Using Classical Political Economy Theory and Managerial Branch of Stakeholder Theory to Explain JB Hi-Fi's Reporting Decisions

This article discusses how JB Hi-Fi's reporting decisions can be explained using Classical Political Economy Theory and Managerial Branch of Stakeholder Theory. It also explores the extent to which current share prices anticipate future earnings announcements. The article provides evidence from the case study to support the observations made.

ACCT20074 Final Assignment
Term 1, 2018
Student ID:………………………………. Student name……………………………………………………..
Marker’s overall comments: The markers may include any
final comments here.
Overall Mark (Total) out of 50:
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Question 1: Use Classical Political Economy Theory to explain JB Hi-Fi’s decision to release its profit downgrade
in the way it did. Make sure you explain what Institutional Theory is, and support your observations with evidence
from the case study.
Answer: The classical theory of Economics is mainly the overall Foundation that was laid for the modern economics, which was
essential to promote growth, free trade and competition without the interference of government regulations. classical theory of
Economics directly indicated the use of self-regulating methods which could effectively allow the economy to improve without the
intervention of the government. classical economist mainly evaluated the growth of a country with GDP output level and not by the
detecting the wealth of the king or government. This will help in laying the foundation for modern economics, while promoting trades
conducted without government intervention. The classical theory of Economics can be evaluated on the decision made by JB hi fi in
disclosing the downgrade in their profits during the fiscal year. From the evaluation point of you the decision made by JB Hi-Fi was
directly considered as an independent move where the organisation effectively complied with all the relevant regulations laid down
before conducting the announcement. Hence, the intervention of ASX was not needed as the overall profit downgrade was relatively
under the material disclosure limit. Therefore, it could be understood that under the measures of classical theory of Economics
organisation adequately portrayed free competition without the intervention of government regulations. Therefore, under the classical
political economy theory the decision made by JB Hi-Fi regarding the disclosure of the profit downgrade was adequate. the company
is able to disclose all the relevant information regarding their operations regardless of the intervention from governments, as it
complied with all the relevant regulations laid down by ASX. In this context, Onions & Schefold (2017) stated that with adequate
disclosure measure the organisation is able to minimise any kind of rumours that might hamper its share price and have impact on their
capital reserves.
The institutional theory directly indicates that organisation needs to follow the regulations structures and establishment that is
portrayed by regulator for depicting their social behaviour. the social behaviour of the organisation is essential as it delivers all the
relevant information to the stakeholders in accordance to the changes in its operations. according to the institutional theory company
has effectively portrayed all the relevant information to the ASX and investors where is no manipulation is being conducted by the
company. JB hi fi has relatively portrait the information in an adequate way, where no additional information was required as the
material impact was below 3%, as stated in the ASX regulations. Major compliance with all the relevant information directly indicates
the usefulness of institutional theory in detecting the major problems faced by the company. hence, it could be identified that under the
institutional theory measure JB hi fi has adequately complied with all the regulations laid down by ASX regarding the disclosure
measure of their profit downgrade (Willmott, 2018). Before after evaluating all the relevant evidence from the case study it will be
identified that JB hi fi has effectively followed all the relevant regulations before conducting the announcement. This relevantly

