3:437 • MySOLS
moodle.uowplatform.edu.au
as 4G •
Assessment return
Assessment submissions will be returned in your enrolled tutorial class in Week 13 of session.
Detailed information
This task is inspired by the article Chabrak, N. and Craig, R. (2013), “Student imaginings, cognitive dissonance and critical thinking”, Critical Perspectives on Accounting, Vol. 24, pp91-104. In this case study, students were asked to provide their responses to the collapse of Enron. You are advised to read this article to gain ideas for your own work (in particular see section 4 of the paper).
Your focus in this task win be on one of the entities that appeared before the recent Financial Services Royal Commission (2018) (https://financialservicesnoyalcormnission.gov.au/Pages/defaulhaspx).
Continued over page
ACCY305 Subject Outline
ABIWINII, 2019, Wollongong
Page 19 of 29
The Royal Commission (2018) Essentially, a number of entities were asked to provide information to, and appear before, the Royal Commission, detailing instances of misconduct or conduct falling below community standards and expectations that occurred in the past 10 years Imps://financialservices.royalcormnission.goviau/Submissions/Pages/Submissions-m-response-to-initial-requestasox ). It became apparent during the course of the Royal Commission that many of these entities had focussed on meeting the financial needs of shareholders and directors at the expense of other stakeholders, particularly customers, and often in conflict with community standards on good corporate behaviour.
In the executive summary to the interim report, Commissioner Hayne asks “Why did it [poor conduct] happen? Too often, the answer seems to be greed — the pursuit of short term profit at the expense of basic standards of honesty”. In many cases, the focus of these entities was on the sale and profitability of products and services, and not on meeting the genuine needs of their customers htms://financialservicesnovalcommission.gov.au/Documentsfinterim-enont/mtemn-remort-exec-summarv.pdf )
The interim report of Commissioner Hayne was submitted to the Governor General of Australia, Sir Peter Cosgrove, on 28 September 2018, with the final report due on 1 February 2019.
Required: You are required to choose an entity that was examined during the Royal Commission — this may be the one you chose in ACCY201 or a different one. You are required to read and analyse material relevant to the entity selected — including any submissions to the Royal Commission, background papers, commentary in Interim and fmal reports, as well as any other related material in the press or in academic articles.
The assignment aims to elicit your personal understanding of, and response to, the facts of the case, but more importantly, your understanding and evaluation of the ethical dimension of the case. It is really up to you to “design your own question” based on what interests you and within the context of ACCY305. You then need to reflect on what you have learned, and present your understanding of, and response to, the case in any form that you choose.
The assessment task comprises 2 parts:
Part A: Creative submission (with summary if necessary) OR Essay /Report
Based on your research, your values, your experience, your expectations, your education and your ethical position, you are required to present a submission which showmmijmNamfmjmimssm to, the case selected. To stimulate thought, you may consider the following questions: