MergedFile Assessment Information – Trimester 2, 2018 Subject Code: ACCM 4300 Subject Name: Financial Accounting & Reporting 2 Assessment Title: Teamwork Assignment Weighting: 25% Due Date: Team...

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Assessment Information – Trimester 2, 2018
Subject Code: ACCM 4300
Subject Name: Financial Accounting & Reporting 2
Assessment Title: Teamwork Assignment
Weighting: 25%
Due Date: Team Presentation: During week 9, in the lecture/tutorial session
Written Memo: Due Monday of Week 10 - to be submitted
electronically via the student portal.
Assessment Description

Learning Outcome 4: Develop written and oral communication strategies to enable the effective
presentation of accounting information to accountants and non-accountants.
Required:

Work in teams (groups) of 3 (4 with prior approval from your lecturer – if your lecturer has not
approved a team of 4 the work you do will not be considered/marked) and write a
memorandum (“memo”) to the board of directors (assume the members of the board have
varying degrees of accounting knowledge or understanding) and then present your findings
addressing the issues noted in the assignment details.

Your team presentation will be limited to 10 minutes (13 minutes for 4 members if applicable)
and each member of the team must present a part of it demonstrating individual oral
presentation skills. A separate mark will be given to each member of the team for individual
presentation skills. You must discuss the selection of teams with your lecturer who may decide
to allocate you into teams or form teams using a random process.

The Assignment is designed to test the following skills:
1. Your knowledge and your ability to research the issues and then apply the information
appropriately using judgement
2. Your communication skills and teamwork: team presentations and written: 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 presentation.
Part B Professional Competency Skills: Communication Skills – Oral presentations (10%) –
This mark covers the presentation skills of the individual student of 5% and a team mark of 5% for the
content, structure and visual aids for the presentation.
Please make sure you follow the guidelines relating to presentation of written work, late policy and
academic integrity. Please familiarise yourself with the assessment marking ru
ic (attached) to
guide you in how you can score marks.
Team Research Assignment – Written Memo and Presentation
Details of Assignment:

The class will be grouped into (ideally) teams of 3. You must discuss the selection of teams with your
lecturer who may decide to allocate you into teams or form teams using a random process. Your
lecturer may accept a team of 4 members – but you need to discuss this with your lecturer, obtain
approval and finalise 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 teams 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
eport including the financial statements of the group and write a memorandum (a report format will
not be marked) to the board of directors clearly explaining some of the technical aspects of
consolidation. Make sure that you draw on the selected group of companies’ specific details to
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 investments – summarise for the memo

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? Is there a need for disclosure in the financial
statements? Legal requirement or otherwise?

3. The non-controlling interest – where would you find it in the financial statements and what does it
epresent? Details of any direct and indirect non-controlling interest? What do these mean? Is it
important to show them 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? Have there been any impairments to
assets during the period?

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? How have the subsidiary company’s financial statements been translated?

7. Does the published set of group financial statements reveal the company’s policy on any of the
following areas, namely Sustainability; Corporate governance; Audit committees; Solvency? If so,
where is the information located and why is it included? Is it compulsory to disclose these
statements? Why or why not?
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.
Team Research Assignment – Written Memo and Presentation

Team Presentation

Your team is required to explain the financial statements of the group of companies you have selected
to the board of directors making sure you
ing to their attention any unusual or interesting information.
Please note that it doesn’t necessarily mean you need to present the information relating to the
questions above.

Your team presentation will be limited to 10 minutes (per group of 3) and each member of the team
must present a part of it demonstrating individual oral presentation skills. A separate mark will be
given to each member of the team for individual presentation skills.
Note: You are not required to present your complete answer in the oral presentation by your team but
can choose to present a part of your written assignment or alternatively a totally different aspect of the
group you have selected within the 10-minute time frame (13 minutes for a group of 4). Remember to
work as a team when presenting your company’s information to the board. Team presentations longer
than the set limit will be penalised.
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 held
3. People present; absent; apologies
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 minutes of team meetings should be included as an attachment with the written copy of
your assignment – the memo.
Note: The assessment marking ru
ics is a separate document and you are advised to read
through it to obtain guidance on how the lecturers will mark your assignment.

REQUIRED:

1. Presentation – according to the information given above, each team will make a
presentation explaining the financial statements of the group of companies you have
selected to the board of directors making sure you
ing to their attention any unusual or
interesting information.

