30-34.9 marks Provides good justification for whether the items can be recognised as revenue and selection is defended by some evidence. Many accounts and amounts in journal entries are correct. 35-39.9 marks Provides very good justification for whether the items can be recognised as revenue and selection is defended mostly by evidence. Most accounts and amounts in journal entries are correct. 40-50 marks Provides excellent justification for whether the items can be recognised as revenue with multiple sources of supporting evidence. All accounts and amounts in journal entries are correct.

Criterion, Discipline specific (GLO 1), Part B Q7 (Total 50 marks) 0-14.9 marks Provides no justification for whether the items can be recognised as revenue. No journal entries included. 15-24.9 marks Provides limited justification for whether the items can be recognised as revenue, but does not support justification with evidence. Journal entries mostly incorrect. 25-29.9 marks Provides acceptable justification for whether the items can be recognised as revenue but evidence given does not defend the selection. Only some accounts and amounts in journal entries are correct.

Criterion, Discipline specific (GLO 1), Part B Q6 (Total 25 marks) 0-7.4 marks No discussion Provided. Does not defend selection. 7.5-12.4 marks Very limited discussion and no supporting evidence given to defend selection. 12.5-14.9 marks Acceptable discussion but evidence given does not defend the selection. 15-17.4 marks Good discussion provided. Selection is defended by some evidence. 17.5-19.9 marks Very good discussion provided. Selection is defended mostly by evidence. 20-25 marks Excellent discussion provided. Selection provided is defended in detail with multiple supporting evidence.

15-17.4 marks Provides good discussion and justification for recoverable amount. Good revaluation and impairment calculations for all relevant non-current assets. 17.5-19.9 marks Provides very good discussion and justification for recoverable amount. Very good revaluation and impairment calculations for all relevant non-current assets. 20-25 marks Correct recoverable amount provided and justification supported by references to accounting standards. Provides good discussion and justification for recoverable amount. Excellent revaluation and impairment

Criterion, Discipline specific (GLO 1), Part B Q5b (Total 25 marks) 0-7.4 marks No recoverable amount and justification provided. No revaluation or impairment calculations or journal entries provided. 7.5-12.4 marks Recoverable amount and justification for recoverable amount is mostly incorrect. Revaluation and impairment calculations and journal entries are mostly incorrect or incomplete. 12.5-14.9 marks Provides acceptable discussion and justification for recoverable amount. Acceptable revaluation and impairment calculations for all relevant non-current assets.

15-17.4 marks Provides good reason for not recording the revaluation and impairment loss. Provides good justification as to which qualitative characteristics of financial reporting are violated. 17.5-19.9 marks Provides very good reason for not recording the revaluation and impairment loss. Provides very good justification as to which qualitative characteristics of financial reporting are violated. 20-25 marks Provides excellent in depth reason for not recording the revaluation and impairment loss that is supported by multiple sources. Provides excellent justification as to which qualitative characteristics of financial reporting are violated.

Criterion, Discipline specific (GLO 1), Part B Q5a (Total 25 marks) 0-7.4 marks Provides no reason for not recording the revaluation and impairment loss. Does not identify any qualitative characteristics of financial reporting that are violated. 7.5-12.4 marks Provides mostly incorrect reason for not recording the revaluation and impairment loss. Identifies mostly incorrect qualitative characteristics of financial reporting that are violated. 12.5-14.9 marks Provides acceptable reason for not recording the revaluation and impairment loss. Provides acceptable justification as to which qualitative characteristics of financial reporting are violated.

Criterion, Discipline specific (GLO 1), Part B Q4 (Total 12.5 marks) 0-3.7 marks No excerpt of balance sheet provided. 3.75-6.2 marks Excerpt of balance sheet mostly incorrect or incomplete. 6.25-7.4 marks Includes all relevant items of the excerpt of balance sheet, but only some amounts for the items are correct. 7.5-8.7 marks Includes all relevant items of the excerpt of balance sheet and many amounts for the items are correct. 8.75-9.9 marks Includes all relevant items of the excerpt of balance sheet and most amounts for the items are correct. 10-12.5 marks Includes all relevant items of the excerpt of balance sheet and all amounts for the items are correct.

Criterion, Discipline specific (GLO 1), Part B Q2 (Total 25 marks) 0-7.4 marks No depreciation calculations provided. No discussion regarding whether change in depreciation method is permitted and why change would be wanted by the business. 7.5-12.4 marks Depreciation calculations are mostly incorrect. Discussion as to why change in depreciation method is/is not permitted and why change would be wanted by the business is limited. 12.5-14.9 marks Acceptable depreciation calculations for all periods. Provides acceptable discussion as to why change in depreciation method is/is not permitted and why change would be wanted by the business. 15-17.4 marks Good depreciation calculations for all periods. Provides good discussion as to why change in depreciation method is/is not permitted and why change would be wanted by the business. 17.5-19.9 marks Very good depreciation calculations for all periods. Provides very good discussion as to why change in depreciation method is/is not permitted and why change would be wanted by the business. 20-25 marks

Criteria Poor Needs Improvement Acceptable Good Very Good Excellent Criterion, Discipline specific (GLO 1), Part B Q1 (Total 25 marks) 0-7.4 marks Provides no recorded cost or justification for items to be included in cost of non- current assets. 7.5-12.4 marks Cost allocated to non-current assets does not match justification. 12.5-14.9 marks Provides acceptable justification for the recorded costs of non- current assets. Some recorded cost amounts correct. 15-17.4 marks Provides good justification for the recorded costs of non-current assets. All recorded cost amounts correct. 17.5-19.9 marks Provides very good justification for the recorded costs of non- current assets. All recorded cost amounts correct. 20-25 marks Provides excellent in depth justification for the recorded costs of non-current assets. All recorded cost amounts correct.

The objective of this assignment is to evaluate and assess recording, expensing and reporting of non- current assets as well as examining how productive management is in dealing with non-current assets. You are required to form groups of four for this assignment. Your group must be set up on CloudDeakin as per the instructions found in the document called ‘instructions on how to form a group.’ This document is available in the resource folder under Assessment 2 Group Assignment Part B. Once you form your group the next stage is to all meet up either in person or online using skype, FaceTime or a method of your choice. It is advised that the group keep a record of what was said at the meeting. We will provide you with an initial action template that you can use in your first group meeting to record details such as, who attended, deadlines for having part B completed, who will provide feedback to who for part B, etc. This will be available in the assessment folder for Assessment 2 Part B and is called ‘Action Plan Template.’ Every time you meet you should document the meeting, so that if there is any disagreement within the group you can refer back to the template.

Its a simple 1500 words assignment with 7 questions in total and not exceeding more than 150 words per question. I have sent you the resources Please ignore duplicate attachments Unit Learning Outcome (ULO) Graduate Learning Outcome (GLO) ULO 1: Comprehend accounting as a language of business GLO1: Discipline-specific knowledge and capabilities ULO 4: Evaluate financial statements and appreciate the regulation of accounting systems of business organisations 1. This assignment is to be submitted ONLINE ONLY (You are NOT required to submit a hard copy). 2. This assessment must be completed using MS Word. 3. Only ONE submission is required per group. Please organise for 1 group member to submit the assignment for the group. Each group member will receive an email confirming it has been submitted. 4. The assignment must be submitted into the allocated area on CloudDeakin under the Assessment folder.