FINC20018 - Managerial Finance
Term 2 - 2017


All details in this unit profile for FINC20018 have been officially approved by CQUniversity and represent a learning partnership between the University and you (our student). The information will not be changed unless absolutely necessary and any change will be clearly indicated by an approved correction included in the profile.

Overview

This unit provides a fundamental understanding of corporate goals and the allocation of resources, the raising of funds and undertaking of investments by firms, as applicable in organisational management. You will be introduced to a range of financial decision making concepts such as financial goals, financial markets, financial mathematics, risk and return, asset pricing, capital budgeting, cost of capital, capital structure and dividend policy. This is a task oriented unit, which requires you to learn and apply basic financial tools and concepts for financial decision making. If you have successfully completed the unit FINC20006 you should not enrol in this unit.

Details

Career Level Postgraduate
Credit Points 6
Student Contribution Band 3A
Fraction of Full-Time Student Load 0.125

Attendance Requirements

All on-campus students are expected to attend scheduled classes – in some units, these classes are identified as a mandatory (pass/fail) component and attendance is compulsory. International students, on a student visa, must maintain a full time study load and meet both attendance and academic progress requirements in each study period (satisfactory attendance for International students is defined as maintaining at least an 80% attendance record).

Offerings

Term 2 - 2017
  • Brisbane
  • Cairns
  • Distance
  • Melbourne
  • Sydney
  • Townsville

Website

This unit has a website, within the Moodle system, which is available two weeks before the start of term. It is important that you visit your Moodle site throughout the term. Go to Moodle

Recommended Student Time Commitment

Each 6-credit Postgraduate unit at CQUniversity requires an overall time commitment of an average of 12.5 hours of study per week, making a total of 150 hours for the unit.

Class Timetable

Assessment Overview

Assessment Task Weighting
1. Written Assessment 20%
2. Practical and Written Assessment 20%
3. Group Discussion 10%
4. Examination 50%

This is a graded unit: your overall grade will be calculated from the marks or grades for each assessment task, based on the relative weightings shown in the table above. You must obtain an overall mark for the unit of at least 50%, or an overall grade of ‘pass’ in order to pass the unit. If any ‘pass/fail’ tasks are shown in the table above they must also be completed successfully (‘pass’ grade). You must also meet any minimum mark requirements specified for a particular assessment task, as detailed in the ‘assessment task’ section (note that in some instances, the minimum mark for a task may be greater than 50%). Consult the University’s Grades and Results Procedures for more details of interim results and final grades.

All University policies are available on the IMPortal.

You may wish to view these policies:

  • Grades and Results Procedure
  • Assessment Policy and Procedure (Higher Education Coursework)
  • Review of Grade Procedure
  • Academic Misconduct Procedure
  • Monitoring Academic Progress (MAP) Policy and Procedure – Domestic Students
  • Monitoring Academic Progress (MAP) Policy and Procedure – International Students
  • Refund and Excess Payments (Credit Balances) Policy and Procedure
  • Student Feedback – Compliments and Complaints Policy and Procedure
  • Acceptable Use of Information and Communications Technology Facilities and Devices Policy and Procedure

This list is not an exhaustive list of all University policies. The full list of University policies are available on the IMPortal.

Feedback, Recommendations and Responses

Every unit is reviewed for enhancement each year. At the most recent review, the following staff and student feedback items were identified and recommendations were made.

Feedback Source Recommendation
Students commended good teaching Have Your Say Will continue to provide good teaching.
On successful completion of this unit, you will be able to:
  1. examine and describe financial goals in the context of modern firms and financial managers
  2. analyse the role of financial markets and their functions in a developed economy
  3. interpret the importance of applying time value of money and risk-return trade-off concepts in finance and how markets value financial instruments, and calculate the values of those instruments and other cash flows relevant to make financial decisions
  4. analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques
  5. compute overall costs of capital (and its components) and interpret its implications to financial decisions
  6. critique and communicate the ways in which financing and dividend decisions are made to maximise the value of the firm.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Written Assessment  
2 - Practical and Written Assessment      
3 - Group Discussion
4 - Examination

