AF101 – Introduction to Accounting and Financial Management

Major Assignment- Semester 1, 2025

Weighting: This GROUP assignment is marked out of 70 marks and is worth
10% of your coursework assessment.

Due date: FRIDAY ,9th MAY,2025 11.00 pm (FJ TIME) ONLINE

SUBMISSION ONLY REQUIRED. ALL ASSIGNMENTS
UPLOADED AFTER THIS TIME WILL BE REGARDED AS
LATE ASSIGNMENTS.
Instructions:
1. Laucala campus students note this is a group assignment with 3-
5 individuals per group from within your respective tutorials.
Note ONE submission per group.

2. Students outside of Laucala campus can form groups of 3-4

students as well if you wish to, one submission per group.
Individual assignments also accepted for campuses with less
than five registered students. For group work, students are
encouraged to collaborate via online mediums., google drive

3. Please submit on all assignments on moodle assignment dropbox by

9th May, 2025, 11.00pm (FIJI TIME).

4. Your assignment MUST be word processed and not PDF.

Handwritten assignments will NOT be accepted.

5. Ensure that your names and student ID No. are stated clearly on
the cover page, which can be downloaded from Moodle. If group
only one submission per group with all members’ details to be
included.

6. A penalty of 10% will be deducted each day or part thereof that the
assignment is late. Check late assignment policy.

7. Use APA style of referencing. Ensure to use proper in text

referencing, footnotes and generate a proper bibliography.
Plagiarized/copied assignments will be awarded a ZERO (0) mark.

8. Font size of 12 should be used with single line spacing.

9. All assignments will have to be submitted into TURN-IT-IN on

moodle on the due date. Word document to be submitted1.

1
Please WORD document submissions only (PDF not accepted).

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COMPANY FINANCIAL STATEMENT ANALYSIS

The South Pacific Stock Exchange (SPX) is the only licensed securities exchange in Fiji and
currently lists 20 public companies which have published their 2023 Annual Reports.

Click link: https://www.spx.com.fj/Investing/Already-a-Shareholder/Listed-Entity-Financials

For this assignment, you will need to select ONE company (sign up on Moodle) that
has published its 2023 Annual Report and answer the following guiding questions
below in a report format.
Make sure to pick from the list of annual reports provided on Moodle signup. Any
company for the assignment chosen outside the five will not be graded.

1 Decision making & Role of Acctg

Refer to your chosen entity and: - Describe the main activities and operation of the entity; - List
any important Investment or Financial decisions made by the entity during the year; -
summarise what the Director are declaring in relation to an Accounting Assumption or to the
information in the financial statement.
Examine the Independent Auditor report for the year and - Identify the entity's audit firm; -
identify money received from the Company in relation to audit and non-audit work (if any); -
specify what the auditors state in relation to their independence.

2 Regulations & CFW

There would be a number of main users dependent on the annual reporting for decision making.
Identify two main users of the financial report and what types of decisions would they make
based on the information contained in the report?
Does your company use the historical cost system or some other method of valuing assets? Is
there any evidence that the company has revalued any of its assets in the past 12 months?
Explain?
3 Cash
How is 'cash' define in the financial statements?
Did the total cash held by the company increase or decrease over the period? By how much?
Is there any reference in the report to aspects of internal control used by the company? If it has,
identify. If not, provide two measures of internal control for the company.
Does the company have an internal audit department? If it has, what are the major functions of
such a department?
Cash is referred to as the 'lifeblood' of an entity for its importance, in reference to your chosen
entity and using the appropriate cash sufficiency ratio, assessing and discuss its ability to
generate sufficient operating cash flows in order to cover its main cash requirements.
4 Receivables/Inventories
Have the receivables (Trade and/or other-current) of the company increased or decreased over
the year? By how much? Is the figure at the end of the year gross or net receivable? What was
the balance of the allowance (provision) for doubtful debts (allowance for impairment of
receivables) on the same date?
Calculate the receivable turnover. Has the turnover changed over the 12-month period? Discuss

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 Compare current asset and current liabilities as showing in the statement of financial position
and comment on the short-term solvency of the company.

Is there any reference in the report to aspects of internal control used by the company? If it has,
identify. If not, provide two measures of internal control for the company.

