ACCT90002: Semester 1, 2023
Assignment
• This assignment can be performed in groups (up to 4 members).
• Each team will need to decide details of their project such as what companies they
will be researching. Hint: Avoid banking and financial industries.
• The task is to analyze and compare fundamental value of firms selected. Teams
should also issue recommendations in the report.
• Teams are required to apply the financial statement analysis framework (i.e., four
steps and abnormal earnings/NOPAT model) in performing the analyses. Hint: You
should also consider to perform sensitivity analysis/robustness checks.
• Select an industry sector and a number of companies in that sector. The companies
must be listed on the same stock market (e.g., either on the Australian Stock
Exchange or an international stock exchange). Include most recent years in your
analysis.
• Three companies should be selected for the group assignment.
• It is important to undertake a comparative analysis.
• Apart from financial reports, other public information might also be used in the
analysis (e.g., new release, media coverage, industry reports by other analysts, etc.)
• AI software, such as ChatGPT, is not allowed to be used in any part of the
assignment.
Assignment Report
The assignment should be completed and submitted via the LMS Turnitin Portal by 5pm
Sunday 21 May 2023. Your file for submission should be named as Group+”group
number”, for example, “Group40.pdf”. More detailed information will be released in due
course regarding submission.
On the cover page of your report, you should clearly specify name, student number, and
email for each member in your team. The report is to be more than 2,000 words and less than
4,000 words (Note: groups can submit a shorter, but not longer, report; the word count
does not include any references, tables, or appendices). Font size should be at least 11 and
1.5-line spacing.
The assessment will be based on the depth of the research; the clarity of expression;
and the use of graphs/tables to illustrate findings.
Further, it is optional to also submit a supporting file to show the calculations. The file
should be named as, for example, “Group xx.xls”
It is worth 20% of the total marks. Each member receives the same mark.