Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor / Lecturer
Jennifer Harrison
Contact via Email
Unit Convenor / Lecturer
James Hay
Contact via Email
Mi Yea Park
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MAppFin or MAppFin(Adv)
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Corequisites |
Corequisites
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Co-badged status |
Co-badged status
AFCP813
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Unit description |
Unit description
This unit equips students with financial analysis skills to support further study in corporate finance and investment analysis. Emphasis is placed on being able to interpret financial statements in the context of a company’s operational performance and strategy, to critically assess historical financial performance and to prepare a spreadsheet based financial model capable of forecasting integrated financial statements for a company. After this unit, students should be proficient in the language of financial statements, and be highly competent in the use of an Annual Report to develop an understanding of a company’s historical performance and prospects. Specific topics include the Income Statement, Balance Sheet, Cash Flow Statement and financial statement analysis using Dupont methodology. Financial modelling applications will also be developed, so students will be able to prepare forecasts for the three financial statements, as well as being able to integrate the three statements.
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Information about important academic dates including deadlines for withdrawing from units are available at https://www.mq.edu.au/study/calendar-of-dates
On successful completion of this unit, you will be able to:
Name | Weighting | Hurdle | Due |
---|---|---|---|
Quizzes | 20% | No | In iLearn |
Short Exercises | 20% | No | In iLearn |
Assignment | 30% | No | In iLearn |
Final Examination | 30% | No | Exam week |
Due: In iLearn
Weighting: 20%
Summary of Assessment Task
Individual / Group: Individual
Due Dates: See assessment summary in iLearn for due dates
Timing: Two online quizzes will be conducted during the term. The first online quiz relates to material in Topics 1-4 and the second online quiz relates to material in Topics 5-9.
Grading Method: Automated in iLearn. Please also refer to the section “Standards Required to Complete the Unit Satisfactorily.”
Submission Method: Online via iLearn.
Quiz Conditions: Open book.
Extension Requests: You are expected to make yourself available for assessment during the relevant quiz window. No extensions will be granted. Students who have not submitted the task prior to the due date will be awarded a mark of zero for the task, except for cases in which an application for Special Consideration is made and approved. If you have serious and unavoidable circumstances that prevent you from submitting an assessment task by the due date, you must apply for Special Consideration no later than five (5) working days after the assessment due date. Refer to MAFC Program Rules & Procedures at www.mafc.mq.edu.au for information on the University’s Special Consideration Policy.
Due: In iLearn
Weighting: 20%
Summary of Assessment Task
Individual / Group: Individual
Due Dates: See assessment summary in iLearn for due dates.
Timing: Four short exercises will be assessed during the term. The short exercises relate respectively to material in Topics 1, 2, 3 and 6.
Grading Method: Graded by Lecturer against marking rubric to be provided with the task description in iLearn. Please also refer to the section “Standards Required to Complete the Unit Satisfactorily.”
Submission Method: Online via the Unit's iLearn site.
Extension Requests: You are expected to submit the assessment prior to the deadline. No extensions will be granted. Students who have not submitted the task prior to the due date will be awarded a mark of zero for the task, except for cases in which an application for Special Consideration is made and approved. If you have serious and unavoidable circumstances that prevent you from submitting an assessment task by the due date, you must apply for Special Consideration no later than five (5) working days after the assessment due date. Refer to MAFC Program Rules & Procedures at www.mafc.mq.edu.au for information on the University’s Special Consideration Policy.
Due: In iLearn
Weighting: 30%
Summary of Assessment Task
Individual / Group: Individual
Due Dates: See assessment summary in iLearn for the due date.
Grading Method: Graded by Lecturer against marking rubric to be provided with the task description in iLearn. Please also refer to the section “Standards Required to Complete the Unit Satisfactorily.”
Submission Method: Via iLearn.
Extension Requests: You are expected to submit the assessment prior to the deadline. No extensions will be granted. Students who have not submitted the task prior to the due date will be awarded a mark of zero for the task, except for cases in which an application for Special Consideration is made and approved. If you have serious and unavoidable circumstances that prevent you from submitting an assessment task by the due date, you must apply for Special Consideration no later than five (5) working days after the assessment due date. Refer to MAFC Program Rules & Procedures at www.mafc.mq.edu.au for information on the University’s Special Consideration Policy.
