School of Accounting, Economics and

Finance

FIN 223: Investment Analysis

Subject Outline
6 credit points

Subject Information
Autumn, 2019, Wollongong
On Campus

Lecture Information:
Tuesdays, 16:30 - 18:30, 20-4

Pre-requisites: FIN 252 OR FIN 222 OR FIN 241

Co-requisites: Nil
Restrictions: None
Contact Hours: 2 hours Lecture & 1 hour Tutorial - see Subject Outline for Schedule
Online Subject Material: http://www.uow.edu.au/student/index.html

Faculty Vision, Mission and PRME

The Mission of the Faculty of Business is to promote responsible leadership and sustainable business practice,
and contribute to a stronger economy and a more just society. The Faculty Vision, Mission and Values
statements can be found at https://business.uow.edu.au/vision-mission-values/index.html

The Faculty is also a signatory to the Principles of Responsible Management Education (PRME) and supports
the realisation of the United Nations Sustainable Development Goals. More information on PRME can be found
at https://business.uow.edu.au/about/index.html

Teaching Staff
Teaching Role Coordinator, Lecturer and Tutor
Name Dr Searat Ali
Telephone 42392211
Email searat@uow.edu.au
Room 40.240
Consultation Times Tuesday 13:30 - 15:30 (Other times by appointment)
Wednesday 13:30 - 15:30 (Other times by appointment)

FIN 223 Subject Outline Autumn, 2019, Wollongong 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 business days. If the matter is urgent, you may wish to
telephone the teaching staff whose contact details are given in this subject outline or contact 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.

Copyright
Commonwealth of Australia

Copyright Regulations 1969

© 2019 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 223 Subject Outline Autumn, 2019, Wollongong Page 2 of 15

Table of Contents

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

Learning Outcomes ............................................................................................................................................ 4
Student Learning Outcomes .......................................................................................................................... 4
Subject Description ....................................................................................................................................... 4
Course Learning Outcomes ........................................................................................................................... 4
Readings, References and Materials .................................................................................................................. 4
Major Text(s) ................................................................................................................................................ 4
Key References ............................................................................................................................................. 4
Recommended Background and Further Reading......................................................................................... 4
Additional Materials ..................................................................................................................................... 4
Lectures, Tutorials and Attendance Requirements ............................................................................................ 5
Lecture Times * ............................................................................................................................................ 5
Lecture Program *......................................................................................................................................... 5
Tutorial/Seminar/Workshop Times ............................................................................................................... 6
Tutorial/Seminar/Workshop Program ........................................................................................................... 6
Attendance Requirements - Participation/Contribution to Lectures/Tutorials/Seminars/Workshops ................ 7
Recent Improvements to Subject ....................................................................................................................... 7
Extraordinary Changes to the Subject Outline ................................................................................................... 7
Learning Analytics ............................................................................................................................................. 7
Section B: Assessment .......................................................................................................................................... 8
Assessment Summary ........................................................................................................................................ 8
UOW Grade Descriptors ............................................................................................................................. 10
Assessment Learning Outcome Matrix ............................................................................................................ 11
Minimum Performance Requirements ............................................................................................................. 11
Types of Assessment and Collaboration .......................................................................................................... 12
Submission, Retention and Collection of Written Assessment ........................................................................ 12
Submitting Assessment Tasks ..................................................................................................................... 12
Extensions ................................................................................................................................................... 12
Faxing, Posting and Emailing Assessment Work ....................................................................................... 13
Late Submission of Assessment Tasks........................................................................................................ 13
Collection .................................................................................................................................................... 13
Retention ..................................................................................................................................................... 13
Scaling ............................................................................................................................................................. 13
Supplementary Assessment ............................................................................................................................. 13
Student Complaints Policy ............................................................................................................................... 13
Assessment Quality Cycle ............................................................................................................................... 14
Assurance of Learning (What will students learn in their degree?) ................................................................. 14
Academic Integrity .......................................................................................................................................... 14
Plagiarism Prevention ................................................................................................................................. 14
Referencing ...................................................................................................................................................... 15
Why do you need to reference? ................................................................................................................... 15
The Harvard System of Referencing ........................................................................................................... 15
Section C: General Advice for Students ........................................................................................................... 15

