Financial Accounting & Reporting 1
Financial Accounting & Reporting 1ACCM 4600 PART 1 ADDITIONAL INSTRUCTIONS
Please note that the word limit for Part-1 of your assignment is 1000 words
Note below the requirements for part-1 of the assignment:
1. Read the case study and answer the following questions:
a) What is the purpose of your report?
b) What is the audience for your report?
c) What are the (key) decisions to be made?
d) What information would help you to make these decisions?
e) Which information sources are most likely to hold this information?
f) When you search for relevant information (in a database for example) what keywords will / are you using?
2) Identify 10 sources relevant to the project (e.g. journal articles, textbooks, websites etc.)
3) Complete a source analysis on 3 of the 10 sources with full bibliographic references.
4) Provide a full plan of main and sub headings of the report (include appropriate numbering).
For requirement 3 you cannot use the IASB Exposure draft ED/2015/3 “Conceptual framework for financial reporting” (May 2015) and the associated basis for conclusions document. Rather you must search for sources yourself. These basic documents are now posted on the portal. You also must follow the format as provided in the source analysis template.
Please refer to the guidance given in the workshop 1 lecture and in the other documents regarding the report format (for example including a letter of transmittal
Please note that this assessment task has been designed to measure subject learning outcomes 1 and 4.
LO1: Research and argue a position in regard to a contemporary issue in the accounting profession.
LO4: Evaluate the different areas of accounting research, positive accounting theory, capital market research, behavioural research in accounting and emerging issues.
The assignment assesses the following outcomes:
- Your knowledge and your ability to research the issues outlined
- Your ability to selectively apply the information appropriately to the given scenario
- Your ability to use judgement correctly in selecting and designing an appropriate response with suitable references.
- Professional Competency Skills – Communication skills: report writing skills
Overall Marks – Assessment 1: Individual Research Assignment
| Summary: | Marks Awarded | Marks Available | |
| Part 1 | Evaluating information resources and research plan | 10.00 | |
| Part 2 | Final Business Report: (separate rubrics) | ||
| (A) | Business report technical content | 30.00 | |
| (B) | Business report format, language and presentation | 10.00 | |
| ASSESSMENT 2 – ASSIGNMENT | 50.00 |
The assessment rubrics below set out the specific criteria that will be used to assess this task and descriptions of different levels of achievement for those criteria. The different levels of achievement for each criterion have a range of marks attached.
To improve your performance it is helpful to;
- review the indicators in the rubrics and make sure you understand these in terms of marker expectations
- review marker feedback on your assessments
- review the relevant topics.
In reviewing the topics:
- look in detail at relevant examples
- review relevant learning activities
- review required readings and further resources.
Name: Student ID:
Part 1: Report Plan 10%
| CRITERIA | High Distinction 85 – 100% |
Distinction 75 – 84% |
Credit 65 – 74% |
Pass 50 – 64% |
Fail 0 – 49% |
Mark Awarded |
| Planning questions
2 marks
|
Comprehensive and insightful understanding of audience and appropriate content | Thorough understanding of audience and appropriate content
|
Clear understanding of audience and appropriate content | Some understanding of audience and appropriate content | Little understanding of audience and appropriate content | |
| Source selection and source analysis
6 marks
|
Sources chosen are highly relevant to the topic;
All sources are from credible, materials Source analysis succinctly and comprehensively describe the source material; Annotations offer great insight into the source material Evaluation clearly explains why the sources were chosen; Each sources has a proper citation; Virtually free from mechanical, grammatical, punctuation, and spelling errors; All of the assignment requirements were met |
Most sources chosen are relevant to the topic;
Most sources are from credible, materials Most source analyses are succinct; Most comprehensively describe the source material; Some offer insight into the source material Most evaluations explain why the sources were chosen; Most sources have proper citation; Occasional minor errors do not distract the reader; the majority of assignment requirements were met |
Some sources chosen are relevant to the topic
Some sources are from credible, materials Some sources analyses may be too short or too long; Annotations adequately describe the source material, but lack insight Evaluation sometimes explains why the sources were chosen Some sources have proper citation; Some significant errors are present, but the overall meaning is clear; about half of the assignment requirements were met |
Few sources chosen are relevant to the topic;
Few sources are from credible, materials Few source analyses meet the length requirements, few annotations adequately describe the source material; annotations offer little insight Evaluation mostly lacking in explaining why the sources were chosen Few sources have a proper citation; Errors are distracting, but the meaning is still clear; only some of the assignment requirements were met |
Sources are not relevant to researcher’s topic
Sources lack credibility Most source analyses are either too short or too long; Annotations do not describe the source material; annotations offer no insight Evaluation does not explain why the sources were chosen Very few sources have a proper citation; Errors distract the reader, to the extent the meaning is unclear; the assignment requirements were not met |
|
| Report plan headings
2 marks
|
Headings reflect all report sections
Headings show comprehensive coverage of all key aspects of topic and fully reflect audience informational needs Headings are logically structured Headings reflect scope of report |
Headings reflect all report sections with minor exceptions
Headings show thorough coverage of topic and reflect audience informational needs Headings are logically structured with minor exceptions Headings reflect scope of report with minor exceptions |
Headings reflect all report sections with some exceptions
Headings show good coverage of topic and reflect audience informational needs with minor exceptions Headings are logically structured with some exceptions Headings reflect scope of report with some exceptions |
Headings reflect some report sections
Headings show coverage of some aspects of topic and reflect audience informational needs with significant exceptions Heading structure not logical Headings reflect scope of report with significant exceptions |
Headings do not reflect the sections of a business report
Headings omit coverage of key aspects of topic and are likely to result in a report that does not reflect audience informational needs Heading structure not logical Headings are likely to result in a report that does not meet the scope of the project |
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