BUACC5934 FINANCIAL ACCOUNTING
SEMESTER 1, 2017
“The definition of liabilities is comprehensive in its coverage: indeed, some would argue that it is too comprehensive in that it makes no attempt to distinguish between liabilities and commitments, as it includes obligations arising from firm contracts where neither the entity nor the counter party has honoured its promises.”
Australian Accounting Research Foundation (AARF), 1998, Measurement in Financial Accounting, Accounting Theory Monograph, AARF, Melbourne, p. 36. With reference to the above statement:
1. Describe what you understand by the term liabilities and how they are measured. Provide examples from your selected company annual report.
2. Discuss liabilities and the problems of measurement in the context of the present IASB framework. Refer to specific AASB/IASB standards.
3. Evaluate the categorization and treatment of liabilities in the annual report. Provide examples from your selected annual report.
4. Comment on the relationship between the measurement of liabilities and decision useful information with examples from your selected annual report.
Download a 2016 annual report for a listed company (in the top one hundred) on the Australian Securities Exchange (ASX) website. Groups are not allowed to do the same company and should discuss their selection with their tutor prior to commencing their research assignment (Banks are not allowed as they have particular reporting requirements).
Refer to the marking guide (attached) for additional information and requirements.
******Please be noted: Not to pick up Bank or Big Company
I have chosen JB HiFi. And also you have to compare between other similar company financial profiles.
If you want to do with different company you need let me know before you start because I need to check with my teacher.
Words limit: 3000
Evidence of extensive research beyond the prescribed text is required.
This course will be conducted on the presumption that students have a copy of:
Deegan, C., (2016), Australian Financial Accounting, 8th edition, North Ryde : McGraw-Hill. ISBN: 9781743764022 (pbk)
1. Ensure these are referenced appropriately in APA style. Refer to the statement regarding plagiarism.
2. This assignment must be handed in for successful completion of the course and will count 20 marks towards the final mark.
3. Marks have been allocated to each specific section of your assignment.
4. The assignment is to be conducted in groups of two. Students do not have the option to extend or reduce the size of the group. The lecturer, in the evaluation of the group submission and each individual’s contribution, may require any or all of the members of the group to discuss various aspects of the assignment.
5. All assignments are to be uploaded to Moodle . Should you need assistance, please use the available resources and support through the drop-down menus in Moodle or speak to your lecturer/tutor.
RESEARCH ESSAY MARKING RUBRIC – BUACC5934 FINANCIAL ACCOUNTING
Essay Structure, Points (Pts.) and Word Count Does Not Meet Expectations Meets Expectations Exceeds Expectations Points / Grade
Abstract / Synopsis (20pts) 250 words Poorly structured (0-9) Well structured (10-14) Clear and specifically structured (15-20)
Introduction (20pts) 250 words Unfocused introduction (0-9) Good introduction (10-14) Clear and specific introduction (15-20)
QUESTION 1. DESCRIBE … (40pts) 450 words Does not develop description cogently, uneven and ineffective overall organization (0-19) Develops a unified and coherent description within paragraphs with generally adequate transitions; clear overall organization (20-29) Description is exceptional, with logical paragraphs that connect effectively and summarizes statements and objectives at a superior level. (30-40)
QUESTION 2. DISCUSS …
(50pts) 600 words Does not discuss ideas cogently, uneven and ineffective overall organization (0-24) Develops a unified and coherent discussion within paragraphs with generally adequate transitions; clear overall organization relates most of the discussion (25-34) Develops discussion exceptionally well within paragraphs, connects them with effective transitions and summarizes statements and objectives at a superior level. (35-50)
QUESTION 3. EVALUATE … (50pts) 550 words Does not describe & develop ideas cogently, uneven and ineffective overall organization (0-24) Describes & develops unified and coherent ideas within paragraphs with generally adequate transitions; clear overall organization relating most ideas together (25-34) Describes & develops ideas exceptionally well, organizes them logically within paragraphs and connects them with effective transitions; summarizes statements and objectives at a superior level. (35-50)
QUESTION 4. COMMENT (60pts) 650 words. Does not analyse reports adequately, uneven and ineffective overall organization (0-29) Analysis is generally unified and coherent within paragraphs with generally adequate transitions; clear overall organization relating most ideas together (30-44) Analysis is exceptionally within logically constructed paragraphs that connect to make effective transitions; summarizes statements and objectives at a superior level. (45-60)
Conclusion (20pts) 250 words Does not provide a sufficient discussion of conclusions, implications, and consequences that reflects an integration of knowledge. (0-9) Provides a sufficient discussion of conclusions, implications, and consequences that reflects an integration of knowledge. (10-14) Provides a full discussion of conclusions, implications, and consequences that reflects an integration of knowledge. (15-20)
Reference list (10pts) Inadequate (0-4) Adequate (5-7) Appropriate (8-10)
Language (20pts) Uses words that are unclear, sentence structures inadequate for clarity, errors are seriously distracting (0-9) Word forms are correct, sentence structure is effective. Presence of a few errors is not distracting. (10-14) Develops concise standard English sentences, balances a variety of sentence structures effectively. Written at a higher level using complex sentences, advanced vocabulary, and error free. (15-20)
Spelling and Grammar (10pts) Writing contains frequent spelling and grammar errors which interfere with comprehension. (0-4) While there may be minor errors, the writing follows normal conventions of spelling and grammar throughout and has been carefully proof-read. (10-14) The writing is error-free in terms of spelling and grammar. (8-10)
Total points possible 300:
Mark out of 20:*
*Points attained divided by 15 equals mark out of 20