HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5020 Corporate Accounting Group Assignment T3 2019 Assessment Details and Submission Guidelines Trimester T3 2019 Unit Code HI5020 Unit Title Corporate...

the chosen company must be in same industry group. for eg retail or banking or materials etc


HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HI5020 Corporate Accounting Group Assignment T3 2019 Assessment Details and Submission Guidelines Trimester T3 2019 Unit Code HI5020 Unit Title Corporate Accounting Assessment Type Individual Assignment Assessment Title Raising funds for corporate operations and liabilities, provisions, contingent liabilities and contingent assets. Measurement Basis for Assets. Purpose of the assessment (with ULO Mapping) This assignment aims at developing a clear understanding of students on different sources of funds used/raised by companies. They will need to identify different sources of fund used by two selected companies, discuss the evolution of the sources of fund used by the selected companies over a period of 5 years. They will have to relate the relative merits of different sources of funds used by the selected companies and shed lights on why the selected companies are using different sources of fund differently. Students will also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets and identify use of this standard by the selected companies. Students will have to identify all different categories of assets recorded by the selected companies and examine the measurement basis used by the company for each class of assets. (ULO 1, 2, 4, 5, 6, 7). Weight 40 % of the total assessments (Written assignment 30 % + Presentation 10 percent) Total Marks Written assignment 30 marks + Presentation 10 marks Word limit 3,000 words ± 500 words Due Date Assignment submission: Final Submission of individual Assignment: 11:59 pm Friday, Week 10 Late submission incurs penalties of five (5) % of the assessment value per calendar day unless an extension and/or special consideration has been granted by the lecturer prior to the assessment deadline. Submission Guidelines  All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.  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. Page 2 of 6 HI5020 Corporate Accounting T3 2019 Assignment Specifications Purpose: This assignment aims at developing a clear understanding of students on different sources of funds used/raised by companies. They will need to identify different sources of fund used by two selected companies, discuss the evolution of the sources of fund used by the selected companies over a period of 3 years. They will have to relate the relative merits of different sources of funds used by the selected companies and shed lights on why the selected companies are using different sources of fund differently. Students will also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets and identify use of this standard by the selected companies. Students will have to identify all different categories of assets recorded by the selected companies and examine the measurement basis used by the company for each class of assets. Assessment task: Collect the latest annual reports of Two (2) ASX listed companies for the last 3 financial years. Based on your collected annual reports, do the following tasks: (i) Identify the different sources of fund that have been used by your selected companies. (ii) Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources of funds. (iii) Identify the percentage of the fund that is internally generated and the percentage of the fund that is externally generated for each selected company. (iv) Explain the relative merits and shortcomings of the different sources of fund used by your selected companies. (v) Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which ones of the liabilities are interest bearing and which ones are not interest is bearing. (vi) Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets. (vii) Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports. (viii) Identify all different categories of assets recorded by the selected companies. (ix) Critically examine the measurement basis used by the company for each class of assets recoded by the selected companies. Assignment Structure should be as the following: Abstract - One paragraph List of Content Introduction Body of the assignment with detailed answer on each of the required tasks Summary/Conclusion List of references ….. Page 3 of 6 HI5020 Corporate Accounting T3 2019 Instruction for video presentation: Based on your written assignment you will have to make a summary video presentation at a length of 10 minutes. Your presentation should explain the assignment tasks and your key findings. You will have to upload the presentation in You Tube and submit the you tube link at Blackboard so that the marker can watch and mark your presentation. Your presentation will be marked based on the following criteria: Presentation Style (3 marks) Content (4 marks) Clarity of the presentation (3 marks) Excellent 3-2.5 4-3 3-2.5 Very good 2.5-1.75 3-2.5 2.5-1.75 Good 1.75-1.5 2.5-2.00 1.75-1.5 Satisfactory 1.5-1.00 2.00-1.00 1.5-1.00 Unsatisfactory 1.00-0 1.00-0 1.00-0 Marking criteria Marking criteria Weighting Abstract 1% List of content & overall presentation of the assignment 1% Introduction 1% Identify the different sources of fund that have been used by your selected companies. 1% Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources of funds. 3% Identify the percentage of the fund that is internally generated and the percentage of the fund that is externally generated for each selected company. 2% Explain the relative merits and shortcomings of the different sources of fund used by your selected companies. 3% Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which ones of the liabilities are interest bearing and which ones are not interest is bearing. 3% Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets. 3% Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports. 4% Identify all different categories of assets recorded by the selected companies. 3% Critically examine the measurement basis used by the company for each class of assets recoded by the selected companies. 4% Conclusion 1% Total in Written Assignment 30% Video presentation 10% Total 40 % Page 4 of 6 HI5020 Corporate Accounting T3 2019 Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory Identify the different sources of fund that have been used by your selected companies. /1 Specific sources of liabilities and equities have been clearly identified. Demonstrate a clear understanding of each sources Specific sources of liabilities and equities have been clearly identified. Gross amount of liabilities and equities have been identified without specific identification of each sources. Gross amount of liabilities and equities have been identified without specific identification of each sources. There are some errors Has failed to identify different sources of fund used by the company. Many errors in the answer or has misunderstoo d the question Examine the evolution of the sources of fund used by the company over the last three financial years with specific focus on the changes of different sources of funds. /3 The evolution of different sources of funds within the company (with specific focus on their changes) has been discussed comprehensively. The evolution of different sources of funds within the company (with specific focus on their changes) has been discussed with minor errors. The evolution of different sources of funds within the company (with specific focus on their changes) has been discussed with major errors. The evolution of different sources of funds within the company (with specific focus on their changes) has been discussed with major errors. The answer still make sense Has answered the question with many errors and misunderstand ing or has not answered the question Identify the percentage of the fund that is internally generated and the percentage of the fund that is externally generated for each selected company. /2 Has shown the percentage of each sources of funds used by the company distinguishing between externally generated funds and internally generated fund. Has shown the percentage of each sources of funds used by the company. Externally generated funds and internally generated funds have been distinguished with minor errors. Has shown the percentage of each sources of funds used by the company. Externally generated funds and internally generated funds have been distinguished with major errors. Has shown the percentage of each sources of funds used by the company. Externally generated funds and internally generated funds have not been distinguished. Has not shown the percentage of