I need some help of question 3 in the individual part of this assignment. Plz give me some advice and references about this question. By the way, the choice of me is the America Movil from Mexico(an Telecommunication company). Plz check the attachment.

QUEENSLAND UNIVERSITY OF TECHNOLOGY QUT Business School School of Accountancy AYN424 International Accounting SEMESTER TWO, 2017 ASSESSMENT ITEM 2: Project (Weighting Total: 25%) Due Date and Time: Group Project Due in by 8pm Thursday 5th October, 2017 Submission: Via Blackboard Assignment Submission Your Submission must include: Your group answers to Part B of the Project AND the individual answers to Part A of the project for EACH of your group members. These individual answers must be attached as separate appendices to the Group Answers to Part B A School of Accountancy Cover Sheet The assignment criteria sheet Specific Penalties will apply for late submission as detailed below. Compulsory/Optional: Compulsory Group or Individual: Group Length: 1250 words for answers to the Part B group project questions - Further Details in Project Instructions which are included in this document from page 5 This assessment item assesses the following learning outcomes: Knowledge & Technical Skills (KS) 1.1 Demonstrate and apply integrated and advanced discipline and professional practice knowledge, including knowledge of relevant research principles and methods. 1.2 Apply technical, technological and technical research skills to organise and interpret discipline knowledge, including theory and practice, to investigate business issues. Higher Order Thinking (HO) HO 2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts. Page | 1 Professional Communication (PC) 3.1 Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences. Teamwork & Self (TS) 4.2 Apply teamwork knowledge and skills for effective collaboration across a range of complex activities and contexts. Social, Ethical and Global Understanding (SE) SE 5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues SE 5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts. Background: As business and financial markets have become increasingly globalised, the significance of the differences in the international financial accounting policies, and disclosure and reporting practices of global corporations, has become more important, especially from the perspective of management, financial analysts, shareholders, pension/superannuation funds and other users of financial statements. For these key interest groups, it is vital not only to be aware of international differences in financial accounting policies and practices, but also to be able to assess their impact on earnings/profits and assets and key performance indicators and ratios, for example, return on assets. Additional key issues in globalised business operations relate to an understanding and appreciation of cultural diversity issues and the global trends in corporate governance, corporate social responsibility and international taxation. Purpose: Completion of this cross-cultural and cross-discipline project is of critical importance to your understanding of the key issues that global corporations and their stakeholders experience on a daily basis. The knowledge required to successfully complete your major project is also of critical importance to your final exam preparation. As highlighted in the weekly submissions' assessment task, by completing the weekly workshop tasks, with appropriate references to the relevant mandatory readings, you are consistently working towards the completion of both your major group project, your presentation tasks and your closed-book final exam. Availability of Major Group Project Task: The Major Project task details are set out on pp. 5-10 of this document. The content needed to complete this project is directly related to the weekly lecture material reviewed and analysed in the weekly workshop submissions and presentations. Note also that detailed solutions are provided each week under the Feedback heading to assist you. Major Project Submission Instructions: Summative Submission of Completed Major Project: 8pm Thursday 5th October, 2017 Submission via Blackboard Assignment Submission - Specific Penalties will apply for late submission as detailed below. Page | 2 Note: Failure to reference correctly in your major project may result in you receiving lower marks for this assessment task under PC 3.1. Late Project Submissions: In both your QUT study and your professional life you will be expected to meet deadlines. In keeping with this expectation, if you submit your major project after the due date it will not be marked and you will receive a grade of 1 or 0%. If special circumstances prevent you from meeting the assessment due date, you can apply for an extension as set out in your Unit Outline under Assessment Submission and Extensions. You can also access the link 'apply for an extension' directly from the 'yellow box' in Assessment Folder on the Blackboard. If you don't have an approved extension, you should submit the work you have completed by the due date and it will be marked against the assessment criteria. Feedback After the assignments have been marked, you will be provided feedback with any strengths and weaknesses associated with the assignment submitted, to assist you in your preparation towards the final examination. To ensure that all students receive the same level of feedback and support, please use the