Notice
As part of Phase 3 of our return to campus plan, most units will now run tutorials, seminars and other small group activities on campus, and most will keep an online version available to those students unable to return or those who choose to continue their studies online.
To check the availability of face-to-face and online 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
Alison Belot
Contact via Email
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Credit points |
Credit points
5
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Prerequisites |
Prerequisites
ECFS867 or AFCP8004
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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 aims to give students an insight into treasury management for non-financial corporations. It will examine cash forecasting and liquidity management, financing, financial risk management, and managing relationships with financial institutions, ratings agencies and within the business. We consider the issues confronting the treasurer today and the changing role of treasury in today's environment. A key focus is how treasury fits within the broader corporation, understanding how and why a corporate treasury differs from financial institutions, how it can add value to the corporation and work to support broader corporate objectives. |
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:
Information - Extension Requests / Penalties
Group Class Case Study (10%)
Students who do not attend receive a mark of zero. This penalty does not apply in cases where an application for Special Consideration has been made and approved.
Further information on submitting an Application for Special Consideration can be found at https://students.mq.edu.au/study/my-study-program/special-consideration
Assignment (30%)
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 incurs a 20% penalty). This penalty does not apply for cases in which an application for Special Consideration is made and approved.
Late submissions will be accepted up to 96 hours after the due date and time.
Further information on submitting an Application for Special Consideration can be found at https://students.mq.edu.au/study/my-study-program/special-consideration
Final Exam (60%)
You are expected to present yourself for examination at the time and place designated in the relevant MAFC Timetable at https://www.mq.edu.au/about/about-the-university/faculties-and-departments/business/study-with-us/macquarie-applied-finance-centre/timetables.
Deferral of an examination is not permitted unless an application for Special Consideration is made and approved.
Students who do not attend receive a mark of zero. This penalty does not apply in cases where an application for Special Consideration has been made and approved.
Further information on submitting an Application for Special Consideration can be found at https://students.mq.edu.au/study/my-study-program/special-consideration
Name | Weighting | Hurdle | Due |
---|---|---|---|
Group Class Case Study | 10% | No | Refer to iLearn |
Assignment | 30% | No | Refer to iLearn |
Final Exam | 60% | No | Refer to timetable |
Assessment Type 1: Participatory task
Indicative Time on Task 2: 0.00 hours
Due: Refer to iLearn
Weighting: 10%
Group case studies to be submitted during class, based on topics covered in class and notes.
Assessment Type 1: Case study/analysis
Indicative Time on Task 2: 11.00 hours
Due: Refer to iLearn
Weighting: 30%
An individual assignment of up to 3,500 words.
Assessment Type 1: Examination
Indicative Time on Task 2: 20.00 hours
Due: Refer to timetable
Weighting: 60%
An individual closed book assessment that is 2 hours and 10 minutes.
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
Timetable: Detailed timetable for classes are on the Centre’s website at https://mafcstudents.mq.edu.au/
Consultation Times:
Students who wish to contact any of the teaching staff may do so through:
REQUIRED AND RECOMMENDED TEXTS AND/OR MATERIALS
Text: Nil
Additional Readings: Unit notes and readings will be supplied, as well as case study materials for class discussion.
Lecture Notes: Available in printed form and electronically via iLearn.
Study Problems: Students are required to work systematically through suggested problem sets. These problems will not be collected but they will help you prepare for the exams. Answers to the problems will be handed out in class.
Pre-unit Materials: Pre-reading material is provided and must be read before class begins.
Useful References: Students should read financial press widely, and have a strong interest in corporate financial activity.
Calculators:
Assumed Knowledge: Students are expected to be familiar with relevant material from the Financial Risk Management unit.
Assumed Access: Access to a computer with word processing and spreadsheet capability is assumed, as is general student computer literacy.
TECHNOLOGY USED AND REQUIRED
Unit iLearn Site:
Laptops: A laptop per group would be beneficial to enable students to present the results of the in-class case study.
Notes: Additional subject notes may be distributed during classes to students attending (where relevant).
Important Notice:
This course is intended to give students a working understanding of the day-to-day activities and issues facing a corporate Treasury. A general working knowledge of the corporate environment and current financial events would be beneficial. The knowledge of financial markets and instruments gained through the successful completion of the core subjects will be sufficient for students undertaking this subject.
1. SHORT TERM CASH MANAGEMENT
Topics:
1.1 Producing an accurate cash flow forecast
1.2 Cash flow forecast exercise
1.3 Measuring and improving cash flow forecast accuracy
1.4 Bank account structuring, including pooling and sweeping
2. BALANCE SHEET MANAGEMENT
Topics:
2.1 Debt vs equity
2.2 Equity
2.3 Debt
2.4 Working capital management
2.5 Long term cash flow forecasting and stress testing
2.6 Debt portfolio risk management
2.7 Case study – debt portfolio
2.8 Bond pricing
2.9 Case study – local bond issue
2.10 Balance sheet management exercises
2.11 COVID 19
2.12 Case study
3. MANAGING MARKET RISK
Topics:
3.1 Risk identification and quantification
3.2 Foreign exchange risk management
3.3 Interest rate risk management
3.4 Commodities are different
3.5 Commodity price risk management
3.6 Credit risk management
3.7 Managing the risks of a bond issue
4. MANAGING TREASURY RELATIONSHIPS
Topics:
4.1 Key external relationships
4.2 Relationship banks
4.3 Credit rating agencies
4.4 Debt investors
5. SYSTEMS AND GOVERNANCE
Topics:
5.1 Creating a Treasury policy
5.2 The right control environment
5.3 When it all goes wrong
5.4 Impacts from the external environment
5.5 Treasury systems
5.6 Business continuity protocol
5.7 Information and dealing platforms
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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.
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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.
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