...Class of: 2013 Course Title: Financial Risk Management (FRM) Semester: III Credits: 3 Course Objective & Learning Outcome: This course gives students a working knowledge of derivative instruments and their applications in managing various types of financial risks. While doing so, students would understand the organizational aspects of those risk functions and their roles & responsibilities. The emphasis is on mechanics, properties and valuation of forwards, futures, options and swap instruments. In covering these instruments, cases, examples and notes would be sought from markets so as to provide a holistic view of the financial market structure i.e., currency, fixed income, equity and money markets. Cases discussed in the class would be contemporary in nature drawn from international experience. Pre-requisites: Students are advised to be through with Financial Management I, Financial Management II and Quantitative Methods. Students are expected to go through all the reading prescribed before every class and make a meaningful contribution through active class participation. The course is delivered through a combination of case discussions, problem solving, real life risk reports and simulation. The course would have an analytical and numerical flavor and hence students are required to bring their calculators/laptops to every class. Text Book: 1. Hull, John C. & Basu, S., Options, Futures, and Other Derivatives, 7th Edison, Prentice-Hall...
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...The role of writing in financial field Abstract As far as we are known, writing plays an important role in our daily life and is essential to all people from all walks of lives. Writing can prompt the fast development of the individual progress as well as their professional capacity as well. I am willing to come true this aim in the way of writing, so I do my best to interview a person, her name is Doris. We have the opportunity to pick up some techniques and significant skills in the way of giving question-- how to write in an appropriate way in some degree. Now, Doris is working in financial field. There is no doubt that we can learn some key points of how to write something in this field from her useful and important experiences. This assignment which is an informational report aims to give a brief introduction about the different genres of writings, then provide some useful instructions to her expected audience, what’s more, making those audience known that writing can convey unexpected reflection of our daily life in reality. The importance of writing in financial I have acquire that writing could promote her to achieve a lot of things during the process of her career such as data analysis, strategy decision making, and more about the international business. Moreover, Doris has spent 3 more years working in this field. And everyday, she takes one and a half to write. Meanwhile, she will try her best to finish her tasks, no matter how difficult the tasks are, she...
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...CPA Program The Practical Experience Guide EVE CHENG CPA SENIOR ANALYST BHP BILLITON Contents Practical experience requirement How to identify if your role is relevant Where do you fit? What skills areas do you need to demonstrate? Your mentoring relationship How to record your experience in the logbook The skills guide Personal effectiveness skills Leadership skills Business skills Technical skills 3 4 6 7 8 10 11 12 13 14 15 MICHELLE ROACH CPA 2 Practical experience requirement Did you know? Our studies show that members consistently perform better in their segments when they are enrolled in the practical experience requirement The practical experience requirement of the CPA Program gives you the opportunity to use the knowledge and skills gained in your education and apply them in your workplace. Combining your education with mentored practical experience will give you the opportunity to develop and demonstrate highly sought after technical and soft-skills that will benefit your entire career. Starting your practical experience requirement means that you are one step closer to your goal of becoming a CPA. CPA Australia recommends that you start the practical experience requirement and the professional level segments at the same time, if you are employed in a relevant role. What are the requirements? • complete a minimum of three years of relevant full-time or equivalent part-time work experience • demonstrate competence in 16 personal effectiveness...
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...analytical and educational background Management experience Diverse work and life experience Experience 02/2010 – present Raiffeisen Bank International AG, Austria Credit management corporate, Director Counterparty credit risk and underwriting management in European emerging markets with special focus on Russia and Ukraine. 12/2008 – 01/2010 Structuring complex corporate credit transactions such as LBOs and investment loans. Developing an advanced internal tool for calculating Risk weighted assets under both standardised and IRB approaches. Developing and implementing industry concept in credit risk management. Reporting large and complex transactions to the bank’s Credit committee and Management board. Exercising my own approval competences for approval of credit transactions. Mentoring junior professionals and trainees in the department. Raiffeisenbank AD, Bulgaria Corporate credit risk, Head of department Managed a credit risk department of 10 risk professionals responsible for the largest corporate credit risk exposures. Was a voting member of the bank’s credit committee with own approval authorities. Steering the credit committee meetings. Participated in risk related projects originated in head office improvement, Data Quality management, Regular risk reporting). Met National Supervisory in terms of IRB application status of the bank. (Rating model 06/2008 – 11/2008 EFG Eurobank AD, Bulgaria Credit risk management, Head of department Managed...
