Assignment: Task Sheet
Due date: Week 6
Weighting: 20%
Length: 2 page (approximately 1500 words)
Condition: Individual work
Assessment method: Practical Assessment & Extended Response
Assessment Task Scenario:
Reputed international studies have revealed that the increased dependence on carbon based system will result in catastrophic outcomes for human kind.
The Australian Government has embraced the policy to reduce the greenhouse gas emissions from our country. Various soft approaches have been tried, from signing the Kyoto Protocol on 24 April 1998 and ratifying it on 12 December 2007 (Parliament of Australia, 2010) and the ratification came into effect from 11 March 2008 (Climate Change, n.d.).
These soft policies have not resulted in the expected outcome of reduction in the Greenhouse gas emissions. As such, the Australian Government brought in the legislation to price carbon, effective from 1 July 2013 (Carbon Tax, n.d.). This legislation is commonly referred to as ‘the carbon tax’.
With this carbon tax in place, the companies will now be forced into investing in technology and equipment to reduce their carbon foot print which will result in a better environment for mankind.
The company “Carbon Conscious” is one of very few carbon offset providers that have invested in obtaining accreditation or quality assurance with the Australian Government to guarantee quality, reliability and certainty. They develop carbon forestry projects for companies with Clean Energy Act liabilities in Australia and business with emissions obligations in New Zealand (Carbon Conscious, n.d.).
Your assignment task is to evaluate the operating capability and financial viability of Carbon Conscious. You will draw conclusions and assess the risk factors of investing in this company. Financial analysts report that Carbon Conscious is a speculative share. Do you agree with the financial analysts? Provide your justified response. You will perform predictive analysis by using the market ratios and earnings per share (EPS) to estimate the probability of the share price going up in the near future. You must use the Dimensions of Learning 4 “Systems Analysis Paradigm” in your analysis.
Research shows that many highly publicised financial statement frauds have occurred that led to huge financial losses and a number of bankruptcies. Financial statements are falsified to deceive investors and creditors, increase a company’s stock price, meet cash flow needs, or hide company losses and problems (Romney & Steinbart, 2012). It is important to ensure that financial statements and disclosures are fairly presented and the investments are safe.
Is the information provided in the annual report from Carbon Conscious reliable and accurate? Apply the six necessary characteristics of information in your discussion and justify your response. You need to provide four recommendations to reduce fraudulent financial reporting.
In your analysis and evaluation process, it is important to consider the other qualitative factors such as ethical accounting principles, internal controls to safe guard assets, health and safety standards, environmental philosophies, organisational strategies and core values, employee fair treatment and anti-discrimination policies embraced by the company.
On 12 June 2013, Senator Stephen Conroy launched Australia as a Digital Economy (Australian Government, 2013). The digital economy is the global network of economic and social activities that are enabled by information and communications technologies (Australian Government, 2013). Information systems profoundly affect the fundamental nature of accounting and accounting practices (Islam, 2013). Microsoft Excel is one of the tools designed to support accounting functions such as creating trial balances, balance sheets, income statements and financial statements.
In this summative assessment task, you are expected to calculate the Carbon Conscious ratios using Microsoft Excel. Demonstrate the financial analysis by using your ratio calculations, industry standards and market values. It is essential to use the key features of Microsoft Excel. Demonstrate your technical skills by using conditional formatting, aggregate functions, predefined formulas and writing macros where appropriate. You are welcome to use graphs in Microsoft Excel to present your analytical results.
What you submit
1. Your analysis of Carbon Conscious by using the Dimensions of Learning 4 “Systems Analysis Paradigm”.
2. Recommendations to reduce fraudulent financial reporting.
3. Graphic organisers that demonstrate the process of performing financial ratio analysis. Clearly show all the Bloom’s Taxonomy cognitive objectives (knowledge, comprehension, application, analysis, synthesis and evaluation) in your graphic organisers.
4. Microsoft Excel spreadsheet with financial ratio calculations and analysis.
You can submit this assignment in any electronic mode of your choice e.g. Word, Power Point, Blog, Wiki, Weebly, Prezi, Glogster, Zooburst etc.
