Reference no: EM132430066 , Length: word count:2500
HI5020 Corporate Accounting - Holmes Institute
Assessment Title - Raising funds for corporate operations and liabilities, provisions, contingent liabilities and contingent assets. Measurement Basis for Assets.
Purpose of the assessment - 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.
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.
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)
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Content (4 marks)
|
Clarity of the presentation
(3 marks)
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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
|
Attachment:- Corporate Accounting.rar