Background:
In September 2017, the Commonwealth Bank of Australia (CBA) announced that it would abolish the fee charged to non-customers who withdraw cash from its Automated Teller Machines (ATM) (i.e. foreign ATM fees). The decision to remove foreign ATM fees was quickly adopted by Westpac, ANZ and NAB.
Required:
Assume you are a business consultant recently hired by the Board of Directors of CBA. The Board has asked you to prepare a business report which evaluates the impacts of removing foreign ATM fees on its business firstly, using arguments developed from an agency theory approach and secondly, using arguments from a legitimacy theory approach. The board has also asked you to use institutional theory to explain why the other major banks removed foreign ATM fees. Based on your arguments and explanations, conclude and reflect whether CBA made the correct decision in removing the foreign ATM fees.
Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB. MAA310 Accounting and society Trimester 3 2017 Assessment task 1 Report DUE DATE AND TIME: Friday 8 December 2017, 8:00pm AEDT PERCENTAGE OF FINAL GRADE: 20% HURDLE DETAILS: Students must submit and achieve 40% of available marks on all assessment tasks, and achieve total marks over 50% to successfully complete this unit. Learning Outcome Details Unit Learning Outcome (ULO) Graduate Learning Outcome (GLO) ULO 2: Evaluate contemporary accounting and business issues incorporating global perspectives. 1, 2, 4 and 8 ULO 4: Justify, analyse and communicate financial and non- financial information to assist managers’ ethical and responsible decision making and reporting. 1, 2 and 4 Assessment Feedback: Students who submit their work by the due date will receive their marks and feedback on CloudDeakin within 15 working days. Word limit: 2,000 words maximum (excluding table of content, references and the executive summary). In-text citations, the introduction, body and conclusion of the report are included in the word count. Students who exceed 2,000 words will be penalised 1 mark (of the available 20 marks for this task) per 100 words over the word limit. https://www.efmd.org/index.php/accreditation-main/epas http://www.aacsb.edu/ Page 2 of 3 Description / Requirements Background: In September 2017, the Commonwealth Bank of Australia (CBA) announced that it would abolish the fee charged to non-customers who withdraw cash from its Automated Teller Machines (ATM) (i.e. foreign ATM fees). The decision to remove foreign ATM fees was quickly adopted by Westpac, ANZ and NAB. Required: Assume you are a business consultant recently hired by the Board of Directors of CBA. The Board has asked you to prepare a business report which evaluates the impacts of removing foreign ATM fees on its business firstly, using arguments developed from an agency theory approach and secondly, using arguments from a legitimacy theory approach. The board has also asked you to use institutional theory to explain why the other major banks removed foreign ATM fees. Based on your arguments and explanations, conclude and reflect whether CBA made the correct decision in removing the foreign ATM fees. Submission Instructions Submit your work online to the assignment Dropbox on CloudDeakin. • You should include sub-headings in your report • An executive summary is required, in addition to the introduction. • You are required to use a minimum of five academic journal articles to support your discussion. • Students must submit a properly referenced assignment that complies with the Harvard referencing style. • You must keep a backup copy of the 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. Page 3 of 3 Notes • Penalties for late submission: The following marking penalties will apply if you submit an assessment task after the due date and time without an approved extension: 5% will be deducted from available marks, 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 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. • Please consider carefully the impact of late submission on achievement of the hurdle requirement on this assignment. • 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. Learning Outcome Details Assessment Feedback: Description / Requirements Notes