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 3 of 15

Section A: General Information
Learning Outcomes
Student Learning Outcomes

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

1. Describe the various investment vehicles and financial markets available to investors.
2. Measure the risk and return characteristics of securities and portfolios.
3. Demonstrate an understanding and an ability to apply Modern Portfolio Theory in the construction and
analysis of investment portfolios.
4. Demonstrate an understanding and an ability to apply valuation techniques to share, bond and other
investments.
5. Explain the process of planning investment portfolios to cater for a variety of individual requirements.
6. Apply performance measurement techniques to investment portfolios.

Subject Description

This subject deals with security analysis and portfolio management. The subject is both descriptive, dealing with
a range of securities and the market they operate in, and theoretical, considering theories of the market and the
equilibrium prices of securities. Topics covered include portfolio theory and the capital asset pricing model,
portfolio management, company, industry and market analysis, investment strategies and the evaluation of
portfolio performance

Course Learning Outcomes

Course Learning Outcomes can be found in the Course Handbook

https://www.uow.edu.au/handbook/index.html.

Readings, References and Materials

Major Text(s)

Smart, S., Gitman, L. J., Joehnk, M. D., :Fundamentals of Investing, 2016. Global Edition (13e), Pearson. (RRP
$151.95)

Textbook details are available online from the University Bookshop at https://unicentre.uow.edu.au/unishop/

Key References

1) UOW Bloomberg Lab Manual

2) Bodie Z., Kane A., Marcus AJ., 2017, Investments, 11th edition, McGraw-Hill Irwin.
3) Jordan BD., Miller TW., Dolvin SD., 2017, Fundamentals of Investments, 8th edition, McGraw-Hill Irwin.

Recommended Background and Further Reading

Further readings will be advised via e-learning throughout the session.

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

Additional Materials

Additional materials will be available through e-learning in due course.

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Lectures, Tutorials and Attendance Requirements

Lecture Times *

Lectures will be held on:

Day Start Time End Time Room

Tuesday 16:30 18:30 20-4

Lecture Program *

Week Date Topics Covered Readings

Emergency Evacuation Procedures Smart et al. - Chapter 1
1 05 Mar 2019 The Investment Environment UOW Bloomberg Lab
Introduction of Bloomberg Professional Manual
How Securities Are traded Smart et al. - Chapter 2 & 3
2 12 Mar 2019 Introduction of data downloading with the Bloomberg UOW Bloomberg Lab
Professional Manual
3 19 Mar 2019 The Returns and Risks from Investing Smart et al. - Chapter 4 & 5
4 26 Mar 2019 Shares and Analysing Shares Smart et al. - Chapter 6 & 7
Smart et al. - Chapter 8 &
5 02 Apr 2019 Share Valuation and Preference Shares
16
6 09 Apr 2019 Market Efficiency and Behavioural Finance Smart et al. - Chapter 9
7 16 Apr 2019 Mid-session Examination Covers lectures 1 - 5
22 Apr 2019 Mid-Session Recess
Smart et al. - Chapter 10 &
8 30 Apr 2019 Fixed Income Securities and Bond Valuation
11
Managed Funds: Professionally Managed Portfolios Smart et al. - Chapters 12 &
9 07 May 2019
Managing Your Own Portfolio 13
10 14 May 2019 Options: Puts and Calls Smart et al. - Chapter 14
11 21 May 2019 Futures markets and securities Smart et al. - Chapter 15
12 28 May 2019 Real Estate and Other Tangible Investments Smart et al. - Chapters 18
13 04 Jun 2019 Final revision
10 Jun 2019 Study Recess
15 Jun 2019 Examinations
22 Jun 2019 Examinations

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

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 5 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
https://www.uow.edu.au/student/timetables/index.html. Please note that tutorial times on the timetable are
provisional and may change.

