BUACC1508 Accounting and Finance: Billabong Group Assignment Report

This group assignment for BUACC1508 at Federation University requires students to analyze the financial performance of Billabong Limited using its 2016, 2017, and 2018 (half-year) annual reports. The assignment involves calculating and interpreting various financial ratios related to profitability, efficiency, liquidity, gearing, and investment performance. Students are to present their findings in a written report, including an executive summary, background, analysis of key ratios, conclusions, and recommendations for both the company's management and potential investors. The report should identify and explain significant changes in Billabong's financial performance over the specified period and must adhere to specific formatting, referencing, and presentation guidelines, including the use of APA style for referencing and a detailed appendix with ratio calculations. The assignment aims to consolidate students' accounting knowledge and cooperative work skills.

FEDERATION BUSINESS SCHOOL
BUACC1508 ACCOUNTING AND FINANCE
ASSESSMENT TASK 2: GROUP ASSIGNMENT
1. GENERAL INFORMATION
As per the Course Description, this assignment constitutes 30 per cent of the total assessment in
this course and is due week ten of semester on Monday at 9:30am. Submission will be electronic
copy via the assignment submission drop-box under the Assessment tab in Moodle. Only one copy
of the assignment is to be submitted per group. Students are also required to provide a single copy
of the group assignment directly to the lecturer at the beginning of the BUACC1508 lecture held in
week 10.
2. PURPOSE
Course BUACC1508 is concerned primarily with the use of accounting information. The main
purpose of this assignment is to provide students with the opportunity to apply the knowledge and
skills acquired during the semester to a practical task involving the use of ‘real-world’ accounting
information. In particular this will enable you to gain insights into and information about the
business of Billabong Limited, a merchandiser of surfwear and other outdoor action clothing, using
the published financial statements of the company as your primary data source. This is intended to
consolidate students’ accounting knowledge and skills. Students are required to complete the
assignment in groups of three or four and 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 REQUIREMENTS
Students are to organise themselves into groups of three or four to complete the assignment and
do not have automatic entitlement to adopt some other arrangement (such as completing the
assignment individually or in a larger group). Students who have difficulty finding a partner or who
encounter other difficulties (for example, their partner withdraws from the course) should consult
the Course Coordinator. There is no requirement that your partner be from the same tutorial
group 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 the
company’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 annual
reporte contain comparative data for the previous year’s results. The assignment will contain two
main elements:
SCHEDULE(S) OF RELEVANT RATIOS AND OTHER USEFUL CALCULATIONS
The schedule(s) of relevant ratios and other useful calculations should be incorporated in one or
more appendices. Ratios and other calculations should be presented so as to facilitate comparison
between 2016, 2017 and 2018 (half-year) data. Students are advised to show the calculations used
in determining particular ratios and other figures.

A WRITTEN REPORT
The written report should:
 Explain briefly what is revealed by the ratios and other calculations 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.
 Provide an overall assessment of the company from the perspective of existing and potential
equity investors (shareholders).
The assignment is to comply with the University’s General Guide to Writing and Study Skills and
General Guide to Referencing and the written report is not to exceed 2,500 words (excluding the
Executive Summaryand calculations which are to be incorporated in an appendix). Students are
required to use the ‘APA system’ for the acknowledgment of sources. In order to help ensure that
assignments 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 sources
other 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 is
expected that the annual report provided will be the primary resource relied upon in completing
the assignment. Students are expected to obtain relevant share price data for the company so that
investment ratios (such as a dividend yield ratio) can be calculated. (It is recommended that
students obtain the company’s share price as at 30 June 2016, 30 June 2017 and 31 December
2017 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 no
circumstances are students to make direct personal contact with the company or its officers (for
example by telephone, fax, letter or email) in an attempt to gather further information.
4. SUGGESTED REPORT FORMAT AND APPROACH
SECTIONS IN REPORT:
Complete assignment in appropriate report format. Suggested report structure and headings:
I. TITLE PAGE
Your title or cover page needs to convey the main information about your assignment. It must
look professional and include:
 The Course Code and Name:
 The title of the assessment task:
 Name of the Course-Coordinator and of your tutor
 Trimester, year and date of submission
II. TABLE OF CONTENTS
The Table of Contents (TOC) provides the outline of your report to the marker/reader. It is the first
indication that you have addressed key issues and carefully planned you work. Your TOC should
look well laid out as if it is the TOC in a book. Use numbering for major and minor headings where
appropriate and include page numbers. You can use an extra page to detail illustrations or tables if
it is appropriate.
