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Page 1 of 12 MAA725 – Advanced Accounting Principles and Practice Trimester T1, 2019 Assessment 1 DUE DATE AND TIME: 20 August 2019, 11:59 PM PERCENTAGE OF FINAL GRADE: 30% HURDLE DETAILS: N/A...

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MAA725 – Advanced Accounting Principles and Practice
Trimester T1, 2019
Assessment 1

DUE DATE AND TIME: 20 August 2019, 11:59 PM
PERCENTAGE OF FINAL GRADE: 30%
HURDLE DETAILS: N/A
Learning Outcome Details
Unit Learning Outcome (ULO) Graduate Learning Outcome
(GLO)
ULO 1: Explain, evaluate and apply a range of advanced
accounting theories and standards.
GLO 1
ULO 2: Identify, define and integrate to construct
explanations that can inform solutions to relevant
accounting issues.
GLO 2
ULO3: Reflect and critically examine personal actions and
esponsibilities for applying and learning theories and
standards in accounting principles and practice.
GLO 6
ULO4: Work with others effectively and provide
constructive feedback that is supportive and promotes
improvement in understanding of advanced accounting
principles and practice.
GLO 7
ULO5: Critically analyse and discuss concepts su
ounding
corporate ethical and social responsibilities within the
global.
GLO 8
Assessment Feedback:
Students who submit their work by the due date will receive their marks and feedback on
CloudDeakin on 10 September 2019. Failure to submit your work on time will affect the
assessment process for your assessment and your final result for the unit. Late submission
will incur a late penalty in assessment.
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Description / Requirements
This assignment consists of three tasks. Please complete each task by following the
equirements as below.

Task 1 (GLO 1, GLO 2 and GLO8)

Wednesday, 27 Fe
uary 2019 — Following extensive consultation, the Fourth Edition of
the ASX Corporate Governance Council’s Corporate Governance Principles and
Recommendations was released today, providing updated guidance for ASX-listed
companies reporting on corporate governance, such as culture and ethics, workplace
diversity and environmental risk.

Megan Motto, CEO, Governance Institute of Australia, said ‘……….disruptive events like
the Banking Royal Commission, the Intergovernmental Panel on Climate Change’s 2018
Report, and the National Inquiry on Workplace Sexual Harassment have highlighted the
difficulties companies have reporting on ‘non-financial’ achievements to shareholders,
and the public at large, who are increasingly demanding accountability in these areas.
………… We feel it now has a good balance between addressing wider community
expectations around corporate behaviour, and providing market-based certainty for
investors.'

Requirement
Discuss and analyse potential benefits and costs for ASX-listed companies to follow the
updated reporting guideline on corporate governance. You need to apply relevant
accounting theories in you discussion and analysis.
Your arguments for task 1 have to be supported by relevant academic refereed articles (at
least 6). You should provide evidence that you have carefully examined the literature,
understand it, and have been able to summarise its essential content by integrating these
articles into your own arguments and perspective.

Task 1 is to be completed as a Group assignment (maximum 3 people per group ,minimum 2
people).The number of words is 2,500 excluding the reference list, appendices and the
cover page. The actual word count must be stated on the cover page of the assignment.
A deduction of 1 mark from marks allocated to this task will apply if the number of words is
under by more than 10% of 2,500 words or over by more than 20% of 2,500 words. Word
limits allow the student to structure the assignment to allow for the preparation of an
informative yet succinct report. This task will ca
y 80% of the total assignment marks.

The formation of a group must be achieved by students self-enrolling into a group on
CloudDeakin. Students must be careful to choose their group members. Change to another
group is not allowed after 12th August 2019.
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You will need to do some personal research in order to complete Task1. Therefore, it is
strongly recommended students start to form the assignment group and prepare for the
assignment as early as possible.
The assignment documents MUST be typed using arial 12 font, properly referenced and
ideally 1.5 line spacing (refer to ‘Guide to assignment writing and referencing booklet) and
include a REFERENCE LIST (in alphabetical order) outlining the book(s) and any journal articles,
electronic sources etc. used. It is recommended to use the Harvard citation format. Each page
must be numbered.

Title page for Task 1:
This should be the first page (cover page) of your assignment and it must include the following
information:
• Unit code and unit name
• Name of the Unit Chair
• Group number
• Each group member’s full name, Deakin student ID number
• Number of words
• Due date. If granted a time extension, then insert the following:
‘Revised date approved by the unit-chair (show approved date)’.
Recommended Task 1 Structure

# SECTION
1 Title page
2 Introduction
3 Literature review (At least 6 academic articles)
4 Analysis and your own opinions
5 Conclusion
6 References


Task 2 (GLO 7)

All team members must complete Peer assessment forms and submit this document in the
individual dropbox (NOT IN THE GROUP ASSIGNMENT DROPBOX) before the deadline of
assignment submission. As a team member you will evaluate your other team members’
contribution to complete this assignment. The Peer assessment form can be accessed from
CloudDeakin under the “Assessment 1’ resource folder. In a very rare case where a student
completes Task 1 as an individual assignment, the student will automatically get zero for Task
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2. In some cases where not all team members submit the Peer assessment form, the team
member who has not submitted the assessment form will attract zero for this task. This task
will ca
y 10% of the total assignment marks. Please note it is an individual task.

