UG 024 CBFS Corporate Failure in Pie Face Paper all the requirements in the Word file2000 word Similarity less than 5% Turnitin report nee COLLEGE OF BANKI

UG 024 CBFS Corporate Failure in Pie Face Paper all the requirements in the Word file2000 word Similarity less than 5% Turnitin report nee COLLEGE OF BANKING AND FINANCIAL STUDIES
DEPARTMENT OF UNDERGRADUATE PROGRAMME
B.Sc. in Accounting, Auditing and Finance
ASSIGNMENT BRIEF
Weightage: 30 %
Individual Assignment
Student Name
Semester
Semester – 7
Year 2020
Spring 2020
Assignment Title
Contemporary Issues in Accounting(UG024 – CIA)
a
Module
Contemporary Issues in
Accounting (UG024 – CIA)
Assessor:
Start Date:
Due Date:
19th April, 2020
15th May, 2020
Internal Verifier
Dr.Labeeb Mohammed Zeeshan
Ms. Mariam Hassan
Required Work, Format and Grading
You must submit the following by the assignment due date:
? Completed answers to each task, making sure that you fully address each of the outcome
criteria.
? Answer all questions separately.
? Assignments without TURNITIN report will not be accepted.
Resources:
You need to demonstrate a confident application of the theories to the assignment task. The theoretical
underpinning of your observations and deliberations should also demonstrate a good understanding of
the subject by the way that your analysis is structured.
You can access the Internet to research about the topic. You should demonstrate good academic practice
by the appropriate use of academic texts and journals that are properly referenced.
Guidelines and further information about assignment:
Assignment must be submitted with the “Turnitin” report. If the report generated indicates a similarity
index percentage of 20% or more, a review of your assignment is necessary to ensure the same is
reduced to less than 20%.
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Student declaration:
I certify that the work contained in this assignment was researched and prepared by me:
Signature: ___________________________ Date: ___________________
Grades given are subjected to External Verification. No grades are Final
The user ID and Password for submitting the soft copy of the report through
TURNITIN is as follows:
Class ID:
24476301
Enrolment Password: finance
Submission time and date
You should submit the assignment by the time and date mentioned otherwise a ‘NA’ will be awarded. Fill
in the form cover and staple it with your assignment. Make sure that all the relevant details are complete.
Assignments must be submitted by the due date. You may include diagrams, figures etc without word
penalty.
Plagiarism Writing
Summary
1. Plagiarism occurs if you use somebody else’s work in an assignment or exam answer, but fail to
state where you got the material from. You need to be also very careful about the amount of
words you are using from somebody else’s work.
2. It can happen in any type of assessment where you are given the questions or tasks in advance.
3. If another student uses your work in his/her answer(s), both you and he/she will be punished
when caught.
4. Punishments for committing plagiarism can be very severe.
Details
Plagiarism is a form of cheating in which students use the work of others and present it as their own. It
may include all or any one of the following –
1. Copy extensively from the work of others (from sources such as books, magazines, journal, websites etc) and submit the work as your own.
2. Copy another students’ work and submit it for assessment under your own name.
3. Allow another student to copy your work and then submit it for assessment under their own
name.
What happens if you get caught?
The examining body of CBFS may punish offending students in any manner that they deem fit. Typical
punishments may range from reduction in grades, making students re-sit modules and even failing
students on a module or an entire award. The college considers this form of cheating as a serious offence.
Therefore be forewarned!
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Corporate Governance and Sustainability
Individual Assessment
Pie Face
Pie Face went bust last month with 20 of its stores closed after a week. The collapse came after Pie
Face quietly closed six of its seven stores in New York City earlier in the year. At the time of entering
administration, there were 70 Pie Face stores in Australia with 43 of them franchised. The 11-year-old
business, founded by former Wall Street banker Wayne Homschek and interior designer Betty Fong, has
stores around Australia and in the US and Singapore and openings were planned for the Middle East,
Japan, Korea and the Philippines. While the causes of Pie Face’s troubles have still not been identified
there is speculation aggressive expansion is to blame.
Australian food franchise Pie Face has collapsed into voluntary administration.
In a statement released to Smart Company, the Pie Face Group confirmed Jirsch Sutherland has been
appointed as administrators. However, Pie Face said it is “business as usual” as the administrators conduct
a review of the chain’s operations.
“The move comes as part of a wider company review, which will see the company focus on supporting
the growth of its franchise-operated stores as well as the wholesale business,” Pie Face said. “The
international businesses are not affected”.
A spokesperson for Pie Face confirmed to Smart Company there are currently 70 Pie Face franchises
across Australia, although the Pie Face website lists 78 outlets, including 15 in the Melbourne CBD and 20
in the Sydney CBD. .
While Pie Face has previously attempted to expand into India and New Zealand without much obvious
traction, the chain is also believed to have agreements to enter South Korea and the Philippines. The chain
also became embroiled in a legal battle with a former franchisee earlier this year.
Former franchisee Prit Dutta sued Pie Face for $800,000 in February, alleging the pie chain was misleading
and deceptive when communicating the expected returns for its franchise stores. The lawsuit followed
reports in 2013 that around 50 Pie Face franchises were up for sale, although founder Wayne
Horschel denied the reports to Smart Company at the time, saying the claims were “totally blown … out
of proportion”.
(www.businesspundit.com/the-25-worst-business-failures-in-history)
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You are required to:
Task 1. Identify and assess the internal factors for corporate failure in Pie Face for the recent past.
(10 Marks)750 words
Task 2. Explain the implication of corporate failures on stakeholders of Pie Face including Prit Dutta a
former franchisee.
(10 Marks) 750 words
Task 3. Suggest relevant recommendations to prevent the corporate failure by referring to the Elements
of Corporate Governance.
(10 Marks) 750 words
Key words:
Sarbanes Oxley Act, Cadbury Report, UK Corporate Governance Code
Introduction
Task 1
Task 2
Task 3
Recommendation/ suggestion / Conclusion
References
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