supports the measures drafted by institutional theory and indicates that the organisation has complied with all the regulations of ASX.
References:
Insert your references here, for example:
Onions, C. T., & Schefold, B. (2017). Essays on Piero Sraffa: Critical perspectives on the revival of classical theory.
Routledge.
Johnson, H. G. (2017). Macroeconomics and monetary theory. Routledge.
Greenwood, R., Oliver, C., Lawrence, T. B., & Meyer, R. E. (Eds.). (2017). The Sage handbook of organizational
institutionalism. Sage.
Willmott, H. (2018). Can It? On Expanding Institutional Theory by Disarming Critique. Journal of Management Inquiry,
1056492617744893.
Marker’s Comments: The marker will provide feedback here. Mark (10):
0
Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
Demonstrates a balanced and very
high level of detailed knowledge of
core concepts by providing a very
high level of analysis. Utilises
current, appropriate and credible
sources.
Demonstrates a balanced and high
level of knowledge of core
concepts by providing a high level
of analysis. Utilises mostly current,
appropriate and credible sources.
Demonstrates a good level of
knowledge of some of the core
concepts by providing some level
of analysis. Utilises some current,
appropriate and credible sources.
Demonstrates limited knowledge of
core concepts by providing a
limited level of analysis. Utilises
few current, appropriate and
credible sources.
Demonstrates little, if any,
knowledge of the core concepts
with extremely limited, if any,
analysis. Utilises little, if any,
current, appropriate and credible
sources.
Quality of writing at a very high
standard. Paragraphs are
coherently connected to each
other. Correct grammar, spelling
and punctuation.
Quality of writing is of a high
standard. Paragraphs are mostly
well structured. Few grammar,
spelling and punctuation mistakes.
Quality of writing is of a good
standard. Few grammar, spelling
and punctuation mistakes.
Some problems with sentence
structure and presentation
Frequent grammar, punctuation
and spelling mistakes. Use of
inappropriate language.
Quality of writing is at a very poor
standard so barely
understandable. Many spelling
mistakes. Little or no evidence of
proof reading.

Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
The assessment presents a
detailed and focused summary of
the ideas presented; drawing clear
and well thought-out conclusions.
The assessment presents a fairly
detailed and focused summary of
the ideas presented; drawing fairly
clear and well thought-out
conclusions.
The assessment presents a
somewhat detailed and focused
summary of the ideas presented;
providing some evidence of
conclusions.
The assessment provides limited
detail with no clear summary of the
ideas presented; drawing limited
conclusions.
The assessment fails to provide
any clear evidence of the ideas
presented; drawing no clear
conclusions.

Question 2: Use the Managerial branch of Stakeholder Theory to explain JB Hi-Fi’s reporting decisions. Make sure
you support your observations with evidence from the case study.
Answer: From the evaluation of managerial branch of stakeholder theory it could be identified that are relevant information needs to be
provided to stakeholders who can help the organization achieve their goals. The overall managerial branch of stakeholder theory
indicates the adequate information that needs to be provided to different level of stakeholders of the company depicting their progress.
Moreover, the theory effectively helps the organisation to manage specific stakeholder groups within the society for effectively
detecting the impact of disclosure policies on the market. Directly indicates that the organisation does not have to respond to all the
stakeholders equally instead which should segregate the stakeholders to identify the most powerful ones. this would eventually help
the organisation to understand the level of control over resources that is required by the organisation. Furthermore, it will be identified
that assessing the significance of stakeholder demand is a strategic move made by the organisation to fulfil its firm objective.
Additionally, the decision made by JB Hi-Fi regarding the profit downgrade announcement is relatively considered to be under the
managerial branch of stakeholder theory. the company has effectively disclosed all the relevant information to these specific
stakeholders during the conference by addressing the relevant problems faced by the organisation. This information is relatively
supporting the stakeholders such as to take adequate steps in valuing the company’s share price. The drastic decline in share price of
the company is also result of adequate announcements conducted by the company regarding the current financial position to the
adequate stakeholders (Poulton, Barnes & Clarke, 2017).
After while reading the case study it will be identified that the relevant information regarding the downgrade of Profits by 3% was
directly announced to the shareholders of the company. This information transfer was essential by the organisation for depicting
Problems related to future profit that will incur in the fiscal year. Furthermore, the information that is provided by the organisation was
adequate, while ASX indicated that a separate announcement needs to be conducted by the organisation to highlight the decline in
future profit. However, the mandate that was provided by ASX mainly instigated that if the overall material changes is higher than 5%
then adequate information needs to be delivered in a different announcement. moreover, if the impact is less than 5% then the
organisation is not viable to provide separate information or announcement to the shareholders and stakeholders of the organisation.
Hence, under the evaluation of stakeholder theory the decision made by JB hi fi for reporting the annual decline and profit was
adequate. The company adequately followed all the relevant information needed by the Stakeholders who are supporting the
organisation to achieve its goal (Kent & Zunker, 2017). Therefore, under managerial branch of stakeholder theory JB hi fi have
adequately provided all the relevant information to the stakeholders, who can help the organisation to achieve higher growth in future.
Investment executive such as Smith directly supported the operations of JB hi fi, which directly indicates that the information depicted

