Download BHP Billiton Ltd 2015 annual financial report from the company website.
Task 1 (GLO 1, GLO 2 and GLO8)
• Review and assess related party transaction disclosure provided by BHP Billiton Ltd in its annual report. Evaluate how important for (potential) investors to receive/understand information about related party disclosure in order to properly assess the performance of BHP Billiton.
• Analyse and discuss the costs and benefits for firms disclosing related party transaction disclosure in the context of stakeholder theory, positive accounting theory, legitimize theory, and institutional theory and/or other relevant theories (whichever theory/theories you consider relevant for the analysis. You are not expected to cover all theories, but at least one theory and maximum two theories should be discussed and analysed).
Your arguments for tasks 1 have to be supported by relevant academic refereed articles (at least 6). You should provide evidence that you have carefully examined the literature, understand it, and have been able to summarise its essential content by integrating these articles into your own arguments and perspective.
The task 1 is to be completed as a Group assignment (maximum 3 people per group).The number of words is 2,500 excluding the reference list, appendices and the cover page. The actual word count must be stated on the cover page of the assignment. A deduction of 2 marks from marks allocated to this assignment will apply if the number of words is 1
under by more than 10% of 2,500 words or over by more than 20% of 2,500 words. Word limits allow the student to structure the assignment to allow for the preparation of an informative yet succinct report.
Task 2 (GLO 7)
All team members must complete Peer assessment form and submit this document in the individual dropbox (NOT IN THE GROUP ASSIGNMENT DROPBOX) before the deadline of assignment submission. As a team member you will evaluate your other team members’ contribution to complete this assignment. Peer assessment statement form can be accessed under “Assessment 1’ resource folder. In a very rare case where a student completes Task 1 as an individual assignment, the student will automatically get zero on task 2. In some cases where not all team members submit the peer assessment form, the team member who has not submitted the assessment form will attract zero on this task. This task will carry 10% of the total assignment marks. Please note it is an individual task.
Task 3 (GLO 6)
Write around 500 words reflecting on what you have learnt about yourself as a team member. Reflect on your strengths and your weaknesses as a member of your team. Also provide list of actions that you will take next time to improve your team work skill. All team member should submit separate document in the individual dropbox (NOT IN THE GROUP ASSIGNMENT DROPBOX). Self-assessment statement form can be accessed from Cloud under “Assessment 1’ resource folder. This task will carry 10% of the total assignment marks. Please note it is an individual task.
Weight (% total mark for unit):
This total mark of the assignment (including task1, task2 and task3) is 100, and converted into 30% of the final grade in this unit.
Unit Learning Outcomes assessed:
• ULO1: Explain, evaluate and apply a range of advanced accounting theories and standards.
• ULO2: Identify, define and integrate to construct explanations that can inform solutions to relevant accounting issues.
• ULO3: Reflect and critically examine personal actions and responsibilities for applying and learning theories and standards in accounting principles and practice.
• ULO4: Work with others effectively and provide constructive feedback that is supportive and promotes improvement in understanding of advanced accounting principles and practice.
• ULO5: Critically analyse and discuss concepts surrounding corporate ethical and social responsibilities within the global. 2
Graduate Learning Outcomes assessed:
• GLO1: Discipline-specific knowledge and capabilities.
• GLO 2: Communication
• GLO6: Self-management.
• GLO8: Global citizenship.
Requirement for Task 1:
The formation of a group must be achieved by students self-enrolling into a group on Cloud. Students must be careful to choose their group. Change to another group is not allowed after 12th August 2016.
You will need to do some personal research in order to complete the task1. Therefore, it is strongly recommended students start to form the assignment group and prepare for the assignment as early as possible.
The assignment documents MUST be typed using arial 12 font, properly referenced and ideally 1.5 line spacing (refer to ‘Guide to assignment writing and referencing booklet) and include a REFERENCE LIST (in alphabetical order) outlining the book(s) and any journal articles, electronic sources etc. used. It is recommended to use the Harvard citation format, but it is not compulsory. You can choose any citation format you feel appropriate to your assignment, but make sure to keep the format consistent throughout the assignment. Each page must be numbered.
Title page for Task 1:
This should be the first page (cover page) of your assignment, and it must include the
• Unit code and unit name
• Name of the Unit Chair
• Group number
• Each group member’s full name, student ID number
• Number of words
• Due date. If granted a time extension, then insert the following:
‘ Revised date approved by the unit-chair (show approved date)’.
