Fins3630 Ch1

In: Business and Management

Submitted By jeniky0413
Words 3637
Pages 15
File: Chapter 01 The Financial Services Industry: Depository Institutions

Multiple Choice

[QUESTION]
A non-bank depository institution is also referred to as:
A. Drift.
B. Thrift.
C. Phrift.
D. Draft.
Answer: B
Level of difficulty: 1

[QUESTION]
Which of the following statements is true?
A. A non-bank depository institution is also referred to as drift.
B. A non-bank depository institution meets the legal definition of a bank.
C. A non-bank depository institution undertakes exactly the same activities like a bank.
D. A non-bank depository institution is also referred to as drift and a non-bank depository institution undertakes exactly the same activities like a bank .
E. None of the given answers.
Answer: E
Level of difficulty: 2

[QUESTION]
Which of the following statements is true?
A. Authorised depository institutions are those that have been granted an authority by the RBA to operate in Australia.
B. Authorised depository institutions are those that have been granted an authority by APRA to operate in Australia.
C. Authorised depository institutions are those that have been granted an authority by the Australian Government to operate in Australia.
D. Authorised depository institutions are those that have been granted an authority by ASIC to operate in Australia.
E. None of the given answers.
Answer: B
Level of difficulty: 2

[QUESTION]
Which of the following statements is true?
A. Building societies are depository institutions.
B. Building societies usually operate on a cooperative basis.
C. In case of building societies the depositors are also members of the society.
D. All of the given answers.
Answer: D
Level of difficulty: 2

[QUESTION]
Which of the following statements is true?
A. Credit unions are mutual cooperative organisations.
B. Credit unions provide deposit facilities, personal and housing loans…...

Similar Documents

Fins3630

...FINS3630 Group Project: Bank Performance and Risk Exposure Evaluation Executive Summary This report will aim to highlight the profitability of National Australia Bank (NAB) and Westpac in terms of Return on Equity (ROE) between 2003 and 2007. Using a Dupont analysis, ROE will be decomposed into Return on Assets (ROA) and the Equity Multiplier (EM). Additionally, it will further look at the various risk exposures that these banks may face such as credit risk, liquidity risk, capital risk and operational risk. Furthermore, this report will also compare the performance and risk exposures between the two banks over the past 5 years. Westpac’s Bank Performance Analysis ROE Figure 1 - ROE 25.00% 21.98% 20.00% ROE 15.00% 10.00% 5.00% 0.00% 2003 2004 15.65% 17.02% 17.97% ROE 20.11% nt 2005 2006 2007 Th ink sw Figure 1 summarizes Westpac’s Return on Equity (ROE) from 2003 through to 2007, which is one of the key determinants of profitability. Generally, one can observe an upward trend in value throughout the past 5 years, starting at 15.65% in 2003 and finishing at 21.98% in 2007. Furthermore, ROE has increased by a total of 6.33% over the last 5 years, averaging 1.5825% per year. From a shareholder’s perspective, it can be viewed that Westpac has performed consistently well and has been more profitable throughout the specified period. In order to further analyze Westpac’s increasing trend in terms of its ROE, it is essential to conduct a Du Pont analysis......

Words: 6042 - Pages: 25

Fins3630

...Our Performance ANZ’s statutory profit after tax for the year ended 30 September 2009 was $2,943 million, down 11%, reflecting higher provisions. With an increase in the weighted average number of shares of 16%, this led to a fall in earnings per share of 23%. The dividend for the year was $1.02 per share fully franked, down 25%. Excluding the impact of $829 million from one-off items, hedging timing differences and non-continuing businesses our underlying profit1 for 2009 was $3,772 million, up 10%. Underlying revenue growth of 17% was strong while costs increased by 12%, with our underlying cost-to-income ratio at 42.2%, down from 44%. Provisions were at cyclical highs with the total credit impairment charge up 46% to $3,056 million, with increases across all regions but most pronounced in New Zealand. Importantly, ANZ maintained its AA-credit rating, one of only 11 banks remaining in the world with a AA-rating. These results were achieved at a time the global financial system and the world economy came under extraordinary pressure and they reflect the very significant efforts of our management and our staff during the year. I thank them for their contribution. Capital Management During 2009 ANZ took further steps to manage its capital position and funding programs to ensure we were strongly positioned given the difficult financial and economic conditions. In May, we undertook a fully underwritten $2.5 billion institutional share placement. In July,...

