|Unit convenor and teaching staff||
Unit convenor and teaching staff
Unit Convenor & Lecturer
Please refer to iLearnLecturer
Please refer to iLearnTeaching Assistant
Veronica ChenSenior Department Administrator AFAS
This is an introductory unit in finance and is a core part of the first year knowledge base in most programs. Students will examine the Australian financial system as well as an introduction to financial mathematics and the pricing of financial instruments. They will also learn about financial institutions, financial markets, and risk and regulation. Students will develop spreadsheet skills in finance which is a critical employment skill. A background of at least HSC General Mathematics or equivalent numerical competency is highly desirable. Students who do not have this background and who do not intend to continue with AFIN102 Finance 1B, are advised to enrol in ECON131 Quantitative Methods in Economics, Business and Finance. Students who plan to continue their studies in finance are strongly advised to have studied at least HSC Mathematics (2 Unit) or its equivalent or MATH123 before enrolling in AFIN102.
Assessment Criteria: Assessment Criteria for all assessment tasks will be provided on the ilearn site.
Feedback Prior Census Date: On-line Quiz 1 & 2 are to be completed before census date. The results from these quizzes provide an indication of whether you are progressing satisfactorily in the unit. If you are having difficulties, please arrange to see the Unit Convenor and consider withdrawing before the census date.
Final Exam Reference Sheet: In the Final Examination students will be permitted a "Reference Sheet": a ONE A4 sheet of paper containing reference material printed on both sides. The material may be handwritten and/or typed (any font, any colour(s)). The Reference Sheet will be collected at the end of the examination, and will not be returned to you. For the In Class Test 1 (ICT) no reference sheet is allowed and students will be provided with a formula sheet.
Within Session Assessment Task Marks: It is the responsibility of students to view their marks for each within session assessment on iLearn within 20 working days of posting. If there are any discrepancies, students must contact the unit convenor immediately. Failure to do so will mean that queries received after the release of final results regarding assessment marks (not including the final exam mark) will not be addressed.
|On-Line Quiz (10 in total)||23%||No||Week 2 to Week 13|
|Excel Assignment||7%||No||11th September 2017 11.55pm|
|Class Test||15%||No||Week 10|
|Final Exam||55%||No||University Examination Period|
Due: Week 2 to Week 13
An On-line quiz (open-book) will be held each week from week 2 through to week 13. Quiz 4 contributes to a possible 5% of overall quiz marks and is part of the Excel Assignment requirement. The other 9 quizzes each carry a weight of 2% (total 18% of possible course marks). Students are given a single attempt at each quiz. No extensions will be granted.
Students should not delay completion of any quiz until the last day. Students who do not complete the quiz prior to the deadline will be awarded a mark of zero (0) for the task except for cases in which an application for Disruption to Studies (DtS) is made and approved. Any approved DtS application in relation to an online quiz will normally only be considered for special consideration where the disruption lasted for at least three days of the assessment period. Where the DtS is granted, the student may be offered an alternative assessment or may receive a mark based on the percentage mark achieved by the student in one or more other assessment tasks, at the Unit Convenor’s discretion.
Due: 11th September 2017 11.55pm
The Excel Assignment requires preparation of an excel spreadsheet. The assignment is to be completed individually. Details of the assignment, the submission procedure and marking guide will be posted on iLearn by the beginning of week 4. [Note: Students must also complete the excel online quiz being Quiz 4 mentioned above. The Quiz is separately assessed.] No extensions will be granted. Students who do not complete the assignment prior to the deadline will be awarded a mark of 0 for the task except for cases in which an application for Disruption to Studies is made and approved. The Unit Convenor has no discretion to award a supplementary assessment outside of the DtS policy.
Due: Week 10
In Class Test (ICT) (closed book) will be held in lectures in Week 10. The Class Test will be 50 minutes in duration and will be based on Week 1 to 7 (inclusive) content. This test will be worth 15%. Students must attend the lecture venue in which they are enrolled. Students who fail to attend the test for their enrolled lecture time will be awarded a mark of zero (0) except in cases where a Disruption to Studies application is made and approved.
Due: University Examination Period
Final Examination (closed book) will cover all Week 1 through Week 13 topics. It will be a two hour exam, with 10 minutes added for reading time. Students will be permitted one 'Reference Sheet' in the examination room comprising ONE A4 page of paper containing reference material printed on both sides. The material may be handwritten and/or typed. The page will not be returned to students at the end of the final examination.
