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