- 1 HI6026 Audit, Assurance and Compliance TRIMESTER 3, 2017 INDIVIDUAL ASSIGNMENT 1 Assessment Value: 20% Instructions: This assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook. It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Subject Outline and Student Handbook. Answer all questions. Maximum marks available: 20 marks. Due date of submission: Week 6, Friday at 5.00 p.m. 2 Case Study on Double Ink Printers Ltd (DIPL) Background Information You are a senior manager with Stewart and Kathy and you have been approached to undertake the audit of Double Ink Printers Ltd (DIPL). 2017DIPL print books, magazines and advertising materials for the publishing, educational and advertising industries on a print-ondemand basis. Printing on demand means that publishers can print the exact quantities ordered by retail outlets, rather than estimating in advance how many books are required and often printing too few or too many. The average printing turnaround time for DIPL is two business days for small orders and five to ten business days for large orders. In addition, five years ago, DIPL further expanded its earnings base by having publisher’s titles available as searchable ‘e-books’ that could be downloaded directly by readers from DIPL’s website. Purchase and Inventory DIPL purchases 50% of its inventory requirements of paper, ink and binding materials from Australian sources and 50% from Asian countries. When inventory received at DIPL’s warehouse (whether it is purchased from Australia or Asia), the accounts payable clerk, Bill Jimmy, records the arrival of the inventory and also its value and quantity in the accounts payable system. Inventory is paid for the relevant currency of the country from which it is purchased. Raw materials have been valued at average cost and an allowance for inventory obsolescence has existed in previous years to cover the estimated decline in value from the effects of storage hazards. Work in progress is immaterial due to the quick turn- around time of printing jobs. Any work in progress is assessed at the cost of raw materials and labour and proportion of manufacturing overheads based on normal capacity. At year end, the warehouse is closed from 28 to 30 June for stocktake, so sales must be invoiced in the system by close of business on 27 June. The stock must have been sent to the customer (that is, it must either be on track, ship or plane on its way to the customer, or it must already have arrived at the customer; it must no longer be in DIPL’s warehouse). 3 ‘Print on Demand’ revenue and receivables Each time a publisher wants to add a book to DIPL’s ‘digital library’ (a server storing all of the publisher’s books in a digital format, ready to print), it emails the book to DIPL in PDF format. The digital library is backed up at the close of business every day, with the backup tapes kept off site. Once the book is stored in the digital library, the publishers can order copies to be printed as required. When the publishers confirm the order, the accounting system automatically retrieves details of the publisher’s credit record and stops any orders from publishers that have exceeded their credit terms and limits. A printout of the transactions history of the publishers is generated and must be signed by both Helena Keng, the head of publishing, and Jane Roger, the head of accounts at DIPL, before the order can continue, after the transaction history has been signed and dated, accounts receivable staff file it. If there are no credit problems with the order, it is processed and printed by casual staff in the relevant warehouse, who then load the books onto pallets for shipping. When printing is finished, the sales clerk, Brown Pall, prepares an invoice and dispatch docket and forwards them to the accounts receivable department. The accounts receivable clerk Gay Chan, checks the prices and arithmetic accuracy of the invoices and signs the invoice as evidence of her check. Gay records the sales both the accounts receivables subsidiary ledger and the general ledger and books are shipped to the publisher’s nominated destination (or the publisher will arrange pick up at the warehouse if has its own distributors). The client accepts liability for the goods when they are received in accordance with the purchase order, and signs the dispatch docket as proof of delivery. ‘E-book’ Revenue The proceeds from each e-book sale are paid to the publisher’s net of a 5% commission. Proceeds are sent to publishers automatically upon download (the commission is withheld by DIPL). Revenue from the commission is recognised when is withheld from payment to the publishers. DIPL also charge publishers an annual “storage fee” payable 12 months in advance, for keeping the e-book on DIPL’s website. Publishers are invoiced on the date the first download 4 of a title occurs. As new books are downloaded on an ongoing basis, the storage fee is invoiced at different times of the year. Revenue from storage fees has been recognised in the month the fees are invoiced, notwithstanding the fact that the fees are charged 12 months in advance. In September 2016, DIPL acquired Nuclear Publishing Ltd (NPL). The main rationale behind the lay in the value of the copyright NPL held over a large range of specialised medical textbooks. Although the potential print run for the textbook was not large, each textbook had a high profit margin and had been used in universities across the world for many years. DIPL acquired the business operation of NPL (not the shares), paying net assets (including the right to the copyright). However, in June 2017 an article was published in a medical journal about a new theory that could result in NPL’s medical textbooks becoming obsolete. If the new theory is valid, the textbooks are unlikely to be reprinted or used as textbooks at universities in the future, effectively making them unviable as e-books. Cash Receipts Some Payments from accounts receivables are received by cheque through the mail, and the cashier, Judy Bones, record these in an inwards remittance register when the mail is opened. She then banks the cheques and forwards the payment advices to Gay Chan for posting ton the accounts receivable ledger. Most payments, however, are received by electronic funds transfer (EFT). Each day, Judy downloaded the previous day’s receipts from online banking and provides a copy to Gary for posting. Judy then reconciles the total of the batch postings to accounts receivable to the amount banked for the day. The assistant accountant, Bobby Fong, prepares a bank reconciliation at the end of each month. Fixed Assets Since DIPL’s incorporation, depreciation on assets has been calculated using the straight-line method to allocate their cost over their estimated useful lives, as follows: Printing presses up to 20 years Other production equipment up to 15 years Other equipment up to 10 years 5 Finance During 2017, DIPL has entered into a 7.5 million loan from BDO Finance Ltd (BDO Finance). The loan has debt covenant’s requiring DIPL to maintain a current ratio of at least 1.5 and a debt to equity ratio of less than 1. Failure to maintain these key financial ratios under the specified benchmarks would result in BDO Finance having the right to recall the loan. Appointment of New CEO and internal Audit William Jackson was appointed the new chief executive officer (CEO) of DIPL in January 2017. William has extensive experience in the printing business. The previous CEO, Rebecca Styles, who is now semi- retired, will remain on the board as a non-executive director. A component of William’s remuneration package is a performance bonus based DIPL achieving an annual growth of 10% in total