HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
HI5020 Corporate Accounting Group Assignment T3 2019
Assessment Details and Submission Guidelines
Trimester T3 2019
Unit Code HI5020
Unit Title Corporate Accounting
Assessment Type Individual Assignment
Assessment Title Raising funds for corporate operations and liabilities, provisions, contingent liabilities
and contingent assets. Measurement Basis for Assets.
Purpose of the
assessment (with ULO
Mapping)
This assignment aims at developing a clear understanding of students on different
sources of funds used
aised by companies. They will need to identify different sources
of fund used by two selected companies, discuss the evolution of the sources of fund
used by the selected companies over a period of 5 years. They will have to relate the
elative merits of different sources of funds used by the selected companies and shed
lights on why the selected companies are using different sources of fund differently.
Students will also have to summarise the key concepts under the AASB 137 ‘Provisions,
Contingent Liabilities and Contingent Assets and identify use of this standard by the
selected companies. Students will have to identify all different categories of assets
ecorded by the selected companies and examine the measurement basis used by the
company for each class of assets. (ULO 1, 2, 4, 5, 6, 7).
Weight 40 % of the total assessments (Written assignment 30 % + Presentation 10 percent)
Total Marks Written assignment 30 marks + Presentation 10 marks
Word limit 3,000 words ± 500 words
Due Date Assignment submission: Final Submission of individual Assignment: 11:59 pm Friday,
Week 10
Late submission incurs penalties of five (5) % of the assessment value per calendar day
unless an extension and/or special consideration has been granted by the lecturer
prior to the assessment deadline.
Submission
Guidelines
ï‚· All work must be submitted on Blackboard by the due date along with a completed
Assignment Cover Page.
ï‚· The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cm
margins on all four sides of your page with appropriate section headings and page
numbers.
ï‚· Reference sources must be cited in the text of the report, and listed appropriately
at the end in a reference list using Harvard referencing style.
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HI5020 Corporate Accounting T3 2019
Assignment Specifications
Purpose:
This assignment aims at developing a clear understanding of students on different sources of funds
used
aised by companies. They will need to identify different sources of fund used by two selected
companies, discuss the evolution of the sources of fund used by the selected companies over a period of 3
years. They will have to relate the relative merits of different sources of funds used by the selected companies
and shed lights on why the selected companies are using different sources of fund differently. Students will
also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent
Assets and identify use of this standard by the selected companies. Students will have to identify all different
categories of assets recorded by the selected companies and examine the measurement basis used by the
company for each class of assets.
Assessment task:
Collect the latest annual reports of Two (2) ASX listed companies for the last 3 financial years. Based on your
collected annual reports, do the following tasks:
(i) Identify the different sources of fund that have been used by your selected companies.
(ii) Examine the evolution of the sources of fund used by the company over the last three financial
years with specific focus on the changes of different sources of funds.
(iii) Identify the percentage of the fund that is internally generated and the percentage of the fund
that is externally generated for each selected company.
(iv) Explain the relative merits and shortcomings of the different sources of fund used by your selected
companies.
(v) Critically examine different types of liabilities shown in the balance sheet of your selected
companies? Identify which ones of the liabilities are interest bearing and which ones are not
interest is bearing.
(vi) Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and
Contingent Assets.
(vii) Identify if your selected companies have made any reference to this particular standard (AASB
137) in their annual reports.
(viii) Identify all different categories of assets recorded by the selected companies.
(ix) Critically examine the measurement basis used by the company for each class of assets recoded
y the selected companies.
Assignment Structure should be as the following:
Abstract - One paragraph
List of Content
Introduction
Body of the assignment with detailed answer on each of the required tasks
Summary/Conclusion
List of references
…..
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HI5020 Corporate Accounting T3 2019
Instruction for video presentation:
Based on your written assignment you will have to make a summary video presentation at a length of 10
minutes. Your presentation should explain the assignment tasks and your key findings. You will have to upload
the presentation in You Tube and submit the you tube link at Blackboard so that the marker can watch and
mark your presentation. Your presentation will be marked based on the following criteria:
Presentation Style (3
marks)
Content (4 marks) Clarity of the presentation
(3 marks)
Excellent XXXXXXXXXX
Very good XXXXXXXXXX1.75
Good XXXXXXXXXX.75-1.5
Satisfactory XXXXXXXXXX XXXXXXXXXX
Unsatisfactory XXXXXXXXXX0
Marking criteria
Marking criteria Weighting
Abstract 1%
List of content & overall presentation of the assignment 1%
Introduction 1%
Identify the different sources of fund that have been used by your selected companies. 1%
Examine the evolution of the sources of fund used by the company over the last three
financial years with specific focus on the changes of different sources of funds.
3%
Identify the percentage of the fund that is internally generated and the percentage of
the fund that is externally generated for each selected company.
2%
Explain the relative merits and shortcomings of the different sources of fund used by your
selected companies.
3%
Critically examine different types of liabilities shown in the balance sheet of your selected
companies? Identify which ones of the liabilities are interest bearing and which ones are
not interest is bearing.
3%
Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent
Liabilities and Contingent Assets.
3%
Identify if your selected companies have made any reference to this particular standard
(AASB 137) in their annual reports.
4%
Identify all different categories of assets recorded by the selected companies. 3%
Critically examine the measurement basis used by the company for each class of assets
ecoded by the selected companies.
4%
Conclusion 1%
Total in Written Assignment 30%
Video presentation 10%
Total 40 %
Page 4 of 6
HI5020 Corporate Accounting T3 2019
Marking Ru
ic
Excellent Very Good Good Satisfactory Unsatisfactory
Identify the
different sources of
fund that have been
used by your
selected
companies.
1
Specific sources
of liabilities and
equities have
een clearly
identified.
Demonstrate a
clear
understanding of
each sources
Specific sources
of liabilities and
equities have
een clearly
identified.
Gross amount
of liabilities and
equities have
een identified
without specific
identification of
each sources.
Gross amount
of liabilities
and equities
have been
identified
without
specific
identification
of each
sources. There
are some
e
ors
Has failed to
identify
different
sources of
fund used by
the company.
Many e
ors in
the answer or
has
misunderstoo
d the question
Examine the
evolution of the
sources of fund
used by the
company over the
last three financial
years with specific
focus on the
changes of different
sources of funds.
3
The evolution of
different sources
of funds within
the company
(with specific
focus on their
changes) has
een discussed
comprehensively.
The evolution of
different sources
of funds within
the company
(with specific
focus on their
changes) has
een discussed
with minor
e
ors.
The evolution of
different
sources of funds
within the
company (with
specific focus on
their changes)
has been
discussed with
major e
ors.
The evolution
of different
sources of
funds within
the company
(with specific
focus on their
changes) has
een
discussed with
major e
ors.
The answer
still make
sense
Has answered
the question
with many
e
ors and
misunderstand
ing or has not
answered the
question
Identify the
percentage of the
fund that is
internally
generated and the
percentage of the
fund that is
externally
generated for each
selected company.
2
Has shown the
percentage of
each sources of
funds used by
the company
distinguishing
etween
externally
generated funds
and internally
generated fund.
Has shown the
percentage of
each sources of
funds used by the
company.
Externally
generated funds
and internally
generated funds
have been
distinguished
with minor
e
ors.
Has shown the
percentage of
each sources of
funds used by
the company.
Externally
generated funds
and internally
generated funds
have been
distinguished
with major
e
ors.
Has shown the
percentage of
each sources
of funds used
y the
company.
Externally
generated
funds and
internally
generated
funds have not
een
distinguished.
Has not shown
the
percentage of