2. Memo (written submission) from Team - this written document will need to be submitted
via ‘Moodle’ and will also include minutes of team meetings – see instructions on the team
cover sheet attached.




~~~~~~~~~~~~~~~~~~ End of Assignment ~~~~~~~~~~~~~~~~~~~
Team Research Assignment – Written Memo and Presentation
Team Work Cover Sheet

Team Number: ADE/BRI/MEL/SYD: ……………………………………….….……………………..

Team Name: ………………………………………………………………………………….………….

Student
Number
Student Name Indicate the
Team Leade

Instructions:

By the end of week 5
Team Number: In creating your team numbers please note to include the location and then your
team number; for example, ADE01Team or BRI01Team or MEL01Team…MEL02Team etc., or
SYD01Team. Please note to liaise with the lecturer on your campus to get unique team
numbers.

Please finalise your team members and your team number with your lecturer by the end of week
5 at the latest. Inform them in class or by email.

Upon submission of the assignment
If you are not the team leader, then you are required to upload this cover sheet only, duly
completed to include all the names and student IDs of the team members. Individual members
should not upload copies of the assignment.

If you are the team leader, you must upload the assignment including this cover sheet. This
assignment will then be marked by the lecturer. The marks awarded will be the same for each
member of the team for the “team work” section of the assignment.

Please note that this cover sheet must match the with the team members you previously
informed your lecturer of, and must be the same for all team members.
ACCM 4300 | Assessment 2 - Assignment Marking Ru
ics
Group companies and oral presentations assignment 25%
15% Technical content and 10% communication skills
ACCM4300 FAR2 – Assignment Ru
ics Page 1 of 7
This task has been designed to measure subject learning outcome 4.
Learning Outcome 4: Develop written and oral communication strategies to enable the effective presentation of accounting information to
accountants and non-accountants.

The assignment assesses the following outcomes:
1. Your knowledge and your ability to research the issues outlined
2.. Your ability to critically analyse the scenario and use judgement co
ectly in selecting and designing an appropriate response with suitable references.
3. Professional Competency Skills – Teamwork and Communication skills: oral presentation skills; memo writing skills (Be clear, concise and co
ect!)
Overall Marks – Assessment 2: Teamwork Presentation and Memo Assignment
Summary: Marks
Awarded
Marks Available
Part A Technical Content 15.00
Part B Communication Skills 10.00
ASSESSMENT 2 - ASSIGNMENT 25.00

The assessment ru
ics below set out the specific criteria that will be
Answered Same DaySep 06, 2020ACCM4300

Solution

Aarti J answered on Sep 10 2020
59 Votes
Financial Accounting and Reporting – Crown Resorts
Course Name
Course Date
Student’s Name
Crown Resorts
Memo
To: Investors
From:
Subject: Consolidated Statements of Crown Resorts
Crown resorts is one of the largest entertainment group of Australia. The company continues to invest in its Australian resorts which has helped the company to be one of the most valuable tourism asset of the country. Being a parent entity, the company has to report its consolidated statements along with the subsidiaries.
Crown holds equity interest in the Aspers group (50%) in the United Kingdom and Nobu and Caesars which is approximately 2%. The company has also invested in different complementary assets, with online wagering business CrownBet (62% owned), online betting exchange Betfair Australasia (100% owned), US-based online social gaming business DGN Games (70% interest) and Chill Gaming (50% owned).
Composition of the group
Crown resorts is one of the largest entertainment group of Australia. The company continues to invest in its Australian resorts which has helped the company to be one of the most valuable tourism asset of the country. The two major integrated resorts of the company are: : Crown Melbourne Entertainment Complex (Crown Melbourne) in Victoria and Crown Perth Entertainment Complex (Crown Perth) in Western Australia. The company also owns. Crown Aspinall's in London. Its other investments includes wagering and online social gaming operations; 50% equity interest in the Aspers Group, which operates four regional casinos in the UK; 20% interest in Nobu, a Japanese restaurant
and; and 2% interest in Caesars Entertainment Corporation and Caesars Acquisition Company. The name of the other hotels and resorts which are owned by the company includes: Crown Sydney Hotel Resort, Proposed Queens
idge Hotel Tower and Alon Las Vegas. Crown Resorts operates in Australia, the US and the UK.
Significant investments
The company’s core businesses and investments includes: Crown resorts group, Australian Resorts, Australian projects, and crown digital. Crown holds equity interest in the Aspers group (50%) in the United Kingdom and Nobu and Caesars which is approximately 2%. The company has also invested in different complementary assets, with online wagering business CrownBet (62% owned), online betting exchange Betfair Australasia (100% owned), US-based online social gaming business DGN Games (70% interest) and Chill Gaming (50% owned). These subsidiaries focus on innovation and providing the cu
ent gaming customers new innovation products.
Crown holds around 50% of equity interest in...
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