CO-COMM1140-Term 2-COMM1140 Financial Management - 2021 PDF

Preview

Summary

handout of the comm1140 course outline in detail...

Description

UNSW Business School Course Outline

COMM1140 Financial Management - 2021 Study Level Undergraduate

Term Term 2

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

UOC 6 Units of Credit

Location On Campus

School UNSW Business School

| Printed: 27/5/2021 | 1 of 18

1. Course Details Summary of Course This course teaches fundamental concepts and skills related to how organisations account for and financially report their business activities, and how you can comprehend, interpret and analyse the financial information that they report. It also introduces contemporary reporting practices (such as nonfinancial reporting) that provide further insight into an organisation’s financial, social, and environmental impact. By the end of the course, students will develop sufficient financial literacy to read financial reports, interpret and analyse a company’s financial position and performance, control cash and other business assets, identify links between financial reporting and capital markets, understand ethical threats in the preparation and verification of financial information, and recognise the importance of responsible financial management.

Teaching Times and Locations Please note that teaching times and locations are subject to change.Students are strongly advised to refer to the Class Timetable website for the most up-to-date teaching times and locations. View course timetable

Course Policies & Support The Business School expects that you are familiar with the contents of this course outline and the UNSW and Business School learning expectations, rules, policies and support services as listed below: Program Learning Outcomes Academic Integrity and Plagiarism Student Responsibilities and Conduct Special Consideration Protocol for Viewing Final Exam Scripts Student Learning Support Services Further information is provided in the Assessment and Policies and Support sections. Students may not circulate or post online any course materials such as handouts, exams, syllabi or similar resources from their courses without the written permission of their instructor.

Course Aims and Relationship to Other Courses COMM1140 prepares students for COMM1170 Organisational Resources and COMM1180 Value Creation and is a formal prerequisite.

Student Learning Outcomes The Course Learning Outcomes (CLOs) are what you should be able to demonstrate by the end of this

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 2 of 18

course, if you participate fully in learning activities and successfully complete the assessment items. CLOs also contribute to your achievement of the Program Learning Outcomes (PLOs), which are developed across the duration of a program for all coursework students in the Business School. More information on PLOs is available under Policies and Support . PLOs are, in turn, directly linked to UNSW graduate capabilities and the aspiration to develop “globally focussed graduates who are rigorous scholars, capable of leadership and professional practice in an international community”. The following table shows how the CLOs for this course relate to the overall PLOs and indicates where each CLO and PLO is assessed:

Course Learning Outcomes

Program Learning Outcomes

On successful completion of the course, you should be able to:

This course helps you to This learning outcome will be develop the following assessed in the following Program Learning items: Outcomes:

Read and comprehend basic financial reporting concepts and terminology Complete basic accounting transaction analysis and recording Apply techniques and frameworks to evaluate a businesses’ financial position and performance through interpretation and analysis of financial statements Control and manage business assets, including cash and working capital

PLO 1: Business knowledge

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

Assessments 1, 2 and 3 Final Exam

PLO 1: Business knowledge

Assessments 1, 2 and 3 Final Exam

PLO 2: Problem solving PLO 3: Business communication

PLO 1: Business knowledge

Assessments 1 and 3 Final Exam

Assessment 1 and 3 Final Exam

PLO 3: Business Explain connections between financial communication reporting, corporate performance and capital markets Read, comprehend and interpret the reporting of sustainability and other relevant ethical issues, in extended reporting frameworks

Course Assessment Item

PLO 5: Responsible business practice

Assessments 1 and 3 Final Exam Assessments 1 and 3 Final Exam

| Printed: 27/5/2021 | 3 of 18

2. Staff Contact Details Position Title

Name

Email

Location

Phone

Consultation Times

Course Dr Coordina tor

Conor Clune

Email

Room 3090, Quadrangle Building - Ref E15

Email only

See Staff Contact Arrangements Below

Lecturer

Dr

Greg Richins

Email

Room 3101, Quadrangle Building - Ref E15

Email only

See Staff Contact Arrangements Below

Lecturer

Dr

Ian P.L. Kwan

Email

Office 314, Level 3, UNSW Business School - Ref E12

Email only

See Staff Contact Arrangements Below

Staff Contact Arrangements COMM1140 arranges staff consultation times for students ahead of the week 5 quiz and final examination. Information on staff consultation will be posted to the Moodle site. At all other times, questions are managed via the course forums.

General Q&A Forum All questions or queries to do with course content MUST be posted on the general Q&A forum on Moodle. We strongly encourage you to use this discussion board to ask and answer questions. Students are strongly encouraged to assist each other. Learning from and teaching each other is a great way to consolidate your knowledge. A member of the teaching team will oversee your responses and ensure the information provided is accurate and appropriate.

