代写 ACF308 BA Accounting

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代写 ACF308 BA Accounting

Xi’an Jiaotong-Liverpool University

PAPER CODE: ACF308/15-16/S2/FINAL REPORT Page 1 of 3

PAPER CODE EXAMINER DEPARTMENT TEL

ACF308

2nd SEMESTER 2015/16

BA Accounting – Year 4

Accounting Final Year Project

INSTRUCTIONS TO STUDENTS:

1 、 This is a take-home assignment.

2 、 This assignment consists of two case studies each carrying 100 marks.

3 、 Please note that Case Study A and Case Study B are worth 45% and 40% of the

final grade, respectively.

4 、 Please answer both case studies.

5 、 Only answers written in English are accepted.

6 、 Your answers should not exceed 3,000 words for each case study. Please take

into account that the word count is intended as an upper limit and excludes

tables, figures, table of contents, and bibliography.

7 、 Please submit your answers in the form of MS Word files via ICE no later than

6:00 PM on Friday, the 13th of May 2016.

8 、 The two MS Word files should be named as xxxxxx_Report_A.docx and

xxxxxx_Report_B.docx, respectively, where xxxxxx is your student ID.

GOOD LUCK

Xi’an Jiaotong-Liverpool University

PAPER CODE: ACF308/15-16/S2/FINAL REPORT Page 2 of 3

Case Study A: Sears, Roebuck and Co. vs. Wal-Mart Stores, Inc. (100 marks)

Note:

This assignment focuses on how an accountant selects, analyses, and presents information

contained in the financial statements and notes in order to assist users of the financial

statements to make informed decisions about the performance of a company.

Regurgitating textbook definitions of ratios does not constitute an answer to this assignment

nor does calculating a number of ratios lacking sufficient interpretation.

You work as an analyst for an investment bank, and you have been asked to write a report

examining how Sears and Co., and Wal-Mart create value for their shareholders.

(I). You are expected to use ratio analysis in order to explain how the two companies differ in

terms of Return on Equity, asset utilisation, financing and operating policies . (34 marks)

(II). You should discuss how the comparison between the two companies may be affected by

the presence of non-recurring, and non-comparable, items as well as the use of different

accounting choices, such as: depreciation, inventory valuation, and leases. (33 marks)

(III). You should also discuss the usefulness and limitations of ratio analysis in comparing the

two companies. [Note: You could support your discussions by giving specific examples

from the case study.] (33 marks)

Xi’an Jiaotong-Liverpool University

代写 ACF308 BA Accounting

PAPER CODE: ACF308/15-16/S2/FINAL REPORT Page 3 of 3

Case Study B: G&A Incorporated (100 marks)

1. As you were planning the audit for G&A, what conditions should have alerted you that

revenues might be intentionally misstated?

(20 marks)

2. Suppose you want to detect any potential problems associated with the December 2005

'sales' to distributors.

(a) What items on the financial statements should you audit? (10 marks)

(b) What audit objectives should you try to achieve in auditing these items? (10 marks)

(10 marks)

3. (a) State whether or not G&A should have recognised revenue on the December 2005

transactions with its distributors. (10 marks)

(b) If G&A should not have recognized revenue in the above-mentioned transactions,

how should G&A have recorded these transactions? (10 marks)

4. Please discuss whether the auditors of G&A have complied with the relevant international

standards on auditing in allowing the accounting treatment of the December 2005 'sales' to

distributors. [Note: Use only information that was available to the auditors at the time the

audit report was prepared (assume a January 2006 reporting date).] (30 marks)

THE ASSIGNMENT ENDS HERE

代写 ACF308 BA Accounting