Students
AFIN1002 – Finance 1B
2020 – Session 1, Weekday attendance, North Ryde
Coronavirus (COVID-19) Update
Due to the Coronavirus (COVID-19) pandemic, any references to assessment tasks and on-campus delivery may no longer be up-to-date on this page.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
General Information
Download as PDF
| Unit convenor and teaching staff |
Unit convenor and teaching staff
Convener
Keith Woodward
Contact via ilearn discussion board for subject related questions, email for personal matters
522-4EaR
See ilearn
Angela Chow
|
|---|---|
| Credit points |
Credit points
10
|
| Prerequisites |
Prerequisites
ACST101 or ACST1001 or ACST152 or ACST1052 or WACT101 or WACT1001
|
| Corequisites |
Corequisites
|
| Co-badged status |
Co-badged status
|
| Unit description |
Unit description
This unit introduces students to the financial sector, preparing them for more advanced studies in finance, and developing their interest in a career in finance. It explains the theories, principles and methods used in financial decision-making by individuals, financial institutions and companies, and applies them to the real world using current examples and market data. It further explores financial institutions and markets, and other real world considerations that affect financial transactions of individuals, financial institutions, companies and governments in a modern economy. This is an interesting and relevant unit for students intending to undertake further studies in any area of business and economics, and is required for further studies in finance. Students without a background of at least HSC Mathematics (2 Unit) or equivalent are strongly advised to have studied MATH1913 prior to enrolling in this unit.
|
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:
- ULO1: Recognise fundamental concepts in corporate finance and investment management.
- ULO2: Express financial concepts in mathematical formulas and then applied in valuing equity, debt, property and business projects.
- ULO3: Apply financial theory to real world corporate and personal finanicial decisions.
- ULO4: Analyse real financial data to evaluate the well-being of companies.
Assessment Tasks
Coronavirus (COVID-19) Update
Assessment details are no longer provided here as a result of changes due to the Coronavirus (COVID-19) pandemic.
Students should consult iLearn for revised unit information.
Find out more about the Coronavirus (COVID-19) and potential impacts on staff and students
General Assessment Information
Consultation: Teacher consultation times will be posted to iLearn.
Questions: Subject-related questions whose answer is useful to everyone should be posted to the iLearn discussion board. Questions of a personal nature can be sent to your teacher.
Late assessments: No extensions will be granted. There will be a deduction of 10% of the total available marks made from the total awarded 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 for special consideration is made and approved. No submission will be accepted after solutions have been posted.
Marks in gradebook: It is the responsibility of students to view their marks for each within-session-assessment on iLearn within 20 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 tasks (not including the final exam mark) will not be addressed.
Delivery and Resources
Coronavirus (COVID-19) Update
Any references to on-campus delivery below may no longer be relevant due to COVID-19.
Please check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
Delivery and Resources
| Recommended Text: | Not compulsory, but can be helpful. Fundamentals of Corporate Finance by Berk, Demarzo, Harford, Ford, and Mollica, published by Pearson. Any edition is fine but the third edition is the latest. A copy of the book is reserved in the library. |
| Unit Web Page: | Course materials are available on iLearn including lecture notes, tutorial questions, answers and readings. |
| Technology Used and Required: | |
| Delivery Format and Other Details: | See timetable for classes on the University web site at: http://www.timetables.mq.edu.au/ |
| Other Recommended Readings: |
For students who are looking for other learning resources, the following textbook can be sought, but it's not compulsory: Corporate Finance (11th Edition) by Ross, Westerfield, Jaffe, and Jordan, published by McGraw Hill. The Charted Financial Analyst (CFA) institute also has some useful resources: http://www.cfainstitute.org/learning/products/onlinelearning/Pages/60499.aspx?WPID=BrowseProducts |
| Other Course Materials: |
Homework: Homework will be provided on the website FightFinance.com which is maintained by staff. It's free and useful for practicing questions since it provides immediate feedback with the correct solutions. |
Unit Schedule
Coronavirus (COVID-19) Update
The unit schedule/topics and any references to on-campus delivery below may no longer be relevant due to COVID-19. Please consult iLearn for latest details, and check here for updated delivery information: https://ask.mq.edu.au/account/pub/display/unit_status
|
Lecture |
Monday date |
Topic |
|
1 |
24 Feb |
Investment assets, effective returns and inflation. Tutorials scheduled in first week. |
|
2 |
2 Mar |
Discounted cash flow and multiples valuation. |
|
3 |
9 Mar |
Debt valuation, annualised percentage rates and yield curves. Online quiz (5%) due midnight Friday 13 March. |
|
4 |
16 Mar |
Cash flows and unlevered project valuation. |
|
5 |
23 Mar |
Interest tax shields, cost of capital and levered business project valuation. |
|
6 |
30 Mar |
Mid-session test (20%) in lectures covering lecture topics 1 to 6 inclusive. |
|
7 |
6 Apr |
Return, risk, diversification and Markowitz portfolio theory. |
|
Recess from Monday 13 April to Friday 24 April. |
||
|
8 |
27 Apr |
Capital asset pricing model. |
|
9 |
4 May |
Market efficiency. |
|
10 |
11 May |
Capital raising and payout policy. Assignment (25%) due midnight Sunday 17 May. |
|
11 |
18 May |
Return distributions. |
|
12 |
25 May |
Ethics and foreign exchange. |
|
13 |
1 Jun | Revision |
Policies and Procedures
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Grade Appeal Policy
- Complaint Management Procedure for Students and Members of the Public
- Special Consideration Policy (Note: The Special Consideration Policy is effective from 4 December 2017 and replaces the Disruption to Studies Policy.)
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).
Student Code of Conduct
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
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
Supplementary exams
Information regarding supplementary exams, including dates, is available at: http://www.businessandeconomics.mq.edu.au/current_students/undergraduate/how_do_i/disruption_to_studies
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 help you improve your marks and take control of your study.
The Library provides online and face to face support to help you find and use relevant information resources.
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
If you are a Global MBA student contact globalmba.support@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.