Faculty of Business and Law
School of Business
FIN 111: Introductory Principles of Finance
Subject Outline
6 credit points
Subject Information
Autumn, 2023, Wollongong, Shoalhaven, South West Sydney, Southern Highlands, Southern Sydney, Bega,
Bateman’s Bay On Campus
Flexible Delivery A combination of online and on-campus or location based components where the oncampus/location component is compulsory
UOW may need to change teaching locations/venues and/or teaching delivery at short notice to ensure the
safety and wellbeing of students and staff in response to the COVID-19 pandemic or other public health
requirements.
For up-to-date information on the impact of COVID-19 please refer to your subjects Moodle site.
Vision, Mission and PRME
Our mission is to inspire and develop globally-minded and socially responsible community members and
leaders, through high-quality teaching, impactful research and meaningful engagement with community,
government, industry and academic partners. The full Vision and Mission statements can be found at
https://www.uow.edu.au/business-law/schools-entities/business/about-us/vision-and-mission/
We are a signatory to the Principles of Responsible Management Education (PRME) and support the realisation
of the United Nations Sustainable Development Goals. More information on PRME can be found at
https://business.uow.edu.au/about/index.html
Teaching Staff
Teaching Role
Name
Telephone Email
Coordinator and
Lecturer
Dr Freda HuiTruscott
4221 3679
Head Tutor
Ms Akiko Phillips
akiko@uow.edu.au
Tutor
Mr Elvis Zeng
ezeng@uow.edu.au
Tutor
Mr Arthur Tsang
ptsang@uow.edu.au
Tutor
Ms Du Han
dhan@uow.edu.au
FIN 111 Subject Outline
FIN111enquiries@uow.edu.au
Autumn, 2023
Room
Consultation
Times
40.320 In Moodle
Page 1 of 17
Expectations of Students
UOW values are intellectual openness, excellence and dedication, empowerment and academic freedom, mutual
respect and diversity, recognition and performance. We will provide a safe, equitable and orderly environment
for the University community, and expect each member of our community to behave responsibly and ethically
(UOW Student Conduct Rules https://documents.uow.edu.au/about/policy/learning/index.html ).
We expect that students demonstrate these values and professional behaviour, both face to face and online,
making genuine efforts to complete their studies successfully, arriving on time to class, taking part
constructively in class discussions and activities, demonstrating appropriate professional and ethical conduct in
all communication with UOW staff and community members, and submitting assignments on time (or
completing a request for Academic Consideration in advance if needed).
Communication and eLearning Etiquette
Guidelines on the use of email to contact teaching staff, mobile phone use in class and information on the
university guide to eLearning 'Netiquette' can be found at
https://www.uow.edu.au/student/learningcoop/software/emailetiquette/index.html
Cyber Bullying
The University is committed to providing a safe, respectful, equitable and orderly environment for the
University community, and expects each member of that community to behave responsibly and ethically.
Students must comply with the University's Student Conduct Rules and related policies including the IT
Acceptable Use Policy and Bullying Prevention Policy, whether undertaking their studies face-to-face, online.
For more information on appropriate communication and etiquette in the online environment please refer to the
guide Online and Email Etiquette or at https://www.uow.edu.au/student/learning-co-op/technology-andsoftware/email-etiquette/.
Copyright
Commonwealth of Australia
Copyright Regulations 1969
© 2023 University of Wollongong
The original material prepared for this guide is covered by copyright. Apart from fair dealing for the purposes of
private study, research, criticism or review, as permitted under the Copyright Act, no part may be reproduced by
any process without written permission.
