FIN222 S12021 SUBJECT OUTLINE

School of Accounting, Economics and Finance

FIN 222: Corporate Finance

Subject Outline

Subject Information

Session 1, 2021

Offshore Campus (INTI International College Subang)

Lecture Information:
To be Announce

Pre-requisites: FIN 111 and ACCY111
Co-requisites: Nil
Restrictions: None
Contact Hours: 3 hours lecture and 1 hour tutorial

Teaching Staff Coordinator, Lecturer and Tutor
Ms. Masrina Nadia Mohd Salleh
Teaching Role masrina.salleh@newinti.edu.my / nsalleh@uow.edu.au
Name To be advised
Email
Consultation Times

FIN 222 Corporate Finance Session 1, 2021 Page 1 of 16

Email Etiquette: Consultation with your subject coordinator and/or teachers via email

Your teachers receive many emails each day. In order to enable them to respond to your emails appropriately and in a
timely fashion, students are asked to observe basic requirements of professional communication:

Consider what the communication is about

• Is your question addressed elsewhere (e.g. in this subject outline or, where applicable, on the subject's
eLearning site)?

• Is it something that is better discussed in person or by telephone? This may be the case if your query requires a
lengthy response or a dialogue in order to address. If so, see consultation times above and/or schedule an
appointment.

• Are you addressing your request to the most appropriate person?

Specific email title/ header to enable easy identification of subject related/ student emails

• Identify the subject code of the subject you are enquiring about (as your teacher may be involved in more than
one subject) in the email header. Add a brief, specific header after the subject code where appropriate

Professional courtesy

• Address your teacher appropriately by name (and formal title if you do not yet know them).
• Use full words (avoid 'text-speak' abbreviations), correct grammar and correct spelling.
• Be respectful and courteous.
• Academics will normally respond within 1-2 business days. If the matter is urgent, you may wish to telephone

the teaching staff whose contact details are given in this subject outline or contacting the School.
• Please ensure that you include your full name and identify your seminar or tutorial group in your email so that

your teachers know who they are communicating with and can follow-up personally where appropriate.

A guide to eLearning 'Netiquette' is available at https://www.uow.edu.au/student/elearning/netiquette/index.html. The
basic principles of Netiquette also apply to email communication.

Copyright

Commonwealth of Australia

Copyright Regulations 1969

© 2021 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 222 Corporate Finance Session 1, 2021 Page 2 of 16

Table of Contents

Section A: General Information............................................................................................................. 4
Learning Outcomes............................................................................................................................. 4
Course Learning Outcomes ............................................................................................................. 4
Student Learning Outcomes ............................................................................................................ 4
Subject Description ......................................................................................................................... 4
Major Text(s) .................................................................................................................................. 5
Key References .............................................................................................................................. 5
Additional Materials ...................................................................................................................... 5
Lectures, Tutorials and Attendance Requirements ................................................................................ 6
Lecture Times * .............................................................................................................................. 6
Lecture Program *........................................................................................................................... 6
Tutorial Program ............................................................................................................................. 7
Additional Tutorial/Seminar/Workshop Comments............................................................................. 7
Attendance Requirements - Participation/Contribution to Lectures/Tutorials/Seminars/Workshops ....................... 8
Recent Improvements to Subject...................................................................................................... 8
Extraordinary Changes to the Subject Outline.................................................................................. 8
Learning Analytics ............................................................................................................................ 8
Updates to Subject.............................................................................................................................. 8

Section B: Assessment......................................................................................................................... 9
Assessment Summary ........................................................................................................................ 9
UOW Grade Descriptors.............................................................................................................. 11
Assessment Learning Outcome Matrix ............................................................................................... 12
Minimum Performance Requirements............................................................................................. 12
Types of Assessment and Collaboration ........................................................................................ 13
Submission, Retention and Collection of Written Assessment....................................................... 13
Submitting Assessment Tasks ................................................................................................... 13
Extensions .................................................................................................................................. 13
Faxing, Posting and Emailing Assessment Work ....................................................................... 14
Late Submission of Assessment Tasks ...................................................................................... 14
Collection.................................................................................................................................... 14
Retention .................................................................................................................................... 14
Scaling............................................................................................................................................ 14
Supplementary Assessment ........................................................................................................... 14
Student Complaints Policy.............................................................................................................. 14
Assessment Quality Cycle .............................................................................................................. 14
Assurance of Learning (What will students learn in their degree?) ................................................ 15
Academic Integrity.......................................................................................................................... 15
Plagiarism Prevention................................................................................................................. 15
Referencing .................................................................................................................................... 15
Why do you need to reference? .................................................................................................. 15
The Harvard System of Referencing ........................................................................................... 16