Discussion Board Forum that is set up for the 'Major Group Project' on the Blackboard to raise any queries in respect of the assignment. All students are encouraged to check the Discussion Board for any updates/answers to the queries. It has been a very helpful site for students in previous semesters in completing their assignment. Assessment Criteria Please refer to the CRA for the 'Major Project' posted under the Assessment tab on Blackboard. Submission Details Assignment Length: The assignment is marked out of 125 Marks and comprises 25% of your overall marks for the semester. A detailed set of marking criteria sheets will be provided under the Assessment Heading and should be submitted as the first part of your assignment. The word limit of the Group Answers for Part B to your clients is 1250 words - NOTE: that ALL tables, charts, extracts from annual reports etc. included in this word-limited submission WILL BE COUNTED in the word limit. These Tables etc. MUST be placed in separate appendices to your wordlimited document as discussed in detail in lectures and workshops. Note: the answers to Part A of the project by EACH of your individual members MUST also be attached to your group's answers to the Part B question - with each individual set of answers to Part A to be attached in a separate appendix to your Part B answers. We will be discussing these submission requirements and the overall project task in class in the Workshops on the 15th August. Note: The marker will stop reading your assignment once the word limit has been reached. Formatting and Referencing: Please refer to the task requirements for the project - i.e. your final submission must answer all the assignment questions. Remember that your written expression is important in that we need to be Page | 3 able to understand your answers. That is, your responses should exhibit clear English expression and should contain a minimum number of grammatical errors. The content of your written, project answers and any supporting appendices should be fully supported by references using QUT's \"Cite and Write\" document available from the library website as further detailed in the referencing workshop in Week Two. You may select whichever referencing you prefer (there are four examples given in this referencing document), however, this choice must then be used consistently in your reference list. Content of Appendices/Working Papers: In order for the marker to accurately assess your responses, you must provide copies of the pages from the Annual Reports and Financial Statements that you used for each of your three companies. These extracts must be attached to your written answers to the project questions in your Working Papers/Appendices. Please retain all drafts of your project answers and appendices until after the final results for the AYN424 subject are formally released. Late Assessment and Extensions In both your QUT study and your professional life you will be expected to meet deadlines. In keeping with this expectation, assessment submitted after the due date will not be marked and will receive a grade of 1 or 0%. Thus, you should submit the work your group (and all its members) has completed by the due date so that it can be marked against the assessment criteria. Note that the QUT Business School has ruled that students who submit as a group will not then be able to apply for an extension on their group assessment through the new QUT extension process. However, in exceptional circumstances, students can apply for special consideration on their result. Please refer to Sue Taylor for any queries in relation to this process. Formatting, Presentation and Referencing: Please note that your group-based, written answers do not need to be in a report format. However, it is important to remember that written expression is important in that your clients need to be able to understand the information provided. That is, your responses should exhibit clear English expression and should contain a minimum number of grammatical errors. The material used to complete the group project needs to be full referenced using QUT's \"Cite and Write\" document available from the library website and as detailed in our Referencing Materials provided in Lecture Three. Your group may select whichever referencing you prefer (there are four examples given in this document), however, this choice must then be used consistently in your reference list. [cont'd] Page | 4 AYN 424 - International Accounting - Semester Two, 2017 Group Project Task Requirements: Wesfarmers Ltd - FDI Options Assessment Task Requirements: From its origins in 1914, Wesfarmers has grown into one of Australia's largest listed companies. With headquarters in Western Australia, its diverse business operations cover: supermarkets, liquor, hotels and convenience stores; home improvement; office supplies; department stores; and an industrials division with businesses in chemicals, energy and fertilisers, industrial and safety products and coal. Wesfarmers is one of Australia's largest private sector employers with around 220,000 employees and has a shareholder base of approximately 530,000. The primary objective of Wesfarmers is to provide a satisfactory return to its shareholders. http://www.wesfarmers.com.au/who-we-are/who-we-are Following lower profits in 2016 by Wesfarmers, your group, as an independent investment consultancy firm in Australia, has been employed by Wesfarmers to assist them to improve