Due: Exam week
Weighting: 30%
Summary of Assessment Task
Individual / Group: Individual
Due Date: See the assessment summary in iLearn for the due date.
Grading Method: Graded by Lecturer applying the “Standards Required to Complete the Unit Satisfactorily.”
Submission Method: Online via the Unit's iLearn site.
Duration: 3 hours
Examination Conditions:
Extension Requests: You are expected to make yourself available for assessment during the relevant exam window. No extensions will be granted. Students who have not sat the final examination prior to the due date will be awarded a mark of zero for the task, except for cases in which an application for Special Consideration is made and approved. Refer to MAFC Program Rules & Procedures at www.mafc.mq.edu.au for information on the University’s Special Consideration Policy.
Required Text:
Financial Statements Demystified by B. Kramer and C. Johnson 2009 McGraw-Hill Education.
This textbook is available to buy from the publisher, McGraw-Hill Education, as either a print book or an e-book. Please note that the publisher’s prices may be quoted in US dollars and the book may ship from overseas. If you intend to use the print book, please allow sufficient time for delivery. The print book is also available from The Coop, Dymocks and other sellers. The following links can be used to purchase the textbook:
Additional Readings:
Assumed Knowledge: Mathematical content
This is an online unit which will make use of the University's iLearn system.
Unit's iLearn Site:
Important Notice:
Assumed access to technology: Access to a computer with word processing and spreadsheet capability is assumed, as is general student computer literacy. A recent version of Excel is the preferred choice of spreadsheet.
The following schedule is a guide to the timing of each topic.
Week |
Topic |
Latest date to start working on this topic |
0 |
Orientation and Topic 1: Introduction to financial statement analysis |
26 March |
1 |
Topic 1: Introduction to financial statement analysis |
2 April |
2 |
Topic 2: Introduction to financial modelling |
9 April |
3 |
Topic 3: Preparing financial statements |
16 April |
4 |
Topic 4: A closer look at the balance sheet |
23 April |
5 |
Topic 5: Analysis of financial statements |
30 April |
6 |
Topic 6: Preparing a financial model Part 1 |
7 May |
7 |
Topic 7: Preparing a financial model Part 2 |
14 May |
8 |
Topic 8: Further steps in financial modelling |
21 May |
9 |
Topic 9: Analysis of financial statements (capstone) |
28 May |
10 |
Exam preparation |
4 June |
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The Delivery and Resources section was updated in August 2017.
This unit guide contains important information about the Unit. If anything is unclear, please consult one of the unit lecturers.
University Policy on Grading:
Specific Unit Grading:
Grade | Expectation |
---|---|
High Distinction | Provides consistent evidence of deep and critical understanding in relation to the learning outcomes. There is substantial originality and insight in identifying, generating and communicating competing arguments, perspectives or problem solving approaches; critical evaluation of problems, their solutions and their implications; creativity in application as appropriate to the discipline. |
Distinction | Provides evidence of integration and evaluation of critical ideas, principles and theories, distinctive insight and ability in applying relevant skills and concepts in relation to learning outcomes. There is demonstration of frequent originality in defining and analysing issues or problems and providing solutions; and the use of means of communication appropriate to the discipline and the audience. |
Credit | Provides evidence of learning that goes beyond replication of content knowledge or skills relevant to the learning outcomes. There is demonstration of substantial understanding of fundamental concepts in the field of study and the ability to apply these concepts in a variety of contexts; convincing argumentation with appropriate coherent justification; communication of ideas fluently and clearly in terms of the conventions of the discipline. |
Pass | Provides sufficient evidence of the achievement of learning outcomes. There is demonstration of understanding and application of fundamental concepts of the field of study; routine argumentation with acceptable justification; communication of information and ideas adequately in terms of the conventions of the discipline. The learning attainment is considered satisfactory or adequate or competent or capable in relation to the specified outcomes. |
Fail | Does not provide evidence of attainment of learning outcomes. There is missing or partial or superficial or faulty understanding and application of the fundamental concepts in the field of study; missing, undeveloped, inappropriate or confusing argumentation; incomplete, confusing or lacking communication of ideas in ways that give little attention to the conventions of the discipline. |
Review of Grade and final examination Script viewing: