1 Accounting for Management M 5011 SP5 2018 Accounting practice and problem solving Learning Objectives addressed in this assessment: CO1: Apply basic accounting principles and concepts in order to...

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1 Accounting for Management M 5011 SP5 2018 Accounting practice and problem solving Learning Objectives addressed in this assessment: CO1: Apply basic accounting principles and concepts in order to understand what accounting information is, what it means and how it is used; CO2: Explain the significance of accounting information in the business environment; CO3: Read and interpret financial reports and apply knowledge to critically analyse corporate financial and non-financial information. Graduate Qualities developed by this assessment: GQ1: You need to operate effectively upon fundamental accounting practical knowledge; GQ2: You are prepared for lifelong learning and professional practice; GQ3: You are working to be an effective business related problem solver; GQ4: You can work autonomously and independently; GQ5: You are committed to ethical action & social responsibility for business activities. GQ6: You can communicate effectively in written language. This assignment can be completed individually or in a group of no more than 2 students. Assignment Context: You have recently joined Business Smart, a finance and business consultation firm. Your manager Mr. James Brown will take family leave. He has asked you to prepare a consultation report for an important client, Company A, before he returns on 28 September 2018. Company A is a mining and resource company. It has recently announced the appointment of a new Chief Executive Officer. Before the arrival of the new CEO, Company A decides to conduct a comprehensive review of the company’s financial performance and risk in the past three years, and in particular, to better understand how its financial performance is benchmarked against other rivals with similar profiles in the Materials sector. Company A considers this review very important and timely in assisting the incoming CEO to set out new plans for its future performance development. In addition, Company A has been under public scrutiny recently because of its high environmental pollution and energy consumption. As a response, several board members are discussing improving the company’s reporting on environmental challenges and strategies for environmental protection. However, a few other board members are concerned about the risk associated with lifting such reporting. Given the economic downturn and the end of the 2 mining boom, they argue that the company should focus on the main business areas and regaining profit. The issue is pending for the new CEO to resolve. I. Required: 1. Select Company A and a benchmarking company for analysis. You need to choose two companies from a list of Selected ASX Listed Materials Companies provided as a separate file under Assignment on the course website. (1) The name of the company selected as Company A should begin with the same letter of the alphabet as your surname (or your fellow student’s surname should you do the assignment in pairs), e.g. if your surname is Alpha, you can use Adelaide Brighton Ltd or Alumina Ltd. (2) The name of the company selected as the benchmarking company should begin with the same letter of the alphabet as your first name (or your fellow student’s first name should you do the assignment in pair), e.g. if your first name is Beta, you can use Barra Resources Ltd or BHP Billiton Ltd. Note: If you cannot find an appropriate company to analyse, you may randomly select a company from the list but you need to clearly justify the reason in your assignment. 