Corporate Reporting (ACC2CRE) 公司财务报告 代写

  • 100%原创包过,高质代写&免费提供Turnitin报告--24小时客服QQ&微信:120591129
  • Corporate Reporting (ACC2CRE) 公司财务报告 代写


    Corporate Reporting (ACC2CRE)
     
    Group Case Study 20%
     
    Due date: Friday (5.00pm), 8 September, 2017
     
     
     
    1. The assignment is a compulsory group assignment and is worth 20% of the total marks of the subject.
    2.      The group should be comprised of four (4) students. It is the responsibility of students to form the groups. Only one copy of the group assignment must be submitted on behalf of the group by one of the group members.
    3.      You must keep a copy of your assignment (in hard copy form) until you receive the marked original back. If your assignment is lost and you fail to provide us with a copy of the assignment when requested, we will assume the assignment was not written and the penalties for late assignment will be applied.
    4.      The assignment must be presented in a professional manner (word processed).
    5.      Submissions must be properly referenced (Harvard referencing style).
    6.      Plagiarism is a serious matter; all students involved will be referred to the University’s appropriate authority.
    7.      Late submission will incur a penalty of one mark per day including the weekend. Late submission must be lodged with Course Coordinator only.
    8.      Application for extensions must be lodged with the Subject Coordinator before due date in writing for granting an extension (medical problems etc.).
    9.      Assignment must be submitted through the LMS.
    Note 1: Word limit 2,000.
     
     
    Question 1 (50 Marks) (Word Limit = 1000 words)
     
    Wild and van Staden (2013, p. 6) argue that stand-alone reports relevant to social and environmental activities are non-integrated. Therefore, they are not capable to evaluate business performance, strategy and potential for value creation for different types of stakeholders (cited in Bernardi, 2015). Integrated reporting evolves due to response to this criticism (Bernardi, 2015).
     
    Required:
    Critically discuss the above statement and briefly explain the role of integrated reporting by identifying the problems associated with tradition financial reporting. Choose a company listed on the ASX and identify whether the company prepare integrated reporting or not?
    References:
    Bernardi, C. 2015. The transparency of environmental, social and governance disclosures, integrated reporting, and the accuracy of analyst forecasts, Working paper. (available at: https://www.business.uq.edu.au/sites/default/files/events/files/bernardi_and_stark_i_august_2015_final.pdf).
    Wild, S. and van Staden, C. 2013. Integrated Reporting: initial analysis of early reporters – An institutional theory approach’, paper presented at the 7th Asia Pacific Interdisciplinary Research in Accounting Conference, 26-28 July, Kobe, Japan.
     
    Note 1: Word limit for Question 1 is 1,000.
    Note 2: Professional marks will be awarded for format, clarity and expression.
    Note 3: The presentation of Question 1 should include Introduction, Discussion, Conclusion and List of references.
    Note 4: You will be able to obtain electronic copies of articles by visiting La Trobe University Library website.
     
    Question 2 (50 Marks) (Word Limit = 1000 words)
     
    At the end of its financial year, Roxy Ltd. took the following information from its accounting books of record.
    Trial Balance as at 30 June, 2017
      Debit
    AUD $
    Credit
    AUD $
    Land 10,200,000  
    Buildings 40,000,000  
    Vehicle 2,500,000  
    Accumulated depreciation- buildings   4,000,000
    Accumulated depreciation- vehicles   500,000
    Investments 35,000,000  
    Cash at Bank 1,000,000  
    Accounts receivables 4,495,000  
    Inventory 21,500,000  
    Share capital   67,000,000
    Calls in advance   2,000,000
    Retained earnings***   2,600,000
    Mortgage payable on land and buildings   20,000,000
    Bank overdraft   7,500,000
    Accounts payable   2,000,000
    Sales revenue   24,000,000
     Interest on investments            1,000,000
     Rent revenue               750,000
    Cost of sales 11,000,000  
    Selling Commission expense 100,000  
    Delivery expense 200,000  
     Salaries: Travellers            450,000  
    Salaries: Administration 2,000,000  
     Directors fees             200,000  
     Audit fees               90,000  
     Interest on mortgage          1,000,000  
     Damage due to fire             150,000  
     General expenses          1,465,000  
      $131,350,000 $131,350,000
    *** Note: Retained earnings is after deducting last year’s final dividend of $2,500,000 and an interim dividends for this year of $1,500,000.
     
    Additional Information
     
    i.                     Depreciation on vehicles at the rate of 10% p.a. and on buildings at the rate of 5% p.a. for the whole year
     
    ii.                   The allowance for doubtful debts at 30 June 2017 is estimated to be $160,000
     
    iii.        Unrecorded and unpaid travellers’ salaries amount to $100,000
     
    vi     Prepaid general expenses amount to $15,000
                                                                
    v.         Income tax provided for totals $3,504,000
     
    vi     A final dividend is recommended for a total of $2,500,000
     
    vii.      $1,000,000 is to be transferred to a general reserve
     
    viii.              Land is revalued to its fair value of $11,000,000
     
    ix.. Roxy Ltd pays income tax at the rate of 30%.
     
    x.         On 21st June 2017, Roxy Ltd was notified of an impending legal suit for $17,000 against the company for breach of contract. The case was settled 15th July 2017
     
    xi.         The share capital consists of 67,000,000 ordinary shares of $1 each
     
    xii.        On 20 September 2017, Roxy Ltd issued 100,000 fully paid shares to acquire the net assets of ABC Pty Ltd at price of $2.5 per share.
     
    xiii.       On 28 July 2017 the Commonwealth government enacts legislation altering the company income tax rate from 39 per cent to 42 per cent for all income tax returns from 1 July 2017
     
    Required:
     
    1)      Prepare necessary adjusting journal entries for the above events.
     
    2)      Prepare a Statement of Comprehensive Income, a Statement of Financial Position and a Statement of Changes in Equity for ROXY Ltd for the year ended 30th June 2017 in accordance with the requirements of AASB 101.
     
    3) Prepare at least fifteen (15) notes to the financial statements according to the relevant accounting standards.

    Corporate Reporting (ACC2CRE) 公司财务报告 代写