Students
ACCG8305 – CPA - Financial Risk Management
2022 – Session 2, Online-scheduled-weekday
General Information
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| Unit convenor and teaching staff |
Unit convenor and teaching staff
Garry Morris
Carl Shen
Administration
Charmaine D'Souza
Contact via Email
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| Credit points |
Credit points
10
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| Prerequisites |
Prerequisites
(ACCG907 or ACCG8307) and (ACCG908 or ACCG8308) and (ACCG913 or ACCG8313)
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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 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 tests 1 | 20% | No | 6 pm 22 August 2022 |
| Class test 2 | 20% | No | 6 pm 19 September 2022 |
| Business Report | 20% | No | 1 pm 31 October 2022 |
| Class participation | 10% | No | Each week |
| CPA External Exam | 30% | Yes | 27 September to 16 October 2022 |
Class tests 1
Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 20 hours
Due: 6 pm 22 August 2022
Weighting: 20%
An online class test comprising of multiple-choice questions will be conducted in computer labs. 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: 6 pm 19 September 2022
Weighting: 20%
An online class test comprising of multiple-choice questions will be conducted in computer labs. 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: 1 pm 31 October 2022
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: 27 September to 16 October 2022
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), Deakin University, Geelong, Published November 2020
- Unit web page www.mq.edu.au
- Technology used and required familiarity with iLearn and access to a computer
- Delivery format and other details, including timetable found at http://timetables.mq.edu.au
- Recommended readings mentioned in CPA Financial Risk Management text
- Other course materials as suggested in the CPA text or in iLearn
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:
- Academic Appeals Policy
- Academic Integrity Policy
- Academic Progression Policy
- Assessment Policy
- Fitness to Practice Procedure
- Assessment Procedure
- Complaints Resolution Procedure for Students and Members of the Public
- Special Consideration Policy
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.
- Workshops
- Chat with a WriteWISE peer writing leader
- Access StudyWISE
- Upload an assignment to Studiosity
- Complete the Academic Integrity Module
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:
- IT Support
- Accessibility and disability support with study
- Mental health support
- Safety support to respond to bullying, harassment, sexual harassment and sexual assault
- Social support including information about finances, tenancy and legal issues
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 2022.04 of the Handbook