Oz bank (Oz) has diverse business streams including asset management, retail, business banking and insurance. In financial year ended June 2020, the bank experienced downturn due to COVID Pandemic. Many customers couldnt afford paying off mortgages due to the lockdown situation. In addition, many businesses also lodged the insurance claim to recover from the once off damage caused by COVID. Along the ease off of Pandemic, Oz also plan marketing activities to recover from the Pandemic. You are the CFO, you are requested to prepare following accounting information to update to the board.

1 question required? You are the CFO, can you comment on the CEOs suggestions from Ethical perspective, and provide four suggestions to improve Ozs profit, business outcome?

During COVID, Oz bank experienced low NIM (net interest margin) due to governments continuous reduction of interest rate to help the economy. Therefore, one of the KPI (the profit) wont be able to meet the budget. The consequence is the bonus will be affected adversely. The CEO want to delay recording depreciation expenses until 2021 to boost up the profit. You are the CFO, pls comment on the CEOs suggestions from Ethical perspective, also provide 4 suggestions to improve profit. Other recommendations to improve business outcome are encouraged. Refer to Assessment Rubic for further detailed requirements?