Assignment Task: Read the
following Scenario, and prepare a Formal
Business & Financial Review Document with the guidelines provided.
– 100 Marks [6000 Words ( +/- 10%)
assignment below will help you to review and critically analyze financial and
management accounting principles, relevant accounting standards/ policies
applicable, and apply the relevant knowledge to evaluate the overall business
and management performance based on the current complex, volatile,
competitive and uncertain economic/business environment by reviewing
associated implications [restructuring, consolidation, acquisitions, cost
management strategies, disposal of assets, innovations & impact of
technological disruptions] within businesses.
are required to present a Formal Business & Financial Review Document,
that would contain a neatly designed Table
of Contents to capture the main and sub-topics in an orderly fashion which
should adhere to meeting the assessment standards and grading criterion:
Introduction: Choose a public listed corporation related to your
current work domain or preferred area of industry. This section would require candidates to research relevant financial and operational
performance of the organization by reviewing and understanding the 2018 & 2019 Annual Reports on the chosen
public listed company. The facts and figures will help the candidate to
answer below questions, and validate with relevant statistics.
1. Introduce the organization in the context of prevailing
macro-economic and business conditions by discussing the vision, mission and
planning strategies of the company. For the chosen organizations, evaluate
the financial and operational performance of the organizations by reviewing
the company’s annual performance (read through annual report for the year
2018 and 2019 for specific data) [10 marks].
of theory to practice [600 to 1200 words]: Demonstrate
meaningful understanding of accounting policies by critically reviewing the
accounting standards and policies by reviewing academic and non-academic
literature pertaining to its implications on the macro-environment. Critically debate the use/ misuse of
financial data in the practice of management accounting and financial
accounting. With respect to accounting standard, students are required to
present arguments and evaluate the significant differences between financial
accounting, management accounting, and thereby provide a meaningful explanation
of Accounting Standards –[ IFRS & US – GAAP], and in particular discuss
the impact of IFRS 9,15 &16 on your chosen company business, with special
focus on Balance Sheet impact from a utility and misuse perspective. Plan and
execute the management strategies of Cost Volume Profit, etc. for competitive
financial management. Figures can be cited from annual reports chosen above.
Analysis & Financial Interpretations [2000 words]: For the question below, in
addition to the chosen organization above, also select a competitor
organization for the chosen company. Financial data for FY 2018 and 2019 for
both the organizations will be used here.
ratios each for liquidity, profitability, activity, capital structure and
growth which should be critically interpreted and evaluated by comparing each
ratio between the chosen and the competitor organization. Interpret
each calculated ratio for both the organizations and comment on their
interpretation should be supported with the critical analysis of the macro
developments with impact of external operating environment on the performance
of the organizations. Evaluate and recommend future strategies which will
improve organizational sustainability. [25
Review on Budgeting Practices [1700 words]: Carry out a critical analysis which exhibits a suitable understanding of current
issues/concepts that are relevant for investigating existing practices of ‘Traditional
Budgets’ versus ‘Modern Age’ types of alternative budgeting and techniques in
Identify & contextualize budgeting
approaches which lead to enhancing operational performance by linking these
to the overall operational strategies & decision-making within large
critical debates must be produced to review the impact of ‘smarter’
technologies in the overall budgeting processes when examining forecasting
and management control processes.
Investment Appraisal Techniques [700 words]: If you were a Director of a public listed company and
had to present a significantly high value capital expenditure proposal to the
CEO, how would you critically evaluate investment appraisal techniques that
remain important when seeking an approval from the CEO.
Any capital expenditure
involves protecting shareholder interests & maintaining a careful balance
between risk and rewards, using the concept of ‘time value of money’, to
study the impact of choices between discounted cash flows and non-discounted
cash flow methods. Conduct thus a discounted and non-discounted cash flow
You are required to apply necessary
knowledge and understanding when examining investment appraisal techniques to
suggest, recommend and evaluate at least two popular investment appraisal
techniques that can be used & considered by managers/decision-makers in
the light of dynamic business & economic conditions. [15 marks].
& References: You should present the whole document in methodical manner and should
remain aligned to appropriately demonstrate correct application of the Harvard Referencing System (HRS).