Case study on accounting and supporting systems

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Reference no: EM132002391

LEARNING OUTCOMES

In this unit, the student develops analytical skills and technical knowledge to assimilate information, develop useful information for the management and internal stakeholders of an organisation with a view to enhance customer and stakeholder value.

At the completion of this unit a student should be able to:

LO1 Evaluate the ways users of financial information use financial information for decision making in business.

LO2 Understand the regulatory framework, corporate governance, professional judgement and management accounting.

LO3 Explain the process of business plans and how they are developed based on cost- volume-profit analysis and budgeting.

LO4 Analyse financial reports, profitability, liquidity and long-term solvency information.

LO5 Describe the way issues of sustainability impact the decision making of management accountants.

CONTENT

Topics will include:

1. Role of accounting and bookkeeping
2. Financial statements: accounting concepts and assumptions
3. Ethics in profession and in business - case studies
4. The accounting system its concepts, structures, and applications
5. Cash flows, Cash management and control
6. Accounting for depreciation and Accruals
7. Financial statement analysis
8. Introduction to management accounting
9. Break evens and Cost-volume- profit analysis
10. Budgeting and Planning
11. Capital budgeting and investment decision making
12. Accounting for sustainability

Case Study on Accounting and supporting systems for business

Students will be given a case study on various businesses (to select one) and will be required to study and make recommendations on accounting approach and supporting systems to use.

Students will be required to do the assignment in groups (3 or 4 students) and will be required to submit their work.

Required:

This assignment is to be completed in groups and submitted on Moodle by Week 5. Late submissions would have marks deducted according to Stott's College policy. This is to encourage students to work on group basis, as it is a reality in the professional working environment. Students should prepare the assignment as an essay with a clear introduction and conclusion. All sources should be referenced using the style prescribed in APA 6th edition. All work should be the students own and any plagiarism will result in a nil grade and a notice being sent to the Course coordinator.

Financial Statements Analysis

Using the same groups from assignment 1, students will be required to analyse a set of financial statements within a given scenario. Using ratio analysis students will be required to interpret the results and offer suggestions and solutions to the problems identified in the given scenario. The format of your report will be discussed in greater detail during tutorials.

PRESCRIBED TEXTS: Hoggett J., Medlin, M J., Edwards, L., Tilling, M. and Hogg E. (2015), Accounting (9th Edition), John Wiley & Sons Australia.

Reference no: EM132002391

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Reviews

len2002391

5/31/2018 2:05:43 AM

Demonstrate the application of relevant theory to the case problem by appropriate interpretation of ratio analysis to make appropriate decisions An extensive analysis developed, reflecting in depth interpretation and application to derive solutions to the case study. Clear decision-making capability. A strong analysis developed, reflecting good interpretation and application to derive solutions to the case study. Clear decision-making capability. A good analysis developed, reflecting some knowledge and application to derive solutions to the case study. Some good decisions able to be made. Analysis is fairly developed, reflecting a general understanding and limited application to derive solutions to the case study. Some inconclusive or incorrect decisions. Analysis is not well developed, not reflecting insufficient knowledge of ratio analysis. No clear decisions demonstrated. 5

len2002391

5/31/2018 2:05:37 AM

Analysis of the case problem, the topic and ratio analysis Shows a deep understanding of accounting ratios and their calculations Shows a good understanding of accounting ratios and their calculations Shows more than basic understanding of accounting ratios and their calculations Shows a basic understanding of accounting ratios and their calculations Shows poor, insufficient understanding of accounting ratios and their calculations 5

len2002391

5/31/2018 2:05:32 AM

Criteria High Distinction 80% - 100% Distinction 70%- 79% Credit 60-69% Pass 50-59% Fail 0-49% Max. Mark Level of understanding of Accounting concepts and literature Provides accurate and well-developed explanations of Accounting Concepts and drawing on most relevant literature Provides more than reasonable explanations of Accounting Concepts and drawing on relevant literature Explanations of Accounting Concepts and are generally accurate and complete, often cites the relevant literature. Explanations of Accounting Concepts and are not always accurate and sometimes incomplete, or sometimes cites the relevant literature. Explanations of Accounting Concepts and are inaccurate or incomplete, does not cite the relevant literature. 5

len2002391

5/31/2018 2:04:59 AM

Referencing: Student has used referencing system clearly and accurately The APA referencing system has been clearly and accurately used and all sources are correctly cited in the report. The APA referencing system has been used clearly and accurately to record cited sources in the report The APA referencing system has been used to record cited sources in the report but have made some sources incorrectly cited. The APA referencing system has been used to record cited sources in the report but have made some major errors in these citations. The APA system has not been used to record cited sources in the report and/or not all sources are cited and/or no list of references and/or there is serious error in the construction of this list. 0.5

len2002391

5/31/2018 2:04:54 AM

Academic writing: The answer is easy to understand and follow The report is professionally presented, and all grammar and punctuation are correct. All grammar and punctuation are correct. Most of the grammar and punctuation are correct There are some errors in grammar and punctuation. The report is not engaging and/or is not easy to read. A major improvement in the report is needed. There are too many errors in grammar and punctuation. The report style is not easy to read. 0.5

len2002391

5/31/2018 2:04:48 AM

Demonstrate the application of relevant theory to the case problem to make appropriate decisions An extensive analysis developed, reflecting in depth interpretation and application to derive solutions to the case study. Clear decision-making capability. A strong analysis developed, reflecting good interpretation and application to derive solutions to the case study. Clear decision-making capability. A good analysis developed, reflecting some knowledge and application to derive solutions to the case study. Some good decisions able to be made. Analysis is fairly developed, reflecting a general understanding and limited application to derive solutions to the case study. Some inconclusive or incorrect decisions. Analysis is not well developed, not reflecting insufficient knowledge of ratio analysis. No clear decisions demonstrated. 4

len2002391

5/31/2018 2:04:41 AM

Analysis of the case problem Shows a deep understanding of decision making/ethical issues Shows a good understanding of decision making/ethical issues Shows more than basic understanding of decision making/ethical issues Shows a basic understanding of decision making/ethical issues Shows poor, insufficient understanding of decision making/ethical issues 4

len2002391

5/31/2018 2:04:33 AM

Criteria High Distinction 80% - 100% Distinction 70%- 79% Credit 60-69% Pass 50-59% Fail 0-49% Max. Mark Actual Mark Level of understanding of Accounting concepts and literature Provides accurate and well-developed explanations of Accounting Concepts and drawing on most relevant literature Provides more than reasonable explanations of Accounting Concepts and drawing on relevant literature Explanations of Accounting Concepts and are generally accurate and complete, often cites the relevant literature. Explanations of Accounting Concepts and are not always accurate and sometimes incomplete, or sometimes cites the relevant literature. Explanations of Accounting Concepts and are inaccurate or incomplete, does not cite the relevant literature. 1

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