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.

Required Text Financial Statements Demystified by B. Kramer and C. Johnson 2009 McGraw-Hill Education. This textbook is available to buy from the publisher, McGraw-Hill Education, as either a print book or an e-book. Please note that the publisher’s prices may be quoted in US dollars and the book may ship from overseas. If you intend to use the print book, please allow sufficient time for delivery. The print book is also available from Booktopia, Dymocks and other sellers. The following links can be used to purchase the textbook:

https://www.booktopia.com.au

https://www.dymocks.com.au/book/financial-statements-demystified-a-self-teaching-guide-by-bo nita-kramer-and-christie-johnson-9780071543880

Additional Readings Additional readings are included in iLearn. Students should assume these readings are examinable unless otherwise advised.

Assumed Knowledge This unit requires students to perform arithmetic (add, subtract, multiply, divide), to work with exponents (raise to the power of), and to perform algebraic manipulation of simple equations. For example, given the arithmetical answer to a calculation, it is expected that you can solve for one of the inputs. If 534 = 221 + X – 440, what is X?

Additionally, this unit requires students to solve mathematical problems using spreadsheet software by coding formulas into cells in the spreadsheet.

Students should be familiar with financial mathematics such as simple interest and the time value of money.

◦ If $200 is borrowed for 12 months at an interest rate of 6% pa to be paid monthly in arrears, how much interest is paid each month?

◦ What is the effective annual interest rate?

Unit Web Page The web page for this unit can be found at: https://ilearn.mq.edu.au/login/

Technology Used and Required Here you will find forums, downloadable resources and links to important pages. The forum allows you to communicate with other students and lecturer(s) and may provide supplementary material. You are requested to post your questions on the forums at least 24 hours prior to the assignment submission date or the examination date. Questions posted after that time may not be answered. Please try to not leave your questions to the last few days.

Important Notice: It is important that you familiarise yourself with the unit’s iLearn site. All students should check iLearn regularly and look for updates and distribution of materials related to the unit or assessments and participate in forum discussions.

Assumed access to technology: Access to a computer with word processing and spreadsheet capability is assumed, as is general student computer literacy. A recent version of Excel is the preferred choice of spreadsheet.

Delivery Format and Other Details The timetable for classes can be found on the University website at:  http://www.timetables.mq.edu.au/

The following schedule is a guide to the timing of each topic.