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III. EXECUTIVE SUMMARY
The Executive Summary should give an overview of your report to a busy executive who does not
have time to read it in full. It should:
 convey the purpose of the report,
 give a summary of key themes, ideas or findings (sub headings‐ may be used),
 provide abridged recommendations.
The Executive Summary should not exceed 150 words. The words in the Executive Summary are
not included as part of the final word count.
IV. BACKGROUND: COMPANY OVERVIEW
V. ANALYSIS
The main body of the report should include a discussion of what is revealed by the ratios and other
calculations 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:
 Profitability
 Efficiency
 Liquidity
 Gearing (Leverage)
 Investment Ratios
VI. CONCLUSIONS AND FINDINGS
The Conclusion is your evaluation or summary of the major points and key findings as discussed in
the Body of the report. The Conclusion should always be concise and must not contain any new
information. It should not require a substantial number of words to draw information together and
summarise what you have found.
VII. RECOMMENDATIONS
Your recommendations are the culmination of all your work and should deliver a well rounded and‐
thoughtful ending to your research. The material in the body of your report provides the basis for
your 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 the
best decision(s) to make, or course(s) of action to follow, based on your research and critical
analysis.
For this assignment your recommendations should be directed towards both the internal
management/directors of the company and also existing and potential external equity investors.
VIII. APPENDIXES
The appendix must contain a one page summary in table format of the results of your ratio
calculations. This summary of your ratio results should be followed by the actual ratio calculations
and workings. Footnotes should also be used in your appendix to justify any values you have used
in 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. REFERENCES
This must contain full details all sources referred to or cited in the report, using the Federation
University author date (APA) style.‐
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ANALYSIS APPROACH
In particular, any important changes from 2016 to 2018 (half-year) should be identified, discussed
and, where possible, explained. This may include amongst other aspects discussion and analysis of:
 Key results/trends from the ratio calculations
 Implications of your findings on the various
 Possible reasons and explanations behind the company’s fianacial performance and
results
 Strategic implications for the company
 Strategies to improve the companies financial performance and results and also
improve investor (shareholder/member) confidence
5. PRESENTATION AND REFERENCING
PRESENTATION
The ‘Presentation check-list’ (see attached appendix) indicates the requirements and expected
standards concerning presentation. An assignment that complies with the guidelines highlighted in
this check-list would normally be expected to achieve the required presentation standard (see
assessment criteria below). If further guidance is required, students should refer to the General
Guide to Writing and Study Skills and General Guide to Referencing
REFERENCING
The link to the library website for more information is: Fed Uni Library Referencing
If additional clarification is necessary, students should discuss the matter with the staff member
responsible for conducting their tutorial.
6. ASSESSMENT CRITERIA
In assessing submitted assignments consideration will be given to:
 Overall neatness, completeness and quality of presentation.
Degree level students are expected to achieve a satisfactory standard with respect to this
criterion as a matter of course and for this reason no credit will be granted for achieving it.
However, assignments that fail to achieve the minimum standard in connection with this
criterion will be penalised. The expected standard concerning this criterion is contained in the
attached ‘Presentation check-list’.
 Timeliness of submission.
Degree level students are expected to be able to meet reasonable deadlines for the submission
of assessable work as a matter of course. For this reason no credit will be given for submitting
the assignment by the due date. Assessment tasks submitted after the due date, without prior
approval/arrangement, will be penalised at 10% of the available marks per day. Requests for
extension of time must be made with the lecturer concerned and based on Special
Consideration guidelines
https://federation.edu.au/current-students/essential-info/administration/special-consideration
 Demonstrated skill in identifying and calculating relevant ratios and other indicators of
profitability, efficiency, liquidity, gearing (leverage), and investment performance.
This criterion relates specifically to the requirement to prepare a schedule (or schedules) of
relevant ratios and other calculations and carries a weighting of 12 marks out of the 30 available
for the assignment.
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 Demonstrated understanding of financial reports and ratios and other indicators of
profitability, efficiency, liquidity, gearing (leverage), and investment performance.
This criterion relates specifically to the requirement to submit a written report and carries a
weighting of 18 marks out of the 30 available for the whole assignment. Written reports in
excess of 2,500 words will be penalised.
A single copy (only) of the assignment should be submitted, for which the students who prepared
it will usually receive the same mark. This is based on the expectation that each student will have
contributed equally to the preparation of the assignment. Where this expectation has not been
satisfied separate marks may be allocated.
