Unit convenor and teaching staff |
Unit convenor and teaching staff
Unit Convenor
Lydia Liu
Refer to iLearn
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Credit points |
Credit points
4
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Prerequisites |
Prerequisites
Admission to MBkgFin or MCom
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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 equips students with financial analysis skills to support advanced 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 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 understand the language of financial statements, and be able to use 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:
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.
Assessment criteria for all assessment tasks will be provided on the unit iLearn site.
Name | Weighting | Hurdle | Due |
---|---|---|---|
Practice quizzes | 0% | No | Week 1-3 |
Quizzes and Short Exercises | 30% | No | Refer to iLearn |
Assignment | 30% | No | Refer to iLearn |
Final Examination | 40% | No | Exam week |
Due: Week 1-3
Weighting: 0%
The 3 weekly quizzes are for practice and contribute 0% to the total course mark. Please use the practice quizzes as an indicator of whether you are progressing satisfactorily in the unit. If you are having difficulties, please see the Unit Convenor and consider withdrawing before the census date.
Due dates: See assessment summary in iLearn for due dates.
Type of Collaboration: Individual Submission: via iLearn Format: Online quizzes Length: Refer to iLearn Inherent Task Requirement: Refer to iLearn Late submission: No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
Due: Refer to iLearn
Weighting: 30%
Two quizzes and three short exercises will be conducted during the term. They are of various weightings and in total contribute 30% to the course final mark.
Due dates: See assessment summary in iLearn for due dates.
Type of Collaboration: Individual Submission: via iLearn Format: Refer to iLearn Length: Refer to iLearn Inherent Task Requirement: Refer to iLearn Late submission:Each task has a due date and no extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application for special consideration is made and approved.
Due: Refer to iLearn
Weighting: 30%
Due dates: See assessment summary in iLearn for due dates and further details.
Type of Collaboration: Individual Submission: via iLearn Format: Refer to iLearn Length: Refer to iLearn Inherent Task Requirement: Refer to iLearn Late submission:No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded a mark for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission – 20% penalty). This penalty does not apply for cases in which an application under Special Consideration Policy is made and approved. No submission will be accepted after solutions have been posted.
Due: Exam week
Weighting: 40%
The final exam will be a closed book exam, held on campus and invigilated.
You are permitted ONE A4 page of paper containing reference material printed on both sides. The material may be handwritten or typed. The page will not be returned to you at the end of the final examination
Type of Collaboration: Individual Submission: The final exam will be held in the University Final Exam Period. Format: Refer to iLearn Length: 2 hours plus reading time Inherent Task Requirement: Refer to iLearn Late submission:No extensions will be granted. Students who have not submitted the task prior to the deadline will be awarded a mark of 0 for the task, except for cases in which an application under Special Consideration Policy is made and approved.
Required Text:
Financial Statements Demystified by Kramer and Johnson 209 McGraw-Hill.
This textbook is available as either a print book or eBook. Details of the two versions are shown below:
Print book: Financial Statements Demystified, ISBN 9780071543873, available at http://www.mhprofessional.com/product.php?isbn=0071543880
eBook: Financial Statements Demystified, ISBN: 9781308469089, available at https://create.mheducation.com/shop/#/catalog/details/?isbn=9781308469089
Unit Web Page:
This unit will make use of the University's iLearn system.
Unit's iLearn Site:
Found by logging on to iLearn ilearn.mq.edu.au, then clicking on Financial Statement Analysis and Modelling.
This is where you will find forums, downloadable resources and links to important pages.
The forum allows you to communicate with other students and lecturer(s) and may provide supplementary material.
You are requested to post your questions on the forums at least 24 hours prior to the assignment submission date or the examination date. Questions posted after that time may not be answered. Please try to not leave your questions to the last few days.
Important Notice:
It is important that you familiarize yourself with the Unit’s iLearn site.
All students should check iLearn regularly and look for updates and distribution of materials related to the unit or assessments and participate in forum discussions.
Technology Used and Required:
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 spreadsheet.
Delivery Format and Other Details:
See timetable for classes on the University web site at: https://timetables.mq.edu.au/2019/
Recommended Readings:
Additional readings are included in iLearn
Students should assume these readings are examinable unless otherwise advised.
Assumed Knowledge:
Mathematical content
Finance has a high level of numerate content. Consequently this unit is, in parts, mathematical and arithmetical. As an indication of the level of algebra required, students should find the following problem easy to solve:
Solve for Z5:$1,000 = $681.20(1+Z5/2)10
Assumed Access:
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 spreadsheet.
The following schedule is a guide to the timing of each topic. Details of the required readings are provided in iLearn.
Week | Starting | Topic |
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1 | 29/07/2019 | Topic 1: Introduction to financial statement analysis |
2 | 05/08/2019 | Topic 2: Introduction to modelling |
3 | 12/08/2019 | Topic 3: Preparing financial statements |
4 | 19/08/2019 | Topic 4: A closer look at the balance sheet |
5 | 26/08/2019 | Topic 5: Preparing a financial model Part 1 |
6 | 02/09/2019 | Topic 6: Preparing a financial model Part 2 |
7 | 09/09/2019 | Topic 7: Revisit the Plan and the Plug |
8 | 30/09/2019 | Topic 8: Modelling a Bank |
9 | 07/10/2019 | Topic 9: Analysis of financial statements Part 1 |
10 | 14/10/2019 | Topic 10: Analysis of financial statements Part 2 |
11 | 21/10/2019 | Topic 11: Preparing a financial model Part 3 |
12 | 28/10/2019 | Topic 12: Advanced Excel functions and tools |
13 | 04/11/2019 | Revision/Exam preparation |
Macquarie University policies and procedures are accessible from Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central). Students should be aware of the following policies in particular with regard to Learning and Teaching:
Undergraduate students seeking more policy resources can visit the Student Policy Gateway (https://students.mq.edu.au/support/study/student-policy-gateway). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.
If you would like to see all the policies relevant to Learning and Teaching visit Policy Central (https://staff.mq.edu.au/work/strategy-planning-and-governance/university-policies-and-procedures/policy-central).
Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/study/getting-started/student-conduct
Results published on platform other than eStudent, (eg. iLearn, Coursera etc.) 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 or if you are a Global MBA student contact globalmba.support@mq.edu.au
Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/
Learning Skills (mq.edu.au/learningskills) provides academic writing resources and study strategies to improve your marks and take control of your study.
Students with a disability are encouraged to contact the Disability Service who can provide appropriate help with any issues that arise during their studies.
For all student enquiries, visit Student Connect at ask.mq.edu.au
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