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ACCT20071 Foundations In Accounting

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  • Part 1: The Written submission ‘The performance frontier: innovating for a sustainable strategy’ an HBR article asserts that “In the absence of substantial innovation, the financial performance of firms declines as their environmental, social, and governance (ESG) performance improves. To simultaneously improve both kinds of performance, they need to invent new products, processes, and business models”. Use peer reviewed academic literature to comment on above assertion and use Rio Tinto’s 2015 and 2018 sustainability reports to conclude the above by critically evaluating its environmental, social disclosures (Max. 2,000 words including introduction, conclusion and references).

Hint: You cannot simply repeat the information given in above resources. You must conclude the link between financial, social and environmental performance, and innovation based on substantial extended personal research and self-directed learning. Please explain your perspective fully. You are required to use quality peer-reviewed research to support your arguments and conclusion. You can also use some reputed financial media such as Australian Financial Review, The conversation, The Age etc. or websites of the professional accounting bodies (do not use random websites or Wikipedia).   There is no need to use annual reports of the selected companies.  

Part 2- The presentation You are required to submit a video presentation of 5-6 minutes duration based on part 1 of this assignment. This is an opportunity to talk about the main points in your written assignment above and will assist you in enhancing your communication and presentation skills. Groups using voice over or narrated power point shall receive only minimum marks in presentation style and quality criterion. All the group members must participate in the presentation (It is not enough that one person is presenting and others are just standing in the background). We will not mark any content beyond 6 minutes. Any video exceeding 6 minutes shall not qualify for selection of “Perfect video” purposes. Sample videos are available on Moodle site.

The students who are willing to get their video considered for “perfect video” must provide a statement on the cover page that “We are happy to let the unit use our video for educational purposes in this term or coming terms and permit its use on the moodle if your video is selected for uploading. No separate permissions to upload video will be requested.

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