Financial Accountability And Reporting 代写

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Financial Accountability And Reporting 代写


Financial Accountability And Reporting
Semester 1 2017
Research Assignment
 
Due Date:May 3, 2017
 
This assignment is worth 20%(20 marks) of the total assessment for this course.
The assignment requires reflecting and critically analysing the financial report of a company – as assigned to your group in tutorial – and summarising your reflection in a video report to be submitted for assessment.
 
What you need to do?

1. Form a group of max. 3 students from within your timetabled tutorial, communicate the group members’ names to your tutor.
2. Each group will be allocated an Australian listed company by your tutor, following the list below:

1)      The reject shop
2)      JB Hi-Fi
3)      Tatts Group
4)      Harvey Norman Holdings
5)      Breville
6)      Flight Centre Travel Group Limited
7)      Domino’s Pizza Enterprises Limited
8)      Wesfarmers Limited
9)      Blackmores Limited
10)   Qantas Airways Limited

3. To complete the assignment it is necessary that each group accesses and reads the annual report of the assigned company as per FY 2015-16 and FY 2014-15.
4. Organize group meetings (at least two) and for each meeting record appropriate meeting logs in form of Minutes(using Appendix 1).
5. Prepare a video report of no more than 10 minutesresponding to the assignment questions and discuss the results of your research on the assigned company.
6. Prepare a list of references of the books, prescribed textbook, journal articles, newspaper articles etc. that you may have used to prepare your video report.
7. Submit through blackboarda file that contains:
   1. the link to the  VIDEO REPORT of 10 minutes on YouTube
   2. the MEETING LOGS (with minutes for at least two meetings)
   3. aREFERENCE LIST (of textbooks, annual reports, journal articles, newspaper articles, other books that the group used to build the content of the video report). (Please see information on referencing in point 4 below).
8. The report, together with the meeting logs and reference list, will be assessed according to the rubric attached at the end of this document.

 
The video report (including the minutes and the reference list) is worth 20% of your total assessment.
 
1.REQUIREMENTS:
 
·         Each group is required to organise group meetings to prepare the video report.
·         Group meetings do not have to be face-to-face, but may utilise various formats such as Facebook, Skype or any other available networking technology.
·         For each meeting, Minutes must be recorded during the meeting (using Appendix 1). Word files containing templates of these documents are also provided on blackboard in the Assessment Tasks folder.
·         The Minutes for each group meeting needs to be included at the end of the group report file and submitted as a single file on Turnitin and Blackboard.
 
Important: This is a group assignment, hence all the group members are expected to contribute to the meetings and the video report (i.e. every member of the group is required to present a part of the video). While the norm is that all group members will receive the same mark, marks may be adjusted if it is noted that a group memberhas contributed at a standard that is higher or lower than the rest of their group members. The decision will be made based on the content of the minutes.
 
For tips on video reports, please refer to the RMIT Learning Lab: https://emedia.rmit.edu.au/learninglab/content/reports-0
 
 
THE VIDEO REPORT:
The video should contain recoding of presentationof the group in front of the camera of your laptop, mobile phone or tablet. The duration of the presentation must not exceed 10 minutes. All the members of the group are required to talk during the video.
You can prepare notes beforehand to use while shooting the video.
When shooting the video report, you can have different shooting options (and you can be creative in the way you present your report on camera).
The members of the group (taking turns) may want to speak directly to the camera reading from your notes; or they may speak straight to the camera; or the group can set up an interview situation (since you have questions to answer in the assignment).
 
HOW TO SUBMIT YOUR VIDEO:
Once you have your final version of the recorded video, one member of the group should upload the video as UNLISTED on YouTube. An Unlisted video on YouTube means your video will not come up in search results or on your channel either.  Only those who know the link  can view it, and you can share the link with anyone, even those who do not have a YouTube account/username.
ATTENTION: your RMIT email credentials should be used to enter and create an account on YouTube; this will give you access to your YouTube channel where you can upload the group’s video. Remember to upload the video as UNLISTED.
Once YouTube has processed the video, you will be given the link to share this video with others.
Finally, copy the YouTube link on a Word file, which you need to submit with the Minute logs and the References.
 
OTHER TIPS and SUGGESTIONS on how to make a video report will be provided on Blackboard.

2.      SUBMISSION (online only):
 
Only one person from the group is permitted to upload the assignment (Youtube link file; Minute logs; reference list). The group must decide who will take on this responsibility.
In the Assessment tasks folder on Blackboard, on Group assessment task – video report you will find instructions forsubmission and the Blackboard Link forsubmission as well. The assignment will not be marked if the group’s representative has not uploaded it on Blackboard.
 
