COIT20262 – Advanced Network Security, Term 2, 2016
Assignment 1
Due date: 5pm Friday 26 August 2016 (Week 6) ASSESSMENT
Weighting: 40%
Length: N/A 1
Note: Attempt all questions
Assignment Submission
Your assignment must be in Microsoft Word format, and must be submitted electronically by the due date via the Moodle website.
Question 1 – Protocol Analysis with Wireshark [8 marks]
Objective: gain a good understanding of common Internet protocols as well as using packet capture software (Wireshark).
The file a01-assignment-1-question-1-capture.pcap on Moodle contains packets captured in an exchange between several computers. Use the file to answer the following subquestions. Some sub-questions refer to only a specific set of packets in the capture.
a) [3 marks] Considering all the packets in the file, draw a message sequence diagram that illustrates the packets. A message sequence diagram uses vertical lines to represent events that happen at a computer over time (time is increasing as the line goes down). Addresses of the computers/software are given at the top of the vertical lines. Horizontal or sloped arrows are used to show messages (packets) being sent between computers. Each arrow should be labelled with the protocol, packet type and important information of the message. An example of a portion of the message sequence diagram for packets 6 and 7 are shown below. You must draw a diagram that shows all packets.
Hints:
– The packet times do not need to be shown, and the diagram does not have to be scale.
– The example shows vertical lines representing two computers. You may need another vertical line.
Figure 1: Example message sequence diagram for packets 6 and 7
b) [5 marks] For the following sets of packets from the capture, give a short explanation of their purpose/meaning. For example, why were they sent? Which computer sent them? To which computer(s) did they send them to? What is the important information in each packet? What is achieved from the packet exchange?
i. Packets 1 and 2
ii. Packets 3, 4 and 5
iii. Packets 6, 7, 8 and 9 iv. Packets 10 and 11
v. Packets 12, 13 and 14
Marking Scheme
Note: in this assignment the marking scheme gives indicators of what you need to achieve to receive full or partial marks. Although usually only whole partial marks are listed, half (0.5) marks may be given when appropriate.
a) A diagram is illustrated with correct order of packets and clearly labelled protocol, type and any relevant information for each packet.
– 3 marks: the given diagram shows all packets, clearly and correctly labelled.
– 2 marks: mostly correct but some minor mistakes
– 1 mark: several mistakes that indicate partial understanding of how it works.
– 0 marks: many mistakes that indicate not understanding how it works, or not attempted.
b) 1 mark per description. 1 mark if clear explanation of meaning of packets; 0.5 mark if some mistakes or misunderstandings; 0 marks if wrong understanding of packets, wrong packets described or many mistakes.
Question 2 Application Attacks [14 marks]
Objective: be able to interpret packet captures and identify security weaknesses in web applications.
You have performed a man-in-the-middle attack allowing you to capture packets between two computers. The two computers are named/addressed as follows:
• Web Browser computer: 192.168.1.11
• Web Server computer: 192.168.2.21
The website is a university grading system: students and staff can log in and view grades of courses they are involved with (staff or admin users can also edit grades). Students should not be able to view other students’ grades, nor edit grades.
The packets you captured are in file a01-assignment-1-question-2-capture.pcap (on Moodle). They involve a student, with student ID 5012345678, on the web browser computer using the grading website. Unfortunately (for you) the actual login packets were encrypted (using HTTPS) and therefore are not included in the file. Only the packets from after the login are in the file.
By using only the file a01-assignment-1-question-2-capture.pcap and the information in this question, answer the following sub-questions.
a) [3 marks] Describe the actions of the student using the web browser. That is, give the links they clicked on (or typed in), the exact time when they clicked on it (relative to the first packet captured), any parameters or form fields they filled in, and what was displayed on their web browser as a result. You may give your answer as a list, for example:
– At time 0.0 the student clicked on link … . As a result they were shown a webpage that welcomed them, had a link to “View grades”, “Logout” and to several help pages.
– At time …
b) [2 marks] List all information you know about the student’s computer (including addresses and software it uses). For each item of information, explain where you found the item in the capture. For example, one item of information is the IP address:
– The student’s computer has IP address 192.168.1.11 as identified in the IP header of each packet.
– The student’s computer …
c) [3 marks] Explain how you could use the captured packets to perform an attack that allows you to login as the student. In your answer, refer to the packets (and information in them) that allow the attack and give a general explanation of how to perform the attack.
d) [1 mark] Regarding the attack in the part (c), check if your favourite web browser allows you to perform the attack. If so, explain what to do with that browser (e.g. “In Mozilla Firefox on Windows 8.1, open the File menu and select …”). If not, then explain other software/techniques you could use to perform the attack (e.g. “On Windows 8.1 install the software … and then …”). Don’t forget to include the name of your favourite browser in the answer. Note that you do not have to perform the steps – you only need to find out what they are.
e) [3 marks] Now assume you have also obtained (through other means) the source code of the file view.php in the grades directory on the web server. The file is on Moodle and renamed as a01-assignment-1-question-2-view.php. Assuming your attack from part (c) was successful and you are currently logged in as student 5012345678, explain a different attack you can perform to view the grades of other students. In your answer, explain what you would do to perform the attack and which lines of code in view.php you take advantage of for the attack. Note that you can’t use the same attack as part (c); your attack should make use of view.php.
f) [2 marks] Regarding the attack in part (d), explain how view.php could be modified such that the attack would be unsuccessful.
Marking Scheme
a) 3 marks if all actions listed, and each action includes the time and clear description of what the user did and what they saw on their browser. 2 marks if minor mistakes for 1 or 2 of the actions. 1 marks if mistakes for more than 2 actions. 0 marks if most or all actions are wrong.
b) 2 marks if all items are listed (including where they were found); 1 marks if 1 item is missing or 1 item has incorrect description. 0 marks if more than 1 item missing or more than 1 item has incorrect description.
c) 3 marks if clear description of attack, including reference to packets and how it is performed. 2 marks if some minor misunderstandings or missing information. 1 mark if multiple misunderstandings or unclear description of attack. 0 marks if incorrect attack or description.
d) 1 mark if provide a method of performing attack. 0 marks if method is wrong or has insufficient details (e.g. does not refer to specific software/techniques).
e) 3 marks if clear description of attack, including references to source code. 2 marks if some minor misunderstandings or missing information. 1 mark if multiple misunderstandings or unclear description of attack. 0 marks if incorrect attack or description.
