| November 9, 2018


DATE:Written work – Friday, 23 May 2014(The portal will close at 11.00pm AEST –
Students in Adelaide and Brisbane please note to adjust for the
time difference accordingly).
Presentation – during the tutorial in the week beginning 19 May

Submission:The written component of the assignment will
need to be submitted
electronically through the
student portal – use the link under “Assessments and Revision” to
submit the information.
Presentation will be made in class and marked accordingly
Learning Outcome 4:Develop written and oral
communication strategies to enable the
effective presentation of
accounting information to accountants and non-accountants.

write a memorandum to the board of directors
members have varying
degrees of accounting knowledge or understanding) and then present
your findings addressing
the issues noted in the assignment details. Your group presentation
will be limited to 10 minutes
(per group) and each member of the group must present a part of it demonstrating individual oral
presentation skills. A separate mark will be given to each
member of the team for
presentation skills.

The Assignment is designed to test the following skills:
1.Yourknowledgeand your
ability toresearchthe
issues and thenapplythe
appropriately usingjudgement;

2.Yourcommunication skills– oral
presentations and memo writing.
Part A Technical Component (15%) –This mark
covers the technical content of your advice
and the explanation on
each of the issues, the calculations and the sources and references
used, and the format of
the memo as well as the group technical knowledge during the

Part B Communication Skills – Oral presentations (10%) –This mark
covers the
presentation skills of the
individual student.
Please make sure you
follow the guidelines noted in your subject outline especially those
relating topresentation of written work, late policy and academic integrity. You
also familiarise yourself
with the assessment marking rubric (attached) to guide you in how
you can score marks.

ACCM 4300
Financial Accounting & Reporting 2
Trimester 1, 2014

Details of Assignment:

Research Assignment – Written Memo and Presentation
You are required to form a
team (group) of 3 to 4 members. Let your lecturer know the
names of your team
members. Select a set of financial statements for a group of
companies and obtain approval
from your lecturer for the group of companies that you
have selected. Please note
that two person may not work on the same group of
companies so if another
team has already registered their interest in the particular group
of companies you will be
requested to select a different group of companies.
Read the annual report
including the financial statements of the group and write a
memorandum to the board of
directors clearly explaining some of the technical aspects
of consolidation. Make
sure thatyou draw on the group’s
specific detailsto explain
the intricacies of
consolidation to the board, and as much as possible avoid answering in
general terms. Some of the
aspects that you need to cover as a team are:
1. The composition of the
group; namely the subsidiaries, associates, any joint ventures
and any other significant
2. Why did the parent
entity have to prepare consolidated financial statements when the
subsidiary company is a
separate legal entity in its own right?
3. The non controlling
interest – where would you find it in the financial statements and
what does it represent?
Details of any direct and indirect non controlling interest?
What does it mean? Is it
important to show it separately? Why or why not?
4. Has there been any goodwill
on acquisition? Or any gain on bargain purchase?
Where would you find it in
the financial statements and what does it mean? Any
5. Intra-group
transactions and balances: How much are they? In which set of financial
statements will we be able
to locate them? Are they an important part of the
consolidation process? Why
or why not?
6. Does the group have any
foreign subsidiary companies? How have they been
accounted for in the
financial statements?
7. Does the published set
of group financial statements reveal the company’s policy on
sustainability? Corporate
governance? Audit committees? Solvency? Where and

Team Research Assignment – Written Memo and Presentation

8. Any other relevant
matter that you may wish the board of directors to make note of in
respect of some
transaction or event, balance of account or disclosure that will assist
them in understanding the
financial statements of the group.
Note: You are not required to present your complete answer in the
oral presentation
by your group but can choose to present a part of your assignment
within the 10
minute time frame
Team Meetings
1. The team should have a
minimum of three meetings (the team may have as many
meetings as they need to)
and should maintain minutes of those meetings detailing –
2. Where the meeting was
3. People present; absent;
4. What was discussed and
agreed on;
5. The follow up action
relating to each member of the team;
6. Any other relevant
matter, things you agreed or disagreed on etc.
The team meeting minutes
should be included with the written copy of your
assignment as an
Note:The assessment marking rubrics is a separate document and you are
advised to
read through it to obtain
guidance on how the lecturers will mark your assignment. The
oral presentation skills
will be marked by the ASC and the technical content including
memo writing formats will
be marked by the lecturer.
End of Assignment ~~~~~~~~~~~~~~~~~~~

selected Company Is Australian Pharmaceutical Industries (API)

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