UOW College Hong Kong

Faculty of Business
BUS20269 Financial Management
Semester B 2020/21

Lecturer/Tutor Consultation
Office and E-mail Zoom
Hours* Phone Meeting ID
Mr. Toby Butt Thu 10:00-12:00
FW401-01 mkbutt@uow.edu.au 5526111382
(Course Examiner) 3442 4969
Mr. James Wong Tue 15:00-16:00 FW401-26 wongj@uow.edu.au 8095954781
(Lecturer and Tutor) Fri 15:00-16:00 3442 5977
Mr. Tommy Yu Wed 15:00-16:00 FW435 tat@uow.edu.au 3342090867
(Tutor) Thu 16:00-17:00 3442 6924
*Please make appointment by email at least one day in advance

Course Aims
Provide students with some fundamental concepts of modern financial management theory
relevant to making operating and investment decisions. The course also introduces some of the
core financial management and decision making techniques used in the business world.

Course Intended Learning Outcomes (CILOs)

Upon successful completion of this course, students should be able to:

1. Describe the financial environment, agency costs, the goals of the participants, and the basic
structure of Hong Kong financial and banking systems
2. Explain working capital policies and apply working capital management tools
3. Apply the concepts of risk-return trade-off and time value of money in financial management
decisions, and in stock, bond, and asset valuation;
4. Describe the meaning & implications of efficient capital markets;
5. Evaluate competing sources, uses and costs of finance available to corporations in corporate
financing decisions;
6. Evaluate corporate investment decisions using capital budgeting techniques with
consideration to ethics and corporate governance.

Academic Honesty
(Extracted from the ‘Rules of Academic Honesty for UOWCHK students’, available at the College webpage of Rules and
Regulations)
Academic honesty is central to the conduct of academic work. Students are expected to present
their own work, give proper acknowledgement of other’s work, and honestly report findings
obtained. Academic dishonesty is regarded as a very serious offence in UOWCHK. Any related
offence will lead to disciplinary action with a penalty including expulsion from UOWCHK and
debarment from re-admission.

Rules on Academic Honesty for students:

https://www2.uowchk.edu.hk/stud_home/stud_rules/rules_acad_honesty.pdf

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Teaching Schedule (Lectures and Online Quizzes)

Week Unit Topics Reading Aligned

(Chapters) CILO
1 1 Introduction to Financial Management Chapter 1 & 6 1
Business Organizations, Financial Markets (p.178-p.191)
and Institutions
2 2 Reviewing and Analyzing Financial Chapter 2 & 3 1
Statements
Financial Statements Components and
Ratio Analysis
3 3 Time Value of Money & Valuation of Chapter 4 & 5 3
Future Cash Flows
Analyzing Single Cash Flows and Annuity
Cash Flows
4 4 Valuing Bonds Chapter 6 3
Interest Rate and Bond Valuation (p.191-p.211) & 7
5 5 Valuing Stocks Chapter 8 3, 4
Equity Market and Stock Valuation
6 6 Risk and Return (I) Chapter 9 3
Characterizing Risk and Return
7 Revision and Consultation (Lecture and
Tutorial)

7 Online Quiz 1 (6 Mar, 2021, Saturday 09:30 – 10:30) – covers Unit 1 – 5

8 7 Risk and Return (II) Chapter 10 3

Estimating Risk and Return
9 8 Capital Budgeting Chapter 13 6
NPV and Other Investment Criteria
10 9 Working Capital Management and Chapter 14 2
Policies
Net Working Capital, Short Term
Financing, Cash Management and Credit
Management

10 Online Quiz 2 (27 Mar, 2021, Saturday 09:30-10:30) – covers Unit 6 - 8

11 10 Long-Term Financing (I) Chapter 11 5

Cost of Capital
12 11 Long-Term Financing (II) Chapter 16 5
Financial Leverage and Capital Structure
13 Final Revision and Consultation

Time-limited exercise (5 May, 2021, Wednesday 09:30-12:30) – covers all units

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Assessment Tasks/Activities (ATs)
(ATs are designed to allow students to demonstrate how well they have achieved the CILOs.)

AT Brief Description CILO No. Weighting

(%)
1 2 3 4 5 6
a. Assignment A total of 10 written assignments to be       15
(Individual) submitted individually to reinforce
students’ understanding of financial
management theories, concepts, and
calculation. (1.5 marks each x 10)

b. Group Students are split into groups and      15

project make presentation and lead discussion
presentation once in the semester
c. Online MC questions assess advanced      30
quizzes 1 & 2 learning results of analysis and
application.

