HI5020 Corporate Accounting | My Assignment Tutor

HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION HI5020 Corporate Accounting Individual Assignment T3 2020 Assessment Details and Submission GuidelinesTrimesterT3 2020Unit CodeHI5020Unit TitleCorporate AccountingAssessment TypeIndividual AssignmentAssessment TitleLinking skills, knowledge and experiences that employers seek from CorporateAccountants with the learnings objectives, outcomes and contents of the subject anddemonstrating understanding of equity, liability, and comprehensive income itemsreported by companies/corporate groups.Purpose of theassessment (with ULOMapping)The first part of this assignment aims at developing a clear understanding of studentson what skills, knowledge and experiences employers seek from Corporate Accountantsand link the learnings objectives, outcomes and contents of the subject with the skills,knowledge and experiences sought by employers.The second part of the assignment aims at developing a clear understanding ofstudents on different equity, liability, and comprehensive income items reported bycompanies/ corporate groups.(ULO 1, 2, 3, 4, 5).Weight35 % of the total assessments (35 marks)Total Marks25 % in written report + 10 % in video presentationsWord limit3000 words ±500 wordsDue DateAssignment submission: Final Submission of individual Assignment: February 3, 2021,Wednesday, Week 10, 11:59 pmLate submission incurs penalties of five (5) % of the assessment value per calendar dayunless an extension and/or special consideration has been granted by the lecturerprior to the assessment deadline.SubmissionGuidelines• All work must be submitted on Blackboard by the due date along with a completedAssignment Cover Page.• The assignment must be in MS Word format, no spacing, 12-pt Arial font and 2 cmmargins on all four sides of your page with appropriate section headings and pagenumbers.• Reference sources must be cited in the text of the report, and listed appropriatelyat the end in a reference list using Harvard referencing style. Page 2 of 11HI5020 Corporate Accounting Individual Assignment T3 2020Assignment SpecificationsPurpose:The first part of this assignment aims at developing a clear understanding of students on what skills,knowledge and experiences employers seek from Corporate Accountants and link the learnings objectives,outcomes and contents of the subject with the skills, knowledge and experiences sought by employers.The second part of the assignment aims at developing a clear understanding of students on different equity,liability, and comprehensive income items reported by companies/ corporate groups.Assessment task:Part ACollect AT LEAST 20 job advertisements on the position of ‘corporate accountant’, ‘corporate andmanagement accountant’ ‘senior accountant’, ‘tax accountant’, ‘corporate financial accountant’ ‘corporatefinancial and management accountant’, ‘accountant corporate finance’, ‘senior financial accountant’ ‘senioraccountant: tax and corporate reporting’ or any other similar positions published by Australian employers inelectronic or print media or in job search portals (such as seek, Jora, Indeed etc.) from the first week of theTrimester to the week 8 of the Trimester.Based on your collected advertisements, do the following tasks:1. List all the personal attributes required from a corporate accountant that have been mentioned in thejob advertisements that you have collected with your detailed understanding of each of the attributes.2. List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in theadvertisements that you have collected and analysed.3. Based on the key roles, tasks, responsibilities identified from your collected job advertisements, howthose key roles, tasks or responsibilities are related to the topics that you have learned in your MPAunit HI5020 Corporate Accounting.4. What additional topics, attributes or learnings outcomes are missing from your MPA unit HI5020Corporate Accounting that are listed on the job advertisement.5. Critically examine the skills, experience and attributes needed to become a corporate accountant.Also, critically evaluate how the topics that you have learned in your MPA unit HI5020 CorporateAccounting have helped you in gaining the skills, knowledge, experience and attributes needed tobecome a corporate accountant.Part BSelect 1 (One) public limited company listed on the Australian Securities Exchange (ASX) that are in the sameindustry. The company must have subsidiary companies and must have prepared consolidated financialstatements. Download the latest annual reports consecutively for last two years of the company that you haveselected. Do not use your company’s interim financial statements or their concise financial statements. Pleaseread the financial statements (balance sheet, income statement, statement of changes in owner’s equity) verycarefully. Also, please read the relevant footnotes of your company’s financial statements carefully andinclude information from these footnotes in your answer.You need to do the following tasks:EQUITY & LIABILITY6. From your company’s financial statements, list each item of equity reported and write yourunderstanding of each item. Discuss any changes in each item of equity for your company over lasttwo years