School of Accounting, Economics

and Finance

FIN 111: Introductory Principles of Finance

Subject Outline
6 credit points

Subject Information
Spring, 2016
Wollongong
On Campus

Lecture Information:
Wednesdays, 14:30 - 16:30, 40.153

Pre-requisites: Nil
Co-requisites: Nil
Restrictions: None
Contact Hours: 2 hours lectures and 1 hour tutorial
Online Subject Material:
http://www.uow.edu.au/student/index.html

Teaching Staff
Teaching Role Coordinator, Lecturer and Tutor
Name Dr Freda Hui
Telephone 4221 3679
Email fredah@uow.edu.au
Room 40.320
Consultation Times To be Advised

Teaching Role Admin Assistant

Name Akiko Phillips
Telephone TBA
Email akiko@uow.edu.au
Room TBA
Consultation Times To be Advised

FIN 111 Subject Outline Spring, 2016 Page 1 of 15

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 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

http://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

© 2016 University of Wollongong

The original material prepared for this guide is covered by copyright. Apart from fair dealing for the
purposes of private study, research, criticism or review, as permitted under the Copyright Act, no part
may be reproduced by any process without written permission.

FIN 111 Subject Outline Spring, 2016 Page 2 of 15

Table of Contents

Section A: General Information ........................................................................................................... 4

Learning Outcomes............................................................................................................................. 4
Course Learning Outcomes ........................................................................................................... 4
Student Learning Outcomes........................................................................................................... 4
Subject Description ........................................................................................................................ 4
Readings, References and Materials.................................................................................................. 4
Major Text(s) .................................................................................................................................. 4
Key References .............................................................................................................................. 4
Recommended Background and Further Reading......................................................................... 5
Additional Materials ........................................................................................................................ 5
Lectures, Tutorials and Attendance Requirements ............................................................................ 6
Lecture Times * .............................................................................................................................. 6
Lecture Program * .......................................................................................................................... 6
Additional Lecture Comments ........................................................................................................ 6
Tutorial/Seminar/Workshop Times ................................................................................................. 7
Tutorial/Seminar/Workshop Program ............................................................................................. 7
Additional Tutorial/Seminar/Workshop Comments ........................................................................ 8
Attendance Requirements .................................................................................................................. 8
Recent Improvements to Subject........................................................................................................ 8
Peer Assisted Study Sessions (PASS) Program ................................................................................ 8
Section B: Assessment ........................................................................................................................ 9
Assessment Summary ........................................................................................................................ 9
Additional Assessment Information .................................................................................................. 11
Performance Level ............................................................................................................................ 11
Types of Assessment and Collaboration .......................................................................................... 11
Submission, Retention and Collection of Written Assessment ......................................................... 12
Submitting Assessment Tasks ..................................................................................................... 12
Faxing, Posting and Emailing Assessment Work......................................................................... 12
Late Submission of Assessment Tasks ....................................................................................... 12
Collection ...................................................................................................................................... 13
Retention ...................................................................................................................................... 13
Scaling .............................................................................................................................................. 13
Academic Integrity and Plagiarism ................................................................................................... 13
Plagiarism Prevention .................................................................................................................. 13
Referencing ....................................................................................................................................... 14
Why do you need to reference? ................................................................................................... 14
The Harvard System of Referencing ............................................................................................ 14
Citation of Internet Sources .......................................................................................................... 14
Section C: General Advice for Students ........................................................................................... 15
Library Services ................................................................................................................................ 15

FIN 111 Subject Outline Spring, 2016 Page 3 of 15

Section A: General Information
Learning Outcomes

Course Learning Outcomes

Course Learning Outcomes can be found in the Course Handbook

http://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 and distinguish between the roles of a personal finance

professional and a corporate finance professional, and understand their contributions to
society.
2. Explain the similarities and differences between the corporate and personal finance industries
3. Describe the purpose, key players and specific industry developments in the regulatory
frameworks of both the finance and financial planning sectors, and their inter-relationships.
4. Demonstrate an understanding of the requisite compliance and ethical considerations
pertaining to the financial services industry.
5. Demonstrate competence in applying the concepts of time value of money and discounted
cash flows to personal and corporate financial decision making.
6. Demonstrate an understanding of the use of specified information.