Tutorial/Seminar/Workshop Program

Week
Week Topics Covered Readings and Activities
Commencing
The discussion questions and problems and case problems
1 04 Mar 2019 No Tutorial are from the major text, Smart et al. (2016) at the end of
the relevant chapter.
The Investment
2 11 Mar 2019 Chapter 1: Problems 1.1, 1.2, 1.3
Environment
Chapter 2: Problems 2.4, 2.7, 2.14
3 18 Mar 2019 How Securities are Traded
Chapter 3: Problems 3.1, 3.4, 3.6
The Returns and Risks from Chapter 4: Problems 4.10, 4.23
4 25 Mar 2019
Investing Chapter 5: Problems 5.5, 5.8, 5.19, 5.29, 5.30
Shares and Analysing
Chapter 6: Problems 6.2, 6.7, 6.13 Case Problem 6.1
5 01 Apr 2019 Shares
Chapter 7: Problem 7.4 Case Problem 7.2

Share Valuation Chapter 8: Problems 8.1, 8.11, 8.22

6 08 Apr 2019
and Preference Shares Chapter 16: Problems 16.1, 16.6 Case Problem 16.1
7 15 Apr 2019 No tutorial
22 Apr 2019 Mid-Session Recess
Market Efficiency and Chapter 9: Concepts in Review Questions 9.1, 9.3;
8 29 Apr 2019
Behavioural Finance Discussion Questions 9.1, 9.2, 9.3,
Chapter 10: Problems: 10.9, 10.15, 10.18 Case Problem:
Fixed Income Securities
9 06 May 2019 10.2
and Bond Valuation
Chapter 11: Problems: 11.11, 11.26
Managed Funds:
Professionally Managed Chapter 12: Discussion Questions: 12.3 Problems: 12.4,
10 13 May 2019 Portfolios 12.7
Managing Your Own Chapter 13: Problems 13.2, 13.16
Portfolio
11 20 May 2019 Options: Puts and Calls Chapter 14: Problems 14.12, 14.13, Case Problems 14.2
Commodities and Financial
12 27 May 2019 Chapter 15: Problems 15.1, 15.5, 15.9, 15.10
Futures
Real Estate and Other
13 03 Jun 2019 Chapter 18: Problems: 18.2, 18.3 Case Problem: 18.2
Tangible Investments
10 Jun 2019 Study Recess
15 Jun 2019 Examinations
22 Jun 2019 Examinations

The above program may be subject to change.

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

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.

Extraordinary Changes to the Subject Outline

In extraordinary circumstances the provisions stipulated in this Subject Outline may require amendment after
the Subject Outline has been distributed. All students enrolled in the subject must be notified and have the
opportunity to provide feedback in relation to the proposed amendment, prior to the amendment being finalised.

Learning Analytics

Learning Analytics data (such as student engagement with Moodle, access to recorded lectures, University
Library usage, task marks, and use of SOLS) may be used by the Subject Coordinator and your faculty's Head of
Students to assist in analysing student engagement, and to identify and recommend support to students who may
be at risk of failure. If you have questions about the kinds of data the University uses, how we collect it, and
how we protect your privacy in the use of this data, please refer to
https://www.uow.edu.au/about/privacy/index.html

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 7 of 15

Section B: Assessment
Assessment Summary
Assessment Item Form of Assessment %
Assessment 1 Participation 5%
Assessment 2 Quiz 25%
Assessment 3 Report 15%
Assessment 4 Exam 55%
TOTAL MARKS 100%
Please note: Copies of student work may be retained by the University in order to facilitate quality assurance of
assessment processes.

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

Assessment 1: Participation - Tutorial participation and preparation

Marking Criteria Students are required to:

• Prepare solutions to the tutorial questions each week.

