Module Guide 2013-14

Module Title - International Financial Management

Module Code - 6 BUS 1041

Academic Year - 2013/14

Semester - B

Module Leader - Edward Kerr

Module Guide 2013-14

Contents:
1 Contact details for the module leader (and teaching team) Name Room Phone extension 5430 ** E mail address Office & Feedback hours e.kerr@herts.ac.uk To be announced

Edward Kerr

M 249

** No facilities to leave messages - send e-mail to make contact.

2a

Module aims:

The aims of this module are to enable students to understand the financial problems specific to multi-national companies, together with the associated theory and techniques for managing these problems.

2b

Learning Outcomes: Knowledge and Understanding:

the objectives of multi-national organisations the international financial system the measurement and management of currency risks specific problems of capital budgeting in multi-national organisations specific problems of managing the finance of multi-national organisations, including associated taxation and cash management issues the design of the corporate structure of multi-national organisations in order to maximise shareholders wealth current issues in international finance

Skills and Attributes: Successful students will typically:

use international financial theory to analyse risks faced by multi-national corporations devise strategies for identifying and managing international financial risks develop proposals for international capital investment make proposals for the design of the corporate structure of a multinational organisation, recognising cash management, taxation and legal considerations

Module Guide 2013-14

Format of delivery:

Weekly Lecture on Tuesdays (13.00 to 14.00) starting Tue 28 JAN 14 Weekly Seminar on Tuesdays starting Tue 11 FEB 14

How StudyNet will be used to support this module

StudyNet will be used for uploading Lecture and Seminar material, Discussion Board, and Assignment details. The Lecture Notes are uploaded ahead on the Lectures so that the students are expected to go through the Lectures in advance before coming to the Lectures/Seminars.
5a Weekly programme: In this section you will find a week by week schedule for this module. Please note that there are sometimes unforeseen circumstances, such as staff illness, that may necessitate some changes to this schedule (e.g. order of topics). The staff will make every effort to communicate these changes to you in good time. Note that all Text Book Reading references are to: Multinational Finance Buckley, A 5th edition - 2004

Copies of this text are available from the University Bookshop (Waterstones Galleria). Additional texts and sources are detailed in the Module Handbook and are available in the Universitys Learning Resources Centre. References to further texts and sources will be made during lectures. Note that there are no references made to Chapters 9, 27, 28, 29, 30 & 31 of Buckley. Chapters 14 to 19 will be covered, but not in depth - references will be given to specific parts of these chapters. Chapter 32 is a collection of Miscellaneous Issues and specific references will be made to parts of this chapter when appropriate. Students attention is drawn to the comprehensive Glossary of Terms from pages 729 to 752 of Buckley.

Module Guide 2013-14

WEEK 1 - Tue 28 JAN 14: Lecture Theme: Introduction to the Module International Monetary System - 1 Chapters 1, 3 & 8 No Seminars this Week

Text Book Reading: Seminar Content:

WEEK 2 - Tue 04 FEB 14: Lecture Theme: Text Book Reading: Seminar Content: International Monetary System - 2 Chapters 2 & 6 No Seminars this Week

WEEK 3 - Tue 11 FEB 14: Lecture Theme: Text Book Reading: Seminar Content: Theories of International Finance Chapters 4 & 7 Discussion of Topics Arising from Lecture & Text Book Readings (See Note at End)

WEEK 4 - Tue 18 FEB 14: Lecture Theme: Text Book Reading: International Financial Markets. Chapter 5 Chapter 16 - Sections 16.1 to 16.5 Chapter 17 - Sections 17.1 & 17.2 Discussion of Topics Arising from Lecture & Text Book Readings

Seminar Content:

WEEK 5 - Tue 25 FEB 14: Lecture Theme: Text Book Reading: Devising a Foreign Exchange Management Strategy Chapters 10 & 11 Chapter 32 - Sections 32.3, 32.4 & 32.5 Discussion of Topics Arising from Lecture & Text Book Readings

Seminar Content:

Module Guide 2013-14

WEEK 6 - Tue 04 MAR 14: Lecture Theme: Text Book Reading: Seminar Content: Techniques for Exposure Management Chapter 12 & 13 Seminars this week will focus on the Multiple Choice Questions in Test Bank 1 (pages 164 to 166) and students should have attempted these questions prior to the seminars. In addition, students should have attempted Test Bank 1 (pages 161 to 164). Answers to the Multiple Choice questions are given at page 708. Answers to Test Bank 1 are given at pages 696 to 699 and problems arising from Test Bank 1 will be dealt with during the seminar.

