Report on evaluates impacts of removing foreign ATM fees

Assignment Help Managerial Accounting
Reference no: EM131755679 , Length: word count:2000

Accounting and society Assessment task - Report

Learning Outcome -

  • Evaluate contemporary accounting and business issues incorporating global perspectives.
  • Justify, analyse and communicate financial and nonfinancial information to assist managers' ethical and responsible decision making and reporting.

Description / Requirements

Background:

In September 2017, the Commonwealth Bank of Australia (CBA) announced that it would abolish the fee charged to non-customers who withdraw cash from its Automated Teller Machines (ATM) (i.e. foreign ATM fees). The decision to remove foreign ATM fees was quickly adopted by Westpac, ANZ and NAB.

Required:

Assume you are a business consultant recently hired by the Board of Directors of CBA. The Board has asked you to prepare a business report which evaluates the impacts of removing foreign ATM fees on its business firstly, using arguments developed from an agency theory approach and secondly, using arguments from a legitimacy theory approach. The board has also asked you to use institutional theory to explain why the other major banks removed foreign ATM fees. Based on your arguments and explanations, conclude and reflect whether CBA made the correct decision in removing the foreign ATM fees.

Word limit: 2,000 words maximum (excluding table of content, references and the executive summary).

Reference no: EM131755679

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Reviews

len1755679

12/8/2017 12:38:00 AM

Total 2000 words without the executive summary, table and reference list. Required in morning 8 AM, delays not possible. Word limit: 2,000 words maximum (excluding table of content, references and the executive summary). In-text citations, the introduction, body and conclusion of the report are included in the word count. Students who exceed 2,000 words will be penalised 1 mark (of the available 20 marks for this task) per 100 words over the word limit.

len1755679

12/8/2017 12:37:54 AM

Submission Instructions - Submit your work online to the assignment Dropbox on CloudDeakin. You should include sub-headings in your report. An executive summary is required, in addition to the introduction. You are required to use a minimum of five academic journal articles to support your discussion. Students must submit a properly referenced assignment that complies with the Harvard referencing style. You must keep a backup copy of the assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy.

len1755679

12/8/2017 12:37:49 AM

When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment Dropbox folder after upload, and check for, and keep, the email receipt for the submission. Please consider carefully the impact of late submission on achievement of the hurdle requirement on this assignment. For more information about academic misconduct, special consideration, extensions, and assessment feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide of the Resources area in the CloudDeakin unit site.

len1755679

12/8/2017 12:37:41 AM

Notes - Penalties for late submission: The following marking penalties will apply if you submit an assessment task after the due date and time without an approved extension: 5% will be deducted from available marks, each day up to five days, and work that is submitted more than five days after the due date will not be marked. You will receive 0% for the task. 'Day' means calendar day for electronic submissions. The Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date.

len1755679

12/8/2017 12:37:34 AM

The report includes an executive summary that logically and coherently summarises all aspects of the report. A sophisticated awareness of purpose and background is evident. The report evaluates two impacts of removing foreign ATM fees on CBA and explicitly, logically, consistently and correctly links the identified arguments to agency theory. Agency theory is precisely defined. The report evaluates two impacts of removing foreign ATM fees on CBA and explicitly, logically, consistently and correctly links the identified arguments to legitimacy theory. Legitimacy theory is precisely defined.

len1755679

12/8/2017 12:37:28 AM

The report explain why the other major banks also removed foreign ATM fees and explicitly, logically, consistently and correctly links the identified arguments to institutional theory. Institutional theory is precisely defined. A clear conclusion is drawn with excellent reflection on the issue. Clear evidence of a wide variety of quality academic and professional reading. Skilful engagement and deployment of sources to enrich argument. Accurate citation and referencing. Information is clearly organised and expressed in concise, grammatically accurate and engaging language with an appropriate professional style.

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