KINGS OWN INSTITUTE*

Success in Higher Education

FIN201 INVESTMENT MANAGEMENT T217

All information contained within this Subject Outline applies to all students enrolled in the trimester as indicated .

Section 1 General Information

1.1 Administrative Details

Associated HE Award(s) Duration Level Subject Coordinator

B Bus (Accg); 1 trimester Level 2 Dr Mervyn Fiedler.

B Bus (Mgt & Finance) mervyn.fiedler@koi.edu.au

1.2 Core / Elective This is a core subject for B Bus (Mgt & Finance) and an elective for
B Bus(Accg),

1.3 Subject Weighting

Indicated below is the weighting of this subject and the total course points.

Subject Credit Points Total Course Credit Points

4 BBus (Accg) 96; BBus (Mgt & Finance) 96

1.4 Student Workload

Indicated below is the expected student workload per week for this subject:

No. timetabled hours/week* No. personal study Total workload

hours/week** hours/week***

4 hours/week 6 hours/week 10 hours/week

2 hour Lecture + 2 hour Tutorial
* Total time spent per week at lectures and tutorials
** Total time students are expected to spend per week in studying, completing
assignments, etc.
*** That is, * + ** = workload hours.
1.5 Mode of Delivery This subject is delivered face-to-face.
1.6 Pre-requisites ACC100 Intro to Accounting and FIN200 Corporate Financial
Management
1.7 General Study and Resource Requirements
Students are expected to attend classes with the weekly worksheets and subject support
material provided in Moodle. Students should read this material before coming to class to
improve their ability to participate in the weekly activities.
Students will require access to the internet and their KOI email and should have basic skills in
word processing software such as MS Word, spreadsheet software such as MS Excel and
visual presentation software such as MS PowerPoint.
Computers are available for student use in the Library. However these are in demand at peak
times and tutorial classes may have priority use. You should therefore plan well in advance to
utilise these resources. If you have your own computer, it should have internet access and
relevant software installed. Students are encouraged to make use of the campus Library for
reference materials.
Resource requirements specific to this subject:
Students should have a non-programmable calculator. Applications in smart phones will not be
sufficient to perform the required calculations.

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Section 2 Academic Details

2.1 Overview of the Subject

The subject provides an overview of the theory of investing and capital markets, covering domestic and
global markets, investor preferences, asset allocation, security selection, risk versus return,
characteristics of debt and equity markets, financial instruments, valuation models, futures and forward
contracts, portfolio management and performance evaluation, in the setting of current financial events.

2.2 Graduate Attributes for Undergraduate Courses

Graduates of the Bachelor of Business (Accounting), and the Bachelor of Business (Management
and Finance) courses from Kings Own Institute will gain the graduate attributes expected from
nd
successful completion of a Bachelors degree under the Australian Qualifications Framework (2
edition, January 2013). Graduates at this level will be able to apply an advanced body of knowledge in a
range of contexts for professional practice or scholarship and as a pathway for further learning.

Kings Own Institutes key generic graduate attributes for a Bachelors level degree are summarised
below:

KOI Bachelor Degree

Graduate Attributes Detailed Description

Knowledge Current, comprehensive and coherent knowledge

Critical Thinking
Communication
Information Literacy
Problem Solving Skills
Ethical and Cultural
Sensitivity
Teamwork
Professional Skills
Critical thinking and creative skills to analyse and
synthesise information and evaluate new problems
Communication skills for effective reading, writing, listening
and presenting in varied modes and contexts and for
transferring knowledge and skills to others
Information and technological skills for accessing,
evaluating, managing and using information professionally
Skills to apply logical and creative thinking to solve
problems and evaluate solutions
Appreciation of ethical principles, cultural sensitivity and
social responsibility, both personally and professionally
Leadership and teamwork skills to collaborate, inspire
colleagues and manage responsibly with positive results
Professional skills to exercise judgement in planning,
problem solving and decision making

Across the course, these skills are developed progressively at three levels:

Level 1 Foundation Students learn the basic skills, theories and techniques of the subject
and apply them in basic, stand-alone contexts.
Level 2 Intermediate Students further develop skills, theories and techniques of the subject
and apply them in more complex contexts, beginning to integrate the application with other
subjects.
Level 3 Advanced Students have a demonstrated ability to plan, research and apply the
skills, theories and techniques of the subject in complex situations, integrating the subject
content with a range of other subject disciplines within the context of the course.