Section C: General Advice for Students - Policies and Procedures .................................................... 16
Library Services ................................................................................................................................ 16

FIN 222 Corporate Finance Session 1, 2021 Page 3 of 16

Section A: General Information

Learning Outcomes

Course Learning Outcomes

Course Learning Outcomes can be found in the Course Handbook
https://www.uow.edu.au/handbook/yr2016/index.html.

Student Learning Outcomes

On successful completion of this subject, students will be able to:

1. Demonstrate an understanding of how financial systems work and calculate the value of different types of cash
flow streams including financial assets such as shares and bonds.

2. Demonstrate an understanding of risk, return and the Capital Asset Pricing Model and be able to quantify risk
and return and calculate the cost of equity.

3. Evaluate the value of productive assets using a range of capital budgeting techniques.
4. Calculate the cost of capital and other quantitative measures used in working capital management decision.
5. Compute, interpret and apply diverse quantitative measures in making an optimal and socially responsible

investment decision.
6. Explain capital structure and dividend policy and their impact on the value of a company.

Subject Description

The objective of this subject is to provide an introduction to the fundamental quantitative t echniques and underlying
concepts and theories in investment, financing and working capital management decisions facing corporations. For
students to successfully complete this subject, students are required to be able to compute, interpret and apply a range of
quantitative measures in order to assist in making optimal financial decisions as well as understand the fundamental
concepts and theories in finance. The main topics covered in this subject include financial mathematics, valuation of
financial and productive assets, risk and return, cost of capital, working capital management, capital structure and
dividend policy.

FIN 222 Corporate Finance Session 1, 2021 Page 4 of 16

Readings, References and Materials

Major Text(s)

Berk, J, Demarzo, P, Harford, J, Ford, G, Mollica, V & Hull, J 2019, Fundamentals of Corporate Finance with
MyFinanceLab: Global Edition, 4th edition, Pearson, Harlow, United Kingdom

Key References

Brealey, RA, Myers, SC & Allen, F 2016, Principles of Corporate Finance, 12th edn, McGraw-Hill.

Parrino, R, Au Yong, HH, Dempsey, M, Morkel-Kingsbury, N, Ekanayake, S, James, J & Murray, J 2019,
Fundamentals of Corporate Finance, 3rd edn, Wiley

Ross, SA, Trayler, R, Bird, R, Westerfield, RW & Jordan, BD 2017, Essentials of Corporate Finance, 4th edn,
McGraw-Hill.

This is not an exhaustive list of references. Students should also use the library catalogue and databases to locate
additional resources.

Additional Materials

Spreadsheets and Calculators
All accounting and finance subjects involve problems requiring calculation. Many of these can be solved using a scientific
calculator (addition, subtraction, division, multiplication, powers, square roots, logarithms and exponentials, statistical
functions) and students should make sure they have access to such a calculator at the beginning of each subject. Students
will also find a range of statistical, scientific and financial functions in electronic spreadsheets like Microsoft Excel, an d
these are useful for the preparation of submitted work where manual calculation is not strictly required or recommended.
However, students should also consider purchasing a financial calculator. These offer nearly all of the functions found in
scientific calculators, as well as compound interest and discounting, amortization, bond yields and investment appraisal
functions (including net present value and the internal rate of return). Students will find these are of great benefit in their
studies and their future careers.

