BUACC5932 Corporate Accounting Assignment This assignment is part of the continuous assessment and feedback. It is a assignment with a maximum of three students. Please note again that as this is a...

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report on the company



BUACC5932 Corporate Accounting Assignment This assignment is part of the continuous assessment and feedback. It is a assignment with a maximum of three students. Please note again that as this is a group assignment and all students in the group are expected to work together and to contribute equitably. 30 % marks have been allocated to the group based case study report prepared on the basis of analysis of the annual report of the company allocated to the group and each student in a particular group will score same mark. Due date of submission of assignment Due date of submission of group assignment for all students is Friday week 9. Late assignments Extensions for assignments need to be made through Federation University’s special consideration procedures. Assignments submitted after the due date without special consideration granted, will be automatically penalised at a rate of 10% per day late. Assignments will not be accepted if more than five days late, unless prior approval has been given. Objectives The educational objective of this task is to develop student capabilities to read, interpret and analyse financial statements; to apply international accounting standards; to prepare a report on corporate financial performance; and to make judgments on applying appropriate accounting standards to different business situations. Your report should demonstrate ability to access online corporate information and analysis of accounting information. This assignment will involve the use of corporate annual reports, analysis of the relevant information provided within the reports, compare and contrast the information with the requirement of relevant accounting standards and finally reporting your observations and conclusion. Tasks involved 1. Choose the latest annual report for any one of the following companies Your group shall be allocated latest annual report (2018) of one of the following companies listed on the Australian Stock Exchange. Your group is required to answer following assignment questions for the company selected in a report format and also compare the findings of your company ( wherever necessary) with another competing company from the same industry selected by your assignment group ( Preferably from ASX 200 companies available at http://www.asx200list.com/ ) 1. AGL Energy Limited (Utilities) 2. Newcrest Mining Limited (Materials) 3. Qantas Airways Limited (Industrials) 4. Ramsay Health Care Limited (Healthcare) 5. RIO Tinto Limited (Materials) 6. TABCORP Holdings Limited (Consumer Discretionary) 7. Tatts Group Limited (Consumer Discretionary) 8. Telstra Corporation Limited (Telecommunication Services) · All annual reports are available on the website of these companies. · Choosing a company other than those mentioned above is not permitted. · All accounting standards are available on online database or these standards can also be accessed on AASB web site (www.aasb.gov.au). 2. Draft a report incorporating the following points in relation to your selected company (not exceeding 2,000 words). Company- Introduction, Business & operating activities, Finances and Financial performance · Describe the core business of the company. Provide full details of its different activities and or business segments. · Discuss the industry that the chosen company operates in. For example, is it a growing or declining industry; which are the main competitors of the company and what are they doing, etc. Ensure you discuss the implications of these factors. · How the company is funded vis-à-vis internal or external sources? Critically analyse the financial structure of the company? · Describe key elements of Financial Performance reported by the company in the annual report. · Has this company reported any event that occurred after the reporting date? Describe the event. · Were there any changes in accounting policies disclosed in the annual report? If yes, describe those changes. Assets – PPE and Intangibles · What is the carrying amount of each class of Property, Plant, and Equipment, at reporting date, of your company? · Describe the accounting policies relating to Property, Plant, and Equipment adopted by your company. · Identify the intangible assets reported by the company. Discuss their composition and relevance to the company’s business. · Describe the accounting policies relating to Intangible Assets adopted by your company. · Are any items of Property, Plant, and Equipment, and/or Intangible Assets of your company impaired? If so, identify which assets are impaired, and the amount of accumulated impairment losses. Research component · If your selected company publishes any corporate social responsibility report or sustainability report, then discuss some of their key initiatives regarding their social responsibility and sustainability · Conduct search for any media stories, blogs or other commentary about your selected company’s initiatives. For example do they place profit before people? Do they have any credible projects? Use your analytical skills to critically analyse these issues in relations to initiatives of selected company · Why do you think corporate social responsibility and sustainability have become so important in the modern corporate world? Use any sources (books, journal articles, Parliament debates, Royal Commissions, media, blogs, etc.) and critically argue the case. Note: It is important to refer to relevant accounting standards in your report to score high marks in this group assignment. CRICOS Provider No. 00103D Page 1 of 3 Page 2 of 3
Answered Same DayMay 08, 2021BUACC5932

Answer To: BUACC5932 Corporate Accounting Assignment This assignment is part of the continuous assessment and...

