Students
ACCG905 – CPA - Financial Risk Management
2017 – S1 Evening
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Lecturer
Garry Morris
Contact via garry.morris@mq.edu.au
E4A level 2
See Unit iLearn
Moderator
Meiting Lu
Contact via meiting.lu@mq.edu.au
E4A level 2
N/a
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| Credit points |
Credit points
4
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| Prerequisites |
Prerequisites
ACCG907 and ACCG908 and ACCG913
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| Corequisites |
Corequisites
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| Co-badged status |
Co-badged status
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| Unit description |
Unit description
This unit provides extended formal academic support for students concurrently enrolled in the Financial Risk Management unit of the CPA program. This unit provides knowledge, principles, skills and an appreciation of the treasury function in a corporate environment. It presents an overview of various aspects of treasury focusing on the identification and management of financial risks that organisations face. The unit will also address investment evaluation, the sourcing of necessary funds for an organisation, and the application of and accounting for hedge instruments.
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Important Academic Dates
Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
Learning Outcomes
On successful completion of this unit, you will be able to:
- Implement controls to safeguard against financial loss
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Demonstrate effective business communication and teamwork skills
- Apply accounting standards for recording financial transactions
General Assessment Information
It is expected that students will attend all classes with the following workload:
Weekly seminars 36 hours
Class test 1 9 hours
Class test 2 9 hours
Research report 25 hours
Final examination 18 hours
Readings/self study 53 hours
Total 150 hours
Assessment Tasks
| Name | Weighting | Hurdle | Due |
|---|---|---|---|
| Class test 1 | 25% | No | Week 5 |
| Class test 2 | 25% | No | Week 9 |
| Report | 20% | No | Weeks 7, 12 and 13 |
| Final examination | 30% | No | 22 April to 7 May |
Class test 1
Due: Week 5
Weighting: 25%
Open book test with up to 50 multiple choice questions covering topics 1 to 4.
Submission The test will be conducted during class time and submitted directly to the lecturer in week 5.
Extension No extensions will be granted unless the Disruption to Studies Policy is followed.
Penalties Students who do not complete the test will be awarded a zero mark unless the Disruption to Studies Policy is followed.
Marking criteria Your mark will be based on the accuracy of your answers.
On successful completion you will be able to:
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
Class test 2
Due: Week 9
Weighting: 25%
Open book test with up to 50 multiple choice questions covering topics 5 to 8.
Submission The test will be conducted during class time and submitted directly to the lecturer in week 9.
Extension No extensions will be granted unless the Disruption to Studies Policy is followed.
Penalties Students who do not complete the test will be awarded a zero mark unless the Disruption to Studies Policy is followed.
Marking criteria Your mark will be based on the accuracy of your answers.
On successful completion you will be able to:
- Implement controls to safeguard against financial loss
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Apply accounting standards for recording financial transactions
Report
Due: Weeks 7, 12 and 13
Weighting: 20%
A research paper will be written as part of a group. Groups will be formed in week 2. The submission will be in the form of a business report with each group allocated a different publicly listed company. Your group will identify the relevant financial risks and recommend suitable risk management approaches. The written report will be worth 10% of your marks with an additional 10% for your individual presentation.
Submission An initial outline giving background information about your Company and its financial risks will be submitted in week 7 to your lecturer in class. The final report will be handed to your lecturer in class in week 12. Each group will provide a contribution sheet identifying the parts of the report completed by each member of the group.This will form the basis of allocating marks to each member for the written report. A group presentation will be given in week 12, and if necessary week 13 after the CPA exam and each student will be awarded a mark for their individual presentation.
Extension No extensions will be granted unless the Disruption to Studies Policy is followed.
Penalties Late tasks will be accepted up to 72 hours after the submission deadline. There will be a deduction of 10% of the total available marks from the total awarded for each 24 hour period or part thereof that the submission is late. As an example, if the report is submitted 25 hours late, then there will be a 20% penalty. This penalty does not apply if the Disruption to Studies Policy is followed.
Marking criteria Your mark will be based on the demonstrated understanding of your allocated company's financial risks and the appropriateness of your recommendations to manage these exposures. Consideration will be given to each student's contribution to the written report and their individual presentation.
On successful completion you will be able to:
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Demonstrate effective business communication and teamwork skills
Final examination
Due: 22 April to 7 May
Weighting: 30%
Exam required and set by CPA. Obtain at least a PASS assessment by CPA. Note if you do NOT pass the CPA exam you cannot attain a pass in this unit in this session.
Submission/extension/penalties The examination will be conducted under the rules and conditions as set out by CPA Australia.
Marking criteria Your mark will be based on the accuracy of your answers.
On successful completion you will be able to:
- Implement controls to safeguard against financial loss
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Apply accounting standards for recording financial transactions
Delivery and Resources
Technology used and required Students must be familiar with the learning management system iLearn. Students will require access to a computer to conduct their own research using internet search engines and library databases.
Required unit materials and/or recommended readings CPA Program: CPA Financial Risk Management, Deakin University, Geelong, revised November 2016. Other references are given at the end of each module in the CPA manual.