returns/after-tax profits for investors while also diversifying investment risk. To achieve these outcomes, the Board of Directors of Wesfarmers would like to further expand the company's operations globally and are interested in investing in ONE of three primary sectors: pharmaceuticals, telecommunications and the airline industry, all other sectors/industries are excluded from consideration. This investment is to take place through the purchase of $2 billion in shares in an existing, successful, company within the ONE sector selected. To ensure that all options are fully explored by your consultancy firm, three culturally different regions globally are of interest to the Directors as highlighted below: (a) Anglo Saxon countries (e.g. UK, Australia, Canada, former Commonwealth member countries such as India, Malaysia, Singapore etc. and the Nordic countries of Denmark, Netherlands and Sweden) - Note: you cannot use the US as a nation. (b) the Germanic/Latin countries (e.g. France, Germany, Italy, Poland, Czech Republic, Switzerland, Brazil, Chile, Argentina and Mexico); and (c) the Asian countries (e.g. China and Japan). [cont'd] Page | 5 Your task as a group is to: 1: select ONE sector for investment from ONLY the three (3) options preferred by the Directors of Wesfarmers. 2. select one listed, company for each member of your group from the sector that you have selected together as a group. Note that atleast one company must come from each of the three different cultural regions. That is, you must select atleast one Anglo Saxon company, one Germanic/Latin company and one Asian company. 3: after the selection of the companies within your group, each indvidual group member must then answer the three questions as set out below in Part A of the Project. 4: the answers from each individual group member must then be submitted to their group members by an agreed upon date by the group. This submission date needs to be carefully considered to allow each group time to then answer the group-related questions in Part B by the due in date for the assessment task. 5: the submission date to the group, the format details and the word limit of these individual answers in Part A must be established by each group. These individual answers must be written under the headings provided in Part A. 6: your group-based answers in Part B, which must use the information provided by the individual group members, must be written under the headings provided in Part B and within the word limit set for this task of 1250 words. ALL supporting information, such as tables, graphs, annual report extracts, definitions and detailed references MUST be included in relevant, separate appendices. 7: to support the group's overall answers to the questions in Part B, when submitting the electronic copy of the group's answers for assessment purposes, each group member's individual answers to the Part A questions must be attached to the group's Part B answers in relevant supporting Appendices. These requirements will be discussed in class in detail in the 9-10 and 12-1 Workshops on the 15th August. Under NO circumstances is any member of the group to complete any part of the individual work for another group member. This is a breach of university rules and can lead to a case of major academic misconduct against all students involved. That is, all individual group members must answer the three individual group member questions without any editing of the work by any other member of the group. All group members must also contribute equally to the answers to the Part B Group questions. [cont'd] Page | 6 Major Group Project: Assessment Related AOLs: Assessment Related AOLs - Please Refer to the Group Project CRA Under the Assessment Heading for Full Details of These AOLs and the Marking Scheme: KS 1.1. Knowledge & Technical Skills = Total 25 Marks = Part A = 10 Marks / Part B = 15 Marks HO 2.1 Higher Order Thinking = Total 25 Marks - Part A = 9 Marks / Part B = 16 Marks PC 3.1 Professional Communication (PC) = Total 25 Marks - Part A= 10 Marks/Part B = 15 Marks TS 4.2 Teamwork & Self (TS) - Teamwork = Total 25 Marks - Part A = 10 Marks/Part B = 15 Marks SE 5.1 Ethical and Legal Understanding = Total 12.5 Marks - Part A = 6 Marks / Part B = 6.5 Marks SE 5.2 Socially Responsible and Global Understanding = Total 12.5 Marks - Part A = 6 Marks / Part B = 6.5 Marks Part A: Individual Group Member's Performance Task - 51 Marks: A: Preliminary Explanation for Selection of Global, Listed Company Within the Industry Selected by Group 1) Provide a preliminary and summary explanation of why you have selected the listed, company for your analysis. For example, is this company from a nation that has adopted IFRS and/or is there a current (2016 or 2017) annual report available from the company that you have selected? In this annual report is it clear that the listed company selected is using IFRS to prepare the financial information within the annual report? Note: it is important that all three companies selected MUST have the same year end date for their annual reports - e.g. they must all be either 2016 (any month within this year) or they must be all 2017 (any month within this year) [12 Marks] B: Comparative Analysis of Company-Related Nation - PRE-IFRS Development Factors, Cultural Dimensions and Accounting Values and Their Impact on POST-IFRS Accounting Values Within the Nation and on Financial Information Quality 2) Provide a summary Table of the PRE-IFRS development