Acct6007_Assignment Brief Critical Analysis Page 1 of 6
ASSESSMENT BRIEF
Subject Code and Title ACCT6007 Financial Accounting Theory and Practice
Assessment Critical Analysis
Individual/Group Individual
Length 1500 words +/- 10%
Learning Outcomes 1. Identify the underlying social and corporate
imperatives that underlie the accounting conceptual
framework.
2. Identify the key players in Australian financial
eporting regulation and articulate the relationship
etween International Financial Reporting Standards
(IFRSs) and Australian Accounting Standards (AASs).
3. Explain the relationship between accounting theory,
the accounting conceptual framework and accounting
standards.
4. Work individually and in groups to identify and apply
appropriate accounting standards to a range of authentic
accounting scenarios.
Submission Week 9 Sunday midnight (AEST) 22nd April 2018
Weighting 20%
Total Marks 100 marks
Context:
This assignment develops research and critical thinking abilities. It is a critical
analysis
eview of an academic article.
Changes in technology are impacting accounting and how accountants perform their jobs. Is
it a threat or an opportunity for the accounting profession? AI and blockchain are few
examples.
This activity will provide students information on new trends in accounting field.
Instructions:
Download and critically analyse an academic article written by Daniel Hood XXXXXXXXXXThis
article can be found in the To
ens University li
ary using the following citation:
Acct6007_Assignment Brief Critical Analysis Page 2 of 6
Hood, D., (2018)., Brace yourself for AI & blockchain: There's less threat and more opportunity in
emerging technologies than many think. Accounting Today., Vol. 32 No. 1, pp.1&30-31, Database:
Business Source Ultimate
You may use an essay format or any other acceptable academic format for critical review. Use APA
eferencing style guide. Use minimum 10 academic references.
Answer the following questions or topics during your analysis.
1. Briefly explain Artificial intelligence and blockchain. How are they cu
ently used in accounting?
What is the potential use in accounting in the future?
2. Explain to what extent AI and blockchain will eliminate the need for accountants? You are
expected to comment on future accounting jobs and skills the accountants need to possess?
3. To what extent do you support arguments made by the author regarding AI and blockchain?
Explain your point of views and provide evidence in support of your point of views.
4. Are there any other technologies that can also have an impact on accounting field? Name and
explain at least one technology.
Academic skills resources: Assessment
ief analysis, Essay/Report writing and Critical Thinking
These resources can be downloaded from LASU - Learning and Academic Skills Unit on Blackboard
following the link:
https:
laureate-
au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id
=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1
https:
laureate-au.blackboard.com/webapps
lackboard/content/listContent.jsp?course_id=_20163_1&content_id=_2498849_1
ACCT6007_Assignment Brief Critical Analysis XXXXXXXXXXPage 3 of 6
Learning Ru
ics
Assessment
Attributes
Fail (Unacceptable)
0%-49%
Pass
(Functional)
50%- 64%
Credit
(Proficient)
65%-74%
Distinction
(Advanced)
75%-84%
High Distinction
(Exceptional)
85% - 100%
Grade Description
(Grading Scheme)
Evidence of unsatisfactory achievement
of one or more of the learning
objectives of the course, insufficient
understanding of the course content
and/or unsatisfactory level of skill
development.
Evidence of
satisfactory
achievement of course
learning objectives, the
development of
elevant skills to a
competent level, and
adequate
interpretation and
critical analysis skills.
Evidence of a good
level of understanding,
knowledge and skill
development in
elation to the content
of the course or work
of a superior quality on
the majority of the
learning objectives of
the course.
Demonstration of a
high level of
interpretation and
critical analysis skills.
Evidence of a high
level of
achievement of
the learning
objectives of the
course
demonstrated in
such areas as
interpretation and
critical analysis,
logical argument,
use of
methodology and
communication
skills.
Evidence of an
exceptional level of
achievement of
learning objectives
across the entire
content of the course
demonstrated in such
areas as
interpretation and
critical analysis,
logical argument,
creativity, originality,
use of methodology
and communication
skills.
