FIN5000 Financial Management
| Subject | Cat-nbr | Class | Term | Mode | Description | Units | Campus |
| FIN | 5000 | 84347 | 3, 2008 | EXT | Financial Management | 1.00 | Toowoomba |
|---|
| Academic group: | FOBUS |
| Academic org: | FOB008 |
| Student contribution band: | 3A |
| ASCED code: | 081101 |
Contents
- Staffing
- Other requisites
- Synopsis
- Objectives
- Topics
- Texts
- Reference materials
- Student workload
- Assessment details
- Important assessment information
- Assessment notes
- Production date
-
PDF version
STAFFING
Examiner: Brenton PriceModerator: Peter Phillips
OTHER REQUISITES
Recommended Co-requisite: ACC5202 or ACC5502 or ECO5000 or ACC8101 or FIN8102. Students are required to have access to a personal computer, e-mail capabilities and Internet access to USQConnect. Current details of computer requirements can be found at <http://www.usq.edu.au/business/aboutfob.htm>.SYNOPSIS
This course will introduce students to the concepts and tools of financial management. The focus of the course is decision making in a financial context. It therefore examines the techniques that are used in businesses to make decisions that are consistent with the efforts to increase the wealth of the owners of the business in a corporate environment. The topics covered include but not limited to the valuation of future cash flows, the valuation of stocks and bonds, capital budgeting, risk and return and long term financing. The course consists of core modules and program specific modules for each postgraduate program if applicable.
OBJECTIVES
The course objectives define the student learning outcomes for a course. The assessment item/s that may be used to assess student achievement of an objective is/are shown in parentheses after each objective. On successful completion of this course, students are expected, to the satisfaction of the course specification, to achieve and be able to demonstrate:
- 1.
- a sound understanding of financial management decisions (Assignment, Examination)
- 2.
- application of financial mathematics to the solution of business problems and the valuation of cash flows and securities (Assignment, Examination)
- 3.
- a sound understanding of capital budgeting problems and apply the appropriate techniques for solving them (Assignment, Examination)
- 4.
- a sound understanding of and ability to explain the relationship between risk and return and calculate measures of each of these (Assignment, Examination)
- 5.
- ability to calculate a firm's cost of capital (Assignment, Examination)
- 6.
- a sound understanding of the implications of capital structure decisions (Assignment, Examination)
- 7.
- a sound understanding of and ability to discuss the dividend policies adopted by Australian firms (Assignment, Examination)
- 8.
- a sound understanding of and ability to identify and describe the main sources of short and long-term financing skills to apply spreadsheet modelling to support the application of financial decision making processes (Assignment, Examination).
- 9.
- skills to apply spreadsheet modelling to support the application of financial decision making processes (Assignment, Examination).
TOPICS
| Description | Weighting (%) | |
|---|---|---|
| 1. | Introduction to financial decision making |
3.00 |
| 2. | Financial mathematics |
12.00 |
| 3. | Capital budgeting |
10.00 |
| 4. | Risk and return |
15.00 |
| 5. | Cost of capital |
10.00 |
| 6. | Capital structures and financing decisions |
15.00 |
| 7. | Equity analysis and dividend policies |
10.00 |
| 8. | Long-term finance |
10.00 |
| 9. | Short-term finance and cash management |
10.00 |
| 10. | Business finance |
5.00 |
TEXT and MATERIALS required to be PURCHASED or accessed
ALL textbooks and materials are available for purchase from USQ BOOKSHOP (unless otherwise stated). Orders may be placed via secure internet, free fax 1800642453, phone 07 46312742 (within Australia), or mail. Overseas students should fax +61 7 46311743, or phone +61 7 46312742. For costs, further details, and internet ordering, use the 'Textbook Search' facility at http://bookshop.usq.edu.au click 'Semester', then enter your 'Course Code' (no spaces).
Ross, SA, Trayler, RM & Bird, RG 2008, Essentials of corporate finance, McGraw-Hill, North Ryde, New South Wales.
(1st Australian and New Zealand edn)
REFERENCE MATERIALS
Reference materials are materials that, if accessed by students, may improve their knowledge and understanding of the material in the course and enrich their learning experience.
Ball, R, Brown, P, Finn, F & Officer, R 1989, Share markets and portfolio theory: readings and Australian evidence, 2nd edn, University of Queensland Press, St Lucia, Queensland.
Beal, DJ & Goyen, M 2005, Introducing corporate finance, John Wiley & Sons, Milton, Queensland.
Bishop, S, Faff, R, Oliver, B & Twite, G 2004, Corporate finance, 5th edn, Prentice Hall, Frenchs Forest, New South Wales.
Brealey, R, Myers, S & Allen, F 2008, Principles of corporate finance, 9th edn, McGraw-Hill/Irwin, Boston, Massachusetts.
Elton, E, Gruber, M, Brown, S & Goetzmann, W 2007, Modern portfolio theory and investment analysis, 7th edn, John Wiley & Sons, Hoboken, New Jersey.
Frino, A, Kelly, S, Comerton-Forde, C, Cusack, T & Wilson, K 2006, Introduction to corporate finance, 3rd edn, Pearson Education, Frenchs Forest, New South Wales.
Gitman, L 2009, Principles of managerial finance, 12th edn, Prentice Hall, Boston, Massachusetts.
