Students

ACCG2002 – Finance and Regulation for New Ventures

2022 – Session 2, Online-scheduled-weekday

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Moderator
Carl Shen
accg2002@mq.edu.au
Convenor
Jengfang Chen
accg2002@mq.edu.au
Lecturer
Daisy Chen
accg2002@mq.edu.au
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

Late submission

Late assessment must also be submitted through Turnitin. 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. Note: applications for Special Consideration Policy must be made within 5 (five) business days of the due date and time.

Assessment Tasks

Name Weighting Hurdle Due
Online Quiz – Law 20% No Week 3
Assignment - Law 20% No Week 6
Assignment - Finance 40% No Week 12
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: Week 12
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

The unit has 3 hours of teaching per week.

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

Required Texts

Law Text: 

Chapple, James, Wong, Baumfield, Copp, Cunningham, Kamalnath, Watson and Harpur, Business and Company Law 2nd edition 2020, John Wiley & Sons

Quilter, Company Law Perspectives, 4th ed. 2020, Thomson Reuters (Lawbook Co.) 

Finance Text: 

Ross, S., Trayler, R., Koh, C., Hambusch, G., Glover, K., Westerfield, R., and Jordan, B.,  Fundamentals of Corporate Finance,  8th  Edition, 2021, McGraw Hill/ Australia – [referred to as FCF 8th ed]

FCF 8th ed will be available in the Macquarie University library. It can be purchased directly from the website https://www.booktopia.com.au/fundamentals-of-corporate-finance-stephen-a-ross-rowan-trayler-charles-koh/book/9781743768051.html

 

 

Unit Schedule

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

LAW

Week 1 – Law

Essential elements of the legal system

Week 2 – Law

Business organisations

Companies and incorporation

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

Week 3 – Law

Company constitution

Membership, members’ powers and dividends

Assessment Due: Online Quiz - Law

Week 4 - Law

Corporate governance and company management

Directors’ and officers’ duties A

Week 5 – Law

Directors’ and officers’ duties B

Financing a company via equity or debt

Week 6 - Law

Receivership and administration

Liquidation

Assessment Due: Assignment - Law

 

FINANCE

Week 7 - Finance

Introduction to Corporate Finance

MID-SESSION BREAK

Week 8 – Finance

Business Model and Financial Statements

Week 9 – Finance

Valuation

Week 10 – Finance

Investment Decisions

Week 11 – Finance

Risk and Return

Week 12 – Finance - Submit Finance Assignment

Raising Funds

Week 13 – Finance

Summary

Finance Test 

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

Academic Integrity

At Macquarie, we believe academic integrity – honesty, respect, trust, responsibility, fairness and courage – is at the core of learning, teaching and research. We recognise that meeting the expectations required to complete your assessments can be challenging. So, we offer you a range of resources and services to help you reach your potential, including free online writing and maths support, academic skills development and wellbeing consultations.

Student Support

Macquarie University provides a range of support services for students. For details, visit http://students.mq.edu.au/support/

The Writing Centre

The Writing Centre provides resources to develop your English language proficiency, academic writing, and communication skills.

The Library provides online and face to face support to help you find and use relevant information resources. 

Student Services and Support

Macquarie University offers a range of Student Support Services including:

Student Enquiries

Got a question? Ask us via AskMQ, or contact Service Connect.

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 2022.02 of the Handbook