BX2014 Financial Management 代写
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BX2014 Financial Management 代写
BX2014 Financial Management
ASSESSMENT TASK 2: INDIVIDUAL ASSIGNMENT
Aligned course &
subject learning
outcomes
Develop an understanding of the fundamental concepts of the
finance discipline.
Apply knowledge and skills of capital structure
Critically analyse complex contemporary business issues using
appropriate models and make reasoned recommendations based
on a synthesis of theory and evidence
Present complex business analyses and information
appropriately to differing audiences using clear and fluent
written communication
Aligned professional
standards/
competencies
Critically apply advanced theoretical and technical
knowledge and skills.
Justify and communicate advice and ideas.
Group or individual Individual
2000 word limit for the report and the reflection (excluding
appendices)
Due date Jan 27, 2017 @ 2359 Cairns Time
ASSIGNMENT BRIEF
1) DESCRIPTION
You are required to analyze and report on a publicly listed company. You are expected to complete
certain tasks outlined below and prepare a report.
2) CHOICE OF COMPANY
You may select ONE of the following two companies to write on:
Both these firms are publicly listed on the Australia Stock Exchange [ASX]. Qantas as you know is a
leading airline and Woolworths is one of the largest retailers globally.
3) INSTRUCTIONS:
Company: Download the 2015 ANNUAL REPORT for your selected company
Download from:
Library Database - Datanalysis http://libguides.jcu.edu.au/az.php?a=d
Annual Reports are the bottom URL on the Left-Hand Menu.
[Please refer to the guide at the end of this Assessment Brief on how to access Datanalysis].
You will be required to search for data as part of the assignment to find financial information such as the
firm’s beta and the current risk free rate (e.g. for a 10-year investment, the Commonwealth Government
10-year Treasury Bond yield is appropriate). Through the JCU library website you can access the
Morningstar database (Datanalysis). Searching other websites such as the Reserve Bank of Australia is
also required. In all cases you must note where you obtained information from and the date of access as
part of your referencing.
4) TASKS:
1. Calculate the Weighted Average Cost of Capital [WACC] using an appropriate technique.
2. Explain your calculations and the judgements you made in arriving at your answer.
3. Calculate gearing ratios and describe any difficulties in doing so.
4. Analyze your findings with reference to capital structure theory.
5. Provide a recommendation to the Board on the firm’s current capital structure.
6. Provide a reflection on your work and your report.
Points to Consider:
In undertaking your reflection, consider the following (Hint it is helpful to keep notes on your sources of
information in addition to the ones you chose).
What weights should we use when calculating the WACC, market value weights or
accounting book values? To do this find the market value of equity (no. of shares times the
share price) and the market value of financial debt (if no traded debt you may need to use
accounting book values) then compare the weight calculations with those calculated using
book values (shareholder funds plus total financial debt). Do they differ and what would you
use/
What risk free rate would you use – 30 day, 3 month, 6 month 1 year, 3 year, 10 year, of 30
year? Would it make a difference?
Should you use a published beta such as that available on the Morning Star Data Base
(Datanalysis in the Library), calculate the beta yourself (you can get share prices and market
indexes from Yahoo Finance), or pay someone to do it for you/
Do you calculate a return on the market or use the spread between the market and the risk
free rate (6% to 8% premium according to research).
Do you use the debt expense as per the accounts or some indicator rate?
BX2014 Financial Management 代写
5) OUTPUT
Please note that you are required to write a report. The report should be 2000 words long
[exclusive of appendices]. The report and appendices should be in the form of ONE Word
document. Any relevant tables / graphs / charts / excel output – should be in the appendices. In
the appendices only include data that is relevant to your explanations, calculations and
assumptions. Please do not include any live / active cells. Excel data should be in picture format
[copy / paste].
Carefully review and understand the Assessment Criteria. These are the SAME as in your
Subject Outline. You will be graded based on your clarity of expression, assumptions, analysis,
insights and conclusions.
Unable to distinguish between
practical choices when
considering the majority of
options available in
calculating a WACC
Able to use theory to distinguish
between some practical choices
but does not display an in-depth
knowledge of the theory
available in calculating a WACC
Able to use theory to distinguish
between practical choices when
considering majority of options
available in calculating a WACC
BX2014 Financial Management 代写
Self-Awareness
Demonstrates interest in and
engagement with their own
experiences as a learner.
Makes assessments of their
own capabilities and
performance that demonstrate
some accuracy.
Identifies both areas of
accomplishment and areas for
further improvement in relation
to their own knowledge, skill
development and personal
approaches to learning and
development.
Demonstrates accurate judgement
of capabilities and performance to
recognize key areas for success
in both professional and personal
well-being.
Reflection
Reviews past experiences to
describe and interpret
experiences with some depth.
Demonstrates some level of
contemplation as to how the
new insights may be applied
in the future.
Reviews past experiences to
interpret and evaluate
experiences in depth.
Demonstrates sound level of
contemplation as to how the
new insights may be applied in
the future.
Review prior learning in depth,
revealing fully clarified meanings.
Demonstrating a synthesis of life
experiences resulting in a deep
understanding of oneself and
others and an ability to flex, adapt,
and accommodate oneself to
others and extant situations.
Demonstrates a basic
understanding of context,
audience, focus and purpose
of assigned task (e.g.:
displays a basic awareness
of audience’s requirements
/expectations).
Demonstrates a sound
understanding of context,
audience, focus and purpose of
assigned task (e.g.: displays
awareness and reasonable
alignment with audience, purpose
and context).
Demonstrates a high level
understanding of context,
audience, focus and purpose of
assigned task (e.g.: displays
alignment with audience,
purpose and context).
Content
Development
Logical flow, critical
analysis, clear & relevant
outcomes; concise and
cohesive
Demonstrates basic ability to
organise content in a logical,
concise and cohesive
manner with basic critical
analysis, and outcomes
supported with evidence.
Demonstrates sound ability to
organise content in a logical,
concise and cohesive manner
with sound critical analysis, and
outcomes supported with clear
evidence
Demonstrates a high level of
ability to organise content in a
logical, concise and cohesive
manner with high level critical
analysis, and outcomes
supported with quality evidence
Control of Syntax
and Mechanics
Sentence construction;
grammar; punctuation &
spelling
Uses appropriate language
that generally conveys
meaning to the readers,
although writing may include
some errors.
Uses appropriate language that
conveys meaning to readers with
clarity and minimal errors.
Uses appropriate language at a
high level that conveys meaning
to readers with clarity, and is
virtually error-free.
BX2014 Financial Management 代写