Questions for Weekly Summation Video Each week, staff prepare a summation video to discuss weekly content. As part of this video, we encourage students to post questions to the weekly summation video forum on the Moodle site. Staff will reply to all questions posted in the video.

Private Consultation In special circumstances, students may make an appointment with staff to discuss course content. Please e-mail the staff member directly to see if an appointment is possible. Any email inquiry that can be answered by posting in the General Q&A forum or weekly summation video will not be discussed by private appointment. Please note that appropriate etiquette must be observed when communicating with staff. When sending an email to a staff member, you must use your UNSW student email. Communications that use shorthand and “text” language are not acceptable and will not be responded to. Please be aware that you will not receive a reply to inform you if your email is non-compliant.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 4 of 18

3. Learning and Teaching Activities Approach to Learning and Teaching in the Course The aim of COMM1140 is to unlock the language of business to allow students to communicate insights about financial and non-financial performance to a range of audiences and to empower students to make informed business-related decisions. This is achieved primarily through understanding, interpreting, and analysing financial statements and applying financial literacy knowledge and skills through the interpretation of a range of real-life scenarios.

Learning Activities and Teaching Strategies The teaching strategy used in COMM1140 is based on a progressive building of knowledge and skills until students are able to critically and independently apply the knowledge and skills in more integrated ways. An instructional scaffolding approach is adopted to firstly introduce students to the basics of financial statements, followed by the analysis of financial statements, culminating in the critical integration of the concepts and skills that form these building blocks. Students will spend a substantial amount of time building the foundational knowledge and skills. This foundation is carefully guided by the teacher by modelling a task, demonstrating a skill, providing advice and/or coaching, and describing key concepts. As a student progresses past the foundational level, more advanced concepts are introduced to build upon the basic concepts. Skills development transitions to a mastery approach, where autonomous strategies are introduced to promote more independent learning and the development of higher-order thinking skills. The course is delivered to both on-campus and online students. Each week, students will have two hours of lecture time - this is split into a 1.5-hour lecture early in the week and a pre-recorded 30-minute summation video at the end of the week. During the week there will be a 2-hour activity-led class (tutorial). Tutorials are run fully face-to-face or online. Please check your enrolment to ensure you have enrolled in the correct delivery method. A recording of lectures will be made available to students each week. These can be accessed via the Moodle site.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 5 of 18

4. Assessment Formal Requirements In order to pass this course, you must: achieve a composite mark of at least 50 out of 100; meet any additional requirements described in the Assessment Summary section. You are expected to attempt all assessment requirements in the course.

Assessment Structure Assessment Task Assessment 1 (Individual): Term-Long Contribution to Tutorials Assessment 2 (Individual): Online Quiz

Assessment 3 (Group): Group assessment and presentation to be released in week 7.

Final Exam

Weighting 10

20

20

50

Length

Due Date

N/A

Weeks 2 - 10

TBC

Week 5 (Online Quiz 6-7 pm Friday, 1 July)

Written submission Week 10 and a 15 minute presentation and Q&A in your week 10 tutorial TBC

UNSW Exam Period

Assessment Summary As a student at UNSW you are expected to display academic integrity in your work and interactions. Where a student breaches the UNSW Student Code with respect to academic integrity, the University may take disciplinary action under the Student Misconduct Procedure. To assure academic integrity, you may be required to demonstrate reasoning, research and the process of constructing work submitted for assessment. To assist you in understanding what academic integrity means, and how to ensure that you do comply with the UNSW Student Code, it is strongly recommended that you complete the Working with Academic Integrity module before submitting your first assessment task. It is a free, online self-paced Moodle module that should take about one hour to complete.

Tutorial Participation (10%) You will be assessed based on the extent and quality of your contributions to all tutorials throughout the term. This assessment component is designed to encourage students to participate in discussion in class and to motivate students to do the background reading and preparation for each tutorial. Your tutorial participation grade is based on the following: -  The completion of weekly tutorial questions and other activities as set out in the course schedule. These activities must be completed before the commencement of your tutorial. A list business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 6 of 18

of these activities will be available from Moodle in O-Week; -  Constructive participation during tutorials that enhances all students learning experience; -  Active engagement in all activities completed during the tutorial. The tutorials are an integral part of students' learning experience in COMM1140. Tutorial participation is designed to reward those students who prepare and participate in tutorials each week. The grading criteria applied to this assessment component is as follows: Examples of Criteria

Possible Grade

Attended less than 7 or less tutorials during the term (without valid medical cert or approved exemption) and/or; Completed homework on less than 5 occasions and/or; Attended 8 or more tutorials while completing homework but contributions were limited (4-5 Marks)

0-5 marks

Attended 8 or more tutorials, completed all homework, but rarely engaged in class discussion and/or only responded when called upon by tutors.

