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ANNUAL ASSESSMENT REPORT FOR 2007-08



Department/Program: Finance
Date Submitted: September 17, 2008
Authors: William Te...
3. Define and apply the       ETS - Major         70% correct on relevant       Collect and      Average a score of 3 (goo...
2. Use of Results—What programmatic changes, if any, were made in response to the findings? Reference the SLO #.


3. What...
thought.
      2.    Describe various financial processes such as issuing               X
            securities and payin...
6b.   Learning/developmental opportunities for students outside the classroom—If any SLO was addressed outside the classro...
Finance Major Evaluation Rubric - Cross-Border Capital Budgeting Case Analysis

SLO   Category                        Unac...
1     Interpreting results and   Seems unaware of     Can apply basic        Can apply and     Can apply, interpret and
  ...
Finance Major Evaluation Rubric – International Financing Case Analysis

SLO   Category                           Unaccept...
EVALUATED BY: _________________________________________
                                     Evaluation Rubric - Financial...
Evaluation Rubric – Retirement Investment Portfolio

SLO   Category             Unacceptable=0          Fair = 2          ...
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Finance

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  1. 1. ANNUAL ASSESSMENT REPORT FOR 2007-08 Department/Program: Finance Date Submitted: September 17, 2008 Authors: William Templeton, Roberto Curci, Steve Dolvin, Mark Uchida Student Learning For each SLO, list two methodologies and the criteria for successful performance (such as a Term Outcome (SLO) measurement, rubric or scale that indicates a baseline for competency). Assessed (F07 or S08) Methodology 1 Criteria for Success Methodology 2 Criteria for Success 1. Explain investment ETS - Major Field 70% correct on relevant Collect and evaluate Average a score of 3 decisions based on Test ETS test items a cross-border capital (good) on the projected cash flows, budgeting analysis in appropriate rubric. the timing of the cash FN451. flows and the risk of the cash flows. This valuation approach is a key to financial thought. 2. Describe various ETS - Major Field 70% correct on relevant Collect and evaluate Average a score of 3 financial processes Test ETS test items an international (good) on the such as issuing financing analysis in appropriate rubric securities and paying Eurocurrency dividends and discuss markets in FN451. the implications to the firm. 1
  2. 2. 3. Define and apply the ETS - Major 70% correct on relevant Collect and Average a score of 3 (good) related concepts of Field Test ETS test items evaluate FN347 for each of the learning diversification, Investments objectives portfolio theory and project. asset allocation within an investment portfolio. 4. Perform a financial ETS - Major Field 70% correct on relevant Collect and Average a score of 3 (good) analysis of a firm such Test ETS test items evaluate FN340 on the appropriate rubric as might be needed for project on the granting of credit Financial or for equity Statement investment. Analysis. 5. Manage a portfolio of Collect and Average a score of 3 (good) investments for their evaluate FN347 on the appropriate rubric personal benefit or for Investments the benefit of others. project. 6. Use tools such as Collect and Average a score of 3 (good) Collect and Average a score of 3 (good) Excel and internet evaluate FN340 on the appropriate rubric evaluate FN347 on the appropriate rubric database sources to project on Investments improve their financial Financial project. analysis and insight. Statement Analysis 7. Appreciate the role of Collect and Average a score of 3 (good) Collect and Average a score of 3 (good) globalization in evaluate a cross- on the appropriate rubric evaluate an on the appropriate rubric financial markets and border capital international financial decision budgeting financing making. analysis in analysis in FN451. Eurocurrency markets in FN451. 1. Findings—Summarize the findings from the assessment activities for each SLO that was assessed. Identify the SLO # and append supporting documentation such as rubrics, scales, pass rates, test scores, or other measurements used to assess each SLO. 2
  3. 3. 2. Use of Results—What programmatic changes, if any, were made in response to the findings? Reference the SLO #. 3. What support services or resources for faculty would help your department assess its SLOs better? 4. What revisions, if any, to current SLOs did you make or are under consideration? 5. Map each of your program’s SLOs to the University Learning Outcomes. Make annual updates only if your SLOs changed. For example: Butler University students will: 1. Explore various ways of knowing in the humanities, social and natural sciences, quantitative and analytic reasoning, and creative arts. (Know) 2. Articulate and apply required content knowledge within their area(s) of study. (Know) 3. Find, understand, analyze, synthesize, evaluate and use information, employing technology as appropriate. (Know) 4. Explore a variety of cultures. (Know) 5. Recognize the relationship between the natural world and broader societal issues. (Know) 6. Communicate clearly and effectively. (Do) 7. Demonstrate collaborative behavior with others. (Do) 8. Practice ways and means of physical well-being. (Do) 9. Acquire the skills to make informed, rational and ethical choices. (Do) 10. Experience diverse cultures, ethnicities, religions and sexual orientations. (Value) 11. Share their talents with Butler and the greater community at large. (Value) 12. Be exposed to the value of lifelong learning. (Value) Finance Student Learning Outcomes: Butler University Learning Outcomes 1 2 3 4 5 6 7 8 9 1 1 1 0 1 2 1. Explain investment decisions based on projected cash X X flows, the timing of the cash flows and the risk of the cash flows. This valuation approach is a key to financial 3
