Students

ACCG2002 – Finance and Regulation for New Ventures

2025 – 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
Convenor & Lecturer
Jengfang Chen
jengfang.chen@mq.edu.au
Lecturer
Daisy Chen
hua.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.

General Assessment Information

Assignment - Law

Assessment Type 1: Essay Indicative Time on Task 2: 30 hours Due: Week 7

Weighting: 40%

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.

 

Quiz - Finance

Assessment Type 1: Quiz/Test Indicative Time on Task 2: 15 hours Due: Week 12

Weighting: 20%

The in-class 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 principles to analyse the strengths and weaknesses of a company’s business model using financial statements.

  • Evaluate how changes in the business model impact the company’s financial structure.

 

Assignment - Finance

Assessment Type 1: Plan

Indicative Time on Task 2: 40 hours Due: Week 13

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:

  • This assignment allows you to identify weaknesses in a company’s current business model and propose a financially viable alternative. Your proposed model should address the identified limitations and offer a competitive advantage in the current market. You are expected to apply key investment and financing concepts to support your proposed business decision and critically evaluate its financial viability.

 

Assessment Tasks

Name Weighting Hurdle Due
Professional practice: Corporate functions and company directors 40% No Week 7
Formal and observed learning: Test 20% No Week 12
Skills development: Writing a business plan 40% No Week 13

Professional practice: Corporate functions and company directors

Assessment Type 1: Reflective Writing
Indicative Time on Task 2: 30 hours
Due: Week 7
Weighting: 40%

 

The purpose of this assessment is for you to critically reflect on key principles of corporate functionality and management issues, including the role and obligations of directors and insolvency regulation.   You will investigate company directors' obligations in relation to a specific case study and communicate the results to a business audience.   Skills in focus: - Discipline knowledge - Analytical skills - Communication skills   Deliverable: Reflective essay [max. 1,000 words] Individual assessment

 
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.

Formal and observed learning: Test

Assessment Type 1: Quiz/Test
Indicative Time on Task 2: 15 hours
Due: Week 12
Weighting: 20%

 

The purpose of this assessment is for you to demonstrate your expertise in investment and finance concepts in application to business models.   You will participate in a formal test.   Skills in focus: - Discipline Knowledge   Deliverable: Test Individual assessment

 
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.

Skills development: Writing a business plan

Assessment Type 1: Professional writing
Indicative Time on Task 2: 30 hours
Due: Week 13
Weighting: 40%

 

The purpose of this assessment is for you to develop the skill of preparing a business plan for a new venture.   You will conduct research into the elements of a business plan and create a comprehensive plan that is suitable to be presented to a professional audience.   Skills in focus: - Work Readiness - Critical Thinking - Communication   Deliverable: Business plan [max 2,500 words, excluding tables and appendices] Individual assessment

 
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.

 

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, 5th ed. 2023, 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]

Unit Schedule

Week

Lecture Topic

Assessment Due

Part I: Law

1

Introduction

 

2

Essential elements of the legal system

 

3

Business organisations

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

 

4

Company constitution

Membership, members’ powers and dividends

 

5

Members’ remedies

Directors’ and officers’ duties A

 

6

Directors’ and officers’ duties B Financing a company via equity or debt

 

7

Receivership, administration and Liquidation

Assignment - Law

Part II: Finance

8

An introduction to corporate finance through the use of financial statements.

 

 

Mid-Session Break

 

9

Evolution of business models in the retailing industry

 

10

Evolution of business models in the fast fashion industry

 

11

Evolution of business models in the semiconductor industry

 

12

Comparative summary of business models

Quiz - Finance

13

Revision

Assignment- Finance

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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.

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Unit information based on version 2025.03 of the Handbook