by the organisation was adequately supported by the investors.
References:
Insert your references here, for example:
Kent, P., & Zunker, T. (2017). A stakeholder analysis of employee disclosures in annual reports. Accounting & Finance,
57(2), 533-563.
Poulton, E., Barnes, L., & Clarke, F. (2017). Disclosure and Reporting of Governance Practices by Australian Residential
Aged Care Providers: Accountability to Stakeholders.
Pérez, A., López, C., & García-De los Salmones, M. D. M. (2017). An empirical exploration of the link between reporting to
stakeholders and corporate social responsibility reputation in the Spanish context. Accounting, Auditing & Accountability
Journal, 30(3), 668-698.
Hussain, N., Rigoni, U., & Orij, R. P. (2018). Corporate governance and sustainability performance: Analysis of triple
bottom line performance. Journal of Business Ethics, 149(2), 411-432.
Marker’s Comments: The marker will provide feedback here. Mark (10):
0
Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
Demonstrates a balanced and very
high level of detailed knowledge of
core concepts by providing a very
high level of analysis. Utilises
current, appropriate and credible
sources.
Demonstrates a balanced and high
level of knowledge of core
concepts by providing a high level
of analysis. Utilises mostly current,
appropriate and credible sources.
Demonstrates a good level of
knowledge of some of the core
concepts by providing some level
of analysis. Utilises some current,
appropriate and credible sources.
Demonstrates limited knowledge of
core concepts by providing a
limited level of analysis. Utilises
few current, appropriate and
credible sources.
Demonstrates little, if any,
knowledge of the core concepts
with extremely limited, if any,
analysis. Utilises little, if any,
current, appropriate and credible
sources.
Quality of writing at a very high
standard. Paragraphs are
Quality of writing is of a high
standard. Paragraphs are mostly
Quality of writing is of a good
standard. Few grammar, spelling
Some problems with sentence
structure and presentation
Quality of writing is at a very poor
standard so barely

Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
coherently connected to each
other. Correct grammar, spelling
and punctuation.
well structured. Few grammar,
spelling and punctuation mistakes.
and punctuation mistakes. Frequent grammar, punctuation
and spelling mistakes. Use of
inappropriate language.
understandable. Many spelling
mistakes. Little or no evidence of
proof reading.
The assessment presents a
detailed and focused summary of
the ideas presented; drawing clear
and well thought-out conclusions.
The assessment presents a fairly
detailed and focused summary of
the ideas presented; drawing fairly
clear and well thought-out
conclusions.
The assessment presents a
somewhat detailed and focused
summary of the ideas presented;
providing some evidence of
conclusions.
The assessment provides limited
detail with no clear summary of the
ideas presented; drawing limited
conclusions.
The assessment fails to provide
any clear evidence of the ideas
presented; drawing no clear
conclusions.