Words: 313 - Pages: 2

Ch1 Mis

...Essentials of Systems Analysis and Design, 5e (Valacich/George/Hoffer) Chapter 1 The Systems Development Environment 1) The end user is not the person in the organization most involved in the systems analysis and design process. Answer: TRUE Diff: 2 Page Ref: 3 2) Systems analysis is the second phase of the systems development life cycle. Answer: TRUE Diff: 2 Page Ref: 3 3) The main goal of systems analysis and design is to improve organizational systems, typically through applying software that can help employees accomplish key business tasks more easily and efficiently. Answer: TRUE Diff: 2 Page Ref: 4 4) Components are parts, or aggregation of parts of the system. Answer: TRUE Diff: 1 Page Ref: 7 5) A boundary is the point of contact where a system meets its environment or where subsystems meet each other. Answer: FALSE Diff: 2 Page Ref: 7 6) An information system interacts with its environment when it processes data. Answer: FALSE Diff: 2 Page Ref: 7 7) An interface separates a system from other systems. Answer: FALSE Diff: 2 Page Ref: 7 8) A system's environment is everything outside a system's boundary that influences the system. Answer: TRUE Diff: 1 Page Ref: 7 9) Interfaces exist between subsystems. Answer: TRUE Diff: 1 Page Ref: 7 10) A system's capacity can be viewed as a system constraint. Answer: TRUE Diff: 2 Page Ref: 7 11) Cohesion is the process of...

Words: 4614 - Pages: 19

Iss340 Ch1

...Lesson 1 Review: Overview of Local Area Networks The purpose of this activity is to reinforce what you have learned so far about local area networks technologies. 1. What are the main architectural components of a LAN? (Minimum word count: 60) Network cards, network cables, network hubs, network switches, and routers are the main architectural components of a LAN. A network cards is the component that allows the network to talk to the computer, and the computer to talk to the other devices on the network. Network cables are the actual, physical lines that carry information between the computers, workstations, printers, and other components of the network. Network hubs are the radio stations of the network. They broadcast the data to every computer in the network, no matter where the data was intended to go. Network switches are the newer alternative to network hubs. They allow addresses to be assigned to each computer in the network, so that routing becomes easier. Finally, routers connect one network to another, whether across the building, or across the nation. 2. Describe the function and characteristics of a network operating system (NOS). (Minimum word count: 100) Network operating systems are used to run computers that act as servers. They provide services to clients over a network. It also includes special functions for connecting computers and devices into a local area network. Network operating systems provide file and print sharing, account......

Words: 336 - Pages: 2

Audit Ch1

...AUDIT 401-01 Chapter 1: Auditing and Assurance Services User Demand for Reliable Information A. Information and Information Risk * ****Business risk: the risk that an entity will fail to meet its objectives**** * Environmental conditions to increase user demand for relevant, reliable, information: 1. Complexity 2. Remoteness 3. Time sensitivity 4. Consequences * Information risk: the probability that the information circulated by a company will be false or misleading * ****Assurance: Depend on information professionals to serve as an independent and objective intermediaries who will lend credibility to the information**** * ****Attestations: when the assurance is provided for specific assertions made by management**** Auditing, Attestation, and Assurance Services A. Definition of Financial Statement Auditing * ****Auditing: systematic process of objectively obtaining and evaluating evidence regarding assertions about economic actions and events to ascertain the degree of correspondence between the assertions and established criteria and communicating the results to interested users **** OVERVIEW: Independent auditor – obtains and evaluates evidence knowledge of client’s business, observation of physical assets, inquiry of managers, confirmations from third parties, inspection of documents Management assertions about economic actions and events: * Balance sheet * Income statement *......

