200398 Auditing
200398 Auditing Quarter 3 2018 Student Presentation (10%) Presentation Topic 2 A growing number of companies in Australia and across the world are getting their sustainability reports assured. Since assurance of sustainability reports is not mandated by law in Australia, discuss why companies may demand assurance on sustainability reports. Outline key differences between financial report audit and sustainability report assurance engagements (it may be useful to structure your comparison based on the subject matter of the audit/assurance, relevant standards/frameworks, criteria, auditing and assurance standards). Based on an organisation of your choice (Australian listed company), discuss some of the key differences between the auditor’s report issued for the audit of the financial report and the assurance report issued for the sustainability report (focusing on the level of assurance provided and choice of assurance provider). Presentation Requirements You are required to undertake research on the allocated topic and present your findings in a fifteen-minute video presentation. The video presentation has to be uploaded on vUWS by Tuesday 14th August 2018 1pm in Week 8. The topic allocation is presented on the next page. Please note, you have to present on the allocated topic. If you present on a different topic, you will be given a mark of zero.
Experts Tutors
We hire only masters and PhD assignment help tutors. Our tutors go through a rigorous evaluation process before they are being hired. This ensures that we deliver the best academic assistance services to our students.
24*7 Service
Our services for students are available 24x7 i.e. we are available online all the time 7 days in a week to help you in solving their academic projects in the best possible manner.
We provide totally customized solution as per need of the students.
200426 Corporate Finance
200426 Corporate Finance Quarter 1 - 2017 Case Study Pelican Pharmaceuticals Limited Due Date: Session 9 ======================================================== Pelican Pharmaceuticals Ltd (PPL) is an Australian company that manufactures generic pharmaceutical products for supply to the Australian, New Zealand and Asian markets. The majority of the business is in Australia but both the other markets are growing rapidly but from a very low base. The company manufactures commonly used products that no longer have patent protection and the majority of their business comes from prescription products supplied under the Pharmaceutical Benefit Scheme (PBS) in Australia. The company does however conduct some limited research and development and has in recent years launched two differentiated products. These products are not listed PBS products but are sold over the counter (OTC) with limited medical claims. PPL has manufacturing premises that operate under the code of good manufacturing practice and is licensed to manufacture human pharmaceutical products for distribution in their three markets. They also undertake contract manufacturing for other companies. The business is successful and is listed on the ASX. Freddy Ferguson, the CEO of PPL, is very keen on launching a new OTC product for the treatment of constipation in adults as he believes the product has some unique features which will expand their business considerably, particularly in older age groups. The product is based on psyllium husk, a natural fibre product, well known in the pharmaceutical industry. The new product is a powder that can be mixed in water but is unique in that the mixture contains only natural products with no artificial flavours or colourings. Extensive testing has revealed that the side effects are considerably less than the products currently on the market. PPL currently markets a tablet that is based on a similar fibre but this product does have some side effects particularly in older people. The launch of this new product will require considerable capital expenditure as it will require new manufacturing equipment and some building modifications to accommodate the new equipment. The equipment will have spare capacity as PPL currently produce no other powder products. The matter is becoming urgent as Tom Carter, the Manufacturing Director, has just returned from India where he has identified a reliable source of psyllium husk and has negotiated an exclusive deal with an Indian partner. The agreement has yet to be signed but the Indian partner is anxious that the deal be finalised. Freddy recently called a meeting to discuss the project. In addition to Freddy and Tom the meeting was also attended by Jennifer Brown, Research and Quality Assurance Director, 2 Miguel Sanchez, Sales and Marketing Director and Anna Chen, Financial Controller. Freddy and Miguel were very keen on the project and saw a great opportunity to increase sales, both in Australia and New Zealand, and had presented a sales forecast at the meeting. Tom was concerned that based on the sales figures presented the new equipment would only be working to about 50% of its capacity and the cost could not be justified. Jennifer pointed out that the research on the new product had cost $250,000 and PPL needed to launch the new product to justify this expenditure. Freddy added that in addition to this research expenditure Tom had been to Europe to investigate suitable mixing and packing machinery and that this trip had cost $30,000. His two trips to India had also cost $40,000 and legal expenses another $12,000. It was important that the project went ahead to recover these expenses. Tom had identified suitable machinery but was waiting for final quotes. The machinery was expected to cost approximately $1,000,000. A firm quote of $75,000 had already been received for the internal building modifications. Anna reminded the meeting that this level of expenditure would require board approval and that the Board required that the NPV and IRR for the project be calculated and an executive summary of the project be submitted to the Board together with the discounted cash flow calculations. Anna was concerned that the preliminary sales figures would not justify the expenditure and would like to see a higher usage of the equipment. Miguel undertook to investigate the possibility of more contract manufacturing to utilise the spare capacity. Freddy asked that all the attendees work together over the next two weeks to assemble all the data needed to obtain approval of this project and stated he believed this project is vital for the continued growth of the company. Two weeks later the management team met to discuss the data assembled for the project. Tom stated that he had received a firm quote of $1,050,000 for the new equipment. Tom and Miguel then presented the sales and cost data which is attached as Appendix 1. The forecast covered both the sales of the new product and sales of additional powder products manufactured for other companies (contract sales). The forecasts were only for five years because it was expected that sales and costs would only increase in line with the general rate of inflation in subsequent years. It was also agreed that the product would reach the end of its life somewhere between eight and ten years time. This was confirmed by Jennifer Brown who believed PPL would have developed a new product in that time. It was agreed that the life of the project should be considered as 10 years. Anna then detailed other increases in factory cost that she and Tom had identified. There would be an increase in factory wages. The operation of the machine was essentially an unskilled job but would require an increase in the number of employees. The additional cost in wages for the first year was $150,000. There was expected to be no further increases in the number of employees but wage rates were expected to increase by 2% per year over the ten year life of the project. Anna said there would be a significant increase in variable factory overheads such as power, water, consumables etc, and she and Tom had completed an analysis and felt that these expenses varied directly with sales and for forecasting 3 purposes would use 18% of both the new product sales and contract sales as the estimate of this cost. Both she and Tom felt that this was accurate enough for the cost projections. Tom added that there was one other major cost that could not be ignored. In the first two years the new equipment would be covered by warranty for major part replacement but that after this an allowance should be included for spare parts replacement. Tom had estimated a cost of $15,000 in year 3, $30,000 in year 4 and $50,000 in year five. After that the maintenance cost would only increase by the 2% per annum being forecast for general price increases. Tom had also stated that inventory levels would increase by $150,000 mainly due to the psyllium husk and finished goods. He was confident however that, after the initial increase prior to the launch of the new product, inventory levels would not increase by any more than the $150,000 over the life of the project as the logistics manager was maintaining tight control over inventory levels. Miguel then tabled the advertising budget. Miguel stated that a significant amount would be needed in the first two years to ensure that the message regarding the elimination of side effects reached its target audience. He estimated $375,000 would be spent in years one and two. The advertising costs would then fall to $300,000 in year 3 and $275,000 in year 4. From year 5 the advertising costs would be kept to a maximum of $150,000 per year with reductions in volume offsetting any increases in price. Anna then tabled some concerns that she had with the project. Her first concern was with the building modifications. The accountants had stated that as the building modifications did not substantially improve the building or increase the life of the building the tax office had given written advice that the modifications could be claimed as a tax deduction at the time the expense was incurred. As the amount was significant, for accounting purposes, she would allocate the expense to the profit and loss account over the life of the project. Similarly the tax office would allow the depreciation of the new equipment to be claimed over an 8 year life (12.5%) but for accounting purposes the equipment will be depreciated over the life of the project (10%). The depreciation for accounting