MPA702 Financial Interpretation ASSIGNMENT 2 – TRIMESTER 2, 2017
DUE DATE AND TIME: Wednesday 13th September 2017 before 11.59 pm PERCENTAGE OF FINAL GRADE: 30%
Learning Outcome Details
Unit Learning Outcome (ULO) Graduate Learning Outcome (GLO)
ULO 1: Assess the financial standing of an entity by examining relevant financial information and identify how disclosure techniques can support business decisions. DGLO1 Discipline specific knowledge and capabilities
ULO 2: Evaluate scenarios involving ethical decisions in financial accounting. DGLO1 Discipline specific knowledge and capabilities
ULO3 Collaborate with peers to present and defend financial information and decisions. DGLO7 Teamwork
Students who submit their work by the due date will receive their marks and feedback on CloudDeakin within 15 days of submission.
1. Please monitor CloudDeakin for any additional instructions/announcements.
Deakin's Bachelor of Commerce and MBA are internationall y EPAS accredited . Deakin Business School is accredited b y AAC SB .
1. This assignment is to be submitted ONLINE ONLY (You are NOT required to submit a hard copy).
2. Please follow all instructions contained in this document.
3. The completed assignment must be submitted into the allocated area on CloudDeakin under the Dropbox folder.
4. This is a group submission. Only one assignment per group is to be submitted and an individual reflection submission is required.
5. You are not required to upload an Assignment Cover Sheet. You will complete a Plagiarism declaration when you access the Dropbox.
6. Once submitted you cannot take your assignment back BUT you CAN SUBMIT another version. The most recent version submitted will be marked.
7. Please refer to the rubric for guidance on the marking structure.
A note on plagiarism and collusion
Plagiarism and collusion are forms of cheating and is considered a serious academic misconduct, and severe penalties are associated with them. Please refer to the MPA702 unit guide for your responsibilities w i t h regard to plagiarism a n d other academic offences.
You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy.
Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism.
When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment dropbox folder after upload, and check for, and keep, the email receipt for the submission.
• Penalties for late submission: The following marking penalties will apply if you submit an assessment task after the due date without an approved extension: 5% will be deducted from available marks for each day up to five days, and work that is submitted more than five days after the due date will not be marked. You will receive 0% for the task. 'Day' means working day for paper submissions and calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date.
• For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site.
• Building evidence of your experiences, skills and knowledge (Portfolio) - Building a portfolio that evidences your skills, knowledge and experience will provide you with a valuable tool to help you prepare for interviews and to showcase to potential employers. There are a number of tools that you can use to build a portfolio. You are provided with cloud space through OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use any storage repository system that you like. Remember that a Portfolio is YOUR tool. You should be able to store your assessment work, reflections, achievements and artefacts in YOUR Portfolio. Once you have completed this assessment piece, add it to your personal Portfolio to use and showcase your learning later, when applying for jobs, or further studies. Curate your work by adding meaningful tags to your artefacts that describe what the artefact represents.
Discussion area for this assignment
There is a discussion area for each group on CloudDeakin as well as a general discussion forum entitled ‘Assignment 2 Discussion’. This area is for you to discuss the assignment. It is an area to help each other – it is NOT an area for the answer to be provided to each other.
This assignment is a team task which involves self-learning, some ‘real world’ research and team-work skills.
Step 1 -Team formation
All groups must consist of five (5) members.
Students will be allocated into groups by the Unit Chair. Where possible Cloud students will be allocated with other Cloud students, and on campus with on campus. Students will be advised when the groups have been allocated and will need to check on the Cloud Deakin site for who they are working with and make contact accordingly.
A student is not able to withdraw from the team he or she has been allocated to in Cloud Deakin unless the student decides to withdraw from the unit. In that case the withdrawing student must inform the unit chair so the team impacted by the withdrawal can be informed.
Each team will be assigned a company listed on the Australian Securities Exchange (ASX) for the group assignment. Each team will have its own ‘private’ discussion forum set up in CloudDeakin to facilitate team discussions. It is compulsory to use CloudDeakin ‘private’ discussion forum which enables the Unit Chair to assess each team member’s participation and contribution in case there are any disputes between students in a team. The Unit Chair can also participate in the online discussion by providing necessary guidance if off-track discussions/activities are observed. If a team chooses to use communication applications such as Whatsapp and Skype etc. in order to facilitate online meetings or conversations, the team must be prepared to provide screen shots of the communication in the event of member disputes.
Step 2 – Self-Learning
Read chapter 10 of the prescribed textbook and:
1. Be able to calculate financial ratios;
2. Understand the meaning of each financial ratio; and
3. Understand and be able to use financial ratios to assess a company’s financial performance, financial position and market performance.
Step 3 – Financial analysis
You are required to calculate and analyse all relevant ratios for a five year period. Each group member must calculate one years of ratios (ensuring same formulas are used) and evidence of this participation must be included in your group discussion area.
Analyse the changes in the following ratios of the company based on your five year calculations: 1) profitability
2) operating efficiency
3) liquidity and solvency and
4) market performance
Other information relevant to your analysis:
To enable a comprehensive analysis of your company there will be additional relevant information including, but not limited to, performance of, and existence of competitors and regulatory and/or environmental factors influencing your company/industry. When undertaking your company research, you must utilise current financial press (such as The Age, Financial Review, The Australian, or appropriate relevant on-line business sites*). A minimum of five articles relevant to your company (or industry sector) over the period of analysis must be incorporated into your report discussion. You are encourages to use more than five to support your discussion where required.
* Appropriate business sites do not include sources such as Wikipedia, Investopedia, MyAccountingCourse or similar. These sites are not regarded as appropriate academic sources.
