Discuss complex contemporary financial accounting issues

Reference no: EM132514863 , Length: word count:2000

Learning Outcome 1: Evaluate and discuss whether information provided in financial reports is useful to investors and creditors.

Learning Outcome 2: Research, analyse and discuss complex contemporary financial accounting issues, formulate well-reasoned and coherent arguments and reach well- considered conclusions in relation to those issues.

Instructions

The fourth edition of the Australian Securities Exchange (ASX) Corporate Governance Principles and Recommendations came into effect on 1st January 2020. Among other things, the fourth edition includes a number of changes with respect to the role and responsibilities of the board of directors.

Your task is to write a report to the chief executive officer (CEO) of a small ASX-listed company for which you hypothetically work. In preparing this report, you are required to complete the following:
• Explain the changes, with respect to the role and responsibilities of the board of directors, between the third and fourth versions of the ASX Corporate Governance Principles and Recommendations.
• Conduct a brief literature review on whether and, if so, how board characteristics affect the performance of listed companies. To do this, you will need to provide evidence (not restricted to Australia) from at least three (3) scholarly journal articles from journals listed on the Australian Business Deans Council (ABDC*) index.
• You will be randomly allocated fifteen (15) ASX-listed companies for which you will need to collect data. Using the Connect4 Boardroom database (access available via the Swinburne Library website), download data relating to three (3) board characteristics of your choice for the years 2009 to 2018 inclusive.
• Use Excel's regression analysis tool** to examine the association between the chosen board characteristics and firm performance. You may use return on assets (ROA), return on equity (ROE) or any other performance indicator. Appropriate control variables (i.e. other factors that influence performance) should be also be included in the regression.

• Discuss whether the results of your regression analysis support the literature or not, providing justification where appropriate.

• In concluding your report, write a recommendation to the CEO whether or not you think your company should comply with the change, or why it should not comply and provide a reason.

The Analysis ToolPak add-in will need to be enabled in Excel via File > Options> Add-ins. Supporting videos on how to use Excel for this assignment have been uploaded to Canvas under the assignment folder.

Attachment:- Accounting.rar

Reference no: EM132514863

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