purposes will also take into account the expected sale value at the end of the project which is expected to be $185,000. The company’s accountants had also stated that all the preliminary expenditure, totalling $332,000 on research, overseas trips and legal expenses could be written off to the profit and loss statement over the life of the project. They had also confirmed that the tax deduction for these preliminary expenses is claimed in the year the expense is paid. Anna was also concerned regarding the increase in working capital arising out of the increase in the level of receivables. PPL allow all customers sixty days to pay their monthly accounts and this will lead to an increase in receivables of approximately $193,000 in the first year alone. A schedule of the expected increase in receivables balance is attached as appendix 1. Anna’s major concern however was the inclusion of the contract sales in the analysis. It had taken a long time to build up the current contract manufacturing business and this business was very variable. Powder mixing was a new area of manufacture and there were many 4 other competitors in this area. She felt the equipment should be justified by the new product only. She also felt that the new product sales could be optimistic by as much as 5%. Miguel and Freddy disagreed with this and had a different opinion and believed that the sales could be as much as 10% higher. Anna also provided the following additional information: 1. The company is a profitable company and pays tax at the corporate tax rate of 30% 2. PPL’s Board have stated that the Board require a nominal rate of return of 15% on all investments in the pharmaceutical business 3. Tom and Anna had agreed that if the forecast contract manufacturing sales did not eventuate the factory wages cost would be reduced by $50,000 in the first year in addition to the elimination of all the directly variable costs. 4. As the company did not have sufficient cash to pay for the machine in full Anna had negotiated a fully amortised loan with the bank for $500,000 at a fixed rate of 7.5% p.a. that would be made available if the project went ahead. The monthly repayments were $7,669 over 7 years Freddy instructed Anna to prepare a recommendation to the Board. The base case (most likely) project should be based on the ten year sales forecasts shown in appendix 1 including the contract manufacturing sales. Required: Anna has asked you to join the small finance group and assist her in the preparation of a recommendation to the Board. You are to prepare the following: 1. A readable spreadsheet clearly showing the discounted cash flow analysis as required by the board. These spreadsheets should be based on the full ten year project as instructed by Freddy Ferguson the CEO. The calculations must include the Payback period, NPV and the IRR of the project. (10 Marks) 2. Readable spreadsheets that analyse the concerns that Anna has regarding the forecast sales for contract manufacturing and the accuracy of the sales forecasts as indicated by Anna, Freddy and Miguel. (2 Marks) 3. An executive summary making a firm recommendation to accept or reject the project. The executive summary must contain concise reasons for your recommendation and a summary of your financial analysis. (Maximum 1000 words) (12 font) (5 Marks) 4. Other factors should the firm consider. Here you should be able to specify any further factors the company might overlooked or other factors that should have been taken into consideration. Also (maximum 500 words) (3 Marks) 5 APPENDIX 1 Pelican Pharmaceuticals Ltd Sales Forecasts Years 1 to 5 1 2 3 4 5 New Product 1,500,000 2,000,000 2,750,000 3,000,000 3,060,000 Contract Manufacturing 250,000 300,000 375,000 450,000 500,000 Raw Material Costs Years 1 to 5 1 2 3 4 5 New Product -450,000 -600,000 -825,000 -900,000 -918,000 Contract Manufacturing -67,500 -81,000 -101,250 -121,500 -135,000 Lost Sales of Current Product Years 1 to 5 1 2 3 4 5 Current Product -575,000 -750,000 -1,000,000 -1,020,000 -1,040,400 Variable Costs Current Product Years 1 to 5 Current Product 155,250 202,500 270,000 275,400 280,908 Forecast Receivables Balances Years 1 to 5 Year End Closing Balance 193,151 254,795 349,315 399,452 414,181 Note: That for all the above sales and costs the forecasts for years 6 – 10 only increase by 2% per year to allow for general inflation. The year-end receivables balance is expected to increase by 2% per annum during years 6 to 10. This assignment is expected to be completed as part of a group to assist your learning. The maximum number of students in a group is four (no exceptions). The assignment should have a cover sheet clearly showing the Following: 1. Report Title Page: This is a distinctive title page prepared by your team. 2. Names and student numbers of the group members. 3. Subject Name and Number The case study will be returned in the last lecture when the model answer will be reviewed. The majority of the information required to complete this case study is specifically covered in class. The increase in working capital required in this case study will require some thought.
We provide totally customized solution as per need of the students.