Determine the accounting policies used by the company for the valuation of inventories. Briefly
outline the features of the system used.
5 PPE
What was the composition of the company's property, plant and equipment at the end of the
reporting period? How have these assets been valued?
What methods of depreciation have been used for the various categories of property, plant and
equipment?
Has the organization disclosed the rate of depreciation or the useful lives of these assets? If so,
provide evidence of such.
What was the amount of depreciation charged on these assets for the current and prior years?
Were any items of property, plant and equipment derecognized during the year? If so, how has
the entity disclosed any gains or losses made on de-recognition of such assets. Provide details of
any financial amounts involved?
Calculate the return on assets for your chosen entity as the product of the profit margin and
asset turnover ratio. Provide an explanation among the ratios in application to your ROA
calculated.
6 Liabilities
Research reveals that typical ratios in the industry for the current and quick ratios are 1.5:1 and
1.0:1 respectively. For financial stability ratios, industry averages are 2:1 for the capitalization
ratio and 60% for the debt ratio.
Calculate the appropriate liquidity and financial stability ratios for the years 2022 and 2021.
Comment on the liquidity and stability of the company.

7 Opinion
From your analysis above has any economic event; locally, regionally or globally, had any impact
on your chosen entity and what would be your advice to a prospective investor who is
interested in investing in the company?

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You must have seven sections in the assignment to follow the guided questions above.

Note: Your assignment will be submitted in Turn-it-in and similarity index should be less
than 20%. Those with a higher similarity index will warrant deduction of marks and zero
marks awarded to students who have copied past or present student assignments.

In preparing your RESEARCH REPORT please note the following instructions.

Note to Students:
1. You may use only up to TWO direct quotations in your essay.

2. Students may either paraphrase or quote from appropriate sources, please use proper
‘in-text’ referencing i.e. Author Date e.g. (Jones, 2009).

3. Bibliography must be generated using APA referencing style listing ALL your
reference sources.

4. Students need to pick out only 4 appropriate sources (e.g. book chapter, journal
article, official publication, etc.) that you will use in compiling this research report.

5. Check your assignment for possible plagiarism. Upload your draft assignment using
AF101 Major Assignment Dropbox – located under the assignment block of the
AF101 Moodle Page. Use the plagiarism report provided by TurnItIn to make
necessary changes to your assignment. The final version of your assignment must
have a Similarity Index of less than or equal to 20%. When checking your assignment
for plagiarism, you can exclude the following: quotes, bibliography and common
word matches of 100.

6. Your assignment will be graded based on attached marking rubric.

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 7. For Group work: students can meet online (using various technologies available)
and use google drive to share your assignment document amongst your group
members so each member can update assignment simultaneously.

Note: You may need to upload your assignment a number of times and check for the
Similarity Index. Once you receive the plagiarism report and have to make changes, delete
the previous assignment draft before uploading the modified version. Keep on uploading
and modifying before the due date until you are able to achieve an Index of less than or equal
to 20%. However, if students from the same group are uploading the same assignment it will
pick this up and increase the percentage.

ALL ASSIGNMENTS SUBMITTED MUST BE IN WORD FORMAT (NOT PDF

FORMAT)

Note: Do not click on the SEND FOR MARKING button unless you are sure that it is
your final version.

8. Note that marks will be deducted if your Similarity Index exceeds 20%. The
following table details the penalties if the Similarity Index value exceeds a certain
value/percentage.
Value of Similarity Index Deduction
0 to 20% No deduction
21 to 40% 15% of scored mark deducted from total
41 to 49% 30% of scored mark deducted from total
Above and including 50% Assignment will be returned unmarked
and student gets a grade of zero for the
assignment

9. The final soft copy of your assignment should be saved as: StudentID (for student in
group who will be uploading) and uploaded using the AF101 Major Assignment
Dropbox by the due date. Click on the SEND FOR MARKING button to ensure that
your final version is submitted. Ensure that only one of you will upload assignment
with noted file name. Ensure ALL members in group are included in your cover
page.

10. You have been given more than sufficient time to complete this assignment in your
respective groups; therefore, no late submissions will be accepted. Ensure that only
one of you will upload the assignment with noted file name before the due date and
time indicated.

