Adv. Fin. Ac Essays

Adv. Fin. Ac Essays Adv. Fin. Ac Essay Adv. Fin. Ac Essay Lending Decisions Lending environment; decision making and organisation of lending, lending policies and controls; behavioural aspects of decision making and decision makers; retail, commercial and corporate lending; business expansions; off balance sheet lending; loan management and problem loans. Mode of delivery:| On-campus| Workload:| ON-CAMPUS: This is a six credit point unit with three hours class contact per week over 12 teaching weeks. The total time commitment expected for this unit is 156 hours. In order to meet the faculty’s expectation, students should plan to spend on average nine hours in self-directed study, in addition to the three hours of class contact, each week. | Unit relationships:| Prerequisites: One of AFF2401 or AFW2401 Prohibitions: AFW3841 | Chief examiner:| Dr. Jean-Pierre Fenech| Unit coordinator:| Dr. Jean-Pierre Fenech| Campus:| Caulfield| Phone:| 03 9903 2140| Email:| jeanpierre. [emailprotected] edu| Office hours:| | Campus coordinator:| | Campus:| | Phone:| | Email:| | Office hours:| | Tutor(s):| To be advised| Campus:| | Phone:| | Email:| | Consultation hours:| | ACADEMIC OVERVIEW Learning objectives 1. examine the major types of lending products and match these products to customer needs 2. analyse the risk return characteristics and pricing of a loan application 3. discuss the behavioural aspects associated with lending decisions 4. apply statistical techniques used in decision making at the approval, monitoring and termination stages of lending 5. apply critical thinking, problem solving and presentation skills to individual and /or group activities dealing with lending decisions. Graduate attributes Monash prepares its graduates to be: 1. responsible and effective global citizens who: ) engage in an internationalised world b) exhibit cross-cultural competence c) demonstrate ethical values 2. critical and creative scholars who: a) produce innovative solutions to problems b) apply research skills to a range of challenges c) communicate perceptively and effectively Assessment summary ASSESSMENT TASK| DUE DATE| WEIGHTING| Assessment Task 1: assignment(Group of 4 students)| 21st September 2012| 20%| Assessment Task 2: Class presentations. Look up the class allocation folder to check when your presentation is due. | Continuous| 10%| Final Examination | Official Examination Period| 70%| TOTAL| 100%| Hurdle requirement A student’s final mark will be the sum of the marks gained in all assessment tasks, except that to pass this unit a student must achieve at least 50% in the final examination. Where a student fails the unit solely because of failure to satisfy the hurdle requirement, the final mark for the unit will be 48%. Second marking Where an assessment task is given a fail grade by an examiner, that piece of work will be marked again by a second examiner who will independently evaluate the work, and consult with the first marker. No student will be awarded a fail grade for an assessment task or unit without a second examiner confirming the result. Note: Exceptions to this are individual pieces of assessment contributing 10% or less of the final mark, unless the total of such pieces exceeds 30% of the final mark. Return of final marks for the unit Faculty policy states that ‘the final mark that a student receives for a unit will be determined by the Board of Examiners on the recommendation of the Chief Examiner taking into account all aspects of assessment’. The final mark for this unit will be released by the Board of Examiners on the date nominated in the Faculty Calendar. Student results will be accessible through the my. onash portal. Exam viewing Feedback on student performance in examinations and other end-of-semester assessment is required, in accordance with the University procedures on Unit Assessment. For more information, please see the following URL: buseco. monash. edu. au/aaf/student/exam-view/index. html. Feedback Our feedback to you There will be consistent feedback throughout the course with respe ct to class presentation. As regards assignment, the work will be returned with detailed comments for your perusal. Your feedback to us Monash is committed to excellence in education and regularly seeks feedback from students, employers and staff. One of the key formal ways students have to provide feedback is through SETU, Student Evaluation of Teacher and Unit. The University’s student evaluation policy requires that every unit is evaluated each year. Students are strongly encouraged to complete the surveys. The feedback is anonymous and provides the faculty with evidence of aspects that students are satisfied and areas for improvement. For more information on Monash’s educational strategy, and on student evaluations, see: onash. edu. au/about/monash-directions/directions. html and policy. monash. edu/policy-bank/academic/education/quality/student-evaluation-policy. html Previous student evaluations of this unit If you wish to view how previous students rated this unit, please go to https://emuapps. monash. edu. au/unitevaluations/index. jsp Required resources There is no prescribed text-book. A