Details of Assessment Assessment 1 Assessment Type: Written Report – individual assessment Task Details: Students are required to select one ASX corporation from the list,...

(Acc 303) Contemporary Issue in Accounting
ASX Company Report
BANK OF QUEENSLAND
1st Trimester 2020
Individual Report
1) EXECUTIVE SUMMARY
This report is intended to create a detailed understanding of the company, through an analysis of the voluntary disclosures made by the management and the data’s collected from the external sources that are related to these disclosures. This study is then analysed using the qualitative characteristics of analysing a data such as reliability, materiality, faithful reporting, timeliness etc. This report would help to access the degree of reliability that could be placed on the board’s disclosure for taking an unbiased and accurate decision. At the end of this research a conclusion, recommendation and referencing of the study.
Table of Contents:
1) Executive Summary_______________________________________________2
2) Introduction_____________________________________________________5
3) Share Prices_____________________________________________________6
4) Comparison of Share prices________________________________________7
3) Voluntary Disclosure of Bank of Queensland___________________________8
1. Sustainability___________________________________________8
2. Corporate Social Responsibility____________________________9
4. Comparing Voluntary Disclosures Made by the Company
With The Information Gained from External Source: ___________________10
1) ______________________________________________________10
· Relevance____________________________________11
· Verifiability__________________________________11
· Faithful representation________________________12
2) ______________________________________________________12
· Relevance____________________________________12
· verifiability___________________________________13
· Faithful Representation_________________________13
5. Conclusion and Recommendation__________________________________14
6. References_____________________________________________________15
2) INTRODUCTION
The Bank of Queensland (BOQ) is one among the largest retail banks in Australia. It was established in 1963, which gives it a status of one of the ancient banks of the country. It began as a building society and now holds 160 branches in Australia. The bank is headquartered at Newstead, Brisbane. It had backed Queensland Business Leaders Hall of Fame in 2014 as recognition of its excellence in providing banking services in Queensland and for its expansion globally. It operates as a savings bank, building society and a trading bank. It was listed in Australian stock exchange in 1970. The bank manages its retail banking solutions through its owner managed and corporate bank networks, third party intermediaries and Virgin money distribution channels. It employs around 1950 people with its operations around Australia and New Zealand.
3) SHARE PRICE
Bank of Queensland (ASX: BOQ) is a stable performer in the Australian stock exchange. It holds 121st position in ASX size rank with a profit to earnings ratio of 10.8. Over the past years the share prices of the company is having a stable growth rate in the market. BOQ has a market capitalization of $2.79 billion over the year. A detailed presentation of the share prices of Bank of Queensland is shown in the table below:
Share Price details of 2018
    Open
    12.70
    High
    13.00
    Low
    9.10
    Close
    9.70
    Volume
    436.61M
    % Change
    119.21%
Share Price details of 2019
    Open
    9.70
    High
    10.77
    Low
    7.11
    Close
    7.25
    Volume
    611.66M
    % Change
    63.84%

These prices are taken on an average baisis
4) COMPARISON OF SHARE PRICES
A detailed study of the past share prices of Bank of Queensland gives a summary that the prices have undergone a high fluctuation over these years. 2018 is considered as a favourable time of BOQ as it has the highest quote of share price in past year comparison. In 2019 there is a decline in the value of shares due to increased competition and other market risk factors in the...