revenue and 10% in net profit after tax. Based on William’s recommendation, the board also established a new internal audit department headed up by Cody Baines, an ex-audit manager with a Big Four audit firm and two other recently qualified chartered accountants. Cody reports directly to the board. New IT System During 2017, DIPL decided to invest in a new IT system that would fully computerised and integrate all the current accounting processes across the organisation, including integration into the general ledger system. Under extreme pressure from the board, the IT department at DIPL managed to get the new accounting system installed in June, although IT manager, Andy Law, complained several times about how the installation was handled. Andy claimed that excess pressure had been placed on staff to get the system installed and that there was simply not enough staff to do the proper reconciliation’s and testing before the new system went live prior to year-end. Andy preliminary testing showed that some transactions conducted around year-end were not being allocated to the correct period. The problem appeared to be the interface between the new accounting system and one of the existing software systems. A software ‘patch’ had to be written to fix the problem. 6 Board year-end reporting discussions As a board meeting held in June 2017, issues relating to the forthcoming year end were discussed. William stated that he believed that the valuation of raw materials inventories at average cost was no longer appropriate as the current cost of paper was substantially above the average cost. Further, he argued that the allowance for obsolescence of inventory to cover the estimated decline in value from the effects of storage hazards was necessary, as such a loss was unlikely. William also stated that based on his experience in the printing industry he believed that DIPL’s printing presses had a potential maximum life of 30 years, although he noted that another leading entity in the printing industry adopted the policy of depreciating its printing presses over a 20-year period on a straight-line basis, similar to what DIPL had done in the past. After much discussion, the board resolved that the allowance for obsolescence of inventory be written back and that raw materials be valued based on a firstin, first-out (FIFO) basis. In addition, following a review of the e-book facilities by internal audit, Cody recommended that in a report to the board that DIPL change the method it used to account for its revenue from e-book publication to ensure compliance with the applicable accounting standard. The board agreed that the revenue from e-book would be recognised in accordance with the stage of completion of each transaction (i.e. percentage of completion method). 7 Double Ink Printers Ltd Statement of Financial Position Note 2015 2016 2017 (Unadjusted) Current Assets Cash 647250 517788 347120 Accounts Receivables 1 2482500 4320000 5073309 Inventories 2 2256188 2671362 4180500 Total 5385938 7509150 9600929 Non-Current Assets Property, Plant and Equipment 3 7544062 8394750 15572062 Intangible Assets ——- ——- 975000 7544062 8394750 16547062 Total Assets 12930000 15903900 26147991 Current Liabilities Accounts Payable 1950000 3035250 3525000 Deferred revenue —- —- 697500 Interest-bearing liabilities 937500 862500 787500 Provisions 810000 1125000 1267500 Accruals 82500 97500 120000 Total 3780000 5120250 6397500 8 Non-current Liabilities Interest-bearing liabilities —- —- 7500000 Total Liabilities 3780000 5120250 13897500 Net Assets 9150000 10783650 12250491 Equity Shareholders Fund 2250000 2250000 2250000 Retained Profits 6900000 8533650 10000491 Total Equity 9150000 10783650 12250491 Double Ink Printers Ltd Income Statement 2015 2016 2017 Revenues Revenue from Operations 34212000 37699500 43459500 Cost of Sales 28207500 31620000 36855000 Gross Profit 6004500 6079500 6604500 Allowance for inventory obsolescence written back ——- ——- 155588 Commission Income 108000 123000 130500 E-book storage fees 667500 1027500 1417500 Income from operating activities 6780000 7230000 8308088 Expenses Advertising 83725 115923 125778 Audit Fees 112500 127500 135000 Bad Debt 150000 195000 210000 Depreciation 249375 274312 472688 Discounts allowed 195000 285000 335500 9 Legal Fees 74000 111500 137000 Foreign Exchange loss 38500 49750 —- Rates 98500 106000 113500 Repairs and maintenance 224000 276500 306500 Salaries 1965000 2190000 2445000 Telecommunication costs 134750 141478 159785 Total expenses 3325350 3872963 4440751 Net income before interest and tax 3454650 3357037 3867337 Interest expense 84379 83663 808038 Profit before tax 3370271 3273374 3059299 Income tax 1011081 982012 87116 Profit after tax 2359190 2291362 2972183 Notes to the Financial Report 2015 2016 2017 (Unadjusted) Account Receivable 2647500 453000 5313309 1 Allowance for doubtful debts -165000 -210000 -240000 2482500 243000 5073309 Inventory 2362500 2797238 4180500 2 Allowance for obsolescence -106312 -125876 —— 2256188 2671362 4180500 3 Property, Plant & Equipment Land 2775000 3375000 3375000 Plant and Equipment 5250000 5775000 13425000 Accumulated Depreciation -480938 -755250 -1227938 7544062 8394750 15572062 10 Required: Question 1: As part of your planning process, you are considering whether you will need to use the services of an expert in the audit of Double Ink Printers Ltd (DIPL). Required: Based on the background information contained in the case, explain whether it will be necessary to use the work of an expert in the audit of DIPL. (5 marks). Question 2: You are at the planning stage of the audit of Double Ink Printers Ltd (DIPL) for the year ended 30 June 2017 and have been asked by the audit manager to assists determine the materiality levels. Required: (a) Referring to the background information contained in the case, identify five factors that would influence your determination of the preliminary figure for overall materiality for the 2017 audit of DIPL. (5 marks). (b) Explain why the factors identified in (a) above are relevant to your calculation of the preliminary figure for overall materiality. (5 marks). (c) Describe how the factors identified in (a) above will influence your preliminary figure for overall materiality in the audit planning process. (5 marks).
- Unit: ACC204 – Advanced Financial Accounting
Weighting: The assignment is worth 40% of the total unit weight.
Due Date: 8th December 2017
Instructions:
1. Students are required to cover all stated requirements.
2. Your answer must be both uploaded to Moodle in word file, no need to hand in a hard copy.
3. You need to support your answers with appropriate Harvard style references where necessary.
4. Only include information in your appendixes that has been directly referred to in the body of your document.
5. Include a title/cover page containing the subject title and code and the name, student id numbers.
6. Please save the document as ACC204_T1_B1_first name_Surename_Student Number
Eg: ACC204_T1_B1_John_Smith_20170000You are required to finish each of these questions, total 40 marks. Please give the solutions in detail, show calculations and submit the solutions to Moodle using a single file, it can be Excel format, Word format or PDF format, no requirement on word limits. If any reference was used, please refer to Harvard style. Question 1 (10 marks), Question 2 (10 Marks), Question 3 (10 Marks), Question 4 (10 Marks).
1. You have been appointed the accountant of a new organisation that is preparing its first set of financial statements. In determining the depreciation for the first year, what sorts of information would you need? Please include knowledge from this subject with references.
