HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION
HI5002 Finance for Business Group Assignment T3 2019
Assessment Details and Submission Guidelines
Trimester
T1 2020
Unit Code
HI5002
Unit Title
Finance for Business
Assessment Type
Group Assignment
Assessment Title
Research on Financial market and Capital Budgeting Analysis
Purpose of theassessment (withULO Mapping)
Students are enrolled a group up to 4 members to study, undertake research, analyseand conduct academic work within the topics of financial management from week 1 toweek 9. (ULO 1, 2, 3 and 4)
Weight
40 % of the total assessments
Total Marks
40
Word limit
Not more than 3,000 words
Due Date
Final Submission of Group Assignment and Presentation: 11:59 pm Sunday, Week 10
SubmissionGuidelines
All work must be submitted on Blackboard by the due date along with a completedassignment cover page. Make sure that your group member’s name and surname,student ID, unit name, and code and lecture’s name are written on the cover sheetof the submitted assignment. A table of contribution by group members into groupwork is also to be provided in the cover page (please see the assignment cover pageattached). The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cmmargins on all four sides of your page with appropriate section headings and pagenumbers. Reference sources must be cited in the text of the report, and listed appropriatelyat the end in a reference list using Harvard referencing style. Submitted work should be your original work showing your genuine studying.Evidence of your original work (allocation of tasks, discussion, file exchanges, drafts,etc.) need to be presented in the records of your group work in Discussion Board orGroup Blogs, available in Group Tools in your Group for Group Assignment. Yourassignment WILL NOT BE MARKED by your lecturers without the evidence of yourgroup work. Three attempts of submission are allowed for checking similarity and finalsubmission. Your lecturers only mark the final submission. As a guide, a similarityscore of over 30% is considered as excessive except in the cases where the similarityis caused by the use of template provided by the lecturers, types of assignment,references or sources of data. Please note that it takes 48 hours for the self-checkreport to be available for your viewing. Please also note that fact findings andworking at same case study project evaluation assignment like this one may yieldhigher than 30% similarity. Therefore, do not panic and shower your lecturers withemails about similarity after your submission if your work is genuine. Your lecturerswill look at details of the similarity report and ensure a proper marking without anybias on that threshold 30%.
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When you submit your assignment electronically, please save the file as ‘GroupAssignment- your group name.doc’. You are required to submit the assignment atBlackboard/Assessments/Group Assignment and Submission Link. Always keep anelectronic copy until you have received the final grade for the Unit. Please make surethat you submit the correct file in the correct format that is readable in Black Board.ANY APPEAL RELATING TO SUBMITTING WRONG FILES AND WRONG FORMATAFTER THE DEADLINE WILL NOT BE CONSIDERED.
ASSIGNMENT SPECIFICATIONSAssignment TasksThis assignment task is a written report that include 3 parts: Part 1 is a research and fact finding onAustralian financial market. Part 2 is a fact finding of financial market regulation in Australia and Part3 is a risk analysis and project evaluation. To complete the assignment, groups are recommended toobtain data and information from relevant web sites, especially websites of Australia Stock Exchange:www.asx.com.au; Australian Securities and Investment Commission: https://asic.gov.au/ and theAustralian Prudential Regulation Authority (APRA) https://www.apra.gov.au for their research andfact finding. Using secondary data (researches done by others) for fact findings in Pat 1 and Part 2 isNOT RECOMMENDED and will be PENALIZED. Please also note: group assignment for HI5002 isDIFFERENT every trimester. Attempt to submit a PREVIOUS TRIMESTER ASSIGNMENT or A WRONGASSIGNMENT will get a ZERO (0) mark without any consideration for resubmission.RequirementsThe assignment should cover the contents described bellows.
