英國森德蘭大學金融專業留學生essay指導-finance assignment lroeal 

 

Learning outcomes:

• Identify and evaluate the main sources of funds available to an organization and understand the key determinants of an organization’s capital structure and the risks these pose to the organization.

• Describe and critically reflect upon the key issues involved in the effective management of an organization’s finances.

• Apply theoretical concepts and frameworks to a range of practical situations in order to propose solutions to business problems. 

學習成果：

•確定和評估組織提供資金的主要來源，了解組織的資本結構的主要決定因素和風險，這些姿勢的組織。

•描述和批判反思的有效管理涉及的關鍵問題組織的財政狀況。

•應用理論的概念和框架，以一系列的實際情況，以便提出方案解決企業問題。

 

The purpose of this assignment is to ensure that the students have a basic level of skill in strategic financial ratio analysis. The students will also learn to analyze and critically discuss the performance and the position of the companies chosen for the assignment. In addition, this assignment is to help familiarize the student with library sources of industry financial standards.

 

The overall paper has an introduction, a body (comprising of formulas, calculations, interpretations and critical review) and conclusions.  The overall conclusion of the paper is a comparative evaluation of the firm to its industry to determine the overall STRATEGIC financial health of the firm

 

The content of each analysis is composed of three parts.  First, as per the instructions in the readings, students will calculate financial ratios for each firm.  It is not necessary to calculate every possible ratio for the firm but you must calculate at least three to four ratios in each of the five major areas (activity, liquidity, leverage, market performance, and profitability).

 

Next, the students will determine what the industry's standards are for the firm.  These are found by consulting any of the reference books on the subject or by constructing a market basket of competitors.  You will need to create a basket for the stock market ratios in any case (industry average comparisons). As for this purpose, students are strongly encouraged to use online resources such as the LONDON STOCK EXCHANGE, BURSA MALAYSIA REPORTS, YAHOO FINANCE, or refer to any books/issues/annual reports on Industry Norms/Industry performance. However, if the industry players are difficult to identify, students are allowed to choose the company’s closest competitor as their benchmark when performing the cross-sectional analysis. This decision requires supporting documents as justifications, from the media or other relevant sources.#p#分頁標題#e#

 

In any case, you will present a table for the firm that shows its ratios and your industry standard.  It is not necessary to repeat the table in the body of your assignment.  You will describe the differences between the firm and its industry.  Lastly you must explain what being over or under the industry standard means strategically, operationally or tactically.  As an example, if a firm has a lot more inventory than the industry standard, they may be losing money from the costs of holding that inventory.  Alternatively, if they have too little inventory they may risk stock outs. REMEMBER THIS ASSIGNMENT IS TO DEVELOP YOUR SKILLS IN STRATEGIC FINANCIAL ANALYSIS.  DO NOT PLAGIARISE FROM OTHERS INCLUDING PUBLISHED SOURCES.  YOU WILL RECEIVE A “0” IF YOU DO.

 

Project Outline

 

• Each individual is to choose a company listed on EITHER 1) New York Stock Exchange (NYSE) or 2) FTSE Bursa Malaysia (FBM KLCI), and then submit the name of the chosen company attached with its stock quote, to the respective lecturer, a week after the discussion of the assignment question. Then, you are required to identify the industry in which the company is operating.  

 

• Describe the background of the company. Include the details of the top management and board of directors of the company that you have chosen. You may also include the names of the top managers/directors and success stories of or anything unique or special about the company. A brief discussion about the industry is also required.

 

• Analysis should be viewed in terms of trend analysis and cross-sectional analysis.  Trend analysis is to be performed over a period of 3 years, for instance, 2006-2008, or 2007-2009, 2008-2010.

 

• Show all the calculations and interpretations for each of the areas (activity, liquidity, leverage, market performance, and profitability).

 

• Find out the major dilemmas, challenges, strengths, weaknesses faced by the company that you have chosen and compare the findings against the industry’s norms. These findings should be included in the critical review part.

 

• Show the conclusions and recommendations and clearly indicate the future outlook of the company.