Duration: 2 x 1 hour
d. Time-limited 1. Short and/or multiple-choice       40
exercise questions assess students
understanding of concepts and/or
simple applications.
2. Long/Essay type questions aim to
assess students’ ability to
analyze and apply concepts into
different case circumstances.

Duration: 3 hours
The weightings must add up to 100%

A student’s final mark in a course will be the aggregate of the results from all assessment tasks
according to the percentage weighting of the assessment tasks, leading to the award of a grade.

Prescribed textbook
Cornett, Adair & Nofsinger (2020). Finance: Applications and Theory (5th Ed.). McGraw Hill
Education.

References
Brooks (2019). Financial Management: Core Concepts (4th Ed.), Pearson.

Frino, Hill and Chen (2014). Introduction to Corporate Finance (5th Ed.), Pearson.

Ross, Westerfield, Jordan, Wong and Wong (2015). Essentials of Corporate Finance: Asia Global
Edition, (1st Ed.). McGraw Hill Education.

Financial Calculator
Model: TI BAII Plus / TI BAII Plus Professional
Mobile App emulator is available, detailed information is provided in the Moodle site.

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Group Presentation (15%)
Each tutorial group has nine tutorial teams, with each team has two to four members, formed on a
voluntary basis. Each team will chair one session of presentation and discussion. The presentation
carries 15 marks. The presenting groups are expected to lead the discussion questions, and explain
their answers with illustration for problems and applications exercises. The group should hand in
a soft copy of power-point slides with at least 20 slides, which show steps for calculation and
explanation for presentation at the beginning of the tutorial. Each presentation takes around 30
minutes

Suggested presentation time allocation:

Presentation 20mins
Discussion with other classmates and tutor 10mins
Total: 30mins

20 minutes presentation:
The presenting teams have to lead the discussion of questions, and explain their answers with
illustrations for problems and applications exercises. They should develop their own methods in
resolving the problems; that is, copying from any sources is strictly prohibited.

10 minutes discussion:
The group should make use of this section to facilitate the learning of other students in the related
chapter. You may have a mini-lecture on the selected topic, or applying the related concepts in a
real-world situation.

Individual assessment in group presentation:

Students have to declare percentage contribution in the marksheet, to state whether workload was
evenly distributed. Marks of less contributed students will be adjusted downward proportionally.
Students’ marks will be assessed individually. Student can get a higher mark than his/her team
members due to better presentation skills, analysis, Q&A performance based on the criteria stated
in the rubrics.

Marking criteria:
Please refer to the tutorial presentation rubrics at the end of this outline. You have to email the
assignment cover sheet AND the assessment form for your tutor to grade your presentation.
Complete and sign the forms by all members.

There is no make up for the presentation. In case of absent with legitimate reason, you are required
to provide supporting documents and marks will be deducted. If there is insufficient evidence of
contribution in the presentation report, no mark will be given.

Turnitin File Title: Day_Time_Group.pptx (e.g. Monday_9am_GroupA.pptx )

Submit to the Turnitin box in the Moodle site.

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Tutorial Schedule:
Week Unit Chapter Presentation Submission of
Group Tutorial Assignment
1 Introduction and Grouping / /
2 1 Chapter 1 & 6 (p.178-p.191) / /
3 2 Chapter 2 & 3 (Financial
/ 1
Statements)
4 3 Chapter 4 & 5 (Time Value of
1 2
Money)
5 4 Chapter 6 (p.191-p.211) & 7
2 3
(Bond Valuation)
6 5 Chapter 8 (Stock) 3 4
7 Revision (for online quiz 1)
8 6 Chapter 9 (Risk & Return I) 4 5
9 7 Chapter 10 (Risk & Return II) 5 6
10 8 Chapter 13 (Capital Budgeting) 6 7
11 9 Chapter 14 (Working Capital) 7 8
12 10 Chapter 11 (Cost of Capital) 8 9
13 11 Chapter 16 (Capital Structure) 9 10

Individual Assignments – Written (15%)

Each student should work on all the assigned tutorial questions and submit individual work with the
Assignment Cover Sheet to Turnitin before the tutorial class begin. All the work should be in your own
hand writing.
Turnitin File Title:
Day_Time_week_Name.docx / jpg
(e.g. Monday_9am_week3_ChanTaiMan.docx / jpg )
Submit to the Turnitin box of your corresponding tutor.