Be advised that any calculator used in tests and examinations must be approved by the university. See the list of eligible
models from the following link.
http://www.uow.edu.au/content/groups/public/@web/@gov/documents/doc/uow123705.pdf

FIN 222 Corporate Finance Session 1, 2021 Page 5 of 16

Lectures, Tutorials and Attendance Requirements

Lecture Times *

Lectures will be held on:

Day Start Time End Time Room
Monday 8.00 10.00 Online

Lecture Program *

No Topics Covered Readings from Major Text:

1 Introductory week All readings are from the major text, Berk et al
(2019, custom edition).
2 Time Value of Money: Valuing Cash Flow Streams
Chapter 4
3 Interest Rates
Bond Valuation Chapter 5 & 6

4 Share Valuation Chapter 7
Chapter 11 & 12
5 Risk and Return Chapter 8
Chapter 9
6 Investment Decision Rules
No Lecture and tutorial this week
7 Fundamentals of Capital Budgeting Chapter 13
Chapter 19
8 Mid-Session Review Chapter 16
Chapter 17
9 Mid-session Exam Chapter 20 & 21

10 Cost of Capital

11 Working Capital Management

12 Capital Structure

13 Payout Policy

14 Introduction to Derivatives

15 Final Assessment Review

16 Revision Week

17 Examination

* The above times and program may be subject to change. Students will be notified of any change via SOLS.

FIN 222 Corporate Finance Session 1, 2021 Page 6 of 16

Lectures will be held on:

Day Start Time End Time Room
Friday 11.00 12.00 Online

Tutorial Program

No. Topics Covered Readings and Activities

1 Introductory Week - All tutorial questions can be found at the end of each chapter of
No tutorials in week 1. the prescribed textbook. All readings are from the major text,
Berk et al (2019, custom edition).
RQ:Review Questions
P:Problems PQ: Practical Questions

2 Time Value of Money: Valuing Cash Readings: CH 4

Flow Streams CH4: P7,8,10,17(a to d),20,27,34

3 Interest Rates Readings: CH 5&6
Bond Valuation CH5: P5,23
CH6: P4,6,7,14,15,22,24,26

4 Share Valuation Readings: CH 7
CH7: P1,4,6,7,12,13,14,15,16,19

5 Risk and Return Readings: CH 11&12
CH11: RQ 8,12,13 P12,13,14
CH12: P2,7,12,13,24,26,28

6 Investment Decision Rules Readings: CH 8
CH8: RQ3,5 P6,9,10(a),16,23,25,26,31

7 Fundamentals of Capital Budgeting Readings: CH9
CH9: P7,9,13,16,18,19,22,25

8 Mid-Session Review

9 Mid-session Exam No Tutorial

10 Cost of Capital Readings: CH13
CH13: RQ3 P6,7,8,11,12,13,15,16,17,18,19,20,23

11 Working Capital Management Readings: CH19
CH19: RQ2 P1,2,3,6,7,12,13,14,15,17

12 Capital Structure Readings: CH16
CH16: RQ7 P3(a,b,c),5,6,9,12(a,b),15,21

13 Payout Policy Readings: CH17
CH17:RQ9,11 P2,3,4,7,10,22,23(a,c),24(a,c),25

14 Introduction to Derivatives Readings: CH 20&21
CH20: RQ1,2,3,4,5 P1,2,8
CH21: PQ13,14,15,20,21,31

15 Final Assessment Review

16 Revision Week

17 Examination
*The above program may be subject to change.

Additional Tutorial/Seminar/Workshop Comments

Please note that the above program may be subject to change. Any changes for any particular week, will be announced
in prior lectures as well as via Moodle site for this subject.

FIN 222 Corporate Finance Session 1, 2021 Page 7 of 16

Attendance Requirements - Participation/Contribution to
Lectures/Tutorials/Seminars/Workshops

Students are required to attend a minimum of 80% of tutorials for each subject they take. Attendance that falls below the
80% requirement may require students to complete additional written work to pass the subject. Failure to comply with
the minimum attendance requirement may result in the awarding of a grade of Technical Fail (TF) in this subject.

Students may apply via the Academic Consideration System if their circumstances meet those listed in the Student
Academic Consideration Policy available at https://www.uow.edu.au/about/policy/UOW060110.html

Recent Improvements to Subject

The Faculty of Business 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, feedback through Business Central, 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 proposed amendment, prior to the amendment being finalised.

