Reference no: EM132309740
Learning Outcomes
To demonstrate knowledge of broad business principles with depth of understanding of at least one business discipline.
To develop effective oral and written communication skills.
To develop the skills to demonstrate a broad understanding of business principles and demonstrate depth in at least one discipline.
To develop the skills to allow the acquisition and synthesising of information within a complex professional setting.
To develop and apply skills in critical thinking, complex problem solving and decision making.
To develop and apply knowledge of the social, economic, ethical and cultural contexts of business.
To develop and apply an understanding of independent as well as group learning.
Unit Learning Outcomes
a) Demonstrate an understanding of the accounting environment.
b) Show an ability to apply accounting vocabulary, principles and concepts.
c) Analyse transactions and prepare journals, ledgers and worksheets, and a Trial Balance.
d) Prepare general purpose financial statements.
e) Analyse, record, and report Current and non-current assets.
f) Distinguish between current and non-current liabilities, provisions and contingencies.
Assessment Task:
Assessment purpose
The assignment is designed to enhance students' skills in the preparation of simple financial statements, business transaction journalising as well as the implementation of an internal control system in a business. Standards of ethical conduct is also presented to facilitate students' discussion.
ASSESSMENT DESCRIPTION:
Students are required to work in a group of 2 - 4 students in the performance of this assignment. Students must register for their group with the lecturer during the first three weeks of the trimester and are not allowed to change group members afterward.
1 Selection of ASX listed company
Selecting the latest year annual report of the company
Providing brief of the company
2 Selection & comments on the dominating section in annual report
3 A brief summary of director's report from director's report section
4 Provide a brief summary of auditor's report after referring the auditor's report section.
5 Comments on change in sales(increase/decrease) along with reasons
6 Comment on change in cash flow from opeating activities
Change in cash flow from operating activities in numbers/ percantage
7 Comment on retained profits/ loans and debentures
8 Calculation of various ratios
Conclusion
Attachment:- Assessment Brief.rar