FIN 111 Subject Outline
Autumn, 2023
Page 2 of 17
Table of Contents
Section A: General Information .......................................................................................................................... 4
Learning Outcomes ............................................................................................................................................ 4
Student Learning Outcomes .......................................................................................................................... 4
Subject Description ....................................................................................................................................... 4
Course Learning Outcomes ........................................................................................................................... 4
eLearning, Readings, References and Materials ................................................................................................ 4
Foundational Work Integrated Learning ....................................................................................................... 4
Major Text(s) ................................................................................................................................................ 4
Key References ............................................................................................................................................. 5
Recommended Background and Further Reading......................................................................................... 5
Lectures, Tutorials and Attendance Requirements ............................................................................................ 5
Lecture Times * ............................................................................................................................................ 5
Lecture Program * ......................................................................................................................................... 6
Lecture Recording.............................................................................................................................................. 6
Your Privacy - Lecture Recording ..................................................................................................................... 7
Additional Lecture Comments ...................................................................................................................... 7
Tutorial/Seminar/Workshop Times ............................................................................................................... 7
Tutorial/Seminar/Workshop Program ........................................................................................................... 7
Additional Tutorial/Seminar/Workshop Comments ..................................................................................... 9
Attendance Requirements - Participation, Contribution and Engagement during
Lectures/Tutorials/Seminars/Workshops ........................................................................................................... 9
Recent Improvements to Subject ....................................................................................................................... 9
Extraordinary Changes to the Subject Outline ................................................................................................... 9
Learning Analytics ............................................................................................................................................. 9
Section B: Assessment ........................................................................................................................................ 10
Assessment Summary ...................................................................................................................................... 10
Additional Assessment Information................................................................................................................. 12
Assessment Learning Outcome Matrix ............................................................................................................ 13
Minimum Performance Requirements ............................................................................................................. 13
Types of Assessment and Collaboration .......................................................................................................... 14
Submission, Retention and Collection of Written Assessment ........................................................................ 14
Submitting Assessment Tasks ..................................................................................................................... 14
Extensions ................................................................................................................................................... 14
Late Submission of Assessment Tasks........................................................................................................ 14
Collection .................................................................................................................................................... 15
Retention ..................................................................................................................................................... 15
Scaling ............................................................................................................................................................. 15
Supplementary Assessment ............................................................................................................................. 15
Review and Appeal of Academic Decisions .................................................................................................... 15
Assessment Quality Cycle ............................................................................................................................... 16
Assurance of Learning (What will students learn in their degree?) ................................................................. 16
Academic Integrity .......................................................................................................................................... 16
Plagiarism Prevention ................................................................................................................................. 16
Referencing ...................................................................................................................................................... 16
Section C: General Advice for Students - Policies and Procedures................................................................ 17
FIN 111 Subject Outline
Autumn, 2023
Page 3 of 17
Section A: General Information
Learning Outcomes
Student Learning Outcomes
On successful completion of this subject, students will be able to:
1.
2.
3.
4.
5.
6.
Demonstrate an understanding of the roles of financial institutions and their relationship with personal
and corporate finance decision making.
Describe the purpose, key players and specific industry developments in the regulatory frameworks of
both the finance and financial planning sectors, and their inter-relationships.
Develop ethical business thinking in financial practice.
Apply financial theory to real world corporate and personal financial decisions.
Employ the concepts of time value of money and perform valuation of cash flows including annuities,
perpetuities, amortised loans, bonds, and shares.
Use appropriate digitally based technology to operate effectively in financial and business analysis.
Subject Description
FIN111 introduces fundamental concepts of corporate and personal finance, financial institutions, and financial
planning. In doing so, the inter-relationships between finance, financial institutions and markets, and society are
explored. A theoretical strand contextualises finance and financial planning within their respective regulatory
frameworks. A technical strand equips students with fundamental financial skills for business and an
understanding of the key principles of finance. The subject provides a broad and synergistic overview of the
financial services industry locally and globally. In its exploration of ethical issues, the subject supports a
socially responsible approach to business.
Course Learning Outcomes
Course Learning Outcomes can be found in the Course Handbook
https://www.uow.edu.au/handbook/index.html.
eLearning, Readings, References and Materials
The University uses the eLearning system Moodle to support all coursework subjects. The subject Moodle site
can be accessed via SOLS.
You can find guidelines to eLearning here http://www.uow.edu.au/student/elearning/guide/index.html
Foundational Work Integrated Learning
This subject contains elements of 'Foundational WIL'. Students in this subject will observe, explore or reflect on
possible career pathways or a work-related aspect of their discipline.
Major Text(s)
FIN111 Introductory Principles of Finance (2019, Revised Edition). Custom publication for the University of
Wollongong. John Wiley and Sons. ISBN: 9781119924449 RRP$119.95
Textbook details are available online from the University Bookshop at https://unishop.uow.edu.au/
FIN 111 Subject Outline
Autumn, 2023
Page 4 of 17
Key References
1.
2.
3.
4.
5.
Kidwell, D, Brimble M, Basu A, Lenten, L, and Thomson D (2018) Financial Markets, Institutions and
Money. 3nd ed. John Wiley and Sons.
McKeown W, M Kerry, and M Olynyk (2018) Updated edition, 2nd ed. Financial Planning. John
Wiley and Sons.
McKeown W, M Kerry, and M Olynyk (2014), 1st ed. Financial Planning. John Wiley and Sons.
Parrino R, HH Au Yong, N Morket-Kingsbury, D Kidwell, S Ekanayake, M Dempsey, J James, and J
Murray (2018) Business Finance. John Wiley and Sons.
Parrino R, M Brimble, P Mazzola, N Morket-Kingsbury, and J James (2018) 2nd ed, Finance
Essentials. John Wiley and Sons.
Recommended Background and Further Reading
A list of valuable finance resources are available on the library website. This site can be accessed via the link
below.
To get to this site from the library website, use the following pathway:
library/resources for assignments/finance: http://uow.libguides.com/finance
Other readings
1.