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2.2.1 FIN201 Investment Management Subject Learning Outcomes
This is a Level 2 subject. Listed below, are key knowledge and skills students are expected to attain
by successfully completing this subject:

Contribution to Course
Subject Learning Outcomes
Graduate Attributes

a) Explain the investment framework and describe the Australian and

major global debt and equity markets.

b) Evaluate investor preferences, and the relationship between risk

and return.

c) Explain and analyse investments using the capital asset pricing

model and other valuation models.

a) Apply portfolio analysis tools to select profitable securities, manage a

portfolio and evaluate portfolio performance.

2.3 Subject Content and Structure

Shown in the table below are details of the subject content and how it is structured, including specific
topics covered in lectures and tutorials. Readings refer to the text unless otherwise indicated.

2.3.1 Weekly Planner

Week Topic Covered in Each Weeks Reading(s) Work due in Tutorials
(beginning) Lecture - Text
1 Investment framework Tutorial exercises
Ch 1
10 July Australian financial markets
2 International investment and foreign Tutorial Exercises
Chs 3
17 July exchange markets QUIZ 1.
3 Tutorial Exercises
Analysis and valuation of bonds Chs 6
24 July QUIZ 2.
4 Tutorial Exercises
Investor preferences Ch 7
31 July QUIZ 3.
5 Tutorial Exercises
Risks, pricing models and CAPM Ch 8
.7 Aug QUIZ 4 and QUIZ 5 (in class).
6
Mid-trimester Exam Mid-trimester Exam
14 Aug
20 27 August Mid-Trimester Break
2017
7 Tutorial Exercises
Equity valuation models Chs 11
28 Aug
8 Tutorial Exercises
Analysis of share markets Ch 12
04 Sep QUIZ 6.
Tutorial Exercises; QUIZ 7.
Deferred Mid Trimester
9 Quantitative stock selection and
Chs 14 Exams for all subjects - see
11 Sep analysis
Section 2.4 below for more
information
10 Tutorial Exercises; QUIZ 8
Futures and forward contracts Ch 15
18 Sep ASSIGNMENT DUE
11 Portfolio management and Tutorial Exercises
Chs 20
25 Sep performance evaluation QUIZ 9
12 Revision
Revision
02 Oct QUIZ 10

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13
Study Review Week
09 Oct
14 Please see Exam Timetable for Exam date,
Final Exam Week
16 - 21 Oct time and location
15 Student Vacation begins
23 Oct Enrolments for T3 2017 open
16 Results Released Tuesday 31 Oct 2017
30 Oct Certification of Grades Friday 03 Nov 2017
T317 begins 06 November 2017
1 Week 1 of classes for T3 2017
06 Nov Saturday 04 November Review of Grade Day for T2 2017 see Sections 2.4 and
3.5.2 below for more information

2.3.2 Public Holiday Amendments

Please note: KOI is closed on all scheduled NSW Public Holidays.

T217 has one (1) public holiday (Labour Day) that occurs during classes this trimester. Classes
scheduled for this public holiday (Calendar Class Dates) will be rescheduled as per the table below.

This applies to ALL subjects taught in T2 2017.

Please see the table below and adjust your class timing as required. Please make sure you have
arrangements in place to attend the rescheduled classes if applicable to your T217 enrolment.

Classes will be conducted at the same time and in the same location as your normally
scheduled class except these classes will be held on the date shown below.

Calendar Class Date Rescheduled Class Date

Monday 02 October 2017 (Week 12) Monday 09 October 2017 (Week 13) (Study Review Week)

2.4 Review of Grade, Deferred Exams & Supplementary Exams/Assessments

2.4.1 Review of Grade

There may be instances when you believe that your final grade in a subject does not accurately reflect
your performance against the subject criteria. Section 8 of the Assessment and Assessment Appeals
Policy (www.koi.edu.au) describes the grounds on which you may apply for a Review of Grade.