Subject Description

FIN111 introduces fundamental concepts of corporate and personal finance. In doing so, the inter-
relationships between finance and financial planning are explored. A theoretical strand contextualises
finance and financial planning within their respective regulatory frameworks. A technical strand equips
students with fundamental skills to understand the concept of time value of money, as applied to
solving cash flow valuation problems within the context of corporate and personal finance. This
subject is innovative in its broad and synergistic overview of the financial services industry. In its
exploration of ethical issues, this subject supports a socially responsible approach to commerce.

Readings, References and Materials

Major Text(s)

FIN111 Introductory Principles of Finance, 2014, Custom publication for the University of Wollongong,
John Wiley and Sons, RRP$99.95.

Textbook details are available online from the University Bookshop at

http://unicentre.uow.edu.au/unishop/

Key References

1. Beal, D, Goyen, M, and Shamsuddin, A 2008, Introducing Corporate Finance, second

edition, John Wiley and Sons.
2. Kidwell, D, Brimble M, Basu A, Lenten, L, and Thomson, D, 2011, Financial Markets,
Institutions and Money, second edition, John Wiley and Sons.
3. McKeown, W, Kerry, M, Olynyk M, and Beal D 2012, Financial Planning, John Wiley and
Sons.
4. McKeown, W, Kerry, M, Olynyk M, and Beal D 2014, 2nd edition, Financial Planning, John
Wiley and Sons.
5. Parrino, R, and Kidwell, D 2011, Fundamentals of Corporate Finance, John Wiley and Sons.

FIN 111 Subject Outline Spring, 2016 Page 4 of 15

 6. Parrino, R, and Kidwell, D 2014, 2nd edition, Fundamentals of Corporate Finance, John Wiley
and Sons.

Recommended Background and Further Reading

A list of valuable finance resources are available on the library website. This site can be accessed via
the link below.

To get to this site from the library website, use the following pathway:

library/resources for assignments/finance: http://uow.libguides.com/finance

Other readings

1. Cheng, L, Leung, TY, and Wong, YH 2009, Financial Planning and Wealth Management: An
International Perspective, McGraw-Hill.
2. Kapoor, R 2010, Focus on Personnel Finance, Third edition, McGraw-Hill.
3. Ross, S, Trayler, R, Bird, R, Westerfield, R, and Jordan, B 2010, Essentials of Corporate
Finance, Second Australian edition, McGraw-Hill.
4. Viney, C 2009,Financial Institutions, Instruments and Markets, Sixth edition, McGraw-Hill.
5. Australian Financial Planning Handbook 2012-13, Thomson Reuters.
6. Bajtelsmit, V.L, and Rastelli, L 2008, Personal Finance: Managing your money and building
wealth, John Wiley and Sons.
th
7. Gitman, L, and Joehnk, MD 2008, Personal Financial Planning, 11 edition, South-Western
Cengage Learning.
8. Valentine, T, Modern Financial and Investment Planning, 2007, Pearson Education.

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

Additional Materials

E-readings:

1. Parrino R, Kidwell, D., Yong, H., Dempsey, M., Morkel-Kingsbury, N., Ekanayake, S., Kofoed, J.,
and Murrary, J., 2014, Fundamentals of Corporate Finance, Wiley. (Chapter 9)

This is available as e-readings on the UOW library website.

FIN 111 Subject Outline Spring, 2016 Page 5 of 15

Lectures, Tutorials and Attendance Requirements

Lecture Times *

Lectures will be held on:

