BAO2203- Corporate Accounting – Assignment; Accounting for franchisor/franchisee relationships



BAO2203- Corporate Accounting – Assignment Semester 2 2019

DUE DATE: Week 8 Seminar

Topic: Accounting for franchisor/franchisee relationships. The case of Retail Food Group (RFG).

Marks allocated (20%):
Due in Week 8

Articles and documents as provided on VU collaborate.


Download the reports and articles from VU collaborate and answer the following questions.

Question 1: Analyse the share price and profit (loss) for the Retail Food Group (RFG) for the last three (3) years and provide an explanation for the change.

Question 2: Provide an analysis of any impairment charges that have applied to RFG.

Question 3: Why do you believe there has been commentary on the application of the going concern principle for RFG?

Question 4: In one of the attached articles, RFG has made a public announcement regarding its debt covenants. What are debt covenants and why was there concern regarding these with reference to RFG?

Question 5: What strategies is the management of RFG putting in place to improve its performance? Do you think they will be effective? Why or why not?

Question 6: Can the franchisor/franchisee relationship cause the same agency problems as between the managers and shareholders of a publicly listed company? Explain.

Hint: Your group will better understand the broad issues surrounding this case study by reading widely in the relevant financial sections from newspapers. Also the following chapters from Loftus et al (2018) are also relevant in answering some of these questions however, do not copy sentences/paragraphs directly from Loftus et al. (2018).
Submission Instructions
Assignment submission
i) This is a group assignment to be submitted electronically by groups of three (3) students. It is YOUR responsibility to form groups, via self-allocation to a group on VU Collaborate. Remember, once a group is formed, it is up to you and your group members to maintain group discipline. All group members are equally responsible for the submission of the assignment. Assignments undertaken by an individual without prior permission will not be accepted for marking.
ii) Groups must assign a leader and keep all records of meetings and tasks assigned to group members. Students must meet physically or electronically at least three times before submitting the assignment. Meeting records must be attached at the end of your assignment. A suggested meeting log is attached.
iii) Submission of this assignment by the due date is compulsory for the successful completion of the subject. Late submission without the extension approval from your unit coordinator will be penalised at 2 marks (out of 20) per calendar day.
iv) The assignment must be submitted to Turnitin via a link on VU Collaborate. Only a single copy should be submitted by one team member or team leader.
v) The Turnitin/Dropbox Similarity Report should be no more than 30%.
vi) Each member of the team must complete, scan and submit the Assignment Cover Sheet along with the assignment.
vii) Completed extension application form must be submitted to your unit coordinator at least three days in advance of the due date.
viii) Students are responsible to protect their work and save data by making necessary backup. Loss of data due to a computer or storage devices problems will not be considered a legitimate reason for an extension.
ix) Students should keep a copy of their assignment until their result for the unit is finalised.
Referencing and style
a) The presentation should be clear, concise and accompanied by expository text accessible to the reader
b) The presentation of the entire assignment should be written in English of an appropriate academic register and a format and standard of presentation acceptable to business study
c) Assignment should be double spaced with left and right margins of 2.5 cm and top and bottom margins of 2.5cm. It must be typed in Microsoft Word using Times New Roman, 12 font size.
d) The assignment is required to use a Harvard referencing style (see VU library for Referencing Style guides
e) Assignment without proper referencing (in text and end of text) will be subject to substantial deduction of marks. This may result in the assignment being marked zero.
f) Where a group member is not cooperating or contributing to the group and the group has made all efforts to resolve the issue, the group must inform the lecturer and the unit coordinator immediately via email. Where a group does not report this matter immediately, it will not be entertained later on, especially before the due date of the assignment. The defaulting member will be given a warning and should the member continue to default, the group will continue without the defaulting member and the defaulting member will receive zero for the task.

Preventing plagiarism
3.1 Academic Honesty and Preventing Plagiarism Policy
Plagiarism is defined as ‘The practice that involves use of another person’s intellectual output and presenting it (without appropriate acknowledgement) as one’s own’.
Examples of plagiarism:
• Word-for-word copying of sentences/paragraphs in an assignment without acknowledgement or with insufficient or improper acknowledgement;
• Downloading essays or assignments from the web and presenting these for assessment;
• Presenting another student’s work or research data as the student’s work;
• Copying out parts of any text without acknowledging the source(s). This may be written text, structures within texts, diagrams, formulae, sound files, still photographs, audiovisual material (sound and image files), graphics/animations/multimedia objects, other computer-based material, mathematical proofs, art objects, products and others. This can be done as verbatim copying or paraphrasing.
• The use of someone else’s concepts, experimental results, experimental conclusions or conclusions drawn from analysing evidence or arguments without acknowledging the originator of the idea(s) or conclusion(s).
3.2 Students are responsible for:
• Understanding and respecting the University’s policies and procedures regarding plagiarism, collusion, and other forms of academic misconduct, and as such should only submit work for correction or academic credit that is their own or that properly acknowledges the ideas, interpretations, words or creative works of others;
• Avoiding the lending or making accessible original work to others;
• Being clear about the appropriate referencing rules that apply to their field of study;
• Refusing to be a party to another student’s efforts to undermine the academic integrity of the University.
• Seeking assistance with their learning and assessment tasks if they are unsure of appropriate forms of acknowledgement.

BAO 2203 Corporate Accounting

Assignment Marking Sheet

Student Name: ID Number

Question Assessment Criteria Possible Marks Marks received
1 Demonstrates the ability to collect data and conduct analysis
for the designated question and analyse share price & profit data.
2 Demonstrate the ability to understand the impact of RFGs intangibles on its financial statements (reference to AASB 138 Intangible Assets and AASB 136 Impairment of Assets)
3 Demonstrates the ability to evaluate the going concern principle from the perspective of senior management and RFG auditors. 5
4 Demonstrates an understanding of the going concern principle and its impact on the financial statements. 5
5 Demonstrate the ability to critically evaluate change management policies and strategies.
6 Demonstrates an understanding of the unique contractual relationship between the franchisor, the franchisee and shareholders to explain applicable accounting theories and practices. 10
English expression, structure, coherence, grammar, punctuation and spelling
Total possible marks out of 40

Weighted marks out of 20%

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