If this happens and you are unable to resolve it with the Academic staff concerned then you can apply
for a formal Review of Grade within the timeframes indicated in Sections 2.4.4 and 3.5 below and the
Assessment and Assessment Appeals Policy.

Please ensure you read the Review of Grade information before submitting an application.

2.4.2 Review of Grade Day

KOI will hold the Review of Grade Day for all subjects studied in T2 2017 on:

Saturday 04 November 2017

Only final exams will be discussed as all other assessments should have been reviewed during
the trimester.

If you fail one or more subjects and you wish to consider applying for a Review of Grade you MUST
attend the Review of Grade Day. You will have the chance to discuss your final exam with your lecturer,

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and will be advised if you have valid reasons for applying for a Review of Grade (see Section 3.5 below
and the Assessment and Assessment Appeals).

If you do not attend the Review of Grade Day you are considered to have accepted your results
for T2 2017.

2.4.3 Deferred Exams

The information in this section applies to both the mid-trimester exam and the final exam. If you wish to
apply for a make-up exam, you should submit an Application for Assignment Extension or Deferred
Exam Form before the prescribed deadline.

If you miss your mid-trimester exam or final exam there is NO GUARANTEE you will be offered a
deferred exam.

You must apply within the stated timeframe and satisfy the conditions for approval to be offered
a deferred exam (see Section 8.1 of the Assessment and Assessment Appeals Policy and the
Application for Assignment Extension or Deferred Exam Forms).

In assessing your request for a deferred exam, KOI will take into account the information you provide,
the severity of the event or circumstance, your performance on other items of assessment in the
subject and your history of previous applications for special consideration.

Deferred exams will be scheduled over two days. Because the period is short, you will be allowed to
attempt at most two deferred exams.

You will not normally be granted a deferred exam on the grounds that you mistook the time,
date or place of an examination, or that you have made arrangements to be elsewhere at that
time; for example, you have booked plane tickets.

If you are offered a deferred exam, but do not attend you will be awarded 0 marks for the exam.
This may mean it becomes difficult for you to pass the subject.

If you apply for a deferred exam within the required timeframe and satisfy the conditions you will be
advised by email to your KOI student email address of the time and date for the deferred exam which
will be held during week 9 for the deferred mid-trimester exam and during week 1 or week 2 of the
next trimester for the deferred final exam. Please ensure that you are available to take the exam at the
stipulated time.

Marks awarded for the deferred exam will be the marks awarded for that item of assessment towards
your final mark in the subject.

2.4.4 Supplementary Assessments (Exams and Assessments)

A supplementary assessment may be offered to students to provide a final opportunity to demonstrate

successful achievement of the learning outcomes of a subject. Supplementary assessments are only
offered at the discretion of the Board of Examiners. In considering whether or not to offer
supplementary assessment, KOI will take account of your performance on all the major assessment
items in the subject, your attendance and participation for the subject, and your history of previous
special consideration.

Students are eligible for a supplementary assessment for their final subject in a course where they fail
the subject but have successfully completed all other subjects in the course. You must have completed
all major assessment items for the subject and obtained a passing mark on at least one of the major
items of assessment to be eligible for supplementary assessment.

If you believe you meet the criteria for a supplementary assessment for the final subject in your course,
but have not received an offer, complete the Complaint, Grievance, Appeal Form and send your form
to reception@koi.edu.au. The deadline or applying for supplementary assessment is the Friday of the
first week of classes in the next trimester.

There will only be one opportunity for you to undertake additional assessment in a subject.

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If you are offered a supplementary assessment, you will be advised by email to your KOI student email
address of the time and due date for the supplementary assessment supplementary exams will
normally be held at the same time as deferred final exams during week 1 or week 2 of the next
trimester.

You must pass the supplementary assessment to pass the subject. The maximum grade you can
achieve in a subject based on a supplementary assessment is a PASS grade.

If you:
are offered a supplementary assessment, but fail it;
are offered a supplementary exam, but do not attend; or
are offered a supplementary assessment but do not submit by the due date;
you will receive a FAIL grade for the subject.