2. Go to the company information database DatAnalysis Premium via the UniSA Library website. Under Company Reports, search for the companies you selected according to their ASX Codes or part of the company names. Go to Financial Data to review these companies’ financial statements and ratios for the financial years from 2016 to 2018 (if 2018 data are not available, use data from 2015 to 2017). 3. Based on available data, analyse and compare the financial results of Company A and the benchmarking company selected. Your comparative analysis should cover the following points: 1) Which company is more profitable and generates healthier returns? 2) How well are the two companies managing their resources? Do you think Company A is efficient in managing its assets compared with the benchmarking company? 3) Can Company A meet its short term debts? How is its liquidity compared with the benchmarking company? 4) Do you think Company A will stay in operation in the long term? How is its long term financial stability compared with the benchmarking company? Your answer to each question should be supported by adequate evidence (i.e. financial statement data and ratio results) and analysis. 4. Go to Annual Reports to review the past three years’ annual reports of Company A and the benchmarking company. Are there any non-financial issues reported? Are they of concern and having a potential impact on the company’s financial position and performance? Discuss how these additional issues and evidence disclosed in the annual reports may influence your previous comparative results. 5. Does the benchmarking company produce any report or information about environmental 3 issues such as environmental pollution and energy consumption? Do you think Company A should follow what the benchmarking company is doing? Do you support reporting on environmental strategies and challenges or do you think the company should focus on business growth and regaining profit instead? Explain. II. Submission Notes:  Your consultation report must be presented in a clear format, including an introduction and conclusion, and with correct grammar, expression and in-text referencing. Read the Writing Reports Guide on the course Learnonline website before submission.  This assignment must be submitted online. Hard copies are NOT accepted. If the assignment is completed by two students, only one student needs to make the submission.  Please submit one single Word Document only. Please do not attach the assignment cover sheet. Instead, clearly indicate your name and student ID (if applicable, plus your fellow student’s name and ID) on the first page of the submission. This is to avoid high similarity of the assignment cover sheets reported in Turnitin.  The word limit for this assignment is 2400 words (excluding references and appendices if applicable).  You are required to use the Harvard Referencing style. The minimum number of references for this assignment is five (excluding the textbook and reference to annual reports). In professional business reports, your references used have to be based on proper academic sources (books, book chapters, journal articles, etc.). Internet sources such as Wikipedia or Investopedia, are deemed to be unacceptable. If you are not sure about the referencing style, please read the Referencing guide on the course Learnonline website.  You may ask your lecturer/tutor for help while completing this assignment, but they will only answer general questions and will not ‘check’ student answers to the assignment. You may only discuss the assignment with other students at a general or conceptual level, that is, you may talk about the issues, not the details.  You should not prepare your assignment together with other students or groups, nor should you compare your final answers with other students or groups. It is NOT acceptable to share files, templates, or electronic versions of assignment questions with other students or groups. To ensure Academic Integrity, all submissions will be checked through Turnitin databases which include online publications, internet resources and past student submissions.  