Total Marks 25 % in written report + 10 % in video presentations Word limit 3000 words ±500 words • The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. • Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Harvard referencing style. Assignment Specifications Purpose: The first part of this assignment aims at developing a clear understanding of students on what skills, knowledge and experiences employers seek from Corporate Accountants and link the learnings objectives, outcomes and contents of the subject with the skills, knowledge and experiences sought by employers. The second part of the assignment aims at developing a clear understanding of students on different equity, liability, and comprehensive income items reported by companies/ corporate groups. Assessment task: Part A Collect AT LEAST 20 job advertisements on the position of ‘corporate accountant’, ‘corporate and management accountant’ ‘senior accountant’, ‘tax accountant’, ‘corporate financial accountant’ ‘corporate financial and management accountant’, ‘accountant corporate finance’, ‘senior financial accountant’ ‘senior 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 3/10 accountant: tax and corporate reporting’ or any other similar positions published by Australian employers in electronic or print media or in job search portals (such as seek, Jora, Indeed etc.) from the first week of the Trimester to the week 8 of the Trimester. Based on your collected advertisements, do the following tasks: 1. List all the personal attributes required from a corporate accountant that have been mentioned in the job advertisements that you have collected with your detailed understanding of each of the attributes. 2. List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in the advertisements that you have collected and analysed. 3. Based on the key roles, tasks, responsibilities identified from your collected job advertisements, how those key roles, tasks or responsibilities are related to the topics that you have learned in your MPA unit Corporate Accounting. 4. What additional topics, attributes or learnings outcomes are missing from your MPA unit Corporate Accounting that are listed on the job advertisement. 5. Critically examine the skills, experience and attributes needed to become a corporate accountant. Also, critically evaluate how the topics that you have learned in your MPA unit Corporate Accounting have helped you in gaining the skills, knowledge, experience and attributes needed to become a corporate accountant. Part B Select 1 (One) public limited company listed on the Australian Securities Exchange (ASX) that are in the same industry. The company must have subsidiary companies and must have prepared consolidated financial statements. Download the latest annual reports consecutively for last two years of the company that you have selected. Do not use your company’s interim financial statements or their concise financial statements. Please read the financial statements (balance sheet, income statement, statement of changes in owner’s equity) very carefully. Also, please read the relevant footnotes of your company’s financial statements carefully and include information from these footnotes in your answer. You need to do the following tasks: EQUITY & LIABILITY 6. From your company’s financial statements, list each item of equity reported and write your understanding of each item. Discuss any changes in each item of equity for your company over last two years articulating the reasons for the change. 7. From your company’s financial statements, list each item of liability reported and write your understanding of each item. Discuss any changes in each item of liability for your company over last two years articulating the reasons for the change. OTHER COMPREHENSIVE INCOME STATEMENT 8. What items have been reported in the other comprehensive income statement for each year? 9. Why have these items not been reported in Income Statement/Profit and Loss Statements? 10. Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two years. If these items were included in the income statement / profit and loss statements of each year, how would the profit attributable to shareholders of the company be affected? 11. Should other comprehensive income be included in evaluating the performance of managers of the company? Assignment Structure should be as the following: Abstract – One paragraph List of Content Introduction Body of the assignment with detailed answer on each of the required tasks Summary/Conclusion List of references ….. Marking criteria Marking criteria Weighting Abstract 1% List of content & overall presentation of the assignment 1% Introduction 1% Part A 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 4/10 List all the personal attributes required from a corporate accountant that have been 1% mentioned in the job advertisements that you have collected with your detailed understanding of each of the attributes. List all the key roles, tasks, responsibilities of a corporate accountant that have been 2% listed in the advertisements that you have collected and analysed. Based on the key roles, tasks, responsibilities identified from your collected job 2% advertisements, how those key roles, tasks or responsibilities are related to the topics that you have learned in your MPA unit Corporate Accounting. What additional topics, attributes or learnings outcomes are missing from your MPA unit 2% Corporate Accounting that are listed on the job advertisement. Critically examine the skills, experience and attributes needed to become a corporate 2% accountant. Also, critically evaluate how the topics that you have learned in your MPA unit Corporate Accounting have helped you in gaining the skills, experience and attributes needed to become a corporate accountant. Part B From your company’s financial statements, list each item of equity reported and write 2% your understanding of each item. Discuss any changes in each item of equity for your company over last two years articulating the reasons for the change. From your company’s financial statements, list each item of liability reported and write 2% your understanding of each item. Discuss any changes in each item of liability for your company over last two years articulating the reasons for the change. What items have been reported in the other comprehensive income statement for each 2% year? Why have these items not been reported in Income Statement/Profit and Loss 2% Statements? Provide a comparative analysis of the items shown in the other comprehensive income 2% statement section for the two years. If these items were included in the income statement / profit and loss statements of each year, how would the profit attributable to