Task 3 (GLO 6)

Write around 500 words reflecting on what you have learnt about yourself as a team member.
Reflect on your strengths and your weaknesses as a member of your team. Also provide list
of actions that you will take next time to improve your team work skill. All team members
should submit separate documents in the individual dropbox (NOT IN THE GROUP
ASSIGNMENT DROPBOX). Self-assessment forms can be accessed from CloudDeakin under
the “Assessment 1’ resource folder. Copying your own self-management statement from
other units or from the same unit at other trimesters is considered as plagiarisms. Such
ehaviour will automatically make the assignment be refe
ed to the Faculty Academic
Progress and Discipline Committee (FAPDC) at Deakin University. This task will ca
y 10% of
the total assignment marks. Please note it is an individual task.

Submission Instructions
This assignment must be submitted electronically by the due date as a Microsoft Word
document by uploading all documents to the respective assignment dropboxes, via the
MAA725 site on CloudDeakin. Specifically, when uploading your task1 assignment, the
document must be given a name using the following syntax: _your group member’s Deakin student ID numbe
_MAA725.doc (or ‘.docx’) (for example,
group001_123456789_MAA725.doc). Only one copy of the assignment per group is required
to be submitted online. All group members should separately submit Task2 and Task3
assignments to individual dropboxes. Submitting a hard copy of this assignment is not
equired.

Students who anticipate possible difficulty in lodging this assignment online (for example,
eing in a remote place on the due date with no computer access) must contact the Unit Chair
at least one week prior to the due date in order to make alternative a
angements for
submission.

Extensions can be granted for unexpected circumstances such as serious illness or for
compassionate reasons under special circumstances. Extensions can only be approved by the
Unit Chair. Requests for time extensions should be emailed to the Unit Chair AT LEAST ONE
BUSINESS DAY BEFORE (24 business hours before) the due date of submission. You will need
to provide evidence to support your request (for example, medical certificate) and a draft of
the work completed to date. No extension exists until such time as it is approved in writing
y the Unit Chair. For requests after the due date please submit your request to Special
Consideration
https:
www.deakin.edu.au/students/studying/assessment-and-results/special-onsideration
https:
www.deakin.edu.au/students/studying/assessment-and-results/special-onsideration
Page 5 of 12



Work or holidays or other assignments are NOT grounds for an extension – you are expected
to manage these issues as part of your studies. You are strongly encouraged to start early and
to continually backup your assignment as you progress. Computer crashes or co
upted files
will NOT be accepted as valid reasons for an extension of any length.


• Turnitin
Please review the section on ‘Plagiarism’ in the Unit Guide for MAA725 and on the
CloudDeakin site for this unit. You need to check that your assignment does not contain
plagiarism. This is done automatically when submitting your assignment to the dropbox
which uses Turnitin, which checks your assignment for plagiarism and generates an
originality report that you can use to be confident that your assignment does not contain
plagiarism. For example, Turnitin will tell us (but tell you first) the extent to which your work
has copied material from others without appropriate recognition through referencing. If this
is excessive you will lose marks or you may not receive any marks, or you may have some
form of disciplinary action taken if the issue is severe. So you have an opportunity to submit
an unmarked draft copy of your assignment to Turnitin and then take appropriate action to
amend your report before final submission.

Therefore it is advisable that you check your assignment for plagiarism by uploading it to
Turnitin at least more than 4 days prior to the due date. This is because it might take a few
days or longer before you receive your originality report. Then, you might need some time
to make adjustments to your assignment and upload it again to Turnitin if need be.

Note that uploading your assignment to Turnitin via the prescribed link in the
Answered Same Day Aug 03, 2021 MAA725 Deakin University

Solution

Arundhati answered on Aug 06 2021
141 Votes
Accounting principle and practices
Table of Contents
Tag 2    3
Potential benefits for ASX-listed companies    3
Cost for ASX-listed companies    4
Tag 3    4
Relevant accounting theories    4
References    6
Tag 2
Potential benefits for ASX-listed companies
ASX-listed companies have different types of benefits and these are listed below:
· It helps the company to expand their business for getting more profit from the business and it helps for acquiring or setting up new business. The acquisition finance that means the part of various sources from where, the capital of business is used for funding. ASX helps the companies to acquire this fund (Lewis, 2017).
· It allows to enable already exist stakeholders for realising value of company’s actual holding and deal their assets with cu
ent market. It provides facility to allow the company for selling or purchasing their product in market very quickly without any changing in their asset’s price. It helps to show how the company makes their business between cost price and sale price. It removes liquidity problem for company.
· For increasing the security holder’s strength as well as their variety, listing of ASX plays a vital role.
· With the help of ASX listing, market provides company’s valuation of third party. If the company get third part valuation then it is more beneficial for them because they get fair and reasonable price for their business. The third part can protect business and any transaction of business.
· The company can improve their customer recognition and reputation in market if they are listing on ASX. It is allowing to enhance the profile of investor for company.
· It enables each employee and management of company for realising the value of new and old employee and it shares the government schemes with them (Xiong et al., 2019).
· For raising the company profile to investors such as professional and institutional both, ASX helps the company.
· Those companies who have listing on ASX, get facility to keep their position at top 15 companies in the worlds and it helps the companies to attract international investors for expand their business over the world.
· It...
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