articulating the reasons for the change.Page 3 of 11HI5020 Corporate Accounting Individual Assignment T3 20207. From your company’s financial statements, list each item of liability reported and write yourunderstanding of each item. Discuss any changes in each item of liability for your company over lasttwo years articulating the reasons for the change.OTHER COMPREHENSIVE INCOME STATEMENT8. What items have been reported in the other comprehensive income statement for each year?9. Why have these items not been reported in Income Statement/Profit and Loss Statements?10. Provide a comparative analysis of the items shown in the other comprehensive income statementsection for the two years. If these items were included in the income statement / profit and lossstatements of each year, how would the profit attributable to shareholders of the company beaffected?11. Should other comprehensive income be included in evaluating the performance of managers of thecompany?Assignment Structure should be as the following:Abstract – One paragraphList of ContentIntroductionBody of the assignment with detailed answer on each of the required tasksSummary/ConclusionList of references…..Marking criteria Marking criteriaWeightingAbstract1%List of content & overall presentation of the assignment1%Introduction1%Part AList all the personal attributes required from a corporate accountant that have beenmentioned in the job advertisements that you have collected with your detailedunderstanding of each of the attributes.1%List all the key roles, tasks, responsibilities of a corporate accountant that have beenlisted in the advertisements that you have collected and analysed.2%Based on the key roles, tasks, responsibilities identified from your collected jobadvertisements, how those key roles, tasks or responsibilities are related to the topicsthat you have learned in your MPA unit HI5020 Corporate Accounting.2%What additional topics, attributes or learnings outcomes are missing from your MPA unitHI5020 Corporate Accounting that are listed on the job advertisement.2%Critically examine the skills, experience and attributes needed to become a corporateaccountant. Also, critically evaluate how the topics that you have learned in your MPAunit HI5020 Corporate Accounting have helped you in gaining the skills, experience andattributes needed to become a corporate accountant.2%Part BFrom your company’s financial statements, list each item of equity reported and writeyour understanding of each item. Discuss any changes in each item of equity for yourcompany over last two years articulating the reasons for the change.2% Page 4 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 From your company’s financial statements, list each item of liability reported and writeyour understanding of each item. Discuss any changes in each item of liability for yourcompany over last two years articulating the reasons for the change.2%What items have been reported in the other comprehensive income statement for eachyear?2%Why have these items not been reported in Income Statement/Profit and LossStatements?2%Provide a comparative analysis of the items shown in the other comprehensive incomestatement section for the two years. If these items were included in the incomestatement / profit and loss statements of each year, how would the profit attributable toshareholders of the company be affected?2%Should other comprehensive income be included in evaluating the performance ofmanagers of the company?2%Conclusion1%TOTAL Weight in Written Assignment25%Video Presentation10%Total35% Instruction for video presentation:Based on your written assignment you will have to make a summary video presentation ranging for 10minutes. Your presentation should explain the assignment tasks and your key findings. You will have to uploadthe presentation in You Tube and submit the You Tube link in the black board so that the marker can watchand mark your presentation. Your assignment will be marked based on the following criteria: Presentation Style (3marks)Content (4 marks)Clarity of the presentation(3 marks)Excellent3-2.54-33-2.5Very good2.5-1.753-2.52.5-1.75Good1.75-1.52.5-2.001.75-1.5Satisfactory1.5-1.002.00-1.001.5-1.00Unsatisfactory1.00-01.00-01.00-0 Academic IntegrityHolmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integralto maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasksneed to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integritybreaches. If you have any questions about Academic Integrity issues related to your assessment tasks, pleaseconsult your lecturer or tutor for relevant referencing guidelines and support resources. Many of theseresources can also be found through the Study Sills link on Blackboard.Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction ofmarks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation ofcourse enrolment.Table 1: Six categories of Academic Integrity breachesPage 5 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 PlagiarismReproducing the work of someone else without attribution. Whena student submits their own work on multiple occasions this isknown as self-plagiarism.CollusionWorking with one or more other individuals to complete anassignment, in a way that is not authorised.CopyingReproducing and submitting the work of another student, with orwithout their knowledge. If a student fails to take reasonableprecautions to prevent their own original work from being copied,this may also be considered an offence.ImpersonationFalsely presenting oneself, or engaging someone else to present asoneself, in an in-person examination.Contract cheatingContracting a third party to complete an assessment task,generally in exchange for money or other manner of payment.Data fabrication andfalsificationManipulating or inventing data with the intent of supporting falseconclusions, including manipulating images. Source: INQAAHE, 2020 HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION HI5020 Corporate Accounting Individual Assignment T3 2020Marking Rubric Excellent80-100%Very Good70-79%Good60-69%Satisfactory50-59%Unsatisfactory0-49%Abstract/1Apply our judgementList of content &overall presentationof the assignment/1Apply our judgementIntroduction/1Apply our judgementPART A QUESTIONSPART A QUESTIONSList all the personalattributes requiredfrom a corporateaccountant thathave beenmentioned in thejob advertisementsthat you havecollected with yourdetailedunderstanding ofeach of theattributes./1A good number ofpersonal attributesrequired to be acorporate accountanthave been identifiedfrom the jobadvertisements withdetail explanation ofeach attribute.A good number ofpersonal attributesrequired to be acorporate accountanthave been identifiedfrom the jobadvertisements.Explanation of a fewattributes have beenprovided.A good number ofpersonal attributesrequired to be acorporate accountanthave been identifiedfrom the jobadvertisements. Noexplanation has beenprovided for any of theattributesA small number ofpersonal attributesrequired to be acorporate accountanthave been identifiedfrom the jobadvertisements. Noexplanation has beenprovided for any of theattributesOnly few/no personalattributes have beenidentified. Noexplanation has beenprovided.List all the key roles,tasks,responsibilities of acorporateaccountant that/2A good number of keyroles, tasks orresponsibilities of acorporate accountantthat have beenA good number of keyroles, tasks orresponsibilities of acorporate accountantthat have beenA good number of keyroles, tasks orresponsibilities of acorporate accountantthat have beenA small number of keyroles, tasks orresponsibilities of acorporate accountantthat have beenOnly few/no key roles,tasks or responsibilitiesof a corporateaccountant that havebeen mentioned in the Page 7 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 have been listed inthe advertisementsthat you havecollected andanalysed.mentioned in the jobadvertisements havebeen identified.Detailed explanationshave been provided foreach of the identifiedroles, tasks orresponsibilities.mentioned in the jobadvertisements havebeen identified.Explanation has beenprovided for a few ofthe identified roles,tasks orresponsibilities.mentioned in the jobadvertisements havebeen identified. Noexplanation has beenprovided for theidentified roles, tasksor responsibilities.mentioned in the jobadvertisements havebeen identified. Noexplanation has beenprovided for theidentified roles, tasksor responsibilities.job advertisementshave been identified.No explanation hasbeen provided.Based on the keyroles, tasks,responsibilitiesidentified from yourcollected jobadvertisements,how those keyroles, tasks orresponsibilities arerelated to the topicsthat you havelearned in yourMPA unit HI5020CorporateAccounting./2Have demonstrated anexcellentunderstanding of therelation of the topicsincluded in the MPAunit HI5020 CorporateAccounting with thekey roles, tasks orresponsibilities of acorporate Accountantidentified from the jobadvertisements.Have demonstrated avery goodunderstanding of therelation of the topicsincluded in the MPAunit HI5020 CorporateAccounting with thekey roles, tasks orresponsibilities of acorporate Accountantidentified from the jobadvertisements.Have demonstrated agood level ofunderstanding of therelation of the topicsincluded in the MPAunit HI5020 CorporateAccounting with thekey roles, tasks orresponsibilities of acorporate Accountantidentified from the jobadvertisements.Have demonstrated avery basic or justacceptable level ofunderstanding of therelation of the topicsincluded in the MPAunit HI5020 CorporateAccounting with thekey roles, tasks orresponsibilities of acorporate Accountantidentified from the jobadvertisements.Have demonstrated apoor or no level ofunderstanding of therelation of the topicsincluded in the MPAunit HI5020 CorporateAccounting with thekey roles, tasks orresponsibilities of acorporate Accountantidentified from the jobadvertisements.What additionaltopics, attributes orlearnings outcomesare missing fromyour MPA unitHI5020 CorporateAccounting that arelisted on the jobadvertisement.What needs to beadded or what/2Excellent discussions onthe limitations of MPAUnit HI5020 CorporateAccounting. Haveidentified the topicsthat need to be addedor omitted withexcellent informedreasoning provided inline with the jobadvertisements.Very good discussionson the limitations ofMPA Unit HI5020Corporate Accountinghas been provided.Have clearly identifiedthe topics that need tobe added or omitted.Have shown a goodreasoning.A good discussion onthe limitations of MPAUnit HI5020 