{"id":5600,"date":"2020-04-28T21:54:46","date_gmt":"2020-04-28T11:54:46","guid":{"rendered":"https:\/\/casestudyhelp.com\/sample-questions\/?p=5600"},"modified":"2020-04-28T21:59:50","modified_gmt":"2020-04-28T11:59:50","slug":"ayb311-financial-accounting-research-paper-assessment-answers","status":"publish","type":"post","link":"https:\/\/casestudyhelp.com\/sample-questions\/ayb311-financial-accounting-research-paper-assessment-answers\/","title":{"rendered":"AYB311 Financial Accounting Research Paper Assessment Answers"},"content":{"rendered":"<h2><strong>AYB311 Financial Accounting Issue : QUT Business School <\/strong><\/h2>\n<blockquote>\n<p style=\"text-align: justify;\">Searching for AYB311 Financial Accounting Research Paper Assignment Answers? Get Case Study Answers on AYB311 Financial Accounting. We Provide <a title=\"Financial Accounting Assignment Help\" href=\"https:\/\/casestudyhelp.com\/mba\/financial-accounting-assignment-help.html\" target=\"_blank\"><strong>Financial Accounting Assignment Help<\/strong><\/a>, <a title=\"Accounting Case Study Assignment Help\" href=\"https:\/\/casestudyhelp.com\/accounting-case-study-assignment-help.html\" target=\"_blank\"><strong>Accounting Case Study Assignment Help<\/strong><\/a> &amp; <a title=\"MBA Finance Assignment Help\" href=\"https:\/\/casestudyhelp.com\/mba\/finance-assignment\/mba-finance-assignment-help.html\" target=\"_blank\"><strong>MBA Finance Assignment Help<\/strong><\/a> from Masters and PhD Expert at affordable price? Acquire HD Quality research work with 100% Plagiarism free content.<\/p>\n<\/blockquote>\n<p style=\"text-align: center;\"><a title=\"Financial Accounting Research Paper\" href=\"https:\/\/casestudyhelp.com\/sample-questions\/ayb311-financial-accounting-research-paper-assessment-answers\/\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-5601 size-full\" title=\"Financial Accounting Research Paper\" src=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2020\/04\/Financial-Accounting-Assignment-Help.jpg\" alt=\"Financial Accounting Assignment Help\" width=\"626\" height=\"352\" srcset=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2020\/04\/Financial-Accounting-Assignment-Help.jpg 626w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2020\/04\/Financial-Accounting-Assignment-Help-300x169.jpg 300w\" sizes=\"(max-width: 626px) 100vw, 626px\" \/><\/a><\/p>\n<p><strong>Evaluate the contemporary accounting issues in the annual report of an ASX-listed company- Blackmores Limited (ASX: BKL)<\/strong><\/p>\n<h3><strong>Part A: Accounting Policy, Corporate Governance and Remuneration (650-750 words) <span style=\"text-decoration: underline;\">Required:<\/span> Peruse the 2019 annual report of Blackmores Limited and in Part A of your report,<\/strong><\/h3>\n<ol>\n<li style=\"text-align: justify;\">Identify <strong>ONE <\/strong>accounting policy that could lead to financial misstatements (deliberate or unintentional), or opportunities for earnings management due to its application. Explain your response using the annual report and academic literature applying appropriate accounting theories.<\/li>\n<li style=\"text-align: justify;\">There is a substantial body of evidence linking financial reporting quality and likelihood of financial misstatement with certain characteristics of board of\u00a0directors.\n<ul>\n<li>Identify <strong>TWO OR THREE <\/strong>board characteristics that may be beneficial for a company and its shareholders, referring to academic research.<\/li>\n<li>Analyse the board of Blackmores Limited against these characteristics and discuss if the board meets the characteristics. The relevant pages from the company\u2019s annual report must be\u00a0cited.