f) 2 marks if describe correct technique, referring to source code. 1 mark if describe technique in general, but no references to how to implement. 0 marks if wrong technique is described.
Question 3 Designing Firewalls [11 marks]
Objective: be able to design packet filtering firewall rules and identify advantages/disadvantages of such firewalls.
An educational institute has a single router, referred to as the gateway router, connecting its internal network to the Internet. The institute has the public address range 138.77.0.0/16 and the gateway router has address 138.77.178.1 on its external interface (referred to as interface ifext). The internal network consists of four subnets:
• A DMZ, which is attached to interface ifdmz of the gateway router and uses address range 138.77.179.0/24.
• A small network, referred to as shared, with interface ifint of the gateway router connected to a second router, referred to as the internal router. This network has no hosts attached (only two routers) and uses network address 10.2.0.0/16.
• A staff subnet, which is for use by staff members only, that is attached to the internal router and uses network address 10.2.1.0/24.
• A student subnet, which is for use by students only, that is attached to the internal router and uses network address 10.2.2.0/24.
In summary, there are two routers in the network: the gateway router is attached to three subnets (external, DMZ and shared); and the internal router is also attached to three subnets (shared, staff and students).
There are three servers in the DMZ that all can accept requests from the Internet: a web server supporting HTTP and HTTPS, a secure shell server using SSH, and a SMTP email server. Internal staff and students can also access the web and secure shell servers; they can access the email server but using IMAP.
The gateway router also runs a stateful packet filtering firewall and performs port address translation. In addition to the DMZ setup as described above, security requirements for the educational institute are:
1. External Internet users cannot access any internal computers (except in DMZ).
2. Both staff members and students can access websites in the Internet.
3. Staff, students and others may have accounts on the SSH server in the DMZ. However, staff also have the additional requirement that if they login to the SSH server from the Internet (e.g. while they are at home or travelling), they can then initiate a 2nd SSH connection from the SSH server to their office computer on the staff subnet (this assumes staff office computers also have SSH servers running). Staff can use this to remotely access their office PCs from home. Students (and others outside the institute) are not allowed to do this.
4. The Head of the institute finds performing two SSH connections to access their office computer too difficult. They have requested that they be able to directly SSH from their home computer to their office computer, bypassing the SSH server in the DMZ. The Head has a fixed IP at home: 103.3.63.106.
Considering the above information, answer the following questions:
a) [2 marks] Draw a diagram illustrating the network. Although there may be many computers in the staff and student subnets, for simplicity you only have to draw three computers in the staff subnet and three computers in the student subnet. One of the three in the staff subnet should be the Head’s office computer. Label all computers and router interfaces with IP addresses.
b) [3 marks] Specify the firewall rules using the format as in the table below. You may add/remove rows as needed.
Rule No. Transport Source IP Source Port Dest. IP Dest. Port Action
1
2
3
4
…
c) [3 marks] Give a short explanation of the rules. Also identify any potential issues with the rules (that is, in practice what could go wrong when using your firewall rules) and possible solutions.
d) [3 marks] Consider the Port Address Translation service on the gateway router. The following table shows the addresses of packets arriving on interface ifint at the router. The packets are listed in order at which they arrive at the router. Complete the addresses for the packets as they are sent out on interface ifext of the router.
Packets arriving on ifint before PAT Packets departing on ifext after PAT
Source IP Source Port Dest. IP Dest. Port Source IP Source Port Dest. IP Dest. Port
10.2.1.45 50345 103.67.45.1 80
10.2.1.67 49321 73.18.9.3 443
10.2.1.45 50345 103.67.45.1 80
10.2.2.16 49321 63.108.4.13 80
10.2.1.83 54693 73.18.9.3 443
10.2.2.16 52987 103.67.45.1 80
Marking Scheme
a) 2 marks if correct network is drawn and labelled. 1 mark if some mistakes in location of nodes or links, or allocation of addresses. 0 marks if multiple mistakes in diagram/addresses.
b) and c) are marked together. 1 mark will be deducted for an incorrect rule or incorrect explanation of the rule. 1 mark will be deducted for a missing rule. 1 mark will be deducted for a rule that is included but not needed.
d) 0.5 mark if each row is correct.
Question 4 Vulnerability Research [7 marks]
Objective: research advanced malware and identify the basic techniques they are built upon.
New malware is being discovered regularly by security researchers. As the malware is discovered, detection techniques are developed, but then malware developers improve their malware to avoid detection. This cycle has led to very advanced malware, using a combination of basic techniques. One widely publicised malware was Stuxnet. In 2010 Stuxnet was discovered to have used various techniques to infect industrial control systems (which were not connected to the Internet), with the possible purpose of shutting down facilities in Iran that developed nuclear material. The techniques used have been linked to other attacks, and the Equation Group.
Your task is to gain a basic understanding of how Stuxnet worked and recommend procedures for avoiding similar types of advanced malware. A detailed explanation of Stuxnet is provided by Symantec at:
http://www.symantec.com/content/en/us/enterprise/media/security_response/whitepapers/w3 2_stuxnet_dossier.pdf
This has sufficient information for you to learn about Stuxnet for this task, however you may use other resources as well.
a) [3 marks] Summarise how Stuxnet worked. Refer to the concepts learnt in lectures in your description (e.g. malware traits of circulation, infection, concealment, payload; was it a logic bomb? did it use spam? …).
b) [4 marks] Provide a set of recommendations for how to avoid being impacted by Stuxnet or similarly complex malware. For example, consider you are the Security Manager in a company with large and important industrial control systems (e.g. power companies, defence facilities, manufacturing) and you need to produce a concise list of recommendations to avoid Stuxnet like attacks to the Chief Information Security Officer. The recommendations should be justified, e.g. “Recommendation 1: do this because of this reason”. The number of recommendations should be appropriate for the number of different techniques Stuxnet uses.
Although there are no strict length requirements, part a) could be answered in ½ to 1 page, while part b) could be answered with a list of multiple items with each item containing several sentences.
Marking Scheme
a) 3 marks if all or most of the key features are described at a level of detail that other students could understand if they hadn’t read about Stuxnet. 2 marks if 1 or 2 of the key features are not described or incorrectly described or have insufficient detail. 1 mark if multiple features are incorrectly or not described. 0 marks if significant misunderstanding of how Stuxnet works.
b) 4 marks if sufficient recommendations are given, with each clearly described and justified. 3 marks of 1 or 2 important recommendations are missed or not clearly described. 2 marks of 3 or 4 important recommendations are missed or not clearly described. 0 or 1 mark if most of the recommendations are not relevant for Stuxnet or not clearly described.

