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.
Unit convenor and teaching staff |
Unit convenor and teaching staff
Convenor
Michael Quilter
Contact via email
4ER309
Lecturer
Mark Abraham
Contact via email
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Credit points |
Credit points
10
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Prerequisites |
Prerequisites
50cp at 1000 level or above including BBA102 or MGMT1002
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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 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. |
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:
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.
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 |
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.
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.
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.
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.
1 If you need help with your assignment, please contact:
2 Indicative time-on-task is an estimate of the time required for completion of the assessment task and is subject to individual variation
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 - This Unit has a Law component and a Finance component
LAW
Law Text: Quilter, Company Law Perspectives, 3rd 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 Edition, 2017 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
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).
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 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.
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
If you are a Global MBA student contact globalmba.support@mq.edu.au
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.
In Session 2 2020 delivery of this unit will be structured to include both on-campus and online classes.