Financial Accounting & Reporting 1 | My Assignment Tutor

Page 1 Kaplan Business School Assessment OutlineAssessment 3 Information Subject Code:ACCM4200Subject Name:Financial Accounting & Reporting 1Assessment Title:Assessment 3Assessment Type:Individual Assignment and Video presentationWord Count:1500Words(+/-10%)Weighting:20 %Total Marks:20Submission:Via Turnitin-written report; Via Moodle-video presentationDue Date:Monday of Week 10 at 19:55 (AEDT) Your Task• You are required to prepare a business letter to answer all of the following questions.• You are also required to prepare a short video presentation (3 to 5 mins) summarising thekey issues you have addressed in your letter.Assessment DescriptionAssume that you are a team of graduate accountants working for Hitech Group Ltd, an independentconsulting & accounting firm Situated at 111 Avenue, Melbourne, and VIC 3000. The Manager of your firm,Ms. Araneda Jackson has asked you to draft a letter in response to an email received from Mr. Jason Alba,the General Manager of Qantas Airway Ltd, raising accounting issues – see the copy of the email on thenext page.The maximum length for the body of the letter is 1,500 words. You should address all the technicalissues/discussion in the letter, followed by a Reference List.• Part A: Technical component 10% – This mark covers the technical content of your advice andthe explanation on each of the issues, the calculations, and the sources used.• Part B: Communication Skills – Letter Writing 5% – This mark covers the generic skills of Letterwriting; layout, clear meaning, structure and organisation, appropriate tone and grammar,spelling, and punctuation, etc. throughout the whole assignment.• Part C: Communication Skills – Video Presentation 5% – You have to prepare a 3-5 minute videopresentation that will keep the audience engaged; the presentation should be well-rehearsed andsupplementary material, such as slides and visual aids must be of a professional standard.Page 2 Kaplan Business School Assessment OutlineRe: Accounting Issues: Year Ending 30 June 2021From: Jason Alba ([email protected])Sent: 20 August 2020To: Araneda Jackson (A.Jack[email protected])Dear Araneda,Thank you for your phone call this morning, as agreed I am emailing you regarding the accountingissues we briefly discussed. By the way to assist the Management team in our decision-makingprocess could you please make sure you reference any relevant sources relating to your advice, forexample, AASBs, Corporations Act, and relevant websites?Here is the background to our problem – Qantas Airways Limited is the flag carrier of Australia and itslargest airline by fleet size. Qantas Airways Ltd leases Aircraft from Boeing and Airbus for 20 yearsat a time. The lease agreement can be cancelled, but a significant penalty will be incurred by QantasLtd. The lease payments required 20 payments of equal value at the end of every year up to thetwentieth year.On 20 August 2020, Qantas announced a $2 billion loss, with the coronavirus pandemic slashing itsrevenue by 21% for the year ended 30 June 2020. This result included a massive $1.4 billion writedown in the value of assets such as its Airbus 380 aircraft fleet.In the media release announcing the loss, Qantas CEO Alan Joyce was quoted: “COVID will continueto have a huge impact on our business and we’re expecting a significant underlying loss in FY[financial year] 21. Yet he remained optimistic about the longer-term prospects for the airline as thepandemic subsides’’, (Qantas Group 2020).The General Manager of Qantas Airways Ltd is aware of the required disclosures under AASB136($1.4 billion write-downs in the value of assets) and therefore asked you to advise him with a summaryof the other relevant accounting standards to be applied under the financial reporting framework.Identify the relevant Australian accounting standards and explain the impact of COVID on QantasAirways financial reporting for Financial Year 21?Please respond by letter (not email) as I would like to present this to the Board. I look forward tohearing from you shortly.RegardsJason AlbaGeneral Manager, Qantas Airways LtdLevel 111, 222 King Street,Sydney NSW 2000Page 3 Kaplan Business School Assessment OutlineAssessment Instructions• The assignment (both the word document and the video file) will need to be submittedelectronically through the student portal – use the link under “Assessments”.Referencing• Any sources that you use need to be acknowledged in order to avoid plagiarism.Information on referencing can be found in the Guidelines for Referencing andPresentation at the Kaplan website using the following address:(https://elearning.kbs.edu.au/mod/page/view.php?id=128881).In‐Text Referencing and the Reference List• Sources of information must be cited both in the body of the text (in‐text referencing) andthe end of the assignment (reference list). Failure to do so will result in penalties.Remember that when referencing an Annual Report, it is a corporate document that doesnot have a particular author but it will still require referencing any time you use informationfrom it. Any other documents or books or other references you use will also requirereferencing.Please note• Any work which has been copied or shared between students will result in a Fail grade forall students concerned. Therefore, please make sure that the answer to this assignment isyour work and not copied or bought from any source. In completing this assignment makesure you follow the guidelines for assignments especially those relating to the presentationof written work, late assignment policy and academic integrity.Page 4 Kaplan Business School Assessment OutlineImportant Study InformationAcademic Integrity PolicyKBS values academic integrity. All students must understand the meaning and consequencesof cheating, plagiarism and other academic offences under the Academic Integrity and ConductPolicy.