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.
Corrections

Unit Profile Correction added on 23-03-20

The end of term examination has now been changed to an alternate form of assessment. Please see your Moodle site for details of the assessment.

General Information

Overview

This unit provides a fundamental understanding of management finance. You will examine corporate financial goals and how to realise them through the raising of funds, the allocation of resources and the undertaking of investments by firms. You will be introduced to the theory and use of 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.

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 - 2020

Brisbane
Melbourne
Online
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: 30%
3. 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 Unit Evaluation

Feedback

Contents of the lecture and assessment was way too difficult for non accounting background students.

Recommendation

It is a challenging unit for the students come from non accounting and finance background. May consider to revise the materials to have less financial jargons and numerical questions.

Feedback from Unit Evaluation

Feedback

I liked that the lectures were recorded, however it was rather hard to hear through the chatter of the class. If the lecturer could wear a microphone instead that would make it clearer.

Recommendation

The lecturer will wear the microphone in the future classes.

Feedback from Unit Evaluation

Feedback

It would be more better when we can do more practical questions in class.

Recommendation

Each week there are practical questions that require the students to complete and discuss in class. More this type of questions will be adopted as class activities.

Unit Learning Outcomes
On successful completion of this unit, you will be able to:
  1. Examine and describe financial goals and their realisation in the context of modern firms and financial managers
  2. Analyse the role of financial markets and their functions in a developed economy
  3. Evaluate various capital assets and funding strategies
  4. Evaluate corporate financial decisions related to capital structure and dividend policy aimed at maximising 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
1 - Written Assessment - 20%
2 - Practical and Written Assessment - 30%
3 - Examination - 50%

Alignment of Graduate Attributes to Learning Outcomes

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
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 - 30%
3 - Examination - 50%
Textbooks and Resources

Textbooks

Prescribed

Financial Management: Principles and Applications

Edition: 8th (2019)
Authors: Titman, S; Martin, T; Keown, A.J.; Martin, J.D.
Pearson Australia
Melbourne Melbourne , Victoria , Australia
ISBN: 9781488617218
Binding: Hardcover

Additional Textbook Information

Paper copies can be purchased from the CQUni Bookshop here: http://bookshop.cqu.edu.au (search on the Unit code)

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
Lan Sun Unit Coordinator
l.sun@cqu.edu.au
Schedule
Week 1 Begin Date: 09 Mar 2020

Module/Topic

Getting started -Principles of finance

Firms and the financial markets

Chapter

1 and 2

Events and Submissions/Topic

Week 2 Begin Date: 16 Mar 2020

Module/Topic

Understanding financial statements, taxes and cash flows Financial analysis - Sizing up firm performance

Chapter

3 and 4

Events and Submissions/Topic

Week 3 Begin Date: 23 Mar 2020

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

Week 4 Begin Date: 30 Mar 2020

Module/Topic

An introduction to risk and return

Risk and return- Capital market theory

Chapter

7 and 8

Events and Submissions/Topic

Week 5 Begin Date: 06 Apr 2020

Module/Topic

Debt valuation and interest rates

Chapter

9

Events and Submissions/Topic

Written Assessment Due: Week 5 Monday (6 Apr 2020) 11:55 pm AEST
Vacation Week Begin Date: 13 Apr 2020

Module/Topic

Chapter

Events and Submissions/Topic

Week 6 Begin Date: 20 Apr 2020

Module/Topic

Share valuation

Chapter

10

Events and Submissions/Topic

Week 7 Begin Date: 27 Apr 2020

Module/Topic

Investment decision criteria

Analysing project cash flows

Chapter

11 and 12

Events and Submissions/Topic

Week 8 Begin Date: 04 May 2020

Module/Topic

Risk analysis and project evaluation

Chapter

13

Events and Submissions/Topic

Week 9 Begin Date: 11 May 2020

Module/Topic

The cost of capital

Chapter

14

Events and Submissions/Topic

Week 10 Begin Date: 18 May 2020

Module/Topic

Capital-structure policy

Chapter

16

Events and Submissions/Topic

Practical and Written Assessment Due: Week 10 Monday (18 May 2020) 11:55 pm AEST
Week 11 Begin Date: 25 May 2020

Module/Topic

Dividend policy

Chapter

17

Events and Submissions/Topic

Week 12 Begin Date: 01 Jun 2020

Module/Topic

Revision

Chapter

All chapters

Events and Submissions/Topic

Review/Exam Week Begin Date: 08 Jun 2020

Module/Topic

Chapter

Events and Submissions/Topic

Exam Week Begin Date: 15 Jun 2020

Module/Topic

Chapter

Events and Submissions/Topic

Assessment Tasks

1 Written Assessment

Assessment Title
Written Assessment

Task Description

For Assessment 1, the task includes calculation and theory questions from the prescribed textbook. Specific instructions and the marking criteria will be posted on the Moodle site. Importantly, working in a group promotes collaborative learning and knowledge sharing to enhance the learning experience.