2.5 Teaching Methods/Strategies

Briefly described below are the teaching methods/strategies used in this subject:

Face-to-face lectures (2 hours/week) are conducted in seminar style and address the subject content,
provide motivation and context and draw on the students experience and preparatory reading.
Tutorials (2 hours/week) include class discussion of case studies and research papers, practice sets and
problem-solving and syndicate work on group projects. Tutorial participation is an essential component of
the subject and contributes to the development of graduate attributes (see sections 2.1 and 2.1.1 above).
It is intended that specific tutorial material such as case studies, recommended readings, review questions
etc. will be made available each week in Moodle.
Online teaching resources include class materials, readings, model answers to assignments and
exercises and discussion boards. All online materials for this subject as provided by KOI will be found in
the Moodle page for this subject. Students should access Moodle regularly as material may be updated at
any time during the trimester.
Other contact - academic staff may also contact students either via Moodle messaging, or via email to the
email address provided to KOI on enrolment.

2.6 Student Assessment

Provided below is a schedule of formal assessment tasks and major examinations for the subject.

Assessment Type When Assessed Weighting Learning Outcomes

Assessed

Mid-trimester exam 1.5 hours Week 6 20% a, b

Case study assignment (2,500 30% a, b, c, d

Week 10
words)

Final examination (2 hours) Final Exam Period 50% a, b, c, d

2.6.1 Requirements to Pass the Subject

To gain a pass or better in this subject,
Students must gain a minimum of 50% of the total available subject marks.

2.7 Prescribed and Recommended Readings

Provided below, in formal reference format, is a list of the prescribed and recommended readings:

Prescribed Text:
Brailsford, T., Heaney, R., and Bilson, C., 2015. Investments, concepts and applications, 5th ed. Australia:
Cengage.

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Recommended Readings:
Bodie, Z., Kane, A., and Marcus, A. J., 2014. Investments, 10th ed. Australia: McGraw-Hill.
Gitman, L., Joehnk, M. D., Juchau, R., Wheldon, B. J., and Wright, S. J., 2011. Fundamentals of
Investing, 3rd ed. Australia: Pearson.
Hirt, G. A., and Block, S. B., 2012. Fundamentals of investment management, 10th ed. McGraw-Hill.

Periodicals Readings:
Australian Financial Review
Australasian Accounting, Business and Finance Journal
Australian Journal of Financial Planning
Journal of Banking and Finance
Journal of International Financial Markets, Institutions & Money
Journal of Financial Research
Money Management
The Australian Business section

Useful Websites:
The following websites are useful sources covering a range of information useful for this subject. However,
most are not considered to be sources of academic peer reviewed theory and research. If your assessments
require academic peer reviewed journal articles as sources, you need to access such sources using the
Library database, Ebscohost, or Google Scholar. Please ask in the Library if you are unsure how to access
Ebscohost. Instructions can also be found in Moodle.

ASIC Money Smart https://www.moneysmart.gov.au/investing

Australian Investors Association http://www.investors.asn.au/
Smart Investor http://www.afrsmartinvestor.com.au/

Section 3 - Assessment Details

3.1 Details of Each Assessment Item

The assessments for this subject are described below. The description includes the type of
assessment, its purpose, weighting, due date and submission requirements, the topic of the
assessment, details of the task and detailed marking criteria, including a marking rubric for essays,
reports and presentations. Supplementary assessment information and assistance can be found in
Moodle.

KOI expects students to submit their own original work in both assignments and exams, or the original
work of their group in the case of group assignments.

Assessment 1

Assessment Type: Mid-trimester exam 1.5 hours - individual assessment - closed book exam.
Students are expected to bring pens and a non-programmable calculator to the
exam. A formula sheet will be provided. No other materials permitted

Purpose: This assessment is designed to allow students to demonstrate an understanding

of investment performance measurement, domestic and international finance
markets and selected investment concepts, and analyse and evaluate the
suitability of investment options using the capital asset pricing model. This
assessment relates to Learning Outcomes a and b.

