FINS5530 Group Assignment

FINS5530 Group Assignment

Term 1, 2021

 

The financial statements for banks can look very different from those reported by most companies. The nature of banking operations means that there will be unique items on a bank’s balance sheet. In addition, banks are also subject to some unique accounting standards and financial regulations. However, once you have a solid understanding of how banks make money, i.e. how do banks generate revenue and manage their expenses, banks are relatively simple business to analyse.

 

Case Materials:

Westpac Banking Corporation’s 2020 Annual Report

 

Your Tasks:

As an expert team in banking, you and your team members are required to read Westpac 2020 Annual Report and write a detailed report analysing several aspects of the bank.

For each of the risk topics including a) Credit Risk, b) Liquidity Risk, and c) Capital Adequacy, your report is expected to address the following questions:

  1. According to your evaluation, what is the approximate risk level according to Westpac’s 2020 annual report? What are the main strategies that Westpac has used to control/manage each of the relevant risk area?
  2. Compared to the previous year, do you think Westpac has had a good management in each of the risk area?
  3. How has the COVID-19 pandemic affected each of the relevant risk area?
  4. Any suggestions/improvements you could make for the risk management strategies of Westpac?

 

General Instructions:

  • This is a group assignment. You are required to register yourself into a group via the group builder tool on Moodle. Each group should have a minimum of 4 to a maximum of 6 members.
  • Group formations must be finalized by 5pm Friday of Week 4. The sooner you finalize your group, the more time you can work on this assignment.
  • This assignment is worth 20% of your total grade. If you do not work closely with your group members and submit the assignment on time, you will attract a mark of ZERO and be excluded from the course.
  • You are encouraged to include tables and graphs in your report.
  • You may also use the textbook or other online resources as references. All sources must be carefully cited in a reference list.
  • To write a successful report, please carefully read the marking criteria in the last page.

 

Format:

  • Your written report should have a maximum of 12 pages in length. Tables and graphs are counted into the page limit. Reference list is not included in the page limit.
  • Line spacing should be at least 1.5. Front should be Arial or Calibri with a size of 12. Appropriate margin should also be used.
  • A general report structure should be used. Your report should include an introduction and conclusion with appropriate headings to facilitate reading. Executive summary is not required.

 

Submission:

  • Due date: the assignment should be submitted electronically on Moodle by the Friday of Week 10 on the 23th of April at 11:30 pm.
  • You are required to submit your assignment as a group TWICE:
    • Submit through the Turnitin link to check for copying and plagiarism.
    • Submit through the Assignment Submission link for grading purpose.
  • The submissions should be done by one member from your team and only assignments with BOTH submissions will be graded.
  • A penalty of 20% grade deduction will apply for each day of late submission after the due date.

 

               

Some Useful Links:

The links below contain resources and guidelines that can help you with assignment writing and group work:

https://student.unsw.edu.au/essayandassignmentwriting https://student.unsw.edu.au/groupwork Below are some of the references you may use:

https://www.westpac.com.au/aboutwestpac/investorcentre/financialinformation/annualreports/

https://www.westpac.com.au/aboutwestpac/investorcentre/financialinformation/regulatorydisclosures/  https://www.apra.gov.au/newsandpublications https://www.westpac.com.au/aboutwestpac/media/mediareleases/

 

 

 

Detailed Marking Criteria

Criteria Below Expectations

<50% (Fail)

Meets Expectations

50% – 74% (Pass-Credit)

Exceeds Expectations

≥ 75% (Distinction-HD)

Depth and comprehensiveness of the risk topic analysis • Demonstrates poor understanding of the implication and management of the risk topics. Does not properly identify the relevant risk topics based on information from the financial report and course materials. Fails to adequately explain arguments using supportive evidence. Provides limited explanation to models used. • Demonstrates understanding of the implication and management of the risk. Properly uses the information from the financial report and course materials. Describes the assumptions and methodology used. Explain arguments using supportive evidence. • Demonstrates in-depth understanding of the implication and management of the risk. Makes good use of the information from the financial report and course materials. Clearly describes the assumptions and methodology used. Adequately explains arguments using supportive evidence. Critically assesses the limitations of the arguments made.
Communicates clearly and concisely • Does not express aim, key ideas and information clearly and precisely, e.g.

–   Does not adapt language for written context, audience, and purpose; does not use own words or explain terminology or concepts if necessary

–   Uses inaccurate vocabulary/grammar, often making meaning unclear.

• Generally expresses aim, ideas and information clearly and precisely, e.g.

–   Adapts language for written context, audience, and purpose; uses own words and explains terminology/concepts if necessary

–   Uses sufficiently accurate vocabulary/ grammar for meaning to be generally clear

but this could be more consistent or effective.

• Expresses aim, all ideas and information clearly, precisely, and concisely, e.g.:

–   Adapts language effectively for written context, audience, and purpose; uses own words and explains terminology/concepts as appropriate

–   Uses accurate vocabulary and grammar (or has only minor errors which do not interfere with audience’s understanding)

–   Uses language effectively to reinforce message.

Structures report logically and coherently • Does not structure material logically or make a coherent overall statement to achieve aim, e.g.:

–   Each paragraph does not have a clear focus; ideas are difficult to follow; may include irrelevant material or go off track

–   Report is not structured clearly to address all questions asked, e.g. do not address all questions and tasks; inadequate introductory and/or concluding remarks; parts are loosely linked or mixed together.

• Generally structures key material logically to make a coherent overall statement and largely achieve aim, e.g.:

–   Each paragraph has a mainly clear focus, with little/no irrelevant material; readers can follow development of main ideas

–   Report is structured adequately to reinforce key points and achieve aim, e.g. all questions and tasks are addressed properly; introductory and/or concluding remarks; parts are developed and linked.

• Structures all material logically and persuasively in a well-structured report to achieve aim e.g.:

–   Each paragraph has a clear focus, with no irrelevant or repetitive material, and a logical sequence so that readers can follow ideas

–   Report is structured clearly to reinforce key ideas and distinguish from supporting details, e.g. all questions and tasks are addressed adequately; introduction clearly defines aim; parts are well-developed and clearly linked; concluding remarks reinforce key message.