lis t of chapters for every week is available on blackboard and library site. Blackboard (MUSO) Material used in class together with other information of importance to students will be published online. In order to access information about this unit in Blackboard you must be enrolled in the unit and have a valid Authcate Username and Password. Blackboard is accessed through the my. monash portal at URL: https://my. monash. edu. au/muso/blackboard/login/. Q Manual The Q Manual is a student guide for producing quality written work on time. Printed copies are available at the bookshop or online at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Calculators ON-CAMPUS: Electronic devices (including calculators) are not permitted in tests and examinations in this unit unless identified with an â€Å"approved for use† label. These labels are available from: * Berwick Campus: Jan Ottrey (Building 901, Room 130B) * Caulfield Campus: Accounting and Finance General Office (Building H, Level 3) * Clayton Campus: Accounting and Finance General Office (Building 11, Level 10) * Gippsland Campus: Rhonda Briggs (Building 5N, Room 152) * Peninsula Campus: Narelle Krueger (Building D, Level 3, Room 21) * Sunway Campus: Course Management Staff (Building 6, Level 4, Room 9) * South Africa Campus: Patience Makokoe (Building D, Ground Floor) Recommended resources Recommended text(s) and readings Kindly refer to blackboard for full list. UNIT SCHEDULE: (Please note tutorials start from Week 1, i. e. 27th February) WEEK| DATE| TOPIC| READING| QUESTIONS| | 27th July| Bankers Lending Techniques| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 2| 1st August| Financial distress theory and Financial Mathematics| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 3| 10th August| Pricing models and ethics| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 4| 17th August| Traditional approaches to credit risk measurement and Individual loan risk| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 5| 24th August| Legal issues| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 6| 31st August| Basel Regulatory Framework| As per chapter readings from Blackboard| As pe r tutorial questions from Blackboard| 7| 7th September| Corporate credit risk models based on stock price| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 8| 14th September| Testing and implementation of credit risk models| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 9| 21st September| Default recovery rates and LGD in credit risk modelling and practice| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 10| 5th October| Credit derivatives| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 11| 12th October| Stress testing| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| 12| 19th October| An assessment of financial sector rescue programmes| As per chapter readings from Blackboard| As per tutorial questions from Blackboard| Please look up your tutorial participation dates, as per folder on blackboard. There i s a 10% participation mark for this exercise. ASSESSMENT REQUIREMENTS Assessment Task 1: assignment Learning objectives assessed: This assessment task is designed to test a student’s skills in carrying out a credit analysis of a listed firm. Weighting: 20% Task details: INSTRUCTIONS: Please refer to separate assignment document. Due date: 21st September 2012 Submission details: Assignments should be submitted to my email. Penalties for late lodgement: A maximum penalty of 5% of the total mark allocated to this assessment will be deducted for each day that it is late. Return of marks: Marked assignments will be returned to students during tutorials in week 11 or 12. Students who do not attend tutorials may collect assignments from their tutor during consultation times. Faculty style guide Work submitted for these assessments must follow the Faculty Style as outlined in the Faculty Q Manual. Copies of this Manual can be obtained at the bookshop or on line at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Applications for extension of time Applications for an extension of time allocated to an assessment task must be made by completing the application form found at URL. buseco. monash. edu. au/student/exams/speccon. html. The form must be submitted to the Chief Examiner for approval. Assignment coversheet Work submitted for assessment MUST be accompanied by a completed and signed assignment coversheet, available at URL: buseco. monash. edu. au/student/forms/assessment-coversheet. doc. In the case of group assignments, each member of the group must complete and sign a separate assignment coversheet. Assessment Task 2: Learning objectives assessed: This assessment task is designed to test a student’s presentation skills Weighting: 10% Criteria for assessment: as per designated questions on separate folder Duration: This will be approximately a 15 minute presentation. Task details: INSTRUCTIONS: Please look up the allocation folder on blackboard to check your allocation dates. Date: As per allocation dates. Examination Weighting: 70% Duration: 3-hour examination Type: This will be a closed book examination and calculators will be permitted. Date and