2. During the reporting period ending 30 June 2018, Midnight Boil Ltd constructed a nuclear power generator just outside of Melbourne. The cost of the power generator and associated technology amounted to $12 550 000. Other costs associated with the construction amounted to:
Costs incurred in obtaining access to the site $2 500 500
Power Permits 400 500
Engineers’ Fees 1 100 500
4 001 500
The plant was ready to start generating power on 1 July 2018, with actual generation starting on 1 October 2018. At the end of the power plant’s useful life, which is expected to be 10 years, Midnight Boil Ltd is required by the government to dismantle the plant, remove it, and return the site to its original condition. After consulting its own engineers and environmentalists, Midnight Boil Ltd estimates these costs to be:
Dismantling the plant $750 500
Environmental remediation costs 1 249 500
Replacement of flora and fauna 100 000
2 100 000
• Midnight Boil Ltd uses a discount rate of 10 per cent.
Required
Prepare the journal entries necessary to account for the power plant for the years ended 30 June 2018, 30 June 2019 and 30 June 2024. Ignore depreciation.
3. Sun City Limited commences construction of a multi-purpose water park on 1 July 2014 for Pretoria Limited. Sun City Limited signs a fixed-price contract for total revenues of $50 million. The project is expected to be completed by the end of 2017 and Pretoria Limited controls the asset throughout the period of construction. The expected cost as at the commencement of construction is $38 million. The estimated costs of a construction project might change throughout the project—in this example, they do change. The following data relates to the project (the financial years end on 30 June):
2015 ($m) 2016 ($m) 2017($m)
Costs for the year 10 18 12
Costs incurred to date 10 28 40
Estimated costs to complete 28 12 –
Progress billings during the year 12 20 18
Cash collected during the year 11 19 20
REQUIRED
(a) Using the above data, compute the gross profit to be recognised for each of the three years, assuming that the outcome of the contract can be reliably estimated.
(b) Prepare the journal entries for the 2015 financial year using the percentage-of-completion method.
(c) Prepare the journal entries for the 2015 financial year, assuming the stage of completion cannot be reliably assessed.
4. Mam Ltd acquired Bo Ltd on 1 July 2018 for cash of $7 000 000. At that date, Bo Ltd’s net identifiable assets had a fair value of $5 800 000. The fair value of the net identifiable assets of Bo Ltd are determined as follows: (in $000)
Customer List 50
Machinery 1450
Buildings 1500
Land 3000
6000
Less: Bank Loan 200
Net assets 5800
At the end of the reporting period of 30 June 2019, the management of Mam Ltd determines that the recoverable amount of the cash-generating unit, which is considered to be Bo Ltd, totals $6 200 000. The carrying amount of the net identifiable assets of Bo Ltd, which excludes goodwill, has not changed since acquisition and is $5 800 000.
REQUIRED
(a)Prepare the journal entry to account for any impairment of goodwill.
(b)Assume instead that at the end of the reporting period the management of Mam Ltd determines that the recoverable amount of the cash-generating unit, which is considered to be Mam Ltd, totals $4 800 000. Prepare the journal entry to account for the impairment.
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- Assessment 2 Parts A& B Brief
Program Bachelor of Business
Subject code PRN101A/PRL101
Subject name Understanding Public Relations
Assessment title Assessment 2 – Essay Part A and B
Group or individual assessment Individual
Length 2000 words
Learning outcomes addressed
a), c), d), e)
Submission date Week 8 – Part A Essay Draft
Week 12 – Part B Final Essay
Weighting Total 70%
Part A Essay Draft (30%)
Part B Final Essay (40%)
Assessment Brief:
Explain how digital and social media have changed the practice of public relations. Explore how corporate communications, media relations and crisis communication are influenced by new media technologies. Outline how social and digital media can be used for image, reputational purposes.
Discuss how new digital media helps to facilitate two-way communication and analyse how theories of public relations apply. Please refer to contemporary public relations theories to support your answer, using references to literature, current case study examples and academic research.
Note: There are two parts (Draft Essay and Final Essay) to this assessment task. Both parts must be completed in order to fulfill the requirements of this assessment:
Part A: Essay (Draft)
The essay draft must be submitted as a hard copy in class and on the learning portal by the end of Week 8 and should include:
An introduction
• Context of essay: Digital and social media and public relations
• Purpose of essay: Analyse the influence of digital media on PR
• Outline of essay: Define the key terms of your essay. Explain which PR theories you will discuss based on the academic discourse around social and digital media.
• An overview of your essay
• The essay statement
A main body:
Give an explanation of the impact of the new media on public relations. Discuss the impacts of the new media tactics on corporate communications, media relations and crisis communication. Analyse how digital media can engage audiences and achieve the goals of public relations strategy. Discuss how new media impacts on the image and reputation of organisations using academic references and provide examples using mini case studies. Explore which theories and principles of public relations (at least two) can be applied in the digital media context.
A Reference list:
At least seven (7) academic references (academic journal articles).
A Bibliography:
List additional resources (news articles, websites) used to complete the academic essay
Please submit the essay draft as a WORD document (NOT .pdf) via the assessments section of the learning portal by 11:55pm on the Sunday evening of WEEK 8 and a hard copy in class.
Part B: Final Essay
Based on the lecturer feedback on your draft complete writing the essay abiding by academic essay structure.
• ESSAY must be 2000 words (+/-) (NOT including Reference & Bibliography).
• Please note this is a formal piece of writing that presents a discussion of both theory and practice of PR
• Support your arguments with academic evidence and specific mini case-study type examples. The essay must contain at least seven (7) relevant academic references.
• Use proper in-text referencing
• Please refer to the ‘Academic Skills’ section of the learning portal for support on how to write an academic essay
• Please submit the final essay in WEEK 11 on the learning portal, with all feedback and changes incorporated.
See marking criteria on next page.
MARKING CRITERIA –Part A: Essay Draft
Excellent Above
Ave. Ave. Below Ave. Poor
Introduction
• Introduces and clearly defines key terms and purpose of essay 10-9
8-7 6-5 4-3 2-0
Structure of essay:
• Logical structure that leads to a conclusion
• Understanding of main ideas as indicated by discussion (principles and theories of public relations)
• Ability to relate how new media is in PR application fields.
