Hello, if you have any need, please feel free to consult us, this is my wechat: wx91due
ACFI1003: Introduction to Finance
MISSION: To develop a unique business school identity which is distinctive in the marketplace and provides a clear value proposition for students. This will be achieved by embedding the themes of entrepreneurship and innovation, digitalisation and data within our programs and embracing sustainability, work integrated learning and a commitment to social justice.
OVERVIEW
Course Description
Financial institutions, assets and markets are the cornerstones of the modern financial system. This course provides students with an introduction to the Australian financial markets and an evaluation of the institutions, assets and participants involved in the industry. It develops knowledge of relevant finance theory and financial techniques to explain the functioning of the financial system and evaluate investment, financing and payout decisions. Upon completing this course, students will have the analytical and problem-solving skills necessary to critically evaluate introductory financial problems reflective of contemporary professional practice in financial management.
Contact Hours
Integrated Learning Session
Face to Face on Campus A three (3) hour Integrated Learning Session per week for Full Term
Students are expected to complete 4 hours of guided learning via online preparation, lectures, interactive workshops, tutorials, discussion groups or self-directed learning and an additional 6 hours of independent study per week.
|
Contact Hour Requirement |
||
|
There is a compulsory attendance requirement in this course. |
3-hour ILS per week commencing week 1 |
All students must participate in 80% of all Integrated Learning Sessions in this course. |
Students can check-in using the app or advise the academic staff member at the commencement of the session if they need the staff member to check-in on their behalf. All students’ attendance will be recorded using the myUON app. Please note: The 80% attendance requirement applies to ALL students enrolled in 1000 level courses.
Unit Weighting
10
Requisites
This course replaces ACFI2005. If you have successfully completed ACFI2005, you cannot enrol in this course.
Assumed Knowledge
HSC Mathematics or equivalent
Workload
Students are required to spend on average 120-140 hours of effort (contact and non-contact) including assessments per 10 unit course.
Please refer to the course CANVAS site for details of teaching staff for ALL course offerings. The primary contact for courses is the Course Coordinator, whose details are listed on the course CANVAS site.
Student Consultation
A minimum of one (1) hour of consultation per week. Please see course CANVAS site for details of time and location.
Course Learnin Outcomes
On successful completion of this course, students will be able to:
1. Describe and communicate the components of the Australian financial system;
2. Identify and explain the basic instruments of corporate funding and the corporate decision to pay dividends;
3. Apply basic financial mathematics to financial problem solving;
4. Analyse financial instruments and apply valuation techniques to financial instruments; and
5. Analyse the participants, operations and characteristics of the equity and bond markets.
ASSESSMENT DETAILS
This course has 3 assessments. Each assessment is described in more detail in the sections below:
|
|
Assessment Name |
Due Date |
Involvement |
Weighting |
Learning Outcomes |
| 1 |
Online Quizzes |
Weeks 3, 5, 7, 10, 13 |
Individual |
20% |
1, 2, 3, 4, 5 |
| 2 |
Mid Semester Test |
Week 8 |
Individual |
30% |
1, 2, 3, 5 |
| 3 |
Final Examination |
During formal exam period |
Individual |
50% |
1, 2, 3, 4, 5 |
|
Please note: students are advised that all assessments must be submitted in English. Assessment items not submitted in English will receive a mark of zero. |
|||||
|
Results of individual assessment items and final results, including those provided via the Learning Management System (LMS) are ‘unofficial results’ until they are confirmed as finalised by the School Assessment Body and the Head of School or delegate. Finalised results are released directly to students on the Fully Graded Date of the relevant Semester/Trimester. |
|||||
Time referenced is time in Newcastle NSW
|
Late Submissions |
The mark for an assessment item submitted after the designated time on the due date,without an approved extension of time, will be reduced by 10% of the possible maximum mark for that assessment item for each day or part day that the assessment item is late.
Note: this applies equally to week and weekend days.
|
Assessment 1 – Online Quizzes
Assessment Type
Quiz
Purpose
To progressively assess and evaluate knowledge of financial concepts as they are covered through the course.
Description
Students must complete online quizzes via CANVAS. Each quiz consists of ten multiple choice questions. Five (5) quizzes will be administered during the semester with the four (4) highest quiz results contributing 5% each towards the assessment.
Weighting
20%
Length
25 minutes per quiz
Due Date
Weeks 3, 5, 7, 10, 13 Sunday by 5:00 pm
Submission Method
Online via course CANVAS site
Assessment Criteria
The quizzes will test your understanding of relevant concepts and/or accuracy of calculations
Return Method
Online
Feedback Provided
Online - Quiz feedback will be made available after the due date of each quiz to provide for reflection and improvement. Refer to course CANVAS site.
Assessment 2 - Mid Semester Test
Assessment Type
In Term Test
Purpose
This test requires you to demonstrate your progressive knowledge of financial concepts. You will be required to apply critical thinking and analytical problem-solving skills to provide responses to the test questions.
