Using the 2016 annual report for the Medibank Australia , you are required to complete following requirements and write a report around 800 words.
1. Select two of accounting items in the annual report, such as account receivables, inventory, property, plant and equipment, intangible assets, account payable, long-term loans, etc. Find the note that discusses significant accounting polices about these accounting items. Things to be done (Select two accounting items and critically discuss the accounting policies for the selected items.)
2. Discuss the importance of these accounting items in annual reports and their impacts on company’s financial position and financial performance. Things to be done (Critically discuss the importance of selected items and evaluate the impacts of selected items on company’s financial position and financial performance with strong quantitative evidence.)
3. Evaluate any social impacts of these disclosed accounting items. Things to be done (Critically discuss the social impacts of the selected accounting items by using evidence collected from all resources (such as media reports, company’s announcements, etc.) and also apply discussions to the selected company.)
4. Assume you are the one of the stakeholders in the selected company, such as shareholders, potential investors, creditors, consumers, suppliers or regulators; write your reflections on the annual report of selected company. Things to be done (Reflection coveys extensive evidence of a personal response, as if as one of the stakeholders, to the usefulness/limitation of annual report of selected company. Students demonstrate that he/she has the ability to critically evaluate the impacts of annual reports and have made constructive and innovative suggestions on how annual reports need to be improved.)
The assessment must be in a report format, i.e., the content is split into several logical sections and sub-sections. These sections should include: introduction, main section of the report, conclusion and reference list.