Day Start Time End Time Room

Wednesday 14:30 16:30 40.153

Lecture Program *

Week Date Topics Covered Readings

Emergency Evacuation Procedures
Textbook Reading 1 - Parrino et
1 27 Jul 2016 Introduction - Financial Manager and the
al. Chapter 1
Company
Overview of Financial Markets, Textbook Reading 3 - Kidwell et
2 03 Aug 2016
Institutions and Money al. Chapter 1
Textbook Reading 4 - Kidwell et
3 10 Aug 2016 Commercial Bank Operations
al. Chapter 13
Textbook Reading 5 - Kidwell et
4 17 Aug 2016 Non-Bank Financial Institutions
al. Chapter 14
Textbook Reading 7 - Parrino et al.
5 24 Aug 2016 Time Value of Money
Chapter 5
Textbook Reading 8 - Parrino et al.
6 31 Aug 2016 Discounted Cash Flows and Valuation
Chapter 6
Textbook Reading 9 - Parrino et
7 07 Sep 2016 Bond valuation and interest rate structure
al. Chapter 8
8 14 Sep 2016 No Lecture (Mid-session Test) No Lecture
Textbook Reading 13 - Parrino et
9 21 Sep 2016 Stock Valuation
al. Chapter 9
26 Sep 2016 Mid-Session Recess
Textbook Reading 6 - McKeown et
10 05 Oct 2016 Consumer Credit
al. Chapter 9
Financial Planning and Wealth Textbook Reading 10 - McKeown et
11 12 Oct 2016
Management Professions al. Chapter 1
Textbook Reading 12 - McKeown et
12 19 Oct 2016 Development of a Statement of Advice
al. Chapter 15
13 26 Oct 2016 Review Review
31 Oct 2016 Study Recess
05 Nov 2016 Examinations
14 Nov 2016 Examinations

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

Additional Lecture Comments

Additional material may be used for each lecture. Any additional material used will be made available
on Moodle.

FIN 111 Subject Outline Spring, 2016 Page 6 of 15

Tutorial/Seminar/Workshop Times

The Faculty of Business uses the SMP Online Tutorial System and tutorial times and locations can be
found at http://www.uow.edu.au/student/timetables/index.html. Please note that tutorial times on the
timetable are provisional and may change.

Tutorial/Seminar/Workshop Program

Week
Week Topics Covered Readings and Activities
Commencing
1 25 Jul 2016 No tutorials in week 1. No tutorials in week 1.
Textbook Reading 1 (Parrino et
Emergency Evacuation Procedures
al. Chapter 1)
2 01 Aug 2016 Introduction - Financial Manager and
Critical thinking 2, 4 and 6
the Company
Question and Problem 4, 7, 8, 14 and 23
Textbook Reading 3 (Kidwell et
Overview of Financial Markets, al. Chapter 1)
3 08 Aug 2016
Institutions and Money Questions and problems 1, 4, 6, 13 and
18
Textbook Reading 4 (Kidwell et al.
Chapter 13)
4 15 Aug 2016 Commercial Banks Operations
Questions and problems 1, 3, 7, 10, 11, 14
and 15
Textbook Reading 5 (Kidwell et al.
Chapter 14)
5 22 Aug 2016 Non-Bank Financial Institutions
Questions and problems 1, 4, 6, 9, 12 and
16
Textbook Reading 7 (Parrino et
al. Chapter 5)
6 29 Aug 2016 Time Value of Money
Critical thinking 1, 3 and 5
Questions and problems 5, 12, 15, and 17
Textbook Reading 8 (Parrino et al.
Chapter 6)
7 05 Sep 2016 Discounted Cash Flow and Valuation Critical thinking 3
Questions and problems 3, 5, 7, 14, 15 (a
only) and 18
8 12 Sep 2016 No Tutorial (Mid-session Test) No Tutorial (Mid-session Test)
Textbook reading 9 (Parrino et al. Chapter
Bond Valuation and the Structure of 8)
9 19 Sep 2016
Interest Rates Critical thinking questions 4
Questions and problems 2, 6, 16, and 18
26 Sep 2016 Mid-Session Recess
Textbook reading 13 (Parrino et al. 2nd
edition. Chapter 9)
10 03 Oct 2016 Stock Valuation Critical thinking questions 3
Questions and problems 3, 6, 8, 14, 16
and 26
Textbook Reading 6 (McKeown et
al. Chapter 9)
Professional application questions: 3, 7
11 10 Oct 2016 Consumer Credit
and 9
Professional application exercises: 17 and
Case Study

FIN 111 Subject Outline Spring, 2016 Page 7 of 15

 Textbook Reading 10 (McKeown et al.
Chapter 1)
Professional application questions: 2, 4
Financial Planning and Wealth
12 17 Oct 2016 and 8
Management Professions
Case study 1 p.431 (textbook) questions
1, 2, 3 and 4

Textbook Reading 12 (McKeown et al.

Chapter 15)
Professional application questions: 2, 4
Development of a Statement of
13 24 Oct 2016 and 10
Advice
Professional application exercises: 17 (a, c
and d only)

31 Oct 2016 Study Recess

05 Nov 2016 Examinations
14 Nov 2016 Examinations

The above program may be subject to change.