• Analyses impact and outcomes
• Development of arguments/ claims supported by evidence
• Present a point of view in a clear and logical way supported by academic evidence 30-26 25-21 20-15 14-11 10-0
Conclusion
• Clear statement that summarises key arguments and answers the essay question 10-9 8-7 6-5 4-3 2-0
General
• Clear written expression; abides by accepted academic essay structure and presentation
• Layout and presentation 20-17 16-13 12-10 9-5 4-0
Academic presentation
• Evidence of critical reading as indicated by the reference to researched material
• Consistent in-text referencing
• Appropriate number (at least 7) and range of references to academically credible material
• Complete and accurate bibliography (in accordance with Think Class academic referencing) 30-26 25-21 20-15 14-11 10-0
Total 100
Marking Criteria: Essay – Part B: Final Essay
Essay general
Excellent
10-9
Good
8-7
Average 6-5
Not adequate
4-3
Poor
2-0
Evidence of critical reading and sufficient research
Comments: /10
Style
Excellent
20-17
Good
16-13
Average
12-10
Not adequate 9-5
Poor
4-0
Well organised and written, essay flows logically, good grammar and spelling. Follows academic essay structure.
Comments: /20
Referencing
Excellent
15-13
Good
12-9
Average 8-7.5
Not adequate 7-3
Poor
2-0
Use of quality, varied academic sources, referenced appropriately
Comments: /15
Content
Excellent
35-29
Good
28-22
Average
21-17.5
Not adequate 17-7
Poor
6-0
Essay question addressed through quality analysis and critical thought.
Comments: /35
Excellent
20-17
Good
16-13
Average
12-10
Not adequate 9-5
Poor
4-0
Specific and relevant examples used to support analysis
Comments: /100
PRN101A/PRL101
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- Assessment Details
Life Cycle Assessment of a chosen project (1 x report)
Type of Collaboration: Individual
Due: 10 December 2017 at 11:59 PM
Submission: Turnitin
Format: A report with explanation of all steps and screen shots of data entry and outputs. All screenshots and copies of working out in the software should be pasted onto the report and submitted as one copy. See further instructions below.
Length: 2,000 words Curriculum Mode: Report
Instructions:
Assignment No.2 (LIFE CYCLE ASSESSMENT)
Q1. Describe brief the procedure recommended by the ISO to conduct LCA.
Q2. Download the student version of GaBi life cycle assessment software and complete the following project.
Conduct the life cycle assessment for ceramic bowl and plastic bowl. Students are expected to finalise this part with screenshots.
Q3. You will be given few options to choose from for conducting life cycle assessment.
Your report should include estimated weight of each component, a well-defined functional unit, a balanced material flow diagram and impact analysis, hot spot identification, remedial measures, and feasibility of improvement options.
(Report structure will attract 5%)
Resources:
GaBi student version software has to be downloaded by the student to their computer.
http://ift.tt/2A0t0m1
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- Individual assignmentMarketing Management –T3.2017Assessment 1:Due date: Friday Week 5Weight: 20% of total marksLength: 1500 wordsThis length limit includes any text, figures, tables, in-text references, and appendices. This limit does not include the cover page, table of contents, or list of references (at the end of assignment).Submission: On due date submit to Blackboard on Final submission linkRequirement:There are two topics and students need to discuss both topics in 1500 words and on due date, Friday of Week 5 submit to Blackboard on Final submission linkTopic:<para>What brands and products do you feel successfully speak to you and effectively target your age group? Why? Which ones do not? What could they do better?
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- 1 HI6026 Audit, Assurance and Compliance TRIMESTER 3, 2017 INDIVIDUAL ASSIGNMENT 1 Assessment Value: 20% Instructions: This assignment is to be submitted in accordance with assessment policy stated in the Subject Outline and Student Handbook. It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. Incorporating another’s work or ideas into one’s own work without appropriate acknowledgement is an academic offence. Students should submit all assignments for plagiarism checking on Blackboard before final submission in the subject. For further details, please refer to the Subject Outline and Student Handbook. Answer all questions. Maximum marks available: 20 marks. Due date of submission: Week 6, Friday at 5.00 p.m. 2 Case Study on Double Ink Printers Ltd (DIPL) Background Information You are a senior manager with Stewart and Kathy and you have been approached to undertake the audit of Double Ink Printers Ltd (DIPL). 2017DIPL print books, magazines and advertising materials for the publishing, educational and advertising industries on a print-ondemand basis. Printing on demand means that publishers can print the exact quantities ordered by retail outlets, rather than estimating in advance how many books are required and often printing too few or too many. The average printing turnaround time for DIPL is two business days for small orders and five to ten business days for large orders. In addition, five years ago, DIPL further expanded its earnings base by having publisher’s titles available as searchable ‘e-books’ that could be downloaded directly by readers from DIPL’s website. Purchase and Inventory DIPL purchases 50% of its inventory requirements of paper, ink and binding materials from Australian sources and 50% from Asian countries. When inventory received at DIPL’s warehouse (whether it is purchased from Australia or Asia), the accounts payable clerk, Bill Jimmy, records the arrival of the inventory and also its value and quantity in the accounts payable system. Inventory is paid for the relevant currency of the country from which it is purchased. Raw materials have been valued at average cost and an allowance for inventory obsolescence has existed in previous years to cover the estimated decline in value from the effects of storage hazards. Work in progress is immaterial due to the quick turn- around time of printing jobs. Any work in progress is assessed at the cost of raw materials and labour and proportion of manufacturing overheads based on normal capacity. At year end, the warehouse is closed from 28 to 30 June for stocktake, so sales must be invoiced in the system by close of business on 27 June. The stock must have been sent to the customer (that is, it must either be on track, ship or plane on its way to the customer, or it must already have arrived at the customer; it must no longer be in DIPL’s warehouse). 3 ‘Print on Demand’ revenue and receivables Each time a publisher wants to add a book to DIPL’s ‘digital library’ (a server storing all of the publisher’s books in a digital format, ready to print), it emails the book to DIPL in PDF format. The digital library is backed up at the close of business every day, with the backup tapes kept off site. Once the book is stored in the digital library, the publishers can order copies to be printed as required. When the publishers confirm the order, the accounting system automatically retrieves details of the publisher’s credit record and stops any orders from publishers that have exceeded their credit terms and limits. A printout of the transactions history of the publishers is generated and must be signed by both Helena Keng, the head of publishing, and Jane Roger, the head of accounts at DIPL, before the order can continue, after the transaction history has been signed and dated, accounts receivable staff file it. If there are no credit problems with the order, it is processed and printed by casual staff in the relevant warehouse, who then load the books onto pallets for shipping. When printing is finished, the sales clerk, Brown Pall, prepares an invoice and dispatch docket and forwards them to the accounts receivable department. The accounts receivable clerk Gay Chan, checks the prices and