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/current-students/student-policies/.Word Limits for Written AssessmentsSubmissions that exceed the word limit by more than 10% will cease to be marked from the pointat which that limit is exceeded.Study AssistanceStudents may seek study assistance from their local Academic Learning Advisor or refer to theresources on the MyKBS Academic Success Centre page. Click here for this information.Page 5 Kaplan Business School Assessment OutlineAssessment Marking GuideAssessment Part A – Assignment Rubrics: 10% Technical Content ComponentsHigh Distinction85 – 100%Distinction75 – 84%Credit65 – 74%Pass50 – 64%Fails0 – 49%MarkAwardedLetterSegment10%TechnicalcontentLetter clearly identifiesand addresses all thetechnical issues raisedby the client, andprovides clear, correctand decisive adviceLetter clearly identifiesand addresses most ofthe technical issuesraised by the client andprovides clear, correctand decisive adviceLetter clearly identifiesand addresses some ofthe technical issuesraised by the client andprovidesreasonably clear,Letter identifies andaddresses some of thetechnical issues raisedby the client andprovides fairlyclear, but not alwaysLetter does notidentify or addressthe technical issuesraised by the client Itdisplays a lack ofunderstanding ofdisplaying andisplaying a goodcorrect and decisivecorrect and/orsome or most of theoutstandingunderstanding of mostadvice displaying adecisive advice. Ittechnical issuesunderstanding of eachof the technical issuesreasonably gooddisplays a reasonableraised making itof the technical issuesraised so that it is easyunderstanding ofunderstanding ofdifficult for the clientraised, so that it isfor the client (non-some of the technicalsome of the technicalto understand.easy for the clientaccountants) toissues raised, so thatissues raisedIt does not give(non-accountants) tounderstand.it is relatively easy forReference has beencorrect clear and/orunderstandReference has beenthe client tomade (with gaps) todecisive advice onReference has beencorrectly made to theunderstand.some of the AASBs,most of the issuescorrectly made to theAASBs, GAAPs andReference has beenGAAPs and otherraised and makesAASBs, GAAPs andother legislation wheremade (with gaps) tolegislation wherelittle or no referenceother legislation whereapplicable andsome of the AASBs,applicable and/orto the AASBs,applicable andappropriate.GAAPs and otherappropriateGAAPs and otherappropriate.legislation wherelegislation whereapplicableapplicableTotal Technical Component/10 Page 6 Kaplan Business School Assessment OutlineAssessment 2 Part B – Assignment Rubrics: 5% Communication Skills – Letter Writing Skills ComponentsHigh Distinction85 – 100%(Marks 4.5 to 5.0)Distinction75 – 84%(Marks 4.0 to 4.4)Credit65 – 74%(Marks 3.1 to 4.0)Pass50 – 64%(Marks 2.5 to 3.0)Fails0 – 49%(Marks 0 to 2.4)MarkAwarded(Out of 5)Language andAssignmentAssignmentAssignmentAssignmentAssignment doespresentationdemonstratesdemonstrates highdemonstrates gooddemonstratesnot meet theStructure offlawless languagelevels of languagelevel of language andacceptable level ofstandards ofsentences andand presentationand presentationpresentationlanguage andlanguage andparagraphspresentationpresentationVocabularySpellingPresentationReferencingTonePlagiarismLetterLetter structure andLetter structure andLetter structure andLetter structure andLetter structure and Structureformat effective andformat effective andformat effective andformat contain errorsformat contain Formatprofessional.professional withprofessional withwhich affectsignificant errorsminor exceptions.some exceptions.readability andand omissionspresentation.which render itunprofessional.Comments on communication skills:Total Communication Skills Component/5 Page 7 Kaplan Business School Assessment OutlinePart C – Assignment Rubrics: 5% Video Presentation CommunicationHigh Distinction85 – 100%(Marks 4.25 to 5.0)Distinction75 – 84%(Marks 3.75 to 4.2)Credit65 – 74%(Marks 3.25 to3.70)Pass50 – 64%(Marks 2.5 to 3.20)Fail0 – 49%(Marks 0 to 2.45)Mark Awarded(Out of 5)Language andpresentation(delivery) 50%• Structure of sentencesand paragraphs• Vocabulary• Pronunciation• Evidence of rehearsal• Nonverbalcommunication• Use of notesSentences are well structured,varied, clear and designed tocomplement the contentPronunciation is flawlessVocabulary is professional,appropriate and extensiveThe main points and newtechnical terms are clearlydescribed and/or explainedPresenter appears fullyrehearsed and well preparedPresenter uses facialexpressions, eye contact,paralinguistic, vocalic,gesture, posture and clothingto appear confident andpositiveSentences are mainly wellstructured and clear Fewerrors in pronunciationVocabulary is professionaland appropriateThe main points and newtechnical