  4. 4. thought. 2. Describe various financial processes such as issuing X securities and paying dividends and discuss the implications to the firm. 3. Define and apply the related concepts of diversification, X portfolio theory and asset allocation within an investment portfolio. 4. Perform a financial analysis of a firm such as might be X X needed for the granting of credit or for equity investment. 5. Manage a portfolio of investments for their personal benefit X or for the benefit of others. 6. Use tools such as Excel and internet database sources to improve their financial analysis and insight. 7. Appreciate the role of globalization in financial markets X X and financial decision making. 6a. List all courses in the program and map each of your SLOs to the curriculum in which the learning occurs, indicating the extent to which the outcome is introduced (I) or refined (R). [Make annual updates only if your SLOs or curriculum changed.] SLO 1 SLO 2 SLO 3 SLO 4 SLO 5 SLO 6 SLO 7 FN 340 I I I R R I FN 342 R R FN 347 R R R I R I FN 350 R FN 352 R R FN 371 R R R FN 390 R R FN 451 R R R R FN 470 R R R R R FN 471 R R 4
  5. 5. 6b. Learning/developmental opportunities for students outside the classroom—If any SLO was addressed outside the classroom, explain where and how the learning/developmental opportunities were provided to students in your program? (i.e., internships, field experiences, visiting lectures, collaborative projects, and other creative ideas you may have employed.) 5
  6. 6. Finance Major Evaluation Rubric - Cross-Border Capital Budgeting Case Analysis SLO Category Unacceptable= Fair = 2 Good = 3 Excellent =4 Score 0 1 Identifying incremental cash Fails to distinguish Makes the basic Makes few Makes no errors in flows incremental cash distinctions between errors in identifying relevant cash flows from accounting values identifying flows, even making accounting flows and cash flows, but relevant cash more difficult or book values makes multiple errors flows distinctions appropriately 1 Appropriately using the Fails to accurately Use the correct cash Use the correct Appropriately uses both timing and risk of cash flows use either the flows but the cash flows but the cash flows and the project cash flows incorrect discount the incorrect discount rates in all the or the appropriate rates for all the discount rates in calculations discount rates recipes one recipe 6 Ability to use Excel Fails to provide Displays the use of Displays use of Displays mastery in the spreadsheets to formulate and any evidence of the Excel spreadsheets on Excel use of Excel spreadsheet undertake the analysis of use of technology the analysis; spreadsheet to analyze the international financing to undertake the however, showcases throughout the international financing alternatives analysis inconsistency of use analysis; alternatives however, makes few errors 8 Appropriately forecast the Inaccurate forecast Accurate forecast of Accurate Showcases mastery in exchange rates through PPP of exchange rates exchange rates both forecast of forecasting exchange and IRP Adjusting cash flows through both PPP through PPP & IRP, exchange rates, rates and using them to to reflect currency and and IRP but inappropriate use appropriate use convert cash flows to a inflation effects. to convert cash flows to convert cash different currency base flows; however, with a few errors 1 Determining values for Is unable to Calculation results Calculation of All calculations of capital budgeting measures, perform the are reasonable NPV values are capital budgeting e.g. NPV and IRR calculations numbers, but correct, but measures (NPV, IRR, incorrect miscalculates etc.) are correct another measure (IRR, payback, PI) 6
  7. 7. 1 Interpreting results and Seems unaware of Can apply basic Can apply and Can apply, interpret and making investment basic capital decision rules but interpret basic use multiple capital recommendations budgeting decision seems unable to capital budgeting techniques in rules relate results to budgeting formulating a impact on firm techniques such recommendation (NPV, owners. (Does not as NPV and IRR IRR, PI, payback) understand that NPV . represents impact on shareholder wealth STUDENT NAME/GROUP____________________________________ TOTAL SCORE __________ EVALUATED BY: _________________________________________ 7
  8. 8. Finance Major Evaluation Rubric – International Financing Case Analysis SLO Category Unacceptable= Fair = 2 Good = 3 Excellent =4 Score 0 2 Familiarity with basic Fails to understand Displays a Makes few errors Displays mastery of features of financing the basic features rudimentary in describing or institutional instruments of financing understanding, but discussing knowledge of instruments such makes multiple errors financing financing instruments as bonds, shares, or in description or instruments and markets bank loans interpretation 2 Ability to calculate the cost of Did not take into Takes into account Makes few errors Displays clear international financing account the effect interest rates and calculating the understanding and alternatives taking into of both interest exchange rates but overall cost of mastery of execution account interest rates and rates and exchange makes substantial inter. Financing of an international exchange rates rates mathematical errors financing analysis 2 Ability to compare and Fails to compare Takes into account Takes into account Displays superior contrast domestic and alternatives in the currency basis but currency basis but execution of the international financing same currency showcases several showcases a few overall analysis in a alternatives basis inconsistencies errors single currency