location: This examination will be held during the official examination period. The examination timetable which provides full details of the examination schedule can be accessed through the my. monash portal. Materials examinable: All material covered throughout the course. Faculty style guide Work submitted for these assessments must follow the Faculty Style as outlined in the Faculty Q Manual. Copies of this Manual can be obtained at the bookshop or on line at URL: buseco. monash. edu. au/publications/qmanual/qmanual. pdf. Penalties for late lodgement A maximum penalty of 1 MARK of the total mark allocated to the assessment tasks will be deducted for each day they are late. Applications for extension of time Applications for an extension of time allocated to an assessment task must be made by completing the application form found at URL. buseco. monash. edu. au/student/exams/speccon. html. The form must be submitted to the Chief Examiner for approval. Assignment coversheet Work submitted for assessment MUST be accompanied by a completed and signed assignment coversheet, available at URL: buseco. monash. edu. au/student/forms/assessment-coversheet. doc. In the case of group assignments, each member of the group must complete and sign a separate assignment coversheet. OTHER INFORMATION Policies Monash has educational policies, procedures and guidelines, which are designed to ensure that staff and students are aware of the University’s academic standards, and to provide advice on how they might uphold them. You can find Monash’s Education Policies and Procedures at: http://policy. monash. edu. au/policy-bank/academic/education/index. html Key educational policies include: * Plagiarism ( policy. onash. edu/policy-bank/academic/education/conduct/plagiarism-policy. html) * Assessment ( policy. monash. edu/policy-bank/academic/education/assessment/assessment-in-coursework-policy. html) * Special Consideration ( policy. monash. edu/policy-bank/a cademic/education/assessment/special-consideration-policy. html) * Grading Scale ( policy. monash. edu/policy-bank/academic/education/assessment/grading-scale-policy. html) * Discipline: Student Policy ( policy. monash. edu/policy-bank/academic/education/conduct/student-discipline-policy. html) * Academic Calendar and Semesters (insert URL); Orientation and Transition (insert URL); and * Academic and Administrative Complaints and Grievances Policy ( policy. monash. edu/policy-bank/academic/education/management/complaints-grievance-policy. html) Student Services The University provides many different kinds of support services for you. Contact your tutor if you need advice and see the range of services available at www. monash. edu. au/students The Monash University Library provides a range of services and resources that enable you to save time and be more effective in your learning and research. Go to lib. monash. edu. au or the library tab in my. monash portal for more

Battle of Savages Station in the Civil War

Battle of Savage's Station in the Civil War The Battle of Savages Station was fought June 29, 1862, during the American Civil War (1861-1865). The fourth of the Seven Days Battles outside Richmond, VA, Savages Station saw  General Robert E. Lees Army of Northern Virginia pursuing Major General George B. McClellans retreating Army of the Potomac. Striking the Union rear guard, centered on Major General Edwin V. Sumners II Corps, Confederate forces proved unable to dislodge the enemy. Fighting continued into the evening until a strong thunderstorm ended the engagement. Union troops continued their retreat that night. Background Having begun the Peninsula Campaign earlier in the spring, Major General George McClellans Army of the Potomac stalled before the gates of Richmond in late May 1862 after a stalemate at the Battle of Seven Pines. This was mostly due to the Union commanders overly-cautious approach and the inaccurate belief that General Robert E. Lees Army of Northern Virginia badly outnumbered him. While McClellan remained inactive for much of June, Lee tirelessly worked to improve Richmonds defenses and plan a counterattack. Though outnumbered himself, Lee understood his army could not hope to win an extended siege in the Richmond defenses. On June 25, McClellan finally moved and he ordered the divisions of Brigadier Generals Joseph Hooker and Philip Kearny to push up the Williamsburg Road. The resulting Battle of Oak Grove saw the Union attack halted by Major General Benjamin Hugers division. Lee Attacks This proved fortunate for Lee as he had moved the bulk of his army north of the Chickahominy River with the goal of crushing Brigadier General Fitz John Porters isolated V Corps. Striking on June 26, Lees forces were bloodily repulsed by Porters men at the Battle of Beaver Dam Creek (Mechanicsville). That night, McClellan, concerned about the presence of Major General Thomas Stonewall Jacksons command to the north, directed Porter to retreat and shifted the armys supply line from the Richmond and York River Railroad south to the James River. In doing so, McClellan effectively ended his own campaign as the abandonment of the railroad meant that heavy guns could not be carried