arithmetic accuracy of the invoices and signs the invoice as evidence of her check. Gay records the sales both the accounts receivables subsidiary ledger and the general ledger and books are shipped to the publisher’s nominated destination (or the publisher will arrange pick up at the warehouse if has its own distributors). The client accepts liability for the goods when they are received in accordance with the purchase order, and signs the dispatch docket as proof of delivery. ‘E-book’ Revenue The proceeds from each e-book sale are paid to the publisher’s net of a 5% commission. Proceeds are sent to publishers automatically upon download (the commission is withheld by DIPL). Revenue from the commission is recognised when is withheld from payment to the publishers. DIPL also charge publishers an annual “storage fee” payable 12 months in advance, for keeping the e-book on DIPL’s website. Publishers are invoiced on the date the first download 4 of a title occurs. As new books are downloaded on an ongoing basis, the storage fee is invoiced at different times of the year. Revenue from storage fees has been recognised in the month the fees are invoiced, notwithstanding the fact that the fees are charged 12 months in advance. In September 2016, DIPL acquired Nuclear Publishing Ltd (NPL). The main rationale behind the lay in the value of the copyright NPL held over a large range of specialised medical textbooks. Although the potential print run for the textbook was not large, each textbook had a high profit margin and had been used in universities across the world for many years. DIPL acquired the business operation of NPL (not the shares), paying net assets (including the right to the copyright). However, in June 2017 an article was published in a medical journal about a new theory that could result in NPL’s medical textbooks becoming obsolete. If the new theory is valid, the textbooks are unlikely to be reprinted or used as textbooks at universities in the future, effectively making them unviable as e-books. Cash Receipts Some Payments from accounts receivables are received by cheque through the mail, and the cashier, Judy Bones, record these in an inwards remittance register when the mail is opened. She then banks the cheques and forwards the payment advices to Gay Chan for posting ton the accounts receivable ledger. Most payments, however, are received by electronic funds transfer (EFT). Each day, Judy downloaded the previous day’s receipts from online banking and provides a copy to Gary for posting. Judy then reconciles the total of the batch postings to accounts receivable to the amount banked for the day. The assistant accountant, Bobby Fong, prepares a bank reconciliation at the end of each month. Fixed Assets Since DIPL’s incorporation, depreciation on assets has been calculated using the straight-line method to allocate their cost over their estimated useful lives, as follows: Printing presses up to 20 years Other production equipment up to 15 years Other equipment up to 10 years 5 Finance During 2017, DIPL has entered into a 7.5 million loan from BDO Finance Ltd (BDO Finance). The loan has debt covenant’s requiring DIPL to maintain a current ratio of at least 1.5 and a debt to equity ratio of less than 1. Failure to maintain these key financial ratios under the specified benchmarks would result in BDO Finance having the right to recall the loan. Appointment of New CEO and internal Audit William Jackson was appointed the new chief executive officer (CEO) of DIPL in January 2017. William has extensive experience in the printing business. The previous CEO, Rebecca Styles, who is now semi- retired, will remain on the board as a non-executive director. A component of William’s remuneration package is a performance bonus based DIPL achieving an annual growth of 10% in total revenue and 10% in net profit after tax. Based on William’s recommendation, the board also established a new internal audit department headed up by Cody Baines, an ex-audit manager with a Big Four audit firm and two other recently qualified chartered accountants. Cody reports directly to the board. New IT System During 2017, DIPL decided to invest in a new IT system that would fully computerised and integrate all the current accounting processes across the organisation, including integration into the general ledger system. Under extreme pressure from the board, the IT department at DIPL managed to get the new accounting system installed in June, although IT manager, Andy Law, complained several times about how the installation was handled. Andy claimed that excess pressure had been placed on staff to get the system installed and that there was simply not enough staff to do the proper reconciliation’s and testing before the new system went live prior to year-end. Andy preliminary testing showed that some transactions conducted around year-end were not being allocated to the correct period. The problem appeared to be the interface between the new accounting system and one of the existing software systems. A software ‘patch’ had to be written to fix the problem. 6 Board year-end reporting discussions As a board meeting held in June 2017, issues relating to the forthcoming year end were discussed. William stated that he believed that the valuation of raw materials inventories at average cost was no longer appropriate as the current cost of paper was substantially above the average cost. Further, he argued that the allowance for obsolescence of inventory to cover the estimated decline in value from the effects of storage hazards was necessary, as such a loss was unlikely. William also stated that based on his experience in the printing industry he believed that DIPL’s printing presses had a potential maximum life of 30 years, although he noted that another leading entity in the printing industry adopted the policy of depreciating its printing presses over a 20-year period on a straight-line basis, similar to what DIPL had done in the past. After much discussion, the board resolved that the allowance for obsolescence of inventory be written back and that raw materials be valued based on a firstin, first-out (FIFO) basis. In addition, following a review of the e-book facilities by internal audit, Cody recommended that in a report to the board that DIPL change the method it used to account for its revenue from e-book publication to ensure compliance with the applicable accounting standard. The board agreed that the revenue from e-book would be recognised in accordance with the stage of completion of each transaction (i.e. percentage of completion method). 7 Double Ink Printers Ltd Statement of Financial Position Note 2015 2016 2017 (Unadjusted) Current Assets Cash 647250 517788 347120 Accounts Receivables 1 2482500 4320000 5073309 Inventories 2 2256188 2671362 4180500 Total 5385938 7509150 9600929 Non-Current Assets Property, Plant and Equipment 3 7544062 8394750 15572062 Intangible Assets ——- ——- 975000 7544062 8394750 16547062 Total Assets 12930000 15903900 26147991 Current Liabilities Accounts Payable 1950000 3035250 3525000 Deferred revenue —- —- 697500 Interest-bearing liabilities 937500 862500 787500 Provisions 810000 1125000 1267500 Accruals 82500 97500 120000 Total 3780000 5120250 6397500 8 Non-current Liabilities Interest-bearing liabilities —- —- 7500000 Total Liabilities 3780000 5120250 13897500 Net Assets 9150000 10783650 12250491 Equity Shareholders Fund 2250000 2250000 2250000 Retained Profits 6900000 8533650 10000491 Total Equity 9150000 10783650 12250491 Double Ink Printers Ltd Income Statement 2015 2016 2017 Revenues Revenue from Operations 34212000 37699500 43459500 Cost of Sales 28207500 31620000 36855000 Gross Profit 6004500 6079500 6604500 Allowance for inventory obsolescence written back ——- ——- 155588 Commission Income 108000 123000 130500 E-book storage fees 667500 1027500 1417500 Income from operating activities 6780000 7230000 8308088 Expenses Advertising 83725 115923 125778 Audit Fees 112500 127500 135000 Bad Debt 150000 195000 210000 Depreciation 249375 274312 