Students

ACCG2002 – Finance and Regulation for New Ventures

2024 – Session 2, In person-scheduled-weekday, North Ryde

General Information

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Unit convenor and teaching staff Unit convenor and teaching staff Moderator
Carl Shen
carl.shen@mq.edu.au
Lecturer
Daisy Chen
hua.chen@mq.edu.au
Jengfang Chen
jengfang.chen@mq.edu.au
Credit points Credit points
10
Prerequisites Prerequisites
40cp at 1000 level or above including 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.

Assessment Tasks

Name Weighting Hurdle Due
Online Quiz – Law 20% No Week 11
Assignment - Law 20% No Week 13
Assignment - Finance 40% No Week 8
Online Quiz - Finance 20% No Week 5

Online Quiz – Law

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 11
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 13
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: Plan
Indicative Time on Task 2: 40 hours
Due: Week 8
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 5
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.e du.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.) – [referred to as CLP 4th ed]

CLP 4th ed will be available in the Macquarie University library. It can be purchased directly from the publishers Thomson Reuters via their website https://legal.thomsonreuters.com.au/student/u niversity/macquarie/

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 publishers via their website https://www.booktopia.com.au/fundamentals-of-corporate-financ e-stephen-a-ross-rowan-trayler-charles-koh/book/9781743768051.html

Unit Schedule

Week

Lecture Topic

Assessment Due

Part I: Finance

1

Introduction to corporate finance

 

2

The operating process of new business – capital raising, investment decision, operation, and cash flow distribution (I)

 

3

The operating process of new business – capital raising, investment decision, operation, and cash flow distribution (II)

 

4

Assessing competitors and planning strategies

 

5

Effective business model development

Online quiz - Finance

6

Valuation: Buying and selling a business

 

7

Business ideas & opportunity development: How to create a good business idea from a finance perspective?

 

Part II: Law

8

Essential elements of the legal system

Assignment - Finance

 

Mid-Session Break

 

9

Business organisations

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

 

10

Company constitution

Membership, members’ powers and dividends

 

11

Members’ remedies

Directors’ and officers’ duties A

Online quiz - Law

12

Directors’ and officers’ duties B

Financing a company via equity or debt

 

13

Receivership, administration and Liquidation

Assignment - Law

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 connect.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 the Service Connect Portal, 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 2024.03 of the Handbook