to Richmond for the planned siege. Taking a strong position behind Boatswains Swamp, V Corps came under heavy attack on June 27. In the resulting Battle of Gaines Mill, Porters men turned back several enemy assaults through the day until being compelled to retreat near sunset. As Porters men shifted to the south bank of the Chickahominy, a badly shaken McClellan ended the campaign and began moving the army towards the safety of the James River. With McClellan providing little guidance to his men, the Army of the Potomac fought off Confederate forces at Garnetts and Goldings Farms on June 27-28. Remaining away from the fighting, McClellan made the situation worse by failing to name a second in command. This was largely due to his dislike and distrust of his senior corps commander, Major General Edwin V. Sumner. Lees Plan Despite McClellans personal feelings, Sumner effectively led the 26,600-man Union rear guard which had concentrated near Savages Station. This force comprised elements of his own II Corps, Brigadier General Samuel P. Heintzelmans III Corps, and a division of Brigadier General William B. Franklins VI Corps. Pursuing McClellan, Lee sought to engage and defeat the Union forces at Savages Station. To due so, Lee ordered Brigadier General John B. Magruder to push his division down the Williamsburg Road and York River Railroad while Jacksons division was to rebuild the bridges across the Chickahominy and attack south. These forces were to converge and overwhelm the Union defenders. Moving out early on June 29, Magruders men began encountering Union troops around 9:00 AM. Armies Commanders Union Major General George B. McClellanMajor General Edwin V. Sumner26,600 men Confederate General Robert E. LeeBrigadier General John B. Magruder14,000 The Fighting Begins Pressing forward, two regiments from Brigadier General George T. Andersons brigade engaged two Union regiments from Sumners command. Skirmishing through the morning, the Confederates were able to push the enemy back, but Magruder became increasingly concerned about the size of Sumners command. Seeking reinforcements from Lee, he received two brigades from Hugers division on the stipulation that if they were not engaged by 2:00 PM they would be withdrawn. As Magruder contemplated his next move, Jackson received a confusing message from Lee that suggested that his men were to remain north of the Chickahominy. Due to this, he did not cross the river to attack from the north. At Savages Station, Heintzelman decided that his corps was not necessary to the Union defense and began withdrawing without first informing Sumner. The Battle Renewed At 2:00 PM, having not advanced, Magruder returned Hugers men. Waiting another three hours, he finally resumed his advance with the brigades of Brigadier Generals Joseph B. Kershaw and Paul J. Semmes. These troops were aided on the right by part of a brigade led by Colonel William Barksdale. Supporting the attack was a 32-pounder Brooke naval rifle mounted on a rail car and protected by an iron casemate. Dubbed the Land Merrimack, this weapon was slowly pushed down the railroad. Despite being outnumbered, Magruder elected to attack with only part of his command. The Confederate movement was first noticed by Franklin and Brigadier General John Sedgwick who were scouting west of Savages Station. After initially thinking the approaching troops belonged to Heintzelman, they recognized their mistake and informed Sumner. It was at this time that an irate Sumner discovered that III Corps had departed. Advancing, Magruder encountered Brigadier General William W. Burns Philadelphia Brigade just south of the railroad. Mounting a tenacious defense, Burns men soon faced envelopment by the larger Confederate force. To stabilize the line, Sumner randomly began feeding regiments from other brigades into the battle. Coming up on Burns left, the 1st Minnesota Infantry joined the fight followed by two regiments from Brigadier General Israel Richardsons division. As the forces engaged were largely equal in size, a stalemate developed as darkness and foul weather approached. Operating on Burns left and south of the Williamsburg Road, Brigadier General William T.H. Brooks Vermont Brigade sought to protect the Union flank and charged forward. Attacking into a stand of woods, they met intense Confederate fire and were repulsed with heavy losses. The two sides remained engaged, with neither making any progress, until a storm ended the battle around 9:00 PM. Aftermath In the fighting at Savages Station, Sumner suffered 1,083 killed, wounded, and missing while Magruder sustained 473. The bulk of the Union losses were incurred during the Vermont Brigades ill-fated charge. With the end of the fighting, Union troops continued withdrawing across White Oak Swamp but were forced to abandon a field hospital and 2,500 wounded. In the wake of the battle, Lee reprimanded Magruder for not attacking more forcefully stating that the pursuit should be most vigorous. By noon the following day, Union troops had crossed the swamp. Later in the day, Lee resumed his offensive by attacking McClellans army at the Battles of Glendale (Fraysers Farm) and White Oak Swamp.