MAA310 T1 2020 Assessment task 1 PDF

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Download MAA310 T1 2020 Assessment task 1 PDF

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MAA310 Accounting and society Trimester 1 2020

Assessment task 1 Report DUE DATE AND TIME: PERCENTAGE OF FINAL GRADE: HURDLE DETAILS:

Saturday 4 April 2020 by 8pm AEST (week 4) 20% Students must complete the professional literacy module, and achieve 40% of available marks on this assessment task and achieve total marks over 50% from all assessment tasks to successfully complete this unit.

Learning Outcome Details Unit Learning Outcome (ULO)

Graduate Learning Outcome (GLO)

ULO 2: Evaluate contemporary accounting and business issues incorporating global perspectives. ULO 4: Justify, analyse and communicate financial and nonfinancial information to assist managers’ ethical and responsible decision making and reporting.

1, 2, 4 and 8 1, 2 and 4

Assessment Feedback: Students who submit their work by the due date will receive their marks and feedback within 15 working days.

Word limit: 2,000 words maximum (excluding references and the executive summary). In-text citations, the introduction, body and conclusion of the report are included in the word count. Students who exceed 2,000 words will be penalised 1 mark (of the available 20 marks for this task) per 100 words over the word limit. The +10% rule for word limit is NOT applicable to this assessment.

Deakin's Bachelor of Commerce and MBA are internationally EPAS accredited. Deakin Business School is accredited by AACSB.

Description / Requirements Background: BlackRock is the world's largest asset management corporation. In January 2020, Larry Fink, the CEO and Chairman of BlackRock, issued an annual letter titled “A Fundamental Reshaping of Finance”1 to Chief Executives of companies in which BlackRock invests. In this letter, BlackRock announces several sustainability initiatives, recognises climate risk as investment risk, and urges companies to improve their financial disclosure to shareholders in relation to climate risks. As part of the initiatives, BlackRock begins to exit investments that present a high sustainability-related risk, such as thermal coal producers. The Institute for Energy Economics and Financial Analysis (IEEFA) commented that BlackRock’s initiatives might lead to review and likely divestment of Australian coal companies such as Whitehaven Coal and Yancoal. Required: Assume you are a business consultant, reporting to the board of directors of Yancoal Australia Limited, Australia's largest pure-coal producer. Yancoal is listed on the Australian Securities Exchange. You have been contracted to provide a report to Yancoal’s Board of Directors which: 1. Explains, taking an agency theory lens, why BlackRock revised its investing practices to consider climate risk as an investment risk. (Suggested words: 600) 2. Evaluates, taking an institutional theory lens, whether Yancoal will provide climate-changerelated risk disclosures. (Suggested words: 600) 3. Refers to Yancoal’s 2018 annual and sustainability reports for the year ended 31 December 2018,2,3 and a) evaluates whether Yancoal has provided any/adequate climate-change-related risk disclosures in these reports, and b) provides recommendations for preparation of, or improvement on, the climate-change-related risk disclosures for its 2019 reports for the year ended 31 December 2019 which will be released in April 2020. (Suggested words: 600) Hint: You may also refer to the relevant Task Force on Climate-related Financial Disclosures Framework and Yancoal’s competitors’ reports such as Whitehaven Coal’s 2019 annual or sustainability reports to contrast their climate-change-related risk disclosures. 1

The letter is available at https://www.blackrock.com/corporate/investor-relations/larry-fink-ceo-letter

2

Yancoal’s 2018 annual report is available at http://news.iguana2.com/yancoal/ASX/YAL/1146385

3

Yancoal’s 2018 sustainability report is available at https://www.yancoal.com.au/content/Document/2018Yancoal-ESG-Report.pdf

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Submission Instructions Submit your work online to the assignment Dropbox on CloudDeakin.      

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You must complete the professional literacy module to unlock the drop box for this Assessment task. You should include sub-headings in your report. An executive summary is required, in addition to the introduction. Students must submit a properly referenced assignment that complies with the Harvard referencing style. Your report is addressed to the Board of Directors, therefore it must be written in a professional tone. You must keep a backup copy of the assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy. Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism. When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment Dropbox folder after upload, and check for, and keep, the email receipt for the submission.

Extensions Extensions can be granted for unexpected circumstances such as serious illness or for compassionate reasons under special circumstances. Extensions can only be approved by the Unit Chair, Edwin Lim. Please email your request to [email protected] before the due date. You will be asked to provide evidence to support your request and a draft of the work completed to date. If your medical certificate is for one day, then you are likely to be only granted one day extension. For requests after the due date please submit your request to Special Consideration https://www.deakin.edu.au/students/studying/assessment-and-results/special-consideration Work or holidays or other assignments are NOT grounds for an extension – you are expected to manage these issues as part of your studies. You are strongly encouraged to start early and to continually backup your assignment as you progress. Computer crashes or corrupted files will NOT be accepted as valid reasons for an extension of any length.

Notes 

Penalties for late submission: The following marking penalties will apply if you submit an assessment task after the due date and time without an approved extension: 5% will be deducted from available marks, each day up to five days, and work that is submitted more than five days after the due date will not be marked. You will receive 0% for the task. 'Day' means calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date. Page 3 of 4

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Please consider carefully the impact of late submission on achievement of the hurdle requirement on this assignment. For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site. Building evidence of your experiences, skills and knowledge (Portfolio) - Building a portfolio that evidences your skills, knowledge and experience will provide you with a valuable tool to help you prepare for interviews and to showcase to potential employers. There are a number of tools that you can use to build a portfolio. You are provided with cloud space through OneDrive, or through the Portfolio tool in the Cloud Unit Site, but you can use any storage repository system that you like. Remember that a Portfolio is YOUR tool. You should be able to store your assessment work, reflections, achievements and artefacts in YOUR Portfolio. Once you have completed this assessment piece, add it to your personal Portfolio to use and showcase your learning later, when applying for jobs, or further studies. Curate your work by adding meaningful tags to your artefacts that describe what the artefact represents.

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