Words: 731 - Pages: 3

國際行銷報告Ch1

...國際行銷報告ch1 * 我們這章要學的是,國際行銷的重要性和發展,以及全球意識的必要性。 那我們講解的順序是 國際行銷的基本認知定義->重要性→發展→全球意識 * 國際行銷是規劃及執行跨越國境之行銷活動,以滿足個人及組織目標的程序 * 1.綠色橢圓形在說的是,我們都低估了國際行銷的量到底有多大!全球的貿易量並不能完全反映國際行銷總額,因為我們普遍只有把出口貨物總質和出口的勞務總值當作全球貿易量,但事實上國際行銷卻還包括了1.在國內生產而在海外銷售的商品和 2.本國公司在海外投資生產而運至果內銷售的產品 ,如果這些都計入國際行銷總額中,那麼國際行銷的量將遠遠超過全球貿易量。 2.或者我們也可以說是低估了出口這件事情,因為出口也可以包含無形的出口性服務,或者說無形資產,像是1.品牌價值、2.專利授權影響聲譽、3.管理系統、4.技術..等等 * 出奇制勝的行銷策略   波音的促銷策略要點有三。   一、加強促銷機構和促銷隊伍。   二、是行銷方法靈活多樣。   三、是強化售前售後服務。   波音運用了多種獨特的促銷手段,如租賃式。顧客不用付款購買,只需每年交納若幹租金,雙方簽定合同便可使用公司的產品。波音公司這樣做的好處是可以占領一部分發展中國家的航空市場,解決他們資金困難的問題。波音公司還通過細緻周到的售前售後服務的方法,贏得客戶波音公司有條不成文的規矩,當公司的產品發生問題時,不論是何原因,維修小組必須攜帶備用零部件迅速從西雅圖趕到任何地方去幫助解決。   1996年,波音宣佈兼併世界第三大航空公司麥道,註入資金133億美元,獲得麥道公司65%的控股權,新波音公司資產達500億美元,員工超過20萬名。憑藉自身的雄厚實力和技術,以及長期以來贏得的信譽、市場和客戶,波音麥道的業務還在穩步增長。 ----------------------------------------------------------------------------------------------------------- * 國內行銷 出口行銷 國際行銷 多國行銷 泛區域行銷 全球行銷 * (國內)本土行銷指的是公司所在市場的行銷活動,專門處理單一地區的消費者,銷售範疇在本土境內。 企業只針對一國或一地區進行行銷,企業所需考量的是當地市場消 費者偏好以及如何應付產業同行的競爭者。 *......

Words: 599 - Pages: 3

Ch1-5

...1.What were the main causes, elements, and impact of the different approaches to colonies followed by the English, French, and Spanish? By Columbus’s discovery, Spain got a religious justification fro conquest and an army of seasoned soldiers, named conquistadores. Also, rulers in Spain developed efficient techniques for controlling new colonies. The conquistadores left a trail of destruction by attacking native villages and killed or captured the inhabitant since they preferred seeking gold and slaves to creating permanent settlements. In 1519, some Spanish soldiers landed on the coast of Mexico. Three years later, these Spanish soldier conquered Aztec empire. The three factors of Spanish victory were technological advantages, division within the Aztec empire, and disease. Later, some other Spanish soldiers conquered a richer empire, Inca empire. By 1550, Spain’s New World empire, which stretched from the Caribbean through Mexico to Peru, was administered from Spain by the Council of the Indies. The council enacted laws for the empire and supervised an elaborate bureaucracy to maintain political control and extract wealth from the land and its people. Then, two expedition went to north America to find gold and silver but they did not find any gold and silver. So Spain stopped to extend its empire and just maintained two precarious footholds in north of Mexico. By a large number of gold and silver flowing into Spain, it became the richest and most powerful state in Europe.......

Words: 1532 - Pages: 7

Galvan Ch1

...Galvan Chapter 1 The reviewers have clearly identified the topic of the review. The review explains different aspects of cyberbulling among college students. It gives examples and statistics of the victimization rates associated with cyberbullying in past years. The review has a variety of examples ranging from the year 2004 to 2010. The reviewer has written a cohesive essay where ideas and statements are specifies and the impact of cyberbullying is addressed. It explains how some are victims of emotional distress due to cyberbullying, and with this some even end up committing suicide. In the “Impact of Cyberbully Victimization” section it’s explained how some of the victims experience feelings of anger, sadness, embarrassment, and even anxiety. The reviewer has build on the single idea of cyberbullying having subtopics that all relate to the topic. The reviewer has also summarized the literature at the end of the review. In the “Purpose” paragraph the reviewer summarizes the whole study. It explains how the purpose of the study was to examine the rate of cyberbullying, the impact and strategies utilized by college student victims. Also the differences in suicidal behaviors between victims and controlled participants. The reviewer makes an important contribution to knowledge through their synthesis. Many of cyberbullied victims think they are alone or that they are the only ones going throug this but literatures like this one can show that there are others that have...

