BX2014 SP1 JCU 2020 - Amended Subject Outline PDF

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Download BX2014 SP1 JCU 2020 - Amended Subject Outline PDF

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AMENDED Subject Outline College of Business, Law and Governance Subject Name

Principles of Finance

Subject Code

BX2014

Study Period

SP1

Study Mode

INT/EXT

Campus

Cairns/Townsville

Subject Coordinator

Ye Ye (April)

Subject Lecturer

James How (CNS/EXT) Jason Eales (TSV)

Note, for your convenience all amended dates and assessment items are in red font

We acknowledge the Traditional Owners of the lands and waters where our University is located and actively seek to contribute and support the JCU Reconciliation Statement, which exemplifies respect for Australian Aboriginal and Torres Strait cultures, heritage, knowledge and the valuing of justice and equity for all Australians.

© Copyright 2020 This publication is copyright. Apart from any fair dealing for the purpose of private study, research, criticism, or review as permitted under the Copyright Act, no part may be reproduced by any process or placed in computer memory without written permission.

Contents 1

Important Information ............................................................................................................................. 3 1.1

Pre-requisites ...........................................................................................................................................3

1.2

Staff contact details .................................................................................................................................3

1.3

Key dates ..................................................................................................................................................3

1.4

Student Support .......................................................................................................................................3

2

Subject calendar (SP1, 2020) ................................................................................................................. 4

3

Subject details .............................................................................................................................................. 6 3.1

4

5

Subject description...................................................................................................................................6

3.2

Subject learning outcomes.......................................................................................................................6

3.3

Subject resources and special requirements ...........................................................................................6

3.4

Learning and teaching in this subject.......................................................................................................7

3.5

Student participation requirements ........................................................................................................8

3.6

Feedback on student learning..................................................................................................................9

3.7

Student feedback on subject and teaching..............................................................................................9

Assessment details .................................................................................................................................. 10 4.1

Requirements for successful completion of subject ..............................................................................10

4.2

Late penalty............................................................................................................................................11

4.3

Online Invigilation - Respondus .............................................................................................................11

4.4

Assessment tasks ...................................................................................................................................12

Rubrics ........................................................................................................................................................ 16 5.1

Assessment Task 3 Rubric ......................................................................................................................16

CBLG: Brisbane | Cairns | External | Singapore | Townsville

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1 Important Information 1.1 Pre-requisites (BU1002 OR CO1101 OR CO1002 OR CO1001 OR BU1902) AND (BU1007 OR BU1807 OR BU1010 OR MA1401)

1.2 Staff contact details Teaching team Subject Coordinator Lecturer

Staff member

Room

Phone

Email

Ye Ye (April)

TBA

TBA

[email protected]

James How - CNS

A1-227

07 4232 1474

[email protected]

Jason Eales - TSV

11-134

07 4781 6626

[email protected]

Consultation times* Please email for appointment Please email for appointment

1.3 Key dates Key dates

Date

Census date

See 2020 Study Period and Census Dates (JCUA)

Last date to withdraw without academic penalty Assessment task 1: On-line Quiz (algebraic equations)

[10%]

Assessment task 2: Mid-Semester Test

[20%]

SP1: Due: 5:00PM Sunday 8th March 2020 - opens 9.00AM 1/03/20 and closes 5:00PM 08/03/20 (AEST)

Week Beginning 6 April 2020 Week Beginning 13 April 2020

Assessment task 3: Case Study

[25%]

17 May 2020 - 5.00pm

Assessment task 4: Final Exam

[45%]

Date to be advised on Examination Timetable

1.4 Student Support Please see links below to all student resources and support services to optimise your academic and personal success. Current Students (JCUA) Please see the Learn Student Guide web page for general advice on plagiarism, referencing and examinations. Here, you can also access individual and group assessment task cover sheets. Note that cover sheets are only required for hard copy submissions.

CBLG: Brisbane | Cairns | External | Singapore | Townsville

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2 Subject calendar (SP1, 2020) Please note, the sequence of some topics may change due to staff availability, resourcing, or due to unforeseen circumstances. Week/Module and date (Mondays – Week beginning)

1

24/02/20

Topic

Workshop In-class Examples

Introduction (Chapter 1) Short-term financial management

Selected questions from textbook

(Chapter 16 & 17) The time value of money 02/03/20 2

(Chapter 4)

Online Session – Wednesday 03/03/20 @ 7:00PM

Mid Semester Test No tutorial in Week One

Selected questions from textbook

Ch 1 CTCR 1.1, 1.5, 1.6

Mid Semester Test

Ch 16 CTCR 16.2, 16.3 Q&P 6, 7, 17

On-line Quiz to be Completed by 5pm Sunday 8th March

3

09/03/20

Discounted cash flow valuation Selected questions from (Chapter 5) textbook

4

16/03/20

Interest rates, bill and bond valuation (Chapter 6)

5

University Pause Week

6

30/03/20

(Chapter 7)

