HI5001 Accounting for Business Decisions (T2, 2016)
Group Assignment (30% of Final Mark)
The assignment will require the group to undertake research using the website of the Australian Stock Exchange (ASX) and/or the Company whose industry is Food, Beverage & Tobacco that you have chosen.
The assignment aims to develop an understanding of financial statements structure and their use in decision-making. The task is to choose a publicly listed company from the Australian Stock Exchange (ASX) which should be approved by your Lecturer as not to have the same company from other groups. Furthermore, an analysis on the profitability based on the latest financial report is very important.
This group assignment is in itself includes several areas of the course, each of which comprises a part of the groups’ task. However, it is well encouraged to include any additional information that the group may think will be useful in conducting financial statements analysis of the selected company.
General Rules & Requirements:
The report should be prepared by a group with a maximum of four (4) members. Reports must be confined to 3,000 words (+/- 5%). The report should include as a minimum a title page, abstract or executive summary, table of contents page, introduction, main body, conclusion, recommendations, references and appendices. Font type should be Arial (size 11), paragraph spacing should be 1.5. Five (5) points will be awarded for reports that followed the instructions to the letter. The total points is 100.
Note: Any additional material from external sources that you “copy and paste” into your report is NOT included in the word limit. Also, ensure it is appropriately referenced.
Part 1 Executive Summary & Introduction (15 points)
Provide an executive summary which states the problem, how it was investigated, what was found, and what the findings mean. The introduction may include the company’s background relating to business structure, operations, services and all other business activities that are conducted, etc.
Part 2 Main Body (10 points)
A. Statement of Financial Position
Use the annual report for the year ending 30 June 2015. Your group will need to review the major sections of this report in order to familiarize yourselves with the content of each of the financial statements and appropriate notes to the financial statements.
Review the balance sheet of the company and indicate the amount of the following:
a) Total current assets
b) Total non-current assets
c) Total current liabilities
d) Total non-current liabilities
e) Total stockholder’s equity
Compare the above figures with the previous year and compute the percentage increase or decrease and comment on the comparative financial condition of the company.
B. Stockholders’ Equity (10 points)
Review the stockholders’ equity section in your chosen company’s most recent year-end balance sheet and compare that with the previous year-end balance sheet. Compare percentage increase or decrease.
List the stockholders’ equity account balances and number of outstanding shares from these two balance sheets and compute the increase or decrease for each during this past year.
C. Statement of Profit & Loss (10 points)
Review the income statement and indicate the following:
a) Total (operating) revenues
b) Cost of Goods Sold (if relevant)
c) Total expenses (before income taxes)
d) Any non-operating (or extraordinary) gains and losses
e) Earnings per common share
Compare the above figures with the previous year and compute the percentage increase or decrease and comment on the comparative financial operation of the company.
D. Statement of Cash Flow (10 points)
Review the statement of cash flows for the most recent year and indicate the following:
a) net cash inflow (outflow) from operating activities
b) net cash inflow (outflow) from financing activities
c) net cash inflow (outflow) from investing activities
d) net increase (decrease) in cash during the year
Analyse the Cash Flow Statements for the last 2 years and comment on the cash position of the company.
Part 3 Conclusion
Discuss the importance & interpretation of the findings.
Part 4 Recommendations
What is the course of action based on your conclusion?
Part 5 References
List all sources used. Harvard style of referencing should be used.
Part 6 Appendices
Graphs, charts, tables or other data not mentioned in the body. (5 points)
CHECKLIST for SUBMISSION
Item Yes No Questions
1 Have the group members familiarised themselves with the Safeassign Software? If not, read the Safeassign Student Guide in the Blackboard.
2 Have the group submitted in the Safeassign Self-check?
3 After getting the Self-check report, is the matching percentage equal or below 20%? If yes, submit the softcopy to the Safeassign Final
Submission. If not, revise and submit to the Safeassign Final Submission. If the final submission still exceeded the 20% rule, email your Lecturer and request that your submission be deleted in order to resubmit a second version.
4 Did the group attach the first page of the Final Submission report?
5 Did the group Fill-up the Assignment Cover Sheet and attach it to the report?
6 Did the group follow the correct sequence of attachments needed? First page should be the Assignment Cover Sheet followed by the first page of the Safeassign Final Submission Report and finally the report itself.
7 Did the group submit the hardcopy in the box located in the Library (Level 1)?
Due Date: Friday 23rd September 2016 on or before 5:00 p.m. Do not forget to upload the softcopy onto the Safeassign. One submission only per group
The impact of market and public information on the fluctuation of the market share index
The importance of auditing for large companies
Analyze the tax system of your country. Suggest changes that you think should be made
Investing in financial markets: the factors to consider
Risk taking in companies from an accounting perspective
Suggest ways to manage a company’s current debt
What are the benefits of a sound investment: a study of the impact on business growth
The benefits of the accounting information system and its multiple uses in different sectors: a study
What impact does the tax system in your country have on people in lower income groups?
A study on the benefits of corporate accounting with the advent of modern technology
A detailed study of the different accounting dissertation writing service practices that all companies must perform
Financial markets and their relationships to stocks, commodities and money in an economy of their choice
The responsibilities of an accountant in managing the debts of a company
Accounting ethics and organizational culture: investigation of issues and similarities
How can the liquidity level be monitored using financial accounting tools?
An in-depth study of asset and liability management in the banking sector of your choice
A detailed study of the determinants of capital structure in an SME framework
Main driver of the valuation of mergers and acquisitions
Effective capital budgeting techniques as perceived by recovery, IRR and ROI
A study on the size of the under-capitalized capital budget in the developing world
Compare and contrast the roles of management accounting and financial accounting in the sector of your choice
Which dichotomies arise from the just-in-time method and the calculation of the costs by activity?
A detailed analysis of the relationship between the characteristics of the CEO and the performance of the shares
Accounting ethics issues in industries related to the nuclear and radioactive industries
A detailed analysis of the concept of text analysis when reading financial reports around the world
Compare the differences between traditional testing and risk-based testing
Emerging economies and accounting firms: study of advisory structures and audit services
A study of the challenges faced by external audits based on fair value valuations
Compare and compare the external and internal reviewers
Is taxation a human rights policy? Prepare your research to support your opinions
How does the finance policy implemented in developing countries affect SMEs?
The Reason and Ethics of Tax Exemption for Nonprofits
A study on changes in the taxation of health insurance, as observed in the US
Is Electronic Accounting Advancing Towards Accountants? To discuss.
What are the many aspects of the double-entry accounting model?
Compare and contrast the simple and the dual accounting system
A systematic study of factors to consider in financial information as observed in an electronic accounting environment
Which different decision support tools are available through electronic accounting systems?
A detailed study on the scope and limits of accounting for the e-commerce sector
An Empirical Study on the Challenges of Electronic Bookkeeping Systems in the Delivery of Internet Services
What different roles do cloud computing and data management have for accounting information systems?
The development of accounting information systems and the consequent limitations in the developing world
What is the exact structure of the ideal framework for accounting information systems in multinational cooperatives?
The role of accounting information systems in the decision-making process for medium and large commercial enterprises
A detailed study of three major accounting frauds in the last decade and the need to always use ethical judgment in accounting
The relevance of applying ethical judgment to quantitative accounting techniques
Intellectual capital and financial statements of the company: Relationship analysis of two large companies of your choice