Assessment Item: Written Assessment (2,500 words MAX, 30%)
Topic: International Financial Reporting Standards (IFRS)
Please go to the following article published on The Conversation: Brexit is done, now what about accounting?. Read the article and respond to the following questions.
Investigate and write a brief history of the IFRS (1,000 words, 10 marks).
Select any country and report on its current accounting regulatory framework and its progress towards standardising on IFRS (1,500 words, 20 marks).
Assessment criteria
Your submission will be assessed as follows:
Quality of your academic research and writing: 24 marks.
Quality of your written English: 3 marks.

Word limit: 1,000 words (±10%)
Marks: 20
Due Date: 5 pm Friday, Week 6
(Soft copy to be uploaded on Blackboard through ‘Assignments and due dates’ menu AND hard copy along with a FULL safeassign report need to be submitted)
For weeks 3, 4 and 5, e-Learning materials are uploaded on Blackboard (see ‘E-learning Activities’ menu for these weekly activities) for review and application.
In Week 6, students should choose 2 out of these 3 weekly materials and submit their response in a single report format to their Instructor.
For each material, prepare two paragraphs:
Paragraph 1: the key ideas from the materials – not a summary – you must select the key ideas (most important) and talk about them.
Paragraph 2: identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied.
Students should consult the marking rubric (see below) to see exactly what is required and how your assignment will be marked.
Failure to participate in this assessment will automatically lead to a fail mark in this subject.
You may enrich this assignment with ideas from other materials such as journal articles if you wish. This additional research will be necessary to obtain the best marks.
All ideas in the report must be referenced using Harvard Referencing (in-text citations and full references at the back).
CHOOSE TWO OUT OF THREE
Week 3 E-Learning materials
WEEK 3: What is Strategy?
(1) Watch the video on the following link:
https://www.youtube.com/watch?v=TD7WSLeQtVw (8:47)
What is Strategy?
www.youtube.com
A full set of strategy animations accompany the forthcoming textbook: “Strategic Management: Concepts and Tools for Creating Real World Strategy” published by …
(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied
Week 4 E-Learning materials
WEEK 4: Business Model Innovation
(1) Watch the video on the following link:
https://www.youtube.com/watch?v=B4ZSGQW0UMI (8:22)
(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied
Week 5 E-Learning materials
WEEK 5: Pankaj Ghemawat: CAGE framework to evaluate international trade opportunities
(1) Watch the video on the following link:
https://www.youtube.com/watch?v=7FpUJaG7uMk (2:25)
(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied

Due Date: Week 6 (By 5 pm Fri)
From discussions and material presented during lectures, write an essay to demonstrate your theoretical understanding and practical application of Marketing. Each student is to select one of the essay topics below and write an essay of 1500 words, to be submitted in Week 6. The essay must be referenced with relevant upto-date sources. Choose one of the topics below:
1. Explain the ethical issues in marketing field and identify and discuss about two companies in Australia who has been having some issues regarding the way they pursue their business. You can elaborate on any aspects of marketing where these companies had some issues
2. Discuss how companies are changing their focus from typical selling approach to societal marketing. Identify any two companies in Australia who has been very active in following societal marketing approach. Discuss in which way they are claiming about their contribution towards the well being of Australian society.
3. Segmentation, targeting and positioning are interrelated activities which are important to achieving a successful Marketing Mix. Discuss any two brands from two different industries who have been successful in using these concepts in pursuit of their business. You are not allowed to discuss fast food or soft drinks industries for this essay. You need to choose these brands from the following industries: – Furniture – Pharmaceutical – Baby products – Health and fitness – Health drinks
4. Labeling and packaging has been becoming a very important aspect of marketing. Identify some of the recent issues in labelling, packaging and country of origin in Australia. Students need to go through the current news and media to get the information about this area.
Note: Students are required to source atleast 4 articles from the media in Australia for this essay. Copies of the articles need to be submitted with your essay. Students do not need to upload the articles on BB
Marking Criteria for Individual Essay
Discussion of relevant issues, theories and concepts for the chosen topic for essay (Maximum 5 marks)
Demonstrated understanding, logic and reasoning evidenced in essay (Maximum 5 marks)
Application of theories/concepts to industry/real products/services. And other relevant examples and ideas provided by the student to demonstrate an understanding of the theory (Maximum 7 marks)
Style, structure, spelling, grammar, punctuation, referencing ( Maximum 3 marks)
TOTAL 20 MARKS

Criteria sheet
Assessment 2 requires you to undertake a market opportunity analysis for a new product. You will present the market opportunity analysis as a portfolio. This portfolio should be 1500-2000 words maximum in length not including the title page and reference list.
Your task in Assessment 2 is to choose ONE (1) of the options listed below and write a market opportunity analysis focusing on current Australian market conditions to determine market attractiveness for your product.
a) Legion Do-It-Yourself Solar by PLX Devices, viewed 10/06/2016,