<\/li>\n<\/ul>\n<\/li>\n<li style=\"text-align: justify;\">It is noted that Blackmores\u2019 short-term incentive (STI) plan (Page 60 of Blackmore\u2019s annual report) provides eligible executives with a reward for annual performance against certain performance targets including a few non-financial measures (i.e. safety, employee engagement and other agreed objectives). Discuss <strong>benefits and drawbacks <\/strong>of including non-financial performance criterial in executive\u2019s compensation package. Your discussions should be supported by academic research and relevant\u00a0theory.<\/li>\n<\/ol>\n<p>&nbsp;<\/p>\n<h3><strong>Part B: Capital market research (450-550) words<\/strong><\/h3>\n<p>On 6 December 2019, Blackmores Limited (ASX: BKL) announced that Mr Aaron Canning will transition from his current role as Chief Financial Officer next month to focus on a review of the Group\u2019s portfolio. Mr Gunther Burghardt will join Blackmores, effective 6 January 2020, as the new Group Chief Financial Officer. The detailed announcement made by Blackmores Limited can be viewed here: https:\/\/www.asx.com.au\/asxpdf\/20191206\/pdf\/44cc1vzbbgvgwv.pdf<\/p>\n<p style=\"text-align: center;\"><a title=\"Order New Copy!\" href=\"https:\/\/casestudyhelp.com\/MyOrder.php\" target=\"_blank\"><img decoding=\"async\" loading=\"lazy\" class=\"aligncenter wp-image-4945 size-full\" title=\"Order New Copy!\" src=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/10\/Order-now1.png\" alt=\"Order-now\" width=\"552\" height=\"87\" srcset=\"https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/10\/Order-now1.png 552w, https:\/\/casestudyhelp.com\/sample-questions\/wp-content\/uploads\/2019\/10\/Order-now1-300x47.png 300w\" sizes=\"(max-width: 552px) 100vw, 552px\" \/><\/a><\/p>\n<p><strong>Required:<\/strong><\/p>\n<p>In <strong>Part B <\/strong>of your report:<\/p>\n<ul>\n<li>Write a brief summary of the company and its industry\/major competitors;<\/li>\n<li>If you were an investor, what are your expected impacts of the announcement (the appointment of new CFO) on the share price (up or down, good news &#8211; bad news) and justify your\u00a0arguments.<\/li>\n<li>Based on your analyses, discuss whether your expectations are consistent with your findings.<\/li>\n<\/ul>\n<p>You must attach your analyses (supporting your expectations and discussions above) in appendices include the following:<\/p>\n<ul>\n<li><strong>Appendix 1<\/strong>: Spreadsheet calculations (<strong>You MUST set up the excel spreadsheet using the template below<\/strong>)<\/li>\n<li><strong><span style=\"text-decoration: underline;\">Appendix 2<\/span><\/strong>: Graphic cumulative abnormal returns<\/li>\n<\/ul>\n<p>Note: these Appendices are excluded from your word count.<\/p>\n<p>&nbsp;<\/p>\n<table>\n<tbody>\n<tr>\n<td colspan=\"7\" width=\"710\"><strong>Event: 6 December 2019: BLACKMORES ANNOUNCES CHIEF FINANCIAL OFFICER APPOINTMENT<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"86\"><strong>Trading Date<\/strong><\/td>\n<td width=\"89\"><strong>All <\/strong><strong>Ords <\/strong><strong>Index<\/strong><\/td>\n<td width=\"102\"><strong>Return on Index<\/strong><\/td>\n<td width=\"105\"><strong>BKL share price<\/strong><\/td>\n<td width=\"112\"><strong>BKL share return<\/strong><\/td>\n<td width=\"110\"><strong>Predicted Return<\/strong><\/td>\n<td width=\"108\"><strong>Abnormal Return<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"86\"><\/td>\n<td width=\"89\"><\/td>\n<td width=\"102\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"108\"><\/td>\n<\/tr>\n<tr>\n<td width=\"86\"><\/td>\n<td width=\"89\"><\/td>\n<td width=\"102\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"108\"><\/td>\n<\/tr>\n<tr>\n<td width=\"86\"><\/td>\n<td width=\"89\"><\/td>\n<td width=\"102\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"108\"><\/td>\n<\/tr>\n<tr>\n<td width=\"86\"><\/td>\n<td width=\"89\"><\/td>\n<td width=\"102\"><\/td>\n<td width=\"105\"><\/td>\n<td width=\"112\"><\/td>\n<td width=\"110\"><\/td>\n<td width=\"108\"><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>&nbsp;<\/p>\n<p>Step by step instructions for your data collection, calculation and analysis appendices are:<\/p>\n<ol>\n<li>Gather the following data series:a).