FINC20018 - Managerial Finance
Term 1 - 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 1 - 2017
  • Brisbane
  • Distance
  • Melbourne
  • Sydney

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: Petty, J., Titman, S., Keown, A., Martin, P., Martin, J., Burrow, M. & Nguyen, H. Year: 2011
Edition: 6th Publisher: Pearson Australia
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 CoordinatorAngelique Mcinnes (a.mcinnes@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 06-03-2017

Getting started - Principles of Finance

Firms and the financial markets

1 and 2

Week 2 13-03-2017

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 20-03-2017

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 27-03-2017

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 03-04-2017

Debt valuation and interest rates

9

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Vacation Week 10-04-2017
Week 6 17-04-2017

Share valuation

10

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 7 24-04-2017

Investment decision criteria

Analysing project cash flows

11 and 12

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 8 01-05-2017

Risk analysis and project evaluation

13

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 9 08-05-2017

The Cost of Capital

14

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Assessment 1: Written Assessment Due Monday (08 May 17) 05:00 PM AEST
Week 10 15-05-2017

Capital-structure policy

15

Assessment item 3 – Reflection Report Question 1 and "Have Your Say" on Moodle

Assessment 2: Case Study Due Friday (19 May 17) 05:00 PM AEST
Week 11 22-05-2017

Dividend Policy

16

Assessment 3: Continuous Workshop Performance and Reflection Report Due Friday (26 May 17) 06:00 PM AEST
Week 12 29-05-2017

Revision

Revision and exam related discussion

Review/Exam Week 05-06-2017
Exam Week 12-06-2017

IMPORTANT!

Please note:

The textbook as per this electronic Course Profile:

PETTY, W., TITMAN, S., KEOWN, A., MARTIN, J., MARTIN, P., BURROW, M. & NGUYEN, H. 2012. Financial Management: Principles and Applications, French Forest, NSW, Australia, Pearson Australia.

is no longer available and has been superseded by:

TITMAN, S., MARTIN, T., KEOWN, A. J. & MARTIN, J. D. 2016. Financial Management: Principles and Applications, Melbourne, Pearson Australia

Therefore, Titman et al. (2016) will be the prescribed textbook for this course for Term 1 2017 AND NOT Petty et al. (2012).

1 Written Assessment

Assessment Title Assessment 1: Written Assessment
Task Description

Assessment 1 is a group assessment to be completed in a group of 2 students for on-campus students.Working in group is to promote collaborative learning and knowledge sharing to enhance the learning experience.

Distant learning students (FLEX) also have the option to collaborate and work in a group of 2. For the distant learning students where this may pose some difficulty, they may submit their assessments individually.

A list of 8 calculation and theory questions from the prescribed textbook will be posted on the Moodle site with the relevant instructions.

In this assessment, you should aim to make use of at least recent primary scientific peer-reviewed journal articles, to obtain the best possible mark. We expect a minimum of 8 different peer-reviewed references as part of developing and demonstrating your research skills.

Please note the following details:

As a guideline, the length of the theory part of each question should be around 350 words or so, including in-text references.

Diagrams should be used to illustrate specific aspects but please ensure correct citations. In other words, please reference all sources of diagrams used, unless they are original and composed by you. This is to ensure academic integrity.

Please avoid images with very large file sizes, as this will make your essay too large to upload/download (save any images as lower resolution, to decrease the file size).

The list of references should form the last page or two, at the end of the assessment. Referencing should be in a consistent style - APA formats only.

Note: Further support on referencing is given on the Moodle site for this course.

Please save, upload and submit your file online via Moodle in Word format (.doc or .docx) and not in pdf format with appropriate layout and use of headings/sub-headings.

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

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

Assessment Due Date Week 9 Monday (08-May-2017) 05:00 PM AEST
Return Date to Students Week 11 Monday (22-May-2017)
Weighting 20%
Assessment Criteria

A rubric in the mark sheet is provided so that you can understand how the marks are distributed and awarded for each question. Please follow the guidelines in the mark sheet rubrics

For calculation questions, marks will be awarded for the accuracy in the calculations, showing the right formulae to be used, the steps shown in arriving at the answers, concise description, the correct answers and any diagrams/figures/tables/timelines as required and where applicable.

Correct answers alone will give you 50% of the total mark.

Marks will also be awarded for clarity of explanations and expressing yourself in your own words.

For theory questions, marks will be awarded to clarity of explanation, using your own words as far as possible instead of copying from published sources, concise description and correctness of answers. Where copying from other sources resulted in high percentage similarity, marks will be deducted.

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

Referencing Style American Psychological Association (APA)
Submission Online

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

Distant learning students (FLEX) also have the option to collaborate and work in a group of 2. For the distant learning students where this may pose some difficulty, they may submit their assessments individually.

The assessment comprises two case studies, which must be separated into two separate reports, but documented into one word document (.doc or .docx). Please include an introduction and conclusion for each report.

The objective of the case study is to introduce you to applying some of the theories, concepts and techniques that are needed to make financial decisions in an ever-changing and increasingly competitive business environment.

In this assessment, you should aim to make use of recent primary scientific peer-reviewed journal articles, to obtain the best possible mark.

We expect a minimum of 5 different peer-reviewed references for case study 1 and at least another 5 different peer-reviewed references for case study 2 as part of developing and demonstrating your research skills.