Words: 309 - Pages: 2

Ch1 Organizational Behavior

...ORGANIZATIONAL BEHAVIOR 9th edition by Stephen P. Robbins San Diego State University Prentice Hall International, Inc. "... the number-one-selling organizational behavior (OB) textbook in the United States and worldwide. More than 700.000 students around the globe have studied OB from this text" (preface, XXIII). Part One – Introduction Chapter 1 What is Organizational Behavior? Part Two – The Individual Chapter 2 Foundations of Individual Behavior Chapter 3 Values, Attitudes, and Job Satisfaction Chapter 4 Personality and Emotions Chapter 5 Perception and Individual Decision Making Chapter 6 Basic Motivation Concepts Chapter 7 Motivation: From Concept to Applications Part Three – The Group Chapter 8 Foundations of Group Behavior Chapter 9 Understanding Work Teams Chapter 10 Communication Chapter 11 Leadership and Trust Chapter 12 Power and Politics Chapter 13 Conflict and Negotiation Part Four – The Organization System Chapter 14 Foundations of Organization Structure Chapter 15 Work Design and Technology Chapter 16 Human Resource Policies and Practices Chapter 17 Organizational Culture Part Five – Organizational Dynamics Chapter 18 Organizational Change and Stress Management CHAPTER 1 WHAT IS ORGANIZATIONAL BEHAVIOR "We have come to understand that technical skills are necessary but insufficient for succeeding in management. In today's increasingly competitive and demanding workplace, managers can't succeed on their technical skills alone. They also have to......

Words: 2044 - Pages: 9

Ch1 of Finance

...Master of International Business Full Time Financial Management Lecturer: Mayra Mas Session 1 Financial Management Statements Basic Financial Statements Basic Financial Session 1 2 Relationship between Finance, Economics and Accounting • Economics provides a broad picture of the economic environment for decision making in many important areas. Accounting, the language of finance, provides financial data through:  Income • statements sheets  Balance  Statement of cash flows • Finance links economic theory with the numbers of accounting Types of Accounting 1. Financial Accounting • Provides information primarily to people outside the company ◦ Provides information that would be helpful in attracting capital     Equity and debt (useful in debt contracts) Credit from suppliers Customers Employees ◦ Provides information helpful in monitoring and evaluating management performance 4 Types of Accounting 2. Managerial Accounting ◦ Provides information to people inside the company  Internal investment decisions  Performance evaluation 3. Tax Accounting • Provides information to the tax authorities • Firms will (generally) maintain separate books for tax and financial purposes Basic Financial Statements • • Income Statement Statement of Retained Earnings (a short supplement to the income statement) Balance Sheet Statement of Cash Flows • • Introduction to Financial......

Words: 1105 - Pages: 5

Ch1-3

...Ch. 1 Creature Care Animal Clinic (A) 1. Identify the operations management problem that Dr. Barr is having at the Clinic. a. Dr. Barr is having scheduling problems, the lack of technology for their inventory systems, and not using the operations systems correctly 2. The schedule Dr. Barr set up worked well at the clinic where she was a resident. What are some of the reason why it might not be working here? b. Some reasons why the scheduling isn’t working are because it isn’t based on when the clinic is the busiest during the day. Also that Dr. Barr doesn’t have a full understand of how her business operates. 3. Identify some of the reasons why the clinic is having inventory problem. c. The clinic is having inventory problems is because the clinic needs to have better technology. With that newer technology Dr. Barr could avoid unexpected situations and know what the clinic has in the inventory. 4. What should Dr. Barr have done differently to avoid some of the problems she is currently experiencing? d. Dr. Barr should set up a system for the inventory to make sure inventory isn’t low or too high. She should also change the schedule around to make sure she has enough staff working during the busiest time of day. Also if Dr. Yen can’t work every Saturday with Dr. Barr then she should fire someone who can help her on Saturdays. The last thing Dr. Barr could do to avoid some problems is to give people different tasks to do when the......

Words: 1020 - Pages: 5

Ch1 Bus Valuation

...Chapter 2 Chapter 2 Strategy Analysis Discussion Questions 1. Judith, an accounting major, states, “Strategy analysis seems to be an unnecessary detour in doing financial statement analysis. Why can’t we just get straight to the accounting issues?” Explain to Judith why she might be wrong. Strategy analysis enables the analyst to understand the underlying economics of the firm and the industry in which the firm competes. There are a number of benefits to developing this knowledge before performing any financial statement analysis. 1. Strategy understanding provides a context for evaluating a firm’s choice of accounting policies and hence the information reflected in its financial statements. For example, accounting policies (such as revenue recognition and cost capitalization) can differ across firms either because of differences in business economics or because of differences in management’s financial reporting incentives. Only by understanding differences in firms’ business strategies is it possible to assess how much to rely on a firm’s accounting information. 2. Strategy analysis highlights the firm’s profit drivers and major areas of risk. An analyst can then use this information to evaluate current firm performance and to assess the firm’s likelihood of maintaining or changing this performance based on its business strategy. 3. Strategy analysis also makes it possible to understand a firm’s financial policies and whether they make sense. As discussed later in......

