AYB227 :International Accounting Exercise Independent Judgement and Initiative in Adapting - Accounting Assignment Help

Assignment Task:

Task:

This assessment item assesses the following learning outcomes:
Higher Order Thinking (HO)
HO 2.2 Exercise independent judgement and initiative in adapting and applying knowledge and skills for effective planning, problem solving and decision making in diverse contexts.
Social, Ethical and Global Understanding (SE)
SE 5.1 Demonstrate and apply knowledge of ethical and legal principles and practices in analysing and responding to business issues
SE 5.2 Demonstrate and apply knowledge of socially responsible behaviour in analysing and addressing business issues in national and international business contexts.

Background:
As business and financial markets have become increasingly globalised, the significance of the differences in the international financial accounting policies, and disclosure and reporting practices of global corporations, has become more important, especially from the perspective of management, financial analysts, shareholders, pension/superannuation funds and other users of financial statements. For these key interest groups, it is vital not only to be aware of international differences in financial accounting policies and practices, but also to be able to assess their impact on earnings/profits and assets and key performance indicators and ratios, for example, return on assets. Additional key issues in globalised business operations relate to an understanding and appreciation of cultural diversity issues and the global trends in international taxation, international foreign currency transactions and hedging, and international audit.
 

Purpose:
Completion of this cross-cultural and cross-discipline project is of critical importance to your understanding of the key issues that global corporations and their stakeholders experience on a daily basis. The knowledge required to successfully complete your major project is also of critical importance to your final exam preparation. As highlighted in the weekly submissions’ assessment task, by completing the weekly tutorial work, with appropriate references to the relevant mandatory readings, you are consistently working towards the completion of both your project and the required project reference list.
 

Availability of Major Project Task:
The Major Project task details are set out on pp. 4–12 of this document. The content needed to complete this project is directly related to the weekly lecture material reviewed and analysed in the weekly tutorial submissions and presentations. Note also that detailed solutions are provided each week under the Assessment heading to assist you.
 

Summary of Task Requirements:

Your task is to, firstly, select three nations, ONE nation from each of the three different cultural groups listed above. NOTE: in selecting each of your three nations, you MUST use and reference the 2021 AT Kearney Confidence Index Report which sets out the nations that are the most highly sought after by investors. This report also provides the key factors as to why these nations receive high levels of foreign direct investment (FDI). The relevant extracts from this Report are also provided in the final pages of these task requirements. This Report will be discussed in lectures in Weeks Five, Six and Seven, and in the Week Eight, two-hour, Q & A support session, tutorials and presentations.
Second, you then must select ONE of the three industries identified by your clients which you feel meets their investment objectives from your research of the strengths and weaknesses of your chosen industry within each of the three nations selected.
Third, you must respond to the specific questions from the SSS Trustees as set out below. Note, while you are NOT expected to produce a formal report for the Trustees, you need to remember that you are ‘speaking’ directly to the Trustrees in each of your responses, therefore, these responses must be written in a business/formal format rather than in an essay style.
 

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