Recommended Task 1 Structure
Analysis of the related-party transactions disclosure in the annual report 3
Literature review (At least 6 academic articles)
This assignment must be submitted electronically by the due date (Friday 26 August, 2016) as Microsoft Word document by uploading all documents to the respective assignment dropboxes, via the MAA725 site on Cloud. Specifically, When uploading your task1 assignment, the document must be given a name using the following syntax: your group number _ one of your group member’s student ID number _MAA725.doc (or ‘.docx’) (for example, group001_123456789_MAA725.doc). Only one copy of the assignment per group is required to be submitted online. Task 1 assignments submitted after the due date (or the extension date approved by the Unit Chair) incur a penalty of 3 marks per day, deducted from the final mark achieved. All group members should separately submit Task2 and task3 assignments to individual dropboxes. Task 2 and Task3 assignments submitted after the due date (or the extension date approved by the Unit Chair) incur a penalty of 3 marks per day, respectively, deducted from the final mark achieved. Submitting a hard copy of this assignment is not required.
Students who anticipate possible difficulty in lodging this assignment online (for example, being in a remote place on the due date with no computer access) must contact the Unit Chair at least one week prior to the due date in order to make alternative arrangements for submission.
Students who require a time extension in relation to this assignment should submit a written request to the Unit Chair, supported with documentation (for example, medical certificate). Such requests should be e-mailed to the Unit Chair. Requests for time extensions should be emailed to Unit Chair AT LEAST ONE DAY BEFORE (24 hours before) the due date of submission. After this deadline, extension requests received by the Unit Chair will not be considered. No extension exists until such time as it is approved in writing by the Unit Chair. Students are also reminded that extensions will only be given for exceptional and unusual circumstances outside the students’ control.
Please review the section on ‘Plagiarism’ in the Unit Guide for MAA725 and on the Cloud site for this unit. You need to check that your assignment does not contain plagiarism. This is done automatically when submitting your assignment to the dropbox which uses Turnitin, which checks your assignment for plagiarism and generates an originality report that you can use to be confident that your assignment does not contain plagiarism. For example, Turnitin will tell us (but tell you first) the extent to which your work has copied material from others without appropriate recognition through referencing. If this is excessive you will lose marks or you may not receive any marks, or you may have some form of 4
disciplinary action taken if the issue is severe. So you have an opportunity to submit an unmarked draft copy of your assignment to Turnitin and then take appropriate action to amend your report before final submission.
Therefore it is advisable that you check your assignment for plagiarism by uploading it to Turnitin at least more than 4 days prior to the due date. This is because it might take a few days or longer before you receive your originality report. Then, you might need some time to make adjustments to your assignment and upload it again to Turnitin if need be.
Note that uploading your assignment to Turnitin via the prescribed link in the Coud site for this unit constitutes submission to this unit AND also constitutes a declaration regarding the contents of the assignment being all your own work, except where appropriate references to the work of others has been acknowledged. You can upload your assignment to Turnitin as many times as you like up to the due date. In order to avoid a late submission penalty, you must upload your assignment to Turnitin by the due date. Assignments submitted after the due date (or the extension date approved by the Unit Chair) incur a penalty of 3 marks per day, deducted from the final mark achieved.
Should a student try to conduct a plagiarism/collusion test through the Cloud site of any other Unit, it would attract a high turnitin score on your final version of MAA725 assignment. It is very important to remember that you should not undertake such activity.
Students are advised that a significant selection of submitted assignments may be checked during the marking process to verify that plagiarism has not occurred. If an undue number of assignments checked are identified as subject of concern, then all assignments might be similarly checked. If plagiarism is suspected, the corresponding assignment(s) will automatically be referred to the Faculty Academic Progress and Discipline Committee (FAPDC) at University. Plagiarism can result in expulsion from University.
Students should note that Turnitin will automatically reject assignments that are uploaded after 11:59 pm on the due date. This will be the case even if the assignment were submitted one minute after 11:59 pm on the due date. Please note, assignments that are submitted late (including those that have extension approved by the unit chair) still be able to be submitted through the Dropbox. However, the system will show the submission date/time in red.