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...Behavioural Finance Financial Risk Management Table of Contents Table of Contents 1 Risk Management Paper ........................................................................................................ 2 1.1 Introduction and interpretation .................................................................................................... 2 1.2 Implementation ............................................................................................................................ 4 1.2.1 Aspects to consider ....................................................................................................................... 4 1.2.2 Implementation Process ............................................................................................................... 8 2 Appendix I – References ....................................................................................................... 10 Date: 24 of May 2012 th i Risk Management Paper 1 1.1 Risk Management Paper Introduction and interpretation If at the beginning of 2011, a highly respected person advised me that I was going to live through three major earthquakes within a year I would have struggled to believe them and justify arguing with the historical and scientific data, which clearly states the converse...
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...CPA Program The practical experience guide and logbook If you require further information about the practical experience requirement, or would like to notify us of a change, please contact CPA Australia: practicalexperience@cpaaustralia.com.au or contact your local office – details can be found on the inside back page of this guide. Disclaimer The material used in this booklet has been designed and prepared for CPA Australia’s practical experience requirement. It provides tailored guidance for mentors who are registered in CPA Australia’s practical experience requirement. The booklet and contents should not be used for any other purpose. CPA Australia, the publisher and the author of this booklet take no responsibility for any loss incurred by any person who relies on guidance offered in this booklet. Legal notice Copyright CPA Australia Ltd (ABN 64 008 392 452) (“CPA Australia”), 2010. All rights reserved. Save and except for third party content, all content in these materials is owned by or licensed to CPA Australia. All trade marks, service marks and trade names are proprietory to CPA Australia. For permission to reproduce any material, a request in writing is to be made to the Legal Business Unit, CPA Australia Ltd, 385 Bourke Street, Melbourne, Victoria 3000. CPA Australia has used reasonable care and skill in compiling the content of this material. However, CPA Australia and the editors make no warranty as to the accuracy or completeness of any information in these...
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...Study: Coca-Cola HBC Treasury Takes Control of Commodity Risk Management Dimitris Papathanasiou, Coca-Cola HBC - 11 Sep 2013 Coca-ColaHellenic Bottling Company standardised its approach to risk management by transferring commodity risk management into treasury, so this central and vital business process could be managed by experts on an integrated basis with other financial risks and overseen by the financial risk management committee. This case study explains how organisational changes, combined with the introduction of risk management technology, enabled the organisation to plan and execute a consistent, cost-effective hedging strategy, with reduced counterparty risk exposure levels, improved transparency and stronger levels of control. Coca-Cola Hellenic Bottling Company (Coca-Cola HBC) is the world’s second largest bottler of the Coca-Cola Company’s products and the largest in Europe. Net sales revenue for fiscal 2012 was €6.8bn. Coca-Cola HBC is headquartered in Zug, Switzerland, and has a premium listing on the London Stock Exchange and a secondary listing on the Athens Exchange. It serves approximately 581m people in 28 countries. The company decided to concentrate its commodity market risk management within the treasury department, in response to high levels of profit and loss (P/L) volatility and the relatively high credit risk with its suppliers. The ensuing project involved change management for transfer of the company’s commodity risk hedging to treasury...
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...A risky business Dodie: We are all here now. As you know that Zelal Sulen is our new boss now. After she took up the official post, she found that Hi-Style is out of touch with its target consumers and is losing direction. As the member of manager consultants, for this point, today we need to think out at least two options to advise her to improve the situation. Am I understood? And think a while... Okay, let's make a start. Who want to speak first? Lily: Well, in my opinion, Hi-Style could allocate £10m to new investment in the business. For example, it could improve distribution and sales through an exclusive agreement with a major retailer, which could provide a steady marketing channel. Second, to launch new product ranges with major advertising campaigns. Thus, new products will be known to customers. Hi-Style could definitely reach wide publicity. Thirdly, to employ brand development consultants so as to improve its image. Brand development consultants are more professional so that better brand image will be built, leading to its properous future. Fourthly, to hire a top retailing executive to run the business. Therefore, the business will be more smooth and sales will be increased. The last one is to commission City Associates to do a thorough review of all Hi-Style's activities, from which Hi-Style could catch a better understanding of the whole business to control its operation. Dodie: Good.Thanks. Lily. And what's your opinion, Serena? Serena: Well, I prefer the...