• Attend tutorial classes each week and show their workings to the
tutor at the beginning of each tutorial.
• Students are also required to actively participate in tutorial
discussions.
• Attendance at tutorials is a compulsory requirement (see General
course rules).
• The best 8 results will be used to determine your final mark for this
assessment.

Students failing to meet the above criteria will receive a zero mark for that
particular week.
Length As required by the work for that week.
Weighting 5%
Assessment Due 11 Mar 2019 (In your assigned tutorial in Session Week 2)
18 Mar 2019 (In your assigned tutorial in Session Week 3)
25 Mar 2019 (In your assigned tutorial in Session Week 4)
01 Apr 2019 (In your assigned tutorial in Session Week 5)
08 Apr 2019 (In your assigned tutorial in Session Week 6)
29 Apr 2019 (In your assigned tutorial in Session Week 8)
06 May 2019 (In your assigned tutorial in Session Week 9)
13 May 2019 (In your assigned tutorial in Session Week 10)
20 May 2019 (In your assigned tutorial in Session Week 11)
27 May 2019 (In your assigned tutorial in Session Week 12)
03 Jun 2019 (In your assigned tutorial in Session Week 13)
Type of Collaboration Individual assessment
Style and format Word processed or neatly handwritten.
Assessment submission At the tutorial.
Assessment return At the same tutorial.
Detailed information You must attend your assigned tutorial to receive a mark for that week.

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Assessment 2: Quiz - Mid-Session Test
Marking Criteria Marks awarded for most correct response to multiple choice questions.
Length 1 hour and 30 minutes
Weighting 25%
Assessment Due 16 Apr 2019 (In lecture in Session Week 7)
Type of Collaboration Individual assessment
Style and format Multiple choice questions
Assessment submission In the examination venue
Assessment return The mid-session examination paper will not be returned. The marks will be
published on SOLS within two weeks after the test.
Detailed information The mid-session exam will cover the material from the first 5 Weeks of
lectures, up to and including Week 6 tutorials.

Assessment 3: Report - Assignment

Marking Criteria Marking criteria will include:

• Format of the report

• Appropriate data collection from the Bloomberg
• Correct calculation
• Appropriate and clear of the view presented
• Correct citation and reference

Length A maximum of 6 pages or 2500 words excluding references and

appendix. Detailed guidelines for this report will be available on the Moodle
site.
Weighting 15%
Assessment Due 08 Apr 2019 (Monday in Session Week 6)
20 May 2019 (Monday in Session Week 11)
Final submission time: 5:00pm
Type of Collaboration Group work
Style and format The research report must be a maximum of 6 pages or 2500 words (plus
appendices/references).
The format should include:
- an excel file, including the data downloaded and all
relevant calculations, is required to be submitted with the report.
- a report, consisting of the executive summary, introduction, main
body, conclusion and reference.
- must be appropriately referenced using Harvard referencing style.
The assignment topic will be released on Moodle in Week 3. The structure of
the report and the marking guide are available on the Moodle site of this
subject.
Assessment submission Online via Moodle

This assessment has been set up to be checked by Turnitin, a tool which helps
you check whether you have referenced correctly. You can submit your
assessment task to Turnitin prior to the due date and Turnitin will give you an
originality report. You may then make any changes that may be required and
resubmit your final version by the due date.
Assessment return Marks will be communicated to students through SOLS.

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Detailed information There are two assessment due dates. On Monday in week 6, students are
required to submit the data downloaded from the Bloomberg terminals via
online submission. Fail to submit your data on time will result a 10% penalty
to your final assignment grade.
On Monday in week 11, students are required to submit the report and the
data (contained in an Excel file) using the Turnitin submission link on the
subject Moodle site.
The assignment topic is related to the performance analysis of listed firms in
Australia. Students are expected to write an analytic report to evaluate the
performance of the listed firms using the data downloaded from the
Bloomberg.
Students are required to form assignment groups to complete the assignment.
Maximum number of each group is 4. Assignment groups are required to
submit the names of all your group members to your tutor in Week 3.