Question 3: To what extent do current share prices anticipate future earnings announcements? Use the case
study to support your answer.
Answer: The share price of the organisation relatively declined after the announcement of the profit downgrade, which was not
activated by JB hi fi. JB Hi-Fi directly indicated that the decline and share price was not anticipated by the organisation due to the low
impact of materiality on its profits. The organisation directly indicated that only 3% decline in its overall profit will income during the
fiscal year, which led to the mass panic among investors, who dumped all the relevant shares of the organisation to minimise the
negative impact on their investment capital. The continuation of the relevant decline and share price was mainly a signal from the
investors regarding the current evaluation of the organisation. Moreover, the share price of the company directly instigated the
relevant decline and its future learning that has been declared in the article. According to the case study, the share price of the
organisation fell up to 10% on a single day after the announcement was made by JB hi fi. This significant move was previously
conducted in 2011, where the organisations future was not certain. Therefore, the mass panic conducted by the investors directly
indicating the current financial position and share price valuation of the organisation. Moreover, from the evaluation of the share price
movement from the announcement date to the lowest point of the share it could be identified that the company share has been declined
from 25.7 per share to 22.05 per share. The anticipation of the investors regarding the future earnings announcement of the
organisation is effectively depicted with the help of current share price. Investors relatively use share price valuation to determine the
actual value of the organisation. Moreover, the decisions made by the organisation in the announcement relatively depicted the actual
valuation of the company, which was delivered by the change in its share price. In this context, Xu & Beck (2017) stated that
fundamental analysis uses financial report of the organisation to evaluate its future growth. On the other hand, Lee & Tong (2018)
argued that due to the limitations of fundamental analysis investors are not able to understand the level of changes in short term that
will is conducted in share price of the organisation.
Therefore, the current share price of JB hi fi is relatively putting the anticipated future earnings announcement of the organisation. The
company will eventually have a decline in its profits during the fiscal year, which will result in declining valuation of the organisation.
hence, the current decline in share price of the company relatively defected the future valuation of the organisation and the anticipation
of a declining profit. Thus, the change in share price is mainly estimated from the future progress and growth of the organisation, as
investor use different valuation models to detect the level of share price that is for the company. The decline in share price after the
announcement was mainly aggressive, which instigated wide spread panic among the investors. This is the main reason behind the
drastic fall in share price of JB Hi-Fi.

References:
Insert your references here, for example:
Asx.com.au. (2018). Asx.com.au. Retrieved 30 May 2018, from
https://www.asx.com.au/asx/share-price-research/company/JBH
Lee, Y. T., & Tong, W. H. (2018). The impact of reporting frequency on the information quality of share price: evidence
from Chinese state-owned enterprises. Frontiers of Business Research in China, 12(1), 9.
Xu, D., & Beck, C. (2017). Symbolic dynamics techniques for complex systems: Application to share price dynamics. EPL
(Europhysics Letters), 118(3), 30001.
Marker’s Comments: The marker will provide feedback here. Mark (10):
0
Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
Demonstrates a balanced and very
high level of detailed knowledge of
core concepts by providing a very
high level of analysis. Utilises
current, appropriate and credible
sources.
Demonstrates a balanced and high
level of knowledge of core
concepts by providing a high level
of analysis. Utilises mostly current,
appropriate and credible sources.
Demonstrates a good level of
knowledge of some of the core
concepts by providing some level
of analysis. Utilises some current,
appropriate and credible sources.
Demonstrates limited knowledge of
core concepts by providing a
limited level of analysis. Utilises
few current, appropriate and
credible sources.
Demonstrates little, if any,
knowledge of the core concepts
with extremely limited, if any,
analysis. Utilises little, if any,
current, appropriate and credible
sources.
Quality of writing at a very high
standard. Paragraphs are
coherently connected to each
other. Correct grammar, spelling
and punctuation.
Quality of writing is of a high
standard. Paragraphs are mostly
well structured. Few grammar,
spelling and punctuation mistakes.
Quality of writing is of a good
standard. Few grammar, spelling
and punctuation mistakes.
Some problems with sentence
structure and presentation
Frequent grammar, punctuation
and spelling mistakes. Use of
inappropriate language.
Quality of writing is at a very poor
standard so barely
understandable. Many spelling
mistakes. Little or no evidence of
proof reading.
The assessment presents a
detailed and focused summary of
the ideas presented; drawing clear
and well thought-out conclusions.
The assessment presents a fairly
detailed and focused summary of
the ideas presented; drawing fairly
clear and well thought-out
conclusions.
The assessment presents a
somewhat detailed and focused
summary of the ideas presented;
providing some evidence of
conclusions.
The assessment provides limited
detail with no clear summary of the
ideas presented; drawing limited
conclusions.
The assessment fails to provide
any clear evidence of the ideas
presented; drawing no clear
conclusions.