shareholders of the company be affected? Should other comprehensive income be included in evaluating the performance of 2% managers of the company? Conclusion 1% TOTAL Weight in Written Assignment 25% Video Presentation 10% Total 35% Instruction for video presentation: Based on your written assignment you will have to make a summary video presentation ranging for 10 minutes. Your presentation should explain the assignment tasks and your key findings. Your assignment will be marked based on the following criteria: Presentation Style (3 Content (4 marks) Clarity of the presentation marks) (3 marks) Excellent 3-2.5 4-3 3-2.5 Very good 2.5-1.75 3-2.5 2.5-1.75 Good 1.75-1.5 2.5-2.00 1.75-1.5 Satisfactory 1.5-1.00 2.00-1.00 1.5-1.00 Unsatisfactory 1.00-0 1.00-0 1.00-0 Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory 80-100% 70-79% 60-69% 50-59% 0-49% Abstract /1 Apply our judgement List of content & /1 Apply our judgement overall presentation of the assignment 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 5/10 Introduction /1 Apply our judgement PART A QUESTIONS PART A QUESTIONS List all the personal /1 A good number of A good number of A good number of A small number of Only few/no personal attributes required personal attributes personal attributes personal attributes personal attributes attributes have been from a corporate required to be a required to be a required to be a required to be a identified. No accountant that corporate accountant corporate accountant corporate accountant corporate accountant explanation has been have been have been identified have been identified have been identified have been identified provided. mentioned in the from the job from the job from the job from the job job advertisements advertisements with advertisements. advertisements. No advertisements. No that you have detail explanation of Explanation of a few explanation has been explanation has been collected with your each attribute. attributes have been provided for any of the provided for any of the detailed provided. attributes attributes understanding of each of the attributes. List all the key roles, /2 tasks, responsibilities of a corporate accountant that A good number of key A good number of key A good number of key A small number of key Only few/no key roles, roles, tasks or roles, tasks or roles, tasks or roles, tasks or tasks or responsibilities responsibilities of a responsibilities of a responsibilities of a responsibilities of a of a corporate corporate accountant corporate accountant corporate accountant corporate accountant accountant that have that have been that have been that have been that have been been mentioned in the have been listed in mentioned in the job mentioned in the job mentioned in the job mentioned in the job job advertisements the advertisements advertisements have advertisements have advertisements have advertisements have have been identified. that you have been identified. been identified. been identified. No been identified. No No explanation has collected and Detailed explanations Explanation has been explanation has been explanation has been been provided. analysed. have been provided for provided for a few of provided for the provided for the each of the identified the identified roles, identified roles, tasks identified roles, tasks roles, tasks or tasks or or responsibilities. or responsibilities. responsibilities. responsibilities. Based on the key /2 roles, tasks, responsibilities identified from your collected job advertisements, how those key roles, tasks or responsibilities are related to the topics that you have learned in your MPA unit Corporate 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 6/10 Accounting. What additional /2 topics, attributes or learnings outcomes are missing from your MPA unit Corporate Accounting that are listed on the job advertisement. What needs to be added or what Have demonstrated an Have demonstrated a Have demonstrated a Have demonstrated a Have demonstrated a excellent very good good level of very basic or just poor or no level of understanding of the understanding of the understanding of the acceptable level of understanding of the relation of the topics relation of the topics relation of the topics understanding of the relation of the topics included in the MPA included in the MPA included in the MPA relation of the topics included in the MPA unit Corporate unit Corporate unit Corporate included in the MPA unit Corporate Accounting with the Accounting with the Accounting with the unit Corporate Accounting with the key roles, tasks or key roles, tasks or key roles, tasks or Accounting with the key roles, tasks or responsibilities of a responsibilities of a responsibilities of a key roles, tasks or responsibilities of a corporate Accountant corporate Accountant corporate Accountant responsibilities of a corporate Accountant identified from the job identified from the job identified from the job corporate Accountant identified from the job advertisements. advertisements. advertisements. identified from the job advertisements. advertisements. Excellent discussions on Very good discussions A good discussion on A very basic or just Very poor or no the limitations of MPA on the limitations of the limitations of MPA acceptable discussions discussion on the Unit Corporate MPA Unit Unit Corporate on the limitations of limitations of MPA Unit Accounting. Have Corporate Accounting Accounting has been MPA Unit Corporate identified the topics has been provided. provided. Have clearly Corporate Accounting Accounting has been that need to be added Have clearly identified identified the topics has been provided. provided. Have not or omitted with the topics that need to that need to be added Have mentioned a few identified any topic excellent informed be added or omitted. or omitted without topics that need to be that need to be added reasoning provided in Have shown a good providing any added or omitted or omitted from the line with the job reasoning. reasoning. Or the without providing any MPA unit advertisements. reasoning is not reasoning. Corporate Accounting. Page 8 of 11 needs to be informed by the job omitted? advertisement. Critically examine /2 An excellent discussion A very good discussion A good discussion on A very basic or just Very poor or no the skills, on the skills, on the skills, the skills, experience acceptable discussion discussion has been experience and experience and experience and and attributes needed on the skills, provided on the skills, attributes needed attributes needed to attributes needed to to become a corporate experience and experience and to become a become a corporate become a corporate accountant. The attributes needed to attributes needed