ACCT 2105 Accounting in Organisation &

Society Assignment - Semester 3, 2014

This assignment is designed to get you to locate the financial ratios and other research
for an Australian company in the retail sector. You will also review the financial
statements and the notes to the financial statements for this company. You will review
the company ratios and compare them to industry standards. You will consider the
performance of the company with respect to these ratios. You will then decide if your
group will invest in this company.

Finally, you will review the corporate governance strategy of the company and consider
best practice.

Required:

Your tutor will select the company for your class. You are required to find the 2014
annual report for this company. You are also required to find third party analysis on this
company (preferably using reuters analysis or something similar). You will then answer
the following questions. Remember to always cite references.

THE COMPANY (Your tutor to select in retail sector)

Question 1 (1 mark)
In your own words, describe the principal activities of the company?

Question 2 (12 marks)

Define the ratio. Review and compare the following ratios to their industry benchmarks.

EPS
ROA
ROE
Quick ratio
Current ratio
Inventory Turnover

Question 3 (4 marks)
Who is the auditor of this company? In your own words, briefly explain the role of the
auditor. Please include references (other than your class text).

Question 4 (13 marks) 2 page minimum

You are an investor and you have 1,000,000 AUD to invest. Would you chose to invest in
this company? Discuss - justify your answer. Students should find additional literature
(news reports, journal articles) to support their claims.
Question 5 (10 marks)
You have just reviewed an Australian company from the retail sector. Using the Notes to
the Financial Statements, review the corporate governance strategy of this company
(sometimes called the Governance statement or Governance framework). Consider the
following:

What is corporate governance?

Highlight the main strategies for your company. (Your teacher will discuss this in class).
What suggestion would you make to improve their strategy and why? Students should
find additional literature (news reports, journal articles) to support their claims.
The report is limited to 3 pages (not including referencing).

Other requirements:
Instructions on the Assignment:

Students should form a group of 4.

The assignment should be submitted via Turnitin on or before 19 December 2014

(5pm).

Copying of assignments will be considered as Plagiarism and will be dealt with

according to RMIT Vietnam Plagiarism policy

The assignment needs to be presented in the following format and adhere to the
following guidelines:

Font 11pt Times New Roman

Line spacing 1.5
A4 paper
Pages should be numbered consecutively
Keep a copy of the assignment that you submit.

FOLLOW the WORD LIMIT

The assignment is to be referenced, and a reference list is essential. There should be a

minimum of 10 references which can include textbooks (other than your class text),
journal articles, websites etc Information on referencing can be found in the Guidelines
for Referencing and Presentation at the RMIT website using the following address:
(http://www.rmit.edu.au/bus/students).

Students should print to pdf and attach any articles or website references.

Penalties Regarding Referencing:

No in-text referencing deduct 1.5 marks
Some in-text referencing only deduct 1 mark
No reference list deduct 1.5 marks
Incomplete reference list deduct 1 mark
Policy on Late Submissions:

Late submissions will automatically be penalised at a rate of 5% per day for each of the
first 2 calendar days it is late, and 10% per calendar day for any subsequent days.
Submissions will NOT be accepted if more than 5 calendar days late, unless formal,
prior approval has been given. Extensions are normally only granted in cases of
exceptional and genuine hardship (this does not include inconvenience, poor planning,
pressure from work or work commitments).
Students seeking an extension of seven calendar days or less (from the original due
date) must complete an Application for Extension of Time for Submission of Assessable
Work form and lodge it at least 48 hours BEFORE the due date for submission.
Applications for extensions of 7 or more calendar days are made using the Special
Consideration Process. Details on the process can be found at the following web
address: http://www.rmit.edu.vn/288_ENG_HTML.htm