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

Updates to Subject

The School is committed to continual improvement in teaching and learning. In assessing teaching and learning practices
in a subject, the School takes into consideration student feedback from many sources. These sources include direct student
feedback to tutors and lecturers, feedback through Student Services and Business Central, and responses to the Subject
and Course Evaluation Surveys. These important student responses, along with University policies and Faculty practices
inform ongoing changes to subjects and courses. This information is also used to inform systemic comprehensive reviews
of subjects and courses.

While every effort is made to keep the subject database current, students may find that occasionally, the assessment
information in the subject outline differs from the information on the subject database. In such instances, the Subject
Coordinator will make appropriate announcements in the first class of the session.

FIN 222 Corporate Finance Session 1, 2021 Page 8 of 16

Section B: Assessment
Assessment Summary

Assessment Item Participation Form of Assessment %
Assessment 1 Quiz TOTAL MARKS 10%
Assessment 2 Report 20%
Assessment 3 Exam 20%
Assessment 4 50%
100%

Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of
assessment processes.

Past exam papers may be available for student review, subject to release by the library
(https://www.library.uow.edu.au/resourcesbytopic/UOW026643.html). Solutions and marking guides are not included.
The structure and/or content of the papers may change from session to session.

Assessment 1: Participation - Tutorial Preparations

Marking Criteria Tutorial marks will be granted based on weekly homework preparation assessed by
a class tutor.

• Students are required to attempt to answer the assigned tutorial questions
each week

• In 5 randomly selected weeks, students will be asked to submit the
prepared work (in PDF format) to moodle

Length Assessment will be based on the level of efforts put into the process of solving given
problems and not on the correctness of the answers. For each submission (worth 2
Weighting marks), two criteria will be applied: i) the number of parts you have attempted
Assessment Due (marked out of 1) and ii) the quality of preparation (marked out of 1). The maximum
Type of Collaboration you can obtain from criterion ii) varies depending on the portion of questions
Style and format attempted.
Assessment submission
Answers can be typed or neatly written. Answers to calculation questions must
Assessment return contain all workings. If a question contains parts, students should endeavour to
Detailed information answer all parts.

10%

Online submission due the day prior to each tutorial session (11.59 pm)

Individual assessment

Students are required to submit their file in PDF format.

Students are required to check the moodle site regularly to see if homework is due
in the following week.

The marked work will be returned one week after the submission date.

Assessment 2: Quiz – Mid-session Test

Marking Criteria Marks awarded for the most correct response to multiple choice questions.

Length 100 minutes

Weighting 20%

Assessment Due TBC

FIN 222 Corporate Finance Session 1, 2021 Page 9 of 16

Type of Collaboration Individual assessment
Style and format 40 Multiple Choice Questions
Assessment submission The Mid-Session Exam will be an online quiz on Moodle Platform
Assessment return Results will be released on SOLS within 2 weeks of the assessment.
Detailed information Topics to be covered: Chapters 4,5,6,7,11 and 12 (Lectures 1-4)

Assessment 3: Report - Excel Spreadsheet and Report

Marking Criteria The following criteria will be assessed.
i) Collection of financial data from online resources
ii) Analysis of data and production of statistical outputs
iii) Arrival at logical conclusions by demonstrating an understanding of
relevant concepts and theories and correctly interpreting statistical outputs
iv) Accordance with format/printing/submission requirements

Length The manual for this assignment will be released on FIN222 moodle site in Week 5.

Weighting 20%

Assessment Due TBC

Type of Collaboration Individual work

Style and format Excel spreadsheet and Report

Assessment submission FIN222 Students are required to submit soft-copies of the completed assignment.
For the submission of a soft-copy,

• Each student is required to submit one excel file containing Part I of the assignment
and one word file containing Part II of the assignment to Turnitin via
FIN222 Moodle site. Further instructions will be provided in FIN222 Moodle site.

• Failure to submit a soft-copy of your assignment will result in a zero mark for the
Part unsubmitted.

