Contemporary Issues in Accounting
Write about the below topics to construct a client-focused audiovisual briefing presentation and written briefing document. The intended audience for this information is the senior partnership team at the SA office of an upper middle tier accounting firm and the management team of one of their valuable clients. This is something you need to keep in mind when constructing your briefing presentation and your client brief document. This will affect the language you use (straightforward, professional, engaging) and the way you present the information. Remember, the audience will have accounting knowledge but would like you to apply your perspective to the research you uncover on the questions asked. Do not try to cover too much - the audience are very busy people and your allotted time is 10 minutes for an audio-visual submission* via Prezi (with voice over) or PPT (with voice over), and a maximum 1000 word briefing paper in professional style You may need to think about how you would like to be as professional as possible in your presentation and may wish to use props or tools to engage your client in any way that you deem appropriate for the briefing.
Topic -
You have been asked by a managing audit partner in the accounting firm where you work to brief her very valuable client who has some questions on regulation. The client is a very large Californian food producer company called "CaliFresh". CaliFresh are contemplating establishing broad-scale stand-alone growing and processing operations in South Australia. However, the CaliFresh accounting teamsare concerned about the accounting standards here and would like your expert advice including the following:
- why and how the convergence to IFRS is taking place in Australia and what this means for the US, assuming US GAAP does not converge, and
- An example of a particular IFRS application to demonstrate how IFRS might affect CaliFresh's operation decisions. Your managing partner would like you to answer these two questions using research and applying your judgement to these key issues.
You must present an engaging and informative 10 minute briefing to answer these questions and any other you deem relevant in the short time available, in addition to providing her with a short 1000 word brief that the managing audit partner can distribute to the client and the accounting team at your firm.
Text book: Deegan, C (compiled by Tingey-Holyoak J) 2015, Contemporary Issues in Accounting, custom edition, McGraw Hill, North Ryde (print or e-book).
Format/expectations
The presentation must be professional but you are encouraged to use creativity and we are excited to see you take that as far as you deem appropriate to convey your message. For the 10 minute presentation we suggest Prezi, iSPring (PPT). For the brief, formal reports is not required but please see general tips and guidance available on the course website. You should give some thought to how a briefing would look in business to a senior professional audience. You need to use formal language that is understandable and interesting.
- The guide for the written submission is 1000 words and it should not generally be longer than this. Penalties for assignments exceeding the maximum word limit will be imposed at 10% per 100 words or part thereof in excess of 1100 words. There is no minimum number of words, but 1000 words provides a guide as to the depth and or breadth of coverage you should be seeking to achieve however you may achieve this in less words - this is preferable to 'padding' with excess words that do not stay in scope of addressing the issue for the client. You also must reference all sources.
- The word count needs to be provided on a title page.
- Ensure that you comply with Harvard referencing conventions in preparing this assignment and that plagiarism is not an issue. You are expected to adhere to high standards of academic integrity and all assignments submitted in this course WILL be checked for plagiarism, using text comparison software and other methods.
- A high standard of presentation is expected. This is a capstone course in a professional qualification and it is expected that students are able to present a paper of professional quality.