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This assignment is part of the continuous assessment and feedback. It is a group 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.
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.
Your group shall be allocated latest annual report 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/ )
Company- Introduction, Business & operating activities, Finances and Financial performance
Assets – PPE and Intangibles
Research component
Note: It is important to refer to relevant accounting standards in your report to score high marks in this group assignment.
Today, if someone is the owner of the business so he must know that days where business is only operating for profits are gone as most of the businesses are focusing on Corporate social responsibility. CSR is where a business operates in sustainable and ethical way so that it would deal with the environment and community. It means business must give considerations to human rights and to environmental problems. The 2015 Cone Communications/Ebiquity Global CSR study found that 91% of the global consumers expect business to operate in a way so that it would address social and environmental issues. These numbers suggest that the awareness of the importance of social responsibility has been increasing among the consumers. CSR reveals your business that takes an interest in broader social problems, rather than just those that affect the profit margins, attracting consumers who hold the same values. So, it is good if businesses operating in sustainable way and applying ethical practices. (Collier, 2018) , (Why Corporate Social Responsibility Matters in Today’s Society) and (Nafi, 2018)
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