It is important that students familiarize themselves with the online submission procedures well before the due date for this assignment. The most common problem when submitting an assignment electronically is an improperly configured Internet browser. Students can test if their browsers are properly configured. This can be done from the Cloudhomepage. The Unit Chair does not accept excuses for late, incorrect or incomplete submissions of assignments due to problems with uploading them to Turnitin. Check your ability to submit electronically at the outset of this trimester and advise staff via Cloud if you are having a problem. It is the responsibility of each student to keep backup copies (both soft and hard) of their assignments. The Unit Chair will not accept excuses for late submissions due to computer-related matters (e.g., lost documents, virus infected documents, hardware failure, stolen computers, etc.). Back up your draft copies of your assignment in progress 5
often and to a remote device for safe-keeping.
Conflict among the group members:
It is expected that group members will resolve any conflict among themselves as it is one of the skills assessed by the assignment (refer to GLO7:Teamwork). In a very rare scenario where group members are unable to resolve their conflict, they could contact the unit chair but no later than two weeks before the assignment submission due date.
Before commencing your assignment you should read:
o Writing a Research Essay by Professor B Cooper
o Plagiarism and Collusion Support Resources
These can all be found in Contents under Assessment
In-text referencing: Students are encouraged to make use of in-text referencing throughout this assignment. Any issues that you refer to and arguments that you put forward should be supported by reference to relevant sources of information.
Use of footnotes: Footnotes should not be used.
Use of figures and tables in analytic reports: While the use of figures and tables could sometimes help embellish a report, it is important to bear in mind that they should not overshadow the substance of the report. A report that predominantly consists of figures and tables with very little explanatory text would not be viewed favorably from an assessment perspective. No more than two tables and figures are acceptable in this assignment and they are expected to be fully discussed and analyzed in the body of the report. Tables and/or figures should be numbered sequentially, given appropriate captions and placed in the main body of the assignment at suitable points.
Use of appendices: The use of appendices is not recommended for this assignment.
For this aasessment you will be required to create a pamphlet to market a hypothetical children’s service. It will need to include information about the service such as –
*management (type of service)( i want a long day care service.)
*Staffing levels (cert lll, diploma & ECT)
*SERVICE PHILOSOPHY ( important part)
The brochure needs to be designed attractively to capture the readers attention with information written on a clear and accessible way and reflect an understanding of key marketinf strategies.
TWO A4 SIZE PAPER ONLY
PUT REFERENCE LIST NO INTEXT REFERNCES.
REFERNCES ARE NQS, EARLY LEARNING FRAMEWORK, CODE OF ETHICS.
WORDS LIMIT 300 TO 500 WORDS
Assessment item 1
Strategy Analysis Report
Due date: 27-Aug-2016
Return date: 20-Sep-2016
Length: 2,500 (+/- 10%)
Submission method options
Alternative submission method
Critically evaluate the key issues that strategic analysis plays in a business or organisation that you are familiar with.
In this assignment, you are required to write a 2500 word report. This includes a 200 word executive summary, but excludes references and appendix.
Your Report should cover the following:
1. Briefly describe the background information of the organisation (or SBU) chosen. This information should be brief and relevant to the discussion of your assignment and thus may include ownership, history, size, business scope, major products/services, and major markets of the organisation (or SBU).
2. Conduct an external environment analysis including a macro-environment analysis and Porter’s 5 forces analysis:
(a) Conduct a macro-environment analysis for the entire industry within which the organisation (or SBU) operates. You should use the PESTEL model and focus on understanding the purpose of this analysis, the identification of key factors and their implications in terms of key opportunities and threats, and discussion of their overall impact on industry growth in the future. Draw your conclusions based on your macro-environment analysis.
(b) Undertake a competitive analysis using Porter’s 5 forces model. You should pay attention to the purpose of this analysis, the inter- connectedness of different aspects of the competitive forces, and their overall impact on the industry and the organisation selected in terms of main driving forces in the competitive environment. Draw your conclusions based on your five-force analysis.
3. Conduct an internal environment analysis. You should identify, differentiate and evaluate the key resources and competencies of the organisation (or SBU) that are most likely to provide sustainable competitive advantage.
4. Summarise your findings based on your external and internal environment analysis. Identify the key issues that the organisation (or SBU) faces and give your recommendations.
