planner and assignment

MAA103 Accounting for Decision Making

NOTE the following general submission points continued:

3. OnlyONE HARDCOPY of assignment planner and final assignment per groupis to besubmitted. YouMUST include anASSIGNMENT COVER SHEET only for your hard copy version of your final assignment with all names included. Each student must submit aseparate Assignment Cover Sheetwith the HARDCOPYof their final assignment.If anassignment cover sheet is not attached NO MARKS will be given.

Additionally, ONE copy of theAssignment Mark Sheet (attached on page 9 of this assignment) must also be submitted with your assignment.

DoNOT submit assignment in a plastic folder or plastic pocket.

4. This assignment consists ofTWO components -anassignment planner ANDfinal assignment: both components must be completed.

Submission of your Assignment Planner will carry two (2) marks which will be awarded with the final assignment submission(see page 4 for requirements)

5. THE ASSIGNMENT PLANNER AND FINAL ASSIGNMENT MUST BE TYPED.The finalassignment must be SINGLE SIDED, using Arial12 font size,properly referencedandideally 1.5 line spacing (refer to toassignment writing and referencing booklet) and include aREFERENCE LIST(minimum of 6 references should be used) in alphabetical orderoutlining the textbook(s) and any articles, electronic sources etc. used.The Harvard styleshould be used for referencing and citations. Marks will be deducted if your workis not properly referenced or a reference list not attached. Read and adhere to the Assignment Submissionand Plagiarism Notice on page 6 of your unit outlinecarefully.

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If students are found copying from other students or using a previous

assignment to complete this assignment then a ZERO result will be awarded.

6. Hardcopy of assignments cated in building la on level 4 MIBT (next to room la4.111) by the due date.

7. Word limit for report is 2000 words minimum to 2500 words maximum(word limitexcludes reference list and appendices).

NOTE:Assignments submitted late and without prior approval will be penalised. A penalty of

10% of the available marks will be deducted for every day the assignment is late. Assignmentsreceived after a week, and without approved extension, will not be marked. These will be held until final grading and may be taken into consideration in a pass/fail situation.

Please note that, an extension will only be given by the Unit Coordinator/lecturer and must be requested at least 48 hours prior to submission date.

Please read checklist guidelines on page 8 of this document.

Trimester 3, 2012-13 Page 2

MAA103 Accounting for Decision Making

Final Assignment requirements:

2000 words minimum to 2500 words maximum(excluding appendices andreference list)for final assignment.

Adeduction of 2 marks will apply if the number of words is 10%under 2000 words or over by more than10% of 2500 words.

Assignment Objective:The objective for this assignment is for you to perform andinterpret financial ratios, that is, provide ratio analysis of financial statements over a two year period (2011 through 2012) and together with allother relevant information, advise on these organisations as investment opportunities. The companies to be analysed are:

1. Myer Holdings Ltd.

2. Harvey Norman Holdings Ltd.

Myer Holdings Ltd.

Harvey Norman

Holdings Ltd.

KEY RATIOS

2011

2012

2011

2012

Gross Profit Margin

44.07%

46.80%

27.43%

27.14%

Net Profit Margin

9.65%

8.80%

15.05%

14.07%

Return on Equity

19.05%

16.04%

10.68%

8.85%

Asset Turnover (Times)

1.35 times

1.36

0.387times

0.3561 times

Return on Assets

9.59%

8.55%

6.66%

5.93%

Inventory Turnover (Days)

52.5 days

53.9 days

4.62 times

5.34 times

Debtors Turnover (Days)

0.67 days

0.64 days

257 days

240 days

Creditors Turnover (Days)

50 days

47.9 days

212 days

Current Ratio

0.81

0.88

1.64

1.63

Quick Ratio

0.12

0.11

1.3

1.35

Debt Asset Ratio (Total Debt)

56.36%

54.29%

42.63%

44.34%

Debt Equity Ratio (Total Debt)

1.29

1.18

0.743

0.7967

Times Interest Earned (Times)

7.25 times

7.73 times

9.69 times

5.59 times

Please note all ratios provided have been taken from the database Finanalysis and some have been calculated manually. Please accept these ratios as a given. You are not required to show calculations for the ratios provided above.

Trimester 3, 2012-13 Page 3

MAA103 Accounting for Decision Making

REQUIRED

Assignment Planner requirements:

After forming your groups, complete, TYPE and submit through MOODLE via MIBT PORTAL, as well as a HARDCOPY of the documents on pages 10 and 11by the due date listing each of the group members names, your plan and timeline for completing the assignment.That is, a plan and timeline of how youand your group members will research and prepare the assignment (this means that your groups should be organised and a discussion amongst members should have taken place together with some preliminary research on the two companies and financial statement analysis).The plan should bebrief. It may be inkey point format and chronological showing your progress to the due date.

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In addition, a list of 6 references which you plan to use to assist with your report preparation should also be submitted.This may include electronicdatabases, texts, journals or other references, butdoes not includethe companyannual reports, websites or the prescribed textbook.

Each person in a group must submit an electronic copy via the MIBT PORTAL. Each group must also attach ONLY ONE HARDCOPY of the planner (pages 10 and 11) to their final hardcopy assignment as an appendix. This will be worth 2 marks. If you choose not to submit the planner, 2 marks will be deducted from your final assignment result.

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Please Note: The Assignment Planner has been uploaded as a document file on the portal to assist you with your typing.

Purpose of the Planner

The purpose of the Planner is to encourage you to start working on the assignment early. We, the unit team, are aware that you can all submit a report by the due date, but often students do not commence working on the task until the last minute and this, unfortunately, has been reflected in the marks attained. This assignment does involve quite an amount of research and the staff want to support you in achieving the best result you can. Therefore the aim of the Planner is to get you started much earlier, and also develop your problem-solving skills and initiative in researching.

Developing and refining these skills will not only assist you in your studies but will also be of great benefit in the workplace and in your career progression. Since the introduction the Planner student results both in the Planner and the unit overall have increased and the feedback has been positive.

Business Report requirements:

Prepare a formal business report, containing the appropriate sub-headings (please see report format on page 7 for sub-headings to be used). Also use the marking grid on page 9 as a checklist of what to cover and sub-headings to use.

Trimester 3, 2012-13 Page 4

MAA103 Accounting for Decision Making

In your final report submission you are required to specifically address the following:

(a) 2 marks

Introduction- In your own words provide a brief, non-financial, overview of both organisations, describe their business activities and the aim of your financial analysis(maximum 250 words).

(b) 10 marks

In thebody of the report (as per point 5 in the attached Suggested Formal Case report structure)-analyse the:

Profitability

Efficiency and

Financial stability – both short-term and long-term

of both companies, using the ratios givenand any other appropriate information.

Use sub- headings for the above areas of discussion (please see report format for sub-headings to be used). Under each area of discussion you should:

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1. Identify and briefly define ratios of both companies over the years.

2. Compare ratios from one year to the other and between companies.

3. Give reasons as to why these ratios have changed over the years and why one company is better than the other.

4. Discuss any other information not given in this assignment that would help your analysis.

Your discussion must be an interpretation and analysis of results not merely a restatement of the ratio results.

Analysis and Interpretation of ratios

For both companies, review the financial ratios (as provided) for the 2011 and 2012 financial years on a consolidated basis. A summary of any additional ratio calculations for 2011/2012 years or prior years to 2011 should be included by way of Appendix, although results are best reported in a Table (report style) within the Ratio Interpretation section.

Your aim should be to guide the reader through your analysis in a professional report style manner. Use consolidated figures only. Interpret and compare the ratios by analyzing the potential factors and strategies driving the financial trends by referring to the notes to the financial statements and the financial press (for example, The Age, Australian Financial

Review, The Australian, etc.)or other documentation about Myer Holdings Ltd. and Harvey

Norman Holdings Ltd. In your analysis specifically address profitability, operating efficiency and financial stability (as per the attached marking sheet). Consider all factors you believe would be relevant to performance and future investment decisions such ascustomers, competitors, business strategy and markets.

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Please appropriately reference all sources. Please number and label all tables and figures and make reference to the appropriate table or figure number in your discussion/analysis section of your report.

Additional areas you may wish to investigate could include (but not be limited to) items such as what are the largest expenses and assets, profit margins and how, or why, do these compare or differ between these two companies and the industry sector. Are properties leased or owned? Are the two years representative or comparable with earlier years? Are these potential investments suitable for all types of investors?

Trimester 3, 2012-13 Page 5

MAA103 Accounting for Decision Making

Limitations (1 mark) –

Identify and discuss any limitations(as per point 7 in the attached Suggested

Formal Case Report Structure) to your analysis. At least4 limitations required to be identified .

Conclusions and Recommendations (3 marks) –

Offer a definite recommendation(as per point 8 in the attached Suggested Formal

Case Report Structure) to a shareholder on which company you think is a better investment option perhaps in the short term or longer term,including appropriatejustification based on your analysis. Are these good investment options? Within yourrecommendation also consider the limitations of your analysis that the investor should consider in their decision.

There WILL be additional information or other relevant ratios you need to calculate to give an informed recommendation . You should incorporate your additional research into the appropriate discussion areas of your report, using additional sub-headings where necessary.

(d) 4 marks

Up to 4 marks will be awarded for evidence and use of relevant and appropriate research material throughout the report; this includes primarily the use ofcurrent financial press such as The Age, Australian Financial Review, calculation of additional ratios and other relevant and current sources. Please ensure all references are quoted and used in your report.

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This is a business research assignment and students will be rewarded for evidence of wider reading and research of the companies and industry.

You must include a correctly preparedlist of references (as per point 9 in the attached Suggested Formal Case Report Structure).A penaltyof up to 2 markswill be deducted for inappropriate format or inappropriate referencing.See thefollowing website for assistance on how to prepare a reference list:www.deakin.edu.au/studentlife/academic_skills/undergraduate/handouts/reference.php

PLEASE NOTE:

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When preparing the report, the following points should be followed:

attached.

Use appropriate sub-

attached.

For each sub-heading make sure you address the relevant points as per instructions in this assignment.

The financial statement discussion should be kept brief and to the point.

