With the financial/Economic performance section of your assignment, the minimum requirement is to locate and summarise the company’s basic financial information as outlined below. Then, most...

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With the financial/Economic performance section of your assignment, the minimum requirement is


to locate and summarise the company’s basic financial information as outlined below. Then, most


importantly you should discuss the financial performance (particularly profitability) of the company


using the management reports, online resources, financial and sustainability reports. It’s highly


recommended to provide some comparison analysis with company’s previous financial years


(up to 2 years) and/or competitors or industry averages to support your report analysis.




ACCT2127 Take home exam- Semester 2 2017 Page 1 of 3 ACCT2127 Take home exam Sustainability/Corporate Social Responsibility Report Semester 2, 2017 DUE DATE: Tuesday 17 October at 11.59 pm (Melbourne time) (You may submit the assignment more than once, before the due date. Only the latest submission will be marked. Please be advised that it could take a few hours for Turnitin’s Originality Report to be generated. Please also note that Turnitin will only generate one Originality Report in any 24 hour period – so you may have to wait longer to see a report on a resubmitted assignment than on your first submission.) LENGTH: 3500 – 4000 words (excluding table of contents, reference list and Appendix (if any- appendix is optional)) (Note: penalties apply to assignments that do not keep to the word limit) MARKS: This assignment is worth 40% of the total assessment for this course. (Note: This assignment is to be completed as an individual exam) Objectives of the Assignment This assignment develops your capabilities to analyse, reason logically and conceptualise financial, social and environmental issues; and is aligned with the Course Learning Outcomes of identifying, understanding and interpreting accounting concepts. The use of Sustainability and/or Corporate Social Responsibility (CSR) Report enables you to apply your accounting knowledge to a real world context. The assignment is aligned with the course learning objectives. Overview of assignment requirements Assume you are preparing the report for a friend who wishes to invest in a business which conducts itself in a socially and environmentally responsible way. In your report, you are required to advise your friend on the economical/financial, social and environmental performance of the business. You should choose and analyse the financial and Sustainability/CSR reports of one of the specified below organisations (Please note that a marking rubric/guide will be available on RMIT Blackboard); and advise your friend whether or not to invest in the business in the report conclusion. You should demonstrate that you have undertaken research, and cite the sources you have used through appropriate in-text referencing and bibliography. ACCT2127 Take home exam- Semester 2 2017 Page 2 of 3 We highly suggest you go through the sustainability chapter in the text book before you commence writing the assignment. Then go through the annual reports of your chosen company as well as other online resources which provide extra support for financial, social and environmental performance of your chosen company. It is important that you follow the assignment template to write your report. You are required to prepare a report on one of the following specific organisations below: Qantas (Financial year 2015) Myer (Financial year 2014) Adidas (Financial year 2014) Telstra (Financial year 2015) The assignment’s template is as follows:  Title Page  Table of contents  Introduction (please see assignment’s rubric for further information)  Financial/Economic performance  Social performance  Environmental performance  Conclusion  Reference List  Appendix (optional) With the financial/Economic performance section of your assignment, the minimum requirement is to locate and summarise the company’s basic financial information as outlined below. Then, most importantly you should discuss the financial performance (particularly profitability) of the company using the management reports, online resources, financial and sustainability reports. It’s highly recommended to provide some comparison analysis with company’s previous financial years (up to 2 years) and/or competitors or industry averages to support your report analysis. Company name: xxx General financial information Financial year xxx (A) Total Assets Total Liabilities Total Owners Equity (B) (Basic) Profit earned- per share (EPS) (C) Total Ordinary Shares issued (D) Profit received by Shareholders- per share (DPS) (E) Net Cash flows from Operating Activities (F) Net Cash flows from Investing Activities ACCT2127 Take home exam- Semester 2 2017 Page 3 of 3 As a result of reading your chosen company’s CSR and/or Sustainability Report, you should discuss matters relating to the company’s sustainability practices and reporting in your report including but not limited to the following issues:  Aspects of company’s environmental performance -related to natural capital- including but not limited to environmental protection, energy and carbon emission concerns, and waste production concerns.  