Question 4: Show how the Brunswik Lens Model might be used to explain an investor's decision about whether
to buy or sell shares in JB Hi-Fi following their downgrade “announcement”.
Answer: Under Brunswik Lens Model the decision made by the investors can be evaluated under different circumstances and cue,
which led to the decision of buying or selling the shares of JB hi fi. The evaluation directly indicates that under the Brunswik Lens
Model, all the relevant information that is provided by the organisation is a relatively evaluated by investors under scrutiny level
(Sahoo & Sahoo, 2017). This mainly helps in detecting the decisions that could be made by the investors regarding the selling or
buying of shares. the announcement conducted by JB hi fi regarding the decline in its profit during the fiscal year by 3% directly
indicated a massive production in profits of the organisation. the company has been portraying a loss during the previous fiscal years,
why the information regarding the loss of further 3% would directly indicate the revaluation condition of the organisation. According
to Brunswik Lens Model, the investors directly evaluated the announcement on different valuation models, which helped in detecting
the actual share value of the organisation. Therefore, the announcement was a major event which allowed the investors to make the
buying and selling of JB hi fi shares. According to the Brunswik Lens Model, investors seeing the decline in overall profit of JB hi fi
decided to reduce their exposure to the organisation. this drastic move was made due to the low returns that will be generated by the
company during the fiscal year. the anticipation of share value is a relatively based on valuation of company’s future growth and
prospects. Therefore, the changes in future growth rate of JB Hi-Fi directly nullified the current share valuation of the organisation and
instigated a massive selling of share (Kaminski & Sporer, 2018). This was mainly with this during the announcement by 10% of the
share value declined during a single day trade. Moreover, the continuation of the decline and share price was seen throughout the week
where the values of the company declined from 25.7 per share to 22.05 per share.
Hence, under the lens model it could be identified that investors are selling the shares of the organisation due to the low prospects.
Hamm & Yang (2017) stated that evaluation of investors decision regarding the share price valuation of the company is essential as the
organisation could detect the impact of the announcement on its overall valuation. On the contrary, Beckstead (2017) argued that
sometimes due to adverse situations investors panic and degrade the valuation of an organisation, which does not indicate the actual
decisions made by the investors regarding valuation of a particular company. According to Brunswik Lens Model, the investors am in
selling the shares of JB hi fi due to the low future prospects of the company. In addition, the situation and mood of the investor are
basically portraying then input for Brunswik Lens Model, where the reaction provided by the investors were adequate, as the massive
selling needs to be conducted due to the future drop in profit level.