200693 Accounting Professional Engagement
2.4.1 Professional task Weight: 10% Type of Collaboration: Individual Due: Friday week 1 Submission: The CV and Expression of Interest (EOI) that addresses the selection criteria to tender for a specific project is to be submitted (refer for submission instructions) by 17.00 pm on Friday week 1. Submissions to be lodged via vUWS. Format: Length: 1,100 words Curriculum Mode: Professional Task Overview In week 1 the unit expectations are discussed in class and an overview is given as to the consulting role play for the duration of the term. To kick-start the project based learning experience students will be provided the consulting project briefs by the industry partner (depending on availability) or lecturer in week 1. Students will be grouped in consulting teams by the lecturer at the end of week 2. Students will need to submit their CV and also an expression of interest (EOI) to tender as to which project they chose and a justification thereof. Details Based on the project briefs, and personal employment goals, students are asked to consider which project they would like to work on and apply for it. Unfortunately, there is no guarantee that students will be allocated their desired project. Students need to submit a CV and a response to the project tender as part of the first assessment task. Students will be grouped into project teams by the lecturer based on their expression of interests (EOI). . Note The aim is to have two/ three groups of 4-5 students work on a project. It is an expectation that these allocated groups will meet both individually and with their tutor weekly. You might be asked to travel to the premises of the industry partner for the project briefing session, mid-session review and also for the final presentations; just like consultants would. Thus, you need to be flexible and dedicated to the project. Assessment 1: CV & EOI Fot Project Tender (Selection Criteria) Content to include in your EOI: – Professionally prepared and formatted CV – Cover letter: Address the following selection criteria 1. Which project is of interest to you? Why? 2. What is your envisaged role within the team? Be specific and justify it with the roles you held in past team projects. 3. Address the strengths that you can bring to the project and team as well reflect on your weaknesses that you are aware of. Specifications – 1100 words – MS Word – Spell and grammar-checked 2.4.2 Professional task Weight: 30% Type of Collaboration: Individual Due: Wednesday of week 7 Submission: Final individual project memorandum is due Wednesday in week 7 (30 marks). Online submission. Students are encouraged to submit weekly submissions via their journal entries (approx. 200 words a week) to assist with overall project memorandum for week 7. Format: Length: 1,500 words Curriculum Mode: Professional Task Details You learn at your best when you have something you care about and can get pleasure in being engaged in. (Howard Gardner) An individual project memorandum is a record of your deep reflective thoughts on your learning experiences. The memo is written to the senior partner of the WSU consultancy who is interested in the work that you have undertaken on this project and views on meeting the deliverables, teamwork and overall lessons learned for your professional career development. Your promotion to senior consultant depends on it! Assessment 2: Project Memoradum (Suggested Format) Contents and specifications This assessment task consists of three parts: – Meeting the deliverables: Record and reflect upon the development of your ideas, insights and subsequent actions and undertaken initiatives towards project completion; meeting the client deliverables. – Teamwork: Reflect upon your personal experiences in working within a team environment. Provide examples that relate to your understanding your personal and group effectiveness. – Your Professional standing: Record the overall lessons learned from your learning on this project based learning opportunity. How has this assisted you with your career and future goals. Provide reference about your interaction with senior executives. Your project management skills. What are the soft skills (non-technical skills) that you need to work on/ lack? Do you see yourself as a consultant in the future? What skills did you gain? Need to strengthen? Analyse deeply your own learning for self-development. Specifications: – 1500 words approx. 500 words for each section – Quality rather than quantity matters – Address the audience in your memo Each person’s memorandum is unique and there is no correct or incorrect response, though there are non-passing grades because of a lack of adequate deep and probing reflection and examples . It is an important assessment task to help you consolidate your varied learning experiences from different activities in this engaged unit. Think deeply, personally, and wisely (i.e. towards problem-solving/solutions , and ensure that it is written as a memorandum directed at the consulting partner. Don’t be descriptive, be reflective and ensure that you address the three parts of the memorandum. Note The assessment task, with 30 marks attached to it, is meant to encourage you to consistently participate in all learning activities that are directed to the role play of you being a WSU consultant. This will be achieved by fully embracing the requirements of this task, which will also facilitate the achievement of all the learning outcomes as specified in the unit outline. 2.4.3 Presentation Weight: 20% Type of Collaboration: Group Due: Week 10 Submission: Presentations will be scheduled in week 10. Location and time of your presentations will be advised as it is dependent on client availability. Format: Length: 20 minutes Curriculum Mode: Presentation Overview This assessment comprises a formal and professional group presentation that is worth 20 %. Your final presentation to the industry partner will be scheduled in week 10. The presentation will take place at the industry partners’ premises (depending upon availability of the client). It is essential that all members in the team co-operate and contribute fully and that no member is a passenger. Members of each team will be required to prepare three peer evaluations on other members of the team at stages during the unit. These evaluations may be taken into account in awarding the mark for the project to each team member. Details This component of assessment is compulsory. The aim of the group presentation is to deliver the findings to the identified problem to the client. Your presentation is assessed on content and professional presentation skills. You are to address and pitch your findings and provide recommendations to the client who hired you as consultants. Presentations are to be both informative and engaging. Students are encouraged to demonstrate a degree of creativity and flair whilst maintaining and adhering to professional business etiquette. Students may wish to consider supporting material including white boards, handouts, audience participation/activities, videos and anything else they deem appropriate in consultation with the unit coordinator. The presentation must include: – The Organisation and Project Background – Project Scope Summary and Objectives as to Why you were hired as consultants – Highlights drawn from the Final Report including relevant theory/frameworks selection and application to the project, approaches to issues, outcomes – Key recommendations and benefits for the industry partner. Note Each student must participate in the presentation on the day it is scheduled. Students are asked to be flexible if the presentations will be held on client premises. If students are unavailable to present in week 10 in front of the client it is seen as a failure to comply with a compulsory unit requirement and they receive an FNS grade. Submission requirements Presentations will be scheduled in week 10. Location and time of your presentations will be advised, depending on the availability of the industry partner and the executive team who will make up your panel.