b) Simpli Press French-Pressed Coffee by simpli press, viewed 10/06/2016,
https://www.kickstarter.com/projects/simplijenni/simplipress
c) Vi Artificial Intelligence Personal Trainer by LifeBEAM, viewed 10/06/2016,
https://www.kickstarter.com/projects/1050572498/vi-the-first-true-artificial-intelligence-personal
d) A new product for the business/organisation you currently work for or the business/organisation you want to start up. If you choose this option, on-campus (internal) students will need to gain approval from your local lecturer/tutor. Off-campus (external) students will need to contact the course coordinator w.lawson1@cqu.edu.au for approval.
NB: The option you choose will also be used in Assessment 3.
You will need to address the following criteria:
1. Describe the new product chosen and current market conditions in Australia by examining relevant business trends, competitors, customer needs and other factors in the marketing environment that may affect consumer purchasing (research evidence is expected to help support your discussion);
2. Conduct a strengths, weaknesses, opportunities and threats (SWOT) analysis;
3. Explain the nature and scope of marketing in general including your understanding of the marketing concept;
4. Explain your understanding of marketing research techniques and analysis, and how they are important to marketing decision-making; and
5. Differentiate between the marketing mix and the extended marketing mix.
Instructions
This is an individual assessment (no groups).
Submit your portfolio online through the course Moodle site.
Your portfolio should contain the following:
• A single Word document that addresses each of the 5 criteria listed above plus a reference list showing use in-text of at least six (6) scholarly sources of information, excluding the course text. Use size 12 font with 1.5 line-spacing in this Word document (no PDF).
• An appendices (this is compulsory) attached at the end of the Word document that includes:
• Self-evaluation documenting your learning journey.
• Any other supporting items such as graphs, charts, tables and diagrams you deem suitable.
Skills
• A market opportunity analysis is widely used to determine market attractiveness.
• A portfolio is a collection of items documenting what and how you have learnt.
• This is a challenging assignment. It will provide you with the opportunity to undertake a significant piece of work with a practical commercial application.
Assessment Criteria
• Product description, current market conditions and analysis. Out of 11 marks.
• SWOT analysis. Out of 6 marks.
• Nature, scope and key concepts of marketing. Out of 3 marks.
• Marketing research techniques and importance. Out of 2 marks.
• The marketing mix and extended marketing mix. Out of 2 marks.
• Citations and Reference list. Out of 3 marks.
• Self-evaluation. Out of 5 marks.
• Supporting items. Out of 5 marks.
• Spelling, grammar, and written presentation. Out of 3 marks.
• Total: Out of 40 marks.

HA3042 TAXATION LAW

TRIMESTER 2, 2015
INDIVIDUAL ASSIGNMENT 1
Assessment Value: 20%
Instructions:
• This assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook.
• It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Subject Outline and Student Handbook.
• Answer all questions.
• Maximum marks available: 20 marks.
• Due date of submission: Week 4 (Melbourne); Week 6 (Sydney and Brisbane).
Question 1 (5 Marks)
Hilary is a well-known mountain climber. The Daily Terror newspaper offers her $10,000 for her life story, if she will write it. Without the assistance of a ghost writer, she writes a story and assigns all her right, title and interest in the copyright for $10,000 to the Daily Terror. The story is published and she is paid. She has never written a story before. She also sells the manuscript to the Mitchell Library for $5,000 and several photographs that she took while mountain climbing for which she receives $2,000.
Requirement:
Discuss whether or not the three payments are income from personal exertion. Would your answer differ if she wrote the story for her own satisfaction and only decided to sell it later?
Question 2 (5 marks)
Your client is a parent who lent $40,000 to her son to provide a short-term housing loan. The agreement is that the son will repay $50,000 at the end of five years.
Reconsider this question in light of the following facts. The loan was made to the son without any formal agreement and without any security provided for the sum lent. In addition, the client (the mother) has informed you that she told her son that he need not pay interest. However, the son repaid the full amount after two years and included in his payment an additional amount which was equal to 5% pa on the amount borrowed. Only one cheque was presented for the total amount.
Requirement:
Discuss the effect on the assessable income of the parent.
Question 3 (10 Marks)
Scott is an accountant who purchased a vacant block of land in Brisbane on 1 October 1980. On 1 September 1986, Scott built a house on the land. At the time, the land was valued at $90,000 and the cost of construction was $60,000. The property has been rented out since construction was completed. On 1 March of the current tax year, Scott sold the property at auction for $800,000.
Requirement:
a) Based on the information above, determine Scott’s net capital gain or net capital loss for the year ended 30 June of the current tax year.
b) How would your answer to (a) differ if Scott sold the property to his daughter for $200,000?
c) How would your answer to (a) differ if the owner of the property was a company instead of an individual?

