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BUS103_T3_2019_Assessment_3 Page 1 XXXXXXXXXXKaplan Business School Assessment Outline Assessment 3 Information Subject Code: BUS103 Subject Name: Accounting for Managers Assessment Title: Company’s...

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BUS103_T3_2019_Assessment_3

Page 1 XXXXXXXXXXKaplan Business School Assessment Outline
Assessment 3 Information

Subject Code: BUS103
Subject Name: Accounting for Managers
Assessment Title: Company’s Annual Report
Assessment Type: Individual Written Report
Weighting: 20 %
Total Marks: 20
Submission:
Individual Submitted via Turnitin in MyKBS
Written Report
Due Date: Monday of Week 11 at 3:55 pm AEST (Written Report)
Your Task
Your instructor will assign you one of three Australian retail companies that are listed on the Australian Securities
Exchange (ASX) as follows: Myer, Harvey Norman, JB Hi Fi Limited. You are required to obtain the 2019 Annual
Report for the company you have been assigned to work on. You must answer all questions in Part A and B using
the 2019 Annual Report of your company.
Assessment Description
This assignment is designed to get you to locate the Annual Report for a company and become familiar with its
contents, particularly the financial statements and the notes to the financial statements (LO 2 and 3). While we
have looked at very basic formats of the financial statements, the financial statements for a company contain much
more detailed information much of which you have not been introduced to yet. Pay attention in the Annual Report
to the information provided in the notes to the financial statements as you will find a lot of useful information in
them that may help with some of the assignment questions.
The schedule for the assignment is given:
Week 3 Your lecturer will allocate you one of the companies mentioned above, using the random
process.
Week 6 Discussion and overview of Part A of the assignment and marking ru
ic.
Week 7 Discussion and overview of Part B of the assignment
Page 2 XXXXXXXXXXKaplan Business School Assessment Outline
PART A – THE COMPANY REPORT (Refer ru
ic below for marking guidance)
Question 1
Describe the principal activities of the company? (1 mark)
Question 2
Define the revenue recognition criteria of the company and identify the page number and note number where
this is stated in the annual report? (1 mark)
Question 3
Describe how the company values all classes of property, plant and equipment? Identify the page number and note
number where this is stated in the annual report? (3 marks)
Question 4
Name the Audit firm responsible for performing the audit of the financial statements of the company. Explain why
the auditor must declare their independence, and also explain why the financial statements must be audited by an
external party. (3 marks)
Question 5
Provide any evidence of the company’s initiative or commitment to business sustainability practices. Why are
usinesses concerned about sustainability? (2 marks)
PART B ‐ ANALYSIS OF COMPANY’S FINANCIAL INFORMATION
Question 1
Using the company financial information, analyse and compare their 2018 and 2019 financial data by answering the
following questions (you should analyse 2 ratios for each question):
A. Calculate the efficiency of the company by identifying and calculating two efficiency ratios. You need to calculate
the two ratios for 2018 and XXXXXXXXXXmark).
B. You must also explain what the efficiency ratio results tell us about the company performance occu
ing
etween the 2 periods (1 mark). Has the company’s efficiency improved or deteriorated? (1 mark)
C. Analyse the profitability of the company by identifying and calculating two profitability ratios. You need to
calculate the two ratios for 2018 and XXXXXXXXXXmark).
D. You must also explain what the profitability ratio results tell us about the company performance occu
ing
etween the 2 periods. (1 mark) Has the company’s profitability improved or deteriorated? (1 mark)
E. Analyse the company debt position by identifying and calculating two ratios. You need to calculate the two ratios
for 2018 and XXXXXXXXXXmark).
F. You must also explain what the debt ratio results tell us about the company performance occu
ing between
the 2 periods. (1 mark). Has the company’s debt position improved or deteriorated? (1 mark)
Page 3 XXXXXXXXXXKaplan Business School Assessment Outline
Part A Assignment Ru
ic: 10% The Company report
Components High Distinction
85 – 100%
(Marks 8.5 to
10.0)
Distinction
75 - 84%
(Marks 7.5 to
8.49)
Credit
65 – 74%
(Marks 6.5 to
7.49)
Pass
50 – 64%
(Marks 5 to 6.4)
Fail
0 – 49%
(Marks 0 to 4.9)
Mark
Awarded
(Out of 10)
Written
Report
Technical
content
10%
The report
clearly
identifies and
addresses all
the technical
issues raised
& provides
clear, co
ect
& decisive
answers
displaying an
outstanding
understanding
of each of the
questions.
The report
clearly
identifies and
addresses
most of the
technical
issues raised
y your
investigation
and provides
clear, co
ect
and decisive
advice
displaying a
good
understanding
of most of the
questions
The report
clearly
identifies
and
addresses
some of the
technical
issues raised
y your
investigation
and provides
easonably
clear,
co
ect and
decisive
answers.
The report
identifies and
addresses
some of the
issues raised
y your
investigation
and provides
fairly clear,
ut not
always
co
ect
and/or
decisive
advice.
The report does
not identify or
address the
questions.
It displays a lack
of understanding
of some or most
of the issues
aised.
Referencing
Referencing Referencing Referencing Referencing Referencing
is co
ect is co
ect is almost has some is not co
ect
throughout throughout all co
ect inaccuracies in many cases.
Page 4 XXXXXXXXXXKaplan Business School Assessment Outline
Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism
and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties?
How can I appeal my grade?
Click here for answers to these questions:
http:
www.kbs.edu.au/cu
ent-students/student-policies/.
Word Limits for Written Assessments
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit
is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the
MyKBS Academic Success Centre page. Click here for this information.
http:
www.kbs.edu.au/cu
ent-students/student-policies
http:
www.kbs.edu.au/cu
ent-students/student-policies
http:
www.kbs.edu.au/cu
ent-students/student-policies
http:
www.kbs.edu.au/cu
ent-students/student-policies
http:
www.kbs.edu.au/cu
ent-students/student-policies
http:
www.kbs.edu.au/cu
ent-students/student-policies
https:
elearning.kbs.edu.au/course/view.php?id=1481
https:
elearning.kbs.edu.au/course/view.php?id=1481
Answered Same Day May 26, 2021

