Assessment item 1
Assignment -1
Value: 15%
Due date: 23-Aug-2015
Return date: 13-Sep-2015
Length: 1500 words
Submission method options
Alternative submission method
Task
Task
Find a professional journal article or web page report of an item of accounting news. The report/article must refer to a current event, consideration, comment or decision that has been published on or after 1st April, 2015. Your article could probably come from one of the professional journals such as ‘Charter’ or from ICAANZ, CPA Australia and ICAEW UK or from other professional bodies. The article should not come from an academic journal. Academic journals generally publish 2 or 4 times a year, thus you may not be able to find the latest accounting news. If you are having a problem ensuring that your article is from an appropriate source, contact your Subject Coordinator for advice.
Write an analytical report on the article that you have found in your own words. Relate the concepts ideas and facts to one or more theories or topics you have studied in this session. For example, the selected article may link to topics such as measurement in accounting, normative accounting theory (Conceptual framework) or Accounting regulations and politics.
Provide a copy of the article with details of the source, date and page numbers with your report.
Please follow the link for resources to improve your writing skills, if you wish to do so.
-http://bit.ly/FoBAcademic-Writing-Skills- bit.ly – FoB Academic-Writing-Skills
Content assessed: Various accounting theories, measurement issues under IFRS and Conceptual Framework.
Key generic skills: Research, critical thinking and analytical writing
Subject learning outcome for Assignment -1: Be able to apply theoretical knowledge to analysis and synthesis complex issues in the accounting practice.
Word count- 1500
Introduction - 100
Article - 100
Conceptual framework - 400 (normative theory)
Measurement - 400
Regulation politics - 400
Conclusion - 100
Definition s
Rationale
This assignment is designed to assist you in:
• Gathering and synthesising knowledge in order for you to analyse and comment critically on the application of accounting theories;
• Critically appraising the objectives of accounting and relate them to the various concepts of accounting;
• Analysing the possible usefulness of alternative measurement systems to historical cost;
And
• Developing your learning through the application of the concepts covered in topics 1 to 3

Content assessed: Various accounting theories, measurement issues under IFRS and Conceptual Framework.
Key generic skills: Research, critical thinking and analytical writing
Subject learning outcome for Assignment -1: Be able to apply theoretical knowledge to analysis and synthesis complex issues in the accounting practice.
Marking criteria
Assessment - 1 Marking criteria

Criteria High Distinction Distinction Marks
Ability to research and describe an accounting issue.

Inclusion of professional journal article of accounting news Student has produced a comprehensive report identifying all key issues in depth, with examples from the selected article.

Copy of the article provided Student has produced a detailed report on the accounting news from the selected article, with identification of all key issues

Copy of the article provided
/3
Description of major issues in article that you selected to discuss. Advanced articulation and identification of key issues that have been discussed in the article Clear identification of relent issues, some detailed discussion
/3
Integration of major issues in one or more topics presented in the subject. Response identifies a range of relevant topics and theories and is able to deconstruct and evaluate the issues through the use of theories and arrive at a logical position, for example by synthesizing the insight of different theories. Response uses theory to provide a clear explanation and analysis of most of the relevant issues in the article.
/2
Critical Capacity:
Has the student critically analysed the underlying assumptions of the accounting theories they have used as examples. The report critically analyses the issues raised in the article and relates findings to the current debate in accounting.
The report clearly outlines the major findings of the investigation and the impact of these findings to financial accounting reporting. The report critically analyses all the underlying assumptions of the accounting theories in the examples used.

/3
Academic Writing: Is the answer easy to follow and understand The report is professionally presented.
All grammar and punctuation is correct.
The report is written in an appropriate style; it is highly engaging with a clear flow.
All sections of the report have been included and correctly structured.
The report is professionally presented

Grammar and punctuation is correct with some minor flaws. No spelling errors.

/2
Student has used referencing system clearly and accurately.
The APA referencing system has been used clearly and accurately to record all cited sources in the report.
The APA referencing system has been used clearly and accurately to record all cited sources in the report but needs minor improvements

/2
/15

Presentation
•Assessment items should be typed.
• Use a wide left margin. Markers need space to be able to include their comments.
• Use a standard 12pt font such as Times New Roman, Calibri or Arial.
• Left- justify body text.
• Include a separate title page with your name, student number, subject code, assessment number and assessment question. Include class time and tutor’s name if applicable.
• Number your pages (except the cover page).
• Use a header or footer with your name and student number on each page.
• Always keep a copy of your assessments. Both a hard copy and an electronic copy.
• Most importantly, always use your spelling and grammar checker, but remember that this does not pick up all errors. You must still carefully edit your work.

Requirements
As per the CSU Referencing Policy, each assessment item must indicate the style of referencing required for each task. Students should be directed to a single Guide that supports the required referencing style for each assessment task. For those tasks requiring the use of APA, students should be directed to the CSU Referencing website at:
http://student.csu.edu.au/study/referencing-at-csu
Assignments must be submitted through turnitin. The lecturer will announce if a hard copy submission is required addition to turnitin submission.