472688 Discounts allowed 195000 285000 335500 9 Legal Fees 74000 111500 137000 Foreign Exchange loss 38500 49750 —- Rates 98500 106000 113500 Repairs and maintenance 224000 276500 306500 Salaries 1965000 2190000 2445000 Telecommunication costs 134750 141478 159785 Total expenses 3325350 3872963 4440751 Net income before interest and tax 3454650 3357037 3867337 Interest expense 84379 83663 808038 Profit before tax 3370271 3273374 3059299 Income tax 1011081 982012 87116 Profit after tax 2359190 2291362 2972183 Notes to the Financial Report 2015 2016 2017 (Unadjusted) Account Receivable 2647500 453000 5313309 1 Allowance for doubtful debts -165000 -210000 -240000 2482500 243000 5073309 Inventory 2362500 2797238 4180500 2 Allowance for obsolescence -106312 -125876 —— 2256188 2671362 4180500 3 Property, Plant & Equipment Land 2775000 3375000 3375000 Plant and Equipment 5250000 5775000 13425000 Accumulated Depreciation -480938 -755250 -1227938 7544062 8394750 15572062 10 Required: Question 1: As part of your planning process, you are considering whether you will need to use the services of an expert in the audit of Double Ink Printers Ltd (DIPL). Required: Based on the background information contained in the case, explain whether it will be necessary to use the work of an expert in the audit of DIPL. (5 marks). Question 2: You are at the planning stage of the audit of Double Ink Printers Ltd (DIPL) for the year ended 30 June 2017 and have been asked by the audit manager to assists determine the materiality levels. Required: (a) Referring to the background information contained in the case, identify five factors that would influence your determination of the preliminary figure for overall materiality for the 2017 audit of DIPL. (5 marks). (b) Explain why the factors identified in (a) above are relevant to your calculation of the preliminary figure for overall materiality. (5 marks). (c) Describe how the factors identified in (a) above will influence your preliminary figure for overall materiality in the audit planning process. (5 marks).
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2
Submission format: Soft copy of a Word.docx to be uploaded on Blackboard through ‘Assignments and due dates’ menu Important Please note:
ndividual Assignment Requirements
Assessment Criteria
Suggested word limit: 1000 words (±10%)
Component Weighting: 20%
Due Date: 5pm Friday Week 6
Submission format: Soft copy of a Word.docx to be uploaded on Blackboard through ‘Assignments and due dates’ menu
Important Please note:
1. Any assignments where plagiarism or collusion is detected will be awarded a mark of zero. You will need to contact your tutor if you wish to discuss this.
2. Failure to upload the correct document or format to the assessment link will result in late penalties being applied to documents which are later submitted for marking of that assignment.
3. SafeAssign takes at least 24 hours to return a report. If you wish to check your assignment prior to submission, please allow plenty of time to use the self-check before the final submission deadline arrives; SafeAssign not returning a self-check report WILL NOT be considered a valid reason for an extension.
Assessment Description
For weeks 3, 4 and 5, e-Learning materials have been uploaded to Blackboard (see ‘E-learning Activities’ menu for these weekly activities) for review and application.
Based on the online clips and the theories they cover, critically evaluate their relevance to the Higher Education industry over the past 30 years. To support your evaluation, for each clip provide specific examples of organisations in the HE Industry which have been successful in their application of these theories, and others who have not.
HI6006 Competitive Strategy – Trimester 3 2017 1
Recommended Structure
For each theory (300 words):
• Provide a brief description of the theory and its relevance to the HE Sector.
• Provide an example of where an organisation/institution has successfully adopted a strategy aligned to that particular clip and an example of where an organisation has not been successful, missed an opportunity or would have benefitted from taking a different approach.
• Your report requires an introduction and conclusion
Assessment Guidelines
Students should consult the marking rubric (see below) to see exactly what is required and how your assignment will be marked.
You should enrich this assignment with ideas from other materials such as journal articles. This additional research will be necessary to obtain the best marks.
All ideas in the report must be referenced using Harvard Referencing (intext citations and full references at the back).
HI6006 Competitive Strategy – Trimester 3 2017 2
Group Report
Fail Pass Credit Distinction High Distinction
Application of selected theory to industry sector and evidence of synthesis
(8 marks) No evidence of any synthesis between argument, theory and/or
examples
Limited evidence of synthesis between argument, theory and/or
examples
Some evidence of synthesis between argument, theory and/or examples within defined
context
Clear evidence of synthesis between argument, theory and/or examples within context. Contextual issues have been identified and discussed Clear evidence of synthesis between argument, theory and/or examples within context. Contextual issues have been identified, discussed and critically evaluated
Quality of argument / Use of theory with examples (6 marks)
No justification of opinions or position taken. Unsupported by
theory and/or examples.
Limited argument supported by seminal theory and/or
examples
Clear argument supported by relevant theories. Examples used to support
and explore argument
Clear, balanced argument supported by a broad range of relevant theories. Theories and examples
evaluated and selection justified
Clear, balanced evaluative argument supported by a broad range of relevant theories.
Theories and examples critically evaluated and selection justified
Quality and justification
of conclusions
(2 marks)
No conclusion or conclusion unsupported by argument
Safe and predictable conclusions that answer the question.
Some evidence of original thought and insight.
Good evidence of original thought and insight. Introduction of innovative models /theories Good evidence of original thought and insight.
Development and evaluation
of innovative models
/theories
Quantity and quality and presentation of references using Harvard Referencing throughout including in-text citations
(2 marks)
Only 0, 1 or 2 relevant references given.
Referencing is unclear. At least 3 relevant references. Referencing mostly clear but inconsistent. At least 5 relevant references given, mainly drawn from provided sources e.g lectures. Clear systematic referencing of all sources. throughout the report. At least 7 relevant
references including at least 5 from own research including page no’s for all articles Bibliography includes at least 10 relevant references from good sources i.e. journals rather than internet/social media. Very clearly presented.
Professional Report
Formatting, Structure and
approach (2 marks)
Poorly presented, no apparent structure and/or confused writing style Limited attempt at formatting, Well structured, clear writing style Page numbering, front cover, bibliography with some attempt at formatting. Well structured, focus explicit and clear, style appropriate Good attempt at report formatting incorporating all elements at credits level. Clear focus, structure and style used to emphasise discussion Excellent attempt at formatting report. Focus clear and justified, structure and style used to emphasise argument and discussion
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- ndividual assignment
Marketing Management – HI5004
T3.2017
Assessment 1: Individual assignment
Due date: Friday Week 5
Weight: 20% of total marks
Length: 1500 words
This length limit includes any text, figures, tables, in-text references, and appendices. This limit does not include the cover page, table of contents, or list of references (at the end of assignment).
