Referencing Styles : AGLC Case Requirements 1. Each group is required to prepare an application to a lending institution (bank or other financial institution) for a loan to finance a new investment project for your organisation. The organisation can be a profit or not-for-profit entity. 2. The investment project must have benefits for the environment and/or society. The project must also be an original idea of the group. Hint: Be creative and realistic (importance of context) lenders are unlikely to be persuaded to provide a loan if the outcomes of the project cannot be realised realistically. 3. You are given full discretion in creating the business organisation (entity) that is proposing the project and its duration. 4 Hint: You may consider a business that has been in operation for some time in order to provide past financial information to support the loan application or you may want to persuade the lender for venture capital to fund an innovative idea. You may be thinking of a multi-million dollar project (note that the funding does not have to be for 100% of the project) or a much smaller project of $100,000 or less. It is your project and you decide on its nature, purpose, size and scope. The business structure (sole proprietor, partnership or company) of the organisation will no doubt be a relevant consideration. 4. Your knowledge of the various topics in ACCG106 is going to be useful. However, do not ‘dump’ all that you have learnt in ACCG106 into the loan application. Instead, apply your knowledge in this context by integrating the appropriate amount of supporting materials or information convincingly in the loan application. 5. You may not know what a loan application looks like or what information should be in it. One way of addressing this problem is by contacting someone in business, for example, a bank manager or a commercial lender to find out. Accountants also write loan applications for their clients. You may ask your parents, friend, sibling, uncle/aunt for help, but you have to seek advice and feedback from an external person (external to the group). It is a requirement of the assignment to obtain advice and feedback from an external person in business, financial services or an accountant, etc. and to apply the advice and feedback to make improvements to your loan application before the final submission. Hint: This is a good opportunity to make contact with the ‘real’ business world. This initial contact could lead to an employment opportunity in the future. 6. Each group will also provide feedback to another group. Learning processes that engage students in dialogues, giving, receiving and applying feedback are particularly effective for developing complex graduate capabilities and communication skills. The receiving group has to describe how it has reflected on and used the feedback for improvement and enhancement of their loan application. The processes of giving feedback, receiving and implementing feedback (from peers and an external person) will be assessed. 7. To make the loan application authentic, each group will have to come up with fictitious names for the business entity, the nature of the business, the people (or person) preparing the loan application, the names of the bank or financial institution and the lending manager, addresses, etc., In short, you will need to ensure the loan application authenticity. ACCG 106 staff will not assist you in making these decisions or decide for you the number of pages for the loan application. It is your decision and decision-making is a critical component of this learning exercise.