Description
The mid-semester test covers course materials from the first six weeks (topics 1-6 inclusive) and will include both practical and theory-based questions.
Weighting
30%
Length
90 minutes (including reading time)
Due Date
In Class – Week 8
Submission Method
In Class
Assessment Criteria
The mid semester test will test your understanding of relevant concepts, and accuracy of your answers.
Return Method
Online via the course CANVAS site
Feedback Provided
Online via the course CANVAS site
Assessment 3 - Final Examination
Assessment Type
Formal Examination
Purpose
The final exam requires you to demonstrate your comprehensive knowledge of the Australian financial markets and its institutional participants and components.
Description
In the final exam you will be required to interpret and answer problem-based questions to demonstrate critical thinking, analytical and problem-solving skills in the context of investment theories and practices.
This course has a RESTRICTED OPEN BOOK examination. A memory aid is permitted. The memory aid is a single double sided A4 sheet of handwritten or typed notes for use during the examination. Note: memory aids must be left on the examination table and cannot be removed from the examination venue.
Weighting
50%
Length
120 minutes
Due Date
Formal Exam Period
Submission Method
Formal Examination
Assessment Criteria
Accuracy of answers with supporting workings and clarity of expression
Return Method
Not Returned
Feedback Provided
No Feedback. Examination scripts will not be returned to students. Final examination scripts will be made available for review by students, upon request, in a controlled and monitored setting. Students are required to make requests, directly to the relevant course coordinator. Completed examination scripts are kept by the Newcastle Business School for a period of six (6) months only, from the relevant fully graded date. Requests made after the six (6) month period cannot be considered.
SYLLABUS
Course Content
Topics in the course include but are not limited to the following:
1. An introduction to the financial system
2. Banks
3. Non-bank financial institutions
4. Simple and compound interest
5. Annuities
6. Corporations and the share market
7. Capital Structure and the Cost of Capital
8. Investors and the share market
9. Short-term debt
10. Long-term debt
11. Dividend policy
Course Materials
Required Text:
Viney, C. and Phillips, P (2019). Financial Institutions, Instruments and Markets, 9
th ed. Sydney: McGraw-Hill Education.
ISBN: 9781760422943
An additional Readings list will be provided on the course CANVAS site.
SCHEDULE
|
Week |
Topic |
Class Preparation |
Assessment |
| 1 |
An introduction to the financial system |
Read - Chapter 1 |
|
| 2 |
Banks |
Read - Chapter 2 |
|
| 3 |
Non-bank financial institutions |
Read - Chapter 3 |
Assessment 1 due: Online Quiz 1 covering weeks 1 & 2. Submission due by Sunday, Week 3 by 5:00 pm |
| 4 |
Simple and Compound Interest |
Chapter 3 (pages 28 - 41) from Business Finance 12th Edition (Refer to CANVAS as this is not from the prescribed text) |
|
| 5 |
Annuities |
Chapter 3 (pages 46 - 65) from Business Finance 12th Edition (Refer to CANVAS as this is not from the prescribed text) |
Assessment 1 due: Online Quiz 2 covering weeks 3 & 4. Submission due by Sunday, Week 5 by 5:00 pm |
| 6 |
Corporations and the share market |
Read - Chapters 4 and 5 |
|
| 7 |
Capital Structure and Cost of Capital |
Read - Chapter 5 and supplementary material on CANVAS |
Assessment 1 due: Online Quiz 3 covering weeks 5 & 6. Submission due by Sunday, Week 7 by 5:00 pm |
| 8 |
Mid Semester test |
|
Assessment 2 due: Mid-Semester Test – Week 8 - date and time to be confirmed on course CANVAS site. |
| 9 |
Investors and the share market |
Read - Chapter 6 |
Refer to CANVAS for learning activities |
| 10 |
Short-term debt |
Chapter 9 |
Assessment 1 due: Online Quiz 4 covering weeks 7 & 9. Submission due by Sunday, Week 10 by 5:00 pm |
| 11 |
Long-term debt |
Chapter 10 |
|
| 12 |
Dividend policy |
Read supplementary material on CANVAS |
|
| 13 |
Revision |
|
Assessment 1 due: Online Quiz 5 covering weeks 10, 11 & 12.
Submission due by Sunday, Week 13 by 5:00 pm
|
|
If a lecture/class is scheduled on a public holiday, a make-up lecture may be announced by the course coordinator on the course CANVAS site.
Assessment 1 due: Online Quiz 5 covering weeks 10, 11 & 12.
Submission due by Sunday, Week 13 by 5:00 pm
If a lecture/class is scheduled on a public holiday, a make-up lecture may be announced by the course
coordinator on the course CANVAS site.
If a lecture/class is scheduled on a public holiday, a make-up lecture may be announced by the course
coordinator on the course CANVAS site.
|
|||