FINA2006 Principles of Finance – T2 2016
Group Assignment
Mark Allocation
Question 1 20 marks
Question 2 20 marks
Question 3 20 marks
Question 4 20 marks
Question 5 20 marks
Total 100 marks
Question 1 (20 marks)
Assuming you are applying for a finance job that requires a Bachelor of Commerce degree and your potential employer asks you to respond to two scenarios below.
Scenario 1
Assuming you had $30 000 ‘spare cash’ at the beginning of 1976 and could have used this money to buy a block of land for investment, or to invest in a savings account. The savings account paid interest at 6% per annum, compounded quarterly, and was an ‘at-call’ account, i.e. you could withdraw money at your discretion at any time. At the end of 2015, you were approached by a real estate agent in your local suburb, who was interested in listing the land on behalf of his agency and thus valued the land at an approximate price of $500 000 without charging you a valuation fee.
Required:
Evaluate the above two investment options based on the following criteria and determine which option would have been better at the beginning of 1976 based on these criteria. Note: You are expected to justify and show full calculations for each criterion.
a) The value of each investment at the end of 2015, i.e. land and savings account.
b) The rate of growth in the land value over the period 1976-2015, expressed as a nominal interest rate. Note: The interest was compounded quarterly.
c) The rate of growth in the land value over the period 1976-2015, expressed as an effective interest rate. Note: The interest was compounded quarterly.
d) The amount of cash that would have been invested in the savings account at the beginning of 1976 to accumulate the same value as the land value estimated by the real estate agent at the end of 2015.
Scenario 2
You purchased a 10-year debenture issued by ABC Ltd at the beginning of 2010, which pays a coupon interest rate of 10% per annum and has a face value of $2 000. The coupon payments are made every six months in arrears. Assume it is now at the end of 2016, i.e. exactly 7 years later. Other debentures with similar risk to those issued by ABC Ltd are currently traded in the market at a premium of 2% to the rate of long-term government bonds. In 2016, the long-term government bonds are issued at a market rate of 6% per annum.
Required:
Determine the market value of ABC Ltd’s debenture as at the end of 2016.
Question 2 (20 marks)
Assume that you are a registered financial adviser. A potential customer, who holds a welldiversified investment portfolio, is seeking financial advice from you to invest in any or all of the following companies. All of these companies are included in the Australian Stock Exchange’s ASX 300 Index.
Company Beta Expected Rate of Return
Company Alpha 1.6 12.0%
Company Beta 1.2 12.0%
Company Gamma 2.4 13.0%
You have also gathered the following information:
• The expected return on the Australian Stock Exchange’s ASX 300 Index is approximately 9.5% over the coming year.
• The average rate of return on the ASX 300 Index has been higher than that of riskfree Australian securities by around 3.5%.
Required:
a) Determine the minimum rate of return for each of the above companies, which would be required by potential investors to invest in each company.
b) Explain whether you would recommend the customer invest in any or all of the above companies. Assume the customer only has an introductory understanding of finance principles and theory. Note: You are expected to justify your advice using common language and understandable terminology.
c) Assume the customer decides to invest $180 000 in a portfolio comprising the above companies as below:
• Company Alpha $90 000
• Company Beta $63 000
• Company Gamma $27 000
Determine: i) the required rate of return, and ii) beta, for the customer’s portfolio.
d) The customer has also invested in Teta Ltd that has paid annual dividends in past years. The company’s dividends grow at 7% per annum, which is same as Teta’s earnings growth level and is expected to continue indefinitely. Teta’s shares are currently trading at a price of $12.30 each. The customer requires a minimum rate of return of 15% to keep her investment in the company.
Required:
Determine Teta Ltd’s expected future dividend, assuming efficient capital markets.
Question 3 (20 marks)
Future Diversify Ltd (FDL) considers forming an investment portfolio that comprises shares issued by Blue Ltd and Green Ltd. The following information relates to these shares.
Blue Ltd Green Ltd
Beta of share 1.2 2.7
Expected return on the market E(rm) 15.5%
Risk-free rate of return rf 7.5%
Required:
a) Identify and explain three benefits of diversification, e.g. holding a portfolio comprising different shares compared to holding any single share.
b) Determine the weightings of Blue Ltd shares and Green Ltd shares in FDL’s proposed portfolio, which would allow the company to achieve an overall return of 18% for the portfolio?
c) Determine the beta of FDL’s proposed portfolio in Part (b)?
Question 4 (20 marks)
XYZ Ltd is evaluating Project A and Project B. Either project will last 5 years and will require a new equipment to be purchased immediately. The company’s tax rate is 30% and its required rate of return for all investment projects is 10%. Assuming the company requires a minimum payback period of 2 years for all investment projects. Other information relevant to Project A and Project B is provided below.
Project A Project B
Initial cost of equipment $375 000 $450 000
Depreciation rate – Straight line 20% 20%
Earnings before depreciation and tax
(assuming no interest expense)
– Year 1
– Year 2
– Year 3
– Year 4
– Year 5
206 625
195 150
156 000
157 500
153 750
240 000
238 500
238 125
217 500
202 500
Required:
a) Should the company accept Project A or Project B based on: i) payback method, and ii) net present value (NPV) method? Explain why.
b) Compare the payback method and net present value (NPV) method based on four criteria below. You are required to refer to Project A and Project B above to illustrate your response.
1. Does the method correctly rank competing projects?
2. Does the method correctly identify wealth-increasing projects?
3. Does the method recognise the timing of the cash flows and their relative magnitudes?
4. Can management understand the results?
Question 5 (20 marks)
The Smith’s business manufactures motor vehicle parts. The business is owned and operated by two brothers whose marginal tax rate is 45% per annum. The brothers are planning to replace an old manually-operated machine with a new fully-automated machine. The information regarding the old machine and proposed replacement machine is given in the table below.
Old Machine Proposed Replacement Machine
Original cost $60 000 $176 000
Original expected life 10 years 4 years
Original expected salvage value $Nil $Nil
Current age 6 years Not applicable
Current market value $40 000 Not applicable
Depreciation rate Straight-line: no adjustment for expected salvage value Straight-line: no adjustment for expected salvage value
Depreciation term Original expected life Original expected life
Number and salary of operators 3 x $80 000 2 x $100 000
Annual maintenance cost $19 200 $23 200
Cost of waste materials $16 000 $4 000
Other information related to the new fully-automated machine includes:
• The maintenance workers would require special training for the new machine. Fortunately, the required training was provided to the maintenance workers three months ago when a similar machine was purchased. This training program cost $30 000. However, the company’s management is not sure if they should charge 80% of this $30 000 training fee against the proposed new machine.
• Since the new machine would work faster than the old one, an additional investment of $14 000 in raw materials and work-in-process inventories would be required. The company expects to recover this extra investment at the end of the machine’s estimated useful life.
• The brothers would have to obtain a loan of $120 000 from the business’ local bank to purchase the new machine. The loan requires an interest payment at 8% per annum, which increases the company’s annual interest payments by $8 200 per year.
• The company expects that the new machines will have production capacities similar to those of the old machine.
• The company’s finance manager has estimated the same 10% per annum after-tax required rate of return on investments for both old and new machine.
Required:
a) Briefly discuss whether there are any non-incremental cash flows in the scenario. If so, explain why these costs are regarded as non-incremental.
b) Determine the after-tax initial outlay for the project.
c) Determine the annual after-tax cash flows in Years 1, 2 and 3 for the project.
d) Determine the project’s after-tax terminal cash flow in Year 4.
END OF ASSIGNMENT