Tutorial Questions

Week Unit Questions(“Q”) and Problems(“P”) Presentation

(at the back of each chapter of the prescribed textbook) Group
2 1 Introduction to Financial Management
Q1-2, Q1-5, Q1-6, Q1-10(give examples), Q1-12, Q1-16, Q6-1
/
& Q6-2

3 2 Reviewing and Analyzing Financial Statements

Q2-8, Q2-14, P2-13, Q3-2, Q3-3, P3-26 /

4 3 Time Value of Money & Valuation of Future Cash Flows

Q4-4, P4-14, P4-26, P4-41, P5-24, P5-51,
1
Combined Problem (Ch.5, p.175): P4&5-6

5 4 Valuing Bonds
Q6-12, Q7-4, Q7-6, Q7-8, Q7-9, P7-1, P7-13, P7-25, P7-27 2

6 5 Valuing Stocks
Q8-10, P8-11, P8-21, P8-23, P8-26, P8-27, P8-33 3

7 Revision (Online Quiz 1)

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 8 6 Risk and Return (I)
Q9-3, Q9-4, Q9-7, Q9-8, Q9-10, P9-7, P9-16, P9-17, P9-26 4

9 7 Risk and Return (II)

Q10-9, Q10-14, Q10-18, P10-6, P10-7, P10-15, P10-19, P10-21 5

10 8 Capital Budgeting (Online Quiz 2)

Q13-1, 1 P13-1, P13-5, P13-7, P13-9, P13-12, P13-14, P13-16 6

11 9 Working Capital Management and Policies

Q14-3, Q14-6, Q14-22, P14-2, P14-7, P14-15, P14-20, P14-24 7

12 10 Long-Term Financing (I)

Q11-3, Q11-5, P11-2, P11-4, P11-7, P11-20, P11-26, P11-28 8

13 11 Long-Term Financing (II)

Q16-2, Q16-10, P16-1, P16-3, P16-7, P16-14 9

Online Quizzes 1 and 2 (30%, 15% each)

Quiz 1 covers unit 1-5 and Quiz 2 covers unit 6-8. The quizzes are in the format of multiple choice
questions and/or short questions. If you are not able to attend the test due to extenuating
circumstances such as illness, hospitalization, accident, family bereavement or other unforeseeable
serious personal or emotional circumstances, or if you experience any technical problem, you can
apply for the make-up test by seeking the approval from the course examiner within 5 days after
the test and provide related evidence (such as medical certificate for sick leave on the date of test
or the video capture of system failure).

Online Quiz 1:
Date: 6 March 2021 (Sat)
Time: 09:30am to 10:30 am
Online Quiz 2:
Date: 27 March 2021 (Sat)
Time: 09:30am to 10:30 am

Platform of online quizzes: BUS20269 Moodle site

Time-limited exercise (40%):

A three-hour time-limited exercise (including multiple choice, short and/or long essay questions)
will be held to assess students’ ability to apply concepts and theories with analytical skills in
practical implications.
Date: 5 May 2021 (Wed)
Time: 09:30am to 12:30 pm
Platform of online time-limited exercise: BUS20269 Moodle site

Late submission of assessment:

Assessments must be submitted to Turnitin before the due date. 10% discount of mark will be
deducted per every 24 hours. Maximum penalty: 100% deduction of the assessment task. Student’s
score would not turn negative even late for more than 10 calendar days. This policy does not apply
to the time limit exercise.

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Procedures for the return and retention of assessed work:
All assessed work will be kept by the teaching staff. Feedback on performances of tasks will be
provided by tutor or through Moodle grade platform.

Referencing system:
APA format or Harvard referencing system.

Academic Regulations on Illness or other Circumstances Affecting Assessment:

If you are not able to attend an examination or in-course assessment (e.g. assignments, projects,
essays, tests, etc.) contributing a weighting of 20% or above to the assessment of a course due to
extenuating circumstances such as illness, hospitalization, accident, family bereavement or other
unforeseeable serious personal or emotional circumstances, you need to inform the Faculty
Office of Faculty offering this course. Please refer to the Extenuating Circumstances Affecting
Assessment (Examination/Coursework) for details:
https://www.uowchk.edu.hk/current-students/extenuating-circumstances-affecting-assessment-
examinationcoursework/
Application Form for Extenuating Circumstances:
https://www2.uowchk.edu.hk/stud_home/extenuating_circumstances_form.docx

Formula for determining the final course grade

A student’s final mark in a course will be the aggregate of the results from all assessment tasks
according to the percentage weighting of the assessment tasks, leading to the award of a grade.