For all students, the following applies.
Each student is required to produce a cover sheet by
accessing https://documents.uow.edu.au/content/groups/public/@web/@gsb/documents/do
c/uow077733.pdf
i) Ensure that you have signed the plagiarism declaration and included your tutorial
information before submission.
ii) Submission via, fax, email or post will not be accepted.
iii) Assessed work handed in late will be penalised by the deduction of 10% of total
marks per day.
iv) Last-minute computer/printer break-down will not be accepted as an excuse for making
a late submission.

Assessment return This assessment has been set up to be checked by Turnitin, a tool which helps you check
Detailed information 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.

TBC

The case study consists of two parts. Part I requires you to work with Excel and aims to take
you through to the basic exercise of computing a company beta together with a range of
other useful statistics. In Part II, you are required to write a report based on your
interpretations of outputs obtained from Part I. In the manual, you will also find out how to
download historical share price and index data from online resources. The manual of this
assignment will be released on FIN222 Moodle site in Week 5.

Assessment 3: Final Assessment Session 1, 2021 Page 10 of 16

FIN 222 Corporate Finance

Marking Criteria Marks awarded for correct technical knowledge and understanding of theoretical concepts.
Length
Weighting TBC
Assessment Due 50%
Type of Collaboration
Style and format TBC
Alternate arrangements are being finalised and will be advised shortly.
Assessment submission
Topics to be covered: Chapters 8,9,11,12,13,16,17,19 and 21 (Lectures 4-12)
More detailed information on FIN222 Final Examination will be provided towards the end
of the session.
ONLINE SUBMISSION

*Subject to changes

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. For more information on the UOW grade descriptors see: https://www.uow.edu.au/curriculum-
transformation/aqc/uowgradedescriptors/index.html

FIN 222 Corporate Finance Session 1, 2021 Page 11 of 16

Assessment Learning Outcome Matrix

Measures - Assessment weighting

Learning Outcomes Tutorial Mid- Excel Final
Preparations session Spreadsheet and Examination

Test Report

Demonstrate an understanding of how financial systems (10%) (20%) (20%) (50%)
work and calculate the value of different types of cash ✔ ✔ ✔ ✔
flow streams including financial assets such as shares and ✔ ✔
bonds. ✔ ✔ ✔
✔ ✔
Demonstrate an understanding of risk, return and the
Capital Asset Pricing Model and be able to quantify risk ✔ ✔
and return and calculate the cost of equity.

Evaluate the value of productive assets using a range of
capital budgeting techniques.

Calculate the cost of capital and other quantitative
measures used in working capital management decision.

Compute, interpret and apply diverse quantitative
measures in making an optimal and socially responsible
investment decision.

Explain capital structure and dividend policy and their
impact on the value of a company.

Minimum Performance Requirements

To be eligible to pass this subject, students must complete all assessment tasks for this subject. In addition, you must
achieve a total mark of 50% or over and obtain a minimum of 50% in the final examination or major piece of assessment
(where there is no final exam).

In accordance with the General Course Rules where a student gains a mark of 50 or greater and does not meet the specified
level in an assessment task required to pass the subject, a Technical Fail (TF) grade for the subject will appear on their
Academic Transcript. Where a Technical Fail is given the following applies:

a. Failure of the subject;
b. a TF without a mark will be granted;
c. a TF will be presented on the student's academic transcript;
d. The allocated mark of 49 will be used as the WAM calculation for subjects at all levels.

Failure to complete all assessment tasks will normally result in failure of the entire subject, other marks
notwithstanding.

FIN 222 Corporate Finance Session 1, 2021 Page 12 of 16

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.

Students who fail a subject may be eligible for a supplementary exam depending on the final mark obtained for the subject
and the final exam mark, or for other extenuating circumstances as approved by the relevant Head of School and Faculty
Assessment Committee in line with University of Wollongong and Faculty of Business guidelines. Students who believe
they may be eligible, and who have not already been advised accordingly, should consult their lecturer or subject
coordinator.

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 - 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. 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

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.

If a student does not attend a required in-session test/examination, and also fails to produce satisfactory medical or other
reasons for this (See Section C: General Advice for Students), a deferred examination will NOT be offered, and the
student may be deemed to have failed the subject, other marks notwithstanding.

Submitting Assessment Tasks

Students are required to submit original work which will provide a basis for the certification of competence in this subject.
These assessments may include: examinations, tests, take-home examinations, quizzes, assignments, essays, laboratory
reports, demonstrations, folio of creative works, performances, tutorial presentation and participation.

