Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assignment Specifications Purpose: The first part of this assignment aims at developing a clear understanding of students on what skills, knowledge and experiences employers seek

Assignment Specifications Purpose: The first part of this assignment aims at developing a clear understanding of students on what skills, knowledge and experiences employers seek from Corporate Accountants and link the learnings objectives, outcomes and contents of the subject with the skills, knowledge and experiences sought by employers. The second part of the assignment aims at developing a clear understanding of students on different equity, liability, and comprehensive income items reported by companies/ corporate groups. Assessment task: Part A Collect AT LEAST 20 job advertisements on the position of 'corporate accountant', 'corporate and management accountant' 'senior accountant', 'tax accountant', 'corporate financial accountant' 'corporate financial and management accountant', 'accountant corporate finance', 'senior financial accountant' 'senior accountant: tax and corporate reporting' or any other similar positions published by Australian employers in electronic or print media or in job search portals (such as seek, Jora, Indeed etc.) from the first week of the Trimester to the week 8 of the Trimester. Based on your collected advertisements, do the following tasks:

1. List all the personal attributes required from a corporate accountant that have been mentioned in the job advertisements that you have collected with your detailed understanding of each of the attributes.

2. List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in the advertisements that you have collected and analysed.

3. Based on the key roles, tasks, responsibilities identified from your collected job advertisements, how those key roles, tasks or responsibilities

4. What additional topics, attributes or learnings outcomes are missing on the job advertisement.

5. Critically examine the skills, experience and attributes needed to become a corporate accountant. Also, critically evaluate how the topics that you have learned in

Part B Select 1 (One) public limited company listed on the Australian Securities Exchange (ASX) that are in the same industry. The company must have subsidiary companies and must have prepared consolidated financial statements. Download the latest annual reports consecutively for last two years of the company that you have selected. Do not use your company's interim financial statements or their concise financial statements. Please read the financial statements (balance sheet, income statement, statement of changes in owner's equity) very carefully. Also, please read the relevant footnotes of your company's financial statements carefully and include information from these footnotes in your answer. You need to do the following tasks: EQUITY & LIABILITY

6. From your company's financial statements, list each item of equity reported and understanding of each item. Discuss any changes in each item of equity for your company over last two years articulating the reasons for the change.

7. From your company's financial statements, list each item of liability reported and understanding of each item. Discuss any changes in each item of liability for your company over last two years articulating the reasons for the change. OTHER COMPREHENSIVE INCOME STATEMENT

8. What items have been reported in the other comprehensive income statement for each year? 9. Why have these items not been reported in Income Statement/Profit and Loss Statements? 10. Provide a comparative analysis of the items shown in the other comprehensive income statement section for the two years. If these items were included in the income statement / profit and loss statements of each year, how would the profit attributable to shareholders of the company be affected? 11. Should other comprehensive income be included in evaluating the performance of managers of the company?

Assignment Structure should be as the following: Abstract - One paragraph List of Content Introduction Body of the assignment with detailed answer on each of the required tasks Summary/Conclusion List of references

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting

Authors: David Spiceland, Wayne M. Thomas, Don Herrmann

5th edition

1259914895, 978-1259914898

More Books

Students also viewed these Accounting questions

Question

Discuss brief psychodynamic psychotherapy approaches.

Answered: 1 week ago