Reference no: EM13136892

Question: 
Discuss the usefulness of the Balance Sheet for decision making. What types of decisions (and by whom) are made using data obtained from the Balance Sheet. Provide examples of the different measurement bases used by Qantas and AirAsia and discuss how this system assists or hinders an accurate assessment of the net worth of the respective companies. 
Is it appropriate that each of the individual assets are added together even though they are most likely measured using different bases? 

Marking guidelines: 
Headings Marks 
Abstract 3 
Usefulness of balance sheet 4 
Types of decision 7 
Measurement bases 7 
- Qantas 
- Air Asia

Discuss how different measurement bases assist or hinder an accurate assessment 7 
Is it appropriate to use different measurement bases 5 
Concept map 3 

References, Grammar, Spelling, Cohesion/English expression, Compliance with the required format (font, line spacing, alignment and page number), appropriate heading 4 

Guidelines to complete the assignment 

Tasks for Weeks 1 - 2 are: 
1. Find another student to work with on this assignment. As you will be producing this report together and sharing the mark, you should make sure that you are able to meet regularly with your chosen partner and that you are confident that each of you can contribute equitably to the completion of the task. You must choose a partner from the same tutorial group that you attend. 
2. Organise to meet with your partner and read through the assignment materials available in the Unit of Study Guide and Web Ct and discuss what is required. Make sure you understand what needs to be done for the assignment, the due dates etc. If you have any questions post them in the Discussion space provided in Web Ct. 
3. Begin work on how you intend to collaboratively approach defining the problem for this task. 

Tasks for Weeks 5- 6 are: 

1. At this stage you should be in a position to evaluate your research findings and conclusions in light of your research on the topic. You need to revisit your concept map and update it. 
2. Attach the concept map to your assignment. 

Tasks for week 7 and week 8 

Week 7 
1. Complete a draft of the assignment and 
2. Have the assignment checked for grammar/spelling/cohesion with the writing assistance available at VU. 
3. Submit the assignment to Turnitin 
4. Make all the necessary adjustment and finalise the draft. 

Week 8 
1. The final copy of the assignment must be submitted to the Turnitin 24 hours before the due date to avoid any delay in obtaining the similarity report. 
2. Submit the hard copy of the assignment in week 8 lecture. 
3. Both the hard copy and the Turnitin submission must contain: 
a. College of Business Assessment declaration form: completed and signed by all the partners (for hard copy only) 
b. The assignment front cover sheet 
c. The assignment with the reference list 
d. A copy of the concept map 
e. Reflective notes 

How you structure the assignment is up to you. We are looking for innovative ways of putting your arguments across, rather than reading the same/similar responses across approx. 400 students!