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HI5017 Managerial Accounting
Trimester 2 2018
Individual Assignment
Assessment Value: 30%
General Instructions:
1. This assignment is to be submitted in accordance with assessment policy stated in
the Unit Outline and Student Handbook.
2. 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 Unit Outline and
Student Handbook.
3. Maximum marks available: 30 marks. Refer to marking rubric for marking criteria.
4. Assignment should be of 3,000 words. Please use “word count” and include in
report. Presented in Calibri font size 12
5. Due date of submission: Week 10, Sunday at 12.59 p.m.
Format of the Report:
1. You should at least have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections required and with
appropriate section headings
e. Conclusion
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced.
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Instructions for Preparation of Assignment:
1. You are to choose one management accounting topic from the list below for this
assignment, and register your chosen topic with your lecturer in class or via email
before commencing the assignment.
2. Select one topic only:
? Activity-based costing (ABC)
? Budgeting
? Standard Costing
3. Select two research-based journal articles relating to your selected topic in (1).
The journal articles need to study a real-life organisation (in any country), and its
use of the management accounting tool related to your topic.
You are encouraged to choose the two journal articles from the following
Accounting and Management Accounting Journals:
? Accounting, Auditing and Accountability Journal
? Journal of Management Accounting Research
? Journal of Applied Management Accounting Research
You can access these journals in Proquest Database by clicking on the above
Links. Log in details for Proquest are – username: Holmes2004; password:
holmes. These journals can also be accessed via the Proquest Database link
available via the Student Login page in the Holmes website.
Assignment Requirements:
You are required to prepare a report about your findings from the literature research,
and discuss how it has helped your understanding of your chosen topic. The report
should cover the following:
a. An explanation of the selected management accounting topic.
b. An explanation of the purpose of the two studies and what research
question(s) they set out to explore about the topic.
c. A discussion about the similarities and differences in the findings of the two
studies.
d. Provide four (4) specific outcomes or lessons learned from the two studies’
research findings that will be useful for management accountants in Australian
companies to learn from, and justify your answer [i.e. provide 2 outcomes from
each study].
HI5020 Corporate Accounting
Assessment item 2 — Assignment
Due date: 11.59pm Friday Week 10
Weighting: 30 %
Total Marks: 30
Instructions:
1. This assignment needs to be submitted using safe-assign. No hardcopy or email attachment will
be accepted.
2. It is the responsibility of the student who is submitting the work, to ensure that the work is
her/his own work. Plagiarism will be heavily penalised
3. Assignment should be of 3,000 words. Please use “word count” and include in report.
Format of the Report
Your submitted assignment at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. Executive summary
c. A table of content
d. A brief introduction of the companies you had chosen and an overview of what you
discussed in this assignment
e. Body of the report where you write your answers with appropriate section headings
f. Conclusion (No recommendation is necessary).
g. List of references. (Inclusion of any references in this list without in-text referencing will
be a futile exercise.)
Assessment task
Select two public limited companies listed on the Australian Securities Exchange (ASX) that
are in the same industry. Go to the website of your selected companies. Then go to the Investor
Relations section of the website. This section may be called, “Investors”, “Shareholder
Information” or similar name.
In this section, go to your companies’ annual reports and save to your computer your firms’
latest annual reports consecutively for last three years. Do not use your companies’ interim
financial statements or their concise financial statements. Please read the financial statements
(balance sheet, income statement, statement of changes in owner’s equity, cash flow statement)
very carefully. Also please read the relevant footnotes of your companies’ financial statements
carefully and include information from these footnotes in your answer.
You need to do the following tasks:
OWNERS EQUITY (5 Marks)
(i) From your companies’ financial statements, list each item of equity and write your
understanding of each item. Discuss any changes in each item of equity for your
firms over the past year articulating the reasons for the change.
(ii) Provide a comparative analysis of the debt and equity position of the two firms that
you have selected.
CASH FLOWS STATEMENT (5 Marks)
(iii) From the financial statement of your chosen companies, list each item reported in
the cash flows statement and write your understanding of each item. Discuss any
changes in each item of cash flows statement for your companies over the past years
articulating the reasons for the change.
(iv) Provide a comparative analysis of your companies’ three broad categories of cash
flows (operating activities, investing activities, financing activities) and make a
comparative evaluation for three years.
(v) Also provide a comparative analysis of the two companies that you have selected
explaining the insights that you can get from the comparative analysis.
OTHER COMPREHENSIVE INCOME STATEMENT (5 Marks)
(vi) What items have been reported in the other comprehensive income statement for
each company?
(vii) Why have these items not been reported in Income Statement/Profit and Loss
Statements?
(viii) Provide a comparative analysis of the items shown in the other comprehensive
income statement section for the two companies. If these items were included in the
income statement / profit and loss statements of each company, how would the
profit attributable to shareholders of the company be affected?
(ix) Should other comprehensive income be included in evaluating the performance of
managers of the company?
ACCOUNTING FOR CROPORATE INCOME TAX (15 Marks)
(x) What are the tax expenses shown in the latest financial statements of the two
companies that you have selected?
(xi) Calculate the effective tax rate for both companies that you have selected.
Effective tax rate is calculated as (income tax expense / earnings before tax).
Which one of the companies has the higher effective tax rate?
(xii) Comment on deferred tax assets/liabilities that is reported in the balance sheet
articulating the possible reasons why they have been recorded.
(xiii) Was there any increase or decrease in the deferred tax assets or in the deferred tax
liability reported by each of your selected companies?
(xiv) Please calculate the cash tax amount for both companies using the book tax
amount, changes in the deferred tax assets and deferred tax liability (please do
your own research for your better understanding of these concepts and the method
of calculating the cash tax amount the book tax amount.)
(xv) Calculate the cash tax rate for both companies. Which company has higher cash
tax rate? (Please do your own research to familiarise yourself with how to
calculate cash tax rate).
(xvi) Why is the cash tax rate different from the book tax rate?
Please remember some aspects of your companies’ treatment of tax can be a very complicated
area, particularly for some companies. For a better understanding of the concepts included in
the assignment that has not been introduced in the class, please do your own research.
PRESENTATION
You might have to do a presentation in the class where your lecturer will question you from
different angles of the assignment and you will have to satisfy the lecturer that you were
sufficiently and appropriately involved in preparing the assignment. The presentation will take
place in the last hour of the classes of week 11 and week 12. It is the discretion of the lecturer
either to ask any student to do the presentation or to award marks to a student without asking
to do the presentation. However, every student needs to be prepared for the presentation and
well conversant about everything that has been written in the submitted assignment.
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assignment-gu….txt
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