2.
3.
4.
5.
Day, J., Banister, P., Davis, B., Campbell, J., Fitton, G., Flack, G., Graham, S., Hayes, T., Jones, S.,
Kiddell, R., Prestney, S., Fenton, N., Howard, S., and Pepper, T. (2018). Australian Financial Planning
Handbook 2018-19. Thomson Reuters.
Gitman, L.J., Joehnk, M.D., and Billingsley, R. (2020). Personal Financial Planning. 15th ed. Cengage
Learning.
Kapoor, J., Dlabay, L., Hughes, R., and Hart, M. (2022), Focus on Personal Finance. 7th ed. McGrawHill.
Ross, S., Trayler, R., Van de Venter, Bird, R., Westerfield, R., and Jordan, B. (2019). Essentials
of Corporate Finance. 5th ed. McGraw-Hill.
Viney, C. and Philips, P. (2019). Financial Institutions, Instruments and Markets, 9th ed. McGrawHill.
This is not an exhaustive list of references. Students should also use the library catalogue and databases to locate
additional resources.
Lectures, Tutorials and Attendance Requirements
Lecture Times *
UOW may need to change teaching locations, teaching delivery and/or assessment delivery at short notice to
ensure the safety and well-being of students and staff in response to the COVID-19 pandemic or other public
health requirements.
For up-to-date information on the impact of COVID-19 please refer to your subjects Moodle site.
Up to date timetable and delivery information is located at
http://www.uow.edu.au/student/timetables/index.html
For current timetable information please refer to the online Subject Timetables on the Current Students
webpage.
FIN 111 Subject Outline
Autumn, 2023
Page 5 of 17
Lecture Program *
Week
Week
Commencing
Topics Covered
Readings
1
27 Feb 2023
Finance in Business
Textbook Reading 1 - Finance Essentials (Kidwell et
al.) Chapter 1
2
06 Mar 2023
The Financial System
Textbook Reading 2 - Finance Essentials (Kidwell et
al.) Chapter 2
3
13 Mar 2023
The Time Value of Money
Textbook Reading 5 - Business Finance (Parrino et al.)
Chapter 3
4
20 Mar 2023
Discounted Cash Flows and
Valuation
Textbook Reading 6 - Business Finance (Parrino et al.)
Chapter 4
5
27 Mar 2023
Commercial Bank
Operations
Textbook Reading 3 - Financial Markets, Institutions,
and Money (Kidwell et al.) Chapter 14
6
03 Apr 2023
Non-bank Financial
Institutions
Textbook Reading 4 - Financial Markets, Institutions,
and Money (Kidwell et al.) Chapter 15
10 Apr 2023
Mid-Session Recess
7
17 Apr 2023
No Lecture (Mid-session
Exam)
No Lecture
8
24 Apr 2023
Bond Valuation and
Structure of Interest Rate
Textbook Reading 7 - Business Finance (Parrino et al.)
Chapter 6
9
01 May 2023
Share Valuation
Textbook Reading 8 - Business Finance (Parrino et al.)
Chapter 7
10
08 May 2023
11
15 May 2023
12
22 May 2023
Development of a Statement Textbook Reading 11 - Financial Planning updated ed.
of Advice
(McKeown et al.) Chapter 15
13
29 May 2023
Revision
05 Jun 2023
Study Recess
10 Jun 2023
Examinations
17 Jun 2023
Examinations
Consumer Credit
Textbook Reading 9 - Financial Planning 1st ed.
(McKeown et al.) Chapter 9
Personal Financial Planning
Textbook Reading 10 - Financial Planning updated ed.
(McKeown et al.) Chapter 1
Revision
* The above times and program may be subject to change. Students will be notified of any change via SOLS.
Lecture Recording
The University of Wollongong supports the recording of UOW educational content as a supplemental study
tool, to provide students with equity of access, and as a technology-enriched learning strategy to enhance the
student experience.
If you make your own recording of a lecture, class, seminar, workshop or any other educational session
provided as part of your course of study you can only do so with the explicit permission of the lecturer and those
people who are also being recorded.
You may only use educational content recorded through the delivery of subject or course content, whether they
are your own or recorded by the university, for your own educational purposes. Recordings cannot be altered,
shared or published on another platform, without permission of the University, and to do so may contravene the
University's Copyright Policy, Privacy Policy, Intellectual Property Policy, IT Acceptable Use Policy and
FIN 111 Subject Outline
Autumn, 2023
Page 6 of 17
Student Conduct Rules. Unauthorised sharing of recordings may also involve a breach of law under the
Copyright Act 1969.
Most lectures in this subject will be recorded, when they are scheduled in venues that are equipped with lecture
recording technology, and made available via the subject Moodle site within 48 hours.
