Reference no: EM133708348
Advanced Financial Accounting
Assessment Type: Statement of Advice
Your Task
Prepare a Statement of Advice (SoA) that addresses all the questions raised in a letter that will be made available to you at the start of week 11.
Assessment Description
Assume that you are a team of graduate accountants working for Pinnacle Pty Ltd, an independent Consulting & Accounting firm located at 11 George Street, Sydney, NSW 2000. Among other things, your firm provides its clients with advice regarding accounting issues, including applying the Australian Accounting Standards in preparing Financial Reports.
Assessment Instructions
You must prepare a Statement of Advice (SoA) for National Ltd to address several accounting issues raised by Ms. Sullivan Sampson on behalf of the company's directors. Ms. Sampson has raised these issues in a letter that will be made available to you on the Monday of week 11.
The maximum length for the SoA is 2,000 words (+/- 10%) You should address all the technical issues in your advice, followed by a Reference List. Marks will be awarded based on two components:
Technical component 30% - This includes the technical discussion in your SoA, the explanation of each issue, and the sources used. You must analyse the information provided and recommend the correct accounting treatment. You must justify your recommendations by referencing specific paragraphs of relevant accounting standards. You must explain the rationale behind each accounting standard requirement.
Communication Skills (Writing Skills) component 10% - marks will be awarded based on your ability to gather information and effectively communicate strategies to the client as part of the SoA. It will also cover the generic skill of writing, clear meaning, structure and organisation, appropriate tone and grammar, spelling, and punctuation, etc., throughout the whole assignment.
Please refer to the rubrics at the end of this document assessment to assist you in completing all the assessment criteria.
Additional Requirements:
You must include the following in your Statement of Advice (SoA):
Cover Page should include:
Name/logo of your accounting and consulting firm.
The words "Statement of Advice".
Who the document is prepared by.
Who the document is prepared for.
Date.
Brief information on what the document is about.
Table of Contents.
Recommendations and explanations - include in-text referencing.
Conclusion.
Reference list.
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