AI and blockchain
explained
20%
Does not meet minimum standard
Did not explain co
ectly any
technology
Demonstrates no awareness of content
and/or purpose of the assignment.
Meets minimum
standard
Explained both
technology.
Demonstrates limited
awareness of content
and/or purpose of the
assignment
Moves beyond
minimum standard
Explained both
technologies well.
Demonstrates
consistent awareness
of content and/or
purpose of the
assignment.
Exceeds minimum
standard
Explained both
technologies in
depth
Demonstrates an
advanced and
integrated
understanding of
content and/or
Exceeds minimum
standard and exhibits
high levels of
independence
Explained both
technologies
thoroughly
Consistently
demonstrates a
systematic and critical
http:
www.tua.edu.au/media/50742/a240_grading-scheme.pdf
ACCT6007_Assignment Brief Critical Analysis XXXXXXXXXXPage 4 of 6
purpose of the
assignment.
understanding of
content and purpose
of the assignment.
Will technology
eliminate accounting
profession
20%
Limited understanding of required
concepts and knowledge
Key components of the assignment are
not addressed.
Knowledge or
understanding of the
field or discipline.
Resembles a recall or
summary of key ideas.
Often
conflates/confuses
assertion of personal
opinion with
information
substantiated by
evidence from the
esearch/course
materials.
Thorough knowledge
or understanding of
the field or discipline/s.
Supports personal
opinion and
information
substantiated by
evidence from the
esearch/course
materials.
Demonstrates a
capacity to explain and
apply relevant
concepts.
Highly developed
understanding of
the field or
discipline/s.
Discriminates
etween assertion
of personal
opinion and
information
substantiated by
obust evidence
from the
esearch/course
materials and
extended reading.
Well
demonstrated
capacity to explain
and apply relevant
concepts.
A sophisticated
understanding of the
field or discipline/s.
Systematically and
critically discriminates
etween assertion of
personal opinion and
information
substantiated by
obust evidence from
the research/course
materials and
extended reading.
Mastery of concepts
and application to
new
situations/further
learning.
Critical reasoning,
presentation and
defence of an
argument and/or
position
Specific position (perspective or
argument) fails to take into account the
complexities of the issue(s) or scope of
the assignment.
Makes assertions that are not justified.
Specific position
(perspective or
argument) begins to
take into account the
issue(s) or scope of the
assignment.
Specific position
(perspective or
argument) takes into
account the
complexities of the
issue(s) or scope of the
Specific position
(perspective or
argument) is
expertly presented
and accurately
takes into account
Specific position
(perspective or
argument) is
presented expertly,
authoritatively and
imaginatively,
ACCT6007_Assignment Brief Critical Analysis XXXXXXXXXXPage 5 of 6
20%
Justifies any
conclusions reached
with arguments not
merely assertion.
assignment. Others’
points of view are
acknowledged.
Justifies any
conclusions reached
with well-formed
arguments not merely
assertion.
the complexities of
the issue(s) and
scope of the
assignment.
Justifies any
conclusions
eached with well-
developed
arguments.
accurately taking into
account the
complexities of the
issue(s) and scope of
the assignment.
Limits of position are
acknowledged.
Justifies any
conclusions reached
with sophisticated
arguments.
Other technologies
impacting accounting
field.
20%
Limited analysis. No other technology
identified
Limited recommendations
Demonstrated analysis
and synthesis of new
knowledge with
application.
Identified and
explained
iefly one
other technology
Shows the ability to
interpret relevant
information and
literature.
Well-developed
analysis and synthesis
with application of
ecommendations
Identified and
explained sufficiently
one other technology
Thoroughly
developed and
creative analysis
and synthesis with
application of
pretested models
and
ecommendations
Identified and
explained
iefly at
least 2 other
technologies
Highly sophisticated
and creative analysis,
synthesis