References:
Insert your references here, for example:
Hamm, R. M., & Yang, H. (2017). Alternative lens model equations for dichotomous judgments about dichotomous criteria.
Journal of behavioral decision making, 30(2), 527-532.
Beckstead, J. W. (2017). The bifocal lens model and equation: Examining the linkage between clinical judgments and
decisions. Medical Decision Making, 37(1), 35-45.
Illingworth, D. A., Thomas, R. P., Rozga, A., & Smith, C. J. (2017, September). Cue Use in Distal Autism Spectrum
Assessment: A Lens Model Analysis of the Efficacy of Telehealth Technologies. In Proceedings of the Human Factors
and Ergonomics Society Annual Meeting (Vol. 61, No. 1, pp. 170-170). Sage CA: Los Angeles, CA: SAGE Publications.
Sahoo, F. M., & Sahoo, K. (2017). The perceived predictors of achievement in management students: An innovative use of
lens model. Journal of the Indian Academy of Applied Psychology, 43(1), 34.
Kaminski, K. S., & Sporer, S. L. (2018). Observer judgments of identification accuracy are affected by non‐valid cues: A
Brunswikian lens model analysis. European Journal of Social Psychology, 48(1), 47-61.
Marker’s Comments: The marker will provide feedback here. Mark (10):
0
Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
Demonstrates a balanced and very
high level of detailed knowledge of
core concepts by providing a very
high level of analysis. Utilises
current, appropriate and credible
sources.
Demonstrates a balanced and high
level of knowledge of core
concepts by providing a high level
of analysis. Utilises mostly current,
appropriate and credible sources.
Demonstrates a good level of
knowledge of some of the core
concepts by providing some level
of analysis. Utilises some current,
appropriate and credible sources.
Demonstrates limited knowledge of
core concepts by providing a
limited level of analysis. Utilises
few current, appropriate and
credible sources.
Demonstrates little, if any,
knowledge of the core concepts
with extremely limited, if any,
analysis. Utilises little, if any,
current, appropriate and credible
sources.
Quality of writing at a very high
standard. Paragraphs are
coherently connected to each
other. Correct grammar, spelling
and punctuation.
Quality of writing is of a high
standard. Paragraphs are mostly
well structured. Few grammar,
spelling and punctuation mistakes.
Quality of writing is of a good
standard. Few grammar, spelling
and punctuation mistakes.
Some problems with sentence
structure and presentation
Frequent grammar, punctuation
and spelling mistakes. Use of
inappropriate language.
Quality of writing is at a very poor
standard so barely
understandable. Many spelling
mistakes. Little or no evidence of
proof reading.

Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
The assessment presents a
detailed and focused summary of
the ideas presented; drawing clear
and well thought-out conclusions.
The assessment presents a fairly
detailed and focused summary of
the ideas presented; drawing fairly
clear and well thought-out
conclusions.
The assessment presents a
somewhat detailed and focused
summary of the ideas presented;
providing some evidence of
conclusions.
The assessment provides limited
detail with no clear summary of the
ideas presented; drawing limited
conclusions.
The assessment fails to provide
any clear evidence of the ideas
presented; drawing no clear
conclusions.

Question 5: Some academics have criticised the accounting profession for acting to legitimise the capitalist
system (supposedly by supporting the “haves” against the “have nots”. Indicate whether the case study
supports the critical view of accounting, or whether it doesn’t. Use the case study to support your answer.
Answer: After conducting the adequate evaluation it could be identified that the case study effectively supports the critical view of
accounting, where it helps legitimise the capitalist system currently used by the organisation. The case study directly indicates the
relevant changes in accounting vegetables that is adopted by organisations to support its capitalist system. In the case study, the
evaluation used by JB hi fi for disclosing all the relevant information regarding its future growth in a relevant conference is directly
indicating the ways of capitalist system. The company directly indicated that relevant measures used by the accounting professionals
help in drafting the future profits of an organisation. Therefore. it could be understood that the case study directly supports the critical
view of accounting, where Accountants are conducting relevant legitimate action to accommodate the capitalist system within the
organisation. The disclosure that was made by the company was a relatively considered as a capital system which indicate future
growth rate of an organisation. Accounting professionals has effectively been using the accounting system to legitimacy capitalist
measures used by organisations. The critical view of accounting directly indicates that accounting is effectively made to support
operational capability of the company well discarding any kind of ethical measures for minimising the impact of capitalist system. The
system relatively uses different types of measures such as depreciation tax lineage impairment loss and other valuation methods to help
capital system to maximize their profits while minimising any kind of cash outflow. The accounting profession has helped the capitalist
system to flourish and maximize its profitability, by providing them with different types of loopholes for supporting their actions.
Therefore, the measures used by JB hi fi while disclosing the decline in its profits for the fiscal year is relatively indicating the
measures that was taken by accounting profession for legitimizing the capitalist system. Moreover, from the evaluation it could also be
identified that the case study supports all the relevant actions of capitalist system, which is entitled to improve their profits in future.
this relatively supports the haves against the have nots, as big corporations able to generate higher rate of returns while poor people are
deprived of the facilities. In this context, Matthews (2017) stated that the finical crisis can be identified as the relevant measure used by
accounting professional for legalising the actions of capitalist, where the unethical measure led to the financial crisis and liquidated
financial market of the world.
Thus, under the valuation it could be understood that the company will not provide high level of return during the fiscal year, which
will directly have the negative impact on share price of the company. Therefore, the intention of the company was to minimise the
negative impact of the profit downgrade on its hare price, as it was supported by Bruce one of the investment bankers. This relevantly
indicates that accounting professional directly help the organisation in their use to legitimate the capitalist ways. Consequently, the
actions of the organisation are considered capitalist, where it focuses on maximising their profits (Kamla & Haque, 2017).