Your Privacy - Lecture Recording
In accordance with the Student Privacy & Disclosure Statement, when undertaking our normal teaching and
learning activities, the University may collect your personal information. This collection may occur incidentally
during the recording of lectures in equipped venues (i.e. when your identity can be ascertained by your image,
voice or opinion), or via the delivery of online content therefore the University further advises students that:



Lecture recordings are made available to students, university staff, and affiliates, securely on the
university's IT Platforms and via the subject Moodle eLearning site;
Recordings are made available only for the purpose for which they were recorded, for example, as a
supplemental study tool or to support equity and access to educational resources;
Recordings are stored securely for up to four years
If you have any concerns about the use or accuracy of your personal information collected in a lecture recording,
you may approach your Subject Coordinator to discuss your particular circumstances.
The University is committed to ensuring your privacy is protected. If you have a concern about how your
personal information is being used or managed please refer to the University's Privacy Policy or consult our
Privacy webpage https://www.uow.edu.au/privacy/
Additional Lecture Comments
Additional material may be used for each lecture. Any additional material used will be made available on
Moodle.
Tutorial/Seminar/Workshop Times
The Faculty of Business and Law uses the SMP Online Tutorial System and tutorial times and locations can be
found at https://www.uow.edu.au/student/timetables/index.html. Please note that tutorial times on the timetable
are provisional and may change.
Tutorial/Seminar/Workshop Program
Where restrictions require temporary adjustments for delivery and tutorial/seminar/workshop arrangements, any
necessary changes will be advised and provided by your Subject Coordinator. Please check the subject Moodle
site regularly.
Week
Week
Commencing
Topics Covered
Readings and Activities
1
27 Feb 2023
No Tutorial
No Tutorial
2
06 Mar 2023
Finance in Business
Textbook Reading 1 (Finance Essentials Chapter 1)
Questions and Problems 1.1, 1.17 , and 1.24
In-class activity
3
13 Mar 2023
The Financial System
Textbook Reading 2 (Finance Essentials Chapter 2)
Critical Thinking Questions 2.9
Questions and Problems 2.2, 2.15, 2.18 and 2.25
In-class activity
4
20 Mar 2023
The Time Value of Money
Textbook Reading 5 (Business Finance Chapter 3)
FIN 111 Subject Outline
Autumn, 2023
Page 7 of 17
Critical Thinking Questions: 3.1
Questions and Problems: 3.5, 3.12, 3.21, and 3.31
In-class activity
Quiz 1
5
6
7
8
9
10
11
Discounted Cash Flows and
Valuation
Textbook Reading 6 (Business Finance Chapter 4)
Critical Thinking Questions: 4.3
Questions and Problems: 4.6, 4.7, 4.20, and 4.34
In-class activity
03 Apr 2023
Commercial Banks Operations
Textbook Reading 3 (Financial Markets,
Institutions, and Money Chapter 14)
Questions and Problems: 14.1, 14.8, 14.13, 14.15,
and 14.20
In-class activity
10 Apr 2023
Mid-Session Recess
17 Apr 2023
No Tutorial (Mid-session Exam)
No Tutorial (Mid-session Exam)
24 Apr 2023
Non-Bank Financial Institutions
Textbook Reading 4 (Financial Markets,
Institutions, and Money Chapter 15)
Questions and Problems: 15.3, 15.6, 15.7, 15.13,
and 15.14
In-class activity
01 May 2023
Textbook reading 7 (Business Finance Chapter 6)
Bond Valuation and the Structure Critical Thinking Questions: 6.6 and 6.7
of Interest Rates
Questions and Problems: 6.7 and 6.14
In-class activity
08 May 2023
Textbook reading 8 (Business Finance Chapter 7)
Critical Thinking Questions: 7.1 and 7.7
Questions and Problems: 7.5, 7.9, 7.15, and 7.27
In-class activity
27 Mar 2023
15 May 2023
Share Valuation
Textbook Reading 9 (Financial Planning 1st ed
Chapter 9)
Professional Application Questions: 9.3, 9.7, and
9.9
Professional Application Exercises: 9.13 and 9.18
Case study 1
Consumer Credit
Quiz 2
12
13
Personal Financial Planning
Textbook Reading 10 (Financial Planning updated
ed. Chapter 1)
Professional Application Questions: 1.3, 1.5, and
1.8 and 1.14
Case study 1
29 May 2023
Development of a Statement of
Advice
Textbook Reading 11 (Financial Planning updated
ed. Chapter 15)
Professional Application Questions: 15.2,
15.3, 15.8, 15.11 and 15.13
Professional Application Exercises: 15.16
In-class activity
05 Jun 2023
Study Recess
10 Jun 2023
Examinations
17 Jun 2023
Examinations
22 May 2023
The above program may be subject to change.
