ACCG350 Group and Individual Report Tassal Group (TGR)代写

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  • ACCG350 Group and Individual Report Tassal Group (TGR

    List of Companies for the Group and Individual Reports
    Name (ASX Code)
    A2 Milk (A2M)
    Adairs Ltd. (ADH)
    MYOB (MYO)
    Tassal Group (TGR)

    ACCG350 Group and Individual Report Tassal Group (TGR)代写
     
    ACCG350 Group and Individual Report Instruction, S2 2017
    Due date: Group Report is due at 11pm on 17 Oct. and Individual Report is due at 11pm on
    31 Oct.
    Submission: Submit the softcopy of Group and Individual Reports to Turnitin on iLearn.
    Group Report
    This is a group assignment of three or four students. You are required to evaluate and report on
    the most recent (FY2016 or FY2017 if available) Annual Report of an Australian company listed
    on ASX (The list of companies is provided below and to be assigned by your tutor), as if you
    were security analysts making a recommendation on whether your clients should invest in it.
    The report is to be written from the point of view of a sell-side analyst and should be directed at
    sophisticated investors, educated in accounting and finance. It is to include the following sections:
    1. Introduction, including a clear statement of objectives and an outline of the structure of the
    report.
    2. Business Strategy Analysis, including:
    •  Discussion of the environment: which and how economic and other relevant factors
    impact on the company’s operational environment.
    •  Discussion of competitive forces within an industry using the five forces framework.
    •  Conclusion of the prospects of industry profitability and growth based on the above
    analyses.
    •  Discussion of the company’s competitive and corporate strategy.
    •  Evaluation of the company’s strategy using SWOT analysis. Conclusion of the
    company’s prospects for profitability and growth.
    3. Accounting Analysis, need to:
    •  Identify the company’s ONE key accounting policy.
    •  Discuss how this accounting policy relates to the company’s operational and strategic
    factors. In other words, why it is considered as “key” based on your knowledge of the
    company.
    •  Identify areas that require the use of management judgement, and provide explanations.
    Conclude the level of accounting flexibility.
    •  Compare this accounting policy with a competitor’s, discuss the difference and what
    factors may cause the difference, and evaluate the quality of disclosure for both
    companies.
    2
    4. Financial Analysis, including the following:
    •  Presentation and interpretation of relevant ratios for the company and a competitor over
    the past three years, including analysis of the underlying drivers of the change in the
    company’s ROE.
    •  Discussion of the company’s operating, asset, and financial management, and explain
    plausible reasons for the trend of the company performance relating to economic,
    industry, operational or strategic factors. (Some factors should have been discussed in
    the Strategy Analysis.)
    •  Evaluation of the company’s cash flow position. Comments on cash flows from investing
    and financing activities: How did the company pursue its growth opportunities? How did
    the company fund its investment? How did the company utilize the cash flows for equity
    holders?
    Conclusion Section is optional for the group report as the individual report requires a brief
    summary of findings from each section of the group and individual reports (See the requirement
    for an individual report on page 3).
    The group report should be word-processed and professionally presented. It is to be
    approximately 15 – 20 single or 1.5 lines spacing pages in length, excluding references and
    appendices.
    All assumptions should be clearly stated and supported if possible. Both in-text references and
    bibliography should be provided. Commercial data services may be used to source Annual
    Report and other information. Any commercial data sources used should be acknowledged and
    referenced in the written report. Note that plagiarism from professional analysts’ reports can be
    easily identified and will result in a mark of zero for the report.
    Late submissions will have 10% of the group report mark deducted per day.
    If in any group, there are complaints that a group member has not contributed approximately
    equally then the complaint will need to be reported in writing to the Unit Convenor. Following
    such a report the Unit Convenor will discuss the issue with the group and the Unit Convenor
    may re-allocate marks appropriately.
    Students should consult with the Unit Convenor if further clarification is needed.
    List of Companies for the Group and Individual Reports
    Name (ASX Code)
    A2 Milk (A2M)
    Adairs Ltd. (ADH)
    MYOB (MYO)
    Tassal Group (TGR)
    3
    Individual Report
    This report is completed by an individual student based on the information gathered from the
    group report which the student participates. It is to include the following sections:
    5. Prospective Analysis, including:
    Forecasts:
    •  Forecasts of key elements of income statements and balance sheets for the company
    for the next THREE financial years.
    •  Presentation of these ‘condensed’ income statements and balance sheets (key
    elements only).
    •  Discussion of forecast assumptions, drawing on the insights from the Strategy,
    Accounting, and Financial Analyses.
    Valuations:
    •  Valuation of the company using two different methods. The discounted cash flow
    model must be used together with an alternative valuation model at your choice.
    •  Discussion of estimation of valuation parameters.
    •  Presentation of sensitivity analysis for different economic scenarios.
    •  Calculation of estimated value per share.
    6. Recommendation for the clients, drawing on the whole analysis of the company included
    in the group and individual reports, and including:
    •  A summary of findings from Strategy, Accounting, Financial and Prospective
    Analyses of the group and individual reports,
    •  A comparison of the estimated value per share with the market value, and a
    recommendation based on this.
    The individual report should be word-processed and professionally presented. It is to be
    approximately 5 – 10 single or 1.5 lines spacing pages in length, excluding references and
    appendices.
    All assumptions should be clearly stated and supported if possible. Both in-text references and
    bibliography should be provided. Commercial data services may be used to source Annual
    Report and other information. Any commercial data sources used should be acknowledged and
    referenced in the written report. Note that plagiarism from professional analysts’ reports can be
    easily identified and will result in a mark of zero for the report.
    Late submissions will have 10% of the individual report mark deducted per day.
    List of Companies for the Group and Individual Reports
    Name (ASX Code)
    A2 Milk (A2M)
    Adairs Ltd. (ADH)
    MYOB (MYO)
    Tassal Group (TGR)
    ACCG350 Group and Individual Report Tassal Group (TGR