A Faculty of Business assignment cover sheet must be attached to each piece of written assessment task. 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

FIN 222 Corporate Finance Session 1, 2021 Page 13 of 16

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

Faxing, Posting and Emailing Assessment Work

Students may not e-mail, post or fax assessment tasks unless specifically requested by or with the prior approval of the
subject coordinator.

Late Submission of Assessment Tasks

Assessed work submitted late will be penalised by the deduction of 10 percent of the maximum possible mark fo r that
assessment per working day or part thereof. The operation of this rule will not result in a negative mark being carried
forward.

This penalty for late submission may be waived upon presentation of a medical certificate of illness for a relevant per iod,
or upon evidence of untoward or approved circumstances that fall under the Student Academic Consideration Policy (See
Section C: General Advice for Students).

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 retains records of student 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 or part of any assessment task, including an examination may be subject to scaling
at the end of the session. Marks will be scaled only when unpredicted circumstances occur and in order to ensure fairness
of marking across groups of students. The method of scaling will depend on the type of scaling required by the
circumstances. When scaling is deemed necessary, it will follow a detailed consideration by the Unit Assessment
Committee and/or the Faculty Assessment Committee of the marks of the group of students concerned. Scaling will not
affect any individual student's rank order within their cohort. For more information please refer to Standards for the
Finalisation of Student Results Schedule 1: Scaling Guidelines https://www.uow.edu.au/about/policy/UOW039331.html
for details.

Supplementary Assessment

Supplementary assessment 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 Exams refer to:
http://www.uow.edu.au/student/exams/aboutsupp/index.html

Student Complaints Policy

In accordance with the Coursework Student Academic Complaints Policy, 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. Refer to the Coursework Student Academic Complaints Policy for further
information - http://www.uow.edu.au/about/policy/UOW058653.html

Assessment Quality Cycle

FIN 222 Corporate Finance Session 1, 2021 Page 14 of 16

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 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 assessm ent 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 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

Why do you need to reference?

At university it is necessary to acknowledge the sources of information and ideas that you have incorpora ted in your
assessment tasks. Failure to do this thoroughly may result in accusations of plagiarism: this is the academic equivalent of
stealing (because by not acknowledging someone else's work, you are presenting it as your own). Plagiarism is taken very
seriously by the University and may result in expulsion from the University.

Referencing is not only about acknowledging other people's work; accurate referencing and lists of references are
beneficial when researching a topic as they allow the reader to follow up information and read further in the area. In a

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sense, references provide readers with clues to help them explore different avenues of a topic. This aspect of referencing
will become more valuable to you as you progress in your studies.

There is a correct procedure that must be followed when referencing and using footnotes. Not complying with these set
techniques and format will most likely result in loss of marks. When writing an essay it is easiest to reference as you go,
making sure you are writing down all relevant information. This will save hours trying to find the source again in the
library.

The Harvard System of Referencing

The Faculty of Business uses the Harvard system of referencing. This system makes use of short references within th e
body of the text. It is supplemented by a detailed list of references at the end of the text, which provides all the informat ion
necessary to find the source material. In-text references include the author and year of publication, and where necessary
the page number(s).

It is necessary for students to reference all sources used in their written work, including file transfer protocol sites,
worldwide web sites, telnet sites, synchronous communications (MOOs, MUDs, IRC, etc.) GOPHER sites, email, Listserv
and Newsgroup citations.

It is the responsibility of students to ensure that they are familiar with the Harvard system of referencing and with the
accepted Faculty of Business practice for referencing electronic material and that they use it accurately in all written work
submitted. Students should consult the following University Library website for a detailed explanation of the Harvard
system of referencing and examples of how to reference electronic material: http://uow.libguides.com/refcite/uowharvard

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/current-students/student-resources/policies-and-procedures/. Hard copies of this
information can be obtained from Business Central.

Library Services

Library services are available at the main block 5th Floor. Enquiries can be made by phone 03-56232800 or visit the library
website: http://library.inti.edu.my/library/custom/home.jsp for more information

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