Assignment Structure and Details of Assignment Tasks
IntroductionBriefly introduction of your group’s work: the purpose of assignment, key findings and structure ofthe assignment (not more than 300 words)
Part 1. Research and fact finding of Australian financial market
1.1
Comparison of four key financial institutions: commercial banks, insurance companies,investment banks and investment funds in Australia from the perspective of a potentialinvestor who would like to invest into the institutionsCriteria for comparison include: (1) classification (the group of financial institutions it belongsto); (2) market sector of operation; (3) key business activities; and (4) main source of income.Organize your group’s comparison in a relevant table. Your group’s research should besupported by a fact finding of real life examples of a commercial bank, insurance company,and investment bank and investment fund in Australia. Your group’s discussion on eachexample should reflect the above mentioned criteria and the following information: (i) whatis the code of stock listed, (ii) when was the company’s stock was first listed, (iii) what is thecurrent market capitalization of that stock, (iv) the current total share outstanding, (v) who isthe chairman and who is the CEO of that company, (vi) a graph of five year dividend paymentfor each company and (vii) next dividend date. Using ASX and ASIC websites for the factfinding. Your group is not allowed to choose the cases I have used as examples in thisassignment instruction. Example: Commonwealth Bank is a commercial bank, which is categorized in the group ofAuthorized Deposit-taking Institutions (ADIs) in Australia. Commonwealth Bank operates
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in banking market sector. Its key business is taking deposit from individuals as well asbusinesses, and then lend those pooled savings to other individuals and businesses. Itsmain source of income is the difference between the interest rates it charges theborrowers and the interest rates it pays the depositors. The code of listed commonwealthbank stock on Australian Stock Exchange is CBA. The stock was first listed on 12/09/1991.The total outstanding share 1,770,239,507. As of 18 February 2020, CBA market cap is158.37bn, Ms Catherine Livingstone is the CBA’s Chairman, Non Exec. Director and MrMatthew Comyn is the Managing Director, CEO, Director. The next dividend payment dateis 31 March 2020.
1.2
Analysis of three financial management questions: (i) capital budgeting, (ii) capital structureand (ii) working capital managementDefine the three financial management questions and justify your group’s analysis byillustrating examples: Choose one or more events described by media (CNN Business,Financial Times, Dow Jones financial news etc.) about a company who is doing one or moreactivities related to the three financial management questions. Analyse that event (s)applying the three financial management questions. Note: Each question is to be illustratedby at least one event.Example of an event in media that reflect one of the three financial management questions:Commonwealth Bank’s Project Bond-i: Bonds on block chain in collaboration with WorldBank: “In August 2018 the World Bank and CommBank successfully launched Bond-i(‘blockchain operated new debt instrument’). It’s the world’s first bond to be created,allocated, transferred and managed through its life cycle using block chain technology”.Source:https://www.commbank.com.au/business/business-insights/project-bondi.htmlBond-I Project by Commonwealth Bank is an outstanding example of capital budgeting infinancial management. This is an investment decision to generate future cash flows for thebank in providing the auxiliary financial service of issuing debt instruments. Using block-chaintechnology to create, locate, transfer and manage debt instruments undoubtedly enable hugesaving of money and enhancing efficiency. However, the security risk may be a big potentialproblem for this project.
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Part 2. Fact Finding of Australian financial market regulation
2.1
Fact finding of the listing on ASXAssuming your group is working for a company that is considering to be listed on ASX in thenear future. Go to the website of Australian Stock Exchange (ASX), do a fact finding andpresent an analysis of Australian Stock Exchange Listing Requirements and process. Thefollowing questions should be addressed:(1) What are the advantages of being a listed company on ASX?(2) What are the problems that need to be taken in consideration for being listedcompany on ASX?(3) What are the requirements for listing on ASX?(4) What are the steps of listing procedures on ASX?(5) How listing fee is applied. Using ASX listing fee calculator to identify your selectedcompany listing fee, choosing any random number for the ranges of market cap: 10million -50 million; 50 million-100 million; 100 million-500 million.
2.2
Fact Finding of requirements on Financial advisory service registration in AustraliaAssuming after graduation you would like to work as a financial adviser. Go to the website ofAustralian Securities and Investment Commission, do a fact finding and present an analysisof financial advisor registration to identify whether you are qualified and what steps shouldbe taken to be a financial adviser in Australia. The following questions should be addressed:(1) What is the ASIC’s Financial advisers register?(2) Who should be on the Register, who are not on the Register and who updates theregister?(3) What information should be on the Register?(4) What are the relevant financial products for a financial advisor?(5) What are the professional standards applied for a financial advisor.
