FR A1 QCF Sept 2013 BAV Revised

7/27/2019 FR A1 QCF Sept 2013 BAV Revised

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BANKING ACADEMY OF VIETNAMBTEC HND IN BUSINESS (ACCOUNTING)

ASSIGNMENT COVER SHEET

NAME OF STUDENT

REGISTRATION NO.

UNIT TITLE Unit 10: Financial Accounting and Reporting

ASSIGNMENT TITLE Financial Statements Regulatory Framework & Interpretation

ASSIGNMENT NO 1 of 2 (Group assignment)

NAME OF ASSESSOR

SUBMISSION DEADLINE

We __________________________ hereby confirm that this assignment is our own work and notcopied or plagiarized from any source. We have referenced the sources from which information isobtained by us for this assignment.

________________________________ _________________________

Signature Date

----------------------------------------------------------------------------------------------------------------

FOR OFFICIAL USE

Assignment Received By: Date:

FR A2 QCF Sept 2013 BAV 1


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Unit Outcomes

OutcomeEvidence for

thecriteria

Feedback Assessors decisionInternal

Verification

First Re-

Understandthe regulatoryframework for

financial

reporting

LO1

Describe thedifferent users

of financialstatements and

their needs

1.1

Explain thelegal andregulatory

influences onfinancial

statements

1.2

Assess theimplications for

users1.3

Explain howdifferent

laws/regulationsare dealt with byaccounting and

reportingstandards

1.4

Be able tointerpretfinancial

statements

LO4

Calculateaccounting

ratios to assessthe performanceand position of

a business

4.1

Prepare a reportincorporating

and interpretingaccounting

ratios, includingsuitable

comparisons

4.2

Merit grades awarded M1 M2 M3

Distinction grades awarded D1 D2 D3



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OutcomeEvidence for

thecriteria

Feedback Assessors decisionInternal

Verification

Assignment

( ) Well-structured; Reference is done properly / should be done (if any)

Overall, youve

Areas for improvement:

ASSESSOR SIGNATURE DATE / /

NAME:.........................................................................................

(Oral feedback was also provided)

STUDENT SIGNATURE DATE / /

NAME :..............................................................................

FOR INTERNAL USE ONLYVERIFIED YES NO

DATE : ..........................................................................

VERIFIED BY : ...........................................................................

NAME : ...........................................................................



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SCENARIO

You are working in a financial consultancy firm as a client service manager providing

advice and assistance to clients on financial accounting and general business

issues. You have been asked by Director of Finance in your company to prepare an

analytical review of the financial position and reporting of a well-known companyStarbucks

You are required to download the most recent published financial statements of

Starbucks as of December 31, 2012 and other information available, either in the

public domain or from within the company. You will have to obtain a copy of those

published statements; this process is itself a significant exercise in investigating

sources of financial information.

English language version Annual Report and Financial Statement

http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-

reportsannual

http://www.marketwatch.com/investing/stock/sbux/profile

Since first 1971, Starbucks has felt a responsibility to make a positive impact one

person, one cup and one neighborhood at a time. As Starbucks has grown to now

more than 18,000 stores in over 60 countries, Starbucks expanded its long-termrelationship with Maxim's Group to now operate Starbucks stores in Vietnam, with

the first store in Ho Chi Minh City in early February 2013. Starbucks recognizes that

commitment to corporate citizenship is also a business imperative. Starbucks can

use scale for good, and catalyze change across entire industries so that Starbucks

and everyone it touches can endure and thrive.

On a global level, Starbucks is trying to be innovative in how Starbucks think about

communities. Starbucks go beyond the impact of a single company, to energize andactivate its employees who is called partners along with Starbucks customers,

suppliers and nonprofit partners. Starbucks annual Global Month of Service is a

great example, with more than 230,000 hours of service and 2,100 projects

completed in April 2012, and with plans to expand in new directions in 2013.

Starbucks demonstrated the power that happens when its partners and a community

come together. Starbucks opened in Vietnam to take hold of its own destiny.

Starbucks is known as a global change ultimately resides in the power of each

individual.

http://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsannualhttp://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsannualhttp://www.marketwatch.com/investing/stock/sbux/profilehttp://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsannualhttp://investor.starbucks.com/phoenix.zhtml?c=99518&p=irol-reportsannualhttp://www.marketwatch.com/investing/stock/sbux/profile


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Tasks

The report (for Director of Finance) should address at least the following:

Describe the different users (Stakeholders) of financial statements and their

needs (1.1)

Explain the legal and regulatory influences on financial statements preparation

like Companies Act etc. (1.2)

Assess the implications for users of financial statements (1.3)

Explain how different laws/regulations are dealt with by accounting and reporting

standards (1.4)

Calculate accounting ratios to assess the performance and position of Starbucks

(4.1)

Prepare a report incorporating and interpreting accounting ratios, including

suitable comparisons (4.2)

Notes:

a key point summary of conclusions / recommendations;

graphical illustration, where appropriate;

a bibliography of sources of information used and references to texts or other

material drawn from.

Detailed tables, extracts or copies of financial information, which should include a

copy of the relevant financial statements, should be put in the appendices. You

should refer to them in the body of the report.



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GRADING

Pass is achieved by meeting all the requirements defined in the assessment

criteria. (Refer page 2 of the assignment brief)

Merit Identify and apply strategies to find appropriate solutions (M1)Characteristics / Possible Evidence an effective approach to study

and researched to explain various regulatory framework and legislation

implications on financial statements preparation.

Select and apply appropriate techniques (M2)

Characteristics / Possible Evidence Apply range of methods and

select suitable techniques such as ratio analysis and comparisons to

interpret financial statements of Starbucks.

Present and communicate appropriate findings (M3)

Characteristics / Possible Evidence The work is presented in a

professionally-written report with appropriate structure and approach

with the use of various methods of presentation.

Distinction

Take responsibility for managing and organising activities (D2)

Characteristics / Possible Evidence show an individual approach inpresenting and communicating work coherently using language in the

financial context.

Demonstrate convergent, lateral, and creative thinking (D3)

Characteristics / Possible Evidence show an in-depth analysis of the

company, Starbucks performance by convergent and lateral thinking

through the ratio analysis.



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PRESENTATION

1. The assignment should have a cover page that includes the assignment title,assignment number, course title, module title, Lecturer/tutor name andstudents name. Attach all the pages of assignment brief/cover sheet with yourreport and leave them blank for official use.

2. Ensure that authenticity declaration has been signed.

3. This is a group assignment.

4. Content sheet with a list of all headings and page numbers.

5. A fully typed up professionally presented report document. Use 12 point Arialor Times New Roman script.

6. Your assignment should be word-processed and should not exceed 3,000

words in length. A CD should be included with references andaccompanying notes.

7. Use the Harvard referencing system.

8. Exhibits/appendices are outside this limit.

9. The assignment should be not contain a bibliography but should contain alist of any references used in the assignment.

NOTES TO STUDENTS FOR SUBMISSION

Check carefully the submission date and the instructions given with the

assignment. Late assignments will not be accepted.

Ensure that you give yourself enough time to complete the assignment by the

due date.

Do not leave things such as printing to the last minute excuses of this nature

will not be accepted for failure to hand-in the work on time.

You must take responsibility for managing your own time effectively.

If you are unable to hand in your assignment on time and have valid reasons

such as illness, you may apply (in writing) for an extension.

Failure to achieve a PASS grade will results in a REFERRAL grade being

given.

Take great care that if you use other peoples work or ideas in your

assignment, you properly reference them in your text and any bibliography.

NOTE: If you are caught plagiarizing, the University policy and

procedures will apply.


FR A1 QCF Sept 2013 BAV Revised

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