Learning and Teaching Activities
There are 3 hours of face-to-face teaching per week consisting of 1 x 2 hour lecture and 1 x 1 hour tutorial.
The schedule of lecture and tutorial class times is available at: http://www.timetables.mq.edu.au
Lectures will be held weekly. Lecture notes will be available in the week of the lecture, at the iLearn weekly tabs.
Tutorials will be held weekly, commencing in Week 1. No tutorials are scheduled for Week 10. Tutorials are considered compulsory. Attendance will be recorded and may be considered in instances where Disruption to Studies applications are made or applications are made for withdrawal without penalty.
Tutorial enrolment or change of tutorial can be made through eStudent in the first two weeks of the semester. No tutorial changes are allowed after Week 2. Students should check on eStudent for their tutorial room, especially as tutorial room allocations may have been changed since time of enrolment. Students should attend only their allocated tutorial.
Students are expected to complete the ‘Tutorial Questions’ as a self-directed study activity before attending a tutorial. Solutions will be posted after the week in which the questions are discussed. Additional learning support will be available in tutor consultation times, and in PAL sessions.
Parino, R. et al. 2014. Fundamentals of Corporate Finance (Australian 2nd Ed.). Milton, QLD: John Wiley & Sons Ltd.
e-text version (cheapest) ISBN : ISBN : 978-0-7303-0571-2 http://www.wileydirect.com.au/buy/fundamentals-of-corporate-finance-2nd-edition/
The Wileyplus add-on should not be purchased for ACST101.
hardcopy alternative: ISBN : 978-0-7303-0542-2
Technology Used and Required
A calculator will be required during the Week 10 In Class Test (ICT), and the Final Examination. Note: students are expected to clearly show all steps (workings) in their solutions to 'calculation' questions.
Non-programmable calculators with no text-retrieval functionality are permitted. Calculators that have a full alphabet on the keyboard are not permitted. Graphics calculators are not permitted. Calculators need the following minimum functionality: xy or ^, 1/x and log or ln functions, and a memory. Non-programmable financial calculators are permitted but it is not a requirement to use a financial calculator.
Students are expected to by Week 1 be familiar at least with the basic operation of their calculator.
Students are expected to by Week 1 be familiar at least with the basic operation of their computing device, ensuring the device is Wi-Fi enabled to access lecture activities in 'real-time'.
Students should have access to Excel software, and are expected to in Week 1 have viewed the 'Excel Tutorials' in iLearn 'Kick-Start'. Excel will be used in lectures and tutorials from Week 1. A review of Excel fundamentals and time value of money functionality is scheduled for the Week 4 lecture. To maximise the benefit of the Week 4 lecture content, we strongly recommend students to engage with Excel from Week 1. Students should refer to iLearn for links to obtain free access to Excel software.
Knowledge of Maths
A background of at least HSC General Mathematics or equivalent numerical competency is assumed. A small self-diagnostic online Maths Revision exercise will be available on iLearn in Week 1. The self-diagnostic exercise is not assessable but may assist in providing an indication of your understanding of the type of mathematics functions we will use in the unit. Students requiring assistance with the unit's mathematical elements throughout the term may consult with the Numeracy Centre team during appointed hours (no appointment needed). Students without HSC General Mathematics or equivalent, are best advised to not undertake ACST101 until completing a math unit (MATH123 or ECON131).
The Financial System and Interest Rates(Text Ch. 2)
|2||Time Value of Money I (TVM I) (Single Amounts) (Text Ch. 5)|
Time Value of Money II (TVM II) (Multiple Amounts) (Text Ch. 6)
Excel TVM Functionality (Material provided on iLearn)
TVM III (Mixed Problem-solving) (Material provided on iLearn)
|6||Bond Valuation (Text Ch. 8)|
|7||Share Valuation (Text Ch. 9)|
|Mid Semester lecture break 15th September to 2nd October|
Fundamentals of Capital Budgeting (Text Ch. 10)
Risk and Return (Text Ch. 7)
|10||In-class Test (ICT)|
Raising Capital (Text Ch. 15)
|12||Global Financial Crises (material provided on iLearn)|
|13||Revision & Exam Structure briefing|
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
Further information regarding supplementary exams, including dates, is available here http://www.businessandeconomics.mq.edu.au/new_and_current_students/undergraduate_current_students/how_do_i/disruption_to_studies/
For all student enquiries, visit Student Connect at ask.mq.edu.au
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