Assessment 4: Exam - Final Exam

Marking Criteria Marks awarded for correct technical knowledge and understanding of
theoretical concepts
Length 3 hours
Weighting 55%
Assessment Due The final exam will be held during the UOW exam period. It is your
responsibility to source the time and date of the final examination via SOLS
(Student ONLINE Services) when details become available.
Type of Collaboration Individual assessment
Style and format Questions requiring calculations and short written responses. More details will
be advised in lecture of Week 13.
Detailed information The final exam will cover the topics and materials for the entire subject.

UOW Grade Descriptors

The UOW Grade Descriptors are general statements that communicate what our grades represent, in terms of
standards of performance, and provide a frame of reference to ensure that assessment practice across the
University is appropriate, consistent and fair. Grade Descriptors are expressed in general terms so that they are
applicable to a broad range of disciplines. For more information on the UOW grade descriptors see:
https://www.uow.edu.au/curriculum-transformation/aqc/uowgradedescriptors/index.html

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 10 of 15

Assessment Learning Outcome Matrix

Measures - Assessment weighting

Tutorial Mid-
Final
participation and Session Assignment
Learning Outcomes Exam
preparation Test

(5%) (25%) (15%) (55%)

Describe the various investment vehicles and financial
✔ ✔
markets available to investors.
Measure the risk and return characteristics of securities
✔ ✔ ✔ ✔
and portfolios.
Demonstrate an understanding and an ability to apply
Modern Portfolio Theory in the construction and ✔ ✔ ✔
analysis of investment portfolios.
Demonstrate an understanding and an ability to apply
valuation techniques to share, bond and other ✔ ✔ ✔ ✔
investments.
Explain the process of planning investment portfolios
✔ ✔
to cater for a variety of individual requirements.
Apply performance measurement techniques to
✔ ✔ ✔
investment portfolios.

Minimum Performance Requirements

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

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

a. Failure of the subject;

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

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

Students should note that UOW policy equates 1 credit point with 2 hours of study per week that includes
lectures and tutorials/workshops/practical. For example, in a 6 credit point subject, a total of 12 hours of study
per week is expected.

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

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Types of Assessment and Collaboration

Collaboration between students during the preparation of subject assessment tasks or case studies is only
permitted dependent upon the category of assessment task declared by the subject coordinator and as printed in
the Subject Outline.

Type 1 - Take home exams: No collaboration of any kind is permitted between students or anyone else during
formation and preparation of the contents of the student submission.

Type 2 - Group work: Collaboration is permitted between students in the same group but not with students in
other groups.

Type 3 - Individual assessment: Collaboration is permitted between students only in the form of general
discussion pertaining to relevant concepts or potential issues to be dealt with in completing the assessment.
However, collaboration must not proceed to the point where it contributes directly to the final submission
produced by the student. Joint planning of the actual contents of a student's submission is not permitted. Where
the assessment requires formulation of a set of recommendations, a problem solution, or a specific course of
action, collaboration is not permitted during their formulation. Needless to say, collaboration is not permitted
during the actual preparation and writing of the student submission.

Type 4 - Open assessment: Collaboration with other students is permitted, subject to the normal rules governing
plagiarism. That is, direct use of ideas contributed by others must be acknowledged.

Type 5 - Individual assessment and group work: Collaboration is permitted with other members of your group,
but not with other groups for the group work component. No collaboration is permitted with other members of
your group for the individual component.

Submission, Retention and Collection of Written Assessment

Assessed work must be handed in by the date and time listed under each assessment task. All assessment tasks
must represent the enrolled student's own ORIGINAL work and must not have been previously submitted for
assessment in any formal course of study.

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

Submitting Assessment Tasks

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

A Faculty of Business assignment cover sheet must be attached to each piece of written assessment task. This
cover sheet can be obtained from the website: https://business.uow.edu.au/businesscentral/UOW155483.html.
Students should ensure they receive a receipt of submission and retain this for proof of submission.