FIN 111 Subject Outline
Autumn, 2023
Page 8 of 17
Additional Tutorial/Seminar/Workshop Comments
Students are expected to prepare answers to the tutorial questions before every tutorial. Solutions to tutorial
questions for each week will be placed on Moodle at the end of each week after all the tutorials for the week
have concluded.
Attendance Requirements - Participation, Contribution and Engagement during
Lectures/Tutorials/Seminars/Workshops
Students are expected to engage in all learning activities, including any online learning activities, and participate
in scheduled tutorials/seminars/workshops in order to achieve the Subject Learning Outcomes.
For subjects with an assessable engagement component: Students are expected to attend all classes and need to
participate regularly in order to pass the class engagement components of the assessment in this subject.
Tutorials/seminars/workshops are used to promote an atmosphere in which students can learn by active
engagement. Non-attendance at seminars will directly impact upon class engagement assessment mark as a mark
of zero will be awarded for each class missed. Students unable to attend a seminar due to serious or extenuating
circumstances may apply for Academic Consideration see:
http://www.uow.edu.au/about/policy/UOW058721.html
Recent Improvements to Subject
The Faculty of Business and Law is committed to continual improvement in teaching and learning. In assessing
teaching and learning practices in a subject, the Faculty takes into consideration student feedback from many
sources. These sources include direct student feedback to tutors and lecturers, and responses to the Subject and
Course Evaluation Surveys. These important student responses are used to make ongoing changes to subjects
and courses. This information is also used to inform systemic comprehensive reviews of subjects and courses.
Extraordinary Changes to the Subject Outline
In extraordinary circumstances the provisions stipulated in this Subject Outline may require amendment after
the Subject Outline has been distributed. All students enrolled in the subject must be notified and have the
opportunity to provide feedback in relation to the amendment, where practicable, prior to the amendment being
finalised.
Peer Assisted Learning (PAL) Program
Whether you could use some extra help or you are a top student, you will benefit from the skills and
understanding gained from attending PAL. PAL is an opportunity to learn, prepare and discuss subject content
through practice questions and activities. PAL sessions are structured weekly study groups facilitated by PAL
Leaders, trained students who have successfully completed the subject. PAL Leaders facilitate group based
activities that incorporate important and challenging content with study tools, to help you successfully complete
the subject. For more information, go to: https://www.uow.edu.au/student/support-services/pass/
Learning Analytics
Learning Analytics data (such as student engagement with Moodle, access to recorded lectures, University
Library usage, task marks, and use of SOLS) may be used by the Subject Coordinator and your faculty's Head of
Students to assist in analysing student engagement, and to identify and recommend support to students who may
be at risk of failure. If you have questions about the kinds of data the University uses, how we collect it, and
how we protect your privacy in the use of this data, please refer to
https://www.uow.edu.au/about/privacy/index.html
FIN 111 Subject Outline
Autumn, 2023
Page 9 of 17
Section B: Assessment
Assessment Summary
Assessment Item
Form of Assessment
%
Assessment 1
Quiz
10%
Assessment 2
Assignment
15%
Assessment 3
Quiz
25%
Assessment 4
Exam
50%
100%
TOTAL MARKS
Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of
assessment processes.
A formative assessment activity (with written or verbal feedback) will be conducted before census date - please
see UOW Key Dates.
Past exam papers may be available for student review, subject to release by the library
(https://ereadingsprd.uow.edu.au/). Solutions and marking guides are not included. The structure and/or content
of the papers may change from session to session.
Assessment 1: Quiz - In-class quizzes
Marking Criteria
Marks are awarded for correct technical knowledge and an understanding of
theoretical concepts.
Length
Time allowed: maximum 8 mins (subject to change)
Weighting
10%
Assessment Due
20 Mar 2023 (In your assigned tutorial in Session Week 4)
15 May 2023 (In your assigned tutorial in Session Week 11)
Type of Collaboration
Individual assessment
Style and format
Short answers and calculation questions
Assessment submission
In your assigned tutorial.
Assessment return
Marks will be released within two weeks of submission.
Detailed information
During the tutorial in Week 4 and Week 11, students are required to take an
in-class quiz (maximum of 8 mins for each quiz).
• The quiz in Week 4 will cover topics from Lecture 1 - 3.
• The quiz in Week 11 will cover topics from Lecture 6 - 10.
• Students are required to provide handwritten answers and show all the
workings for calculation questions.
• Students are expected to attend for the duration of the tutorial class.
Assessment 2: Assignment - Report and Excel Spreadsheet
Marking Criteria
The report and spreadsheet will be marked based on computational accuracy,
relevance and accuracy of interpretation of results, demonstration of
understanding of the underlying theories and appropriate analyses.