factors, cultural dimensions and accounting values of the country related to the company you have selected and explain the nature of the relationship between these factors, dimensions and values. Outline what impact you think these PRE-IFRS development factors, cultural dimensions and accounting values had on the POST-IFRS accounting values of your nation and on the quality of the financial information provided by globally listed companies within the nation; and [12 Marks] Page | 7 [cont'd] 3) Discuss in your own words the current level of foreign direct investment (FDI) that is flowing into your nation and what impact this FDI level will have in terms of investment risk for Wesfarmers's investment in the company you have selected. In your answer, also discuss whether there any issues of corruption or serious environmental impacts or economic issues related to the company or its related nation which may impact negatively (or positively if there is a lack/absence of corruption and environmental issues etc.) on any potential investment in the listed company you have selected. [7 Marks] Team/Group Work - Note this is a Mandatory Assurance of Learning Goals (AOLs) required by the University for AYN424 Students: TS4.2 Teamwork - Individual Component As set out in the CRA for this assessment task, you will be awarded Teamwork marks based on: 1: Your use of the teamwork knowledge and skills for effective collaboration in groups in working with your group to select a relevant sector and, then, in terms of selecting relevant listed companies and their related nations. These team/group work skills were outlined and practiced in the Mandatory Workshop in Week Three and you should be referring to the support materials provided in your Week Three Workbook; and [5 Marks] 2: The quality of your participation in your group in relation to determining the submission deadline for the Individual, Part A answers to the group AND your submission of your answers to your group by that deadline [5 Marks] Professional Communication: Individual-based Answers - Part A Assessment Related AOL - PC 3.1 Professional Communication Your individual answers to Part A of this project are communicated effectively and professionally in written form to your group members. You also use appropriate supporting materials such as annual reports extracts and summary tables etc. [10 Marks] Page | 8 [cont'd] Part B: Group Task - Submission of Group-Based Answers to the Wesfarmers Board of Directors - 74 Marks: C: Comparative Analysis of Selected Companies, Identification of Corruption Levels and Financial Statement Analysis Limitations (4) Provide a comparative analysis of the companies selected by each individual group member utilising the international, financial statement analysis which includes: (a) an overall business strategy analysis; (b) the analysis of each company's financial reporting practices; and (c) a financial analysis using a sample of three key ratios only and highlighting any limitations of this ratio analysis process. Note: a Prospective Analysis is not required. [16 Marks] (5) Identify three overall key hindrances/limitations to international financial statement analysis that your group encountered in trying to complete the international, financial statement analysis and comment on whether your group believes that these limitations can be successfully overcome and how this could be achieved; and [14 Marks] D: Overall Investment Recommendation (6) Using all of the information obtained in the answers to Questions One to Five, make a recommendation to the Board of Directors of Wesfarmers as to whether Wesfarmers should invest in any of the companies analysed, providing reasons for your group's final recommendation. In your answer discuss any potential future impacts on Wesfarmers that may arise as a result of BREXIT and FDI into the UK. [14 Marks] Professional Communication: Group-based Answers - Part B Assessment Related AOL - PC 3.1 Professional Communication Your group responses to Part B of this project are communicated effectively and professionally in written form to your clients to ensure that the decisions made by your group in terms of the analysis of a range of investment options and your group's overall recommendation/s are clearly understood by your clients. Your group answers also use appropriate materials such as annual reports extracts and summary tables etc.to support your overall answers and recommendation/s. [15 Marks] Page | 9 [cont'd] Team/Group Work - Note this is a Mandatory Assurance of Learning Goals (AOLs) required by the University for AYN424 Students: TS4.2 Teamwork - Group Component As set out in the CRA for this assessment task, you will be awarded Teamwork marks based on: 1: Your use of the teamwork knowledge and skills for effective collaboration in groups in working within your group to read and analyse each individual submission from your group members and to select an overall investment recommendation for your clients; and [10 Marks] 2: The quality of the participation within your group in relation to the finalisation of the responses to the Part B, Group based questions and in preparing these answers in an acceptable submission format - e.g. within the word limits, references and with all supporting individual answers contained within the relevant appendices etc. [5 Marks] Total Individual Marks = 51 Marks/Total Group Marks = 74 Marks - Total Marks = 125 Marks/Total Percentage = 25% Page | 10