terms are clearlydescribed and/orexplained, with fewexceptionsPresenter appearsrehearsed andwell preparedPresenter uses facialexpressions, eye contact,paralinguistic, vocalic,gesture, posture andclothing well, with minorexceptionsSentences are mainly wellstructured and clear with afew errors whichcompromise meaning Someerrors in pronunciationVocabulary is appropriateThe main points and newtechnical terms aredescribed, with fewexceptionsPresenter appearsrehearsed and preparedfor most of thepresentationPresenter uses facialexpressions, eye contact,paralinguistic, vocalic,gesture, posture andclothing well, with someexceptionsSentences are mainly wellstructured Some errors inpronunciationVocabulary is adequateThe main points and newtechnical terms are clearlydescribed and/or explained,with some exceptionspresenter appearssomewhat rehearsedPresenter attempts to useappropriate facialexpressions, eye contact,paralinguistic, vocalic,gesture, posture andclothingPresenter attempts to usesome strategies to engagethe audience andSentences are poorlystructured Many errorsin pronunciationVocabulary is inadequateThe main points and newtechnical terms are notclearly described and/orexplained presenter doesnot appear well rehearsedPresenter’s nonverbalcommunication detractsfrom presentationPresenter does not usestrategies to engage theaudience and communicatewith themPresenter reads presentationdirectly fromPresenter uses effectivePresenter uses goodPresenter uses somecommunicate with themnotesstrategies to engage theaudience and clearlycommunicate with themPresenter is not reliant onnotes and does not appear tohave letterraised thepresentation communicatestrategies to engage theaudience andcommunicate with themPresenter is not relianton notes but refers tothemstrategies to engage theaudience and communicatewith themPresenter is not relianton notes but refers to themPresenter frequently refersto notesLanguage and presentationof very low level. Page 8 Kaplan Business School Assessment Outline Visual aids20%Grammar, spelling andpunctuation are flawlessIn-text referencing andreference list formatcorrectTitles and headingsaccurately describe thecontentsText bullet pointed andbrief (no more than 6points on a slide)Graphics are appropriate,labelled and usedeffectivelyFonts and colours areeffective and appropriateand adhere to conventions(eg no more than threecolours and readable fonts)Referencing correctGrammar, spelling andpunctuation have fewerrorsIn-text referencing andreference list formatcorrect, with minor errorsTitles and headingsaccurately describe thecontents in most casesText bullet pointed andbrief with some overuseof blocks of textGraphics are appropriateand labelledFonts and colours areeffective and appropriateReferencing correct withminor errorsGrammar, spelling andpunctuation have fewerrorsIn-text referencing andreference list formatcorrect, with minor errorsTitles and headingsaccurately describe thecontents in most casesText bullet pointed andbrief with some overuseof blocks of textGraphics are appropriateand labelledFonts and colours areeffective and appropriateReferencing correct withsome errorsGrammar, spelling andpunctuation have someerrorsIn-text referencing andreference list formatcorrect, with some errorsTitles and headingsaccurately describe thecontents with severalexceptionsText often presented inblocksGraphics are mainlyappropriate and labelledFonts and colours are notalways effective andappropriateOmissions and errors inreferencingMany errors in grammar,spelling and punctuationIn-text referencing andreference list formatincorrect or omitted –evidence of plagiarismTitles and headings donot accurately describethe contentsText not summarised,presented in large,unreadable blocksGraphics are notappropriate and labelledFonts and colours are noteffective and appropriateNo referencingPowerpoint slides notprofessionally presentedNot completedContent and structure30%Introduction,discussion and conclusionAudience awarenessIntroduction includeseffective background,purpose and overview andcatches audience attentionDiscussion develops aclear, logical argument ordescription using a structuralconvention (eg spatial,chronological, problemsolution) Conclusionaccurately summarises thepresentation and ends on ameaningful, thoughtprovoking noteContent demonstratesaudience awarenessIntroduction includes effectivebackground,purpose and overviewDiscussion develops aclear, logical argument ordescription Conclusionaccurately summarises thepresentationContent demonstratesaudience awareness with fewexceptionsIntroduction includesbackground, purposeand overview Discussiondevelops argument ordescription . conclusionsummarises the presentationContent demonstratesaudience awareness with someexceptionsIntroduction includes someaspects ofbackground, purpose andoverviewDiscussion develops a clearargument or descriptionConclusion summarises thepresentationContent demonstratesaudience awareness with somesignificant exceptionsIntroduction does not provideessentialinformation on topic, e.g.overviewDiscussion is not logicallystructured Conclusion brief oromittedContent does notdemonstrate audienceawarenessPresentation is notappropriately structured anddoes not meet audienceinformation needsNot completed

QUALITY: 100% ORIGINAL PAPER – NO PLAGIARISM – CUSTOM PAPER

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