Length
A maximum of 800 words in the report (not including computations,
reflection, tables/figures, reference list and appendices).
FIN 111 Subject Outline
Autumn, 2023
Page 10 of 17
Weighting
15%
Assessment Due
05 May 2023 (Friday in Session Week 9)
Final submission time: 1:30pm
Type of Collaboration
Individual assessment
Style and format
Report and Excel Spreadsheet
Assessment submission
Online via Moodle
This assessment has been set up to be checked by Turnitin, a tool which
helps you check whether you have referenced correctly. You can submit your
assessment task to Turnitin prior to the due date and Turnitin will give you
an originality report. You may then make any changes that may be required
and resubmit your final version by the due date.
Assessment return
The marked work will be returned within three weeks of submission.
Detailed information
The assignment consists of two parts. Part I requires you to use Excel with
the aim of preparing the amortisation schedule. In Part II, you are required to
write a report to explain why the particular financial institution has been
chosen for this assignment. Detailed guidelines will be made available on
Moodle in Week 4.
For all students, the following applies:
i) Submission via fax, email or post will not be accepted.
ii) Assessed work handed in late will be penalised by deduction of 5% of
total marks per day. Please refer to p.14-15 of the subject outline for details.
iii) Last-minute computer break-down will not be accepted as a reason for
making a late submission.
Assessment 3: Quiz - Mid-session exam
Marking Criteria
Marks are awarded for correct technical knowledge and understanding of
theoretical concepts.
Length
1 hour 30 mins
Weighting
25%
Assessment Due
21 Apr 2023 (Friday in Session Week 7)
Final submission time: 1:15pm
Type of Collaboration
Individual assessment
Style and format
Short/long answers and/or multiple choice questions, and calculations
Assessment submission
Online via Moodle
Assessment return
Students will be notified of their results via Moodle or SOLS within two
weeks of submission.
Detailed information
Mid-session exam date: 21 April (Friday)
Moodle Quiz will be opened between 11.30am - 1.15pm. You must submit
before 1.15pm.
Questions will be from all materials covered in week 1 to 6 (lectures in week
1-5, tutorials in week 2-6) inclusive.
FIN 111 Subject Outline
Autumn, 2023
Page 11 of 17
Assessment 4: Exam - Final exam
Marking Criteria
Marks are awarded to correct application of conceptual knowledge to small
problems as well as comprehensive demonstration of conceptual knowledge.
Length
3 Hours
Weighting
50%
Assessment Due
To Be Announced
Type of Collaboration
Individual assessment
Style and format
Essay, multiple choice questions and/or short answers questions.
Assessment submission
The final exam will be held during the UOW exam period. It is your
responsibility to source the time and date of the final examination via SOLS
(Student Online Services) when details become available.
Assessment return
Final exam papers will not be returned to students. Results will be released
on the university assigned release date.
Detailed information
The final exam will cover all the content or topics that cover during the
semester. Relevant formulae will be provided to students.
Additional Assessment Information
Students are expected to use the appropriate referencing method referred to in this subject outline where
applicable.
Assignments submitted late, will be subject to the late submission penalty prescribed later in this subject outline.
Please refer to the section on late submission of assessment tasks for details. Please apply for academic
consideration for extension of submission deadline.
UOW Grade Descriptors
The UOW Grade Descriptors are general statements that communicate what our grades represent, in terms of
standards of performance, and provide a frame of reference to ensure that assessment practice across the
University is appropriate, consistent and fair. Grade Descriptors are expressed in general terms so that they are
applicable to a broad range of disciplines. Grade Descriptors are available here
https://www.uow.edu.au/student/exams/results/. For more information on the UOW grade descriptors refer to
the Teaching and Assessment: Assessment and Feedback Policy:
https://documents.uow.edu.au/about/policy/alphalisting/UOW222910.html
FIN 111 Subject Outline
Autumn, 2023
Page 12 of 17
Assessment Learning Outcome Matrix
Measures - Assessment weighting
Learning Outcomes
Demonstrate an understanding of the roles of financial
institutions and their relationship with personal and corporate
finance decision making.
In-class
quizzes
Report and
Excel
Spreadsheet
Midsession
exam
Final
exam
(10%)
(15%)
(25%)
(50%)
✔
✔
✔
Describe the purpose, key players and specific industry
developments in the regulatory frameworks of both the
finance and financial planning sectors, and their interrelationships.
Develop ethical business thinking in financial practice.
✔
✔
Apply financial theory to real world corporate and personal
financial decisions.
✔
✔
✔
✔
Employ the concepts of time value of money and perform
valuation of cash flows including annuities, perpetuities,
amortised loans, bonds, and shares.
✔
✔
✔
✔
Use appropriate digitally based technology to operate
effectively in financial and business analysis.
