Reference no: EM132636023
ACCM4300 Financial Reporting - Kaplan Business School
Select Asx listed company is AIZ
Required:
Part (A) - Write a memorandum to the Board of Directors (the members of the Board have varying degrees of accounting knowledge or understanding) as noted in the assignment details. The MEMO should be no more than 1000 words.
Part (B) - Summarise your findings in a 4-5 minutes' video presentation.
Note that marks are also allocated for professional presentation, grammar, and spelling.
Details of the Assignment
Select Company:
You will select a set of Financial Report of an ASX Listed Company and obtain approval from your lecturer for the Group of Companies that you have selected. Please note that no two individuals may work on the same Group of Companies, so if another individual has already registered their interest in a particular Group of Companies, you will be advised to select a different Group of Companies.
Read the Annual Report including the financial statements of the Group and write a Memorandum to the Board of Directors clearly explaining some of the technical aspects of consolidation. Make sure you draw on the company's specific details to explain the intricacies of consolidation to the Board and as much as possible avoid answering in general terms.
Please make sure that your assignment is in a MEMO Format - A Report format will not be marked. The assignment must have at least 5 references.
Some of the aspects that you need to cover in your assignment are (but not restricted to):
1. Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a separate legal entity in its own right?
2. Does the published set of group financial statements reveal the company's policy on corporate governance, Audit committees, Sustainability, Solvency? Does it reveal these issues and if so where and why?
3. Has there been any goodwill on the acquisition? Or any gain on bargain purchase?
Where would you find it in the financial statements and what does it mean? Any impairment?
4. Any other relevant matter that you may wish the Board of Directors to make note of in respect of some transaction or event, the balance of account or disclosure that will assist them in understanding the financial statements of the group.
Attachment:- Financial Reporting.rar
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