Assessment 1 Assessment Type: Written Report – individual assessment Purpose: This assessment is designed to reinforce the subject content and develop students’ skills and application of knowledge...

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Assessment 1





Assessment Type: Written Report – individual assessment



Purpose: This assessment is designed to reinforce the subject content and develop students’ skills and application of knowledge of the subject content to business situations. This assessment relates to learning outcomes a, b and c.



Value: 20% Due Date: Students are to upload their submission to the Turnitin link on the KOI Moodle subject home page by 5:00pm Friday of Week 6.



Topic: This assignment covers contemporary theoretical concepts with practical accounting task application based on the topics from the subject.



Task Details: Students are required to select an ASX corporation (Australian Securities Exchange List
https://www.asx.com.au/asx/research/listedCompanies.do


), reference the annual report for the last 2 years and identify ways that the corporation has used earnings management techniques. Students are required to indicate what might be the possible motivation for earnings management in their chosen corporation. Students will review general purpose financial report material, company releases, media, and other sources. Students must prepare a comprehensive report directed to this research. It is expected that academic and non-academic content will form an integral part of this report.



Presentation: Report – 1,500 words report. The word count excludes the cover sheet, contents page, references, appendices, and illustrations (e.g. diagrams, graphs and tables). Students need to stay within the assigned word limits, and indicate the word count on the cover page of the assignment.



The report should be typed double spaced, using Times New Roman font size of either 10 point or 12 point. Every page should be clearly numbered.





The assignment should include the following parts:


o A title / cover page, which indicates basic information such as Subject title, Subject code, Trimester number, Assignment title, group members’ full names and KOI student numbers, word count and name of the tutor;


o Executive Summary;


o Table of Contents;


o Main contents – Introduction, analysis using suitable headings and subheadings, Conclusions and Recommendations, Appendices (if any); References (using Harvard – Anglia style); and/or o Attachments.



Marking Guide:


Research – extent and application 30%



Analysis 30%


Recommendations/conclusions 30%



Presentation 10%










Rubric for ACC303 Contemporary Issues in Accounting (Assessment 1 individual report)































































Criteria




Fail



(0 – 49%)




Pass (50 – 64%)




Credit (65 – 74%)




Distinction (75 – 84%)




High Distinction (85 – 100%)




Research – extent and application






Value 30% Mark awarded



Inaccurate, inappropriate or no use of literature. Analysis not developed.


No original explanations provided.



Minimum number of sources, not all current or relevant.


Paraphrasing used throughout but not always accompanied by original explanations.


Theory relevant but not always


linked to analysis.



Good selection of theory from a range of sources to build and adequately justifies analysis.


Paraphrasing used throughout but accompanied by original explanations



Insightful and appropriate selection of theory from a good range of current and relevant sources to systematically build and justify analysis.


Minimum paraphrasing



Integration and originality in the selection and handling of relevant theory to build and justify analysis. Wide range of current and relevant sources integrated in systematic way.




Analysis of the organisation






Value 30% Mark awarded



Poor evaluation.


Significant gaps in knowledge of the theory and lack of understanding of company’s capabilities.


No analysis provided. Disjointed or no discussion.



Simple discussion of areas of strength and weakness in the organisation’s capabilities.


Work reflects limited engagement with organisational context or relevant theory.


Not all aspects of task completed In sufficient detail.


Most aspects of the task completed but assessment lacks


cohesion.



Identifies and discusses areas of strength and weakness in the organisation’s capabilities.


Discussion of some relevant issues in theory and organisational content in evaluation.


All aspects of the task completed – some cohesion.



Identifies and clearly explains areas of strength and weakness in the organisation’s capabilities.


Links to organisational context and relevant theory in evaluation.


All aspects of the task completed with minimal errors in cohesion



Identifies and insightfully discusses areas of strength and weakness in the organisation’s capabilities.


Strong links to organisational context and relevant theory in evaluation.


All aspects of the task completed in a comprehensive and cohesive manner




Recommendations / conclusions






Value 30% Mark awarded



Few or no recommendations made / no justification.