Selected questions from textbook

Ch 17 CTCR 17.1, 17.5, 17.7 Ch 4 CTCR 4.1, 4.7,

Ch 5 CTCR 5.4, 5.5, 5.9,

7

06/04/20

Risk and return (Chapter 11)

CBLG: Brisbane | Cairns | External | Singapore | Townsville

Selected questions from textbook

Mid Semester Test

Q&P 12, 13, 21, 37, 39

Ch 6 CTCR 6.4, 6.6, 6.8

Selected questions from textbook

Mid Semester Test

Q&P 6, 7, 19, 24, 26, 27

Mid Semester Test

Q&P 1, 8, 9, 15, 23 Ch 7 CTCR 7.1, 7.2

Capital markets (Chapter 10)

Relationship to assessment

Preparation for on-line Quiz (LearnJCU – Assessment 1 Mathematics skills)

Preparation for on-line Quiz (LearnJCU – Assessment 1 Mathematics skills)

Equity markets and share valuation

Independent Learning

Case Study and Final Exam

Q&P 12, 16, 18, 21, 23

Page 4 of 17

Week/Module and date (Mondays – Week beginning)

8

13/04/20

Topic

Workshop In-class Examples

Independent Learning

Mid Semester Test

N/A

N/A

LR

Mid Semester Test

LECTURE RECESS Ch 10 CTCR 10.3, 10.7,

9

Relationship to assessment

27/04/20

Long term Financing (Chapter 12)

Selected questions from textbook

Case Study and Final Exam

Q&P 4, 5, 8 Ch 11 CTCR 11.6, 11.8, Q & P 11, 13, 19,

Selected questions from textbook

Ch 12 CTCR 12.1, 12.3, 12.8, 12.9, Q&P 9, 14, 17, 18

Case Study and Final Exam

Capital Budgeting (Chapter 8)

Selected questions from textbook

Ch 13 CTCR 13.1, 13.2, 13.8 Q&P 9, 10, 16

Final Exam

Capital Budgeting (Chapter 9)

Selected questions from textbook

10

04/05/20

Long term Financing (Chapter 13)

11

11/05/20

12

18/05/20

13

25/05/20

SV

STUDY WEEK – Monday 01/06/20 to Friday 05/06/20

EP

EXAM PERIOD – Saturday 06/06/20 to Friday 19/06/20

Risk management (including Hedging)

CBLG: Brisbane | Cairns | External | Singapore | Townsville

Selected questions from textbook

Ch 8 CTCR 8.2, 8.5, 8.12 Q&P 1, 10, 15, 28

Ch 9 CTCR 9.2, 9.4, 9.5, 9.8 Q&P 2, 4, 9, 10, 24

Final Exam Case Study due 5pm 17/05/20 Final Exam

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3 Subject details 3.1 Subject description This subject introduces finance and corporate financial decision making. It critically analyses the core professional obligations and values for enterprises operating in a sustainable society. Students compare and contrast a wealth maximisation objective and societal values to be able to provide financial solutions that maximise long run wealth maximisation. Topics include the time value of money, risk and return, cost of capital, capital structure, capital budgeting and short term financial management.

3.2 Subject learning outcomes Students who successfully complete this subject will be able to: SLO1: Compare, contrast and reconcile where possible the financial objectives of the firm. SLO2: Critically analyse and apply finance theory and concepts to business decision making for sustainable outcomes SLO3: Select and interpret quantitative and qualitative data, using appropriate methodologies and applications and convey findings and recommendations for corporate planning and decision making. SLO4: Work collaboratively and creatively to apply critical thinking and problem-solving strategies corporate financial decision making. These outcomes will contribute to your overall achievement of course learning outcomes. Your course learning outcomes can be located in the entry for your course in the electronic JCU Course and Subject Handbook 2020 (click on ‘Course Information’ bar/ select ‘Undergraduate Courses’ or ‘Postgraduate Courses’/ select relevant course/ scroll down to ‘Academic Requirements for Course Completion’, ‘Course learning outcomes’).

3.3 Subject resources and special requirements Ross, S. Trayler, R., Koh, C., Hambusch, G., Westerfield, R. W. & Jordan, B. D. (2019) Essentials of Corporate Finance (5th Edition). McGraw Hill. ISBN: 9781760423605 Purchase options available:  Textbooks are available to purchase online through The Co-op Bookshop.  E-Text: Textbooks can be purchased at discounted prices from McGraw-Hill Publishing at https://www.mheducation.com.au/ebook-essentials-of-corporate-finance-5e9781760423612-aus

Further Reading David, S. Kidwell, Mark Brimble, Paul Mazzola, Nigel Morkel-Kingsbury, and Jenny James (2018) Finance Essentials, John Wiley and Sons, Australia. All subject readings and resources, including journal articles, book chapters, websites, videos, print and eTextbooks, are available to view online from your Readings list via your LearnJCU subject site. Textbooks listed in your Readings list include links to Co-op Bookshop purchasing details and library holdings. The JCU Library has limited print copies of prescribed textbooks for two-day loans, and options for viewing available eTextbooks online.