Hovey, M 2005, Spreadsheet modelling for finance, 2nd edn, Pearson Education, Frenchs Forest, New South Wales.
Hovey, M 2004, Spreadsheet modelling for investment decisions, Pearson Education, Frenchs Forest, New South Wales.
Peacock, R, Martin, P, Burrow, MJ, Petty, JW, Keown, AJ, Scott, DF Jnr & Martin, JD 2003, Financial management, 3rd edn, Pearson Education, Frenchs Forest, New South Wales.
Peirson, G, Brown, R, Easton, S & Howard, P 2002, Peirson and Bird's business finance, 8th edn, The McGraw-Hill Companies, Sydney, New South Wales.
Ross, S, Thompson, S, Christensen, M, Westerfield, R & Jordan, B 2007, Fundamentals of corporate finance, 4th edn, McGraw-Hill, Macquarie Park, New South Wales.
(Australian edn)
Summers, J & Smith, B 2006, Communication skills handbook: how to succeed in written and oral communication, 2nd edn, John Wiley & Sons, Milton, Queensland.
Yip, HY 2005, Spreadsheet applications to securities valuation and investment theories, John Wiley & Sons, Milton, Queensland.
STUDENT WORKLOAD REQUIREMENTS
| ACTIVITY | HOURS |
| Assessments | 40.00 |
| Directed Study | 75.00 |
| Private Study | 50.00 |
ASSESSMENT DETAILS
| Description | Marks out of | Wtg(%) | Due date | Notes | |
|---|---|---|---|---|---|
| ASSIGNMENT (TAKE-HOME EXAM) | 45.00 | 45.00 | 02 Jan 2009 | (see note 1) | |
| EXAM A (MULTI-CHOICE) | 15.00 | 15.00 | END S3 | (see note 2) | |
| EXAM B (WRITTEN) | 40.00 | 40.00 | END S3 | ||
NOTES
- 1.
- The release date of assignment (take-home exam) and instructions which include the allowed completion time will be announced in due course.
- 2.
- The examination is scheduled to be held in the end-of-semester examination period. Students will be advised of the official examination date for exam (parts A and B) after the timetable has been finalised. The total working time for exam (parts A and B) is 2 hours.
IMPORTANT ASSESSMENT INFORMATION
- Attendance requirements:
If you are an international student in Australia, you are advised to attend all classes at your campus. For all other students, there are no attendance requirements for this course. However, it is the students' responsibility to study all material provided to them or required to be accessed by them to maximise their chance of meeting the objectives of the course and to be informed of course-related activities and administration. - Requirements for students to complete each assessment item satisfactorily:
To satisfactorily complete an individual assessment item a student must achieve at least 50% of the marks. (Depending upon the requirements in Statement 4 below, students may not have to satisfactorily complete each assessment item to receive a passing grade in this course.) - Penalties for late submission of required work:
If students submit assignments after the due date without prior approval of the examiner, then a penalty of 5% of the total marks gained by the student for the assignment may apply for each working day late up to ten working days at which time a mark of zero may be recorded. - Requirements for student to be awarded a passing grade in the course:
To be assured of receiving a passing grade a student must achieve at least 50% of the total weighted marks available for the course. - Method used to combine assessment results to attain final grade:
The final grades for students will be assigned on the basis of the aggregate of the weighted marks obtained for each of the summative assessment items in the course. - Examination information:
This is a restricted examination. The only materials that candidates may use during this examination are: writing materials (non-electronic and free from material which could give the student an unfair advantage in the examination); calculators which cannot hold textual information (students must indicate on their examination paper the make and model of any calculator(s) they use during the examination). - Examination period when Deferred/Supplementary examinations will be held:
Any Deferred or Supplementary examinations for this course will be held during the next examination period. - University Regulations:
Students should read USQ Regulations 5.1 Definitions, 5.6 Assessment, and 5.10 Student Academic Misconduct for further information and to avoid actions which might contravene university regulations. These regulations can be found at <http://www.usq.edu.au/corporateservices/calendar/part5.htm>. Students should also read the Faculty of Business Policies and Procedures which can be found at <http://www.usq.edu.au/business/aboutfob.htm>.
ASSESSMENT NOTES
| 1. | Assignments: (i) The due date for an assignment is the date by which a student must despatch the assignment to the USQ. The onus is on the student to provide proof of the despatch date, if requested by the examiner. (ii) The examiner may grant an extension of the due date of an assignment in extenuating circumstances. All applications of extension must be accompanied by supporting documents to substantiate the claims of students. In all circumstances, no assignments will be accepted two calendar weeks after the due date. (iii) If requested, students will be required to provide a copy of an assignment submitted for assessment purposes. This should be despatched to the USQ within 24 hours of receipt of a request being made. (iv) The examiner will not accept submission of assignments by facsimile. (v) In the event that a due date for an assignment falls on a local public holiday in their area, such as a show holiday, the due date for the assignment will be the next day. Students are to note on the assignment cover the date of the public holiday for the examiner's convenience. |
| 2. | Course weightings: Course weightings of topics should not be interpreted as applying to the number of marks allocated to questions testing those topics in an examination paper. The examination may test material already tested in assignments. |
This version produced 28 Aug 2009.