\u00a0 \u00a0Closing Share Price for Blackmores Limitedb).\u00a0 \u00a0Market Index \u2013 All Ordinaries Index<\/li>\n<li>Collect a period of <strong>three <\/strong>weeks (15 trading days) <strong>both sides <\/strong>of the announcement. You can access historical share prices and All Ordinaries Index from https:\/\/www.asx.com.au\/index.htm<\/li>\n<li>Using an Excel spreadsheet to calculate the return (percentage change in price <strong>P <\/strong>or the index <strong>M<\/strong>) for all data series as follows:<\/li>\n<\/ol>\n<p style=\"text-align: center;\"><strong>RetDay1 <\/strong>= [(P1-P0)\/P0]<\/p>\n<p style=\"text-align: center;\"><strong>And<\/strong><\/p>\n<p style=\"text-align: center;\"><strong>Mar RetDay1 <\/strong>= [(M1-M0)\/M0]<\/p>\n<p><strong>4.\u00a0<\/strong> \u00a0 Calculate abnormal returns:<\/p>\n<p>a).\u00a0 \u00a0Obtain <strong>\u03b1 <\/strong>and <strong>\u03b2 <\/strong>by running a \u2018single index model\u2019 regression of the firm\u2019s returns onto the market returns during a pre-event period (e.g. <strong>you MUST use 10 days before the announcement itself to estimate \u03b1 and \u03b2)<\/strong>.<\/p>\n<p>b).\u00a0 \u00a0Take the <strong>\u03b1 <\/strong>and <strong>\u03b2 <\/strong>and apply it to the data from during the event period (expected returns).<\/p>\n<p>c).\u00a0 \u00a0Obtain abnormal returns as the difference between the actual return and expected return on a given\u00a0day<\/p>\n<p>d).\u00a0 \u00a0Sum these abnormal returns obtained during the event period:<\/p>\n<ul>\n<li>From 2 days before to 2 days after the announcement<\/li>\n<li>From 5 days before to 5 days after the announcement<\/li>\n<li>From 10 days before to 10 days after the announcement<\/li>\n<\/ul>\n<p><strong>5.\u00a0<\/strong> \u00a0 Graph your results (attach in Appendix 2)<\/p>\n<p>&nbsp;<\/p>\n<h3><strong>Part C: Corporate Failure (250-350 words) <span style=\"text-decoration: underline;\">Required:<\/span><\/strong><\/h3>\n<p style=\"text-align: justify;\"><strong>1.<\/strong>\u00a0 \u00a0 Using additional ratio analysis and calculations (e.g. Altman\u2019s Z-score) to assess the financial health of Blackmores Limited.<\/p>\n<p style=\"text-align: justify;\"><strong>Note: This is to be attached as <span style=\"text-decoration: underline;\">Appendix 3<\/span> (You MUST use the template below) and is not included from your word count.<\/strong><\/p>\n<table style=\"height: 361px;\" width=\"739\">\n<tbody>\n<tr>\n<td width=\"471\"><strong>Items<\/strong><\/td>\n<td width=\"76\"><strong>2019<\/strong><\/td>\n<td width=\"76\"><strong>2018<\/strong><\/td>\n<\/tr>\n<tr>\n<td width=\"471\">X1 (Net Working Capital\/Total Assets)<\/td>\n<td width=\"76\"><\/td>\n<td width=\"76\"><\/td>\n<\/tr>\n<tr>\n<td width=\"471\">X2 (Retained Earnings\/Total Assets)<\/td>\n<td width=\"76\"><\/td>\n<td width=\"76\"><\/td>\n<\/tr>\n<tr>\n<td width=\"471\">X3 (EBIT\/Total Assets)<\/td>\n<td width=\"76\"><\/td>\n<td width=\"76\"><\/td>\n<\/tr>\n<tr>\n<td width=\"471\">X4 (Market Value of Equity\/Book Value of Total Liabilities)<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Note: The 2018 and 2019 annual reports were released on the 28 August 2018 and 15 August 2019. The shares outstanding as at annual report release date were 17,266,619 and 17,361,511 respectively.