✔
✔
✔
✔
In order to successfully pass this subject:



All assessment tasks must be attempted and submitted as a minimum performance requirement.
Students must gain an overall mark of 50 for the subject after any penalties for late submission and/or
misconduct are applied; and
Students must achieve a passing grade in the final examination or major piece of assessment (where
there is no final exam). Students who do not meet this minimum performance requirement will receive
a TF (Technical Fail) grade for this subject, which will be recorded on your Academic Transcript. This
is in accordance with the UOW General Course Rules.
Minimum Performance Requirements
Where a Technical Fail is given the following applies:
a.
b.
c.
d.
Failure of the subject;
a TF without a mark will be granted;
a TF will be presented on the student's academic transcript;
The allocated mark of 49 will be used as the WAM calculation for subjects at all levels.
Students are expected to engage in any online learning activities and participate in seminars/tutorials/workshops
in order to achieve the Subject Learning Outcomes. Students are expected to have completed readings, watched
any lecture material, and completed any relevant exercises prior to attending/joining
seminars/tutorials/workshops and to participate actively and constructively in any learning activity associated
with this subject. Students should note that UOW policy equates 1 credit point with 2 hours of study per week
that includes lectures and tutorials/workshops/practical. For example, in a 6 credit point subject, a total of 12
hours of study per week is expected.
FIN 111 Subject Outline
Autumn, 2023
Page 13 of 17
Types of Assessment and Collaboration
Collaboration between students during the preparation of subject assessment tasks or case studies is only
permitted dependent upon the category of assessment task declared by the subject coordinator and as printed in
the Subject Outline.
Type 1 - At home exams (online) or Take home exams No collaboration of any kind is permitted between
students or anyone else during formation and preparation of the contents of the student submission.
Type 2 - Group work: Collaboration is permitted between students in the same group but not with students in
other groups.
Type 3 - Individual assessment: Collaboration is permitted between students only in the form of general
discussion pertaining to relevant concepts or potential issues to be dealt with in completing the assessment.
However, collaboration must not proceed to the point where it contributes directly to the final submission
produced by the student. Joint planning of the actual contents of a student's submission is not permitted. Where
the assessment requires formulation of a set of recommendations, a problem solution, or a specific course of
action, collaboration is not permitted during their formulation. Needless to say, collaboration is not permitted
during the actual preparation and writing of the student submission.
Type 4 - Open assessment: Collaboration with other students is permitted, subject to the normal rules governing
plagiarism and academic integrity. That is, direct use of ideas contributed by others must be acknowledged.
Type 5 - Individual assessment and group work: Collaboration is permitted with other members of your group,
but not with other groups for the group work component. No collaboration is permitted with other members of
your group for the individual component.
Submission, Retention and Collection of Written Assessment
Submitting Assessment Tasks
Assessed work must be handed in by the date and time listed under each assessment task. All assessment tasks
must represent the enrolled student's own ORIGINAL work and must not have been previously submitted for
assessment in any formal course of study.
Tasks must be submitted by the method outlined against each assessment task. Students may not e-mail or post
assessment tasks unless specifically requested by or with the prior approval of the Subject Coordinator. Where
an assessment task is submitted electronically (via Moodle), the procedure for electronic submission will be set
out on the Moodle site.
A Faculty of Business and Law assignment cover sheet must be attached to each piece of written assessment
task. This is not required for electronic submissions via Moodle. This cover sheet can be obtained from the
website: https://business.uow.edu.au/businesscentral/UOW155483.html. Students should ensure they receive a
receipt of submission and retain this for proof of submission.
Extensions
Extensions of time to submit material for assessment can only be requested in advance of the due date for an
assessment activity through the Academic Consideration process on SOLS. For more information please refer to
the Student Academic Consideration Policy at: http://www.uow.edu.au/about/policy/UOW058721.html
Late Submission of Assessment Tasks
Assessed work must be submitted in by the date and time given. If an assessment is submitted late, it will be
marked in the normal way, and a penalty will then be applied.
FIN 111 Subject Outline
Autumn, 2023
Page 14 of 17
In the absence of an approved request for Academic Consideration in the form of an extension, assessment tasks
must be submitted in line with the assessment instructions.



An assessment task that is submitted late will receive a penalty of 5% of the total available mark for
each 24-hour period, or part thereof, that it is late.
Work submitted after seven calendar days will not be marked and will be given a mark of 0.
No assessment task can be handed in for a mark once the assessment task has been returned to students.
Penalties accrue on each day that the assessment task is late, including Saturday, Sunday and public holidays
Note: Assessments must still be submitted to meet minimum performance requirements even though no mark is
to be awarded.
Collection
Assessment items will normally be returned to students within three (3) weeks of the due date. Assessment tasks
which are relevant to the final examination for the subject will be marked and available for collection prior to
the study week before the final examination.