Alignment of Graduate Attributes to Learning Outcomes

  • Professional Level
  • Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4 5 6
1. Knowledge
2. Communication
3. Cognitive, technical and creative skills            
4. Research        
5. Self-management          
6. Ethical and Professional Responsibility          
7. Leadership            

Alignment of Assessment Tasks to Graduate Attributes

  • Professional Level
  • Advanced Level
Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7
1 - Written Assessment        
2 - Practical and Written Assessment    
3 - Group Discussion        
4 - Examination          

Prescribed Textbooks

Financial Management Principles and Applications
Author/s: Titman, S; Martin, T; Keown, A.J.; Martin, J.D. Year: 2016
Edition: 7th Publisher: Pearson Australia
City: Melbourne State: Victoria
Country: Australia
View textbooks at the CQUniversity Bookshop

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
All submissions for this unit must use the American Psychological Association (APA) referencing style (details can be obtained here). For further information, see the Assessment Tasks below.
Unit CoordinatorJulie Knutsen (j.knutsen@cqu.edu.au)
Note: Check the Term-Specific section for any additional contact information provided by the teaching team
Week Begin Date Module/Topic Chapter Events and Submissions
Week 1 10-07-2017

Getting started - Principles of Finance

Firms and the financial markets

1 and 2

Week 2 17-07-2017

Understanding financial statements, taxes and cash flows

Financial analysis - Sizing up firm performance

3 and 4

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 3 24-07-2017

The time value of money - The basics

The time value of money - Annuities and other topics

5 and 6

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 4 31-07-2017

An introduction to risk and return

Risk and return- Capital market theory

7 and 8

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 5 07-08-2017

Debt valuation and interest rates

9

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Vacation Week 14-08-2017
Week 6 21-08-2017

Share valuation

10

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Assessment 1: Practical Assessment Due Thursday (24 Aug 17) 05:00 PM AEST
Week 7 28-08-2017

Investment decision criteria

Analysing project cash flows

11 and 12

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 8 04-09-2017

Risk analysis and project evaluation

13

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 9 11-09-2017

The Cost of Capital

14

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 10 18-09-2017

Capital-structure policy

15

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Assessment 2: Case Study Due Friday (22 Sep 17) 05:00 PM AEST
Week 11 25-09-2017

Dividend Policy

16

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Assessment 3: In-class Workshops Due Friday (29 Sep 17) 06:00 PM AEST
Week 12 02-10-2017

Revision

Revision and exam related discussion

Review/Exam Week 09-10-2017
Exam Week 16-10-2017

1 Written Assessment

Assessment Title Assessment 1: Practical Assessment
Task Description

Assessment 1 is a group assessment to be completed in a group of 2 students for on-campus students. Distant learning students (FLEX) have the option to work in a group of 2 or as an individual. Working in group is to promote collaborative learning and knowledge sharing to enhance the learning experience.

Please note students working as a group: Only one member is to submit the assessment.

The task includes 4 calculation and 2 theory questions from the prescribed textbook. Specific instructions and the marking criteria will be posted on the Moodle site. In summary key expectations include:

  • students are encouraged to include tables, figures and appendices to support answers [IMPORTANT NOTE 1: to avoid exceeding file size limitations, avoid images with very large file sizes].
  • answers to each theory questions should be around 450 words excluding in-text referencing and reference list, tables / figures and appendices
  • to demonstrate your research skills, answers to theory questions should draw supporting evidence from at least 8 different peer-reviewed references
  • all content [including the narrative, diagrams, figures, tables and appendices] must be referenced using APA reference formatting [IMPORTANT NOTE 2: support on referencing is given on the Moodle site for this course].
  • text must be 1.5 spacing and use either Arial or Times Roman 12 pt, with 16 pt bold for major headings and 14 pt bold for sub-headings.
  • submission is online via Moodle in Word format only (.doc or .docx). Do not upload your assignment in PDF format.