However, it should not merely be a re-statement of the ratio results. It must be a brief

relates to the recommendation to be made.

Attach appropriate ratio calculations as an appendix to the report.

A reference list using an appropriate and recognised format must be included at the end of the report.

The mark sheet attached gives you a clear indication of how the report will be marked.

Trimester 3, 2012-13 Page 6

MAA103 Accounting for Decision Making

FORMAT OF REPORT

Your answer to the final assignment must be presented as aformal businessreport.

Whilst there are various formats for a formal business report that may be followed, we suggest using the following.

Suggested Formal Case Report Structure

1. Title page appropriate title for the report, who it is for and your details

2. Executive summary(This isNOTan Introduction) separate page

Maximum of 1 paragraph, explaining what you have done as well as the significant findings and recommendations.

3. Table of contents(include page numbers) separate page

4. Introduction(separate page) refer part (a)

A short summary of the situation and what analysis is about to be conducted Maximum 2 paragraphs

5. Body of the report containing your analysis, including appropriate sub-headings to address part (b)

Profitability Efficiency

Financial Stability short-term and long-term

6. Additional or Other information relevant to your report – part (b)(separate page)

7. Limitations part (c)(separate page)

8. Recommendations part (c)(separate page)

9. List of references

(also available on the MIBT PORTAL) or on the following guidelines:

www.deakin.edu.au/studentlife/academicskills/undergraduate/handouts/reference.php

10. Appendices(attached to end of report)

these contain material that is too bulky to include in the body (e.g. ratio calculations, tables, diagrams), and

material that is essential to explain a point that would distract the reader from the main message if included in the body of the report

An additional resource on various aspects of academic study, including report writing, is available on the below site or from the libraryhttp://www.deakin.edu.au/studentlife/academicskills/undergraduate/index.php

Your report should be single sided.

Trimester 3, 2012-13 Page 7

MAA103 Accounting for Decision Making

CHECKLIST – SUMMARY OF REQUIREMENTS:

Make sure your assignment consists of the following before submission:

1. Submit viaMIBT PORTAL Assignment Planner and Final Assignment.

2. Assignment Cover sheetas the front page to the hardcopy of your final assignment.

This must includeALL names and student MIBT ID. numbers of group members.

3. Final assignment Your formal business report analysing both companies.

A HARD COPY OF YOUR ASSIGNMENT (ONE PER GROUP) MUST BE SUBMITTED FOR MARKING.ALL STUDENTS MUST SUBMIT ELECTRONICALLY FOR VERIFICATION AND BACK UP PURPOSES. Please include on your front title pageALL names and student numbers of group members.

4. Appropriate final reference list(at least 6 referencesrequired to be used and listed inalphabetical order). TheHarvard styleshould be used for referencing and citations.

5. ONE copy of the Assignment Mark Sheet (on page 9 of this assignment) as the last page.

6. The Mark Sheet must indicateALL the names and student ID. numbers of each member of the group.

7. Where there are three group members, the report must reflect the work and effort of three.

8. Attach as an appendixa copy of your previously submittedAssignment Planner to your final group copy submission.

PLEASE NOTE: It is the hard copy of your submission that is marked NOT the MIBT PORTAL electronic copy

Trimester 3, 2012-13 Page 8

MAA103 Accounting for Decision Making

MAA103/MAAP103 Assignment Mark Sheet Trimester 3, 2012-13

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NAMES: ID No.:

COMMENT

MARK

POSSIBLE

ACTUAL

REPORT

Introduction &

Appropriate Format

Profitability

Efficiency

Financial Stability

Short-term

Financial Stability

Long-term

Limitations of Analysis

Recommendation

Evidence of wider reading

and research

Deductions:inappropriate

Failure to submit Assignment

referencing,

Planner will incur a 2 mark

Failure to submit Assignment

penalty.

Planner

ASSIGNMENT TOTAL

General Comments:

NOTE: This assignment represents 20% of your assessment for this unit.

Trimester 3, 2012-13 Page 9

MAA103 Accounting for Decision Making

MAA103/MAAP103 Assignment Planner Trimester 3, 2012

STUDENT GROUP NAMES:

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(Assignment CAN NOT be completed with students from other accounting classes)

ID No.: Class Time/Day:

SECTION B:

DATE:

BRIEF DETAILSOF HOW YOU INTEND TO PROCEED

NAME OF STUDENT(S)

TO COMPLETE REPORT:

COMPLETING

SECTION(S):

Trimester 3, 2012-13 Page 10

MAA103 Accounting for Decision Making

MAA103/MAAP103 Assignment Planner Cont.

List6 referencesthat will be used in your research:

NOTE:The references included in the planner may include a combination of electronic databases, texts, journals or other references, butdoes not include the companyannual reports, websites or the prescribed textbook. The company annualreports, websites and prescribed textbook would need to be included in your final reference list attached to your report. This reference list may differ from your final reference list.

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Trimester 3, 2012-13 Page 11

Devry BSOP429 week 3 assignment

Chapter 13 Developing Information Systems

CHAPTER 18THE FEDERAL GIFT AND ESTATE TAXES

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