advance financial accounting
HA3011 Advanced Financial Accounting Assessment Details and Submission Guidelines Trimester T2 2021 Unit Code HA3011 Unit Title Advanced Financial Accounting Assessment Type Assignment Assessment Title Individual Assignment Purpose of the assessment Students are required to follow the instructions and announcements posted on Blackboard with regard to the details of the submission instructions and the deadline. This individual assignment will assess students based on the following Learning Objectives: 1. Understanding of the various theoretical models of accounting. 2. Application of knowledge of specific financial reporting issues to AASB accounting standards. 3. Discussion of the theoretical constructs of contemporary financial accounting. 4. Evaluation and explanation of the need for the development of a conceptual framework for accounting and discussion of the influence of such a framework on accounting practice. 5. Understanding of the Australian accounting regulatory environment and conceptual framework. 6. Understanding of how to account for assets focusing on non-current assets, and liabilities. 7. Ability to calculate and journalise transactions for revaluations and impairments of non-current assets. 8. Accounting for leases for both lessees and lessors. Weight 25% of the total assessments Total Marks 25 Word limit 3000 words Due Date Due Date: 11:59 PM on Sunday 26 September 2021 of week 10 (Please refer to Announcements on Blackboard for accurate information about the final due date) Submission Guidelines All work must be submitted via SafeAssign on Blackboard by the due date. The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers. Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Harvard referencing style. Must strictly follow the assignment submission instructions posted on Blackboard. HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION Assessment Design – Adapted Harvard Referencing Holmes will be implementing as a pilot program a revised Harvard approach to referencing. The following guidelines apply: 1. Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers. 2. The Reference list should be located on a separate page at the end of the essay and titled: References. 3. It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example; P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf 4. All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found. For example; “The company decided to implement a enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).” Non-Adherence to Referencing Guidelines Where students do not follow the above guidelines: 1. Students who submit assignments which do not comply with the guidelines will be asked to resubmit their assignments. 2. Late penalties will apply, as per the Student Handbook each day, after the student/s have been notified of the resubmission requirements. 3. Students who comply with guidelines and the citations are “fake” will be reported for academic misconduct. Academic Integrity Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these resources can also be found through the Study Skills link on Blackboard. Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment. http://jise.org/Volume15/n3/JISEv15n3p327.pdf Table 1: Six Categories of Academic Integrity breaches Plagiarism Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism. Collusion Working with one or more other individuals to complete an assignment, in a way that is not authorised. Copying Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence. Impersonation Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination. Contract cheating Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment. Data fabrication and falsification Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images. Source: INQAAHE, 2020 If any words or ideas used the assignment submission do not represent your original words or ideas, you must cite all relevant sources and make clear the extent to which such sources were used. In addition, written assignments that are similar or identical to those of another student is also a violation of the Holmes Institute’s Academic Conduct and Integrity policy. The consequence for a violation of this policy can incur a range of penalties varying from a 50% penalty through suspension of enrolment. The penalty would be dependent on the extent of academic misconduct and your history of academic misconduct issues. All assessments will be automatically submitted to Safe Assign to assess their originality. Further Information: For further information and additional learning resources please refer to your Discussion Board and assessment details on Blackboard for the unit. HA3011 Advanced Financial Accounting 3 Assignment Specifications Purpose: This assignment aims at assessing students on the Learning Outcomes 1 to 8 as mentioned above. Assignment Instructions and Requirements Each student has been allocated a subject company for completing this assignment. In the excel file “Find Your Company” located under “Assessments” on Blackboard, you will find the listed company that you have been allocated for this assignment. Important note: You are NOT allowed to select your own companies. You must complete this assignment with the subject company that you have been allocated. Your assignment will not be marked if you use a different company to the one that you have been allocated, or you will be asked to resubmit your assignment using the correct company. Students are not allowed to complete the assignment using the same company as used by another student. Go to the website of your subject company. Then go to the Investor Relations section of the website. This section may be called: “Investors”, “Shareholder Information” or similar titles. In this section, find the company’s annual report. Download the firm’s latest annual report and save it to your computer. For example, these reports may be dated 30 June 2019 or 30 June 2020. Do not use your firm’s interim financial statements or their concise financial statements. Once you have downloaded the latest annual report for the company allocated to you, you are required to undertake the following tasks: Apply relevant knowledge that you have learned from this course, examine the annual report of your subject company and other relevant information that you have obtained via your research and undertake the following tasks: 1- From the annual report of your allocated company and in respect to the general-purpose financial statements, describe and discuss the objectives and limitations of the conceptual framework for financial accounting. 2- Identify and clearly discuss if your allocated company is a reporting entity, provide specific and detailed examples and factors from your allocated company to support your argument. 3- Describe and discuss the recognition and measurement policies of your allocated company in relation to leases and income tax 4- Explain the impairment testing of non-current tangible assets of your allocated company. For additional guidance for marks allocation, please refer to the marking rubric / guide attached. HA3011 Advanced Financial Accounting 4 Assessment Criteria Assessment of this assignment will be based on the criteria listed below. Assignment Structure and Marking Criteria Weighting Structure and organization of the assignment (report format) 2% Introduction of the assignment 1.5% Assignment Content: 1. From the annual report of your allocated company and in respect to the general- purpose financial statements, describe and discuss the objectives and limitations of the conceptual framework for financial accounting. 2. Identify and clearly discuss if your allocated company is a reporting entity, provide specific and detailed examples and factors from your allocated company to support your argument. 3. Describe and discuss the recognition and measurement policies of your allocated company in relation to leases and income tax 4. Explain the impairment testing of non-current tangible assets of your allocated company. 16% Conclusion of the assignment 1.5% Language and presentation 2% Adapted Harvard References 2% Total 25% Please strictly follow the assignment submission instructions and ensure that this assignment is your own work. Please read the revised Holmes Academic Integrity policy carefully. It is the responsibility of the student who is submitting the work, to ensure that the work is in fact her/his own work. For further details, please refer to the Unit Outline and Student Handbook. It is essential that students use a standard referencing style in their assignments – Holmes Institute uses the Holmes Adapted