CBLG: Brisbane | Cairns | External | Singapore | Townsville

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Additionally, you can find the most appropriate library subject resources, including dedicated discipline libguides, relevant databases and access to library services and staff through the Your Library tool, in your LearnJCU subject site.

3.4 Learning and teaching in this subject As a first course in finance, this subject emphasises the basic principles of finance and their application in a dynamic world. Whether you work in the field or not, the principles of finance are a valuable tool in the development of your career. Your active participation is crucial to achieving the learning objectives. Assessment items align with the skills crucial to the practice of finance and focus on the four key decision areas in finance – investment decisions, financing decisions, dividend decisions, and risk management decisions. The experience of many students is that a weekly commitment to study is the best way to attain the maximum benefit learning outcomes. One possible way to maintain your study effort is:  Read the text chapter(s) – work the examples in the text as you read. These will also be covered in the Lectures at times, so note down any questions or further understanding you may have for your lecturer.  Listen to the lecture (face to face or recorded). Do not skip lectures because you may be able to view the recordings. The first four weeks of the subject are foundations for the later material and a failure to gain an understanding of this material will prevent your ability to master the rest of the subject.  Engage in the additional materials provided to assist in understanding the foundation concepts of the subject  Undertake the Learning modules for Assessment 1 and complete the LearnJCU quiz (3 attempts). This will remain open for the remainder of the semester to enable you to review and practice if you require.  Prepare solutions to the set questions / participate in the weekly learning activities  Attend the tutorial / join the online tutorial  Review the tutorial / solutions & attempt previous exam questions on the topic without reference to your notes  Reflect on your application of what you have learned to the assignment issues Lectures Lectures provide the theory of financial decisions needed to solve financial problems. They also highlight the options available in applying the theory to practical situations. Tutorials/Workshops The tutorials and workshops have two important roles. First, they reinforce the theories presented in the lectures by providing practical applications to typical financial problems. Second, they provide building blocks, alternatives, and directions for the group project. You cannot expect to cram for this subject, learning is layered and builds on the prior weeks, so a failure to attend class can be a set back to you achieving the learning outcomes. A self-declaration measure has been put in place to relieve pressure on our medical and counselling services both in the wider community and on-campus during this time. The Notification of Extenuating Circumstances (medical and/or counselling) form is used to advise the University of exceptional circumstances as soon as their impact on your academic performance is suspected. Submission of this form can mitigate the requirement for medical or counselling certificates if you need to apply for assessment extensions, missed compulsory classes, special consideration, and/or deferred exams at any time. The current pandemic crisis places an extraordinary demand on medical and counselling services that students would normally use to substantiate exceptional circumstances that negatively impact their academic experience.

CBLG: Brisbane | Cairns | External | Singapore | Townsville

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Keep a copy of this completed form and attach it as evidence to applications for: · · · · ·

Missed compulsory classes Assessment extensions Special Consideration Deferred Exams Withdrawal without Financial and/or Academic Penalty

You can access the form here: https://apps.jcu.edu.au/extenuating-circumstances/#/

3.5 Student participation requirements Regular engagement with content, subject staff and fellow students is required for all subjects regardless of mode of delivery, i.e. INT, EXT, LTD or BLO. The JCU Learning, Teaching and Assessment Policy (4.3) indicates that, “a 3 credit point subject will require a 130 hour work load of study-related participation including class attendance over the duration of the study period, irrespective of mode of delivery”. This work load comprises timetabled hours and other attendance requirements, as well as personal study hours, including completion of online learning activities and assessment requirements. Note that “attendance at specified classes will be a mandatory requirement for satisfactory completion of some subjects” (Learning, Teaching and Assessment Policy, 5.10); and that additional hours may be required per week for those students in need of English language, numeracy or other learning support. Note that “attendance at specified online sessions will be a mandatory requirement for satisfactory completion of some subjects” (Learning, Teaching and Assessment Policy, 5.10); and that additional hours may be required per week for those students in need of English language, numeracy or other learning support. Changes to scheduled Face-2-Face classes due to COVID19 and the move to an online environment: From Monday 30 March, this subject will be moving to an online environment for internal students. This provides us with a unique opportunity to play with the delivery of content in this subject. Instead of a traditional lecture, you will be provided with pre-recorded lecture content. It is expected that you will watch this content prior to scheduled lecture class. This content has been chunked into smaller video and audio podcasts to allow you to watch / listen to it at a time convenient to meet your learning needs. The lecture time will be used as a workshop where we will work through activities designed to engage you in the subject content and practicing the skills we are developing. The workshop class will be held online using collaborate during the lecture time scheduled in the timetable. To access the online collaborate room for the workshop, click on the ‘Subject Room’ in the left-hand menu on LearnJCU. A room will be created for each workshop class for the remainder of the semester. The collaborate room for the workshop will open to student access 15 minutes prior to the ...