Write an Analysis of Financial Performance of Commercial Banks Listed on the Trinidad and Tobago Stock Exchange – For the period 2015-2019.
Requirements:
Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.
Project Information:
As a new employee a local accounting firm, your first client is the Orlando University Bookstore. Jack Stone, the manager, would like some advice on several aspects of the bookstore’s accounting information system.
Using the COSO Internal Control: Integrated Framework, conduct a comprehensive risk assessment for the Orlando University Bookstore. Consider what risks the bookstore faces, and what control activities you would advise to mitigate these risks.
Submit a 2 page memo to the manager summarizing your comprehensive risk assessment based on your reports from last week and how you suggest the risks identified be mitigated including an analysis of internal controls.
Task: to estimate the excess returns on a stock of your choice applying the Arbitrage Pricing Theory (APT).
Aim: to evaluate your understanding of financial theory to transform data into correct form, to model financial relationships and correctly interpret the findings. The analysis of the results is the most important stage of the assignment. It involves estimating an initial model or models, performing appropriate diagnostic tests, re-forming and re-estimating, and conducting tests of hypothesis.
Format: The assignment consists of three parts comprising a written report of a maximum of 1,500 words. A pdf format of the report, including the EViews output in an Appendix, to be uploaded via My Studies.
Presentation instructions:
1. Do not just cut and paste EViews output into your coursework, create your own tables to fit your needs. However, all estimation results (from EViews) must be collected in an Appendix and clearly referenced in the text (i.e., referring to a table or a graph number in the Appendix).
2. You should consider including a comparative table of results (in terms of different variables).
3. Tabulate your results in the main draft, simply cutting and pasting EViews output is not acceptable.
4. No marks will be awarded for output results without explanations.
5. Appropriate notation: numbers should be reported with up to 3 decimal points; use Word equation editor if typing formulas; use uniform reference formatting (e.g., Chicago); use at least font size 11.
6. Do all hypothesis tests properly. For instance, the way you report the significance of a coefficient reveals how well you understand hypothesis testing. Specific instructions on performing the task:
PART 1: (25 marks)
1. Carefully explain the APT, outlining the mathematical model, underpinning it, appropriately referenced. [8 marks]
2. Discuss, with reference to an empirical study, the applicability of APT for estimating excess stock returns. Please note that there are no limitations on the year of the publication. It can be a more recent study or a seminal work, but not the example discussed in class. [8 marks]
3. Briefly, provide a background information on your chosen company. [2 marks]
4. Present and explain the model you will be estimating based on the APT, in the context of your data. Your model should be of the form:
Yt = + β1X1t + β2X2t + ut ut ~ N (0, σ2) [7 marks]
PART 2: (30 marks)
1. Collect monthly data, for a five-year period, with reference to the relevant sources, on:
a) the prices for your chosen stock
b) the corresponding market index prices
c) the relevant risk-free asset returns
d) a macroeconomic indicator of your choice
Relevant data is available from: Yahoo Finance, FRED (The Federal Reserve Bank of St. Louis), Kenneth R. French Data Library, IMF, and the World Bank. [6 marks]
2. Compile an Excel worksheet and import the data into EViews. [1 mark]
3. Make the necessary data transformations. [10 marks]
4. Test the variables for unit-root; carefully formulate the hypothesis and make a correction, if possible. [6 marks]
5. Investigate the variables included in your model. Present in a table and briefly interpret the respective summary statistics. Include two scatter plots of relevant variables. [7 marks]
PART 3: (35 marks)
1. Estimate the model and test if it conforms to three of the classical OLS assumptions for the residuals: homoscedasticity; no series correlation and normality. You are required to
make any corrections that are possible. [10 marks]
2. Carefully specify the hypotheses for testing the assumptions on the residuals, the individual coefficients and the F-test for overall significance. [8 marks]
3. Correctly interpret the estimated coefficients in terms of their signs, significance and impact on the dependent variable. [6 marks]
4. Correctly interpret the R2 and the F-statistic. [6 marks]
5. Briefly compare your findings with the article surveyed in Part 1. [5 marks] Structure: The three parts, with the detailed instructions, should provide the structure of your report. [2 marks]
You should examine the extent to which the companies (Centrica plc & SSE plc) use ratios to present their results in the latest annual report. Also, you should calculate ratios for each company and analyse and compare the results. Identify two ratios which are generally used to measure gearing/leverage. Perform the calculations for both companies for two years. Compare the gearing/leverage profile of the companies.
