BUACC1508 Assignment on Accounting and Finance

Added on - 09 Oct 2019

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FEDERATION BUSINESS SCHOOLBUACC1508 ACCOUNTING AND FINANCEASSESSMENT TASK 2: GROUP ASSIGNMENT1. GENERAL INFORMATIONAs per the Course Description, this assignment constitutes 30 per cent of the total assessment inthis course and is dueweek tenof semester on Monday at 9:30am. Submission will be electroniccopy via the assignment submission drop-box under the Assessment tab in Moodle. Onlyonecopyof the assignment is to be submitted per group. Students are also required to provide a single copyof the group assignment directly to the lecturer at the beginning of the BUACC1508 lecture held inweek 10.2. PURPOSECourse BUACC1508 is concerned primarily with the use of accounting information. The mainpurpose of this assignment is to provide students with the opportunity to apply the knowledge andskills acquired during the semester to a practical task involving the use of ‘real-world’ accountinginformation. In particular this will enable you to gain insights into and information about thebusiness of Billabong Limited, a merchandiser of surfwear and other outdoor action clothing, usingthe published financial statements of the company as your primary data source. This is intended toconsolidate students’ accounting knowledge and skills. Students are required tocomplete theassignment in groups of three or fourand this is intended to foster the development of the co-operative work skills that will be of importance in most employment contexts.3. ASSESSMENT DETAILS AND REQUIREMENTSStudents are to organise themselves intogroups of three or fourto complete the assignment anddonothave automatic entitlement to adopt some other arrangement (such as completing theassignment individually or in a larger group). Students who have difficulty finding a partner or whoencounter other difficulties (for example, their partner withdraws from the course) should consultthe Course Coordinator. There is no requirement that your partner be from the same tutorialgroup as yourself.The basic requirement is to make a general analysis of the profitability, efficiency, liquidity, gearing(leverage), and investment performance of Billabong Limited using the information available in thecompany’s 2016, 2017 and 2018 (half-year) annual reports available available via Moodle.Students are to use the ‘Consolidated’ data in conducting their analysis. Note that the annualreporte contain comparative data for the previous year’s results. The assignment will contain twomain elements:SCHEDULE(S) OF RELEVANT RATIOS AND OTHER USEFUL CALCULATIONSThe schedule(s) of relevant ratios and other useful calculations should be incorporated in one ormore appendices. Ratios and other calculations should be presented so as to facilitate comparisonbetween 2016, 2017 and 2018 (half-year) data. Students are advised to show the calculations usedin determining particular ratios and other figures.
A WRITTEN REPORTThe written report should:Explain briefly what is revealed by the ratios and other calculations in the context of thecompany’s profitability, efficiency, liquidity, gearing (leverage) and investment performance.In particular, any important changes from 2016 to 2018 (half-year) should be identified,discussed and, where possible, explained.Provide an overall assessment of the company from the perspective of existing and potentialequity investors (shareholders).The assignment is to comply with the University’sGeneral Guide to Writing and Study Skills andGeneral Guide to Referencingand the written report is not to exceed 2,500 words (excluding theExecutive Summaryand calculations which are to be incorporated in an appendix). Students arerequired to use the ‘APA system’ for the acknowledgment of sources. In order to help ensure thatassignments meet required presentation standards, students are strongly advised to use the‘Presentation check-list’ attached to these notes.Students may, if they wish, seek and use additional information about the company from sourcesother than the annual report (for example, from newspapers, business magazines etc.). However,it is not envisaged that students will be engaged in extensive research of this nature and it isexpected that the annual report provided will be the primary resource relied upon in completingthe assignment. Students are expected to obtain relevant share price data for the company so thatinvestment ratios (such as a dividend yield ratio) can be calculated. (It is recommended thatstudents obtain the company’s share price as at 30 June 2016, 30 June 2017 and 31 December2017 for the purpose of calculating relevant ratios on these dates. Share price data is available,among other sources, from newspapers archived in the library or on the ASX website).Under nocircumstancesare students to make direct personal contact with the company or its officers (forexample by telephone, fax, letter or email) in an attempt to gather further information.4.SUGGESTED REPORT FORMAT AND APPROACHSECTIONS IN REPORT:Complete assignment in appropriate report format. Suggested report structure and headings:I.TITLE PAGEYour title or cover page needs to convey the main information about your assignment. It mustlook professional and include:The Course Code and Name:The title of the assessment task:Name of the Course-Coordinator and of your tutorTrimester, year and date of submissionII.TABLE OF CONTENTSThe Table of Contents (TOC) provides the outline of your report to the marker/reader. It is the firstindication that you have addressed key issues and carefully planned you work. Your TOC shouldlook well laid out as if it is the TOC in a book. Use numbering for major and minor headings whereappropriate and include page numbers. You can use an extra page to detail illustrations or tables ifit is appropriate.III.EXECUTIVE SUMMARYThe Executive Summary should give an overview of your report to a busy executive who does nothave time to read it in full. It should:-2-
conveythepurposeofthereport,giveasummaryofkeythemes,ideasorfindings(sub headingsmaybeused),provideabridgedrecommendations.The Executive Summary should not exceed 150 words. The words in the Executive Summary arenot included as part of the final word count.IV.BACKGROUND: COMPANY OVERVIEWV.ANALYSISThe main body of the report should include a discussion ofwhat is revealed by the ratios and othercalculations in the context of the company’s profitability, efficiency, liquidity, gearing (leverage)and investment performance. In particular, any important changes from 2016 to 2018 (half-year)should be identified, discussed and, where possible, explained. The main areas of analysis are:ProfitabilityEfficiencyLiquidityGearing (Leverage)Investment RatiosVI.CONCLUSIONS AND FINDINGSThe Conclusion is your evaluation or summary of the major points and key findings as discussed inthe Body of the report. The Conclusion should always be concise and must not contain any newinformation. It should not require a substantial number of words to draw information together andsummarise what you have found.VII.RECOMMENDATIONSYour recommendations are the culmination of all your work and should deliver a well rounded andthoughtful ending to your research. The material in the body of your report provides the basis foryour considerations. The conclusion provides a summary of your deliberation over your findings.The recommendations provide the reader with your considered opinions of what would be thebest decision(s) to make, or course(s) of action to follow, based on your research and criticalanalysis.For this assignment your recommendationsshouldbe directed towards both the internalmanagement/directors of the company and also existing and potential external equity investors.VIII.APPENDIXESThe appendix must contain a one page summary in table format of the results of your ratiocalculations. This summary of your ratio results should be followed by the actual ratio calculationsand workings. Footnotes should also be used in your appendix to justify any values you have usedin your calculations where there is some uncertainty if you have selected the correct figure (value)from the annual report to be used in the formulas.IX.REFERENCESThis must contain full details all sources referred to or cited in the report, using the FederationUniversity author date (APA) style.-3-
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