5. Draw your conclusion.
Guidelines for this task:
Ensure that you read widely and address key components of the strategic management process raised in the literature from Module 1.
You should seek to complement the readings from Module 1 by accessing books and relevant journal articles from the sources listed under ‘Recommended additional reading’ in this Subject Outline.
Use your reading to inform your critical evaluation of the key issues of strategic analysis within the business, public sector or not-for-profit organisation where you work.
While you are required to name the organisation that is the focus of your research, you may wish to make a case for maintaining the anonymity of the organisation (e.g. due to political or commercial sensitivities). Contact your subject coordinator before you start on the assignment if you need to do this.
Note that this subject uses a due date system for assignments; i.e., the stated date is the last date for acceptance for that assignment. You must timetable your work schedule so you have plenty of time to ensure your work arrives on time.
The rationale for this task is to develop skills in problem solving, analysis, evaluation and reflection in the use of strategic analysis in contemporary organisation. This contributes to the following learning outcomes for this subject:
be able to identify and explain the key components of strategic management such as strategy analysis;
be able to review and evaluate the evolution of ideas and practices leading to the development of strategic management and its relationship to other management practices and principles;
be able to identify and differentiate between functional areas such as marketing, finance, operations and human resource management and evaluate how they should act conjointly toward the attainment of the organisations strategic aims and objectives;
be able to evaluate the importance of developing strategically appropriate relationships between people, processes, functions, structures and even organisations; and
be able to critique, act strategically, and make recommendations in the context of the potential of strategic management vis-a-vis the realisation of organisational change and/or success in the private, public, and not-for-profit sectors.
MGT510 Strategic Management Assessment 1
1. Executive summary (5 marks) Does not identify/provides only a limited identification of the requirements for the executive summary. Provides an outline of the report structure, but significance and relevance of issues in not discussed. No/little justification provided. Provides the basic summary of the report and identifies the key issues and how they inter-relate, but limited justification of significance. The structure of the report explained.
Provides a comprehensive summary of the report and a clear, succinct identification of the main points, but requires further justification of significance. The structure of the report clearly explained. A comprehensive summary that highlights the purpose and significance of the main points, which are clearly explained, justified and supported. The structure of the report is well signposted.
2. Identification, use,application, and critical analysis of theory (10 marks) Relevant theory on the topic missing and/or none/ poor attempt to use theory to support point of view and/or argument. Provides little analysis and evaluation of relevant theory, and limited linking of theory and concepts to practice. But makes attempts to use theory to support point of view and/or argument. Some analysis and critical evaluation of relevant theory developed through linking theory and concepts to practice. Theory linked to point of view and/or argument. Provides analysis and critical evaluation of relevant theory, with evidence of insight developed through linking theory and concepts to practice. Theory is integrated and linked well to argument. Provides a comprehensive analysis and critical evaluation of relevant theory, with evidence of insight developed through linking theory and concepts to practice. Theory is integrated exceptionally well into argument.
3 .Critical reflection, discussion, and examples (15 marks) Does not demonstrate any attempt at critical/reflective analysis. Little evidence of independent, critical thought in problem identification and solving. Superficial attempt at critical/reflective analysis. Attempted development of critical thought in problem identification and solving, but ideas/comments not supported. Demonstrates and integrates limited critical/reflective analysis. Evidence of some reflective thinking. Evidence of independent, critical thought in problem identification and solving. Demonstrates and integrates some critical/reflective analysis. Evidence of reflective thinking skills. Strong evidence of independent, critical thought in problem identification and solving. Consistently demonstrates and integrates critical/reflective evaluation of issues identified in strategic analysis. Evidence of reasoned reflective thinking skills.
4 .Conclusion (5 marks)
Conclusion not evident and/or does not relate to main arguments in report. Provides a summary of main arguments in the report, and arrives at logical conclusions, but no support given. Clear conclusion that reflects main arguments in report. Limited support and reasoning for conclusions provided. Well-constructed and clear conclusion supported by main arguments in report. Reasoned and logical conclusions reached. Well-constructed and clear conclusion with strong links to main arguments in report. Well-reasoned and logical conclusions drawn.
5. Reference and Presentation (5 marks) Unsatisfactory expression and presentation. Meaning unclear and/or grammar and/or spelling contain frequent errors.
Poor presentation (referencing does not follow APA style) and less than 10 journal articles utilised. Expression and presentation of ideas are comprehensible but lack clarity.