Words: 4474 - Pages: 18

Fins3630

...Equity valuation Citigroup, the leading global financial services company, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management. Profitability Ratios | 2008 | 2009 | 2010 | 2010 Q1 | 2011 Q1 | Net Interest Revenue/Asset | 2.52% | 2.68% | 2.80% | 2.96% | 2.58% | Net Income/Asset | -1.28% | -0.08% | 0.53% | 0.88% | 0.62% | Net Operating Income/Asset | -1.49% | -0.06% | 0.53% | 0.84% | 0.61% | Management Efficiency | | | | | | Yearly Provisions Expense/Avg Assets | 1.56% | 2.03% | 1.26% | 1.66% | 0.60% | Yearly Provisions Expense/Avg Ins&Is | 4.12% | 5.72% | 3.44% | 4.39% | 1.74% | Cost Ratio | | | | | | Efficiency Ratio | 67.05% | 46.23% | 44.12% | 37.31% | 47.42% | Equity Coverage Ratio | | | | | | Equity Capital/Total Asset | 7.31% | 8.20% | 8.54% | 7.56% | 8.78% | Growth | | | | | | Asset Growth Rate | -11.39% | -3.92% | 2.77% | 9.86% | -2.72% | Profitability: CITIGROUP's profitability is considerably average when compared to other local players. In 2011 Q1, CITIGROUP's Net Operating Income to Assets ratio amounted to 0.61% (leading local rivals managed to achieve 0.76%). When examining Net Income to Total......

Words: 415 - Pages: 2

Soc Ch1

...CHAPTER 1 ANSWERS FOR THE MULTIPLE CHOICE QUESTIONS 1. b The sociological perspective is an approach to understanding human behavior by placing it within its broader social context. (4) 2 . d Sociologists consider occupation, income, education, gender, age, and race as dimensions of social location.(4) 3. d All three statements reflect ways in which the social sciences are like the natural sciences. Both attempt to study and understand their subjects objectively; both attempt to undercover the relationships that create order in their respective worlds through controlled observation; and both are divided into many specialized fields. (5-7) 4. c Generalization is one of the goals of scientific inquiry. It involves going beyond individual cases by making statements that apply to broader groups or situations. (7) 5. b The Industrial Revolution, imperialism, and the development of the scientific method all contributed to the development of sociology. The fourth influence was the political revolutions in America and France — there was no political revolution in Britain at that time. (8-9) 6. d Positivism is the application of the scientific approach to the social world. (9) 7. d Of the four statements, the one that best reflects Herbert Spencer’s views on charity is “The poor are the weakest members of society and if society intervenes to help them, it is interrupting the natural process of social evolution.” While many contemporaries of Spencer’s were appalled......

Words: 1497 - Pages: 6

Fins3630

...Australian School of Business Banking and Finance FINS3630 BANK FINANCIAL MANAGEMENT Course Outline Semester 2, 2012 FINS3630 – BANK FINANCIAL MANAGEMENT 1 Table of Contents PART A: COURSE-SPECIFIC INFORMATION 1 2 2.1 2.2 2.3 2.4 2.5 3 STAFF CONTACT DETAILS COURSE DETAILS Teaching Times and Locations Units of Credit Summary of Course Course Aims and Relationship to Other Courses Student Learning Outcomes LEARNING AND TEACHING ACTIVITIES 3 3 3 3 3 3 3 4 4 4 5 5 5 5 7 8 9 11 11 11 11 11 12 12 12 12 14 3.1 Approach to Learning and Teaching in the Course 3.2 Learning Activities and Teaching Strategies 4 ASSESSMENT 4.1 Formal Requirements 4.2 Assessment Details 5 6 7 8 9 9.1 9.2 9.3 9.4 9.5 10 11 COURSE RESOURCES COURSE EVALUATION AND DEVELOPMENT COURSE SCHEDULE ACADEMIC HONESTY AND PLAGIARISM STUDENT RESPONSIBILITIES AND CONDUCT Workload Attendance General Conduct and Behaviour Occupational Health and Safety Keeping Informed SPECIAL CONSIDERATION AND SUPPLEMENTARY EXAMINATIONS STUDENT RESOURCES AND SUPPORT PART B: KEY POLICIES, STUDENT RESPONSIBILITIES AND SUPPORT FINS3630 – BANK FINANCIAL MANAGEMENT 2 PART A: COURSE-SPECIFIC INFORMATION 1 STAFF CONTACT DETAILS Lecturer-in-charge: Dr. Lixiong Guo Room: ASB East Wing 363 (Note: Please use the ASB entrance next to the University Bookstore) Phone No: 9385 5773 Email: lixiong.guo@unsw.edu.au Consultation Times: Tuesday 4:30 pm – 6:00 pm (or by appointment) Tutor names: A full list of tutors will be......

Words: 4300 - Pages: 18