Value: 20%

Due Date: Week 6

Topic: Subject content from Weeks 1 5 inclusive

Task Details: The Exam will be of 1.5 hours duration and will consist of 5 Multiple-choice
Questions worth 1 mark each, and 5 problem-type questions worth 3 marks
each. Total 20.

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Students will need to understand appropriate performance measurement
techniques, foreign investment markets, bonds, selected investment concepts
and sources of finance for given sets of circumstances, and be able to use the
capital asset pricing model to evaluate investment alternatives.

Students are expected to bring a non-programmable calculator to the exam.

As indicated above, a formula sheet will be provided.

NO OTHER AIDS OR MATERIALS ARE PERMITTED.

Assessment 2

Assessment Type: Case Study individual assessment. 2,500 + 10% words.

Purpose: To allow students to demonstrate an understanding of the various investment

solutions available to suit real world situations, identifying the most appropriate
investment options for given sets of circumstances. This assessment will reflect
the advice that would be expected from students when working in a modern
accountancy practice. This assessment relates to Learning Outcomes a, b, c
and d.

Value: 30%

Due Date: Week 10 Wednesday, 11.00 am in Tutorial

Submission: Upload a soft copy to Turnitin located on KOIs Moodle subject homepage by
Monday, Week 10. Submit a hard copy in that weeks Tutorial (see Due Date).

Topic: Developing an Investment Portfolio the specific scenario will be allocated by

Week 3. A copy will also be posted on Moodle.
Task Details: Based on the circumstances provided, students will be required to analyse a
range of potential solutions, and make recommendations for the most
appropriate investment portfolio elements. Students need to apply their own
interpretation and judgement to the analysis, based on approved and valid
research (see Research Requirements below).
Students who simply regurgitate their answers from the textbook or lecture
notes risk failing the assignment.

Research Students need to support their analysis with reference from the text and
Requirements: minimum of six (6) suitable, reliable, current and academically acceptable
sources check with your tutor if unsure of the validity of sources.
Students seeking Credit or above grades should support their analysis with
increased number of reference sources comparable to the grade they are
seeking.

Presentation: 2,500 + 10% words in short Report format. The word count excludes the cover
sheet, contents page, references, appendices, and illustrations (e.g. diagrams,
graphs and tables).

Students need to stay within the assigned word limits, and indicate the word count on the cover
page of the assignment. Marks will be reduced for assignments shorter than or greater than the
minimum word count.

Every page should be clearly numbered.

(a) A KOI Cover Sheet for an Individual Assignment
(b) A title page, which indicates Subject title, Subject code, Trimester number, Assignment title,
your full name and KOI student number, word count & Tutors name.
(c) Executive Summary
(d) Table of Contents
(e) Body (main contents)
- Introduction,
- Analysis this will be the major part of your Assignment and may require a number of
numbered sub-sections,
- Recommendations - if any, and
- Conclusion(s).

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NOTE: Separate sections are required for each of the above main contents segments.

(f) Appendices (if any).

(g) References (using Harvard Anglia style)
(h) A TURNITIN Validation page, including the Similarity score for your Assignment
(i) A copy of the Marking Rubric (see page 10 below).

Please prepare a soft copy and a hard copy of your Assignment.

Marking Guide: Marks will be awarded as follows, out of 30 marks.

Element Marks
Research extent and application 30
Analysis of the topic 30
Recommendations and Conclusion 20
Presentation 20
Total 100

The total will be converted to a mark (correct to the nearer whole number) out of 30%.