Additional Tutorial/Seminar/Workshop Comments

Students are expected to prepare answers to the tutorial questions before every tutorial. Solutions to
tutorial questions for each week will be placed on Moodle at the end of each week after all the
tutorials for the week have concluded.

Attendance Requirements

The Faculty of Business expects all students to attend lectures and tutorials as we strongly believe
that students who attend lectures and tutorials usually learn more and perform better in assignments
and examinations.

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.

Peer Assisted Study Sessions (PASS) Program

Whether you are a top performer or could use some improvement, you will benefit from the skills and
understanding gained from attending PASS. Think “Super Group” learning! It is a place to review
Lectures, consolidate your notes and explore course content at your own pace. PASS sessions are
facilitated by senior students who have previously done well in this subject and they will encourage
you to ask questions and to use your study time as efficiently as possible. Many students each year
find this subject challenging, and PASS has a strong record of helping students to succeed. In 2015,
students who attended PASS five or more times for FIN111 achieved 18 marks better on average
than non-attending students. To find out more about the multi award winning PASS Program, or to
see the PASS timetable, go to: http://www.uow.edu.au/student/services/pass

FIN 111 Subject Outline Spring, 2016 Page 8 of 15

Section B: Assessment
Assessment Summary

Assessment Item Form of Assessment %

Assessment 1 Tutorial/Lab Tasks 10%
Assessment 2 In Session Tests 25%
Assessment 3 Final Exam 65%
TOTAL MARKS 100%

Please note: Assignments may be retained for Quality Assurance purposes.

Past exam papers may be available for student review, subject to release by the library
(http://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: Tutorial/Lab Tasks - Tutorial participation and preparation

Marking Criteria Marked for correct technical knowledge and an understanding of
theoretical concepts.

Length N/A
Weighting 10%
Assessment Due 08 Aug 2016 (In Your Assigned Tutorial in Session Week 3)
15 Aug 2016 (In Your Assigned Tutorial in Session Week 4)
22 Aug 2016 (In Your Assigned Tutorial in Session Week 5)
29 Aug 2016 (In Your Assigned Tutorial in Session Week 6)
05 Sep 2016 (In Your Assigned Tutorial in Session Week 7)
19 Sep 2016 (In Your Assigned Tutorial in Session Week 9)
03 Oct 2016 (In Your Assigned Tutorial in Session Week 10)
10 Oct 2016 (In Your Assigned Tutorial in Session Week 11)
17 Oct 2016 (In Your Assigned Tutorial in Session Week 12)
24 Oct 2016 (In Your Assigned Tutorial in Session Week 13)
Type of Collaboration Individual Assessment
Style and format Tutorial participation and preparation refers to the completion of the
assigned tutorial questions listed in the tutorial program or on Moodle
for this subject. On six (6) random occasions during the semester,
students will be asked to submit their prepared solutions to
the tutorial questions for that week to their tutor for marking.

Assessment submission Tutor to collect in tutorials.

Assessment return Tutor to return in subsequent tutorials.

FIN 111 Subject Outline Spring, 2016 Page 9 of 15

Detailed information During the session each student will have submitted to their tutor, their
tutorial preparation, a total of six (6) times. Each tutorial preparation
submitted will be awarded a mark out of 2. The followings are
examples of marks student may receive:

• 2 marks for good attempt

• 1 marks for fair attempt
• 0 for poor attempt

The best five (5) results for each student will then be used to calculate
a mark out of 10. Tutorial work can only be submitted to your tutor at
the beginning of the tutorial in the relevant week. No late work will be
accepted. Tutors have been advised they can not accept late
submissions without approved academic consideration.

Assessment 2: In Session Tests - Mid-session test

Marking Criteria Marks are awarded for correct technical knowledge and understanding
of theoretical concepts.
Length 1 hour 20 mins
Weighting 25%
Assessment Due 14 Sep 2016 (In Lecture in Session Week 8)
Type of Collaboration Individual Assessment
Style and format Multiple choice and short/long answers questions
Assessment submission The examination venue will be notified via Moodle/SOLS.
Assessment return Students will be notified of their results via Moodle or SOLS within 14
days.
Detailed information Questions will be from all materials covered in week 1 to 7 (lecture
week 1-6, tutorial week 2-7) inclusive. Students will be allowed to
bring UOW approved calculators. No other material is permitted.

