MA0083 Financial Accounting in Shipping: FACC Assignment CA1 2024-25, Singapore

Instructions

• Due Date: On or before Term 2 Week 1, Friday, 10 Jan 2025, 5 PM.
• Form a group of up to 5 students from your class.
• Submit Section A and B with student details on the provided Mark Sheet/Cover Page.
• Maintain the word count +/- 10%. (Word count excludes calculations, graphs, and tables.)
• Submit the softcopy via Brightspace and email to the lecturer in charge.

Section A: Research Theory

Title: Internal Control & Cash

Word Count: 1,000 words (excluding calculations and tables)

Weightage: 50%

Internal control ensures organizational effectiveness, efficient operations, and compliance with laws. Businesses face risks like embezzlement and fraud, making internal controls vital.

Requirements:

• Illustrate elements of internal control using case studies from textbook exercises.
• Discuss the application of internal controls to cash management.
• Review self-examination questions (Exercise 7-6d).
• Highlight the best video from the study tools section of Cengage that explains this topic.

Section B: Exploration Case Study

Title: ESG in Shaping Accounting Practices

Word Count: 1,000 words

Weightage: 50%

Explore how Environmental, Social, and Governance (ESG) factors influence accounting practices and corporate strategies.

Requirements:

• Define ESG and explain its three pillars: Environmental, Social, and Governance.
• Analyze the integration of ESG into accounting standards and financial reporting.
• Discuss emerging standards like the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB).
• Identify challenges and opportunities in ESG-based financial processes.
• Include a case study or academic source for reference.