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ACCG8305 – CPA - Financial Risk Management

2021 – Session 2, Special circumstance

Session 2 Learning and Teaching Update

The decision has been made to conduct study online for the remainder of Session 2 for all units WITHOUT mandatory on-campus learning activities. Exams for Session 2 will also be online where possible to do so.

This is due to the extension of the lockdown orders and to provide certainty around arrangements for the remainder of Session 2. We hope to return to campus beyond Session 2 as soon as it is safe and appropriate to do so.

Some classes/teaching activities cannot be moved online and must be taught on campus. You should already know if you are in one of these classes/teaching activities and your unit convenor will provide you with more information via iLearn. If you want to confirm, see the list of units with mandatory on-campus classes/teaching activities.

Visit the MQ COVID-19 information page for more detail.

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff
Garry Morris
garry.morris@mq.edu.au
Moderator
Carl Shen
carl.shen@mq.edu.au
Administration
Charmaine D'Souza
charmaine.dsouza@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
(ACCG907 or ACCG8307) and (ACCG908 or ACCG8308) and (ACCG913 or ACCG8313)
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This unit provides extended formal academic support for students concurrently enrolled in the Financial Risk Management unit of the CPA program. It provides knowledge, principles, skills and an appreciation of the treasury function in a corporate environment. It presents an overview of various aspects of treasury focusing on the identification and management of financial risks that organisations face. The unit also addresses investment evaluation, the sourcing of necessary funds for an organisation, and the application of and accounting for hedge instruments. In addition, the unit considers the need for suitable controls within the treasury function.

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: Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • ULO2: Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes
  • ULO3: Apply accounting standards for recording financial transactions
  • ULO4: Analyse the significance for companies having adequate controls to safeguard against financial loss and propose specific policies and procedures to reduce risk

Assessment Tasks

Name Weighting Hurdle Due
Class Test 1 20% No 19 August 6pm AEST
Class Test 2 20% No 16 September 6 pm AEST
Business Report 20% No 21 October 1 pm AEST
Class participation 10% No Each week
CPA External Exam 30% Yes 23 September to 10 October

Class Test 1

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: 19 August 6pm AEST
Weighting: 20%

 

A class test comprising of multiple-choice questions will be conducted online. This test is designed to provide feedback to students on their level of understanding of key topics and concepts covered and to identify any particular learning challenges or areas of difficulties.

 
On successful completion you will be able to:
  • Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes
  • Apply accounting standards for recording financial transactions
  • Analyse the significance for companies having adequate controls to safeguard against financial loss and propose specific policies and procedures to reduce risk

Class Test 2

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: 16 September 6 pm AEST
Weighting: 20%

 

A class test comprising of multiple-choice questions will be conducted online. This test is designed to provide feedback to students on their level of understanding of key topics and concepts covered and to identify any particular learning challenges or areas of difficulties.

 
On successful completion you will be able to:
  • Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes
  • Apply accounting standards for recording financial transactions
  • Analyse the significance for companies having adequate controls to safeguard against financial loss and propose specific policies and procedures to reduce risk

Business Report

Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 36 hours
Due: 21 October 1 pm AEST
Weighting: 20%

 

Students will write a 1,500 word report (worth 10%) and each student will give a 5-minute presentation (worth 10%) outlining their findings and recommendations. The focus of the task will be to identify the key financial risks of a (public listed) company allocated to the team. The team will need to propose methods to manage the risks and identify suitable benchmarks to measure Treasury’s performance.

 
On successful completion you will be able to:
  • Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes

Class participation

Assessment Type 1: Participatory task
Indicative Time on Task 2: 24 hours
Due: Each week
Weighting: 10%

 

Students are required to actively participate in class discussions both individually and in a group context when required. Prior preparation is necessary for active participation. The participation mark will be a result of attempting to participate, as well as the quality and frequency of that participation. Class participation is designed to encourage and help students achieve the learning outcomes of this unit.

 
On successful completion you will be able to:
  • Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes
  • Apply accounting standards for recording financial transactions
  • Analyse the significance for companies having adequate controls to safeguard against financial loss and propose specific policies and procedures to reduce risk

CPA External Exam

Assessment Type 1: Examination
Indicative Time on Task 2: 20 hours
Due: 23 September to 10 October
Weighting: 30%
This is a hurdle assessment task (see assessment policy for more information on hurdle assessment tasks)

 

Examination administered by CPA Australia. CPA Australia will advise on the format and topics included in the final exam. Students need to achieve at least a PASS mark in this CPA external examination. If students do not pass this CPA examination, students will not pass this unit.

 
On successful completion you will be able to:
  • Demonstrate an understanding of the different financial risks that companies face and formulate strategies to manage these financial risks
  • Analyse practical elements of accounting for derivatives, including embedded derivatives used for hedging purposes
  • Apply accounting standards for recording financial transactions
  • Analyse the significance for companies having adequate controls to safeguard against financial loss and propose specific policies and procedures to reduce risk

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

  • Required text CPA program: CPA Financial Risk Management 3rd Edition (Enhanced) November 2020
  • Unit web page www.mq.edu.au
  • Technology used and required familiarity with iLearn and access to computer
  • Delivery format and other details timetable found http://timetables.mq.edu.au
  • Recommended readings from CPA text
  • Other course materials suggested in CPA text

Unit Schedule

Week Topic
1 Module 1 Introduction to Financial Risk Management
2 Module 2 Management of Liquidity, Debt and Equity
3 Module 3 Investment Evaluation & Capital Structure
4 Module 4 Derivatives
5 Module 5 Interest Rate Risk Management/ 1st Test
6 Module 6 Foreign Exchange & Commodity Price Management
7 Module 7 Accounting for Derivatives & Hedge Relationships
8 Module 8 Controlling Risks
9 2nd Test
10 Test results and Revision
11 Revision
  CPA Exams
12 Presentations & Project submitted
13 Presentations & Project submitted

Policies and Procedures

Macquarie University policies and procedures are accessible from Policy Central (https://policies.mq.edu.au). Students should be aware of the following policies in particular with regard to Learning and Teaching:

Students seeking more policy resources can visit Student Policies (https://students.mq.edu.au/support/study/policies). It is your one-stop-shop for the key policies you need to know about throughout your undergraduate student journey.

To find other policies relating to Teaching and Learning, visit Policy Central (https://policies.mq.edu.au) and use the search tool.

Student Code of Conduct

Macquarie University students have a responsibility to be familiar with the Student Code of Conduct: https://students.mq.edu.au/admin/other-resources/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.

Unit information based on version 2021.03 of the Handbook