References:
Insert your references here, for example:
Alawattage, C., Wickramasinghe, D., & Uddin, S. (2017). Theorising management accounting practices in Less Developed
Countries. The Routledge Companion to Performance Management and Control.
Matthews, D. R. (2017). Accountants and the professional project. Accounting, Auditing & Accountability Journal, 30(2),
306-327.
Morales, J., & Sponem, S. (2017). You too can have a critical perspective! 25 years of Critical Perspectives on Accounting.
Critical Perspectives on Accounting, 43, 149-166.
Kamla, R., & Haque, F. (2017). Islamic accounting, neo-imperialism and identity staging: The Accounting and Auditing
Organization for Islamic Financial Institutions. Critical Perspectives on Accounting.
Lin, L. (2017). Institutional Problems for Chinese Environmental Accounting: Evidence from the Accounting Profession
(Doctoral dissertation, School of Management).
Marker’s Comments: The marker will provide feedback here. Mark (10):
0
Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
Demonstrates a balanced and very
high level of detailed knowledge of
core concepts by providing a very
high level of analysis. Utilises
current, appropriate and credible
sources.
Demonstrates a balanced and high
level of knowledge of core
concepts by providing a high level
of analysis. Utilises mostly current,
appropriate and credible sources.
Demonstrates a good level of
knowledge of some of the core
concepts by providing some level
of analysis. Utilises some current,
appropriate and credible sources.
Demonstrates limited knowledge of
core concepts by providing a
limited level of analysis. Utilises
few current, appropriate and
credible sources.
Demonstrates little, if any,
knowledge of the core concepts
with extremely limited, if any,
analysis. Utilises little, if any,
current, appropriate and credible
sources.
Quality of writing at a very high Quality of writing is of a high Quality of writing is of a good Some problems with sentence Quality of writing is at a very poor

Exceeds Expectations
(High Distinction) 85-100%
Exceeds Expectations
(Distinction) 75 - 84%
Meets Expectations
(Credit) 65 – 74%
Meets Expectations
(Pass) 50 – 64%
Below Expectations
(Fail) below 50%
standard. Paragraphs are
coherently connected to each
other. Correct grammar, spelling
and punctuation.
standard. Paragraphs are mostly
well structured. Few grammar,
spelling and punctuation mistakes.
standard. Few grammar, spelling
and punctuation mistakes.
structure and presentation
Frequent grammar, punctuation
and spelling mistakes. Use of
inappropriate language.
standard so barely
understandable. Many spelling
mistakes. Little or no evidence of
proof reading.
The assessment presents a
detailed and focused summary of
the ideas presented; drawing clear
and well thought-out conclusions.
The assessment presents a fairly
detailed and focused summary of
the ideas presented; drawing fairly
clear and well thought-out
conclusions.
The assessment presents a
somewhat detailed and focused
summary of the ideas presented;
providing some evidence of
conclusions.
The assessment provides limited
detail with no clear summary of the
ideas presented; drawing limited
conclusions.
The assessment fails to provide
any clear evidence of the ideas
presented; drawing no clear
conclusions.