Submission: On due date submit to Blackboard on Final submission link
Requirement:
There are two topics and students need to discuss both topics in 1500 words and on due date, Friday of Week 5 submit to Blackboard on Final submission link
Topics:
1. Consider the three key forces driving the new marketing realities. How are they likely to change in the future? What other major trends or forces might affect marketing?
2. What brands and products do you feel successfully speak to you and effectively target your age group? Why? Which ones do not? What could they do better?
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- ABC Chemicals is a medium-sized chemical distributor located at the rear of a large metropolitan shopping precinct. ABC Chemicals purchase large quantities of cleaning chemicals. These are delivered in 205 litre drums and include solvents, acids and other corrosives, and detergents. These products are decanted by ABC Chemicals’ workers into retail size containers (not exceeding 30 litres/ kilograms), re-labelled and shipped in company-badged delivery vehicles to retail outlets throughout the metropolitan area.
There is, within 25 metres of ABC Chemicals, a local nursing home that cares for elderly residents with age-related conditions including dementia. Across the road from the nursing home is a child care centre that provides day care for children under five years of age.
ABC Chemicals employs 50 people whose duties include the day-to-day running of the business and decanting of the chemicals into smaller containers. Small spills during the decanting procedures are cleaned up with rags, which are disposed of at the end of the day in the general waste dumpster in the rear yard of the premises. The dumpster is collected by a waste contractor on a weekly basis.
The ABC Chemicals building was constructed in 2000 and has been fitted with limited emergency equipment. None of the workers has received any training in safe handling of chemicals or how to cope with emergencies and there is no emergency plan displayed in the workplace.
ABC Chemicals is situated on a busy intersection and there have been several significant vehicle accidents in front of the premise.
All empty chemical drums are stored in the rear yard against the back cyclone fence. These drums are collected on a monthly basis and as many as 250 drums can be stored there awaiting collection.
Behind the cyclone fence is a large open, overgrown paddock with dry grass, which is owned by the local council. The council has advised ABC Chemicals that they wish to build a community centre on this site at some time in the near future.
Using your knowledge of the hazard and risk identification process, write a 2,000 word essay covering the following:
o the legislation and compliance requirements relevant to this situation—in particular those relating to Safety Data Sheets and inventories
o what hazards are inherent in this situation
o the risk assessment procedures that should be undertaken by the company (detail the procedures for assessing the likely levels for each risk)
o a description of the tools that could be used to assess the risks and risk causes
o a range of prioritised risk controls that could be put in place- ABC Chemicals is a medium-sized chemical distributor located at the rear of a large metropolitan shopping precinct. ABC Chemicals purchase large quantities of cleaning chemicals. These are delivered in 205 litre drums and include solvents, acids and other corrosives, and detergents. These products are decanted by ABC Chemicals’ workers into retail size containers (not exceeding 30 litres/ kilograms), re-labelled and shipped in company-badged delivery vehicles to retail outlets throughout the metropolitan area.
There is, within 25 metres of ABC Chemicals, a local nursing home that cares for elderly residents with age-related conditions including dementia. Across the road from the nursing home is a child care centre that provides day care for children under five years of age.ABC Chemicals employs 50 people whose duties include the day-to-day running of the business and decanting of the chemicals into smaller containers. Small spills during the decanting procedures are cleaned up with rags, which are disposed of at the end of the day in the general waste dumpster in the rear yard of the premises. The dumpster is collected by a waste contractor on a weekly basis.The ABC Chemicals building was constructed in 2000 and has been fitted with limited emergency equipment. None of the workers has received any training in safe handling of chemicals or how to cope with emergencies and there is no emergency plan displayed in the workplace.ABC Chemicals is situated on a busy intersection and there have been several significant vehicle accidents in front of the premise.All empty chemical drums are stored in the rear yard against the back cyclone fence. These drums are collected on a monthly basis and as many as 250 drums can be stored there awaiting collection.Behind the cyclone fence is a large open, overgrown paddock with dry grass, which is owned by the local council. The council has advised ABC Chemicals that they wish to build a community centre on this site at some time in the near future.Using your knowledge of the hazard and risk identification process, write a 2,000 word essay covering the following:- the legislation and compliance requirements relevant to this situation—in particular those relating to Safety Data Sheets and inventories
- what hazards are inherent in this situation
- the risk assessment procedures that should be undertaken by the company (detail the procedures for assessing the likely levels for each risk)
- a description of the tools that could be used to assess the risks and risk causes
- a range of prioritised risk controls that could be put in place
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- Organisational Behaviour – UUMG5200
Assignment – 1
Semester 3 – 2017
You are expected to submit professionally presented word-processed assessment documents.
This includes:
• A title page showing: ID number/s, name/s, lecturers’ name/s, and assessment title.
• Correct spelling and appropriate use of grammar.
• Pages numbered including a contents page.
• Stapled or bound (no paper clips/plastic folders or plastic sleeves).
• Questions correctly labelled and numbered with clear and consistent headings
• Line spacing no less than 1.5 and no greater than double. Main text using 12pt font size.
• A complete reference list should be included at the back of the assessment using Harvard style of referencing with in-text citation
Description : Report Writing
Objective : Applicable course objective:
– Critically examine approaches to the study of human behaviour in organisational contexts.
– Analyse the main Interdisciplinary Influences on Organizational Behavior.
– Evaluate approaches, challenges and methods in the study of organisational behaviour:
Applicable graduate qualities and skills gained from this assessment instrument:
– Problem Solving (Skill U2)
– Written Communication (Skill U4)
Word Limit : 2000- 2500
Plagiarism report : Maximum 20% similarityMarking Criteria
Tasks Criteria Marks allocated Marks scored
Task1 Case study Report
A Report Structure and Presentation
10
B Executive Summary
10C Introduction to Jacinda Arden
Introduction to Big 5 Personality Theory 5
5
D Discuss her personality according to the trait of the Big 5 Personality traits, Extraversion. 10
E Discuss her personality according to the trait of the Big 5 Personality traits, Agreeableness. 10
F Discuss her personality according to the trait of the Big 5 Personality traits, Openness. 10
G Discuss her personality according to the trait of the Big 5 Personality traits, Conscientiousness.
