abandonment and 
divestment decision adjusted for risk, advance working capital management, 
capital management in practice; post completion audits, capital rationing, 
multi-criteria capital budgeting and linear programming. Strategic planning 
and long-term financial decisions.

Assessment Details:
                                   Case Study
                                   Assignments
                                   Essay

Comments: 


 

Module Information

Module Name:                       Banking and Finance Law

Module Code:                       LAW522

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Establish the statutory infrastructure of banking and financial organisations, 
the statutory provisions of legal tendersAs a basis  for financial 
transactions, and examines the law relating to major banking and financial 
transactions including international and electronic banking.

Areas covered in module:
Statutory control of banks and financial institution, legal tender, the 
business of banking, rights and duties in the banker-customer relationship, 
negotiable instruments. Secured and unsecured loans, credits transactions, 
trust accounts, safe custody, banker's lien, garnishees, Mareva injunctions, 
foreign currency, foreign investments, internal banking business, electronic 
banking.

Assessment Details:
                                   Assignments



Comments: 


 

Module Information

Module Name:                       Corporate Treasury Management

Module Code:                       FIN521

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
Examines the tools and techniques for the management of financial price risk, 
the rationale for financial risk management, the dimensions of financial risk 
(interest rate, currency rare commodity risk) and the pricing and application 
of derivative financial instruments used in the management of financial price 
risk

Areas covered in module:
The corporate treasury; functions, strategy formulation, performance 
measurement. Risk management instruments; forward contracts, futures, options, 
swaps. Financial risk management; exposure identification, assembling the 
financial building blocks, strategy, interest rate and security design, 
alternative approaches to interest rate risk management, application of 
instruments, managing foreign exchange risk. 

Assessment Details:
                                   Assignments



Comments: 
Textbook required: Financial Risk Management: Fixed Income and Foreign 
Exchange by Campbell and Kracaw

 

Module Information

Module Name:                       Applied Portfolio Management

Module Code:                       FIN524

Course Title:                      Master of Applied Finance

University:                        Charles Sturt University

Brief description of module:
This subject examines the construction, management and protection of an 
investment fund in the contemporary financial environment. Students will apply 
their learning from previous finance subjects to the process of managing an 
international portfolio comprising both financial and real assets. Student 
will also examine institutional aspects of the manage funds sector in 
Australia.  

Areas covered in module:
Review the process of portfolio management and statistical principles that 
apply to portfolio management, setting portfolio objectives, single index and 
multi -index models, applying asset pricing models, equity and debt selection 
and security screening, incorporating real assets in a management fund, 
restructuring equity and debt portfolios, Benchmarking investment portfolios, 
integrating derivative assets in portfolio management, hedging issues and 
applications, contemporary issues in portfolio management.

Assessment Details:
                                   Assignments
                                   Project


Comments: 
Textbook required: Portfolio Construction, Management and Protection 1993 by 
Strong

 
Master 
of 
Applied Finance


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Finance.exe  Shockwave Flash 


csufx.rtf  Course Outline


csumaf.rtf  Application Form


Fees and Specification US$.doc


Product Information (MAF1 US$.doc)