Students

ACCG2002 – Finance and Regulation for New Ventures

2020 – Session 2, Special circumstance

Notice

As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group learning activities on campus for the second half-year, while keeping an online version available for those students unable to return or those who choose to continue their studies online.

To check the availability of face to face activities for your unit, please go to timetable viewer. To check detailed information on unit assessments visit your unit's iLearn space or consult your unit convenor.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Convenor
Michael Quilter
Contact via email
4ER309
Lecturer
Mark Abraham
Contact via email
Credit points Credit points
10
Prerequisites Prerequisites
50cp at 1000 level or above including BBA102 or MGMT1002
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit will introduce students to core financial and legal aspects of selecting, forming, structuring and running a business. Students will develop an understanding of relevant legal concepts and principles underpinning the regulation of business including corporate management responsibilities. By exposure to key aspects of financial planning, budgeting and capital raising students will be able to make commercially sound choices in relation to starting a business and comparing business structures. At the conclusion of the unit students will have gained a valuable perspective on commencing and running business operations and will have developed an understanding of the planning and financing of a business venture.

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: Identify key aspects of the commercial legal environment and the Australian corporate legislative framework and distinguish the legal characteristics of differing business organisations.
  • ULO2: Recognise features of corporate functionality and management issues, including the role and obligations of directors and insolvency regulation.
  • ULO3: Apply investment and financing concepts to business decisions and critically evaluate financial viability including an exploration of financial models, forecasting capital expenditures, working capital needs and financing events.
  • ULO4: Analyse sources of funding and financing needs.

General Assessment Information

Together with the information provided in this Unit Guide there will be additional, and if required updated, information and detail in relation to assessment, and the unit generally, available on iLearn.

 

Assessment Tasks

Name Weighting Hurdle Due
Online Quiz – Law 20% No Week 3
Assignment - Law 20% No Week 6
Assignment - Finance 40% No Week12
Online Quiz - Finance 20% No Week 13

Online Quiz – Law

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 3
Weighting: 20%

 

The online quiz will be administered via iLearn during the first half of the session.

 


On successful completion you will be able to:
  • Identify key aspects of the commercial legal environment and the Australian corporate legislative framework and distinguish the legal characteristics of differing business organisations.

Assignment - Law

Assessment Type 1: Essay
Indicative Time on Task 2: 20 hours
Due: Week 6
Weighting: 20%

 

In this assessment students will be required to critically reflect on the key issues and principles of corporate functionality and management issues, including the role and obligations of directors and insolvency regulation. The submission should not exceed 1,000 words.

 


On successful completion you will be able to:
  • Identify key aspects of the commercial legal environment and the Australian corporate legislative framework and distinguish the legal characteristics of differing business organisations.
  • Recognise features of corporate functionality and management issues, including the role and obligations of directors and insolvency regulation.

Assignment - Finance

Assessment Type 1: Practice-based task
Indicative Time on Task 2: 40 hours
Due: Week12
Weighting: 40%

 

This task requires students to prepare a business plan in relation to specific instructions. The business plan should not exceed 2,500 words excluding financial tables.

 


On successful completion you will be able to:
  • Apply investment and financing concepts to business decisions and critically evaluate financial viability including an exploration of financial models, forecasting capital expenditures, working capital needs and financing events.
  • Analyse sources of funding and financing needs.

Online Quiz - Finance

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 13
Weighting: 20%

 

The online quiz will be administered via iLearn during the second half of the session.

 


On successful completion you will be able to:
  • Apply investment and financing concepts to business decisions and critically evaluate financial viability including an exploration of financial models, forecasting capital expenditures, working capital needs and financing events.
  • Analyse sources of funding and financing needs.

1 If you need help with your assignment, please contact:

  • the academic teaching staff in your unit for guidance in understanding or completing this type of assessment
  • the Writing Centre for academic skills support.

2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation

Delivery and Resources

Classes

Classes will progress through the various Lecture Areas referred to in this Unit Guide. There may be some reorganisation, overlapping, and/or integration of areas to accommodate assessment and unit structure. 