WEEK 7 - Tue 11 MAR 14: Lecture Theme: Text Book Reading: Seminar Content: Multi-National Capital Investment Chapters 20, 21 & 22 Discussion of topics arising from Lecture & Text Book readings. Discussion of examinations. -1

WEEK 8 - Tue 18 MAR 14: Lecture Theme: Text Book Reading: Seminar Content: Multi-National Capital Investment - 2 Chapters 23, 24, 25 and 26 Seminars this week will focus on the Multiple Choice Questions in Test Bank 2 (pages 239 to 241) and students should have attempted these questions prior to the seminars. In addition, students should have attempted Test Bank 2 (pages 237 to 239). Answers to the Multiple Choice questions are given at page 708. Answers to Test Bank 2 are given at pages 699 to 701 and problems arising from Test Bank 2 will be dealt with during the seminar.

Module Guide 2013-14

WEEK 9 - Tue 25 MAR 14: Lecture Theme: Text Book Reading: Seminar Content: Current Issues in International Finance Guided Reading to be Advised Seminars this week will focus on the Multiple Choice Questions in Test Bank 3 (pages 358 to 370) and students should have attempted these questions prior to the seminars. In addition, students should have attempted Test Bank 3 (pages 357 to 358). Answers to the Multiple Choice questions are given at page 708. Answers to Test Bank 3 are given at pages 701 to 703 and problems arising from Test Bank 3 will be dealt with during the seminar.

WEEK 10 - Tue 01 APR 14: Lecture Theme: Fund Positioning, Transfer Pricing and International Taxation Review of Module Guided Reading to be Advised Open forum to deal with any questions that students may have prior to the Examinations.

Text Book Reading: Seminar Content:

It will be noted that many of the Seminars include a discussion of topics arising from the Lectures and Text Book readings. In order to act as a focus for this activity, a number of specific questions are given at the end of the PowerPoint presentation for each Lecture.

nb

All aspects of the module are potentially examinable. The information given in this Module Guide is believed correct, but HBS reserves the right, at its discretion, and for any reason, to make changes to the Guide, syllabus and/or module without prior notice.

5b

Reading List and Key Text Buckley, A.; Multinational Finance; 5th edition; 2004 Copies of this text are available from the University Bookshop (Waterstones Galleria). Additional texts and sources are detailed in the Module Handbook and are available in the Universitys Learning Resources Centre. References to further texts and sources will be made during lectures.

Handouts and other documentation will also be provided as necessary/put on the Studynet and will constitute part of the essential reading for the course.
Module Guide 2013-14 6

Additional resources From time to time, additional resources will be posted on to Studynet. These may include podcasts, journal articles, weblinks etc. They are designed to help you understand the material, further you reading and help you to relate the material to the real world and current events. You can also find help with your work from ASU and Learning Resources: Academic Skills Unit (ASU) If you have any general queries or concerns regarding how to reference sources appropriately, structure essays etc, the Academic Skills Unit (ASU) M230 can offer invaluable help and support. http://go.herts.ac.uk/bs.academicskills The ASU website provides academic skills guides which may help you: http://www.studynet2.herts.ac.uk/fac/co/BS.nsf/Teaching+Documents?Openview& count=9999&restricttocategory=Business+School+Student+Support/Academic+Sk ills+Unit Learning resources In addition to specific learning resources for your module, for quality information use the Learning Resources page on StudyNet. The information pages for Business help you choose the best sources for different types of business information, and include online tutorials and quizzes for your own Information Skills Development.

