Question
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
Purpose:
The first part of this assignmentaims 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 assignmentaims at developing a clear understanding of students on different equity, liability, and comprehensive income items reported by companies/ corporate groups.
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Assessment task:
Part A
CollectAT LEAST 20job 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 inelectronic or print media or in job search portals (such as seek, Jora, Indeed etc.)
Based on your collected advertisements, do the following tasks:
- 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.
- List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in the
- advertisements that you have collected and analysed.
- Based on the key roles, tasks, responsibilities identified from your collected job advertisements, how
- those key roles, tasks or responsibilities are related to the topics that is have learned in MPA
- Corporate Accounting.
- What additional topics, attributes or learnings outcomes are missing from corporate accounting
- Corporate Accounting that are listed on the job advertisement.
- Critically examine the skills, experience and attributes needed to become a corporate accountant.
- Also, critically evaluate how the topics learned in MPA has helped you in gaining the skills, knowledge, experience and attributes needed to become a corporate accountant.
Part B
Select1 (One) public limited companylisted 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 forlast two yearsof the company that you have selected. Do not use yourcompany'sinterim financial statements or their concise financial statements. Pleaseread the financial statements (balance sheet, income statement, statement of changes in owner's equity) very
carefully. Also, please read the relevant footnotes of yourcompany'sfinancial 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 the 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.
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7. From yourcompany'sfinancial statements, list each item of liability reported and the 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
- What items have been reported in the other comprehensive income statement for each year?
- Why have these items not been reported in Income Statement/Profit and Loss Statements?
- 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?
- Should other comprehensive income be included in evaluating the performance of managers of the company?
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