項目概況

 

每一個人都是選擇上市公司1 ）紐約證券交易所（NYSE ）或2）富時大馬（FBM KLCI ） ，然后提交附有其股票報價所選擇的公司的名稱，相應的講師一個星期后的分配問題的討論。然后，你需要確定公司經營所處的行業。#p#分頁標題#e#

 

•描述背景的公司。包括你所選擇的公司的董事，高層管理人員和董事會的細節。您可能還包括高層管理者/董事及成功的故事，或任何有關該公司獨特的或特殊的名字。對這個行業還需要一個簡短的討論。

 

•分析應被視為趨勢分析和橫斷面分析。趨勢分析是一個進行為期3年，例如， 2006-2008年， 2007-2009年， 2008-2010年。

 

•顯示所有的計算和詮釋的每一個領域（活動，流動性，杠桿率，市場表現和盈利能力） 。

 

•查找出的主要困境，挑戰，優勢，劣勢所面臨的公司，你選擇和比較的結果，對行業的規范。這些研究結果應包括在嚴格審查的一部分。

 

•顯示的結論和建議，并明確表示該公司的未來前景。

 

The assignment can be done in less than 20 pages, but with a maximum of 30 pages, not including appendices.  You need a cover sheet but do not need a binder. Please refer to the university’s LMS assignment format and the material can be downloaded from the university’s LMS. Standard format: Times New Roman, font size of 12, double spacing, one-inch margins. The table of calculations and work-out can be attached in the Appendices of the assignment. Hand-written assignment will not be accepted.

 

The deadline for assignment submission is set at 12:00p.m. on Wednesday of Week 9.  All assignment groups are required to submit their assignments to their respective class representatives (CRs) before 12:00p.m. and the CRs should submit the collected assignments to their respective lecturer before the deadline. 

 

Any assignment submitted after the due date, without an approved extension, will be penalized. A penalty of 10% reduction of the allocated mark to the assignment will be levied for each day of late submission. Weekends and public holidays are included in the calculation of late submission.  Assignments submitted more than seven (7) days after the due date will be awarded with zero (0) marks. 

 

Appendices: All appendices should be listed on a separate page after the reference section.

 

**Note: Please attach the marking / assessment scheme below before submission;

 

No. Description Weightings Marks Allocated

1 Introduction:

• #p#分頁標題#e#The company’s background (the industry it is operating in, its nature of business etc..)

• The company’s management (BOD, CFO, etc…)

10%

 

10%

2 Body:

• Formulas and calculations (Time-series analysis data)

• Formulas and calculations (cross-sectional analysis data)

• Interpretation and critical review using time-series analysis

• Interpretation and critical review using cross-sectional analysis.

 

50%

3 Conclusions and recommendations (Overview of the company’s performance and position, the company’s standing in the industry, future outlook, opinions, etc…) 20%

4 Presentation 5%

5 References 5%

Total 100%       /100

 

 Assignment steps to be taken

 

Steps: 

1. Choose a company which is listed on either one of thestockexchanges (NYSE or KLCI)

2. Find out what industry the company is in.

3. Identify its major competitor (only one competitor)

4. INTRODUCTION: Write about the company’s nature of business, its industry..etc

5. INTRODUCTION: Write about the company’s management people

6. BODY: Look at the company’s annual reports, choose which year (total 3 years) for your ratios calculation.#p#分頁標題#e#

7. BODY: Look into the competitor’s annual report and decide which year you want to use for ratio calculation for your competitor (only ONE year, and normally the FINAL year)

8. BODY: Calculate the ratios for both companies based on the number of years you have choosen. There are 5 types of ratios (liquidity, activitiy, profitability, market performance and leverage ratios). For each ratio, perform the calculation for at least 3 www.ttc-switch.com sub-ratios underneath each of the 5 main categories. (For Guidance on calculations and interpretation, please refer textbook; Gitman, Chapter 3)

**This is only ONE example shown, Please compute ratios for the other 4 more Categoris. (I will introduce the other ratios next week during the lecture, TQ…)

Eg: (A) Profitability

• ROA = (Net profit/Total Assets)*100%

 

• ROE = (Net Profit/ Total Equity)*100%

 

• Net profit Margin = (Net Profit/ Sales)*100%

9. BODY:After calculating the ratios for your company, you can continue which ratios calculation for your competitor (ONLY ONE YEAR)

10. BODY: Based on your ratio calculations, interpret the performance of your company from year to year, and compare it with the Competitor’s performance.

**You may refer to the examples from your textbook, end of Chapter 3.

11. CONCLUSIONS AND RECOMMENDATION: (**All within your own creativity and discretion.) You CAN judge on the company’s future direction, its major strengths and weaknesses, etc.. Be creative.. ;-P