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Assessment 2 Information
Subject Code: ACC303
Subject Name: Company Accounting
Assessment Title: Individual Assignment
Assessment Type:
A 4 page MEMO with part A of Technical Skills
and Part B of Writing Skills
Word Count: 1200 Words (+/-10%)
Weighting: 20%
Total Marks: 20
Submission: Via Turnitin
Due Date: Week 9
Assessment Information
Subject Code: ACC 303
Subject Name: Company Accounting
Assessment Title: Individual Assignment
Weighting: 20% comprising
(Technical 10% and Professional Competencies 10%)
Due date: Monday of Week 9 by 3:55 pm AEST/ AEDT – Students in Adelaide and Brisbane
please make sure you adjust for the time differences.
Assessment Description
Submission: The written assignment should be submitted electronically through the student
portal – using the appropriate link.
ACC 303: Learning Outcome 4 – Develop written and oral communication strategies to
enable the effective presentation of accounting information to accountants and
non-accountants.
Required: This is an individual assignment and you need to address the issues noted in the
assignment details, and Write a memorandum to the Board of Directors (the
members of the Board have varying degrees of accounting knowledge or
understanding) as noted in the assignment details.
Assignment Components
Part A: Technical Component (10%) - This mark covers the technical content of your
advice and the explanation on each of the issues, the calculations and the
sources and references used and the format of the memo.
Part B: Communication Skills (10%) – This mark covers the writing skills of the student.
Please make sure you follow the guidelines/ policies relating to the
presentation of the written work, late policy and academic integrity.
Please familiarise yourself with the assessment marking ru
ic to guide you in
how you can score marks. The assignment ru
ic is a separate document and
you are advised to read through it to obtain guidance on how the lecturers will
mark your assignment.
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Details of the Assignment
Select Company: You will select a set of Financial Report of an ASX Listed Company and obtain
approval from your lecturer for the Group of Companies that you have selected.
Please note that no two individuals may work on the same Group of Companies,
so if another individual has already registered their interest in a particular
Group of Companies, you will be advised to select a different Group of
Companies.
Read the Annual Report including the financial statements of the Group and
write a Memorandum to the Board of Directors clearly explaining some of the
technical aspects of consolidation. Make sure you draw on the company’s
specific details to explain the intricacies of consolidation to the Board and as
much as possible avoid answering in general terms.
Please make sure that your assignment is in a MEMO Format – A Report format
will not be marked.
The assignment must have at least 5 references.
The MEMO should be no more than 1200 words. Do not use
the cover sheet. Submissions that exceed the word limit by
more than 10% will cease to be marked from the point at
which that limit is exceeded.
Some of the aspects that you need to cover in your assignment are (but not restricted to):
1. Why did the parent entity have to prepare consolidated financial statements when the subsidiary company is a
separate legal entity in its own right?
2. Does the published set of group financial statements reveal the company’s policy on corporate governance,
Audit committees, Sustainability, Solvency? Does it reveal these issues and if so where and why?
3. Has there been any goodwill on the acquisition? Or any gain on bargain purchase? Where would you find it in
the financial statements and what does it mean? Any impairment?
4. Any other relevant matter that you may wish the Board of Directors to make note of in respect of some
transaction or event, the balance of account or disclosure that will assist them in understanding the financial
statements of the group.
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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/cu
ent-students/student-policies/.
Word Limits for Written Assessment
The MEMO should be no more than 1200 words. Do not use the cover sheet. 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
esources on the MyKBS Academic Success Centre page. Click here for this information.
http:
www.kbs.edu.au/cu
ent-students/student-policies
https:
elearning.kbs.edu.au/course/view.php?id=1481