Sweta answered on May 11 2021
168 Votes
Financial Analysis of BHP Billiton
13
AGL Energy Limited-Review of Financial Reports
Assignment Coversheet
The Faculty of Business
STUDENT INFORMATION
    
STUDENT NO.
    30351779,30355095,30357362
    
SURNAME
    Empty, Ahmed, Diwan
    
PHONE NO.
    0431981456
    
GIVEN NAMES
    Sukhjit Singh, Fakhruddin Eleyas, Rukshana Banu
    E-MAIL
    [email protected]
Instructions for submission are found in the course description. Assig
nments with Cover Sheets not signed at the bottom will be returned unmarked and ma y then incur a penalty for late submission.
ASSESSMENT INFORMATION
    
COURSE NAME
    Corporate Accounting
    COURSE CODE
    BUACC5932
    ASSIGNMENT DETAILS (title)
    AGL Energy Limited-Review of Financial Reports
    LECTURER / TUTOR’S NAME
    Gautam Dahima
    Campus / Provider
    
    
DUE DATE
    19/05/2019
    SUBMITTED ON
    15/05/2019
PLAGIARISM
The Faculty and the University regards as a very serious matter the action of a student who acts dishonestly or improperly, including plagiarism or cheating, in connection with his or her academic work. Under University Regulation 6.1.1 “Plagiarism” is defined as “…the presentation of the works of another person / other persons as though they are one's own by failing to properly acknowledge that person / those persons”. Plagiarism may take many forms including:
    direct copying of sentences, paragraphs or other extracts from someone else’s published work (including on the Internet and in software) without acknowledging the source;
    paraphrasing someone else’s words without acknowledging the source;
    using facts, information, ideas, concepts or diagrams derived from a source without acknowledging them;
    producing assignments which should be the student’s own independent work, in unauthorised collaboration with and/or using the work of other people (e.g. a student or tutor, or working in pairs or groups and producing similar assignments on individual assessment tasks
    not referencing accurately (e.g. not citing correctly the work you have actually read)
OTHER UNACCEPTABLE BEHAVIOUR
    stealing and later using other students' work (e.g. taking discs, picking up other's marked assignments)
    recycling your own work / assignments or “double dipping” (e.g. re-submitting whole or significant parts of assignments across units, across years or across courses)
    Assisting plagiarism - which may involve a student lending work (or by posting it on the Internet for sale) which is intended for submission for assessment, or which has already been submitted, so that it can be copied in part or whole and handed in by another student as that student’s own work.
Students are warned against making assignments etc. available to others, as they then could be regarded as a contributor to plagiarism and may be penalised as if they themselves had committed an act of plagiarism.
Students are expected to be proficient with referencing and must always acknowledge any sources for work that is not their own. Inadequate referencing of cited materials is considered to be plagiarism. Details of referencing can be found on the following University web address: http://federation.edu.au/students/assistance-support-and-services/academic-support/learning- and-study/resources or http://federation.edu.au/students/assistance-support-and-services/academic- support/learning-and-study/preventing-plagiarism
Student’s Statement
I have read and understood the information provided on this assignment cover sheet relating to plagiarism and other unacceptable behavior and therefore declare that the attached work is entirely my own, except where work quoted is duly acknowledged in the text, and that this work has not been submitted for assessment in any other course or program.
    
Signature
    
    
Date
    
C
CRICOS Provider No. 00103D    The Faculty of Business

AGL Energy Limited-Review of Financial Reports
Abstract        
The report contains analysis of the annual report of AGL Energy Limited for the year ended 30th June 2018. It provides an overview of the business of the company, industry, sources of finance, financial performance, the structure of its Property, plant and Equipment and its Intangible Assets and the accounting policies followed by the company relating to the assets and the impairment losses written off by AGL.
AGL Energy- Introduction, Business And Operating Activities, Finances and Financial Performance
This section contains information regarding the core business of AGL Energy, industry, its competitors, the sources of finances, key financial Performance indicators reported; events which occurred after the reporting date and also whether changes in the accounting policies were reported by AGL.
*The Company’s core Business & Different business Segments
AGL energy Limited is one of Australia’s most important energy companies and offer gas, electricity, solar and renewable energy to homes and services. It has been into existence since 1837. The company both generates and retails gas and electricity and has 3.6 million customer accounts. (agl.com.au, n.d.)“The four business segments are as follows
· Wholesale markets- This segment consists of Wholesale Electricity, Wholesale Gas and Eco markets. Whole Sale electricity manages the purchase of key fuel inputs for company’s electricity requirement, management of electricity generation units and for wholesale pricing of electricity for customers. Wholesale gas sources and manages the gas supply portfolio. Eco markets manages the company’s liabilities for voluntary and mandatory renewable energy sources
· Customer markets- This segment caters to retailing of...
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