\u00a0\u00a0X5 (Sales\/Total Assets)\u00a0\u00a0<strong>Z-score<\/strong><\/p>\n<p>Z = 1.2(X1) + 1.4(X2) + 3.3(X3) + 0.6(X4) + 1.0(X5)<\/p>\n<p>&nbsp;<\/p>\n<p style=\"text-align: justify;\"><strong>2.\u00a0<\/strong> \u00a0 In <strong>Part C <\/strong>of your report, clearly state whether you believe that Blackmores Limited is \u2018at risk of corporate failure\u2019 or \u2018not at risk of corporate failure\u2019, explaining why you have come to your conclusion. Note that your comments could include, but are NOT limited to, concepts from:<\/p>\n<ul>\n<li>Accounting policy (Part A),<\/li>\n<li>Corporate governance (Part A) and<\/li>\n<li>Ratio analyses (Part C).<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<h3><strong>Structure, format and other requirements<\/strong><\/h3>\n<ul>\n<li style=\"text-align: justify;\">The Research Paper should include a title page, a table of contents, discussions, and analyses in appendices addressing ALL questions from Part A-C and a reference list. <span style=\"text-decoration: underline;\">An introduction and a conclusion are <strong>NOT <\/strong>required<\/span>.<\/li>\n<li>Use Times New Roman\/Arial\/Calibri font size 12 and at least 1.5<\/li>\n<li style=\"text-align: justify;\">You must cite at least <span style=\"text-decoration: underline;\">eight<\/span> scholarly sources such as published research articles, academic books, conference papers, and textbooks (note that published research articles rank highest as they are peer reviewed). Non-academic sources such as news articles and business reports will help you in the analysis sections of the report, but their use is in addition to the minimum scholarly sources. Lecture slides are not acceptable as a source. The annual report should be cited where necessary and included in the reference list.<\/li>\n<li>Use APA referencing. See: http:\/\/www.citewrite.qut.edu.au\/cite\/qutcite.jsp<\/li>\n<li style=\"text-align: justify;\">Your word count begins with the heading for Part A and ends at the end of Part All headings and in-text references are included in the word count. The reference list, appendices and attachments are excluded from your word count. However, the appendices should only include analytical tables, graphic results and necessary workings. Any discussions included in the appendix will NOT be marked. All your discussions should be included in Parts A-C.<\/li>\n<li>Include your overall word count on your title\u00a0page.<\/li>\n<\/ul>\n<h3><strong>Resources to assist with this assessment<\/strong><\/h3>\n<ul>\n<li>The lectures in weeks 1-6 help you to understand what content is required in the\u00a0assignment.<\/li>\n<li>In the lecture in week 7, the requirements of the assessment will be discussed with an opportunity for you to ask\u00a0questions.<\/li>\n<li>Read the CRA carefully as it is an accurate reflection of how marks are allocated, and it will assist your understanding of what is\u00a0required.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p><strong>Reference ID:\u00a0<span style=\"text-decoration: underline; color: #ff0000;\">#getanswers2001190<\/span><\/strong><\/p>\n<script type=\"text\/javascript\" charset=\"utf-8\" src=\"http:\/\/w.sharethis.com\/widget\/?wp=6.2.9\"><\/script>","protected":false},"excerpt":{"rendered":"<p>AYB311 Financial Accounting Issue : QUT Business School Searching for AYB311 Financial Accounting Research Paper Assignment Answers? Get Case Study Answers on AYB311 Financial Accounting. We Provide Financial Accounting Assignment Help, Accounting Case Study Assignment Help &amp; MBA Finance Assignment Help from Masters and PhD Expert at affordable price? 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