We provide totally customized solution as per need of the students.
200817 Business Communication Skills
Digital communications concept plan • Designing a digital communications concept plan for an M&J Chickens (Australian Chicken Food Processing Company) • Project: 3 components. • Report (25%): Group – due Week 10 (Saturday 17 November 2018 at 11.55pm) • Presentation (10%): Group - due Week 10 (Saturday 17 November 2018 at 11.55pm) • Reflection Paper (5%): Individual - due Week 10 (Saturday 17 November 2018 at 11.55pm) • You are presenting your plan to senior management to get the go-ahead Digital Communications Concept Plan 2 options: [Choose either Australia or any country from Asia-Pacific Region] 1. Develop a Digital Communications Concept Plan for the Domestic Market (AUSTRALIA)…………….or 2. Develop a Digital Communications Concept Plan for a country in the Asia-Pacific Region (SELECT ONE COUNTRY). 200817 Structure of your Concept Plan Table of Contents 1. Introduction 2. Digital Communication Platforms 3. Aim / Objectives of the plan 4. Target Audience 5. Leveraging the Platforms 6. Content Management 7. Timings 8. Conclusion 9. Appendix 10. References.
We provide totally customized solution as per need of the students.
200825 Understanding Contemporary Organisations
2.4.3 Case Study Weight: 30% Type of Collaboration: Group Due: 11.59pm Fri 23rd Nov, end of Week 10 Submission: Turnitin Format: Length: 2,000 words Curriculum Mode: Report Overview The group research report is intended as a vehicle for students to demonstrate their capacity to integrate and utilise the learning of the unit to better appreciate and understand the functioning of a contemporary organisation. DetailsThe group research report is designed to assist students to utilise and synthesise their learning in the unit so as to meet all of the unit learning outcomes: 1. Describe contemporary organisational structures. 2. Explain contemporary people management practices. 3. Outline marketing practices. 4. Explain financial practices. 5. Develop an integrated analysis of a contemporary organisation. Form a group of 3 – Select an organisation to research – Analyse your selected organisation in terms of its: a. design and/or structure, b. people management, c. marketing and d. financial practices – Synthesise your analysis to demonstrate how your case organisation reflects their integration - how each interacts and what their impacts are on each other – Present your group findings in a written report (2,000 words). Submission requirements – Due: Week 10. – The group is expected to figure out how best to work together. – It is the responsibility of group members to decide on roles, meeting schedules and all activities necessary to developing the report. – Each student’s contribution to this assessment task will be peer moderated (see marking criteria and standards rubric). The peer moderation is to be emailed to the teaching academic before submission deadline. The system for peer moderation will be explained in the preceding weeks. – Assessments must be submitted online before midnight Fri 23rd Nov, end of Week 10. – A penalty of 10% per day shall apply to late submissions. – The document only (without coversheet) should be uploaded into Turnitin only once and before submission is due. – Make sure that all group members’ names are documented on the cover sheet and the assessment document. Any names missing will receive zero marks for this assessment. – Please note that only one (1) group member is to upload the submission to Turnitin.