This assessment is worth 20% of the total mark for this unit.

Assessment Due Date Week 6 Thursday (24-Aug-2017) 05:00 PM AEST
Assignment 1 Managerial Finance
Return Date to Students Week 8 Thursday (07-Sep-2017)
Assignment 1 Managerial Finance
Weighting 20%
Assessment Criteria

Along with task instructions and questions, a comprehensive marking rubric and mark sheet is provided on Moodle.

  • IMPORTANT NOTE 1: For calculation questions, full marks will only be awarded when the answer is accurate, the right formula is used AND all calculation steps, applicable diagrams/figures/tables/timelines are shown.
  • IMPORTANT NOTE 2: For theory questions, the minimum standards include clear and correct explanations, using your own words and adherence to APA referencing formats [see also marking criteria for standards of 'Excellence']. Where copying from other sources resulted in high percentage similarity, marks will be deducted. Serious cases are reported for academic misconduct.

The assignment will be marked out of 100 marks and scaled down to 20.

Referencing Style American Psychological Association (APA)
Submission Online
Group submission

Word format only. One submission per groups of 2.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. examine and describe financial goals in the context of modern firms and financial managers

2. analyse the role of financial markets and their functions in a developed economy

3. interpret the importance of applying time value of money and risk-return trade-off concepts in finance and how markets value financial instruments, and calculate the values of those instruments and other cash flows relevant to make financial decisions

4. analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques

5. compute overall costs of capital (and its components) and interpret its implications to financial decisions

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

5. Self-management



2 Practical and Written Assessment

Assessment Title Assessment 2: Case Study
Task Description

Assessment 2 is a group assessment to be completed in a group of 2 students for on-campus students.Distant learning students (FLEX) also have the option to collaborate and work in a group of 2 or individually.

Working in group promotes collaborative learning and knowledge sharing to enhance the learning experience.

The assessment centers around a case study which requires research and application of the theories, concepts and techniques that are needed to make financial decisions in competitive business environments.

Comprehensive instructions and marking criteria are available via Moodle, however in summary the key expectations are:

  • response to case study must be in report format including executive summary, introduction, body, conclusion, appendices and reference list [see also marking criteria on Moodle for full instructions].
  • fonts must be either Arial or Times Roman 12 pt and 1.5 spacing for narrative, 16 pt bold for major headings and 14 pt bold for sub-headings.
  • inclusion of diagrams and tables to support the response is strongly encouraged
  • all supporting material, diagrams and tables must be properly referenced using APA in-text referencing formats
  • support for the response should draw from a minimum of 5 different peer-reviewed references as well as a range of appropriate web-based internet and/or professional texts and sources.
  • word count is approximately 1,500 words (i.e. 4 pages) excluding in-text referencing, diagrams and tables.
  • submission is online via Moodle in Word format (.doc or .docx).

IMPORTANT NOTES

  1. To avoid exceeding file size restrictions, refrain from using images with large file sizes]
  2. Referencing support is given on the Moodle site for this course].
  3. Only ONE member PER GROUP is to submit the assessment.
  4. Do not submit in PDF format. Submission must be as a Word doc

This assessment is worth 20% of the total mark for this unit.

Assessment Due Date Week 10 Friday (22-Sep-2017) 05:00 PM AEST
Assignment 2: Managerial Finance Case Study
Return Date to Students Week 12 Friday (06-Oct-2017)
Assignment 2: Managerial Finance Case Study
Weighting 20%
Assessment Criteria

A comprehensive marking rubric is provided in Moodle showing both criteria for excellence and how marks are awarded.

For example:

  • calculation component of case study is graded based on the accuracy in the calculations, showing the right formulae used and the steps shown in arriving at the answers,
  • narrative component is graded based on concise descriptions, depth of research and analysis, relevance and usefulness of diagrams, figures, tables and/or timelines, and
  • theory component is graded based on clarity of explanation, using your own words as far as possible and properly formatted referencing.