Step 4 Writing up group report and submitting the group assignment Your report must adhere to the structure set out below:
Section 1 Title page:
? The title page should be the first page of your report. It must include the following information:
? Title: ‘Analysis and interpretation of the performance of (name of company)’
Unit code and unit name: MPA702 – Financial Interpretation
? Name of the Unit Chair: Ms Rhonda Ryan
? A table with the syndicate team number, the full names and Deakin student ID of team members and each member’s contribution to the overall assignment (must be in percentage format)
? Due date: Wednesday 13th September 2017, 11.59pm (AEST). If granted a time extension, then insert the revised date approved by the Unit Chair (show approved date)
? The following statement: “We certify that the attached work is entirely our own, except where material quoted or paraphrased is acknowledged in the text. We also declare that it has not been submitted for assessment in any other unit or course.” ? Reports that do not contain this statement will not be assessed.
Section 2 Introduction (maximum 250 words):
Contains a concise discussion of:
? The background of the company; ? The purpose of the group assignment.
Section 3 Trend and cross-sectional financial analysis (maximum 2,000 words): You must use the financial ratios to analyse a company’s five years’ (2012-2016) profitability, operating efficiency, liquidity, solvency and market performance. You need to analyse whether the changes of a company’s financial position and performance are caused by any external factors such as regulatory changes, increased market competition, changes of consumer preferences, foreign exchange fluctuation or some other relevant events, especially when there are significant changes in performance (hint: you may find this information from director’s report or media reports). Also, remember to take all ratios, where appropriate, to two decimal places (ie ROE 10.75% not 10%)
If you are able to find industry averages, compare a company’s financial ratios with the industry average. However, this is not often available data. In addition, you more want to enhance the relevance of your report by including the most recent reports released by your company, such as the mid or end of year 2017 reports.
This is to be presented as a business report so therefore use appropriate sub-headings throughout your report.
Section 4 Conclusion (maximum 500 words):
Provide a summary of the issues raised with concluding remarks and recommendations regarding your investment decision.
Section 5 References:
Any material used in this assignment must be acknowledged and appropriately referenced. Plagiarism by any student is a serious matter and, if it occurs, it will be dealt with on a case- by-case basis with penalties imposed. Please refer to the Unit Guide for more information on ‘referencing’. The reference list (using Harvard Referencing System which you can find from CloudDeakin Internal Assessment folder) is not included in the total word count and this gives flexibility as to the extent of the research that is necessary to form opinions.
Please make sure that you adhere to the total word limit (2,750 words). A 10% tolerance will be applied. A penalty of 20% will be applied to assessments of excessive length.
Each page of the report should be numbered, and every page must have a header that identifies full name and I.D. of every contributing student, and the unit code MPA702.
You can use figures (or tables) to exhibit the trend change of a company’s financial ratios. If figures are used, they need to be fully discussed and analysed. Figures should be numbered sequentially, given appropriate captions and placed in the main body of your report at suitable points. Please attach your ratio calculations to your submission as the Appendix.
Step 5 Write up a Self-reflection and submit it to the Dropbox created for it
Self-reflection is to be completed individually by each member of the team (max.300 words for each member). Guidelines on reflective writing will be provided on the Cloud site.
Each MEMBER of a team must write a self-reflection, addressing the following:
? What you have contributed to the group assignment;
? What you have learned from your peers by working as a group;
? Advantages and disadvantages associated with working as part of a group;
? ? How you would work differently when you need to work in a team in future.
Step 6 Submission
The written report must be submitted electronically by the due date as a Microsoft Word document by uploading it to the Dropbox in CloudDeakin. Each group must nominate one member to upload the report. When uploading your report, give the document a name using the following syntax: Group number_MPA702.doc (or ‘.docx’), for example, ‘Group 1_MPA702.doc’. Submitting a hard copy of this report is not required.
Please review the section on ‘Plagiarism’ in the Unit Guide. You need to check that your report does not contain plagiarism. This is done automatically when submitting your report to the ‘Dropbox’, using Turnitin, which checks your report for plagiarism and generates an originality report that you can use to be confident that your report does not contain plagiarism. Turnitin will tell us (but tell you first) the extent to which your work has copied material from others without appropriate recognition through referencing. If this is excessive you will lose marks or you may not receive any marks, or you may have some form of disciplinary action taken if the issue is severe. Take appropriate action to amend your report to avoid this from happening. Note that uploading your report to Turnitin via the prescribed link in CloudDeakin for this unit constitutes submission to this unit AND also constitutes a declaration regarding the contents of the report being all your own work, except where appropriate references to the work of others has been acknowledged. You can upload your report to Dropbox as many times as you like up to the due date. In order to avoid a late submission penalty, you must upload your report to Dropbox by the due date. Reports that are submitted after the due date can still be uploaded to the Dropbox. However, a penalty will be imposed where reports are submitted past the due date.
Group/s that require a time extension in relation to this report should discuss this with the Unit Chair, supported by documentation (e.g. medical certificate). Students are also reminded that extensions will only be given for exceptional and unusual circumstances outside the students’ control and should be arranged with the Unit Chair prior to submission date.
Team work spirit - Important
Each group member is expected to contribute equally and the assessment panel reserves the right to have a peer performance review as part of grading of this task, should any group request it, based on group interpretation of individual performance. Each group must submit an integrated report rather than an assignment with disjointed pieces written by different group members. The group as a whole must ensure all the fonts, tables, space between paragraphs and reference list are presented in a consistent manner and the discussion in the report is presented in a logical flow.
The marking rubrics for the group written report and individual self-reflection will be uploaded to CloudDeakin. Please read them and understand how your assignment will be marked. Should you need further clarification on internal assessments, feel free to post your queries online.