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My assignment topic is ( bluescope steel) i sent you some samples http://www.bluescopesteel.com.au/ FAILURE TO MEET THIS REQUIREMENT WILL RESULT IN A ZERO GRADE NOTE SIMILARITY ISSUES WILL ALSO...

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My assignment topic is ( bluescope steel)


i sent you some samples

http://www.bluescopesteel.com.au/

FAILURE TO MEET THIS REQUIREMENT WILL RESULT IN A ZERO GRADE

NOTE SIMILARITY ISSUES WILL ALSO RESULT IN A HEAVY PENALTY

Assessment Type: Written Report – individual assessment (bluescope steel)

Purpose: This assessment is designed to reinforce the subject content and develop students’ skills and application of knowledge of the subject content to business situations.

This assessment relates to learning outcomes a, b and c.

Value: 20%

Due Date: Students are to upload their submission to the Turnitin link on the KOI Moodle subject home page by 5:00pm Friday of Week 7.

Topic: This assignment covers the in-depth theoretical concepts with some practical accounting task application based on the topics from the subject.

Task Details: This assignment requires a consideration of accounting theory concepts with critical analysis with application to General Purpose Financial Reporting by corporations.

Students are required to prepare a comprehensive report directed to an APPROVED corporation detailing a critical analysis of the effectiveness of the corporation to meet the obligations of the conceptual framework of accounting.

The Summary Report: should include data extracted from the General Purpose Financial Report relevant to the material analysed.

Marking Guide: Analysis 30% Theory support 30% Recommendations/conclusions 30% Presentation 10%

Answered Same Day May 03, 2020

Solution

Abr Writing answered on May 04 2020
140 Votes
Table of Contents
Introduction    1
Conceptual framework    1
Blue scope steel    1
Outside News    2
Blue Scope investment in Community project    6
Income Statements    7
Balance Sheet    9
Accounting standards    11
Revenue recognition    12
Taxes recognition and Measurement    12
Defe
ed taxes    13
Trade receivables recognition    13
Trade payable recognition    14
Property Plant and equipment    14
References    15
Introduction
There is very high regulation in Australia regarding the accounting standards and all companies are scrutinized by the regulators to follow the accounting standards as well as financial reporting standards as per rules established in 2001.  There are very clear and concise guidelines to the Accountants and auditors to do the audit and follow the accounting practices.  The Accountants are required to follow all the guidelines mentioned in the policy framework and auditors should also follow the audit guidelines and process their audit as per those given guidelines.
Conceptual framework
There is a Conceptual Framework for the Accountants which defines the accounting principles that accountant must follow in order to prepare the financial reports.  An accountant cannot circumvent this conceptual Framework as they are defined by the standard board of accounting and the accountant is bound by law to follow all the accounting principles.  Key principles of accounting Framework are timeliness, verifiability, compatibility, faithful presentation, and relevance and understanding ability. Cornell, B. and Shapiro, A.C., 1987.
Blue scope steel
 
BlueScope steel is one of the leading steel producing companies in Australia which produces flat Steel as its main product. BlueScope Steel has its operations in Asia, North America, New Zealand and Australia. The company was earlier part of one of the leading multinational BHP Billiton and it demerged from BHP Billiton in 2002 and was renamed as BlueScope Steel in 2003.
Major products of BlueScope Steel are galvanized steel, Automotive Steel, hot-rolled coil, Steel slab, co
ugated galvanized iron, hot rolled coil tinplate and other alloys.
In 2014 the company has acquired O
con Steel from Hills Corporation and has added several products like structural tubular Steel, fencing roofing, and building accessories.
BlueScope Steel has a net revenue of 9.2 million Australian dollars and the company employees the workforce of 16000 worldwide the company is led by Graham Kraehe and Mark Vaseela.
Outside News
BlueScope Steel has been one of the best-performing stocks in the past 12 months, the stock of the company has provided 41% return to its shareholders in the past 1 year.
The stock
okers are predicting a further search in the stock prices because the company is expected to announce a significant increase in quarterly profit. Once a significant increase in quarterly profit is announced there will be a positive sentiment in the market regarding the company's stock hence more buying by the investor will lead to a further search in the stock price of BlueScope.
As the United States has imposed the tariff on the steel exports from China, therefore, it is an opportunity for BlueScope to get a competitive advantage and increase the revenue of the company's significantly. Increase in the revenue would further be increased the profit which would ultimately increase the stock price of the company.
BlueScope Steel has appointed Greta Stephens as Head of its Pacific Island and New Zealand operations Stephen will also lead Melbourne based firm's manufacturing, mining and downstream business in New Zealand. This move by blue scope steel is expected to create a more competitive culture in the organization which will further lead to the adoption of aggressive technique in order to acquire more business and maintains the pace of growth.
This article shows that Cochlear is a better investment than the BlueScope Steel in the long term because Cochlear has more sound fundamentals then the BlueScope Steel. Cochlear steel is considered as a more lucrative investment in the long run because the company is continuously committed towards sustainable reporting. 
There are other several financial reasons for the company's stock to perform better than BlueScope Steel pictures the company has very strong cash flows, has a price earnings ratio and there is a negligible that in the company along with the competitive advantage in the industry.
Blue Scope investment in Community project
BlueScope steel is early committed towards the sustainable business and it follows certain fundamental belief as per their types of business conduct.
BlueScope steel is committed towards the four group of stakeholders which include shareholders, employees, customers and external community. There is a very high emphasis...
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