Origin, AGL and Energy Australia's Profits Under Government Scrutiny - Accounting and Finance Assignment Help

AssignmentTask:

CASE STUDY 1
“Origin, AGL and Energy Australia's profits under government scrutiny” by Cara Waters which was published in the Sydney Morning Herald on 25/8/2017
In 2017, the profits of energy companies Origin, AGL and Energy Australia came under scrutiny due to increasing power prices, as explained in the article Origin, AGL and Energy Australia's profits under government scrutiny” by Cara Waters which was published in the Sydney Morning Herald on 25/8/2017. The article made the following specific observations: “Energy Minister Josh Frydenberg?has pointed the finger at the growing profits of electricity retailers including Origin and AGL as pressure continues over soaring power prices”, “About 12 per cent of your energy bill relates to retailers, that's the Origins, the AGLs the Energy," and "They in Victoria particularly have seen profit margins in the vicinity of 22 per cent. That is three times what you would see in a comparable retailer in the United Kingdom and more than double what you would see in other retail sectors like fuel or food or vehicles."
Refer to the Waters (2017) article and Deegan (2014), pages 308 to 314  and answer the following questions: 

1. Define the term “political costs” and explain how “political costs” may be imposed upon the energy companies referred to in the article as a result of their reported profits.
2. Explain the comments of the then Energy Minister Josh Frydenberg in the context of PAT.
3. How would PAT anticipate that the energy companies would respond to the comments of the then Energy Minister?
4. Why did the media article not refer to the accounting policies of the energy retailers when their profit margins were discussed

CASE STUDY 2

“Super funds ramp up pressure on companies to take action on climate” by Richard Gluyas which as published in the Australian on 11/3/2020
Refer to the article “Super funds ramp up pressure on companies to take action on climate” by Richard Gluyas which was published in the Australian on 11/3/2020 and answer the following questions:

1. Explain the role of the Australian Council of Superannuation Investors (ACSI) in requiring companies to undertake climate modelling as a process of coercive isomorphism.
2. Refer to the climate change section of the ACSI website.
3. Why is climate change a concern to the investment community?
4. Explain the comment “ACSI has been engaging companies on climate change risks and opportunities for over a decade” from the perspective of the managerial branch of stakeholder theory 
5. How has ACSI sought to influence how organisations manage climate change risk and how this can lead to the institutionalisation of climate change risk assessment practices by companies
6. Explain the Business Council of Australia’s  (BCA) development of a policy of a net zero emissions by 2050 as a process of normative isomorphism.
7. Refer to the energy and climate change section of the BCA website: https://www.bca.com.au/energy_and_climate_change 

a) Identify what the BCA believes should be the four key goals of an energy and climate change framework 
b) Explain the relationship between climate change policy and business investment 

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