NOTE: Should you need clarifications while doing this assignment, you may post your
query under the Major Assignment Help! Forum (in the Assignment block) located on
the AF101 moodle page. Students are advised to read through responses for postings
made by other students before posting their own to avoid repetition of queries.

~Best of Luck~
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 AF101 MARKING RUBRIC – SEMESTER 1, 2025
Facet of Research Element of Marking Highly Satisfactory Pass Satisfactory Pass Below Standard/Unsatisfactory
Complete, accurate, comprehensive Complete but not fully Incomplete or inaccurate
and insightful/innovative accurate, comprehensive
or insightful

A+ A B+ B C+ C D E
85-100% 78-84% 71-77% 64-70% 57-63% 50-56% 40-49% <40%
A. Embark and Clarify Introduction – identify Introduction clearly establishes the context Introduction establishes the Brief Introduction with limited context
company, outline background and background and presents relevant, context and background and and background, no objectives and no
(5 marks) context and clear summary of objectives and a clear summary of the presents a vague summary of summary of issues.
key objectives and issues issues. objectives and issues.
identified. Line of argument taken but No line of argument.
Line of argument taken clearly and some parts are vague.
effectively.
B. Find and generate References and citations – Cites appropriate concepts from relevant An attempt made to apply Found information is not documented
demonstrates that research has references, fully integrated into the text research to the assignment. correctly.
(10 marks) been conducted appropriately with a sound mix of direct and indirect The balance of direct and Errors exist with signal phrases, citations,
stating and citing relevant quotations. indirect quotations is uneven. and references.
academic articles. Quotations occasionally Found information is not introduced or
Quotations support arguments. replace student input. analysed adequately.
Citations are totally accurate. Citations show several errors. Bibliography is not satisfactory and
Bibliography complete and accurate Bibliography is satisfactory does not follow APA style.
following APA style. (following APA style) but
some documentation errors
exist.
C. Evaluate and reflect Data & Quality of analysis Data from 2020 Annual Report thoroughly Collects sufficient valid data Fails to collect valid data; presentation
- 10 marks analyzed following proper techniques & which is relevant but and interpretation of results areinaccurate
(20 marks) methods ; presentation and analysis of data presentation and interpretation and not presented clearly.
with interpretation is professional, thorough, of results need work.
engaging, and sophisticated.
Conclusion Conclusions and recommendations are One is relevant and adequate, Both are unclear and not connected to the
- 10 marks excellent (pertinent, realistic, evidence-based, but the other is not pertinent, report’s data.
and detailed) based on evaluated data. realistic, or detailed. Just repeats
the main points already
highlighted with no clear
direction.

5
D. Organise and Organise data in your report, Assignment is clearly structured according Assignment is structured but Assignment is not structured at all.
Manage to meet stated tabulated according to to relevant themes meeting objectives. some irrelevant themes not No tables provided for data analysed.
project objectives relevant themes meeting Data is clearly tabulated and organized. meeting objectives. No organisation of answers to answer
(10 marks) objectives. Data is somewhat tabulated the objectives of assignment.
but no clear organisation of
data.
E. Analyse and Development of the analysis Presents a strong, focused argument, well Presents an argument with The argument is not clear with more
synthesise the project to supported by impressive analysis and some analysis but also some summary and “telling the story” than
present the final report evidence. The points being made are clear description/summary. The analysis. The point of the essay
and convincing for the reader throughout. points being made can be becomes lost in places.
(15 marks) followed with some effort.

F. Students Sentences, grammar and style Sentences contain no errors and are diverse Sentences contain some errors Poor sentences that have been poorly
communicate the final - 2 marks and sophisticated. Style is concise and but don’t impede meaning. organised and weakens analysis.
report and ethically apply professional. The report has clearly been Style is generally concise and Numerous errors that impede meaning,
academic writing edited and proof read numerous times. professional, but some with no professional style.
conventions additional editing is warranted.
Numerous grammatical errors exist and
(10 marks) impede meaning.
Online Submission & Turn-it- Report is submitted on time. There is no Report is submitted on time. Report is submitted late. There is more
in percentage similarity percentage detected. There is 0-20% similarity than 40% similarity percentage
- 3 marks percentage detected. detected.

Marker Comments: TOTAL MARKS ALLOCATED OUT OF 70: