Assessment Part 2:
This Competency Assessment assesses the following outcome(s):
MT480M1: Analyze financial statements to measure the financial performance of a business entity.
PC-1.2: Contribute to team goals and objectives through active participation and collaboration.
The ability to interact and solve problems together — even at a distance — is a key skill in today’s business environment. In this part of the assessment you have the opportunity to analyze financial data and present the rationale to deny a loan renewal request besides getting some practice operating as you were a member of a team.
Instructions: Read the scenario in the pdf provided below and then access the data spreadsheet and the denial letter template, as well as the grading rubric. Then, as if you were a member of a team, respond to the checklist items below.
-Provide the goals, resources, and timelines for the team project.
-Explain the communication protocol for team members.
-Explain how you resolved the problems on page #8 of the pdf.
As the loan officer, you must pass along the news in a business letter that is most professional and written in an objective manner. Please use values in the letter whenever possible.
Access the loan renewal denial letter template
Access the data worksheet
Access the assessment rubric
Minimum Submission Requirements
If work submitted for this competency assessment does not meet the minimum submission requirements, it will be returned without being scored.
Plagiarism is an act of academic dishonesty. It violates the University Honor Code, and the offense is subject to disciplinary action. You are expected to be the sole author of your work. Use of another person’s work or ideas must be accompanied by specific citations and references. Whether the action is intentional or not, it still constitutes plagiarism.
CRITERIA: Please be sure to include all the below
Based on the provided pdf team scenario:
Provides the goals, resources, and timelines for the team project.
Explains the communication protocol to be used by the team.
Explains how to resolve the problems on page 8 of the pdf.
Completes the denial letter.
[Uses the correct tone to the client in the denial letter demonstrating understanding of the financial ramifications for the company.]
Submits a correctly completed data sheet.
Analyzing the data sheet, explains why he/she is denying the loan based on: Accounts Receivable, Accounts Payable, and Inventory.
[Provides correct and logical reasoning regarding the analysis he/she used of Accounts Receivable, Accounts Payable, and Inventory, to deny the loan.]