Due date: Week 6
Weighting: 20%
Length: 2 page (approximately 1500 words)
Condition: Individual work
Assessment method: Practical Assessment & Extended Response
Assessment Task Scenario:
Reputed international studies have revealed that the increased dependence on carbon based system will result in catastrophic outcomes for human kind.
The Australian Government has embraced the policy to reduce the greenhouse gas emissions from our country. Various soft approaches have been tried, from signing the Kyoto Protocol on 24 April 1998 and ratifying it on 12 December 2007 (Parliament of Australia, 2010) and the ratification came into effect from 11 March 2008 (Climate Change, n.d.).
These soft policies have not resulted in the expected outcome of reduction in the Greenhouse gas emissions. As such, the Australian Government brought in the legislation to price carbon, effective from 1 July 2013 (Carbon Tax, n.d.). This legislation is commonly referred to as ‘the carbon tax’.
With this carbon tax in place, the companies will now be forced into investing in technology and equipment to reduce their carbon foot print which will result in a better environment for mankind.
The company “Carbon Conscious” is one of very few carbon offset providers that have invested in obtaining accreditation or quality assurance with the Australian Government to guarantee quality, reliability and certainty. They develop carbon forestry projects for companies with Clean Energy Act liabilities in Australia and business with emissions obligations in New Zealand (Carbon Conscious, n.d.).
Your assignment task is to evaluate the operating capability and financial viability of Carbon Conscious. You will draw conclusions and assess the risk factors of investing in this company. Financial analysts report that Carbon Conscious is a speculative share. Do you agree with the financial analysts? Provide your justified response. You will perform predictive analysis by using the market ratios and earnings per share (EPS) to estimate the probability of the share price going up in the near future. You must use the Dimensions of Learning 4 “Systems Analysis Paradigm” in your analysis.
Research shows that many highly publicised financial statement frauds have occurred that led to huge financial losses and a number of bankruptcies. Financial statements are falsified to deceive investors and creditors, increase a company’s stock price, meet cash flow needs, or hide company losses and problems (Romney & Steinbart, 2012). It is important to ensure that financial statements and disclosures are fairly presented and the investments are safe.
Is the information provided in the annual report from Carbon Conscious reliable and accurate? Apply the six necessary characteristics of information in your discussion and justify your response. You need to provide four recommendations to reduce fraudulent financial reporting.
In your analysis and evaluation process, it is important to consider the other qualitative factors such as ethical accounting principles, internal controls to safe guard assets, health and safety standards, environmental philosophies, organisational strategies and core values, employee fair treatment and anti-discrimination policies embraced by the company.
On 12 June 2013, Senator Stephen Conroy launched Australia as a Digital Economy (Australian Government, 2013). The digital economy is the global network of economic and social activities that are enabled by information and communications technologies (Australian Government, 2013). Information systems profoundly affect the fundamental nature of accounting and accounting practices (Islam, 2013). Microsoft Excel is one of the tools designed to support accounting functions such as creating trial balances, balance sheets, income statements and financial statements.
In this summative assessment task, you are expected to calculate the Carbon Conscious ratios using Microsoft Excel. Demonstrate the financial analysis by using your ratio calculations, industry standards and market values. It is essential to use the key features of Microsoft Excel. Demonstrate your technical skills by using conditional formatting, aggregate functions, predefined formulas and writing macros where appropriate. You are welcome to use graphs in Microsoft Excel to present your analytical results.
What you submit
1. Your analysis of Carbon Conscious by using the Dimensions of Learning 4 “Systems Analysis Paradigm”.
2. Recommendations to reduce fraudulent financial reporting.
3. Graphic organisers that demonstrate the process of performing financial ratio analysis. Clearly show all the Bloom’s Taxonomy cognitive objectives (knowledge, comprehension, application, analysis, synthesis and evaluation) in your graphic organisers.
4. Microsoft Excel spreadsheet with financial ratio calculations and analysis.
You can submit this assignment in any electronic mode of your choice e.g. Word, Power Point, Blog, Wiki, Weebly, Prezi, Glogster, Zooburst etc.