Hey, I need help with the individual component of the assignment. Need to write and individual report on the group work done(Ifm final.docx). Please refer to the pdf for the individual report question.
Afin8067 International Financial Management Syndicate Report Group Component (20%) The length of the group component is 1500 words. Only the first 1500 words will be read and your mark will be based on this. Ensure that all sources are referenced using the Harvard Referencing Style and that all assertions etc are supported by literature. Assignments must be presented in a professional manner and should be spell and grammar checked. Assignment Question As a recent graduate of Afin 8067 you and your friends have been lucky enough to be offered a consulting opportunity at Bridge Consulting Pty Ltd. In this assignment you are required to review the International Financial Management of a company of your choice by completing the tasks listed below. Required: The report should be structured in the following manner: • Brief Executive Summary. • Critical analysis of the current international financial risk management tools used by company chosen. International financial risk management relates to the management of commodity, currency and interest rate risk. This should also include recommended improvements. • Critical analysis of the funding used by company chosen. This should look at the types and sources of funding used. This should include any recommended improvements. • Any other issues you may wish to raise. Marks will be awarded on your ability to cover issues discussed in class. This should include any recommended improvements. • Any calculations should be contained in an appendix to the main report. The report and executive summary need to be of a high standard and contain persuasive but balanced arguments. • Presentation • Depth of Research • Quality of Analysis • Level of Persuasive Argument • Application of the concepts covered in class. Any questions about the assignment should be addressed through the discussion board function in iLearn. Submission: • One member of the group must submit the assignment to Turnitin and note down the receipt number and similarity percentage. • These details need to be placed on the front page of the assignment submission. • One member of the group needs to submit the assignment via the group assignment link in ilearn. • Failure to properly submit may result in a late penalty until it is submitted correctly. Group Assignment Effectiveness 1. You need a timeline and rules of communication/meetings! 2. Meet with a purpose as to what you want to achieve. 3. Assign each member a task and a deadline for completing the task. 4. Meet regularly to review each other’s work. 5. Make sure the final report is cohesive – one member gives it the final polish. Group Component Grading Rubric 100% 80% 70% 60% 50% 30% Weighting Excellent Very good Good Acceptable Marginal Fail Overall Relevance of content to topic 30% - Depth of Research 20% - Depth of Analysis 20% References quality and quantity 15% - Presentation 15% - Overall - Individual Report (20%) This section should be no more than 500 words. Based on the group component, each member should. 1. Prepare a brief introduction 2. Highlights the strengths and weaknesses of the group analysis conducted 3. Recommend any areas of improvement for the analysis 4. Conclusion (Including recommendations) You should also comment on the relative strengths and weaknesses of your entire analysis (inclusive of the syndicate report). Your discussion should focus on what the analysis has accomplished and what are the limitations. As above, it is expected that the individual report limit would be 500 words. The report is to be submitted electronically via Turnitin within iLearn. Each student must submit their assignment to Turnitin by the due date. Individual Component Grading Rubric Introduction 0 mark 1 mark 2 mark No attempt or little structure of an Introduction. Clear introduction that includes most of: - Issue - Findings - Recommendations Includes all of: - Issue - Findings - Recommendations Analysis of the strengths and weaknesses of the Syndicate report and associated concepts 0 marks 2 Marks 4 Marks 6 Marks Little attempt to develop appropriate arguments. Limited attempt at evaluating concepts. Lists the pros and cons of the analysis but little evaluation of the strength of one over the other etc. Well-developed arguments. Attempt to evaluate a wide variety of concepts. Structuring of materials/arguments in a logical manner. Well-developed arguments. Analyses all issues in a logical and consistent way to reach appropriate conclusions Excellent structuring of materials/arguments in a logical manner. Recommend any areas of improvement of the analysis 0 marks 2 Marks 4 Marks Little attempt to develop recommendations. Development of basic arguments that have little relevance to the strengths/weaknesses identified Well-developed