3.      PENALTIES for late submission:
 
If you wish to apply for an extension of time you must apply in writing to the Course Coordinator before the stated submission date. Extensions to submission deadlines beyond 7 days are allowed only as a result of a successful application for Special Consideration.
 
Unless an extension has been granted, penalties to the assessment will be applied.
All assignments will be marked as if submitted on time, then the mark awarded will be reduced by 10% for each day (or part of a day) it is late. For example, if an assignment is worth 20 marks and is submitted one day late, the penalty is 10% of 20 marks, which is 2 marks.
Assignments overdue by 7 days or more will not be marked and will be awarded a mark of zero.
 
Assignments that exceed the time limit by more than 10% will attract a marking penalty that is 5% of the total available marks. As the time limit is 10 minutes, you can only exceed by 1 minute. If the minutes in excess are more than 1 minute, you  will incur a penalty of 5% of the total mark.
 
4.      REFERENCING, FORMAT and ADDITIONAL SUPPORT
 
All sources of information must be acknowledged using the Harvard (author-date) referencing system. A reference list must be included.
Please refer to the Library Referencing Guidelines:
http://www1.rmit.edu.au/library/referencing-guides
For tips on referencing, please refer to the RMIT Learning Lab:
https://emedia.rmit.edu.au/learninglab/content/referencing
 
You are required to provide a list of references as part of this assessment.
If youprovide any reference of IFRS or AASB accounting standards, the textbook, any other books or articles in your answers, youmustprovide appropriate reference to your source, using the Harvard Style of referencing system (http://www1.rmit.edu.au/browse;ID=8rwjnkcmfoeez).Please note that when citing an annual report viewed on company’s website, either by paraphrasing or using direct quotes, you must reference the annual report (in your reference list) according to the following format: Name of company. (Year of publication) Title of annual report (in italics), date viewed, link to the report. For example
Wesfarmers Limited 2015, Sustainability report 2015, Wesfarmers Limited, viewed 18 April 2016, <http://sustainability.wesfarmers.com.au/>.
Penalties for inadequate or incorrect referencing will apply (see rubric). You should refer to the referencing guidelines provided at
https://www.dlsweb.rmit.edu.au/bus/public/referencing/index.html.
 
 

 
ASSIGNMENT TASKS
 
Obtain the annual reports for FY 2015-16 and FY 2014-15of the company that was assigned to your group by your tutor.
 
In your video report you need to take into consideration and discuss the following 4 points:
 
1)      Explain the primary activities of your companyand discussits financial and social performance in FY 2015-16 in comparison to the previous FY 2014-15.
 
2)      Focus your attention on the Statement of Profit and Loss and Other Comprehensive Income. Compare the Profit or Loss of the Year with the Total Comprehensive Income in FY 2015-16 and the Profit or Loss of the Year with the Total Comprehensive Income FY 2014-15. Discuss the nature of the difference (if any) between the two figures in the two financial years and identify whether the difference is related to extraordinary or non-recurring events.
 
3)      Focus on the leases agreementsthe company has entered, as a lessee. As the new lease accounting standard (AASB16) will be enforced from 2019, the company is probably still applying the previous accounting standard (AASB117). Discuss how the new accounting standard will impact the assets, liabilities and profit of your company.
 
4)      Focus on intangible assets and goodwill in particular. After carefully examining how the company carries impairment testing, explain what are the cash generating units and identify the criterion for their choice in your company.
 
5)      Consider the items included in property, plant and equipment. Illustrate whether these items are measured according to cost or fair value in the report. Explain, supporting your answer, which model between cost or revaluation is to be preferred to provide a “true and fair” representation of the company’s assets.
 
 
 
 
 
 
 
 

 
Appendix 1
 
 
 
MINUTES
 
 
 
Meeting
 
Date
 
Time
 
Location
 
Attendees
 
Apologies
 
Previous meeting date
 
 
 

Item	Discussion/Outcomes	Action & Person responsible
Business from previous minutes	1.1 Item Description Discussion Points
	1.2 Item Description Discussion Points
New business	2.1 Item Description Discussion Points
	2.2 Item Description Discussion Points
Other business	3.1 Item Description Discussion Points
	3.2 Item Description Discussion Points
Date, time & location of next meeting	DATE, TIME, LOCATION