Recent Question/Assignment

Assessment 3 Information
Subject Code: BUS103
Subject Name: Accounting for Managers
Assessment Title: Company’s Annual Report
Assessment Type: Individual Written Report
Weighting: 20 %
Total Marks: 20
Submission: Individual Submitted via Turnitin in MyKBS
Written Report
Due Date: Monday of Week 11 at 3:55 pm AEST (Written Report)
Your Task
Your instructor will assign you one of three Australian retail companies that are listed on the Australian Securities Exchange (ASX) as follows: Myer, Harvey Norman, JB Hi Fi Limited. You are required to obtain the 2019 Annual Report for the company you have been assigned to work on. You must answer all questions in Part A and B using the 2019 Annual Report of your company.
Assessment Description
This assignment is designed to get you to locate the Annual Report for a company and become familiar with its contents, particularly the financial statements and the notes to the financial statements (LO 2 and 3). While we have looked at very basic formats of the financial statements, the financial statements for a company contain much more detailed information much of which you have not been introduced to yet. Pay attention in the Annual Report to the information provided in the notes to the financial statements as you will find a lot of useful information in them that may help with some of the assignment questions.
The schedule for the assignment is given:
Week 3 Your lecturer will allocate you one of the companies mentioned above, using the random process.
Week 6 Discussion and overview of Part A of the assignment and marking rubric.
Week 7 Discussion and overview of Part B of the assignment

PART A – THE COMPANY REPORT (Refer rubric below for marking guidance)

Question 1
Describe the principal activities of the company? (1 mark)
Question 2
Define the revenue recognition criteria of the company and identify the page number and note number where this is stated in the annual report? (1 mark)
Question 3
Describe how the company values all classes of property, plant and equipment? Identify the page number and note number where this is stated in the annual report? (3 marks)
Question 4
Name the Audit firm responsible for performing the audit of the financial statements of the company. Explain why the auditor must declare their independence, and also explain why the financial statements must be audited by an external party. (3 marks)
Question 5
Provide any evidence of the company’s initiative or commitment to business sustainability practices. Why are businesses concerned about sustainability? (2 marks)
PART B - ANALYSIS OF COMPANY’S FINANCIAL INFORMATION
Question 1
Using the company financial information, analyse and compare their 2018 and 2019 financial data by answering the following questions (you should analyse 2 ratios for each question):
A. Calculate the efficiency of the company by identifying and calculating two efficiency ratios. You need to calculate the two ratios for 2018 and 2019 (2 mark).
B. You must also explain what the efficiency ratio results tell us about the company performance occurring between the 2 periods (1 mark). Has the company’s efficiency improved or deteriorated? (1 mark)
C. Analyse the profitability of the company by identifying and calculating two profitability ratios. You need to calculate the two ratios for 2018 and 2019 (1 mark).
D. You must also explain what the profitability ratio results tell us about the company performance occurring between the 2 periods. (1 mark) Has the company’s profitability improved or deteriorated? (1 mark)
E. Analyse the company debt position by identifying and calculating two ratios. You need to calculate the two ratios for 2018 and 2019 (1 mark).
F. You must also explain what the debt ratio results tell us about the company performance occurring between the 2 periods. (1 mark). Has the company’s debt position improved or deteriorated? (1 mark)

Part A Assignment Rubric: 10% The Company report
Components High Distinction
85 – 100% (Marks 8.5 to 10.0) Distinction
75 - 84% (Marks 7.5 to 8.49) Credit
65 – 74%
(Marks 6.5 to
7.49) Pass
50 – 64%
(Marks 5 to 6.4) Fail
0 – 49%
(Marks 0 to 4.9) Mark
Awarded
(Out of 10)
Written
Report
Technical
content
10% The report clearly identifies and addresses all the technical issues raised & provides clear, correct & decisive answers displaying an outstanding understanding of each of the questions. The report clearly identifies and addresses most of the technical issues raised by your investigation and provides clear, correct and decisive advice displaying a good understanding of most of the questions The report clearly identifies and addresses some of the technical issues raised by your investigation and provides reasonably clear, correct and decisive answers. The report identifies and addresses some of the issues raised by your investigation and provides fairly clear, but not always correct and/or decisive advice. The report does not identify or address the questions.
It displays a lack of understanding of some or most of the issues raised.
Referencing Referencing Referencing Referencing Referencing Referencing
is correct is correct is almost has some is not correct
throughout throughout all correct inaccuracies in many cases.
Important Study Information
Page 3 Kaplan Business School Assessment Outline

Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties? How can I appeal my grade?
Click here for answers to these questions:
http://www.kbs.edu.au/current-students/student-policies/.
Word Limits for Written Assessments
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information.

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