7
 UOW College Hong Kong

FACULTY OF BUSINESS
Assignment Cover Sheet

Assignment: __________________________________________
Week No.: ___________

Programme: ________________________
Course: Financial Management
Course Code: BUS 20269
Tutor: ________________________

Student Name:
1.__________________2.__________________3._______________
Student Number:
_______________________________________________________
Submission Date:
_______________________________________________________

Plagiarism Declaration
I/We understand that Plagiarism is regarded as a very serious offence in UOWCHK. Any related
offence will lead to disciplinary action.

I/We declare that, to the best of my knowledge and belief, this assignment is my own work, all
sources have been acknowledged and the assignment contains no plagiarism.

I/We further declare that I/we have NOT previously submitted this work or any version / part of it
for assessment in any other course offered by UOWCHK or any other education institution in
Hong Kong or overseas. If a clear case of plagiarism is found, penalties may include failure for
this course, suspension from study, expulsion from UOWCHK, and debarment from re-admission

Signature: ______________________________________________

Date: _____________________________________________

8
UOW COLLEGE HONG KONG

FACULTY OF BUSINESS
BUS20269 Financial Management: Group Presentation Assessment Form
Tutorial: ______________
Group: ______________
Week: ______________
Declaration:

All group members are contributed equally: YES / NO

Member 1: ______________________________ (Name) _____________ (SID) ______________ (Sign)

Member 2: ______________________________ (Name) _____________ (SID) ______________ (Sign)

Member 3: ______________________________ (Name) _____________ (SID) ______________ (Sign)

If not, specific the percentage contribution of individual member (total 100%):

Member 1: ___% / Member 2: ___% / Member 3: ___%

Assessment Criteria: Refer to the rubrics (next page)

Outcome/Skills Member 1 Member 2 Member 3

Demonstrate the

competence stated in
AB C D F AB C D F AB C D F
the CILOs. (50%)

Organisation (10%) AB C D F AB C D F AB C D F

Presentation quality
AB C D F AB C D F AB C D F
(10%)

Presentation skill
AB C D F AB C D F AB C D F
(10%)

Interaction with
AB C D F AB C D F AB C D F
audience (10%)

Time control (10%) AB C D F AB C D F AB C D F

Overall AB C D F AB C D F AB C D F

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 BUS20269 Financial Management
Tutorial Presentation Assessment Rubrics Form

Marking Fail Marginal Adequate Good Excellent

Criteria (CILOs)
F D C+, C, C- B+, B, B- A+, A, A-
Content and Application 0-14 15-24 25-34 35-44 45-50
of Concepts
(CILOs) (50%)

1. Describe the Unable to Barely Moderately Able to describe Insightfully describe

financial describe the describe some of describe some of most of the the financial
environment, agency financial the financial the financial financial environment,
costs, the goals of the environment, environment, environment, environment, agency costs, the
participants, and the agency costs, agency costs, the agency costs, the agency costs, the goals of the
basic structure of the goals of the goals of the goals of the goals of the participants, and the
Hong Kong financial participants, participants, and participants, and participants, and basic structure of
and banking systems and the basic the basic the basic structure the basic structure HK financial and
structure of HK structure of HK of HK financial of HK financial banking systems
financial and financial and and banking and banking
banking banking systems systems systems
systems
2. Explain working Unable to Barely explain Somewhat Comprehensive in Very comprehensive
capital policies and explain the the working comprehensive in explaining the in explaining the
apply working capital working capital capital policies explaining the working capital working capital
management tools. policies and and apply working capital policies and apply policies and apply
apply working working capital policies and apply working capital working capital
capital management working capital management tools management tools
management tools management tools
tools
3. Apply the concepts Unable to apply Fair ability to Moderate ability Good ability to Excellent ability to
of risk-return trade- the concepts of apply the to apply the apply the concepts apply the concepts
off and time value of risk-return concepts of risk- concepts of risk- of risk-return of risk-return trade-
money in financial trade-off and return trade-off return trade-off trade-off and time off and time value
management time value of and time value and time value of value of money in of money in
decisions, and in money in of money in money in financial financial
stock, bond, and asset financial financial financial management management
valuation management management management decisions, and in decisions, and in
decisions, and decisions, and in decisions, and in stock, bond, and stock, bond, and
in stock, bond, stock, bond, and stock, bond, and asset valuation asset valuation
and asset asset valuation asset valuation
valuation
4. Describe the Unable to Only barely Moderately Able to describe Insightfully describe
meaning & describe describe describe efficient efficient capital efficient capital
implications of efficient capital efficient capital capital markets markets and its markets to a great
efficient capital markets and its markets and its and its effects effects extend
markets effects effects

