Reference no: EM132762100 , Length: 1500 Words
Learning Outcome 1: Critically evaluate financial accounting reporting issues and their impact on stakeholders
Learning Outcome 2: Examine various theoretical and philosophical approaches to accounting
Learning Outcome 3: Analyse current accounting issues including ethical requirements
Learning Outcome 4: Evaluate implications of contemporary accounting issues.
Assessment 1
Purpose: This assessment is designed to reinforce the subject content and develop students' skills and application of knowledge of the subject content to business situations. This assessment relates to learning outcomes a, b and c.
Topic: This assignment covers contemporary theoretical concepts with practical accounting task application based on the topics from the subject.
Task Details: This assignment requires students to access the Conceptual Framework of Accounting and select the conceptual framework tab. Students are then required to access paragraph 2.4 fundamental qualitative characteristics.
Students should:
1- Prepare a summary of the requirements for general-purpose financial reports with respect to these fundamental qualitative characteristics.
2- Select an ASX corporation and review general purpose financial report material with respect to the reporting of risk by the corporation
3- Review the general-purpose financial reports, additional company media releases, internet, and other sources in relation to the reporting of risk by the corporation.
4- Prepare a comprehensive report directed to this research. The report extracted from the general- purpose financial report and additional material relevant to the analysis.
Presentation: Report - 1,500 word report. The word count excludes the cover sheet, contents page, references, appendices, and illustrations (e.g. diagrams, graphs and tables). Students need to stay within the assigned word limits, and indicate the word count on the cover page of the assignment. The report should be typed double spaced, using Times New Roman font size of either 10 point or 12 point. Every page should be clearly numbered.
The assignment should include the following parts:
o A title / cover page, which indicates basic information such as Subject title, Subject code, Trimester number, Assignment title, group members' full names and KOI student numbers, word count and name of the tutor;
o Executive Summary;
o Table of Contents;
o Main contents - Introduction, analysis using suitable headings and subheadings, Conclusions and Recommendations, Appendices (if any); References (using Harvard - Anglia style); and/or o Attachments.
Assessment 2
Group Presentation and Report
Topic: Identify and apply theories and models in accounting to the disclosure or non-disclosure of risk by management in the presentation of general-purpose financial reports by corporations.
Task Details: Students are required to access and read the article "Climate-related and other emerging risks disclosures: assessing financial statement materiality using AASB/IASB Practice Statement 2".
Group Presentation: Groups are to present their analysis and findings/ conclusions in a professional 5 (five)-minute video presentation. Presentations should be a critical analysis covering the main theory elements of the course - not just presenting a factual story - reference to corporate reports and other material is encouraged. Information can be covered in any order in the presentation, but should contain elements of the course. It is strongly recommended that groups prepare their presentations well in advance of the presentation date, and make some effort to review their video presentation. This will improve the presentation overall, and give groups a chance to improve and time manage their presentations. Videos may be prepared using any available platform such as iMovie, MovieMaker, Prezi and others. Students are reminded that extensive use of third-party video materials in their video presentations may increase the risk of plagiarism.
Research Requirements: Students need to support their analysis with references from the text and a minimum of ten (10) suitable, reliable, current and academically acceptable sources - check with your tutor if unsure of the validity of sources. Groups seeking Credit or above grades should support their analysis with increased number of reference sources comparable to the grade they are seeking.
Submission requirements:
Group Report: 1,500 + 10% word report format - Word .doc or .docx. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in- text referencing and reference list (Harvard - Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt.
Video Presentation: Using the subject material with reference to the group report content, groups are to present their analysis and findings/conclusions in a professional five (5) minute video presentation. All group members are required to be involved in the preparation and presentation of the video. Group members will be required to provide a written statement with supporting materials such as a group contract, minutes of meetings or other documents to support individual grading with respect to their individual contribution to the group work. Self-review and peer review will be conducted after the presentation. Group members will be required to answer questions with respect to the materials in the group presentation session.
Attachment:- CONTEMPORARY ISSUES IN ACCOUNTING.rar