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...Improved Hatchery Management Intervention Sustainability Check Enumerator instructions: * Interview partner hatcheries and their client nurseries producing and selling better quality hatchling/fingerling * Interview the partner hatcheries and their client nurseries individually in their place where they have access to their financial records. If they do not have all the information to hand, offer to come back once they have had an opportunity to consult their records. * Administer the questionnaire. Probe responses and keep a note of the answers in the boxes provided. Sustainability check: questionnaire Name of the Hatchery | | Address | | Name of respondent | | Telephone number | | Email address | | Date | | Q1. On average, how many hatchlings/fingerlings are you producing in a season? Define duration of a season (How many months?) | Q2. Is this number higher/lower than previous seasons? High Low Please give the reason for this? | Q3. What is the quality of hatchlings/fingerlings in terms of mortality and vigor? Good Average Poor Please give the reason for this? | Q4. Has the quality of hatchlings/fingerlings improved than before? Yes No Stayed same Please give reasons? | Q5. In the last 12 months, have you made any improvements to your hatchery/nursery? Yes No If yes, please explain what improvements you did you make? Why did you make improvements? How much financial/non-financial contributions did...
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...Short title 1 Running Head: Short Title? Title ? Keller Graduate School of Management Short title 2 1.0 Executive Summary Saint Patrick’s Nursery is debating on whether or not to incorporate Wednesday into their regular schedule. The nursery can compete with hourly daycare offer by Play Date and the Child Development Centers of the Army base Fort Bragg. The lower price that they offer will help the nursery compete against others, adding value and a good reputation to the service provided. The focus is to meet the demands of the stay at home parents requesting the need of one more day. The financial objectives are to obtain at least ten kids from ten different households, pay at least three employees and at still break-even for that particular day. 2.0 Situation Analysis Saint Patrick’s Nursery was open about 20 years ago with the purpose of taking care of kids while the parents attended mass. Throughout the years the nursery requests from parents has help developed the concept of Parent’s Morning Out (PMO) open on Tuesdays and Fridays morning only. It has come to the attention of the current Nursery Director the need of one extra day. However, in order to open the nursery on Wednesdays, the nursery must have at least ten children from ten different households. This is due because children from the same household receive a discount for the service. Hourly daycare is increasing in popularity and demand. Stay at home parents find it more easily to find...
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...ble Sustainable Business Management MNG10253 Business Analysis Bimdadgen Nursery Submitted Friday 25th October By Jason Sleeman Student Number: 21348891 Contents Page 1. Introduction 3 2. Scope of Analysis 4 3. Background 5 4. Water Management 6 4.1 Recommendations 6 5. Pollution/ Waste Management 8 5.1 Recommendations 8 6. Energy Management 10 6.1 Recommendations 10 7. Land Management 11 7.1 Recommendations 11 8. Transport Management 12 8.1 Recommendations 12 9. Sustainable Accounting System 14 9.1 Recommendations 14 9.1.1 Environmental Performance Indicators 14 9.1.2 Social Performance Indicators 14 9.1.3 Economic Performance Indicators 15 10. Social Aspects 16 10.1 Recommendations 16 11. Future Sustainability Outlook 18 11.1 Sustainable Image 18 11.2 Short-term Recommendations 18 11.3 Long-term Recommendations 20 12. Conclusion 22 13. Resources 23 1. Introduction: This document will attempt to apply the 4 principles of natural capitalism in an effort to transform Bimdagen Nursery into a sustainable organisation. It is also recognised that many of the recommendations made relate to environmental conservation in that they require further processing and are not totally sustainable and renewable. Sustainability encompasses maintaining a...