base 2 Ability to make appropriate Fails to provide Provides conclusions Provides good Displays superior conclusions and any interpretation & recommendations; recommendations interpretation of recommendations on of the findings or however, showcases but misses key findings and financing alternatives recommendations some flouts points conclusions 6 Ability to use Excel Fails to provide Displays the use of Displays use of Displays mastery in spreadsheets to formulate and any evidence of the Excel spreadsheets on Excel spreadsheet the use of Excel undertake the analysis of use of technology the analysis; throughout the spreadsheet to analyze international financing to undertake the however, showcases analysis; however, the international alternatives analysis inconsistency of use makes few errors financing alternatives 8 Ability to digest the impact of Makes no attend to Attends to interpret Identify the Displays mastery in international market factors interpret why it the source of lower exchange rate the ability to digest the on the cost of capital by might be cheaper cost; however, does impact on the cost potential benefits of taking into account currency to source capital not clearly identify it of capital but international financing and global market international rather makes a few opportunities than domestically errors STUDENT NAME/GROUP____________________________________ TOTAL SCORE __________ 8
  9. 9. EVALUATED BY: _________________________________________ Evaluation Rubric - Financial Statement Analysis SLO Category Unacceptable=0 Fair = 2 Good = 3 Excellent =4 Score 4 Selection and Seems unable to Can set up a routine Can set up a Is capable of raising questions interpretation of distinguish the type analysis of financial customized analysis about firm condition or relevant ratios of information statements with basic of financial statements performance and selecting, or contained in ratios interpretations of ratio that addresses a firms’ constructing appropriate or provide even the values particular industry or ratios to provide evidence for most basic situation conclusions interpretation of ratio values 6 Use of internet Unable to access Is limited in sources Is generally able to Able to discover, evaluate, sources of electronic database that can be accessed discover and download and appropriately financial data and download and unable to evaluate appropriately display display data retrieved from appropriate data or compare the quality retrieved data from electronic sources of the data electronic sources 4 Trend and Is unable to identify Is able to spot growth Can generally identify Identifies and notes relative industry trends or make and slowing trends trends and is often significance of trends and comparisons comparisons to but unable to able to note significant industry comparisons industry data determine significance differences with of differences industry comparisons 4 Ability to draw Offers only most Can occasionally offer Can offer several Can offer many hypothetical insight and raise basic reasons. Does reasons for trends, and possible reasons for reasons for trends or issues from data not indicate the some indication of findings in ratio differences from industry , causes for causes. analysis, and trace them throughout fluctuations. sometimes relate them financial statements, and spot to business strategic successes and approaches or unique failures relative to a firm’s firm characteristics business plan Student Group/Name ___________________________________ Total Score __________ EVALUATED BY: _____________________________________ 9
  10. 10. Evaluation Rubric – Retirement Investment Portfolio SLO Category Unacceptable=0 Fair = 2 Good = 3 Excellent =4 Score 3 Identify risk Incorrectly matches Risk tolerance is Precisely matches Correctly matches personal tolerance level stated risk tolerance identified in category stated personality and characteristics to risk to personal close to correct level circumstances to tolerance and recognizes characteristics proper risk tolerance changes that may occur over category time 3/5 Match portfolio Improperly assigns Portfolio allocation is Holdings are matched Properly assigns allocation holdings to stated sector weights or within acceptable ideally to the stated based on current status and risk tolerance holdings based on target levels and risk tolerance and are identifies ongoing stated risk tolerance displays adequate appropriately adjustments that may result diversification diversified from life changes 5 Evaluate potential Poor investment Holdings are Correct investments Selects proper investments portfolio holdings selection based on a acceptable (but are chosen based on a using extensive quantitative failure to apply suboptimal) and are reasonable set of and qualitative rationale that accepted criteria for selected based only on financial metrics and considers future trends and investment analysis simple metrics background developments 6 Application of No apparent use of Uses the spreadsheet Uses only common Builds integrated models that spreadsheet spreadsheets or for simple sorting and features and functions require use of more advanced software related technology aggregating of data built into the software statistical tools 6 Use of internet Unable to access Is limited in sources Is generally able to Able to discover, evaluate, sources of electronic database that can be accessed discover and download and appropriately financial data and download and unable to evaluate appropriately display display data retrieved from appropriate data or compare the quality retrieved data from electronic sources of the data electronic sources Student Group/Name ___________________________________ Total Score __________ EVALUATED BY: _____________________________________ 10
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