This quiz will assess your knowledge of key content areas (Week 1 & 2 content) and to identify further support needs. For successful completion of the quiz, you are required to study the material provided (lecture slides, tutorials, and reading materials), engage in the unit’s activities, and in the discussion forums. The prescribed textbook is the main reference along with the recommended reading material.
Marking Information: The quiz will be marked out of 20 and will be weighted 10% of the total unit mark.
The purpose of this assessment is to write a clear and objective summary of the original text. To write the assignment, you need to select One recent article published in peer reviewed journals relevant to the topic of contemporary issues in Financial Accounting in Australia. Student need to provide a link to the article summary that will be inserted in their article summary page and a full reference.
Guidelines for writing a summary of an article:-
• State the main ideas of the article.
• Identify the most important details that support the main ideas.
• Write in your own words and avoid copying phrases and sentences from the article unless they are direct quotation.
• Express the underlying meaning of the article, not just the superficial details.
• Your summary should be max 1000 - 1500 words.
• provide a link to the article summary that will be inserted in their article summary page and a full reference.
“The role of financial accounting in Australia in this changing business environment”.
The major consideration for financial accounting in Australia is to match with international accounting standard.
In this assignment, students should write an individual report to provide a critical analysis on any one feature of differentiation in treatment of accounting aspect between international accounting standard and Australian accounting standard. The students also required to submit power point presentation with this assessment.
You are to review a company’s annual reports for the year end 2015, 2016 & 2017.
You can either download the complete report or review relevant sections of the report individually. However, you must download the financial statements (income statement, balance sheet, statement of cash flow).
a) You are required, by using ratios, to show the profitability, liquidity, efficiency and gearing of the company for the years 2015, 2016 and 2017. You should include calculations for at least three ratios, if relevant, from each of the categories as listed.
b) Provide a report to management giving advice based on your results from your calculations of the above ratios. (500 words).
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