Module Guide 2013-14

Subject Information Toolkit on StudyNet StudyNet is used to provide access to specialist information resources through a subject toolkit. The toolkit includes the following: Links to key resources Interactive skills materials A blog to keep you up to date with news on information sources for your subject Contact details for your Knowledge and Business Intelligence Consultant .

To find the business toolkit, go to Learning Resources and click Business under Your Subjects. Link to Business Toolkit http://www.studynet.herts.ac.uk/ptl/common/LIS.nsf/lis/business Information Skills You will be supported during your studies through skills materials designed to develop your effective use of information resources, notably i-Spy. You can work through these at your own pace. Link to i-Spy - http://www.studynet.herts.ac.uk/go/ispy Student Feedback Your feedback to help improve our services is encouraged. HelpDesk Call 01707 284678 or email helpdesk@herts.ac.uk for help on using any of the services and facilities provided by Information Hertfordshire.

6a

Assessment details to include:

Examination / Coursework weighting: Examination Coursework 70% 30%

Examination details: The Examination will be a 2-hour Closed-Book Examination and will be in a similar format to that sat in MAY 13 and previous years. A specimen Examination Paper will be posted on StudyNet. It will comprise two Sections: Section A: a compulsory multiple-choice quiz. There will be ten question, each worth 3 marks - a total of 30 marks available for Section A.

Module Guide 2013-14

Section B: a choice of extended essay-style questions. Candidates will be given a choice of any two of the four questions asked. Each question will be worth 35 marks - a total of 70 marks available for Section B.

Coursework details: The Coursework will be posted on StudyNet by Tue 18 FEB 14.

You should also ensure that your submission meets the following briefing: ACTIVITY: This is an INDIVIDUAL ACTIVITY. You are welcome to discuss this Case Study with other people, but your final submission MUST be an individual piece of work. You are reminded of the University's rules on Plagiarism.

LENGTH: The report should be a maximum of 2,500 words in length, not including Appendices and Reference Lists. Submissions which are more than 2,750 words will be penalised. If you have written less than 2,250 words, you might like to consider whether you have written a sufficiently complete report. ACADEMIC SOURCES: References. The report should make full use of suitable Academic

ADDITIONAL MATERIAL: The report should make use of theory and appropriate indicative calculations where these help to expand or explain your discussion. The use of graphs, diagrams and other means to assist with the development of your discussion is encouraged. DESCRIPTIVE / ANALYTICAL: nature. Reports which are The report should be sufficiently analytical in over-descriptive in nature will be penalised.

CONCLUSIONS: You should include appropriate conclusions. These conclusions should be based on the discussion in the body of the text. Submissions that do not have appropriate conclusions will be penalised. DUE DATE: 23.30 on Mon 17 MAR 14. Submit one Electronic Copy via StudyNet. Students are advised that submissions made up to one week late will normally be penalised by the mark being capped at 40%, whilst those submitted more than one week late are not likely to be graded. RETURN DATE: We hope to be able to report marks and give feedback by Mon 07 APR 14. This date cannot be guaranteed.

Remember, individual assignments must be your own work. Ask yourself:

Module Guide 2013-14

Have I cited all sources using Harvard referencing system? Have I listed in my bibliography/reference list all authors cited in-text? Have I put speech marks around quotations and cited the source. If I changed the sentence structure of any sources (paraphrased), have I cited that source? Is my discussion predominantly my own with my citations being used to justify my arguments?
9

You must not copy from another student nor allow other students to read or have an electronic copy of your work. All coursework submissions will be thoroughly inspected for evidence of plagiarism and collusion and any suspected instances will be immediately reported for investigation and action through the Universitys academic conduct process. Plagiarism software e.g. Turnitin is routinely used by UH. See your Student Planner - Academic Misconduct, P120.

nb

Students obtaining less than 20% for the module overall, will not normally be eligible for a referral.