Poor referencing style (referencing uses APA style, but with errors).
Demonstrates limited reading outside of topic materials provided and practical application; does not utilise the required 10 journal articles. Expression is lucid and clear with precise use of language. Writing style appropriate to the assessment item. Few flaws in grammar and spelling.
Referencing follows correct APA style, but requires improvement.
Demonstrates reading of topic materials provided and practical application; the required 10 journal articles utilised. Expression and presentation of ideas is mainly accurate. Fluent writing style appropriate to the assessment item. Grammar and spelling are accurate.
Referencing follows correct APA style, but some small errors.
Demonstrates reading outside of topic materials provided and practical application; the required 10 journal articles utilised. Expression and presentation of ideas are developed and clear. Fluent writing style appropriate to the assessment item. Grammar and spelling are accurate.
Referencing follows correct APA style.
Demonstrates wide reading and practical application; going beyond the required 10 journal articles.
All assignments must be typed and they should be at least 1.5 line spaced with 12pt font size. Use of headings and subheadings is recommended to help focus your work. This does not mean that you can dispense with the need to create a coherent discussion. This is always critically important.
Please note that in all assignments the following are expected:
Evidence of wide and careful reading (beyond what has been provided)
Coherent argument and structure
Appropriate use of English grammar
Appropriate citation of references
Correspondence with the given word length
Referencing presented in the APA system adopted by the Faculty of Business and a reference list included at the end of your Report
When using material taken from the Collection of Readings provided by the University please refer to the original sources which is provided
To complete your report for Senior Management you will need to include the following sections:
1. Executive Summary
2. Background Information of the Organisation (or SBU) chosen
3. External Analysis
4. Internal Analysis
5. Identify and analyse the issues in the internal and external environments and prioritize them in the order you feel are most critical
You are required to cite a minimum of 10 refereed journal articles. For this assessment you are required to use APA referencing to acknowledge the sources that you have used in preparing your assessment. Please refer to the CSU referencing guide http://student.csu.edu.au/study/referencing-at-csu. In addition a very useful tool for you to use that demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list can be found at https://apps.csu.edu.au/reftool/apa-6
Assignment 2 Project Scoping &Skills (Individual Submission)
Description Marks out of Wtg(%) Due date
Progress Report Submission I 100 5% 27/08/2016
The progress report you will describe your analysis of the unfinished and proposed changes. At this time you should be able to take stock of your skills and abilities and match them against the project requirements. This information could also be used by group when partitioning project responsibilities. As the project solution requires knowledge of technologies and skill you will have had little access to you will have to make some plans towards acquiring the necessary abilities.This is an individual submission assignment.
For External and Internal Students
The document report is to be submitted in the link provided on the discussion list for the course.
For internal students on top of the submission you will also need to make a 5 minute appointment with the course leader during the report week to present and discuss your progress in person.
Project Progress Report I
The first project report is in regards to your progress you have made in reaching the third assignment requirements (the Project Proposal Documentation).
This section has 4 Parts to address.
This is a primary review of the project and our abilities. You will need to walk through the application and its functions and think about how the system works. The report will be 3-4 pages in length and contain the following sections.
Part A (30 Marks)
The sections you identify in here are only an exercise. We will propose sections to be implemented in the next document as a group.
• Identify the major sections that need to be done in the project to make it useful to the customer.
• Identify sections that you believe can be added later to finish the project. Things that is not absolutely necessary in your opinion for the system to be useful to the customer.
• One of the first major tasks will be to move the information from the in memory database into a more persistent storage. This means using a file based database as opposed to the current memory based one. Discuss what your plans are and what research you have done in regarding to making the necessary changes.
Part B (20 Marks)
Personal skill and experience inventory. We are looking at an honest evaluation of your ability and experience looking at what’s required for the project.
• Identify your current skills and experiences that you possess and map them to the project sections that you believe you could do right now
• Identify skill and knowledge that you will need to acquire in order to be able to finish the major sections of the project
• Identify the time frame and processes you will follow to acquire the necessary skills in order to be able to finish the project
Part C (30 marks)
Evaluate the project in terms of activities as you understand them and suggest any improvements to the overall design and functionality
• Identify the sections of the application that will need special attention or more time on your part to implement
• Identify major activities of the application in terms of data movement and processes that the system goes through
• Identify section that you believe you would be able to contribute to the team to be able to finalise the project
• What other features would you recommend we build into the system to make it support the business needs better. (you are not going to be asked to implement them so feel free to think outside the box)
Part D (20 marks)
Evaluation of your progress through the HOL (https://glassfish.java.net/hol/) installed and attempted as specified in submission 1.
