Ethics for Professional Accountants

Articles and documents as provided on VU collaborate.

APES 110 Code of Ethics for Professional Accountants, available at http://www.apesb.org.au/uploads/standards/apesb_standards/standard1.pdf

Required:

Download the reports and articles from VU collaborate and answer the following questions.

Question 1: Analyse the share price and profit (loss) for the Retail Food Group (RFG) for the last four (4) years and provide an explanation for the change.

Question 2: What strategies is the management of RFG putting in place to improve its performance? Do you think they will be effective? Why or why not?

Question 3: Why do you believe there has been commentary on the application of the going concern principle for RFG?

Question 4: Provide an analysis of the sources of revenue for RFG referring to the Interim Financial Report and notes to the accounts. Make reference to AASB 15 Revenue from Contracts with Customers.

Question 5: Provide an analysis of the financial effects of Intangibles for the RFG.

Question 6: Comment on whether you believe Positive Accounting Theory and in particular, the Agency problem is applicable in the context of franchisor/franchisee relationships

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