Extensions

Extensions of time to submit material for assessment can only be requested in advance of the due date for an
assessment activity through the Academic Consideration process on SOLS. For more information please refer to
the Student Academic Consideration Policy at: http://www.uow.edu.au/about/policy/UOW058721.html

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 12 of 15

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).

Collection

Assessment items will normally be returned to students within three (3) weeks of the due date. Assessment tasks
which are relevant to the final examination for the subject will be marked and available for collection prior to
the study week before the final examination.

Retention

The university retains records of student academic work in accordance with the University Records
Management Policy and the State Records Act 1988 and uses these records in accordance with the University
Privacy Policy and the Privacy and Personal Information Protection Act 1998.

Scaling

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

Supplementary Assessment

Supplementary assessment may be offered to students whose performance in this subject is close to that required
to pass the subject, and are otherwise identified as meriting an offer of a supplementary assessment. The Subject
Coordinator will determine the precise form of supplementary assessment at the time the offer of a
supplementary is made. In some circumstances you may be offered a supplementary exam. For more
information about Supplementary Exams refer to: http://www.uow.edu.au/student/exams/aboutsupp/index.html

Student Complaints Policy

In accordance with the Coursework Student Academic Complaints Policy, a student may request an explanation
of a mark for an assessment task or a final grade for a subject consistent with the student's right to appropriate
and useful feedback on their performance in an assessment task. Refer to the Coursework Student Academic
Complaints Policy for further information - http://www.uow.edu.au/about/policy/UOW058653.html

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 13 of 15

Assessment Quality Cycle

The UOW Assessment Quality Cycle provides a level of assurance that assessment practices across the
University are appropriate, consistent and fair. Quality assurance activities are undertaken to support the
continuous improvement of assessment and promote good practices in relation to assessment design, marking
and review of the subject prior to subsequent delivery.

Assurance of Learning (What will students learn in their degree?)

The Faculty of Business ensures each degree has specified course learning outcomes which assure that students
attain knowledge, skills and competencies at the appropriate qualification level. These course learning outcomes
align with the curriculum. These are evaluated through existing assessment tasks within subjects.
The Faculty uses Assurance of Learning (AOL) to assess how students meet the specified course learning
outcomes and how well our graduates have achieved these. AOL collects and analyses student results data to
continuously improve degrees offered by the Faculty which leads to improved student learning.

Academic Integrity

The University's Academic Integrity Policy, faculty moodle sites and subject guides clearly set out the
University's expectation that students submit only their own original work for assessment and avoid plagiarising
the work of others or cheating. Re-using any of your own work (either in part or in full) which you have
submitted previously for assessment is not permitted without appropriate acknowledgement. Plagiarism can be
detected and has led to students being expelled from the University.

The use by students of any website that provides access to essays or other assessment items (sometimes
marketed as 'resources'), is extremely unwise. Students who provide an assessment item (or provide access to an
assessment item) to others, either directly or indirectly (for example by uploading an assessment item to a
website) are considered by the university to be intentionally or recklessly helping other students to cheat.
Uploading an assessment task, subject outline or other course materials without express permission of the
University is considered academic misconduct and students place themselves at risk of being expelled from the
University.

Students should visit the following University website and become familiar with the University's policy on
plagiarism https://www.uow.edu.au/about/policy/UOW058648.html

Plagiarism Prevention

The Faculty of Business 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 223 Subject Outline Autumn, 2019, Wollongong Page 14 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 necessary for students to reference all sources used in their written work, including file transfer protocol
sites, worldwide web sites, telnet sites, synchronous communications (MOOs, MUDs, IRC, etc.) GOPHER
sites, email, Listserv and Newsgroup citations.

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

Section C: General Advice for Students

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
https://business.uow.edu.au/UOW144987.html. Hard copies of Section C: General Advice for Students can be
obtained from Business Central.

FIN 223 Subject Outline Autumn, 2019, Wollongong Page 15 of 15