ACC00714 – 2016 S2
ASSIGNMENT 1 (25 marks)
QUESTION 1 (10 MARKS)
You have been employed as an entry-level management accountant for a little under a year. You suspect that your immediate supervisor is involved in a significant fraud involving diverting of company assets to personal use. Briefly discuss the steps you might take to resolve this dilemma and use a real world example (not hypothetical) to support your discussion.
Question 2 (5 MARKS)
Lismore Manufacturing Company had the following account balances for the quarter ending March 31, unless otherwise noted:
Work-in-process inventory (January 1) $ 140,400
Work-in-process inventory (March 31) 171,000
Finished goods inventory (January 1) 540,000
Finished goods inventory (March 31) 510,000
Direct materials used 378,000
Indirect materials used 84,000
Direct manufacturing labor 480,000
Indirect manufacturing labor 186,000
Property taxes on manufacturing plant building 28,800
Salespersons’ company vehicle costs 12,000
Depreciation of manufacturing equipment 264,000
Depreciation of office equipment 123,600
Miscellaneous plant overhead 135,000
Plant utilities 92,400
General office expenses 305,400
Marketing distribution costs 30,000
Required:
a. Prepare a cost of goods manufactured schedule for the quarter. (1 mark)
b. Prepare a cost of goods sold schedule for the quarter. (1 mark)
c. Indentify inventoriable and period costs. (1 mark)
d. Of what value is the schedule of cost of goods manufactured? How does it tie into the income statement? Discuss and use examples to support your discussion. (2 marks)
Question 3 (5 MARKS)
The Dougherty Furniture Company manufactures tables. In March, the two production departments had budgeted allocation bases of 4,000 machine-hours in Department 100 and 8,000 direct manufacturing labor-hours in Department 200. The budgeted manufacturing overheads for the month were $57,500 and $62,500, respectively. For Job A, the actual costs incurred in the two departments were as follows:
Department 100 Department 200
Direct materials purchased on account $110,000 $177,500
Direct materials used 32,500 13,500
Direct manufacturing labor 52,500 53,500
Indirect manufacturing labor 11,000 9,000
Indirect materials used 7,500 4,750
Lease on equipment 16,250 3,750
Utilities 1,000 1,250
Job A incurred 800 machine-hours in Department 100 and 300 manufacturing labor-hours in Department 200. The company uses a budgeted overhead rate for applying overhead to production.
Required:
a. Determine the budgeted manufacturing overhead rate for each department. (1 mark)
b. Prepare the necessary journal entries to summarize the March transactions for Department 100. (2 marks)
c. What is the total cost of Job A? (1 mark)
d. What factors should be considered in selecting an allocation base to be used in computing the budgeted overhead rate? Discuss and use examples to support your discussion. (1 mark)
Question 4 (5 MARKS)
a. Silver Spoon Incorporated is a manufacturer of kitchen utensils. It produces all of its products in one department. The information for the current month is as follows:
Beginning work in process 37,500 units
Units started 55,000 units
Units completed 75,000 units
Ending work in process 14,500 units
Spoilage 3,000 units
Beginning work-in-process direct materials $25,000
Beginning work-in-process conversion $ 10,000
Direct materials added during month $113,750
Direct manufacturing labor during month $40,020
Beginning work in process was 25% complete as to conversion. Direct materials are added at the beginning of the process. Factory overhead is applied at a rate equal to 37.5% of direct manufacturing labor. Ending work in process was 60% complete. All spoilage is normal and is detected at the end of the process.
Required:
a. Prepare a production cost worksheet if spoilage is recognized and the weighted-average method is used. (3 marks)
b. Why is cost accumulation easier under a process costing system than under a job order costing system? Discuss and use examples to support your discussion. (2 marks)