6b

The grading criteria

HBS grading criteria for student coursework on this module are provided in the Appendix. More detail on the specific criteria for each assignment will be provided by the module leader in the assessment workshop incorporated into the teaching days and in information circulated via StudyNet
6c Referencing properly and the risk of plagiarism / academic misconduct

Please note that HBS reserves the right to use electronic means to identify plagiarism. Students are advised to ensure that they know how to reference using Harvard Referencing System, and that all material used in their coursework is correctly referenced to indicate the source. The Academic Skills Unit has plenty of resources to assist students in academic writing and can be accessed via StudyNet. HBS reserves the right to viva students as a method to test that work produced is the students own work.

Module Guide 2013-14

10

6d

How the assessment relates to the Module Learning Outcomes

These details will be provided when the details of the Coursework are posted on StudyNet on Tue 18 FEB 14.

Learning Outcomes Knowledge and understanding

CW1

CW2 Exam

Skills and Attributes

Key: CW Coursework

6e

Deferral/Referral Assessment Specific details of the referred/deferred coursework will be put on StudyNet by 28 April 2014, and the submission date for that work is for all referred/deferred coursework assessments will be 16 June 2014. This deadline relates to semester A, semester B and semester A/B referred/deferred coursework.

6f

Feedback on your module Feedback from assessed coursework assignments will normally be provided either using the StudyNet Online Feedback Form or by the HBS Assessment Feedback Form' which will provide feedback/feedforward on many aspects of your work and on how you can improve in future assignments. Formative and/or general feedback may also be given in class time.

Likely Module Workload Activities Lectures Seminars / Tutorials / Workshop Assignment 1 (e.g. 40 hours) - Research, writing, drafting and editing E.g. Complete as appropriate Pre-lecture/ reading Seminar preparation, e.g. for weekly tasks Exam Preparation other Total Total 12 12 40 96 Hours per week 1 1

150 hours per 15 credits

On average 10 hours per week per module

Module Guide 2013-14

11

Graduate Attributes: Professionalism, employability and enterprise The University promotes professional integrity and provides opportunities to develop the skills of communication, independent and team working, problem solving, creativity, digital literacy, numeracy and self-management. Our graduates will be confident, act with integrity, set themselves high standards and have skills that are essential to their future lives. Learning and research skills The University fosters intellectual curiosity and provides opportunities to develop effective learning and research abilities. Our graduates will be equipped to seek knowledge and to continue learning throughout their lives. Intellectual depth, breadth and adaptability The University encourages engagement in curricular, co-curricular and extracurricular activities that deepen and broaden knowledge and develop powers of analysis, application, synthesis, evaluation and criticality. Our graduates will be able to consider multiple perspectives as they apply intellectual rigour and innovative thinking to the practical and theoretical challenges they face. Respect for others The University promotes self-awareness, empathy, cultural awareness and mutual respect. Our graduates will have respect for themselves and others and will be courteous, inclusive and able to work in a wide range of cultural settings. Social responsibility The University promotes the values of ethical behaviour, sustainability and personal contribution. Our graduates will understand how their actions can enhance the wellbeing of others and will be equipped to make a valuable contribution to society.

Useful resources for support with your modules o o o Academic Skills Unit (ASU) http://www.studynet.herts.ac.uk/go/asu Information Hertfordshire Information Hertfordshire Toolkit for Business and may help you choose the best sources for different types of business information and include Online tutorials and quizzes . Academic Integrity http://www.studynet2.herts.ac.uk/ptl/common/asu.nsf/Teaching+Documents?Openview&c ount=9999&restricttocategory=Academic+Expectations/Academic+Integrity

10

Serious Adverse Circumstances 'Serious adverse circumstances' are significant circumstances beyond a students control that would have affected the students ability to perform to their full potential if they were to submit or attend assessments at the appointed time. If, despite such circumstances, you decide to sit/submit an assessment, the University will not normally accept a claim of serious adverse circumstances in respect of that assessment. If there are Serious Adverse Circumstances that have affected your assessment(s), you must communicate details to the University together with appropriate evidence, using the form provided by your School. Please read the Universitys guidance on Serious Adverse Circumstances before you sit/submit an assessment. Full guidance can be found in your Programme Handbook and in the A - Z Guide for students on StudyNet

Module Guide 2013-14

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11

Module deadline extensions Only module leaders have the discretion to grant individual extensions to coursework deadlines for their module. Appropriate evidence will need to be provided to them ahead of the original deadline, and students should ensure that they make an appointment to discuss their extension request with their Module Leader.

