In other courses of the CPA program you have had assignments aiming to analyse existing companies listed at the ASX with the main idea that each student analyses various aspects related to one and the same company. If you have chosen a company other than a financial institution, you can use this company for this assignment as well. Risk Management of financial institutions is quite different than that of corporates. The CPA segment Financial Risk Management has also not treated risk management of financial institutions. To be able to answer adequately the questions of this assignment, one would need to focus on a company which is not a financial institution. If you have previously analysed a financial institution, you need to contact your convenor. Once you have chosen a company, for this assignment you will need to do some research on this company and its core activities using the company's website, press releases, annual reports, studies on commodity prices, etc. Use this information in regard to following questions. Questions: 1. Describe briefly the company's business activity and discuss the financial risks this company is exposed to. Do you assess these risks as significant for this company within the next year and why? Identify and discuss any existing primary offsets currently relevant for this company which mitigate these risks. Discuss the overall risk management approach of this company. 2. Referring to the financial statements of this company for the last three years, discuss if and how the company uses Hedge Accounting rules (e.g. for which instruments, what types of hedges, method for determining the hedge effectiveness, historical development in the financial statements of the corresponding positions)? Note that it is not about describing general Hedge Accounting rules; you have to refer specifically to the company you are analysing