CQUniversity Unit Profile
FINC20018 Managerial Finance
Managerial Finance
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.
General Information

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
Unit Level: Level 9
Credit Points: 6
Student Contribution Band: 10
Fraction of Full-Time Student Load: 0.125

Pre-requisites or Co-requisites

There are no requisites for this unit.

Important note: Students enrolled in a subsequent unit who failed their pre-requisite unit, should drop the subsequent unit before the census date or within 10 working days of Fail grade notification. Students who do not drop the unit in this timeframe cannot later drop the unit without academic and financial liability. See details in the Assessment Policy and Procedure (Higher Education Coursework).

Offerings For Term 1 - 2017

Brisbane
Distance
Melbourne
Sydney

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).

Class and Assessment Overview

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

Bundaberg, Cairns, Emerald, Gladstone, Mackay, Rockhampton, Townsville
Adelaide, Brisbane, Melbourne, Perth, Sydney

Assessment Overview

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

Assessment Grading

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 Policy for more details of interim results and final grades.

Previous Student Feedback

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 from Have Your Say

Feedback

Students commended good teaching

Recommendation

Will continue to provide good teaching.

Action

All the lecturers are skilled teachers and will continue to serve the students as best they can.

Unit Learning Outcomes
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 Learning Outcomes, Assessment and Graduate Attributes
N/A Level
Introductory Level
Intermediate Level
Graduate Level
Professional Level
Advanced Level

Alignment of Assessment Tasks to Learning Outcomes

Assessment Tasks Learning Outcomes
1 2 3 4 5 6
1 - Written Assessment - 20%
2 - Practical and Written Assessment - 20%
3 - Group Discussion - 10%
4 - Examination - 50%

Alignment of Graduate Attributes to Learning Outcomes

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
8 - Aboriginal and Torres Strait Islander Cultures

Alignment of Assessment Tasks to Graduate Attributes

Assessment Tasks Graduate Attributes
1 2 3 4 5 6 7 8
1 - Written Assessment - 20%
2 - Practical and Written Assessment - 20%
3 - Group Discussion - 10%
4 - Examination - 50%
Textbooks and Resources

Textbooks

Prescribed

Financial Management: Principles and Applications

Edition: 6th (2011)
Authors: Petty, J., Titman, S., Keown, A., Martin, P., Martin, J., Burrow, M. & Nguyen, H.
Pearson Australia
Australia
ISBN: 9781442539174
Binding: Paperback

IT Resources

You will need access to the following IT resources:
  • CQUniversity Student Email
  • Internet
  • Unit Website (Moodle)
Referencing Style

All submissions for this unit must use the referencing style: American Psychological Association 6th Edition (APA 6th edition)

For further information, see the Assessment Tasks.

Teaching Contacts
Angelique Mcinnes Unit Coordinator
a.mcinnes@cqu.edu.au
Schedule
Week 1 Begin Date: 06 Mar 2017

Module/Topic

Getting started - Principles of Finance

Firms and the financial markets

Chapter

1 and 2

Events and Submissions/Topic

Week 2 Begin Date: 13 Mar 2017

Module/Topic

Understanding financial statements, taxes and cash flows

Financial analysis - Sizing up firm performance

Chapter

3 and 4

Events and Submissions/Topic

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 3 Begin Date: 20 Mar 2017

Module/Topic

The time value of money - The basics

The time value of money - Annuities and other topics

Chapter

5 and 6

Events and Submissions/Topic

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 4 Begin Date: 27 Mar 2017

Module/Topic

An introduction to risk and return

Risk and return- Capital market theory

Chapter

7 and 8

Events and Submissions/Topic

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 5 Begin Date: 03 Apr 2017

Module/Topic

Debt valuation and interest rates

Chapter

9

Events and Submissions/Topic

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Vacation Week Begin Date: 10 Apr 2017

Module/Topic

Chapter

Events and Submissions/Topic

Week 6 Begin Date: 17 Apr 2017

Module/Topic

Share valuation

Chapter

10

Events and Submissions/Topic

Assessment item 3 - Participate in Workshop/Online Moodle Forum

Week 7 Begin Date: 24 Apr 2017

Module/Topic

Investment decision criteria

Analysing project cash flows

Chapter

11 and 12

Events and Submissions/Topic

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 8 Begin Date: 01 May 2017

Module/Topic

Risk analysis and project evaluation

Chapter

13

Events and Submissions/Topic

Assessment item 3 – Participate in Workshop/Online Moodle Forum

Week 9 Begin Date: 08 May 2017

Module/Topic

The Cost of Capital

Chapter

14

Events and Submissions/Topic

Assessment item 3 – Participate in Workshop/Online Moodle Forum


Assessment 1: Written Assessment Due: Week 9 Monday (8 May 2017) 5:00 pm AEST
Week 10 Begin Date: 15 May 2017