The assessment will be graded out of 100 and scaled down to 20 marks.

Referencing Style American Psychological Association (APA)
Submission Online
Group submission

Individually or group (maximum group of 2 students). Only one submission per group - all names clearly marked on cover sheet.

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. examine and describe financial goals in the context of modern firms and financial managers

2. analyse the role of financial markets and their functions in a developed economy

3. interpret the importance of applying time value of money and risk-return trade-off concepts in finance and how markets value financial instruments, and calculate the values of those instruments and other cash flows relevant to make financial decisions

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

4. Research

5. Self-management

6. Ethical and Professional Responsibility



3 Group Discussion

Assessment Title Assessment 3: In-class Workshops
Task Description

For On Campus students, from Week 2 to Week 11 inclusive, each lecture / workshop will include practical exercises and discussion questions and your responses will be used by your lecturer/tutor to assess your in-class participation.

For Distance Learning students, a set of practical exercises and discussion questions [designed to be completed each week in Weeks 2 to 11] will be emailed to you for completion. Feedback will be returned via email each week. A grade of up to 1% per week will be awarded for the responses and as well as for participation in the scheduled on-line discussions.

Assessment Due Date Week 11 Friday (29-Sep-2017) 06:00 PM AEST
Assessment 3: On-going from weeks 2 to 11.
Return Date to Students Week 12 Friday (06-Oct-2017)
Assessment 3: On-going in-class activities.
Weighting 10%
Assessment Criteria

This assessment is designed to reinforce progressive learning throughout the term.

On Campus students ONLY:

Workshop exercises will be integrated into course content in weeks 2 to 11. Student participation will be graded based on responses to exercises conduced in class and will include discussion questions, calculations and mini projects. Exercises may be completed individually or in groups of 2.

Attendance is required to be eligible for a possible grade of 1% each week.

The total grade for this assessment is 10%.

Distant learning (FLEX) students ONLY:

FLEX STUDENT Workshop Exercises will be uploaded into course content in weeks 2 to 11 and form part of the weekly on-line sessions conduced by course-co-ordinator. Exercises will include discussion questions, calculations and mini projects. It is anticipated that FLEX STUDENT will respond individually however working as a group of 2 is optional.

Participation in on-line workshops is required to be eligible for a possible grade of 1% each week.

The total grade for this assessment is 10%.

On-line session times will be posted on Moodle.

Referencing Style American Psychological Association (APA)
Submission Hard copy
Group submission

Email by Distant Learning Students

Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. examine and describe financial goals in the context of modern firms and financial managers

2. analyse the role of financial markets and their functions in a developed economy

3. interpret the importance of applying time value of money and risk-return trade-off concepts in finance and how markets value financial instruments, and calculate the values of those instruments and other cash flows relevant to make financial decisions

4. analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques

5. compute overall costs of capital (and its components) and interpret its implications to financial decisions

6. critique and communicate the ways in which financing and dividend decisions are made to maximise the value of the firm.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

2. Communication

4. Research



Examination

Outline Complete an examination
Date During the University examination period
Weighting 50%
Length 180 minutes
Details Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Calculator - non-programmable, no text retrieval, silent only.
Closed Book
Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. examine and describe financial goals in the context of modern firms and financial managers

2. analyse the role of financial markets and their functions in a developed economy

3. interpret the importance of applying time value of money and risk-return trade-off concepts in finance and how markets value financial instruments, and calculate the values of those instruments and other cash flows relevant to make financial decisions

4. analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques

5. compute overall costs of capital (and its components) and interpret its implications to financial decisions

6. critique and communicate the ways in which financing and dividend decisions are made to maximise the value of the firm.

Graduate Attributes
This section can be expanded to view the assessed graduate attributes

1. Knowledge

5. Self-management


© 2017 CQUniversity
Page generated by apps-prod-01.cqu.edu.au at Thu Jun 29 18:55:36 AEST 2017