Module Guide 2013-14

13

Appendix 1

Hertfordshire Business School

Assessment Verbs for Exams and Assignments

Term
KNOWLEDGE

Meaning Arrange into groups/divide according to class/type Explain precisely; state the meaning of; give details to show boundaries/distinguish it from others State a detailed account; information showing what/why/when/where/how/who something/ one is Name, specify, point out, pick out key facts, features, criteria, etc Catalogue; name items in a sequence; mention briefly Register data, make accurate note of facts, evidence Express main points carefully, completely, briefly and clearly; specify Give an account/overview of the topic /main points of; make a short general statement about

Classify Define Describe Identify List Record State Summarise

COMPREHENSION Calculate Work out/find out using your judgement; determine; weigh reasons carefully Compare Examine two or more things / ideas in order to focus on their relationship/likeness/similarities & only mention/acknowledge differences Discuss Consider from several points of view & explore implications; put the case for and against a proposition & end with some statement of your own position Explain Make clear and understandable; give reasons for; interpret and account for Express Clearly state, show an opinion/a fact/a feeling Indicate Show; point out; draw attention to; give evidence of; make clear; Prepare Present Quantify Recognise Relate Report Review Translate Get ready, set up, practise and/or make something, e.g. a presentation To introduce & deliver/depict/portray/display/demonstrate/show, put forward arguments for and expound a case, to being to notice Express/measure the amount or quantity of Identify, recall, recollect, acknowledge, spot, notice, endorse, accept as valid, appreciate, pick out Show/establish how things are linked to & impact upon each other, and to what extent they are alike Give an account of, inform, recount, relate, record Make a survey of, examining the subject critically; consider and judge carefully Interpret, convert, decode and explain

APPLICATION Apply Explain something, e.g. theory, with links, evidence and examples, e.g. from the real business world so shows something is understood Demonstrate Show clearly by giving evidence/proof/examples. Develop the idea by reasoning and example Derive Obtain results/draw from/ develop Find Discover something, e.g. information, reveal meaning, locate, obtain Forecast Predict, estimate or calculate possible results linked to criteria, complete or incomplete facts or reasoning Highlight Emphasise, stress, underline, show up, focus, attention on, give prominence to Illustrate Make clear by using examples; use figures or diagrams to explain; show the meaning of something by giving related examples Implement Put into practice or action a plan, apply, employ, instigate Plan Arrange something or event; with aims, times, stages, sequence, outcomes Produce Make, create, construct something or make clear case for Reconcile Bring together, settle/resolve issues, e.g. levels of acceptance of a statement/proposition Schedule Plan and identify the order of actions or events within a set timescale, agenda, calendar, rota, list Solve Unravel the issues, work out the answer, decipher and explain Tabulate Put things in a table or chart to show clear results/information Use Employ, apply something, apply and draw on experience, knowledge Validate Confirm, authenticate, certify, endorse, support with evidence Verify Make sure that something is accurate/true; check; prove that with evidence
Approved by FLTG, 28/1/09. Updated 10/06/12 14 HBS, 2009.

ANALYSIS Analyse Take apart an idea or statement; unpack; deconstruct; examine in depth & consider how the parts interrelate, give reasons & answers to questions (e.g. Who? What? Where? When? Which? Why? How?) Argue Make a case based on appropriate evidence to support a point of view Compare & Compare two or more objects/things/people to focus on their similarities and their differences contrast Debate Question/dispute/deliberate/argue a view or case Differentiate Explain/show how something is different from something else Distinguish Identify the differences between/separate/discriminate Examine Consider; look closely at a question to find out Interpret Give an account of the meaning; use your judgement indicating relationships to others or way of looking at Propose To offer or put forward for consideration or acceptance, something to be undertaken Question Query subject matter; make enquiries to identify and address issues/problems, to consider and doubt facts and possibilities, complete and incomplete knowledge/understanding Test Question and check out material/views; investigate and experiment to assess evidence, try to prove