Aspects of company’s social performance -related to human capital and society wealth creation potential- including but not limited to the employee health, human rights protection, contributions to the community, customer involvement, and product responsibility. Other appropriate issues in completing this assignment:  A report format should be used for your written submission. Please ensure you use headings and sub-headings to structure your report. Please ensure that your report is typed with the following formatting style recommended: 1.5 line spacing, 11 point font, minimum 3 cm margin on left-hand side of paper.  Your assignment must be appropriately referenced using the Harvard Style referencing system. Both in-text citations, as well as a reference list at the end of your assignment, are required. You should refer to the referencing guidelines provided at: https://www.dlsweb.rmit.edu.au/bus/public/referencing/index.html o Note that when citing an annual report, either by paraphrasing or using direct quotes, you must reference the annual report (in your reference list) according to the following format: Name of company. (Year of publication), Title of annual report (in italics). Place of publication: Publisher. (To cite an annual report in-text, you will generally have to use the organisation’s name, as an author name is usually not present.) Penalties for inadequate or incorrect referencing will apply.  This assignment is to be completed as an individual exam. All electronically submitted assignments will be automatically forwarded to Turnitin and subjected to an assessment of authenticity/originality, so please ensure your submission is your own individual work – severe penalties will apply for work that is not original/individual. You are allowed to submit your work prior to the due date to obtain an originality report. If the report requires revision you are allowed to adjust your assignment and resubmit. Please note: Any resubmissions into Turnitin takes 48 hrs to obtain a new Originality Report.  Your assignment must be submitted electronically (via the course Blackboard site, at ‘Assessment’) by Tuesday 17 October at 11.59 pm. This deadline will be strictly enforced. Late submissions will not be considered unless a formal extension of time through RMIT special consideration department has been granted.  Please refer to the Academic Integrity presentation available on the course Blackboard site. o Do not include the wording of the assignment instructions in your submission o A hard copy submission is not required. https://www.dlsweb.rmit.edu.au/bus/public/referencing/index.html ACCT2127- Accounting for Management decisions Marking Rubric for the take home exam Semester 2 2017 1 | P a g e High distinction 10 Distinction 7.5 Credit 6.5 Pass 5 Below standards 2.5 Title page, and Table of Contents 5% Title page, and table of contents are provided with an outstanding/ creative format. (Title page must include the title of assignment, student name, student ID, with an appropriate format) Title page, and table of contents’ format show some creativity. (Title page must include the title of assignment, student name, student ID, with an appropriate format) Title page, and table of contents are attractive, display a clear and formal approach, and meet all the requirements. (Title page must include the title of assignment, student name, student ID, with an appropriate format) Title page, and table of contents display a formal approach or they only meet the minimum standards. (Title page must include the title of assignment, student name, student ID, with an appropriate format) Title page, and table of contents provided are below standards. (Title page must include the title of assignment, student name, student ID, with an appropriate format) Introduction 10% Introduction is clearly written with very interesting observations within the appropriate word length. (You are required to briefly summarize the following features about the organisation: • Very brief history of the organisation; • Structure (e.g. size, number of employees, line of business, locations); • Key words in mission/plans; • Financial and other performance trends; • Concern for social and environmental/sustainability issues.) Introduction is written clearly with some interesting observations within the appropriate word length. (You are required to briefly summarize the following features about the organisation: • Very brief history of the organisation; • Structure (e.g. size, number of employees, line of business, locations); • Key words in mission/plans; • Financial and other performance trends; • Concern for social and environmental/sustainability issues.) Introduction is written clearly, within the appropriate word length. (You are required to briefly summarize the following features about the organisation: • Very brief history of the organisation; • Structure (e.g. size, number of employees, line of business, locations); • Key words in mission/plans; • Financial and other performance trends; • Concern for social and environmental/sustainability issues.) Reasonable introduction. Requirements are reasonably met. (You are required to briefly summarize the following features about the organisation:
Answered Same DayOct 12, 2019ACCT2127

