Accounting Theory Assessment Type: Group assignment

Melbourne Institute of Technology Pty Ltd CRICOS Provider No: 01545C, 03245K NSW Assessment Details and Submission Guidelines Course Name: Bachelor of Business Unit Code: BA302 Unit Title: Accounting Theory Assessment Type: Group assignment (Written Report) Assessment Title: Group assignment (Written Report) Purpose of the assessment The purpose of this assignment is to assess the following Learning Outcomes: c. Evaluate different accounting theories and their implication in policy choice by managers. d. Explain the Conceptual Framework and apply it to accounting activities, and identify strategies to meet accounting issues and problems. e. Develop an ethical and social perspective on the use of accounting information. Weight: 30 percent Total Marks: 60 marks Word limit 2500 words Release Date: Week 6 Due Date: Week 11 (31 January 2018 at 1 PM) Submission Guidelines: ï‚· This assignment should be completed in groups of three. ï‚· All work must be submitted via Turnitin by the due date along with a completed Assignment Cover Page. ï‚· The assignment must be in Ms Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. ï‚· Reference sources must be cited in the text of the report, and listed appropriately at the end in a reference list using APA referencing style. Extension ï‚· If an extension of time to submit work is required, a Special Consideration Application must be submitted directly to the School’s Administration Officer, in Melbourne on Level 6 or in Sydney on Level 7. You must submit this application three working days prior to the due date of the assignment. Further information is available at: http://www.mit.edu.au/about-mit/institutepublications/policies-procedures-andguidelines/specialconsiderationdeferment2 Assignment Cover Sheet Student ID Number/s: Student Surname/s: Given name/s: Course: School: Unit code: Unit title: Due date: Date submitted: Campus: Lecturer: Tutor: All work must be submitted via Turnitin by the due date. If an extension of time to submit work is required, a Special Consideration Application must be submitted. Further information is available at: http://www.mit.edu.au/about-mit/institute-publications/policies-procedures-andguidelines/specialconsiderationdeferment Academic Misconduct Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at: http://www.mit.edu.au/aboutmit/institute-publications/policies-procedures-and-guidelines/Plagiarism-Academic-MisconductPolicy-Procedure. For further information please refer to the Academic Integrity Section in your Unit Description. Student Declaration I/We declare that:  the work contained in this assignment is my/our own work/group work, except where acknowledgement of sources is made;  certify that this assessment has not been submitted previously for academic credit in this or any other course;  I/we have read the MIT’s Plagiarism and Academic Misconduct Policy Procedure, and I/we understand the consequences of engaging in plagiarism;  a copy of the original assignment is retained by me/us and that I/we may be required to submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request; I/we have not plagiarised the work of others or participated in unauthorised collaboration when preparing this assignment. Student Signature: Date: Group member 1: Group member 2: Group member 3:3 1. Preamble The total marks available for this assessment task are 60 marks. It requires you to: (i) directly address two parts, each worth 20 marks (see Sections 3 and 4), and (ii) to do so with ‘Academic Quality’, worth 20 marks (see Section 2, Item 4 and Section 5 Assignment Marking Rubric). 2. Instructions 1. Obtain the annual report of a top 200 ASX listed company that has published a corporate sustainability report (CSR). [I.e., this is called your ‘Company A’]. You will need the annual report of Company A to do both Part 1 and Part 2 of this assignment. 2. Obtain the annual report of a top 200 ASX listed company the in the same Industry Group as your Company A. [I.e., this is called your ‘Company B’]. You will need the annual report of Company B to do Part 1 of this assignment. 3. No group is allowed to select the same two companies, Therefore, the choice of your two companies must be approved by your lecturer. 4. In terms of ‘Academic Quality’ (worth 20 marks out of 60 marks), this assignment must be written/structured in the form of a ‘business report’. That is, it must have a/an; (i) Executive summary (between 100 to 200 words), (ii) Introduction that succinctly outlines the core business activities of your selected/approved companies (no more than 200 words), (iii) Body that addresses all the requirements for both Parts below (no more 1800), (iv) Conclusion that sums up the mains issues of Part 1 and Part 2 of this assignment, and (v) Reference list containing all cited works. (iv) Proper English Grammar, Appearance. 3. Part 1; Accounting Policies (20 marks) For your selected/approved Companies A and B, refer to their notes to the financial statements pertaining to (i) accounting policies and (ii) property, plant and equipment as disclosed in the statement of financial position. Required (a) For both of your two selected/approved companies, describe the measurement and disclosure components of policy for accounting for each class of property, plant and equipment. (5 marks) (b) Compare the accounting policies for accounting for each class of property, plant and equipment used by your selected/approved companies. (5 marks)4 (c) Drawing on theories explored in Chapter 2 of the prescribed textbook, explain whether all companies should be required to use identical accounting policies? (10 marks) 4. Part 2; Sustainability Reporting (20 marks) For your selected/approved Company A only (i.e., with the CSR), address the following three issues: (a) Company A’s governance mechanisms in place on the board of directors to address sustainability. (3 marks) (b) How Company A links sustainability to its risk management systems. (3 marks) (c) Any guidance Company A used in implementing environmental and social performance and reporting systems. (4 marks) (d) Comment on the practice of CSR voluntary disclosure by Australian listed companies. Discuss how CSR voluntary disclosure varies across different companies and industries/sectors. Your response must make reference to at least three academic journal articles. (10 marks)5 5. Assignment Marking Rubric The following summarizes the key marking criteria that will be used to assess how you have addressed the assignment requirements of (i) Part 1, (ii) Part 2 and (iii) ‘Academic Quality’ (see above under Instructions, Item No. 4). Criteria Marks (i) Part 1 Accounting Policies (a) For both of your two selected/approved companies, describe the measurement and disclosure components of policy for accounting for each class of property, plant and equipment. /5 (b) Compare the accounting policies used by your selected/approved companies. /5 (c) Drawing on theories explored in Chapter 2 of the prescribed textbook, explain whether all companies should be required to use identical accounting policies? /10 (ii) Part 2 Sustainability Reporting (a) Company A’s governance mechanisms in place on the board of directors to address sustainability. /3 (b) How Company A links sustainability to its risk management systems. /3 (c) Any guidance Company A used in implementing environmental and social performance and reporting systems. /4 (d) Comment on the practice of CSR voluntary disclosure by Australian listed companies. Discuss how CSR voluntary disclosure varies across different companies and industries/sectors. Your response must make reference to at least three academic j
ournal articles. /10 (iii) Academic Quality Report layout and content (i.e., Executive summary, Introduction, Body, Conclusion), Report appearance, English Grammar, References. /20 TOTAL /60 As a general guide, the following will be applied to marks allocated: Met requirement to an excellent level. Met requirement to a very good level. Met requirement to a good level Met requirement to a satisfactory level Did not met requirement Maximum possible marks allocated 80 to 100% 70 to 79% 60 to 69% 50 to 59% 0 to 49%

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