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Marking Rubric for FIN201 Investment Management (Individual Assignment)
Assignment Title: Developing an Investment Portfolio
Fail
Criteria
(0 - 49%)
Research extent Inaccurate, or inappropriate
and application or no use of literature.
Analysis of investment
Value 30% portfolio construction theory,
Mark awarded asset allocation,
diversification, performance,
expected returns and risks
not developed. No original
explanations provided.
Analysis of the Poor evaluation.
topic Significant gaps in knowledge
of portfolio construction, asset
Value 30% allocation, diversification,
Mark awarded performance, expected
returns, risks and rationale.
No analysis provided.
Disjointed or no discussion.
Recommendations / Few or no recommendations
conclusions made or any
recommendations made are
Value 20% not supported or are
Mark awarded inaccurate.
Presentation Referencing is absent / not
systematic / incorrect.
Value 20% Graphs and tables are absent
Mark awarded / inaccurate / not referenced.
Total Mark out of Comments:
100%
Assessment Mark
(to nearer whole
number)
__________ / 30% Signed by Marking Tutor:.. Date; .
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Pass
(50 59%)
Minimum number of sources, but not
all current or relevant.
Paraphrasing used throughout but not
always accompanied by original
explanations. Investment portfolio
construction theory, in-vestment asset
allocation, diversification, performance
& risks concepts superficially treated
or adequate; not always linked to
analysis
Simple discussion of Work reflects
limited engagement with features of
portfolio construction, asset allocation,
diversification, performance, expected
returns, risks and rationale for
investment decision-making.
Not all aspects of task completed in
sufficient detail.
Most aspects of the task completed
but assessment lacks cohesion.
Some recommendations made, but not
well linked to the analysis of key
investment concepts or adequately
matched with clients goals.
Partial justification of
recommendations, but not adequately
linked to relevant theory.
Acceptable presentation obvious
errors demonstrating lack of attention
to detail.
Basic or no graphs and tables.
Some attempt at referencing but
obvious errors.
Credit
(60 69%)
Good selection of investment
portfolio construction theory,
investment asset allocation,
diversification, performance and
risks from a range of sources,
used to build and adequately
justify analysis.
Paraphrasing used throughout
but accompanied by original
explanations.
Identified and discussed port-
folio construction, asset
allocation, diversification,
performance, expected returns,
risks and rationale. Discussion
of some relevant issues in
theory in evaluation.
All aspects of the task
completed some cohesion.
Good recommendations made,
linked to the analysis of
investment concepts and clients
goals.
Stated portfolio
recommendations are not linked
back systematically to relevant
theory.
Good presentation overall but
some obvious errors.
Satisfactory graphs and tables.
Referencing is mainly accurate.
ABN: 72 132 629 979
Student No. ..
Distinction
(70 79%)
Insightful and appropriate
discussion of investment
portfolio construction theory,
asset allocation,
diversification, performance,
expected returns and risks -
from a good range of current
& relevant sources. Analysis
systematically built
Minimum paraphrasing.
Identified and clearly
explained portfolio
construction, asset
allocation, diversification,
performance, expected
returns, risks and rationale.
Links to relevant theory in
evaluation.
All aspects of the task
completed with minimal
errors in cohesion.
Very good
recommendations made,
linked to the analysis of
investment concepts and
clients goals. Theory used
systematically to justify
recommendations and
discuss enhancement of the
selected portfolio.
Professional presentation
minor errors in some
elements.
Good graphs and tables.
Correct referencing
throughout.
High Distinction
(80 100%)
Integration and originality - in
identifying and discussing
investment portfolio construction
theory, investment asset
allocation, diversification,
performance, expected returns
and risks - to build & justify
analysis. Wide range of current
& relevant sources integrated in
systematic way.
Identified and insightfully
discussed key areas of port-folio
construction, asset allocation,
diversification, performance,
expected returns, risks and
rationale.
Strong links to relevant theory in
evaluation.
All aspects of the task completed
in a comprehensive and cohesive
manner.
Excellent recommendations
made, linked to the analysis of
key investment concepts.
Matched with clients goals.
Theory used in insightful way to
justify recommendations and
enhancement of the selected
portfolio.
Highly professional presentation
satisfies all presentation
elements.
Excellent graphs and tables.
Correct referencing throughout.
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Assessment 3

Assessment Type: Final Exam individual assessment - closed book exam - Students WILL NOT
be provided with a formula sheet.
Aids: Students may bring into the Final Exam an A4 sheet of hand-written
notes on both sides.
Students are expected to bring pens and a non-programmable calculator into
the examination room. No other materials will be permitted.

Purpose: The Final Exam will require students to explain and apply the subject theory to
practical situations as would be found in a modern organisation, identifying
issues, drawing conclusions, and making recommendations. Students will also
need to use relevant portfolio analysis tools to develop appropriate
investment recommendations and to calculate appropriate investment
measures. This assessment contributes specifically to Learning Outcomes a,
b, c, and d.