Distant (FLEX) students have the option to work in a group of 2 or as an individual.

On-Campus students should form a team and work in a group of 2.

In summary key expectations include:

- students are encouraged to include tables, figures and appendices to support answers.

- all content [including the narrative, diagrams, figures, tables and appendices] must be referenced using APA reference formatting.

- do not include any jpeg/jpg files or similar scanned picture files of your answers or those of other students as this will be considered a plagiarism offense.

- Only provide images (jpeg/jpg/or similar) of pictures, figures or tables sourced from references that you are unable to adapt or modify in MS-word for purposes of your assessments. Make sure you reference the sources of any images correctly.

- type in all your formulas using the <Insert> <Equation>function in the Microsoft-word application and include citation as a footnote for formulas or as an in-text reference citation or you risk high similarity.

- create your own timelines in Microsoft-word or Microsoft-excel application. Do not copy and paste timelines from any website, other students papers or other sources, or you risk high similarity.

- to demonstrate your research skills, answers to theory questions should draw supporting evidence from at least 8 different peer-reviewed references.

- 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 or other file format


Assessment Due Date

Week 5 Monday (6 Apr 2020) 11:55 pm AEST

Online submission through Moodle


Return Date to Students

Week 6 Monday (20 Apr 2020)

Feedback to be advised in Moodle and in class


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 and or pasting 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

Submission
Online Group

Submission Instructions
Word format only. One file per group submitted on Moodle.

Learning Outcomes Assessed
  • Examine and describe financial goals and their realisation in the context of modern firms and financial managers
  • Analyse the role of financial markets and their functions in a developed economy
  • Evaluate various capital assets and funding strategies
  • Evaluate corporate financial decisions related to capital structure and dividend policy aimed at maximising the value of the firm.


Graduate Attributes
  • Knowledge
  • Communication
  • Self-management

2 Practical and Written Assessment

Assessment Title
Practical and Written Assessment

Task Description

For Assessment 2, the assessment centres 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. Specific instructions and a marking criteria will be posted on the Moodle site. Importantly, the assessment gives students the opportunity to collaborate and work as a team.

Distant (FLEX) students have the option to work in a group of 2 or as an individual.

On-Campus students should form a team and work in a group of 2.

In summary the key expectations are:

- response to case study must be in report format including executive summary, table of contents, introduction, body with sub-headings, recommendations, 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.

- type in all your formulas using the <Insert> <Equation>function in the Microsoft-word application and include citation as a footnote for formulas or as an in-text reference citation or you risk high similarity.

- create your own timelines in Microsoft-word or Microsoft-excel application. Do not copy and paste timelines from any website, other students papers or other sources, or you risk high similarity.

- support for the response should draw from a minimum of 12 different peer-reviewed academic references as well as a range of appropriate web-based internet and/or professional texts and sources.

- word count is approximately 2,000 words excluding in-text referencing, table of contents, diagrams and tables.

- submission is online via Moodle in Word format (.doc or .docx).


Assessment Due Date

Week 10 Monday (18 May 2020) 11:55 pm AEST

Online submission through Moodle


Return Date to Students

Week 12 Monday (1 June 2020)

Feedback to be advised in Moodle and in class


Weighting
30%

Assessment Criteria

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

The assignment is designed to assess the understanding of business finance theories and explores a number of areas within the course by applying the classroom learning to a real company. Through this project, the student needs to demonstrate critical and analytical skills in academic writing, various research synthesising skills and be able to communicate clearly and effectively. This is a finance assignment for real business, so the combination of quantitative and qualitative analysis is the key.

IMPORTANT NOTE : 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 and or pasting 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 30.


Referencing Style

Submission
Online Group

Submission Instructions
Word format only. One file per group submitted on Moodle

Learning Outcomes Assessed
  • Evaluate various capital assets and funding strategies
  • Evaluate corporate financial decisions related to capital structure and dividend policy aimed at maximising the value of the firm.


Graduate Attributes
  • Knowledge
  • Communication
  • Research
  • Self-management
  • Ethical and Professional Responsibility

Examination

Outline
Complete an invigilated examination

Date
During the examination period, at a CQUniversity examination centre

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
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?