Part 3. Risk analysis and project evaluation
Case Study: Assume that are the financial manager of a company, which is considering apotential project with a new product that is expected to sell for an average price of $22 perunit and the company expects it can sell 350 000 unit per year at this price for a period of 4years. Launching this project will require purchase of a $2 000 000 equipment that hasresidual value in four years of $200 000 and adding $ 600 000 in working capital which isexpected to be fully retrieved at the end of the project. Other information is available below:Depreciation method: straight lineVariable cost per unit: $11Cash fixed costs per year $350 000Discount rate: 10%Tax Rate: 30%Do an analysis with cash flows of the project to determine the sensitivity of the project NPVwith the following changes in the value drivers and provide your results in (a) relevanttables:Unit sales decrease by 10%Price per unit decreases by 10%Variable cost per unit increases 10%Cash fixed cost per year increases by 10%
ConclusionSummarize the outcomes of your group’s works (not more than 300 words)
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Presentation: Your group is required to present the assignment outcomes in a video presentation.All members need to participate in the presentation using a PowerPoint slides. The presentation isin no more than 10 minutes. You can record each group member’s presentation and then mergethe video records in one big video for your group presentation.The group video presentation should be uploaded to a web-based hosting platform (e.g. Youtube)and your group is required to submit the link to the video via a separate submission link atBlackboard/Assessments/Group Assignment Presentation and Link for Submission.
Marking criteria
Marking criteria
Weighting
1. Research on Australian financial market
1.1.Comparison of four key financial institutions
4%
1.2.Analysis of three financial management questions
4%
2. Fact Finding of Australian financial market regulation
2.1. Fact finding of the listing on ASX (1 mark each question)
5%
2.2. Fact Finding of requirements on Financial advisory service registration (1 mark eachquestion)
5%
3. Risk analysis and project evaluation
3.1. Perform a sensitivity analysis with data provided
10%
4. Academic writing: Presentation, structure and academic writing
2%
Total weight of written report
30%
5. Presentation:
Presentation content
7%
Presentation skill
3%
Total weight of presentation
10%
Total weight of group assignment
40%
Page 6 of 9HI5002 Finance for Business Group Assignment T1 2020MARKING RUBRIC
Task
Excellent(80%-full marksgiven)
Very Good(71-79% marksgiven)
Good(61-70% marksgiven)
Satisfactory(50-60% marksgiven)
Unsatisfactory(0-49% marksgiven)
1. Research on Australian financial market
1.1 Comparisonof four keyfinancialinstitutions
Clearly identifythe distinctivefeatures anddifferences andalike of four keyfinancialinstitutions,basing on givencriteria or morewith exceptionalgood analysis andexplanationComparison ispresented andanalyzed in a,outstandinglogical andefficient method;Three examplesof four keyfinancialinstitutions areprovided andjustified with fullinformation.Efficient analysisand reliable dataand sources
All features offour keyfinancialinstitutions areprovided withgood analysisand explanationbasing on thegiven criteriawith goodanalysisComparison isprovided andorganized in alogical methodThree examplesfour keyfinancialinstitutions areprovided andjustified withrequiredinformation andrelevant data
Features of fourkey financialinstitutions areprovided withadequateexplanation andanalysisComparison ismade relevantlyFour examplesare providedwith adequateinformation anddata.
Features of fourkey financialinstitutions areprovided withadequateexplanation andanalysisComparison ismade relevantlybut may not becompletedFour examplesare providedwith someinformation anddata.