Value: 50%.

Due Date: The Final Exam will be held in the official KOI exam period in Week 14 of the
trimester. The specific date and time will be posted towards the end of the
trimester.

Topic: The examination may cover content from any part of the material presented in
Weeks 7 to 11 inclusive, as set out in section 2.3.1 above.

Task Details: 2 hour closed book exam.

The exam will be marked out of 50 and will consist of two sections.

Section A, worth 10 marks in total, will consist of 5 Multiple-choice Questions worth 2 marks each.
These will be problem solving questions.
Section B, worth 40 marks in total, will consist of 5 five long answer questions, each question
consisting of several parts. These will require knowledge of the subject theories and strategies to
identify and evaluate appropriate investment recommendations for given sets of circumstances.

Although all Final Exam questions will be based specifically on the topics covered in Weeks 7 11
inclusive, a thorough understanding of the earlier work will be necessary to grasp the concepts involved
in the Exam coverage.

3.2 Late Penalties & Extensions

An important part of business life and key to achieving KOIs graduate outcome of Professional Skills is
the ability to manage workloads and meet deadlines. Consequently, any assessment items such as in-
class quizzes and assignments missed or submitted after the due date/time will attract a penalty (see
below).

Students who miss the mid-trimester exam and/or the final exam without a valid and accepted reason
(see below) may not be granted a deferred exam and will be awarded 0 marks for assessment item.
These penalties are designed to encourage students to develop good time management practices, and
create equity for all students.

Any penalties applied will only be up to the maximum marks available for the specific piece of
assessment attracting the penalty.

Late penalties, granting of extensions and deferred exams are based on the following:
o In Class Tests (excluding Mid-Trimester Exam)
o No extensions permitted or granted a make-up test may only be permitted under very
special circumstances where acceptable supporting evidence is provided. The procedures
and timing to apply for a make-up test (only if available) are as shown in Section 3.2.1
Applying for an Extension (below).
o Missing a class test will result in 0 marks for that assessment element unless the above
applies.

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o Written Assessments
o - 5% of the total available marks per calendar day unless an extension is approved (see
Section 3.2.1 below)
o Presentations
o No extensions permitted or granted no presentation = 0 marks. The rules for make-up
presentations are the same as for missing in-class tests (described above).
o Mid-Trimester Exams and Final Exams
o If students are unable to attend mid-trimester exams or final exams due to illness or some other
event (acceptable to KOI), they must:
1. Advise KOI in writing (email: academic@koi.edu.au) as soon as possible, but no later than
three (3) working days after the exam date, that they will be / were absent and the
reasons. They will be advised in writing (return email) as to whether the circumstances are
acceptable.
2. Complete the appropriate Application for Extension or Deferred Exam Form available from
the Student Information Centre in Moodle), on the KOI Website (Policies and Forms) and the
Reception Desk (Market St and Kent St), as soon as possible and email with attachments to
academic@koi.edu.au.
3. Provide acceptable documentary evidence in the form of a satisfactorily detailed medical
certificate, police report or some other evidence that will be accepted by KOI.
4. Agree to attend the deferred exam as set by KOI.

Please note: there will only be one deferred exam offered.

Marks awarded for the deferred exam will be the marks awarded for that
assessment.
If you miss the deferred exam you will be awarded 0 marks for the
assessment. This may mean you are unable to complete (pass) the
subject.
3.2.1 Applying for an Extension

If students are unable to submit or attend an assessment when due, and extensions are possible, they
must apply by completing the appropriate Application for Extension form available from the Student
Information Centre in Moodle), the KOI Website (Policies and Forms) and the Reception Desk (Market
St and Kent St), as soon as possible but no later than three (3) working days of the assessment due
date.
The completed form must be emailed with supporting documentation to academic@koi.edu.au.
Students and lecturers / tutors will be advised of the outcome of the extension request as soon as is
practicable.
Appropriate documentary evidence to support the request for an extension must be supplied. Please
remember there is no guarantee of an extension being granted, and poor organisation is not a
satisfactory reason to be granted an extension.
3.3 Plagiarism and Referencing

Please remember that all sources used in assessment tasks MUST be suitably referenced.
Failure to acknowledge sources is plagiarism, and as such is a very serious academic issue. Students
plagiarising run the risk of severe penalties ranging from a reduction through to 0 marks for a first
offence for a single assessment task, to exclusion from KOI in the most serious repeat cases. Exclusion
has serious visa implications. The easiest way to avoid plagiarising is to reference all sources.