Requirement: An excellent analysis of two gearing/ leverage ratios, full calculations given for both companies. Emphasising key variations, what do they highlight about the gearing profiles? Debt/equity commentary? risk profile for each company relevance to ratios? Any shortcomings? Finally, conclude by commenting on the companies use of ratios within their annual report. Comment on the companies’ respective profitability,liquidity and capital structure.
Requirements:
Writing, using software, and interpreting results is a large part of your learning experience. These assignments are designed to improve your use of technology and communication skills. Using proper business English and resources from the library you will comment and share your research with your classmates. Make sure you note your source in proper APA format.
Project Information:
As a new employee a local accounting firm, your first client is the Orlando University Bookstore. Jack Stone, the manager, would like some advice on several aspects of the bookstore’s accounting information system.
Using the COSO Internal Control: Integrated Framework, conduct a comprehensive risk assessment for the Orlando University Bookstore. Consider what risks the bookstore faces, and what control activities you would advise to mitigate these risks.
Submit a 2 page memo to the manager summarizing your comprehensive risk assessment based on your reports from last week and how you suggest the risks identified be mitigated including an analysis of internal controls.
Based on the database you created in Week 1, make any modifications you feel are needed now that you have additional knowledge of databases and add 20 more records to your original database. Use at least 2 features of Excel’s database functions to perform an analysis on your data,one of which needs to be data validation. Take screen shots of the results of your analysis and upload them to the discussion board. Explain why you used these features and what you found as a result. Discuss your findings with your classmates.
This coursework involves developing a 3000-word written report analysing a service organisation in relation to critical incidents/service failure.
Eddie Stobart is a global transportation company providing different type of transportation services such as land transportation using heavy goods vehicles
The market research can employ qualitative methods (e.g., interviews, focus groups), quantitative methods (e.g., survey), or a mixed methods approach (i.e., interviews and surveys).
Provide recommendations on appropriate service recovery techniques and how customer satisfaction can be improved upon based on the findings of the research.
The current economic conditions have tested the role of managerial accountants, challenging them to remain independent in mind and spirit when contributing to the decision-making processes of a business. Maintaining ethical standards and adhering to rules set by governing bodies at the local, state, and federal levels are needed to ensure both client and public trust.
Instructions
To complete this assignment, prepare a 4–5-page paper in which you address the following:
Identify the accounting governing bodies in your state and describe their role as it applies to setting ethical behavior and the fiduciary duties of a managerial accountant.
Research the accounting industry and select a case from within the last three years in which ethical accounting standards were compromised. Describe the ethical violation(s) outlined in the case.
Propose internal controls that should have been in place to prevent an ethical violation.
After assessing the case you selected, describe how your thinking on the importance of ethics in managerial accounting has evolved during the course of this term.
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate.
Select one of the following questions to answer in your discussion:
1. How does cost accounting differ from financial accounting and how, if at all, does the difference impact the ethics involved in serving in either role? How would you relate biblical principles to this question?
2. Describe the three types of manufacturing cost categories, provide examples of each, and explain how each of these categories impact the contribution margin income statement.
3. Explain the differences between period cost and product cost. Further explain how each of these costs impact the traditional format and contribution margin statements.
4. Describe job-order costing and how costs are measured using this method. Provide examples of an organization using job-order costing.
5. Explain how costs flow under the job-order costing model. Further explain the concept of underapplied and overapplied cost.
Based on the area of ABC Company that you selected last week for your database (payroll, sales, etc), create a flow chart for that same area. Upload your flowchart to the discussion board and discuss with your classmates where you think there may be areas of fraud risk associated with this area of the company.
Comment to at least one other student’s analysis and if you think their conclusions seem reasonable of if you see some additional or different trends.
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