Acct 5030 Assignment S1 2015(1).docx
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This assignment focuses on the discussion of accounting for intangibles and critique of the accounting policies adopted by your selected company. Your task is to prepare the assignment in report format based on your assessment. A list of Australian listed companies is available on Blackboard. A format of the report is provided in Appendix 1. The details of your task and requirements are shown as follows. A. General requirements 1. This assignment is worth 20%. You are to complete the assignment in pairs. Individual assignments will NOT be accepted. 2. The report must be done in a Word document and should NOT exceed 1,500 words, excluding references and appendices using 1.5 spacing and font at least equal to Calibri 12, or Times New Roman 12 or Arial 11. 3. A handwritten assignment will NOT be accepted. B. Submission Requirements 1. Both students need to include their name and student id on the assignment and any cover sheet attached to it. Assignments will need to be placed in your lecturer’s mail box AND submitted electronically via Blackboard. 2. The deadline for the assignment is 2pm, 14 May 2015. 3. Supporting documentation must be included as an appendix with your electronic version. A hard copy of these documents is not required. o A copy of examples of intangible(s), and CPA Financial Accounting (ACCT 5030) Assignment Semester 1, 2015 Curtin Business School
Transcript of Acct 5030 Assignment S1 2015(1).docx
CP2
Curtin Business School
School of Accounting
CPA Financial Accounting (ACCT 5030)
Assignment
Semester 1, 2015
This assignment focuses on the discussion of accounting for intangibles and critique of the accounting policies adopted by your selected company. Your task is to prepare the assignment in report format based on your assessment. A list of Australian listed companies is available on Blackboard. A format of the report is provided in Appendix 1.
The details of your task and requirements are shown as follows.
A. General requirements
1. This assignment is worth 20%. You are to complete the assignment in pairs. Individual assignments will NOT be accepted.
2. The report must be done in a Word document and should NOT exceed 1,500 words, excluding references and appendices using 1.5 spacing and font at least equal to Calibri 12, or Times New Roman 12 or Arial 11.
3. A handwritten assignment will NOT be accepted.
B. Submission Requirements
1. Both students need to include their name and student id on the assignment and any cover sheet attached to it. Assignments will need to be placed in your lecturers mail box AND submitted electronically via Blackboard.
2. The deadline for the assignment is 2pm, 14 May 2015.
3. Supporting documentation must be included as an appendix with your electronic version. A hard copy of these documents is not required.
A copy of examples of intangible(s), and
A copy of accounting policies for intangible(s) from your selected company.
Please be advised that a copy of an annual report is NOT acceptable.
C. Marking Criteria
The assignment will be assessed on the content, completeness of information, appropriateness of format, grammar, and spelling and other additional information deemed relevant in relation to the issues. Refer to the marking guide for the breakdown of marks (Appendix 2).
The marking guide is given to students as it is part of the requirement of the assignment that you demonstrate an understanding of how the issues should be addressed.
Appendix 1 Structure of the report 1. Introduction
The objective(s) of the report
A brief introduction of your selected company
2. Discussion of intangibles Do intangibles meet the definition set in the Conceptual Framework and why? Explain what is meant by identifiable Do intangibles pass the recognition test set in the Conceptual Framework and why?
3. Evaluation of selected company in accordance with IAS 38
A list of intangible(s)
The nature of each intangible
Discussion of accounting policies for each intangible
Discussion of accounting policies for impairment of intangibles
4. Conclusion and recommendation
5. Reference List
Provide a list of the publication details of all materials referred to in the report. More information on the Chicago referencing style can be obtained from the Curtin library website: http://libguides.library.curtin.edu.au/content.php?pid=141214&sid=1212910
6. Appendix
Please include from the chosen report, the extract text of
A copy of examples of intangible(s), and
A copy of accounting policies for intangible(s)
Appendix 2
CPA Financial Accounting (ACCT 5030)
Assignment Marking Guide (20%)
Curtin Business School
School of Accounting
Scale of 0 to 5 for each criterion where 0 = Completely inadequate/incorrect/incomplete and
5 = completely adequate/correct/complete
Criteria
0
1
2
3
4
5
TOTAL
Overall formatting for all requirements
Grammar/Spelling/Word limit
Introduction (relevant and informative)
The objective(s) of the report
A brief introduction of your selected company
Discussion of intangibles in relation to the following issues
Do intangibles meet the definition set in the Conceptual Framework and why?
Explain what is meant by identifiable
Do intangibles pass the recognition test and why?
Overall quality of discussion
Evaluation of selected company in accordance with IAS 38
A list of intangible(s)
The nature of each intangible
Discussion of accounting policies for each intangible
Discussion of accounting policies for impairment of intangibles
Overall quality of discussion
Appropriateness of conclusion
Appendix
A copy of examples of intangible(s) and accounting policies
Total marks 75 (15 items x 5)
Total score (20%) = 20 x Your marks /75
* Scale of 0 to 5 for each criterion where
0 Completely inadequate/incorrect/incomplete
1 Inadequate/incorrect/incomplete
2 Partly adequate/correct/complete
3 Adequate/correct/complete
4 Almost adequate/correct/complete
5 Completely adequate/correct/complete