Any recommendations made are not supported or are inaccurate.



Some recommendations made / not well linked to the results of the evaluation or relevant theory.



Good recommendations made, linked to the evaluation results / may not be linked back systematically to relevant theory



Very good recommendations made, linked to the evaluation. Theory used systematically to justify recommendations and discuss enhancement of the organisation’s capabilities



Excellent recommendations made, linked to the evaluation.


Theory used in insightful way to justify recommendations and discuss enhancement of the organisation’s capabilities




Presentation






Value 10% Mark awarded



Presentation is of a standard that is less than what is required.



Acceptable presentation – obvious errors demonstrating lack of attention to detail.



Good presentation overall however there are areas that need improvement



Professional presentation – minor issues in some elements.



Highly professional presentation – satisfies all presentation elements.




Total mark out of 100






Assessment mark



/20



Answered Same DayDec 06, 2021ACC303Deakin University

Answer To: Assessment 1 Assessment Type: Written Report – individual assessment Purpose: This assessment is...

Guneet answered on Dec 10 2021
145 Votes
Project Report on Earnings Management Techniques
Student Name:
Professor:
December 10, 2019
Table of Contents
    S.No.
    Table of Contents
    Page No.
    1
    Introduction
    3
    2
    Brief of the Company
    3-4
    3
    Company’s Financial Performance
    4
    4
    Earnings Management Techniques
    5-11
    5
    Conclusion
    11
    6
    References
    12
Introductio
n
Every business has its own working and a company’s earnings are the best way to understand the running and success of its business activity. It is the most powerful indicator as earnings mean profitability of a business. All the stakeholders, investors, creditors, vendors look at the profitability figures to see how attractive a particular company looks to work with. For this earnings management plays a key role. It helps in determining the share price of the company, raising capital from financial markets and, satisfying vendors and customers’ interest. The company chosen for project study and evaluation is Bellamy’s Organic. It deals in several types of baby food products with global distribution network. We will study the company’s earnings structure and analyze it with different earnings management techniques. Finally, the project concludes that corporate governance, following rigorous accounting standards, role of internal and external audit committee, all significantly contribute to proper earnings management in an organization.
Brief of the Company
Company Name: Bellamy’s Organic
Bellamy’s Organics makes certified, organic, nutritious baby food and formula based in Australia. There is a special team of experts who research and create superior quality baby food and formula milk organic and delicious. The major sourcing of ingredients is from Australia, but the raw material unavailable is sourced from other places as well.
Product Range:
· Baby Formula
· Baby Food
· Cereal
· Pouch
· Pasta
· Rusks
· Snacks
Organic Farms
· Esperance Bay Apple Orchard in Dover Tasmania
· De Bondt Organic Dairy Farm
· More Organics farm Products
Company’s Background
Bellamy Organic group was founded by Tasmanian women in the year 2004. From the beginning the company had following objective: Certified Organic, No Artificial Preservatives, No Artificial Colors, Made in Australia, No Artificial Flavors.
Mission Statement
The founder rightly said the mission of the company is, “A pure start to life”. They aim to make nutritious, healthy, organic food.
Company’s Financial Performance:
Bellamy’s Organics has continued to post impressive revenue figures in last two years 2017 and 2018. The company’s data as per above figure showed a 37% increase in yearly sales, a 65% increase in EBITDA on a normalized basis and a 67 % increased in NPAT from 2017 to 2018. The main contribution for revenue growth was high volume sales. It was driven by Camperdown manufacturing business which gave revenue of $8.7m contribution.
Techniques of Earnings Management:
1. Cookie Jar Reserve Technique: In this technique earnings are managed by estimating future events. In other words it means management estimates and enters obligations that will take place in future resulting from performance in current fiscal year.
· The company prepares for changes and transitions for which a $6m one-off inventory provision has been set aside which has impacted the FY18 statutory profit.
· The company targets to get approval for application of SAMR registration (previously CFDA) to sell their products in China. This approval was related to...
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