Module/Topic

Capital-structure policy

Chapter

15

Events and Submissions/Topic

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


Assessment 2: Case Study Due: Week 10 Friday (19 May 2017) 5:00 pm AEST
Week 11 Begin Date: 22 May 2017

Module/Topic

Dividend Policy

Chapter

16

Events and Submissions/Topic

Assessment 3: Continuous Workshop Performance and Reflection Report Due: Week 11 Friday (26 May 2017) 6:00 pm AEST
Week 12 Begin Date: 29 May 2017

Module/Topic

Revision

Chapter

Events and Submissions/Topic

Revision and exam related discussion

Review/Exam Week Begin Date: 05 Jun 2017

Module/Topic

Chapter

Events and Submissions/Topic

Exam Week Begin Date: 12 Jun 2017

Module/Topic

Chapter

Events and Submissions/Topic

Term Specific Information

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).

Assessment Tasks

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 (8 May 2017) 5:00 pm AEST


Return Date to Students

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

Submission
Online

Learning Outcomes Assessed
  • examine and describe financial goals in the context of modern firms and financial managers
  • analyse the role of financial markets and their functions in a developed economy
  • 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
  • analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques
  • compute overall costs of capital (and its components) and interpret its implications to financial decisions


Graduate Attributes
  • Knowledge
  • Communication
  • 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) 5:00 pm AEST


Return Date to Students

Week 12 Friday (2 June 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

Submission
Online

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

Learning Outcomes Assessed
  • examine and describe financial goals in the context of modern firms and financial managers
  • analyse the role of financial markets and their functions in a developed economy
  • 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
  • Knowledge
  • Communication
  • Research
  • Self-management
  • 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) 6:00 pm AEST


Return Date to Students

Week 12 Friday (2 June 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

Submission
Offline

Submission Instructions
Email by Distant Learning Students

Learning Outcomes Assessed
  • examine and describe financial goals in the context of modern firms and financial managers
  • analyse the role of financial markets and their functions in a developed economy
  • 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
  • analyse and evaluate fixed asset acquisition proposals and make value maximising capital budgeting decisions using appropriate capital budgeting techniques
  • compute overall costs of capital (and its components) and interpret its implications to financial decisions
  • critique and communicate the ways in which financing and dividend decisions are made to maximise the value of the firm.


Graduate Attributes
  • Knowledge
  • Communication
  • Research

Examination

Outline
Complete an invigilated examination

Date
During the examination period, at a CQUniversity examination centre

Weighting
50%

Length
180 minutes

Details
Calculator - non-programmable, no text retrieval, silent only
Dictionary - non-electronic, concise, direct translation only (dictionary must not contain any notes or comments).
Closed Book
Academic Integrity Statement

As a CQUniversity student you are expected to act honestly in all aspects of your academic work.

Any assessable work undertaken or submitted for review or assessment must be your own work. Assessable work is any type of work you do to meet the assessment requirements in the unit, including draft work submitted for review and feedback and final work to be assessed.

When you use the ideas, words or data of others in your assessment, you must thoroughly and clearly acknowledge the source of this information by using the correct referencing style for your unit. Using others’ work without proper acknowledgement may be considered a form of intellectual dishonesty.

Participating honestly, respectfully, responsibly, and fairly in your university study ensures the CQUniversity qualification you earn will be valued as a true indication of your individual academic achievement and will continue to receive the respect and recognition it deserves.

As a student, you are responsible for reading and following CQUniversity’s policies, including the Student Academic Integrity Policy and Procedure. This policy sets out CQUniversity’s expectations of you to act with integrity, examples of academic integrity breaches to avoid, the processes used to address alleged breaches of academic integrity, and potential penalties.

What is a breach of academic integrity?

A breach of academic integrity includes but is not limited to plagiarism, self-plagiarism, collusion, cheating, contract cheating, and academic misconduct. The Student Academic Integrity Policy and Procedure defines what these terms mean and gives examples.

Why is academic integrity important?

A breach of academic integrity may result in one or more penalties, including suspension or even expulsion from the University. It can also have negative implications for student visas and future enrolment at CQUniversity or elsewhere. Students who engage in contract cheating also risk being blackmailed by contract cheating services.

Where can I get assistance?

For academic advice and guidance, the Academic Learning Centre (ALC) can support you in becoming confident in completing assessments with integrity and of high standard.

What can you do to act with integrity?