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...your own future. Whatever your reason for needing childcare, there are many different types available, including childminders, nannies, crèches and pre-school groups. They all offer different kinds of care and educational benefits and you should identify what’s right for your particular needs. In most cases your local Family Information Service can help. Mama Bear’s is an integrated Day Nursery and Pre-School. The benefit that Mama Bear’s offers you and your family is that we offer continuity of care and education from Monday to Friday, from 7.30am to 7.00pm, 51 weeks of the year for children from 3 months until they go to Reception Class in the September after they are 4 years of age. Children at Mama Bear’s benefit from contact with other children and the social interaction of the group. There are a large number of toys and resources available in this well-maintained setting, as well as a staffing structure that supports good planning, implementation and continuity of activities. Mama Bear’s has comprehensive policies and procedures as well as a strong and visible Management team to ensure that high standards are maintained by suitable staff at all times. All staff are committed to continuous...
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...Case #9: HORNIMAN HORTICULTURE Synopsis and Objectives This case captures the problems concerning cash flow and working-capital management typical of small, growing businesses. At the end of 2005, Bob and Maggie Brown have completed their third year of operating Horniman Horticulture, a $1-million-revenue woody-shrub nursery in central Virginia. While experiencing booming demand and improving margins, the Browns are puzzled by their plummeting cash balance. The case highlights the difference between cash flow and accounting profits, as well as the common negative effects of growth on cash flow. It also provides a forum for instilling appreciation for the relevance of free cash flow to business owners and managers, introducing financial-ratio analysis, developing the concept of the cash cycle and working-capital management, and motivating the use of financial models. Questions 1. What is your assessment of the financial performance of Horniman Horticulture? 2. Do you agree with Maggie Brown’s accounts-payable policy? 3. What explains the erosion of the cash balance? 4. What do you expect the financial position of the business to be in 2006? Extend the financial statements through 2006, assuming that Bob Brown grows revenue by 30%. Note: To make the balance sheet balance, define cash as equal to (Curr. liab. + Net worth) – (Accounts receivable + Inventory + OCA + Net fixed assets). What are the alternatives for solving the business’s cash problem? The free-cash-flow calculation...
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...of botanical plants for the natural supplement industry as well as plant nurseries. By leveraging a well thought out business plan executed by a skilled management team, Botanical Bounty will generate over $216,000 in year three sales. Keys to Success Botanical Bounty has identified three keys that will be instrumental in their success. The first is the implementation of strict financial controls. By having the proper controls, production efficiency will be maximized. The second key will be the never ending pursuit for the industry’s highest concentration levels of botanical ingredients in each plant. The third key is the recognition and implementation of the philosophy that 100% customer satisfaction is required to ensure a profitable business. Profits are a by product of satisfying customers, not the other way around. Products Botanical Bounty is a 10 acre farm that concentrates on the growing of botanical medicinals. Botanical Bounty has chosen five plant species that have significant market demand as well being well suited for growth in the Willamette River Valley. Botanical Bounty will feature: Echinacea – an immune system booster; Ginseng – a source of energy; St John’s Wort – for mild depression; Skullcap- for inflammation; and Ginger – a stomach soother. Market Botanical Bounty has three distinct customers: supplement companies, processors of botanicals for supplement companies, and nurseries that resell the plants. The first two customers purchase the plants for...
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...began in 1994 when yet another duo of Stanford students, David Filo, and Jerry Yang wanted to create a site where they could have useful links to other websites that peaked their interest in one central location, they named their site Jerry and David’s Guide to the World Wide Web. It wasn’t long before they realized that they needed a catchier name for their site and agreed to rename to Yahoo. After peaking a large majority of the Internet community’s interest in the site, Yahoo was incorporated and the same firm that funded Google, Sequoia Capital, funded its operations. With their newly found fame and funding, David and Jerry began developing their management team and in the spring of 1996, they launched their IPO. By January of 2000, Yahoo was reaping the rewards of their efforts thanks to a joint venture with a Japanese financial organization that helped to increase their share price, making it only natural for the now biggest name in internet communications to hitch its wagon to one of the now biggest names in internet search engines. Part 2 Identify problem areas 1. Acquiring & Retaining Quality Employees Yahoo had great timing when they were first introduced in 1994, but could not sustain their momentum once innovative competitors like Google were introduced. Since 2012 Yahoo cut over 3,000 jobs combined within their organization. 2. Alternative Work Schedules & Telework In a February article of the New York Times, Yahoo CEO Marissa Mayer sanctioned...
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