Assessment 3 Information
Subject Code: ACC301
Subject Name: Accounting Theory and Contemporary Issues
Assessment Title: Assessment 3 - Individual Assignment
Assessment Type: Written report (15%) and Video Presentation (5%)
Word Count: 1000 Words (+/-10%)
Weighting: 20 %
Total Marks: Written report (30 marks) + Video Presentation (10 marks) = 40 marks
Submission: Written report via Turnitin and Video Presentation via Moodle
Due Date: Monday of Week 10 at 15:55 AEST
Your Task
Answer the questions below, in a maximum of 1000 words. All your answers must be supported by minimum two additional references and where appropriate with examples.
You are also required to deliver a 3-minute video presentation where you summarise your findings of your written report.
Assessment Instructions
• This is an individual assignment. Any work which has been copied or shared between students will result in a fail grade for all students concerned. So please make sure your answers are your own work and referenced correctly.
• Please follow the marking rubric outlined below (p. 4) as you answer each question.
• Please make sure you follow the guidelines noted below (p.3), relating to presentation, late policy, and academic integrity.
Assessment Description
Written Report (15%)
Refer to the following IASB web pages and documents and any other sources of relevance (minimum two other sources) to help you answer the questions below:
http://www.ifrs.org/-/media/project/conceptual-framework/exposure-draft/published-documents/ed- conceptual-framework.pdf
http://www.ifrs.org/-/media/project/conceptual-framework/exposure-draft/published-documents/ed- conceptual-framework-basis-conclusions.pdf
http://www.ifrs.org/-/media/project/conceptual-framework/current-stage/conceptual-frameworksummary-of- tentative-decisions.pdf
1) In your own words, explain why measurement has an essential role in accounting. (5 Marks)
2) Provide a brief discussion in your own words to the measurement model currently adopted by the accounting standard setters, including reasons why they have adopted such a model, together with issues associated with this model. (5 Marks)
3) Using your own words, explain the reasons that prompted accounting standard setters to consider (adoption of) a single measurement base model. (5 Marks)
4) In your own words, explain which measurement base, historical cost or fair value, would provide the most relevant and reliable accounting information in practice? Justify your answer. (5 Marks)
Video Presentation (5%)
You are required to deliver a 3-minute video presentation which takes the audience on a journey that chronicles the section of your written report.
Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties?
How can I appeal my grade?
Click here for answers to these questions:
http://www.kbs.edu.au/current-students/student-policies/.
Word Limits for Written Assessments
Word limits are 1000 words (max.)
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information.
Assessment Marking Guide
Assignment Marking Rubric: 15% Written Report
Criteria High Distinction 85 – 100% Distinction
75 - 84%
Credit
65 – 74%
Pass
50 – 64%
Fail
0 – 49%
Mark
Awarded
Technical content
20 Marks
The answer clearly identifies and addresses all the technical
issues raised & provides clear, correct & decisive answers displaying an outstanding
understanding of each of the technical issues.
Shows evidence of further research & justifies answers with highly relevant sources and examples.
The answer clearly identifies and addresses most of the
technical issues raised and provides clear, correct, and
decisive advice displaying a
good understanding of most of the technical issues.
Shows evidence of further research & justifies answers with mostly relevant sources and/or examples.
The answer clearly identifies & addresses some of the technical issues raised and provides
reasonably clear, correct, and decisive answers displaying a
reasonably good understanding of some of the questions.
Shows reasonable evidence of further research & justifies answers with some relevant sources and/or examples.
The answer identifies and addresses some of the technical
issues raised and provides fairly clear, but not always correct
and/or decisive advice. It displays a reasonable understanding of some of the questions.
Shows reasonable evidence of further research & justifies
answers with some relevant
sources and/or examples.
The answer does not identify or address the technical issues
raised. It displays a lack of
understanding of some or most of the technical issues raised.
Shows no or very poor evidence of further research & justifies answers with no or very poor sources and examples.
Language, presentation
& reference
10 Marks
Sentences and paragraphs are well structured and clear.
Vocabulary is professional, appropriate, and extensive.
Grammar, spelling, and punctuation are flawless.
Document professionally presented in terms of KBS guidelines.
Intext referencing and reference list format correct.
Sentences and paragraphs are well structured and clear with minor exceptions.
Vocabulary is professional and appropriate.
Grammar, spelling, and punctuation are good.
Document professionally presented in terms of KBS guidelines.
Intext referencing and reference list format correct with minor exceptions.
Sentences and paragraphs are mainly well structured.
Vocabulary is comprehensive.
Few errors in grammar, spelling, and punctuation.
Document professionally presented in terms of KBS guidelines with few exceptions.
Intext referencing and reference list format correct with some errors.
Sentences and paragraphs are readable but with grammatical errors.
Vocabulary is limited.
Document professionally presented in terms of KBS guidelines with significant exceptions.
Intext referencing and reference list format contains significant errors.
Many grammatical, vocabulary and spelling errors.
Document poorly presented and many aspects do not comply with KBS guidelines.
Intext referencing and reference list format mainly incorrect.
TOTAL MARKS AWARDED
(out of 30 marks)
ACC301 Accounting Theory & Contemporary Issues Individual Assignment 4