arguments. Detailed Recommendations. Structured to reflect the issues identiofied above Conclusion 0 Mark 1 Mark 2 Marks 3 Marks Little of no conclusion Simple attempt at conclusion. Not summarizes the issues or introduces new concepts. Makes a reasonable attempt at conclusion but fails to provide an end point to the analysis Excellent Effort. Clear, concise and allows reader to make a definite decision. Depth and quality of research 0 Mark 1 Mark 2 Marks Very little attempt of research displayed and/or no reference list. • Use of some research to support some arguments. Research that is of a poor quality or not acceptable. Fails to use academic or industry journals. Contains errors. Excellent quality of research including academic or industry journals. No referencing errors. All arguments are supported. Grammar, Spelling and Referencing 0 Mark 1 Mark 2 Marks 3 Marks Poor grammar, spelling and research. Many fundamental grammar and spelling errors. Some evidence of correct spelling, grammar and research. Contains many errors. Good quality of spelling, grammar and research. Contains some errors No Errors AFIN8067: INTERNATIONAL FINANCIAL MANAGEMENT Session-1, 2020 SYNDICATE REPORT on Flight Travel Group Ltd. Submitted by Group 12 -Ajay Yadav -Aditya Dumbre -Muhammad Zark -Sarvika Sood (45575800) -Shubham Shokeen (45548196) -Yupa Kalyar Contents Background Information2 Critical Analysis3 International Financial Risk Management3 Interest Rate Risk3 Foreign Exchange Rate Risk3 Sources of Finance4 Background Information Flight Center Travel Group is one of the leading travel agency groups in Australia and operates throughout the globe with a network of more than 20,000 employees worldwide. In addition to its direct network in multiple countries including the USA, UK, China, Germany and Canada, FCTG also collaborates with local operators in various countries using licensing agreements. It is a listed company in the Australian Stock Exchange and has won multiple national awards for being the best firm in the travel agency industry. It’s main areas of business include travel retailing. Also tour operators, hotel management, Destination Management Companies (DMCs) and wholesaling are included. It mainly focuses on two areas of the travel industry, leisure travelling and corporate travelling. It divides its business model into two segments in order to target effective markets in the best way possible. Where corporate travel is popular in the foreign markets, there is high demand for leisure travelling within and outside of Australia from the residents. (S., et al., 2019) During the financial year ended 2019, FCTG hit a record Total Transactions Value of $23.7 billion, which was $2 billion higher than the TTV for the year 2018. Contrary to the increase in total revenue and transactions value, FCTG did not earn Profits Before Tax, standing at $343.1 million, higher than the preceding year, even though they met the budgeted targets for the year. Perhaps the change in business mix and investments during the year can be held responsible for the unexpected turnout. Apart from the change in business mix, FCTG also experienced a decrease in sales within Australia and its leisure travel industry, even though the boom that followed through from growth in international sales, especially in the Asia-Pacific region and in the USA, covered for the loss of sales revenue from Australia. According to the Annual Report, the slump in Australian demand came about due to a number of factors; including a new sales system, brand consolidation and a new wage mechanism for front-end sales staff. (H., et al., 2009) During the year, FCTG made investments in technological advancements and software to improve their global standing in the travel industry using $352 million of company owned funds and $185 million in borrowings. This may have negatively impacted the gearing ratio of FCTG. In addition to this, the company strives to provide a user-friendly experience to its customers with increased automation, especially in its corporate travel plan, which consists of Corporate Traveler, FCM and the MICE. Critical Analysis International Financial Risk Management Interest Rate Risk Annual report of ‘Flight Center Travel Group Ltd’ states, the company engages in a number of transactions on the basis of borrowing, which involves interest payments at varying interest rates throughout the fiscal year. This makes the company prone to the risk of fluctuating interest rates. For instance, the fiscal year 2019 saw a borrowing of $250 million from different debt facilities. The company recognized $160 million by the end of the year and thus, these required interest payments at year end. For Flight Center Travel Group Ltd, there is a big chunk on long-term borrowing which are due to be paid in more than 2 years, i.e. $100 million. A very strong measure of ‘interest rate risk’ and its impact on the financial statements of an organization is