ACCT 3003 Contemporary Issues in Accounting
Task:
3.2 Assignment Case
Relevant news articles are hyper linked. Please click the ‘article’ which is in bold, blue and underlined to access the relevant news article. You need to incorporate the information presented in the news article when preparing the presentation to your client. Failure to utilise the information from the news article will lead to the deduction of marks.
Case Study 1
You are a junior accountant of a top-tier accounting firm, and a client has contacted your firm regarding the Government’s plan to introduce a new regulation for Australia’s financial system.
Mr Tony Stank is the CEO from client company, MARVEL Group, which is one of leading financial companies in the Australian banking industry. After he had read the article (click here for the article) regarding the introduction of regulation for the sustainable finance, he contacted your accounting firm seeking some advice on this matter.
Mr Stank would like to be made aware of relevant issues that could affect the ongoing management and the legitimacy of the company (MARVEL Group). In particular, he is questioning what impact he should anticipate with the introduction of more regulations and what that might mean for the preparation of the financial reports. Instead of mere explanation of diverse theoretical perspective of regulations, he would like to learn from your presentation that what practical impacts more regulation
would bring to his business and the preparation of financial reports and what interests some stakeholders such as public, the regulators and the investors might have in relation to the introduction of more regulation.
You have been asked by a senior partner to prepare a briefing presentation addressing the concerns of the client. You need to advise the client on 1) the multiple viewpoints such the public’s perspective, the investors’ perspective and the regulators’ perspective. Explain to the client 2) what issues AND impacts there are with the potential increase in regulation and 3) whether the introduction of more regulation might resolve the identified issues in the banking industry. You also need to support your
points with relevant examples. Also, you need to present a balanced and ethical viewpoint.
Required:
Your managing partner has requested for you to be sensitive to the needs of this client and present:
1. A professional 1000-word brief that can be taken away by the client and your accounting team in advance of the presentation (11 pm Sunday 12th September 2021); AND
2. An engaging and informative 10~12-minute briefing and presentation, which will be conducted in the enrolled workshop during Week 6, AND
3. A professional 500-word business letter to address the question asked by the audience. The audience of your presentation, either the client or senior manager of your firm, will ask a question on the presentation to each presenter individually. As a response, you must then prepare the letter by 11 pm on Sunday 3rd October 2021.
ACCT 3003 Contemporary Issues in Accounting
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Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.
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