• In one paragraph describe your progress through the HOL tutorial. Identify any difficulties you had and how you managed or are planning to work through (study, research, reading, workshops and so on)
• Identify technologies you found the most interesting and that you would like to be involved in the team project implementation
• Attach a screenshot of working on the section in HOL that you find the most interesting.
Preparation Of A Statement Of Financial Position And Statement Of Profit Or Loss And Other Comprehensive Income The Summarised Trial Balance Of Swish Ltd, A Clothing Retailer, Includes The Following Accounts At 30 June 2016: DR ($) CR ($)
Question 2 [15 marks]
Preparation of a statement of financial position and statement of profit or loss and other comprehensive income
The summarised trial balance of Swish Ltd, a clothing retailer, includes the following accounts at 30 June 2016:
DR ($) CR ($)
Sales revenue 3,245,000
Interest revenue 9,000
Rental revenue 73,000
Changes in clothing inventories 25,000
Purchases of clothing inventories 1,020,000
Administrative salaries 168,000
Advertising expense 38,000
Amortisation expense – patent 5,000
Annual leave expense – administrative staff 2,000
Annual leave expense- sales staff 4,000
Depreciation – administration office equipment 8,000
Depreciation – shop fittings 42,000
Depreciation – vehicles 6,000
Delivery costs – freight out 21,000
Doubtful debts expense 63,000
Electricity expense – administration office 4,000
Electricity expense – retail store 17,000
Goodwill impairment loss 20,000
Interest expense 19,000
Long service leave expense – administrative staff 2,000
Long service leave expense – sales staff 10,000
Promotion expenses 26,000
Rent expense – administration office 18,000
Rent expense – retail store 189,000
Sales staff salaries 285,000
Shipping supplies 12,000
Sundry expenses 4,000
Income tax expense 450,000
Gain on revaluation of delivery vehicles ($10,000 less $3,000 tax) 7,000
Cash on hand 17,000
Accounts receivable 545,000
Allowance for doubtful debts 83,000
Prepaid rent – retail store 20,000
Investment property 954,000
Deferred tax assets 23,000
Accumulated amortisation – patent 10,000
Trademark – at cost 35,000
Accumulated impairment losses – goodwill 20,000
Administration office equipment – at cost 46,000
Accumulated depreciation – office equipment 22,000
Shop fittings – at cost 614,000
Accumulated depreciation – sales equipment 96,000
Vehicles – delivery vehicles – at fair value 70,000
Accumulated depreciation – delivery vehicles 3,000
Accounts payable 63,000
Current tax liability 312,000
Bank loan 200,000
Provision for annual leave 37,000
Provision for long service leave 18,000
Deferred tax liabilities 3,000
Share capital – ordinary fully paid shares 500,000
Retained earnings at 1 July 2015 272,000
Asset revaluation surplus 7,000
All assets other than accounts receivable, cash, prepayments and inventories are non-current. All liabilities other than accounts payable, provision balances listed below and current tax liability are non-current.
Provision for annual leave includes $9,000 payable within 1 year.
Provision for long service leave includes $5,000 payable within 1 year.
On 1 January 2016, the vehicles were revalued from $60,000 to $70,000. The gain, which has been included in the trial balance above, is to be recognised in other comprehensive income in accordance with AASB 116 paragraph 39.
Swish Ltd uses the single statement format for the statement of profit or loss and other comprehensive income and presents an analysis of expenses by nature on the statement.
In relation to the statement of financial position, where AASB 101 requires entities to disclose further sub-classifications of the minimum line items on the face of the statement or in the notes, the directors of Swish Ltd want to report only the minimum line items on the face of the statement, and leave the sub-classifications to be disclosed in the notes.
Prepare the statement of financial position and statement of profit or loss and other comprehensive income of Swish Ltd for the year ended 30 June 2016 in accordance with AASB 101, using the line items that a listed company is likely to use. Show all workings. Notes and comparative figures are not required.
Question 2 Allocated marks
Statement of financial position 6
Statement of profit or loss and other comprehensive income 5
Explanations / workings provided appropriately 2
HI6026 ACCOUNTING THEORY & CURRENT ISSUES
TRIMESTER 2, 2016
Assessment Value: 20%
1. This assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook.
2. It is the responsibility of all students who have their name on the submitted work, to ensure that the work is in fact done by the group. NB: Incorporating another’s work or ideas into one’s own work without giving appropriate acknowledgement is academic malfeasance. Students should review all assignments for plagiarism checking (self-check) on Blackboard before final submission of hardcopy in the subject. For further details, please refer to the Subject Outline and Student Handbook.
3. Maximum marks available: 20 marks (e.g. 200/10 = 20).
4. Due date of submission: Friday Week 10, T2 2016
5. Assignment should be of an appropriate length (over 2,000; but under 4,000 words.
T2, 2016 ASSIGNMENT QUESTION
Bio-sustainable Feeds (BSF) Ltd., an Australian bio-research firm listed on the Australian Stock Exchange (ASX), has engaged research on sustainable aqua-culture feeds for two decades. Its research on a plant based feed (canola, corn, soya-bean, sunflower, etc., meal) costing $360 million AUD ($120 million collapsed when high-value piscavorian fish (e.g. fish eating species like salmon, trout, tuna, etc.) failed to thrive. Specifically, CBC (2016) noted that, while the plant-based fish feed was supposed to resolve the problem fish-based feed that are converted at a rate of 10.0 kg of low-value fish into 1.0 kg of high value fish (i.e. the normal conversion from a lower trophic level to a higher one), the conversion rate was actually 30.0 kg of plant based wet feed (before oven drying) to into 1.0 kg of high value fish—plus, over 1/3rd of the fish died (vs. less than 1/20th for the fish-based feeds), plus growing times nearly doubled, plus the mature fish were smaller (only 60 percent of the final weights of those grown on the fish-based feeds).
The above mentioned issues are compounded by accusations from environmentalists that diverting human-quality food crops into growing luxury fish is just as bad as diverting low-value fish into that production—it benefits the rich but puts the poor at increased risk of malnutrition or even starvation.
In response to the above issues, BSF Ltd. is researching the use of bacteria to produce fish feeds from wood chips, sugar cane residue, or recaptured methane gas (e.g. from dumps, sewage, food processing plants). The research, which has had some success at BSF Ltd. and other facilities (Rust, et al., 2011; Lothe, 2013; Sarker, et al., 2016), has cost BSF Ltd. $160 million AUD in research to date and is expected to cost another $200 million AUD in development costs to bring it to market.
BSF Ltd. received a $500 million AUD grant from the Commonwealth Scientific and Industrial Research Organisation (CSIRO, Federal Government of Australia) in return for BSF Ltd. spending at least $100 million AUD a year on alternative aquaculture feeds. CSIRO paid the funds to BSF Ltd. three years ago (in 2013), and (during those three years) BSF Ltd. has spent a total of $500 million AUD ($340 million plus $160 million) on research and has committed to spend $200 million in development cost over the next two years to develop an alternative aquaculture feed from the research done to date.
The expected net market value of the patent is $700 million AUD if sold in two years or $200 million AUD a year for 10 years if produced and sold (remember to adjust for two years) and the appropriate discount rate for this type of project is 8.0% pa.
CBC. 2016. Shift to plant-based fish feed could hurt health, environment, CBCNews Technology & Science, (23 Mar/16), Retrieved on 11 Jul/16 from: http://www.cbc.ca/news/technology/aquaculture-feed-1.3262922
Lothe, R. 2013. Fish feed-research may help reduce world hunger, ScienceNordic, 17 Mar/13, Retrieved on 11, Jul/16 from: 20 http://sciencenordic.com/fish-feed-research-may-help-reduce-world-hunger.
Sarker, P.K., Kapuscinski, A.R., Lanois, A.J., Livesey, E.D., Bernhard, K.P., Coley, M.L. 2016. Towards Sustainable Aquafeeds: Complete Substitution of Fish Oil with Marine Microalga Schizochytrium sp. Improves Growth and Fatty Acid Deposition in Juvenile Nile Tilapia (Oreochromis niloticus). PLOS ONE, 2016; 11(6), Retrieved on 11, Jul/16 from: http://journals.plos.org/plosone/article?id=10.1371/journal.pone.0156684.