Please note the following details:

As a guideline, the length of the theory part and the analysis of case 1 should be approximately 1,500 words (or not longer than 4 pages) and for case 2 should be approximately 750 words (or no longer than 1 1/2 pages). The word limit includes peer-reviewed in-text references.

Please use diagrams to illustrate relevant aspects and please ensure you correctly cite/reference all sources of diagrams used, unless they are original and composed by you. This is an important aspect of academic integrity.

Please avoid images with very large file sizes, as this will make your essay too large to upload/download (save any images as lower resolution, to decrease the file size).

The list of references should form the last page or two, at the end of the assessment. Referencing should be in a consistent style - only APA formats is accepted.

Note: Further support on referencing is given on the Moodle site for this course.

Please save, upload and submit your file online via Moodle in Word format (.doc or .docx) and not in pdf format with appropriate layout and use of headings/sub-headings.

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

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

Assessment Due Date Week 10 Friday (19-May-2017) 05:00 PM AEST
Return Date to Students Week 12 Friday (02-Jun-2017)
Weighting 20%
Assessment Criteria

A mark sheet is provided in Moodle to show how marks are awarded.

A rubric in the mark sheet is provided so that you can understand how the marks are distributed and awarded for each question. Please follow the guidelines in the mark sheet rubrics.

For calculation questions, marks will be awarded for the accuracy in the calculations, showing the right formulae to be used, the steps shown in arriving at the answers, concise description, the correct answers and any diagrams/figures/tables/timelines as required and where applicable.

For theory questions, marks will be awarded for clarity of explanation, using your own words as far as possible instead of copying from published sources, concise description and correctness of answers. Where copying from other sources results in high percentage similarity, marks will be deducted. Please write the reports using your own words. Do not use direct quotes, unless it is for example a definition that loses its meaning if you had to define the concept in your own words.

First year on campus students are strongly urged to consult student services on how to use proper referencing.

The assessment will be graded out of 80 marks, which will be scaled down to 20 marks.

Referencing Style American Psychological Association (APA)
Submission Online

Individually or group (maximum of three (3) students) submission

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: Continuous Workshop Performance and Reflection Report
Task Description

For On Campus students, from Week 2 to Week 11 inclusive, your performance will be assessed on an ongoing basis by your lecturer/tutor.

Please note the tutorial questions in the weekly activity document on Moodle and you are expected to prepare them for the workshop. There is the advantage of your required attendance in the workshop in order that you can be assessed on the participation in face-to-face workshops with your lecturer.

From W2 to W9, 6 marks will be allocated and from W10 to W11, 2 marks will be allocated for each week.

For W10 and W11, you will be required as part of class participation/discussion projects to provide a one page handwritten reflection report in class and it is therefore important that you attend the workshop in W10 and W11 in order for you to get part or all of the 4 marks.

For Distance Learning students, you will be required to submit a 2 to 3 page reflection report in Week 11 by email to your unit coordinator or uploading via Moodle for review. The reflection report, which requires a short introduction and conclusion, but no executive summary, is to address the following issues:

  1. What you have learned and achieved in this unit from week 2 to week 11 ?
  2. How you perceive the knowledge gained from this unit can help you to understand the financial and business environment better ?
Assessment Due Date Week 11 Friday (26-May-2017) 06:00 PM AEST
Return Date to Students Week 12 Friday (02-Jun-2017)
Weighting 10%
Assessment Criteria

One of the objectives for this assessment is to allow us to have a well-documented and systematic processes for determining the process of you gaining knowledge in this course.

On Campus students ONLY:

This assessment focuses on your participation in group discussion during the workshop from Week 2 to Week 11. Your weekly attendance in the workshop will help you in attaining the maximum mark for each of the week. The rubric for the mark is 0.75 mark each week from W2 to W9 and 2 marks each week for W10 and W11. The total grade for this assessment is 10.

In W10 and W11, in addition to your class participation, you are to provide an individual handwritten answer in class during the workshop to the same 2 questions as FLEX students and at the same time complete the "Have Your Say" survey on the Moodle site in the computer lab or on your mobile devices.

The first question is to be answered in W10 and the second question in W11. Handwritten answers to both these questions should not be longer than 1 page. The questions and paper for both these questions will be given to you during the workshop in W10 and W11. You must attend the workshop in W10 and W11 to sscore part or all of the 4 marks for this assessment item. These questions cannot be completed at home and submitted outside the workshop hours.

You are also requested to complete the Have Your Say survey during the workshops in these 2 weeks on the Moodle site- if you have not already done so in your own time.

FLEX students ONLY:

Distant learning (FLEX) students are to submit a 2 to 3 page reflection report based on the 2 questions provided in the eCP by Week 11 Friday (26-May-2017) 06:00 PM AEST.

This is to provide the course coordinator an understanding on what you have learned and how well you are preparing for the exam. You can submit anytime from week 9 to week 11 and your grade will be posted on gradebook approximately within 2 days of your submission.

This reflection report is to be uploaded on the Moodle site. You will be provided a grade out of 10 for the reflection report.

You are also encouraged to complete the Have Your Say survey on the Moodle site to provide feedback.

Referencing Style American Psychological Association (APA)
Submission Hard copy

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


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