5. Evaluate Poor command Show marginal Moderately Able to evaluate Detail evaluate the
competing sources, of evaluating command of evaluate the the sources & costs sources & costs of
uses and costs of the sources & evaluate the sources & costs of different finance different finance
finance available to costs of sources & costs of different available to available to
corporations in different of different finance available corporations corporations
corporate financing finance finance available to corporations
decisions available to to corporations
corporations

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6. Evaluate corporate Cannot apply Show marginal Provide sufficient Good ability to Excellent ability to
investment decisions any evaluation command of evaluation of evaluate corporate evaluate corporate
using capital of corporate evaluate corporate investment investment
budgeting techniques investment corporate investment decisions using decisions using
with consideration to decisions using investment decisions using capital budgeting capital budgeting
ethics and corporate capital decisions using capital budgeting techniques with techniques with
governance. budgeting capital techniques with consideration to consideration to
techniques with budgeting consideration to ethics and ethics and corporate
consideration to techniques with ethics and corporate governance
ethics and consideration to corporate governance
corporate ethics and governance
governance corporate
governance
Organisation 0-2 3-4 5-6 7-8 9-10
(logical / clear flow /
audience can follow /
Messy contents Organisation Organisation Organisation Very clear
coherence of
with or no structure is structure is quite structure is easy organisation
arguments)
organisation somewhat clear follow structure that
(10%)
structure unclear enhances
understanding
Presentation 0-2 3-4 5-6 7-8 9-10
Quality (appropriate
no. of slides /
appropriate font size / -Too many or -Many or -No. of slides of -No. of slides well -No. of slides are
proper use of audio & less no. of insufficient no. sufficient amount prepare for the very appropriate for
visual aid, graphics slides of slides -Fair enough in content the content
and animation) -Very -Inappropriate font size -Font size large -Font size is easy to
(10%) Inappropriate font size -Visual aids could enough read
font size -Visual aids be improved -Visual aids used -Visual aids used
-Visual aids poorly used adequately very well
very poorly
used
Presentation Skills 0-2 3-4 5-6 7-8 9-10
(pronunciation / clear
speech / eye contact
to audience / team -Voice not heard -Pace too fast or -Pace a bit too -Pace just right, -Pact just right,
spirit / fluency in -No eye contact slow, voice too fast or slow, little quite good good variation in
English) -Lots of loud or soft variation in tone variation in voice voice and tone
(10%) distracting -Little eye -Some eye and tone -Good eye contact
gestures contact contact -Adequate eye -No distracting
-Long halting -Some Few distracting contact gestures
delivery distracting gestures -Very few -Fluent delivery
-Reading from gestures -Somewhat distracting gestures -Seldom reading
notes -Halting halting delivery -Smooth delivery from notes
completely delivery -Reading from -Limited reading
-Reading from notes frequently from notes
notes mostly
Interaction with 0-2 3-4 5-6 7-8 9-10
Audience
(interaction /
questions raised to No effort to Some effort but Some effort and a Most effort and Substantial effort
the audience / engage unable to engage bit able to engage quite able to and very able to
response from audience audience audience engage audience engage audience
audience)
(10%)
Time Control 0-2 3-4 5-6 7-8 9-10
(overrun / time
management on
different section) >10 mins +/- 8 mins +/- 5 mins +/- 30mins 3 mins +/- 30mins Exact 30 mins
(10%) 30mins 30mins Poor allocation of Fair allocation of Good allocation of
time for different time for different time for different
questions questions questions

*Remarks: Students’ performance with different contribution in the group presentation

will be based on the self-reflection of contribution percentage.

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