Harvard referencing is the required method in-text referencing using Authors Surname (family name)
and year of publication. While there are many versions of Harvard referencing, KOI prefers the Anglia
version of Harvard referencing.

A Referencing Guide, Harvard Referencing, and a Referencing Tutorial can be found in the right hand
menu strip in Moodle on all subject pages.

An effective way to reference correctly is to use Microsoft Words referencing function (please note that
other versions and programs are likely to be different). To use the referencing function, click on the

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References Tab in the menu ribbon students should choose Harvard Anglia 2008 as the style. A
guide to this method can be found in Moodle.

Authorship is also an issue under Plagiarism KOI expects students to submit their own original work
in both assessment and exams, or the original work of their group in the case of a group project. All
students agree to a statement of authorship when submitting assessments online via Moodle, stating
that the work submitted is their own original work.

The following are examples of academic misconduct and can attract severe penalties:

Handing in work created by someone else (without acknowledgement), whether copied from
another student, written by someone else, or from any published or electronic source, is fraud, and
falls under the general Plagiarism guidelines.
Copying / cheating in tests and exams is academic misconduct. Such incidents will be treated
just as seriously as other forms of plagiarism.
Students who willingly allow another student to copy their work in any assessment may be
considered to assisting in copying/cheating, and similar penalties may be applied.

Where a subject coordinator considers that a student might have engaged in academic misconduct,
KOI may require the student to undertake an additional oral exam as part of the assessment for the
subject, as a way of testing the students understanding of the written work.

Further information can be found on the KOI website.

3.4 Reasonable Adjustment

The Commonwealth Disability Discrimination Act (1992) makes it unlawful to treat people with a
disability less fairly than people without a disability. In the context of this subject, the principle of
Reasonable Adjustment is applied to ensure that participants with a disability have equitable access to
all aspects of the learning situation. For assessment, this means that artificial barriers to their
demonstrating competence are removed.

Examples of reasonable adjustment in assessment may include:

provision of an oral assessment, rather than a written assessment
provision of extra time
use of adaptive technology.

The focus of the adjusted assessment should be on enabling the participants to demonstrate that they
have achieved the subject purpose, rather than on the method used.

3.5 Appeals Process

Full details of the KOI Assessment and Assessment Appeals Policy may be obtained in hard copy from
the Library, and on the KOI website www.koi.edu.au under Policies and Forms.

3.5.1 Assessments and Mid-Trimester Exams

Where students are not satisfied with the results of an assessment, including mid-trimester exams,
they have the right to appeal. The process is as follows:
1. Discuss the assessment with their tutor or lecturer students should identify where they
feel more marks should have been awarded students should provide valid reasons based
on the marking guide provided for the assessment. Reasons such as I worked really hard
are not considered valid.
2. If still not satisfied, students should complete an Application for Review of Assessment
Marks form, detailing the reason for review. This form can be found on the KOI website and is
also available at KOI Reception (Market St and Kent St).
3. Application for Review of Assessment Marks forms must be submitted as explained on the
form within ten (10) working days of the return of the marked assessment, or within five (5)
working days after the return of the assessment if the assessment is returned after the
end of the trimester.

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3.5.2 Review of Grade whole of subject and final exams

Where students are not satisfied with the results of the whole subject or with their final exam results,
they have the right to request a Review of Grade see the Assessment and Assessment Appeals
Policy for more information.

An Application for Review of Grade form (available from the KOI Website under Policies and Forms
and from KOI Reception, Market St and Kent St) should be completed clearly explaining the grounds for
the application. The completed application should be submitted as explained on the form, with
supporting evidence attached, to the Academic Manager.

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