Selected students may be invited to discuss their assignment with the person responsible for
marking it. This discussion will only be taken into account in marking assignments where it
provides evidence that the integrity of students’ work has been compromised. This may, for
example, be evidenced by students being unable to explain the meaning of their assignment, being
unable to explain why certain information has been included and so on.
7. PLAGIARISM
Plagiarism is the presentation of the expressed thought or work of another person as though it is
one's own without properly acknowledging that person.
Students must not allow other students to copy their work and must take care to safeguard against
this happening. In cases of copying, normally all students involved will be penalised equally; an
exception will be if the student can demonstrate the work is their own and they took reasonable
care to safeguard against copying.
Plagiarism is a serious offence. Please refer to the following documents:
 Statute 6.1: Student Discipline
 Regulation 6.1: Student Discipline
 Regulation 6.1.1: Plagiarism
APPENDIX: PRESENTATION CHECK-LIST
As indicated above, the assignment for BUACC1508 is to be presented in accordance with the
University’s General Guide to Writing and Study Skills and General Guide to Referencing. To assist
students in achieving the required standard the following check-list is provided.
It is highly recommended that students read through the following items before they commence
work on the assignment so that they have a general understanding of what is expected concerning
presentation. An assignment that complies with the guidelines highlighted in this check-list would
normally be expected to achieve the required presentation standard (see the assessment criteria
above).
Prior to submitting their assignments students should read carefully through the following
statements and tick the ‘Completed’ box for each item only when they are satisfied that their
assignment meets the specified presentation standard.
Section references are to the University’s General Guide for the Presentation of Academic Work
(revised edition, 2014). All students should ensure that they have a copy of this document before
commencing work on the assignment.
Completed
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1. We have read the General Guide to Writing and Study Skills and General Guide
to Referencing and understand why the proper presentation of academic work
is important. 
2. We have read and understood the section dealing with plagiarism. 
3. We have read the section concerning ‘Layout an appearance’ and complied
with its guidelines. Please note that ‘1.5’ or ‘double’ spacing is required for
the written sections of this assignment. 
4. Our assignment has a title page that contains the information specified in the
‘Title page or cover sheet’ section (and includes the BUACC1508 tutorial group
of each student). 
5. Our assignment has an abstract (or synopsis or summary) prepared in
accordance with the instructions contained in the ‘Reports’ section. 
Note: As per p.36, the abstract follows immediately after the title page and
‘should summarise or précis the content of the work’. Note that the abstract
or synopsis should not simply be a restatement of the topic, nor a table of
contents in prose form.
6. If our assignment contains a table of contents, it has been prepared in
accordance with the General Guide to Writing and Study Skills. 
7. If our assignment contains appendices, they have been prepared in
accordance with the General Guide to Writing and Study Skills. 
9. We have read the General Guide to Referencing and understand the
importance of properly acknowledging the use of other writers’ works. For
this assignment the APA system is required to be used. 
10. We have read the General Guide to Referencing which deals with the APA
citation style, and used the APA system in our assignment. 
Note: In an assignment of this nature the need to acknowledge sources by
‘author-date’ references may be limited. This is on account of the technical
knowledge and skills required to complete the assignment being taught as
part of the course content. However, where students quote or use ideas from
a particular source (for example, a newspaper article or a textbook) this
should be acknowledged. Some judgement is needed in this matter. For
example, if a current ratio is calculated there is no need to acknowledge the
source of the formula used since the current ratio forms part of general
accounting knowledge. However, if a particular author is quoted, or a
particular author’s ideas concerning, for example, an appropriate current
ratio, are used, then an acknowledgment using an ‘author-date’ reference
(see examples in the General Guide to Referencing) will be required. The
proper acknowledgment of sources is very important in academic work and it
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is worth investing some time in learning to do it correctly, as the benefit will
be enduring.
11. Our assignment contains a reference list prepared in accordance with the
General Guide to Referencing. 
12. We have carefully proofread our assignment prior to submitting it. (Simply
running the assignment through a spell-checker, while helpful, is not a
substitute for a careful proofreading). When proofreading our assignment we
endeavoured to identify and correct all spelling, punctuation, grammatical and
other similar errors. 
13. We understand that the staff member(s) responsible for taking our tutorials
is(are) available to answer questions relating to the presentation of our
assignment. If we were uncertain of how to achieve the proper presentation
standard we asked a staff member for advice. 
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