5.5-7 marks

Attended 8 or more tutorials, completed all homework, and consistently engaged in tutorials. These students proactively responded to tutor questions on a regular basis and raised important discussion points in some tutorials.

7.5-8.5 marks

9-10 marks Attended 8 or more tutorials, completed all homework, and consistently engaged in tutorials. These students regularly raised important discussion points relevant to the tutorial and the week's learning objectives (rather than responding to discussion points instigated by the tutor for the previous criteria). To achieve this grade, the student must show themselves to be exemplary in applying and discussing the week's learning objectives across most or all tutorials. Students who miss more than one tutorial must provide a doctors certificate (or valid evidence of other personal circumstance) to avoid potential marking penalisation. This documentation should be forwarded to your tutor during the week your tutorial takes place. Students must attend the tutorial to which they are registered each week to be considered eligible for tutorial participation marks.

Online Quiz (20%) The online quiz is designed to test your knowledge and understanding of the concepts covered in lecture 1 to 4. The quiz will consist of a mix of multiple-choice and calculative questions. It will take place in week 5 and further details about the quiz content and format will be provided at the start of the term.

Group Assessment (20%) You will be required to submit a group assessment that examines your ability to apply the key concepts discussed in the course to a real-world scenario. The assessment will be released by Monday of week 7. You will be divided into groups, in your tutorial, of up to five students to complete the assessment. A business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 7 of 18

written submission, along with a verbal presentation in your week 10 tutorial, will be required.

Final Examination (50%) Students are required to sit for a final examination in this course. The final exam will test your technical competence and accuracy in problem-solving, your understanding of the concepts discussed in all weeks, and your ability to critically analyse and articulate your understanding of financial management issues. This course may involve undertaking online examinations for which monitoring of the student's own computer equipment or digital devices will be required. Monitoring of online examinations will be conducted directly by the University or by third party providers on behalf of the University, such providers being bound by the University's privacy and security requirements. Any data collected will be handled in accordance with UNSW Data Handling Guidelines https:// www.datagovernance.unsw.edu.au/policies-and-standards . For more information on how the University manages personal information please refer to the UNSW Student Privacy Statement https:// student.unsw.edu.au/privacy and the UNSW Privacy Policy https://www.gs.unsw.edu.au/policy/ privacypolicy.html

Assessment Feedback Feedback on student performance from formative and summative assessment tasks will be provided to students in a timely manner. Assessment tasks completed within the teaching period of a course, other than a final assessment, will be assessed and students provided with feedback, with or without a provisional result, within 10 working days of submission, under normal circumstances. Feedback on continuous assessment tasks (e.g. laboratory and studio-based, workplace-based, weekly quizzes) will be provided prior to the midpoint of the course.

Special Consideration You can apply for special consideration when illness or other circumstances beyond your control interfere with your assessment performance (to apply see Special Consideration on the UNSW Current Students page). Special Consideration is primarily intended to provide you with an extra opportunity to demonstrate the level of performance of which you are capable. Special Consideration applications will be assessed centrally by the Case Review Team within Student Lifecycle. The Case Review team will update the online application with the outcome and add any relevant comments. Please note the following: Applications can only be made through Online Services in myUNSW. Applications will not be accepted by teaching staff. The lecturer-in-charge/course coordinator will be automatically notified when you lodge an online application for special consideration. Applying for special consideration does not automatically mean that you will be granted a supplementary exam or other concession. If you experience illness or misadventure in the lead up to an exam or assessment, you must submit an application for special consideration, either prior to the examination taking place, or prior to the assessment submission deadline , except where illness or misadventure prevent you from doing so. If you sit the exam/submit an assignment, you are declaring yourself well enough to do so and are unable to subsequently apply for special consideration.

business.unsw.edu.au - CRICOS Code 00098G View course outline in browser

| Printed: 27/5/2021 | 8 of 18

If you become unwell on the day of the exam, you must provide evidence dated within 24 hours of the exam, with your application. The current provisions will continue for exceptional circumstances, for example, if a student falls sick during an exam. Other exceptions will continue to be examined on a case by case basis by the Student Lifecycle team. Special consideration requests do not allow the awarding of additional marks to students. Further information on Business School policy and procedure can be found under “Special Consideration” on the Policies and Support page.

Protocol for Viewing Final Exam Scripts UNSW students have the right to view their final exam scripts, subject to a small number of very specific exemptions. The UNSW Business School has set a protocol under which students may view their final exam script. Individual schools within the Faculty may also set up a local process for viewing final exam scripts, so it is important that you check with your School. Further school-specific information may be included below.

Quality Assurance The Business School is actively monitoring student learning and quality of the student experience in all its programs. A random selection of completed assessment tasks may be used for quality assurance, such as to determine the extent to which program learning goals are being achieved. The information is required for accreditation purposes, and aggregated findings will be used to inform changes aimed at improving the quality of Business Scho...