Assignment 1 (Literature Review)
Individual Assignment
HI5019 STRATEGIC INFORMATION SYSTEMS T2 2016
WEEK 6 Friday 5 pm
Each student will write a literature review of NOT more than 1500 words. The review should demonstrate that the student has thoroughly researched their topic. Students should use examples of business practice from the scholarly journals papers, conferences, books and professional magazines to support their arguments
The literature review would be on accounting software/packages used in Australia. The research would cover history, development and adoption, the current market size, identify the leaders in the market and what gives them the competitive advantage. Students are also required to identify the current gaps or challenges encountered by users or customers of accounting software/packages and make relevant suggestions or recommendations.
Research reports are to be presented in hard copy in size 12 Times New Roman or 10 Calibri Font and double spaced. The research should include a list of at least 5 references used in the research report and a bibliography of the wider reading done to familiarize oneself with the topic.
Submission: Hard-copy to tutors/lecturers assignment box and a copy of the report generated from SAFE ASSIGN attached to it.
You are reminded to read the -Plagiarism- section of the course description. Your research should be a synthesis of ideas from a variety of sources expressed in your own words.
All reports must use the Harvard referencing style. Marking rubrics are attached.

Review of e-Learning materials
Word limit: 1,000 words (±10%)
Marks: 20
Due Date: 5 pm Friday, Week 6
(Soft copy to be uploaded on Blackboard through Assignments and due dates menu AND hard copy along with a FULL safeassign report need to be submitted)
For weeks 3, 4 and 5, e-Learning materials are uploaded on Blackboard (see E-learning Activities menu for these weekly activities) for review and application.
In Week 6, students should choose 2 out of these 3 weekly materials and submit their response in a single report format to their Instructor.
For each material, prepare two paragraphs:
• Paragraph 1: the key ideas from the materials – not a summary – you must select the key ideas (most important) and talk about them.
• Paragraph 2: identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied.
Students should consult the marking rubric (see below) to see exactly what is required and how your assignment will be marked.
Failure to participate in this assessment will automatically lead to a fail mark in this subject.
You may enrich this assignment with ideas from other materials such as journal articles if you wish. This additional research will be necessary to obtain the best marks.
All ideas in the report must be referenced using Harvard Referencing (in-text citations and full references at the back).

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E-learning Activities: Marking Rubric
Attached Files:
• Online Blog Marking Rubric.docx (19.248 KB)

HI6006 Competitive Strategy
Individual Assignment/ E-learning Activities: Marking Rubric

Possible Marks: 20 (per blog)
Marking Criteria Outstanding
10 Good
7 Average
5 Limited
3 Fail
1 or 0

Paragraph 1:
Extracts key ideas from materials (video, text, reference)

(10 Marks) • Multiple ideas identified
• Clear description of ideas
• Additional ideas from journal Articles identified and imported into the narrative
• Multiple ideas identified
• Clear description of ideas

• An idea identified
• Clear description of idea

• An idea identified
• Unclear description of idea
• No ideas identified from the materials

Paragraph 2: Applies ideas to an organisation

(10 marks) • Organisation identified
• Application of ideas clear
• More elaborate and informative discussion
• Additional ideas from journal Articles identified and imported into the narrative
• Organisation identified
• Application of ideas clear
• More elaborate and informative discussion
• Organisation identified
• Application of ideas clear
• Organisation identified
• Application of ideas unclear
• No organisation identified
• Application of ideas unclear

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Week 3 E-Learning materials
WEEK 3: What is Strategy?

(1) Watch the video on the following link:
https://www.youtube.com/watch?v=TD7WSLeQtVw (8:47)

(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
• Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
• Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied

•
Week 4 E-Learning materials
WEEK 4: Business Model Innovation

(1) Watch the video on the following link:
https://www.youtube.com/watch?v=B4ZSGQW0UMI (8:22)

(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
• Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
• Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied

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Week 5 E-Learning materials
WEEK 5: Pankaj Ghemawat: CAGE framework to evaluate international trade opportunities

(1) Watch the video on the following link:
https://www.youtube.com/watch?v=7FpUJaG7uMk (2:25)

(2) Prepare two paragraphs (include in-text citations wherever necessary and the full references at the back)
• Paragraph 1: list the key ideas you have extracted from the prescribed e-learning activity.
• Paragraph 2: apply those ideas to your own experience, to an organisation you know and to the topic(s) of this subject – identify an organisation which would benefit from the application of these ideas and explain how the ideas should be applied