Retention
The university may retain copies of student work in order to facilitate quality assurance of assessment processes,
in support of the continuous improvement of assessment design, assessment marking and for the review of the
subject. The University retains records of students' academic work in accordance with the University Records
Management Policy and the State Records Act 1988 and uses these records in accordance with the University
Privacy Policy and the Privacy and Personal Information Protection Act 1998.
Scaling
Marks awarded for any assessment task (including examinations) may be subject to scaling at the end of the
session by the School Assessment Committee (SAC) and/or the Faculty Assessment Committee (FAC). Marks
may be scaled in accordance with University policy. Scaling will not affect any individual student's rank order
within their cohort. For more information refer to Standards for Finalisation of Student Results
https://www.uow.edu.au/about/policy/UOW039331.html.
Supplementary Assessment
Supplementary assessment tasks may be offered to students whose performance in this subject is close to that
required to pass the subject, and are otherwise identified as meriting an offer of a supplementary assessment.
The Subject Coordinator will determine the precise form of supplementary assessment at the time the offer of a
supplementary is made. In some circumstances you may be offered a supplementary exam. For more
information about Supplementary Assessment refer to:
http://www.uow.edu.au/student/exams/aboutsupp/index.html
Review and Appeal of Academic Decisions
A student may request an explanation of a mark for an assessment task or a final grade for a subject consistent
with the student's right to appropriate and useful feedback on their performance in an assessment task. A student
may also seek further explanation for other academic decisions such as Academic Consideration, Supplementary
Assessment or Credit for Prior Learning. If a student is not satisfied with the explanation, or have further
concerns, they may have grounds for a formal review. For further information refer to
https://documents.uow.edu.au/about/policy/students/UOW189967.html
FIN 111 Subject Outline
Autumn, 2023
Page 15 of 17
Assessment Quality Cycle
The UOW Assessment Quality Cycle provides a level of assurance that assessment practices across the
University are appropriate, consistent and fair. Quality assurance activities are undertaken to support the
continuous improvement of assessment and promote good practices in relation to assessment design, marking
and review of the subject prior to subsequent delivery.
Assurance of Learning (What will students learn in their degree?)
The Faculty of Business and Law ensures each degree has specified course learning outcomes which assure that
students attain knowledge, skills and competencies at the appropriate qualification level. These course learning
outcomes align with the curriculum. These are evaluated through existing assessment tasks within subjects.
The Faculty uses Assurance of Learning (AOL) to assess how students meet the specified course learning
outcomes and how well our graduates have achieved these. AOL collects and analyses student results data to
continuously improve degrees offered by the Faculty which leads to improved student learning.
Academic Integrity
The University's Academic Integrity Policy, faculty moodle sites and subject guides clearly set out the
University's expectation that students submit only their own original work for assessment and avoid plagiarising
the work of others or cheating. Re-using any of your own work (either in part or in full) which you have
submitted previously for assessment is not permitted without appropriate acknowledgement. Plagiarism can be
detected and has led to students being expelled from the University.
The use by students of any website that provides access to essays or other assessment items (sometimes
marketed as 'resources'), is extremely unwise. Students who provide an assessment item (or provide access to an
assessment item) to others, either directly or indirectly (for example by uploading an assessment item to a
website) are considered by the university to be intentionally or recklessly helping other students to cheat.
Uploading an assessment task, subject outline or other course materials without express permission of the
University is considered academic misconduct and students place themselves at risk of being expelled from the
University.
Students should visit the following University website and become familiar with the University's policy on
plagiarism https://www.uow.edu.au/about/policy/UOW058648.html
Plagiarism Prevention
The Faculty of Business and Law has introduced an e-learning module which aims to orientate you with the
knowledge and resources to:



avoid problems related to plagiarism
develop your capacity to integrate evidence into your arguments
reference correctly.
The online module is openly available for use by students at any stage in their degree. You are strongly
encouraged to use the module to help in assessing the academic integrity of your written work. The module can
be accessed via https://moodle.uowplatform.edu.au/course/view.php?id=5679
Referencing
The Author-Date (Harvard) referencing system should, unless otherwise specified for a particular assessment
(check Details of Assessment Tasks), be utilised. A summary of the Harvard system can be accessed on the
Library website at: http://uow.libguides.com/refcite.
FIN 111 Subject Outline
Autumn, 2023
Page 16 of 17
Section C: General Advice for Students - Policies and
Procedures
For general information on university policies and procedures relevant to students, and for details about the
range of Student Services available, please see Student Resources, Policies and Procedures which can be
accessed online at https://www.uow.edu.au/business-law/current-students/policies-and-procedures/
FIN 111 Subject Outline
Autumn, 2023
Page 17 of 17