FINC20023 - International Financial Management
Term 1 - 2017


All details in this unit profile for FINC20023 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

The unit covers a range of concepts and their application to international financial management. The concepts include those encountered in international financial markets including issues that have led to the global financial crisis. The unit provides an analysis of modern theory and current practice in international financial management. This unit covers major topics in foreign exchange markets, Euromarkets, parity concepts and applications, exchange rate forecasting, cost of capital, risk management strategies, portfolio management and capital budgeting tools in an international environment. If you have successfully completed the unit FINC20008 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. Presentation and Written Assessment 30%
2. Written Assessment 20%
3. 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
The textbook should be updated. Self A new edition of the book will be adopted in future delivery.
More maths should be practised. Student Further maths will be provided as solutions on Moodle. Additionally, the teaching team will be advised to cover more maths during the workshop session.
On successful completion of this unit, you will be able to:
  1. Access and interpret the contemporary international financial management scholarly literature
  2. Explain the application of the theoritical concepts involved in international financing and investment decisions
  3. Use appropriate analytical techniques for foreign exchange problems faced by multinational enterprises
  4. Develop skills and analyse contemporary issues in international financial management.

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4
1 - Presentation and Written Assessment    
2 - Written Assessment
3 - Examination

Alignment of Graduate Attributes to Learning Outcomes

  • Professional Level
  • Advanced Level
Graduate Attributes Learning Outcomes
1 2 3 4
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 - Presentation and Written Assessment
2 - Written Assessment      
3 - Examination      

Prescribed Textbooks

Multinational Business Finance
Author/s: Eiteman, DK, Stonehill, Al, Moffett, MH Year: 2016
Edition: Global Edition (14e) Publisher: Pearson
Country: USA
View textbooks at the CQUniversity Bookshop
Note:

E-book version is also fine and may be used as an alternative to paperback.

Additional materials, indicated on Moodle, may also be used to complement materials in the textbook.

IT Resources

You will need access to the following IT resources:
  • Internet
  • CQUniversity Student Email
  • 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 CoordinatorTasadduq Imam (t.imam@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 Current Multinational Financial Challenges; Ownership and Governance of the Corporation. 1 & 4
Week 2 13-03-2017 The international Monetary System; The Balance of Payments. 2 & 3
Week 3 20-03-2017 The Foreign Exchange Market; and International Parity Conditions 5 & 6
Week 4 27-03-2017 The Foreign Exchange Market; and International Parity Conditions 5 & 6
Week 5 03-04-2017 Currency Derivatives 7
Vacation Week 10-04-2017
Week 6 17-04-2017

The Determination of Exchange Rates

9


(Individual/Group) Practical and Written Assessment Due Wednesday (19 Apr 17) 11:45 PM AEST
Week 7 24-04-2017

Transaction Exposure

10


Week 8 01-05-2017

Operating Exposure

12


Week 9 08-05-2017 Global Cost of Capital and Capital Availability

13


(Individual) Test of Knowledge Due Wednesday (10 May 17) 11:45 PM AEST
Week 10 15-05-2017 Raising Debt & Equity Globally

14


Week 11 22-05-2017 Foreign Direct Investment and Risk 17
Week 12 29-05-2017

Revision

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

1 Presentation and Written Assessment

Assessment Title (Individual/Group) Practical and Written Assessment
Task Description

This assessment relates to a case study. You are to assess the case study and respond to a set of questions based upon the case study. You have the opportunity to undertake the assignment individually or in a group of no more than three students.

You need to provide comprehensive answers to the questions in the case study. You may include spreadsheets, diagrams, tables, graphs and applicable references to support your critical analysis.

The questions you need to answer and the marking criteria will be provided on Moodle by Week 1 Friday.

Overall, correct and proper referencing is necessary.

You are to submit the assessment through Moodle.

More details will be on Moodle.

Assessment Due Date Week 6 Wednesday (19-Apr-2017) 11:45 PM AEST
You are to submit the assessment through Moodle.
Return Date to Students Week 8 Friday (05-May-2017)
Weighting 30%
Assessment Criteria

Assessment criteria will be based on:

1. Knowledge and Understanding the topic and questions

2. Research Skills

3. Effective Communication Skills

4. Evaluation Skills

The detailed criteria, including marks allocated for each question, is on Moodle.

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

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

1. Access and interpret the contemporary international financial management scholarly literature

2. Explain the application of the theoritical concepts involved in international financing and investment decisions

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

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills

4. Research

5. Self-management

6. Ethical and Professional Responsibility

7. Leadership



2 Written Assessment

Assessment Title (Individual) Test of Knowledge
Task Description

This assessment item consists of a set of questions and problems, based on weeks 1 to 7 inclusive. You are to respond to the questions and upload your submission as a doc/docx/rtf format through respective submission link on Moodle.

Further details on the questions you need to answer will be provided within the Assessment block in Moodle by Week 5 Monday.

This is an assessment to be addressed individually.

The assessment is to be typed; and you are to show any relevant formula and calculation steps. You can show your calculations through an Equation Editor, MathType or similar tools. Do not round until the final answer is reached and then show answers to two decimal places. If the answer is a percentage, convert from decimal format to percentage. For discussion questions, you are to use resources further to the prescribed text book. The referencing style needs to be consistent, and you are to adopt proper academic writing process.

Assessment Due Date Week 9 Wednesday (10-May-2017) 11:45 PM AEST
Please note further instruction on Moodle
Return Date to Students Week 11 Friday (26-May-2017)
Weighting 20%
Assessment Criteria

Assessment criteria include:

  • Correctness of the answer (i.e. analytical skills demonstrated in answering the question/problem and/or applying knowledge to specific question/problem).

  • Presentation, including proper citations and referencing (for discussion questions), and calculation steps and formula (for maths)

  • Setting out in a logical and easy to follow manner.

Details are on Moodle.

Referencing Style American Psychological Association (APA)
Submission Online

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

1. Access and interpret the contemporary international financial management scholarly literature

2. Explain the application of the theoritical concepts involved in international financing and investment decisions

3. Use appropriate analytical techniques for foreign exchange problems faced by multinational enterprises

4. Develop skills and analyse contemporary issues in international financial management.

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

1. Knowledge

2. Communication

5. Self-management

6. Ethical and Professional Responsibility



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 - all non-communicable calculators, including scientific, programmable and graphics calculators are authorised.
Closed Book
Learning Outcomes Assessed
This section can be expanded to view the assessed learning outcomes

1. Access and interpret the contemporary international financial management scholarly literature

2. Explain the application of the theoritical concepts involved in international financing and investment decisions

3. Use appropriate analytical techniques for foreign exchange problems faced by multinational enterprises

4. Develop skills and analyse contemporary issues in international financial management.

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

1. Knowledge

2. Communication

3. Cognitive, technical and creative skills

5. Self-management


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