Analysis andcomparison offour keyfinancialinstitutions arenot completedor sufficientExamples arenot provided orprovided withlimitedinformation anddata
1.2 Analysis ofthree financialmanagementquestions
Clearly identifythe threefinancialmanagementquestions withexceptional goodanalysis andexplanationEvents selectedfrom mass mediafor illustration ofthree financialmanagementquestions areexceptionallyrelevant withoutstandingexplanation andanalysis
Clearly identifythe threefinancialmanagementquestions withgood analysisand explanationEvents selectedfrom massmedia forillustration ofthree financialmanagementquestions arevery relevantwith goodexplanation andanalysis
Clearly identifythe threefinancialmanagementquestions withproper analysisand explanationEvents selectedfrom massmedia forillustration ofthree financialmanagementquestions arerelevant withproperexplanation andanalysis
Identify thethree financialmanagementquestions withsome analysisand explanationEvents selectedfrom massmedia forillustration ofthree financialmanagementquestions arerelevanthowever withsomeincompleteanalysis andexplanation
Failing toidentify thethree financialmanagementquestions with aproper analysisand explanationEvents selectedfrom massmedia forillustration ofthree financialmanagementquestions arenot relevant andwithoutexplanation andanalysis
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2. Fact Finding of Australian financial market regulation
2.1. Fact findingof the listing onASX2.2. Fact Findingof requirementson Financialadvisory serviceregistration
Efficiently usingdata andinformationderived fromdesignatedsource to providean excellent factfinding andanalysis toaddress all thequestions.Analysis isjustified andpresented in anefficient,analytical andlogical manner.
Using relevantdata andinformationderived fromdesignatedsource toprovide a goodfact finding andanalysis toaddress thequestions.Analysis isjustified andpresented in aproper andlogical manner.
Data andinformationderived fromdesignatedsource toprovide a properfact finding andanalysis toaddress thequestions.
Using limiteddata andinformationderived fromdesignatedsource toprovide a factfinding andanalysis toaddress thequestions.
No or inadequateusing ofsecondary dataand informationfor fact finding.Incompleteanalysis.
3. Risk analysis and project evaluation
Perform asensitivityanalysis withdata provided
Presenting acorrect and wellpresentedsensitivityanalysis withproper analysisand justification;Analysis is takenwith exceptionalgood justificationand presentationof data andcalculation.
Presenting acorrect andwell-presentedsensitivityanalysis withproper analysisand justification.
Presenting acorrectsensitivityanalysis withproper analysisand justification.
Presenting acorrectsensitivityanalysis withproper analysisandjustification.However, theremay be someincorrectcalculation,limited analysisandexplanation.
No or incorrectsensitivityanalysis.
4. Academic writing
4.1 Presentation,structure andacademic writing
Demonstrated ahigh level ofunderstandingand skills ofacademic writingby means ofcriticism, logicalargument, andinterpretation ofdata andinformation.
Very rationaldemonstrationof the ability topresent theideas in properanalytical andcontextual level.
Demonstratingthe ability topresent theideas in properanalytical andcontextual level.
Demonstratinglimited skills ofacademicwriting in termsof structure,presentation,wordings andreferencing.
No relevantjustificationusing data andinformationderived from theanalysis offinancialstatements;Failing to meetthe requirementsof academicwriting in termsof structure,presentation,wordings andreferencing.
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5. Presentation
5.1 Presentationcontent
Exceptionally wellsummarised andpresentedexcellent answersfor the groupassignmentquestions
Very wellsummarized andpresented goodanswers for thegroupassignmentquestions
Adequatelysummarized andpresentedcorrect answersfor the groupassignmentquestion
Basicallypresentedcorrect answersfor the groupassignment.Errors mightpresent butminor
Insufficientlypresented orincorrectlypresentedanswers forgroupassignmentquestions
5.2 Presentationskill
The presentationis cohesive&highlyprofessionallypresented
Thepresentation ismostly cohesive& professionallypresented
The presentationis somewhatcohesive&professionallypresented
Thepresentation iscohesive &professionallypresented attimes
The presentationis not cohesivenorprofessionallypresented
Page 9 of 9HI5002 Finance for Business Group Assignment T1 2020Faculty of Higher EducationGroup Assignment Cover Sheet
Unit Code
Unit Name
Group
Due Date
DeclarationComplete this and attach as a front cover sheet to your Blackboard submission, We certifythat:1. This assignment is our own work. We have acknowledged and disclosed anyassistance received in its preparation and cited all sources from which data, ideas, words(whether quoted directly or paraphrased) were taken, where it is applicable2. This assignment was prepared specifically for this unit only.3. The reference list is truthful and accurate and in Harvard referencing style.
Student nameand ID
Campus andInteractive TutorialGroup Number
Lecturer
Which section(s) dideach person work on
Contribution(%)
Sabina EMV 23456
BNE, group 10
Phuong Duong
1.1 and 1.2
25%
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