The timetable for classes can be found on the University web site at: http://www.timetables.mq.edu.au/

Required Texts

Law Text: Quilter, Company Law Perspectives, 4th ed. 2020, Thomson Reuters (Lawbook Co.) – [referred to as CLP 4th ed]

CLP 4th ed will be available in the Macquarie University library. It can be purchased directly from the publishers Thomson Reuters via their website https://legal.thomsonreuters.com.au/student/university/macquarie/

Finance Text: Berk, J., DeMarzo P., Harford J., Ford, G., and Mollica, V., Fundamentals of Corporate Finance,  3rd Australian Edition, 2017, Pearson Australia, 

Students should take responsibility for their own learning and this will incorporate reading as required, attendance at seminars, developing effective study strategies, reflection on their abilities, and a task oriented approach to assessment – that is, do not think solely about gathering information - think about what will be required - what makes for successful performance in tests and assignments - and how you will use the material you have studied. 

Students should be ready to allocate at least 150 hours during session time for ACCG2002. This includes all classes, assessment, personal study and other learning activities. 

 

Unit Schedule

Unit Schedule

UNIT SCHEDULE - This Unit has a Law component and a Finance component

LAW

Law Text: Quilter, Company Law Perspectives3rd ed. 2017, Thomson Reuters (Lawbook Co.) - [referred to herein as "Q"] 

Week 1 – Law

Legal system

Litigation; Tort; Contract; Consumer Law (Q Ch. 1, 2, 3 and 34); Intellectual Property; Agency (Q Ch. 4)

Week 2 – Law

Comparison of business organisations

Corporate legislative framework, registration and types of companies

Partnership Act: www.austlii.edu.au/au/legis/nsw/consol_act/pa1892154/

Associations; Sole Proprietors; Partnerships: Q Ch. 5

Applying for registration and the consequences of incorporation: Q Ch. 8                                    

Types of Companies: Q Ch. 7                         

Corporations Act: www.austlii.edu.au/au/legis/cth/consol_act/ca2001172/

Week 3 – Law

The company constitution and the replaceable rules: Q Ch. 9                               

Fundraising

Disclosure to Investors – fundraising: Q Ch. 14                    

Share capital: Q Ch. 15                                  

Debentures and Loan Capital: Q Ch. 17                                        

Promoters and pre-registration contracts: Q Ch. 12   

Law Test                  

Week 4 – Law

Directors and Management

Duties of directors and other officers: Q Ch. 18, 19, 20, 21

Financial and Reporting Obligations of Directors: Q Ch. 22                       

Week 5 – Law

Insolvency – Corporate and Personal

Arrangements and Reconstructions; Receivership; Voluntary Administration:

Q Ch. 29, 30, 31 and 32

Bankruptcy

Liquidation - Insolvent trading: Q Ch. 33          

Week 6 – Law

Summary and specific issues: shares and share trading

Law Assignment

 

FINANCE

Finance Text: Berk, J., DeMarzo P., Harford J., Ford, G., and Mollica, V., Fundamentals of Corporate Finance, 3rd Australian Edition2017 Pearson Australia,  (referred to herein as ‘Berk’)

Week 7 - Finance

Introduction to Corporate Finance

Berk Ch. 1 and 2

MID-SESSION BREAK

Week 8 – Finance

Time Value of Money

Berk Ch. 3, 4 and 5

Week 9 – Finance

Bond and Share Valuations

Berk Ch. 6, 7 and 10

Week 10 – Finance

Investment Decisions

Berk Ch. 8 and 9

Week 11 – Finance

Risk and Return

Berk Ch. 11 and 12

Week 12 – Finance - Submit Finance Assignment

Raising Funds

Berk Ch. 14, 15 and 16

Week 13 – Finance

Summary

Finance Test 

 

 

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:

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

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.

Changes from Previous Offering

In Session 2 2020 delivery of this unit will be structured to include both on-campus and online classes.