Students

AFIN2053 – Financial Management

2023 – Session 1, Online-scheduled-In person assessment, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Unit Convenor and Lecturer
Jing Shi
jing.shi@mq.edu.au
Guest Lecturer
Damian Bridge
damian.bridge@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
50cp at 1000 level or above including ((ACCG100 or ACCG1000 or ACCG106) and (STAT150 or STAT1250 or STAT170 or STAT1170 or STAT171 or STAT1371) and (ACST101 or ACST1001) and (ECON111 or ECON1020))
Corequisites Corequisites
Co-badged status Co-badged status
Unit description Unit description

This introductory unit in corporate finance focuses on the financing and investing decisions made by the finance manager of an organisation. While the emphasis is on the theory of the firm, students are also given exposure to current issues affecting corporate finance. Satisfactory completion of the unit equips students with a grasp of the following principals of financial economics: the relation between risk and expected return and the time value of money. The unit also provides an introductory coverage of derivative securities and no arbitrage valuation in the international finance.

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: Discuss fundamental aspects of the theory of the firm and outline current issues affecting corporate finance.
  • ULO2: Explain financing and investing decisions made by finance managers.
  • ULO3: Demonstrate understanding of the relation between risk and expected return, the time value of money, and valuation of securities via discounted cash flows.
  • ULO4: Apply fundamental analytical techniques in finance to simple real-life problems.

General Assessment Information

Late Assessment Submission Penalty (written assessments)

Unless a Special Consideration request has been submitted and approved, a 5% penalty (of the total possible mark) will be applied each day a written assessment is not submitted, up until the 7th day (including weekends). After the 7th day, a grade of ‘0’ will be awarded even if the assessment is submitted. Submission time for all written assessments is set at 11.55pm. A 1-hour grace period is provided to students who experience a technical concern.

For any late submissions of time-sensitive tasks, such as scheduled tests/exams, performance assessments/presentations, and/or scheduled practical assessments/labs, students need to submit an application for Special Consideration. 

 

Special consideration

For the Mid-semester test, where special consideration is applied for and approved, students will be given a verbal examination by two members of staff.

Assessment Tasks

Name Weighting Hurdle Due
Quizzes 20% No See Course Outline for details - various
Mid Session Test 20% No Week starting 24 April 2023 (Week 8)
Final Examination 60% No University Examination Period

Quizzes

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 9 hours
Due: See Course Outline for details - various
Weighting: 20%

 

There will be up to 10 quizzes held during the session.

 

 
On successful completion you will be able to:
  • Discuss fundamental aspects of the theory of the firm and outline current issues affecting corporate finance.
  • Explain financing and investing decisions made by finance managers.
  • Demonstrate understanding of the relation between risk and expected return, the time value of money, and valuation of securities via discounted cash flows.
  • Apply fundamental analytical techniques in finance to simple real-life problems.

Mid Session Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 12 hours
Due: Week starting 24 April 2023 (Week 8)
Weighting: 20%

 

A one hour mid session test will be held during the session.

 

 


On successful completion you will be able to:
  • Discuss fundamental aspects of the theory of the firm and outline current issues affecting corporate finance.
  • Explain financing and investing decisions made by finance managers.
  • Demonstrate understanding of the relation between risk and expected return, the time value of money, and valuation of securities via discounted cash flows.

Final Examination

Assessment Type 1: Examination
Indicative Time on Task 2: 16 hours
Due: University Examination Period
Weighting: 60%

 

A two hour exam will be held during the University Examination Period.

 
On successful completion you will be able to:
  • Discuss fundamental aspects of the theory of the firm and outline current issues affecting corporate finance.
  • Explain financing and investing decisions made by finance managers.
  • Demonstrate understanding of the relation between risk and expected return, the time value of money, and valuation of securities via discounted cash flows.
  • Apply fundamental analytical techniques in finance to simple real-life problems.

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

See iLearn for details

Unit Schedule

Topic

Lecture Date

Theme / Topic / Module

Activity

 

Required Readings

 

1

23 Feb

Course Overview and Introduction to Corporate Finance

Lecture

Ch. 1

2

2 Mar

Dividend Policy

Lecture

Tutorial: Topic 1

Ch.16, 17

3

9 Mar

Capital Structure Decision

Lecture

Tutorial: Topic 2

Ch. 16

4

16 Mar

Capital Budgeting 1: Principles and Methods

Lecture

Tutorial: Topic 3

Quiz 1: Topic 2

Ch. 9, 10

5

23 Mar

Capital Budgeting 2: Making Investment Decisions

Lecture

Tutorial: Topic 4

Quiz 2: Topic 3

Ch. 9, 10, 11

and additional readings

6

30 Mar

International Financial Management

Lecture

Tutorial: Topic 5

Quiz 3: Topic 4

Ch. 21

7

6 Apr

Derivatives and Risk Management

Lecture

Tutorial: Topic 6

Ch. 23, 24, 25

Break

8

27 Apr

Mid-Semester Exam (subject to confirmation)

Mid-semester Exam,

(No lecture and tutorial)

-

9

4 May

Corporate Acquisition

Lecture

Tutorial: Topic 7

Ch. 26

10

11 May

Cost of Capital

Lecture

Tutorial: Topic 9

Quiz 4: Topic 7

Ch. 14 and additional readings

11

18 May

Working Capital Management

Guest Lecture

Tutorial: Topic 10

Quiz 5: Topic 9

Ch. 18

12

25 May

Trade Finance

Guest Lecture

Tutorial: Review of Mid-Semester Exam

Quiz 6: Topic 10

-

13

1 Jun

Review

Lecture

Tutorial: Practical Exam

-

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

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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 2023.03 of the Handbook