SYNTHESIS Create Generate/construct/design/invent some original thought/idea/thing/product Design Devise/plan/invent/draw up plans/propose/formulate Determine Find out something exactly; establish/decide Explore Discover more about; look carefully for; investigate; seek for/after; attain by search Formulate Express/compose/devise something by means of a formula or model or specific words/definitions Integrate Incorporate, put together things; combining ideas, theories and /or practices Justify Argue/defend/support an issue or case; provide explanations and reasons/facts/information/ strong evidence and examples Organise Put in some order, sort out people, plans, facts, issues; arrange/systemise Structure Organise and arrange ideas/things in a clearly formulated way; construct obvious shape, by a plan with organisation/ composition Synthesise Consider different materials/views to bring common points together

EVALUATION Advise Give suggestions based on your judgement/views about future actions, with explanations /evidence/ reasons Appraise/ Judge the importance/value/ quality/worth of something and give reasons Assess Conclude Give an answer/ summary, a final account, reach a decision about something showing the key steps/points/ reasons/judgements that assisted you in reaching your view/answer Critically/ Comment on the merit of data/theories/opinions/relevance; judge evidence; weigh up strengths / benefits and faults/weaknesses Critique Estimate Evaluate Judge Recommend Reflect Predict; form an opinion as to the degree/nature/ value/size/amount of Make an appraisal as to the worth of; judge effectiveness/value/quality/nature/use of/amount of State opinion/view based on evidence/examples; ascertain to what distance/amount; to what extent; to what degree Suggest possible actions/routes/outcomes; linked to and based on previously shown knowledge and understanding, may include your views and advise Consider and assess strengths & weaknesses/usefulness/quality/ performance and draw conclusions

Approved by FLTG, 28/1/09. Updated 10/06/12

15 HBS, 2009.

UG Standard Assessment & Grading Criteria for HBS Coursework (Report)

Module Code:_______________________________
REPORT Task details Presentation & structure Follows report structure & keeps to word limit of ...

Penalty:

Lecturer:________________________________
Content/ Terms/ Findings/ Definitions/ Calculations Content included - specify task requirements as in module guide & coursework guidance

Student: ________________________________________
Business Application & Integration of Data/Literature Integration & application of information - from coursework guidance /module guide Discussion /Analysis /Critical evaluation &/or Reflection Line of argument, development of discussion add instructional verbs to suit the task & level

Total Mark Awarded:

Use & presentation of Harvard Referencing Follows Harvard style for in-text citation & Reference List Use a minimum of ... sources

Any other lecturer instructions

/marks
80-100 Outstanding

/e.g. 10 Marks
Outstanding... Presentation & report structure, with numbered paragraphs, list of contents/figures &appendices. Articulate & fluent academic writing style with ideas cross referenced. No grammatical / spelling errors. Excellent ... Presentation & report structure, with numbered paragraphs, list of contents/figures, appendices & cross referencing. Articulate & fluent academic writing style. Only a minor error. Very good... Presentation & report structure, paragraphing, use of numbering, list of contents/figures, appendices & cross referencing. Fluent academic writing style. Very few grammatical errors & spelling mistakes. Good... Clear presentation & report structure, use of numbering & appendices. Writing is mainly clear but some spelling &/ or grammatical errors. Satisfactory... Basic report structure. Not always written clearly & has grammatical & / or spelling errors. Weak... Report format, limited or poor structure. Muddled work with many spelling & / or grammatical errors. Inadequate... Report format and poor paragraphing / signposting. Inappropriate writing style Poorly written &/or poor spelling & grammar. Must see ASU Nothing of merit... Poorly written work, lacking structure, paragraphing / signposting. Many inaccuracies in spelling & grammar. Must see ASU

/e.g. 5 Marks
Outstanding... Standard of referencing within text & consistent use of Harvard referencing system. Accuracy of in-text references & full details shown in Reference list.