Answer To: With the financial/Economic performance section of your assignment, the minimum requirement is to...

David answered on Nov 30 2019
145 Votes
Sustainability / Corporate Social Responsibility Report
Sustainability / Corporate Social Responsibility Report
TELSTRA CORPORATION LIMITED
Name of Student
[Pick the date]
Contents
INTRODUCTION    2
A. FINANCIAL / ECONOMIC PERFORMANCE    4
Product wise performance:    6
Segment Wise Performance:    8
B. SOCIAL PERFORMACE    9
C. ENVIRONMENTAL PERFORMANCE    12
CONCLUSION    15
REFERENCE    17
INTRODUCTION
Through this report, we strive to evaluate financial/ economic, social and environmental performance of the entity named Telstra Corporation Limited
Telstra Corporation is Australia's driving broadcast communications and innovation organization, offering a full scope of correspondences benefits and contending in all media communications markets. It dates back to 1901 with headquarter located at Melbourne, Australia.
The
company provides media communications and data benefits in Australia and globally. The organization gives fixed and mobile system infra, services of broadband access and Internet, cable distribution and wholesale trading. It offers essential access administrations, phone calls, broadband access and substance administrations, information and Internet administrations, and link circulation administrations, and in addition publicizing, data administrations, pay TV, worldwide availability, meandering, and 3G services and management fundamentals.
It works on five core values which speak of their mission and vision for the company. They are; speak what we are, better to be together, trust, making things simpler and be courageous. They strategize to imbibe these values in their deliverables and strive to improve customer service and techno savvy future for everyone.
The company employs 36000 employees on an average across 20 countries worldwide with more than 2000 network points across the globe. It operates through 371retail stores, 84 business centers, 137 business and enterprise partners and 18,700 retail points of presence. (Annual Report, 2015)
The organization works through its fragments: Telstra Consumer, Telstra Business, Telstra Enterprise and Government, Telstra Wholesale, Telstra Operations, Telstra International, Telstra Media Group, TelstraClear.
The Telstra Consumer fragment offers media transmission items, administrations and arrangements, for example, mobiles, settled and remote broadband, communication and pay TV to buyer clients in metropolitan, local, country and remote territories of Australia.
The Telstra Business fragment offers media transmission items and administrations, correspondence arrangements, and data and correspondence innovation administrations to little to medium ventures.
The Telstra Enterprise and Government section gives arrange administrations and applications and incorporated voice, information and portable arrangements by means of Telstra Next Generation Services to big business and government clients.
The Telstra Wholesale section gives media transmission items and administrations conveyed over Telstra arranges and related emotionally supportive networks to non-Telstra marked transporters, carriage specialist co-ops and web access suppliers.
The Telstra Operations fragment involves general arranging, plan, designing and engineering of Telstra systems, innovation and data innovation and supply and conveyance of data innovation answers for help its items, administrations, client bolster capacities.
Telstra Media Group fragment involves administration and development of the residential catalogs and publicizing business, including print, voice and computerized indexes, advanced mapping and satellite route, advanced show promoting and business data administrations.
Telstra International Group portion is in charge of dealing with Telstra's benefits outside Australia and New Zealand. The TelstraClear business portion gives media communications administrations to the market of New Zealand.
Considering its financial performance for 2015, the company achieved total income of $ 26.6 billion with making a net profit of $ 4.3 billion for the year. The performance of the company financially and towards wealth maximization of shareholders shows a growth model approach. This has been detailed in pat A of the report.
Further, Part B of the report deals with social and environmental performance of the company. Though the company is pronounced as highly respected entity in 2014, the key sustainability issues for the company have been customer protection, privacy and data protection, management of e-waste and efficiency in carbon emissions.
A. FINANCIAL / ECONOMIC PERFORMANCE
The financial performance of Telstra for the year 2015 shows that its strategies are working. The company has been able to enhance its client support and continual growth in technology has been marked. They further established the frameworks for sustainable development in its new segments.
The annual financial statements of the company have been prepared on going concern concept and imply the forward looking approach of the company.
Superficially, its statements for 2015 provide increase in overall revenue and earnings per share from 2014. However, our analysis of the company’s financial statements for year 2015 and comparing them with its past two previous years; as provided in Table 1, reveals increase in total income by 1.18% from 2014 to 2015 with 6.13% from year 2013 to 2014 however, dip in cash flow from operating activities has been observed of 3.51% in 2015.
Dip in net profits from continuing operations by 5.78% in 2015 provides a higher increase in expenses of the company vis-à-vis a lower of income increment during the year.
TABLE 1:
    Company name: Telstra Corporation Limited
    General financial information
    Financial year
     
    Financial year
 
    (A)
    2015
    2014
    Change in %
    2013
    Change in %
    Total Assets ($ in millions)
    40,445
     39,360
    2.76%
     38,527
    2.16%
    Total Liabilities ($ in millions)
     25,935
     25,400
    2.11%
     25,652
    -0.98%
    Total Owners Equity ($ in millions)
     14,510
     13,960
    3.94%
     12,875
    8.43%
    (B)
     
     
     
     
     
    Total Income ( ($ in millions)
     26,607
     26,296
    1.18%
    24776
    6.13%
    Profit from continuing operations
     4,286
     4,549
    -5.78%
    3640
    24.97%
    (Basic) Profit earned- per share (EPS) (in cents)
    34.5
    34.4
    0.29%
    30.1
    14.29%
    (C)
     
     
     
     
     
    Total Ordinary Shares issued
     12,225,655,836
     12,443,074,357
    -1.75%
     12,443,074,357
    0.00%
    (D)
     
     
     
     
     
    Profit received by Shareholders- per share (DPS) (in cents)
    30
    28.5
    5.26%
    28
    1.79%
    (E)
     
     
     
     
     
    Net Cash flows from Operating Activities ($ in millions)
     8,311
     8,613
    -3.51%
     8,359
    3.04%
    (F)
     
     
     
     
     
    Net Cash flows from Investing Activities ($ in millions)
     (5,692)
     (1,130)
    403.72%
     (3,335)
    -66.12%
Apart from above discussion, the analysis provides increase in asset base of the company year on year. It increased from $ 38527 million in year 2013 to $ 39,360 million in year 2014 and further increased to 40,445 million in year 2015.The major change has been observed in investment in assets of long term nature such as intangibles. This is supported with negative cash flow from investing activity of $ 5692 million.
The liabilities of the company have also increased with borrowings made by the company in 2015 and creation of deferred tax liabilities. In the same way, due to increase in retained earnings the equity has increased for the company in spite of buy back during 2015. (Janda, 2015)
Although, the earnings per share and dividend of the company has increased over years, the profit has decreased during 2015. This is because of the buyback made by the company of its own ordinary shares and can be observed through dip of 1.75% in its outstanding shares.
Product wise performance:
As discussed earlier, the company...
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