Solution

Pallavi answered on May 26 2021
133 Votes
TABLE OF CONTENTS
    Particulars
    Page no
    Part A
     
     Question 1
    2
     Question 2
    2
     Question 3
    2
     Question 4
    2,3
     Question 5
    3
    Part B
     
     Question 1.A
    3
     Question 1.B
    3
     Question 1.C
    3
     Question 1.D
    3,4
     Question 1.E
    4
     Question 1.F
    4
Part A
Question 1
The Principal activities of the company include the following:
· Franchise agreements
· Sale of various products that includes furniture, electrical equipments, computers in different region such as New Zealand, Singapore, Malaysia, Ireland, Slovenia, Northern Ireland and Croatia
· Investment in Property Sectors
· Media assignments
· Various commercial loans, advances, consumer finance
Question 2
As per AASB 15, five step procedures have been established to recognise revenue from customers. The company recognizes the revenue when the product has been sold or services have been rendered of that amount to the customers. The company has recognised revenue in various points such as revenue from contracts with customers, revenue from franchisees, revenue from sale of goods, revenue from services rendered.
Revenue recognition has been reported in page number 76 and point number (f)
Question 3
The income capitalisation method has been adopted for the property valuation for retail purpose situated in New Zealand and Australia. The same properties have also been valued under discounted cash flow syatem where company has not found any material differences when the property value has been compared. In Slovenia, the company has adopted income capitalisation approach for valuation of retail and warehouse properties. The capitalisation rate is being estimated from the source of market and external reviews. For the purpose of valuation of property efficiently, for every location the company has allocated one local...
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