/ e.g. 30 Marks
Outstanding... Exploration of topic showing excellent knowledge & understanding through thorough & appropriate research. Impressive choice and range of appropriate content.

/e.g. 15 Marks
Outstanding... Business insight & application. Breadth, depth & integration of literature/data into work.

/e.g. 40 Marks
Outstanding... Level of discussion/analysis/ critical evaluation &/or reflection. Highly developed/ focused work.

Lecturer comments:

70-79 Excellent

Excellent... Standard of referencing within text & consistent use of Harvard referencing system. Accuracy of in-text references & full details shown in Reference list.

Excellent ... Level of knowledge & understanding demonstrated. Evidence of appropriate reading. Covers all relevant points & issues.

Excellent ... Business insight & application. Breadth, depth & integration of literature/data into work.

Excellent... Level of discussion/analysis/ critical evaluation &/or reflection clearly developing points in the appropriate way with thorough consideration of all possibilities. Very good... Level of discussion/analysis/ critical evaluation &/or reflection & a few ideas/points could benefit from further development &/or evaluation/comparison.

60-69 Very Good

Very good... Standard of referencing within text & consistent use of Harvard referencing system. Accuracy of in-text references & full details shown in Reference list.

Very good... Level of knowledge & understanding demonstrated. Covers most relevant points & issues. Few errors / omissions in content/calculations.

Very good... Business insight & application. Breadth, depth & integration of literature/data into work.

50-59 Good

Good... Standard of referencing within text & consistent use of Harvard referencing system. Accuracy of in-text references & full details shown in Reference list. Satisfactory... Basic referencing within text & consistent use of Harvard referencing system. Accuracy of in-text references & full details shown in Reference list. Weak...Use of Harvard referencing system with errors & inconsistently applied. Limited referencing within the text. Limited accuracy of in-text references compared to those in the final Reference list. Inadequate... Use of Harvard referencing with many errors &/or inconsistencies. Must see ASU Nothing of merit... No or little attempt to use the recommended Harvard referencing system. Must see ASU

40-49 Satisfactory

Good... Grasp of the topic & some of its implications presented. Knowledge & understanding is demonstrated. Minor errors / omissions in content/ calculations. Satisfactory... Content / level of knowledge of the topic. Addresses part of the task. Some errors / omissions in content/ calculations. May benefit from further research. Weak... Limited content / knowledge/ calculations. Limited or muddled understanding of the topic/question. Does not meet all the learning outcomes. Inadequate... Lacking in relevant content/ knowledge/calculations. Content irrelevant / inaccurate. Does not meet all the learning outcomes. Nothing of merit... Unsatisfactory level of knowledge demonstrated. Content used irrelevant / not appropriate/ to the topic. Does not meet the learning outcomes.

Good... Business insight & application. Breadth, depth & integration of literature/data into work.

Good... Level of discussion/analysis/ critical evaluation &/or reflection but more ideas/points could be addressed /developed further.

Satisfactory... Business insight & application. Limited integration with literature/ data. Use of literature/data but limited in breadth OR depth. Weak... Unsatisfactory evidence of business application & insight Work needs to show better links between practical application and theory. Inadequate... Lacks evidence of business application & insight. Some literature irrelevant to topic. Nothing of merit... No evidence of appropriate business application & insight.

Satisfactory... Basic evidence of discussion/analysis/ critical evaluation &/or reflection but some points superficially made so need further development. Weak... Limited evidence of discussion/analysis/ critical evaluation &/or reflection. More development & comment needed. May need to do more than describe. Inadequate... Lacking / inadequate level of discussion/ analysis/critical evaluation & /or reflection. Descriptive. Must see ASU Nothing of merit... Unsatisfactory level of discussion/analysis/critical evaluation &/or reflection Must see ASU

30-39 Marginal Fail

20 29 Clear Fail

1 19 Little or Nothing of merit

This form is used by staff & students to provide feedback to assist students future work.

Approved by FLTG, 28/1/09. Updated 10/06/12

16 HBS, 2009.