10H Discuss her personality according to the trait of the Big 5 Personality traits, Neuroticism. 10I Conclusion and Recommendation 10
J Referencing 10
Total 100
Student name: Student no
Component Mark Comment
Task 1
A. Report Structure and Presentation
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
B. Executive Summary
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
C. Introduction to Jacinda Arden
5 Excellent A perfect piece of work.
4 Very good A very good piece of work that meets all specified criteria.
3 Good Competently meets the criteria specified.
2 Average Adequately meets the criteria as specified.
1 Poor Did not sufficiently meet the criteria as specified.
0 Not Attempted No attempt made or irrelevant.
C. Introduction to Big 5 Personality Theory
5 Excellent A perfect piece of work.
4 Very good A very good piece of work that meets all specified criteria.
3 Good Competently meets the criteria specified.
2 Average Adequately meets the criteria as specified.
1 Poor Did not sufficiently meet the criteria as specified.
0 Not Attempted No attempt made or irrelevant.D. Discuss her personality according to the trait of the Big 5 Personality traits, Extraversion.
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
E. Discuss her personality according to the trait of the Big 5 Personality traits, Agreeableness.
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
F. Discuss her personality according to the trait of the Big 5 Personality traits, Openness
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
G. Discuss her personality according to the trait of the Big 5 Personality traits, Conscientiousness
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
H. Discuss her personality according to the trait of the Big 5 Personality traits, Neuroticism.
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
I. Conclusions and Recommendations
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
H. List of references
10 Excellent A perfect piece of work.
9 Very good A very good piece of work that meets all specified criteria.
7 Good Competently meets the criteria specified.
5 Average Adequately meets the criteria as specified.
3 Poor Did not sufficiently meet the criteria as specified.
1 Very poor Clearly does not meet criteria to pass.
0 Not Attempted No attempt made or irrelevant.
Total marks out of a possible 100 marks
Deduction for late submission of assignment (Yes/No)
Evidence of plagiarism or collusion (Yes/No)
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- ssessment item 2
Corporate objectives and approaches to
Value: 15%
Due date: 03-Dec-2017
Return date: 28-Dec-2017
Length’ 600 Quality words
Submission method options
Alternative submission method
Task
This assessment is designed to engage you in the subject and to begin to develop an understanding of central issues in marketing. It will also be the start of the discussion and comparison with your peers on topics of the marketing concept and market management, and starts the process of the marketing audit.
In 3 sections of 200 words each (or less), Incorporating the theoretical concepts into your discussion from first two chapters of the text, and with the use of secondary research, discuss the following concepts and apply to your selected organisation:
1. Identify the concept of corporate objectives and evaluate an organisation with information available in the public domain.
2. Discuss marketing orientation concepts (i.e. the marketing concept, the selling concept or production concept) Explain with examples which concept your organisation follows.
3. What is your organisation’s core marketing strategy? Discuss the strengths and weaknesses of the current marketing strategy and explain how this strategy will help your organisation reach its corporate objectives.
More information on how to complete this assessment will be provided on Interact 2
Online submission via Turnitin is required for this assignment. Details will be provided by your subject lecturer.
Rationale
This assessment assesses the following learning outcomes:
be able to assess and explain the nature of marketing and marketing management in contemporary organisations;
be able to find relevant and important information about organisations, their industries and marketplaces from secondary sources;
Marldng criteria
Criterion :The various skills to be assessed =ail Pass -Zredit Distinction High Distinction
Communication Skills This is about the presentation of the work including: Structure, Format, Grammar. including manes oor grammar, spelling, punctuation, concepts were not clear, no oaragraphs or ormaning- no images, ables or illustrations darks 0 Some grammatical errors, dinor grammatical errors, sentences were clear and complete, structure and format were used to aid the reader including diagrams, tables and manes, that were relevant o argument, but were still ’10t fully explained or described Marks 1.5 =ree of grammatical errors Structure and format were clear Sentences were well sonstructed. Language was concise. Excellent use of diagrams, images and tables Free of grammatical errors Structure and format were clear, logical and consistent.
Value 10% sentences were clear and that were both visually appealing as well as clearly relevant and explained Marks 2 Sentences were well constructed. Exceptional use of diagrams. images and tables, clearly relevant, explained and insightful links made
Grade range 0.2.5 complete clear structure and formatting using Marks 2.5
headings,
and sub headings, some ilustrations and diagrams, but riot explaned and only, decorative
Marks 1
Theoretical analysis skits This criterion is about defining, describing and evaluating the Concepts were not Concepts were defined, there was an anempt to provide descriptions with examples to explain, limited analysis Marks 2 Clear and relevant definitions and descriptions with examples, some attempt to develop analysis by comparing and contrasting of concepts :leer definitions, descriptions with examples and analysis of concepts with comparison, with clear evaluations and conclusions Marks 3.5 Clear definitions, descriptions with examples and analysis of concepts with highly insightful and perceptive comparisons, evaluations and conclusions Marks 4.5
Concepts that were found when researching the topic Value 40% Grade range 0-4.5 defined, described or evaluated, mainly listed without explanation Narks 0 Narks 2.5
Application dulls This criterion is about linking theory to a specific context, explaining how it relates to a product/company and making recommendations Value There was no or limited application to the case study, no examples provided no wornmendations Marks 0.2 Case study was Dose study was described and identified. The context was connected to theory with clear links. There were lase study described and dentified and insightful evaluations were made. The centext was connected to theory with clear, creative and logical links. There were Case study described and identified and insightful evaluations were made. The context was connected to theory with exceptional, logical and imaginative links. The market discussion were highly relevant, realistic and supported with explicit connections to theoretical arguments
40% Grade range for 0- 6 described and identified. The context was connected briefly to theory, but the •elevant market discussions Marks 4 relevant, well Mark 6
discussion was not well supported by arguments Marks 3 supported mar discussions
with explicit connections to
theoretical
arguments
Marks 5
Referencing Mils There was limited or no attempt at in text or end of text referencing Marks 0 There was an attempt to apply feterencing applied. iowever style/application rwas inconsistent with ‘some errors in ,ext/reference Gm dark 1.25 Both the in text and end reference list were consistent in terms of style and application of APA6. Marks 1.5 Both the in text and end Reference list were consistent n terms of style and application of APA6. Referencing apparent n all places where expected. Narks 2
This criterion was about the referencing, but style and
application of APA application were inconsistent and sane points remain unreferenced Marks 1
6th referencing
Value
10% Grade range 0-2
Presentation
Report format should be used for Assessment Two. However, you do not need to include an executive summary for the first assessment.
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