Reference no: EM132381586 , Length: word count:1600

ACC/ACF5903 Accounting For Business Assignment - Critical Use of Accounting Information, SEMESTER 2, 2019 - Monash University,  Australia

The objective of this task is to gain experience critically interpreting accounting information in order to make judgements.

This assignment aims to allow you to demonstrate that you can (i) identify limitations of accounting information and (ii) think about how the limitations affect judgements about an aspect of company performance.

You will be assigned a pair of Australian listed companies that operate within the same industry as the case for this assignment. Your pair of companies will be notified to you via email no later than Week 2. As this is an individual assignment, each student will receive a different pair of companies.

Requirements -

The major requirement is to submit an essay by the due date noted above. However, students have the opportunity to earn bonus marks of up to an additional 10% of the marks available for the assignment and gain feedback and assistance that will help them perform the assignment to a higher standard. This opportunity is in the form of preparing a poster and presenting it during tutorials. Details of both these aspects, the poster and the essay, follow:

A. Tutorial Poster -

Requirements:

Create an electronic poster (single page photo or PowerPoint slide).

That shows 6 to 8 of the more critical resources the companies use to earn revenue and hence make profit.

Explain the poster in your tutorial (maximum 60 seconds).

Note:

• Make sure the poster identifies the companies and the industry they are in
• Accounting information is NOT wanted for this exercise.
• Email the file (with your ID as the file name) to your tutor prior to the tutorial (or your tutor may choose to have you save it to their USB when you arrive at the tutorial). Your tutor will confirm arrangements in this respect.

B. Essay

You must answer each of the following four requirements in sequence:

a) Compare and contrast how the two companies use resources to generate wealth;

b) Using accounting data from the Morningstar reports, evaluate and compare the two companies' Return on Asset performances for the years ending 2016, 2017 and 2018;

c) Compare three of the accounting policies chosen by the two companies in 2018 that differ and discuss how these might affect the comparison of ROA in (b);

d) Discuss the limitations of accounting information in assisting decisions about how well your pair of companies use their resources to generate wealth.

Word limit: 1,600 words (not including data presented in tables or attachments).

Attachment:- Accounting For Business Assignment Files.rar