Requirements to complete the unit satisfactorily You will be expected to attend 3 hours of face-to-face lectures each week. You will also need to satisfactorily complete 2 class tests as well as a team-based research project. These tasks will require at least 50% of the total marks awarded or 35 in total of the allocated 70 marks for the internal Macquarie University component of this unit. In addition you need to achieve at least a PASS in the CPA external exam.
Timetable The timetable for classes can be found on the University webpage http://timetables.mq.edu.au
Unit Schedule
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Week |
Commencing
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Topic
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1 |
10 February |
Module 1, Introduction to Financial Risk Management
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2 |
17 February |
Module 2, Management of Liquidity, Debt & Equity
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3 |
24 February
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Module 3, Investment Evaluation & Capital Structure |
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4 |
3 March
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Module 4, Derivatives |
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5 |
10 March
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1st Test (Modules 1 to 4) Module 5, Interest Rate Risk Management |
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6 |
17 March
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Module 6, Foreign Exchange & Commodity Price Management
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7 |
24 March
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Submit initial work on research project Module 7, Accounting for Derivatives & Hedge Relationships
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8 |
31 March
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Module 8, Controlling Risks
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9 |
7 April |
2nd Test (Modules 5 to 8)
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10 |
13 April |
Test results and revision
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CPA Exams {22 April to 7 May} |
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11
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13 May |
Self study week to prepare written report and presentation |
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12 |
20 May |
Presentations and research project submitted in class
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13
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27 May |
Additional presentations if required |
Policies and Procedures
Macquarie University policies and procedures are accessible from Policy Central. Students should be aware of the following policies in particular with regard to Learning and Teaching:
Academic Honesty Policy http://mq.edu.au/policy/docs/academic_honesty/policy.html
Assessment Policy http://mq.edu.au/policy/docs/assessment/policy_2016.html
Grade Appeal Policy http://mq.edu.au/policy/docs/gradeappeal/policy.html
Complaint Management Procedure for Students and Members of the Public http://www.mq.edu.au/policy/docs/complaint_management/procedure.html
Disruption to Studies Policy (in effect until Dec 4th, 2017): http://www.mq.edu.au/policy/docs/disruption_studies/policy.html
Special Consideration Policy (in effect from Dec 4th, 2017): https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policies/special-consideration
In addition, a number of other policies can be found in the Learning and Teaching Category of Policy Central.
Student Code of Conduct
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/support/student_conduct/
Results
Results shown in iLearn, or released directly by your Unit Convenor, are not confirmed as they are subject to final approval by the University. Once approved, final results will be sent to your student email address and will be made available in eStudent. For more information visit ask.mq.edu.au.
Student Support
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Student Services and Support
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
Student Enquiries
For all student enquiries, visit Student Connect at ask.mq.edu.au
IT Help
For help with University computer systems and technology, visit http://www.mq.edu.au/about_us/offices_and_units/information_technology/help/.
When using the University's IT, you must adhere to the Acceptable Use of IT Resources Policy. The policy applies to all who connect to the MQ network including students.
Graduate Capabilities
PG - Critical, Analytical and Integrative Thinking
Our postgraduates will be capable of utilising and reflecting on prior knowledge and experience, of applying higher level critical thinking skills, and of integrating and synthesising learning and knowledge from a range of sources and environments. A characteristic of this form of thinking is the generation of new, professionally oriented knowledge through personal or group-based critique of practice and theory.
This graduate capability is supported by:
Learning outcomes
- Implement controls to safeguard against financial loss
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Apply accounting standards for recording financial transactions
Assessment tasks
- Class test 1
- Class test 2
- Report
- Final examination
PG - Research and Problem Solving Capability
Our postgraduates will be capable of systematic enquiry; able to use research skills to create new knowledge that can be applied to real world issues, or contribute to a field of study or practice to enhance society. They will be capable of creative questioning, problem finding and problem solving.
This graduate capability is supported by:
Learning outcomes
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
Assessment tasks
- Class test 1
- Class test 2
- Report
- Final examination
PG - Effective Communication
Our postgraduates will be able to communicate effectively and convey their views to different social, cultural, and professional audiences. They will be able to use a variety of technologically supported media to communicate with empathy using a range of written, spoken or visual formats.
This graduate capability is supported by:
Learning outcomes
- Identify financial risks that companies face and formulate strategies to manage financial risks
- Explain derivatives and other hedging techniques
- Demonstrate effective business communication and teamwork skills
Assessment tasks
- Class test 1
- Class test 2
- Report
- Final examination
Research & Practice, Global & Sustainability
This unit addresses global and sustainability issues as direct areas of study and as necessary implications arising from the materials, assessment and academic discussion and debate in classes/seminars. We promote sustainability by developing ability in students to research and locate information within accounting discipline. We aim to provide students with an opportunity to obtain skills which will benefit them throughout their career. This unit gives you opportunities to understand the current practice and research in Financial Risk Management. The unit materials have a reference list at the end of each module containing all references cited by the author.These provide some guidance to references that could be used to research particular issues.