Rust, M., Barrows, F., Hardy, R., Lazur, A., Naughten, K., & Silverstein, J. 2011. The Future of Aquafeeds, NOAA/USDA Alternative Feeds Initiative, NOAA Technical Memorandum NMFS F/SPO-124, Retrieved on 11 Jul/16 from: http://www.nmfs.noaa.gov/aquaculture/docs/feeds/the_future_of_aquafeeds_final.pdf.
Required (HI6025 ) T2, 2016 Marks
1) Structure & References 20 20 20 20
Discuss the nature and value to society of the research being done by BSF Ltd.
Discuss the problems with the early the research done by BSF Ltd.
Define and discuss the nature of and differences between research and development (R&D). Also, discuss how research and development are accounted for, why the differences, and why firms engage in R&D.
What is the fair market value patent—give your assumptions and calculations.
Show the full set of journal entries for the R&D transactions from 2013 to 2016 (include the grant from CSIRO) and explain your decisions—especially how you treated the CSIRO grant.
Remember to correctly allocate R&D costs between expenses and patent/capital. Explain how and why you valued the patent
BSF Ltd. management asserted in a prospectus that the patent values were predicated on BSF Ltd. having exclusive control over the bacteria-based feeds technology.1 How reasonable is that assertion—support your answer with references to current and recent (e.g. last decade or so) research.
1 Prospectus – a document describing the major features of a proposed business venture in enough detail so that prospective investors, participants, or buyers may evaluate it.
HI5003 Economics for Business
(More in your unit outline)
Topics for Individual essay DUE Class 6
Choose any One of the topics from the following list:
• Scarce resources- which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem!
• Micro economics – Choose any industry and discuss the reforms done or needed in that industry.
• Demand and supply of a product of your choice and factors that affect the demand and supply sides of the market.
• Market structures like Monopoly, Oligopoly and Monopolistic competition in Australia.
Structure of the Essay
• Introduction – which topic 200 words
• Body- Discuss the topic in the article and with some theory -700 words
• Conclusion 100 words
– More marks for research – choosing a good article on something specific topic from the above list
– There is no need to explain the theory/concepts in the essay on its own
– More marks for application and your comments on the topic
– You need to provide a link to the article with your essay. Also attach the safe assignment report with your essay, if a hard copy is required.
– Upload the soft copy on BB by Fri 5pm week 6.
HA3042 TAXATION LAW
TRIMESTER 2, 2015
INDIVIDUAL ASSIGNMENT 1
Assessment Value: 20%
• 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.
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.
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.
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?
Case Analysis: McDonalds 1.Read the McDonald’s Case Study located in the Case Study section of the text. 2.Write a summary of the case study. In your summary, be sure to discuss the external environment in which McDonald’s operates and how the environment influences its strategy. 3.Note: a summary is a comprehensive and yet brief form of the case study. It is considered a critical thinking exercise.
Your summary should be a minimum of 2-3 pages in length and must be in your own words. Include 3-5 references. Only one reference may be from the internet (not Wikipedia). A detailed explanation of how to cite a course using APA can be found here (link). Include a title page with your submission. Only the body of the paper will count towards the page requirement. Please see rubric below.
Would like to have by Sunday… early Monday at the latest.
The business environment is continuously evolving with the integration of new management trends developed to create opportunity and respond to challenges. Innovation often challenges the status quo of organizations and change agents in an organization must become entrepreneurs to meet those challenges.
You have been tasked to communicate to the VP of Human Resources about the need to prepare current staff for a more diverse workforce as a result of opening a new office in Miami, FL. This geographical area is known for its cultural, religious, and ethnic diversity in comparison to the company’s office in Topeka, KS.
Create a 2,100-word report analyzing the relationship between these concepts or topics:
Analyze the role of innovation in executing change strategies.
Assess managing diversity in the workplace.
Examine how technology facilitates the implementation of change in today’s workforce.
Explain how the workforce in the company will benefit from welcoming an inclusive and more diverse group of coworkers.
Explain the benefits and the opportunity that a more diverse workforce will create.
Include at least five peer-reviewed references.
Format your assignment consistent with APA guidelines.
Click the Assignment Files tab to submit your assignment.