Assessment 3: Final Exam - Final exam

Marking Criteria Marks will be awarded to correct application of conceptual knowledge
to small problems as well as comprehensive demonstration
of conceptual knowledge through short essay questions.
Length 3 Hours
Weighting 65%
Assessment Due To Be Announced
Type of Collaboration Individual Assessment
Style and format A combination of calculation problems and short/long essay questions.
Assessment submission In the examination hall as per the university's final examination
procedures.
Assessment return Final exam papers will not be returned to students. Results will be
released on the university assigned release date.
Detailed information Students will be allowed to bring scientific, non-programmable
university authorised calculators. No other material is permitted. The
final exam will cover all the material covered over the course of the
session. Relevant formulae will be provided to students.

FIN 111 Subject Outline Spring, 2016 Page 10 of 15

Additional Assessment Information

Students are expected to use the appropriate referencing method referred to in this subject outline
where applicable.

Assignments submitted late, will be subject to the late submission penalty prescribed later in this
subject outline. Please refer to the section on late submission of assessment tasks for details.

Performance Level

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). Students who do not meet
these minimum performance level requirements will be given a Fail grade (F) on their Academic
Transcript, 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 will be given. 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.

Students should note that each credit point normally requires about 2 hours of study per week. Thus,
a 6 credit point subject requires that students commit about 12 hours study a week, including
attendance at lectures and tutorials.

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.

FIN 111 Subject Outline Spring, 2016 Page 11 of 15

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:
http://business.uow.edu.au/businesscentral/UOW155483.html. Students should ensure they receive a
receipt of submission and retain this for proof of submission.

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 for 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 period, or upon evidence of untoward or approved circumstances that fall under the
Student Academic Consideration Policy (See Section C: General Advice for Students).

FIN 111 Subject Outline Spring, 2016 Page 12 of 15

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 Faculty of Business will retain appropriate records in line with the State Records Act 1998 (NSW),
other relevant legislation, standards and University of Wollongong policies.

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
http://www.uow.edu.au/about/policy/UOW039331.html#P324_20545 for details.

Academic Integrity and Plagiarism

The University's Academic Integrity and Plagiarism Policy, Faculty Handbooks 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. This 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 http://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

FIN 111 Subject Outline Spring, 2016 Page 13 of 15

Referencing

Why do you need to reference?

At University it is necessary to acknowledge the sources of information and ideas that you have
incorporated 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 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 the body of the text. It is supplemented by a detailed list of references at the end of
the text, which provides all the information 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 the responsibility of students to ensure that they are familiar with the Harvard system of
referencing and that they use it accurately in all written work submitted.

Students should consult the following University Library website for a detailed explanation and
examples of the Harvard system of referencing
http://www.library.uow.edu.au/resourcesbytopic/UOW026621.html

A referencing and citing guide is also available via the University Library website:
http://webapps.library.uow.edu.au/refcite/style-guides/html/

Citation of Internet Sources

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, and email, Listserv and Newsgroup citations.

It is the responsibility of students to ensure that they are familiar 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 and
examples of how to reference electronic material:
http://webapps.library.uow.edu.au/refcite/style-guides/html/

FIN 111 Subject Outline Spring, 2016 Page 14 of 15

Section C: General Advice for Students
For general information on university policies and procedures relevant to students, and for details
about the range of Student Services available, please see General Advice for Students, which can be
accessed online at http://business.uow.edu.au/UOW144987.html. Hard copies of Section C: General
Advice for Students can be obtained from Business Central.

Library Services

Save yourself time and enhance your studies: connect with information specialists and resources
anytime, anywhere.

Ask Us: http://www.library.uow.edu.au/ask/UOW026599.html or Google - uow library ask us

Online – Ask a Librarian Ask questions and receive a response within 1 business day
In person – Book a
30-minute appointment with an Librarian
Librarian
1 hour appointment with an information specialist.
Research Consultation
Available to UOW academics, HDRs, postgraduates, Honours and
Service
Masters students.
By phone (02) 4221 3184

FIN 111 Subject Outline Spring, 2016 Page 15 of 15