Unit Learning Outcome (ULO)
ULO 1: Explain, evaluate and apply a range of advanced accounting theories and standards.
ULO 2: Identify, define and integrate to construct explanations that can inform solutions to relevant accounting issues.
ULO3: Reflect and critically examine personal actions and responsibilities for applying and learning theories and standards in accounting principles and practice.
ULO4: Work with others effectively and provide constructive feedback that is supportive and promotes improvement in understanding of advanced accounting principles and practice.
ULO5: Critically analyse and discuss concepts surrounding corporate ethical and social responsibilities within the global.
Wednesday, 27 February 2019 — Following extensive consultation, the Fourth Edition of the ASX Corporate Governance Council’s Corporate Governance Principles and Recommendations was released today, providing updated guidance for ASX-listed companies reporting on corporate governance, such as culture and ethics, workplace diversity and environmental risk.
Megan Motto, CEO, Governance Institute of Australia, said ‘……….disruptive events like the Banking Royal Commission, the Intergovernmental Panel on Climate Change’s 2018 Report, and the National Inquiry on Workplace Sexual Harassment have highlighted the difficulties companies have reporting on ‘non-financial’ achievements to shareholders, and the public at large, who are increasingly demanding accountability in these areas. ………… We feel it now has a good balance between addressing wider community expectations around corporate behaviour, and providing market-based certainty for investors.’
Discuss and analyse potential benefits and costs for ASX-listed companies to follow the updated reporting guideline on corporate governance. You need to apply relevant accounting theories in you discussion and analysis. Your arguments for task 1 have to be supported by relevant academic refereed articles (at least 6). You should provide evidence that you have carefully examined the literature, understand it, and have been able to summarise its essential content by integrating these articles into your own arguments and perspective.
Task 1 is to be completed as a Group assignment (maximum 3 people per group ,minimum 2 people).The number of words is 2,500 excluding the reference list, appendices and the cover page. The actual word count must be stated on the cover page of the assignment. A deduction of 1 mark from marks allocated to this task will apply if the number of words is under by more than 10% of 2,500 words or over by more than 20% of 2,500 words. Word limits allow the student to structure the assignment to allow for the preparation of an informative yet succinct report. This task will carry 80% of the total assignment marks.
All team members must complete Peer assessment forms and submit this document in the individual dropbox (NOT IN THE GROUP ASSIGNMENT DROPBOX) before the deadline of assignment submission. As a team member you will evaluate your other team members’ contribution to complete this assignment. The Peer assessment form can be accessed from CloudDeakin under the “Assessment 1’ resource folder. In a very rare case where a student completes Task 1 as an individual assignment, the student will automatically get zero for Task 2. In some cases where not all team members submit the Peer assessment form, the team member who has not submitted the assessment form will attract zero for this task. This task will carry 10% of the total assignment marks. Please note it is an individual task.
Write around 500 words reflecting on what you have learnt about yourself as a team member. Reflect on your strengths and your weaknesses as a member of your team. Also provide list of actions that you will take next time to improve your team work skill. All team members should submit separate documents in the individual dropbox (NOT IN THE GROUP ASSIGNMENT DROPBOX). Self-assessment forms can be accessed from CloudDeakin under the “Assessment 1’ resource folder. Copying your own self-management statement from other units or from the same unit at other trimesters is considered as plagiarisms. Such behaviour will automatically make the assignment be referred to the Faculty Academic Progress and Discipline Committee (FAPDC) at Deakin University. This task will carry 10% of the total assignment marks. Please note it is an individual task.