Remember, your assignment must be all your own work. If you present material that is not all your own work you have engaged in academic dishonesty which is taken very seriously and dealt with very severely. Refer to the Academic Integrity section of the Learnonline course website.  Due date: Friday, 28 September, 2018 by 11am Company name ASX code 3D RESOURCES LIMITED DDD A1 CONSOLIDATED GOLD LIMITED AYC ABM RESOURCES NL ABU ACCENT RESOURCES NL ACS ACTIVEX LIMITED AIV ADELAIDE BRIGHTON LIMITED ABC ADELAIDE RESOURCES LIMITED ADN ADITYA BIRLA MINERALS LIMITED ABY ADMIRALTY RESOURCES NL. ADY AEON METALS LIMITED AQR AGRIMIN LIMITED AMN AGUIA RESOURCES LIMITED AGR ALACER GOLD CORP. AQG ALARA RESOURCES LIMITED AUQ ALCHEMY RESOURCES LIMITED ALY ALCOA INC. AAI ALEXIUM INTERNATIONAL GROUP LIMITED AJX ALICANTO MINERALS LIMITED AQI ALKANE RESOURCES LIMITED ALK ALLIANCE RESOURCES LIMITED AGS ALLOY RESOURCES LIMITED AYR ALTECH CHEMICALS LTD ATC ALTONA MINING LIMITED AOH ALTURA MINING LIMITED AJM ALUMINA LIMITED AWC BARRA RESOURCES LIMITED BAR BASE RESOURCES LIMITED BSE BASS METALS LTD BSM BASSARI RESOURCES LIMITED BSR BATHURST RESOURCES LIMITED. BRL BAUXITE RESOURCES LIMITED BAU BBX MINERALS LIMITED BBX BC IRON LIMITED BCI BCD RESOURCES NL BCD BEACON MINERALS LIMITED BCN BEADELL RESOURCES LIMITED BDR BGD CORPORATION LTD BGD BHP BILLITON LIMITED BHP BIRIMIAN GOLD LIMITED BGS BISALLOY STEEL GROUP LIMITED BIS BLACK MOUNTAIN RESOURCES LIMITED BMZ BLACK OAK MINERALS LIMITED BOK BLACK RIDGE MINING NL BRD BLACK ROCK MINING LIMITED BKT BLACKHAM RESOURCES LIMITED BLK BLIGH RESOURCES LIMITED BGH BLINA MINERALS NL BDI CHONGHERR INVESTMENTS LTD CDH CHRYSALIS RESOURCES LIMITED CYS CI RESOURCES LIMITED CII CIRRUS NETWORKS HOLDINGS LIMITED CNW CITIGOLD CORPORATION LIMITED CTO CLANCY EXPLORATION LIMITED CLY CLASSIC MINERALS LTD CLZ CLEVELAND MINING COMPANY LIMITED CDG COHIBA MINERALS LIMITED CHK COKAL LIMITED CKA COLORPAK LIMITED CKL COMET RESOURCES LIMITED CRL CONDOR BLANCO MINES LIMITED CDB CONDOTO PLATINUM NL. CPD CONICO LTD CNJ CONSOLIDATED TIN MINES LIMITED CSD CONVERGENT MINERALS LIMITED CVG COPPER STRIKE LIMITED CSE COPPERMOLY LIMITED COY CORAZON MINING LIMITED CZN CORE EXPLORATION LIMITED CXO COUGAR METALS NL CGM COVE RESOURCES LIMITED CVE COVENTRY RESOURCES INC CYY COZIRON RESOURCES LIMITED CZR CRADLE RESOURCES LIMITED CXX CRATER GOLD MINING LIMITED CGN CREDO RESOURCES LIMITED CRQ CREST MINERALS LIMITED CTT CRESTAL PETROLEUM LIMITED CRX CROSSLAND STRATEGIC METALS LTD CUX CRUSADER RESOURCES LIMITED CAS CSR LIMITED CSR CUDECO LIMITED CDU CULLEN RESOURCES LIMITED CUL CWH RESOURCES LTD CWH DACIAN GOLD LIMITED DCN DAKOTA MINERALS LIMITED DKO DAMPIER GOLD LIMITED DAU DANAKALI LIMITED DNK DART MINING NL DTM DATELINE RESOURCES LIMITED DTR DE GREY MINING LIMITED DEG DEMPSEY MINERALS LIMITED DMI DGO GOLD LIMITED DGO DGR GLOBAL LIMITED DGR DIATREME RESOURCES LIMITED DRX DOME GOLD MINES LIMITED DME EQUATOR RESOURCES LTD EQU EQUATORIAL RESOURCES LIMITED EQX EQUUS MINING LIMITED EQE ERIN RESOURCES LIMITED ERI ESPERANCE MINERALS LIMITED ESM ESTRELLA RESOURCES LIMITED ESR EUMERALLA RESOURCES LIMITED EUM EUROGOLD LIMITED EUG EUROPEAN METALS HOLDINGS LIMITED EMH EVOLUTION MINING LIMITED EVN EXALT RESOURCES LIMITED ERD EXCALIBUR MINING CORPORATION LIMITED EXM EXCELSIOR GOLD LIMITED EXG EXTERRA RESOURCES LIMITED EXC FOCUS MINERALS LTD FML FORTE CONSOLIDATED LIMITED FRC FORTESCUE METALS GROUP LTD FMG FOX RESOURCES LIMITED FXR FOY GROUP LIMITED FOY FRASER RANGE METALS GROUP LTD FRN FRONTIER RESOURCES LIMITED FNT FYI RESOURCES LIMITED FYI GALAXY RESOURCES LIMITED GXY GASCOYNE RESOURCES LIMITED GCY GATEWAY MINING LIMITED GML GBM GOLD LTD GBM GBM RESOURCES LIMITED GBZ GENERAL MINING CORPORATION LIMITED GMM GENESIS MINERALS
Sep 26, 2020
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