to corporate accountant. The accountant. The discussion is informed become a corporate become a corporate accountant. Also, discussion is informed discussion is informed by the job accountant. The accountant. The critically evaluate by the job by the job advertisements discussion is not discussion is not how the topics that advertisements advertisements analysed. Have informed by the job informed by the job you have learned in analysed. Have analysed. Have attempted to link the advertisements advertisements your MPA unit provided excellent provided good skills, experience and analysed. A very basic analysed. No 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 7/10 attempt Corporate discussion linking the discussion linking the attributes learned in attempt to link the to link the skills, Accounting have skills, experience and skills, experience and Corporate skills, experience and experience and helped you in attributes learned in attributes learned in Accounting. attributes learned in attributes learned in gaining the skills, Corporate Corporate Corporate Corporate experience and Accounting Accounting. Accounting. Accounting. attributes needed to become a corporate accountant. PART B QUESTIONS From your /2 Each items of equities Each items of equities Each items of equities Each items of equities Each items of equities company’s financial have been clearly have been clearly have been clearly have been clearly have not been clearly statements, list identified. identified. identified. identified. identified. each item of equity Demonstrate a clear Demonstrate a good Demonstrate a good Demonstrate a poor Demonstrate a very reported and write understanding of each understanding of each understanding of each understanding of each poor understanding of your understanding item of equity and the item of equity and the item of equity. Does item of equity. Does each item of. Des not of each item. reason for the change reason for the change not demonstrate an not demonstrate an demonstrate an Discuss any changes understanding for the understanding for the understanding for the in each item of reason for the change reason for the change reason for the change equity for your company over last two years Page 9 of 11 articulating the reasons for the change. From your company’s financial statements, list each item of liability reported and write your understanding of each item. Discuss any changes in each item of liability for your company over last two years articulating the reasons for the change. What items have been reported in the other comprehensive income statement for each year? Why have these items not been reported in Income Statement/Profit and Loss Statements? /2 /2 /2 Each item of liability Each item of liability Each item of liability Each item of liability has been clearly has been clearly has been clearly has been clearly identified. identified. identified. identified. Demonstrate a clear Demonstrate a good Demonstrate a good Demonstrate a poor understanding of each understanding of each understanding of each understanding of each item of liability and the item of liability and the item of liability. Does item of liability. Does reason for the change reason for the change not demonstrate an not demonstrate an 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 8/10 understanding for the understanding for the reason for the change reason for the change All items of the other All items of the other Items of the other An attempt was made comprehensive income comprehensive income comprehensive income to identify Items of the statement have been statement have been statement have been other comprehensive clearly identified identified with minor identified with major income statement errors errors An excellent reasoning An excellent reasoning An excellent reasoning A good reasoning has has been provided as to has been provided as to has been provided as to been provided as to why other why other why other why other comprehensive income comprehensive income comprehensive income comprehensive income items are not shown in items are not shown in items are not shown in items are not shown in the income statement the income statement. the income statement. the income statement. with reference to the Reference to the No reference to the No reference to the requirement of the requirement of the requirement of the requirement of the specific Accounting specific Accounting specific Accounting specific Accounting standards. standards has been standards has been standards has been made with some errors. made. made. Each item of liability has not been clearly identified. Demonstrate a very poor understanding of each item of. Des not demonstrate an understanding for the reason for the change Items of comprehensive income statement have not been identified A poor/incorrect reasoning has been provided as to why other comprehensive income items are not shown in the income statement. Or has mentioned that the other comprehensive income items can be shown in the income Page 10 of 11 Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two years. If these items were included in the income statement / profit and loss statements of each year, how would the profit attributable to shareholders of the company be affected? Should other comprehensive income be included in evaluating the performance of managers of the company? Conclusions statement. No reference to the requirement of the specific Accounting standards has been made. /2 An excellent A very good An attempt has been Comparative No acceptable comparative discussion comparative discussion made to provide discussions have not discussion has been has been provided on has been provided on comparative been provided, only a provided. the two years. the two years. discussions but could general discussion has 21/01/2021 [In Process] 62864 – Total Marks 25 % in written report + 10 https://www.australiabesttutors.com/Recent_Question/62864/Total-Marks-25–in-written-report–10–in-video-presentationsWord 9/10 not do it quite well been provided /2 An excellent argument A very good argument A good attempt has An attempt has been No acceptable has been provided on has been provided on been made to provide made to provide an discussion has been why the other why the other an argument on why argument on why the provided. comprehensive income comprehensive income the other other comprehensive should not be included should not be included comprehensive income income should not be in evaluating the in evaluating the should not be included included in evaluating managers’ managers’ in evaluating the the managers’ performance. performance. managers’ performance but could performance. not clearly make the point /1 Apply our judgement
