BO1COAC318 Corporate Accounting

ASSESSMENT BRIEF

COURSE: Bachelor of Business / Bachelor of Accounting
Unit:	Corporate Accounting
Unit Code:	BO1COAC318
Type of Assessment:	Individual Business Report
Length/Duration:	2000 words
Course Learning Outcomes addressed:	1. To demonstrate knowledge of broad business principles with depth of understanding of at least one business discipline To develop effective oral and written communication skills 2. To develop the skills to demonstrate a broad understanding of business principles and demonstrate depth in at least e 3. To develop the skills to allow the acquisition and synthesising of information within a complex professional setting 4. To develop and apply skills in critical thinking, complex problem solving and decision making 5. To develop and apply knowledge of the social, economic, ethical and cultural contexts of business 6. To develop and apply an understanding of independent as well as group learning
Unit Learning Outcomes addressed:	1. Demonstrate an understanding of the concepts and theoretical frameworks of Company Accounting with Accounting standards 2. Explain the purpose, content, format and practical applications of the requirements pertaining to a range of key areas of corporate accounting practices. 3. Analyse and interpret issues relating to accounting for companies 4. Develop and critically analyse the contextual and theoretical aspects of accounting for groups 5. Implement the accounting standards of Corporate accounting for Share capital, Leases and company tax 6. Apply the accounting standards for group of entities, Business combination and consolidation 7. Apply the Principle of Fair value cash flow statement and Impairment Loss
Assessment Task:	Business reports are practical learning tasks where students apply the theories they have been studying to real world situations. The students are required to select a topic or work on a topic provided by the lecturer, collect information (Primary and/or secondary) or work on the information provided by the lecturer, and prepare a report describing a business problem or incident.
Total Mark:	20 marks
Weighting:	20%
Students are advised that any submissions past the due date without an approved extension or without approved extenuating circumstances incurs a 5% penalty per calendar day, calculated from the total mark E.g. a task marked out of 40 will incur a 2 mark penalty per calendar day. More information, please refer to (Documents > Student Policies and Forms > POLICY – Assessment Policy & Procedures – Login Required)

ASSESSMENT DESCRIPTION:

This assessment is designed to assess the students’ ability to research and analyse accounting standards, and interpret how to apply relate corporate accounting concepts to various scenarios. It evaluates students’ problem solving and researching skills and enables them to communicate the financial affairs of a company. The assignment is consist of 2 sections; the theory section which assesses the researching skills and case study section with complex calculations which allows the students to apply relevant accounting standards to the real life case.

ASSESSMENT SUBMISSION:

The assignment must be submitted online in Moodle. All materials MUST be submitted electronically in Microsoft Word format. Other formats (e.g., pdf or MAC file) may not be readable by markers. Please be aware that any assessments submitted in other formats will be considered LATE and will lose marks until it is presented in MS Word. No paper based or hardcopy submission will be accepted.

MARKING GUIDE (RUBRIC):

Marking Criteria.	Fail	Pass	Credit	Distinction	High Distinction	Mark
presentation/10	missing or incomplete (0 marks)	Low level Apprentice: demonstrates a developing understanding (4 marks)	Average level Proficient: demonstrates accomplishment that shows understanding (6 marks)	Good level Distinguished: well developed demonstrates good understanding (8 marks)	Excellent level Exemplary: demonstrates complete understanding (10 marks)	/10
Proper referencing- number of references /10	missing or incomplete (0 marks)	Low level Apprentice: demonstrates a developing understanding (4 marks)	Average level Proficient: demonstrates accomplishment that shows understanding (6 marks)	Good level Distinguished: well developed demonstrates good understanding (8 marks)	Excellent level Exemplary: demonstrates complete understanding (10 marks)	/10
Information Analysis /30	missing or incomplete (0 marks)	Low level Apprentice: demonstrates a developing understanding (10 marks)	Average level Proficient: demonstrates accomplishment that shows understanding (15marks)	Good level Distinguished: well developed demonstrates good understanding (20 marks)	Excellent level Exemplary: demonstrates complete understanding (30 marks)	/30
Relevant Calculation /30	missing or incomplete (0 marks)	Low level Apprentice: demonstrates a developing understanding (10 marks)	Average level Proficient: demonstrates accomplishment that shows understanding (15 marks)	Good level Distinguished: well developed demonstrates good understanding (20 marks)	Excellent level Exemplary: demonstrates complete understanding (30 marks)	/30
Supported conclusions and justified recommendations /20	missing or incomplete (0 marks)	Low level Apprentice: demonstrates a developing understanding (5 marks)	Average level Proficient: demonstrates accomplishment that shows understanding (10 marks)	Good level Distinguished: well developed demonstrates good understanding (15 marks)	Excellent level Exemplary: demonstrates complete understanding (20 marks)	/20
					Total	/100

GENERAL NOTES FOR ASSIGNMENTS

Assignments should usually incorporate a formal introduction, main points and conclusion, and will be fully referenced including a reference list.

The work must be fully referenced with in-text citations and a reference list at the end. We strongly recommend you to refer to the Academic Learning Skills materials available in the Moodle. For details please click the link http://moodle.kent.edu.au/kentmoodle/course/view.php?id=5 and download the file “Harvard Referencing Workbook”. Appropriate academic writing and referencing are inevitable academic skills that you must develop and demonstrate.

We recommend a minimum of FIVE references, unless instructed differently by your lecturer. Unless specifically instructed otherwise by your lecturer, any paper with less than FIVE references may be failed. Work that includes sources that are not properly referenced according to the “Harvard Referencing Workbook” will be penalised.

Marks will be deducted for failure to adhere to the word count – as a general rule you may go over or under by 10% than the stated length.

GENERAL NOTES FOR REFERENCING

High quality work must be fully referenced with in-text citations and a reference list at the end. We recommend you work with your Academic Learning Support (ALS) site (http://moodle.kent.edu.au/kentmoodle/course/view.php?id=5 ) available in Moodle to ensure that you reference correctly.

References are assessed for their quality. You should draw on quality academic sources, such as books, chapters from edited books, journals etc. Your textbook can be used as a reference, but not the lecturer notes. We want to see evidence that you are capable of conducting your own research. Also, in order to help markers determine students’ understanding of the work they cite, all in-text references (not just direct quotes) must include the specific page number/s if shown in the original. Before preparing your assignment or own contribution, please review this ‘YouTube’ video by clicking on the following link: Plagiarism: How to avoid it

P LAGIARIS M : H OW TO AVOID I T

You can search for peer-reviewed journal articles, which you can find in the online journal databases and which can be accessed from the library homepage. Wikipedia, online dictionaries and online encyclopaedias are acceptable as a starting point to gain knowledge about a topic, but should not be overused – these should constitute no more than 10% of your total list of references/sources. Additional information and literature can be used where these are produced by legitimate sources, such as government departments, research institutes such as the NHMRC, or international organisations such as the World Health Organisation (WHO). Legitimate organisations and government departments produce peer reviewed reports and articles and are therefore very useful and mostly very current. The content of the following link explains why it is not acceptable to use nonpeer reviewed websites: Why can't I just Google? (thanks to La Trobe University for this video).

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