CorporateAccounting has beenprovided. Have clearlyidentified the topicsthat need to be addedor omitted withoutproviding anyreasoning. Or thereasoning is notA very basic or justacceptable discussionson the limitations ofMPA Unit HI5020Corporate Accountinghas been provided.Have mentioned a fewtopics that need to beadded or omittedwithout providing anyreasoning.Very poor or nodiscussion on thelimitations of MPA UnitHI5020 CorporateAccounting has beenprovided. Have notidentified any topicthat need to be addedor omitted from theMPA unit HI5020Corporate Accounting. Page 8 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 needs to beomitted?informed by the jobadvertisement.Critically examinethe skills,experience andattributes neededto become acorporateaccountant. Also,critically evaluatehow the topics thatyou have learned inyour MPA unitHI5020 CorporateAccounting havehelped you ingaining the skills,experience andattributes neededto become acorporateaccountant./2An excellent discussionon the skills,experience andattributes needed tobecome a corporateaccountant. Thediscussion is informedby the jobadvertisementsanalysed. Haveprovided excellentdiscussion linking theskills, experience andattributes learned inHI5020 CorporateAccountingA very good discussionon the skills,experience andattributes needed tobecome a corporateaccountant. Thediscussion is informedby the jobadvertisementsanalysed. Haveprovided gooddiscussion linking theskills, experience andattributes learned inHI5020 CorporateAccounting.A good discussion onthe skills, experienceand attributes neededto become a corporateaccountant. Thediscussion is informedby the jobadvertisementsanalysed. Haveattempted to link theskills, experience andattributes learned inHI5020 CorporateAccounting.A very basic or justacceptable discussionon the skills,experience andattributes needed tobecome a corporateaccountant. Thediscussion is notinformed by the jobadvertisementsanalysed. A very basicattempt to link theskills, experience andattributes learned inHI5020 CorporateAccounting.Very poor or nodiscussion has beenprovided on the skills,experience andattributes needed tobecome a corporateaccountant. Thediscussion is notinformed by the jobadvertisementsanalysed. No attemptto link the skills,experience andattributes learned inHI5020 CorporateAccounting.PART B QUESTIONSFrom yourcompany’s financialstatements, listeach item of equityreported and writeyour understandingof each item.Discuss any changesin each item ofequity for yourcompany over lasttwo years/2Each items of equitieshave been clearlyidentified.Demonstrate a clearunderstanding of eachitem of equity and thereason for the changeEach items of equitieshave been clearlyidentified.Demonstrate a goodunderstanding of eachitem of equity and thereason for the changeEach items of equitieshave been clearlyidentified.Demonstrate a goodunderstanding of eachitem of equity. Doesnot demonstrate anunderstanding for thereason for the changeEach items of equitieshave been clearlyidentified.Demonstrate a poorunderstanding of eachitem of equity. Doesnot demonstrate anunderstanding for thereason for the changeEach items of equitieshave not been clearlyidentified.Demonstrate a verypoor understanding ofeach item of. Des notdemonstrate anunderstanding for thereason for the change Page 9 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 articulating thereasons for thechange.From yourcompany’s financialstatements, listeach item of liabilityreported and writeyour understandingof each item.Discuss any changesin each item ofliability for yourcompany over lasttwo yearsarticulating thereasons for thechange./2Each item of liabilityhas been clearlyidentified.Demonstrate a clearunderstanding of eachitem of liability and thereason for the changeEach item of liabilityhas been clearlyidentified.Demonstrate a goodunderstanding of eachitem of liability and thereason for the changeEach item of liabilityhas been clearlyidentified.Demonstrate a goodunderstanding of eachitem of liability. Doesnot demonstrate anunderstanding for thereason for the changeEach item of liabilityhas been clearlyidentified.Demonstrate a poorunderstanding of eachitem of liability. Doesnot demonstrate anunderstanding for thereason for the changeEach item of liabilityhas not been clearlyidentified.Demonstrate a verypoor understanding ofeach item of. Des notdemonstrate anunderstanding for thereason for the changeWhat items havebeen reported inthe othercomprehensiveincome statementfor each year?/2All items of the othercomprehensive incomestatement have beenclearly identifiedAll items of the othercomprehensive incomestatement have beenidentified with minorerrorsItems of the othercomprehensive incomestatement have beenidentified with majorerrorsAn attempt was madeto identify Items of theother comprehensiveincome statementItems ofcomprehensive incomestatement have notbeen identifiedWhy have theseitems not beenreported in IncomeStatement/Profitand LossStatements?/2An excellent reasoninghas been provided as towhy othercomprehensive incomeitems are not shown inthe income statementwith reference to therequirement of thespecific Accountingstandards.An excellent reasoninghas been provided as towhy othercomprehensive incomeitems are not shown inthe income statement.Reference to therequirement of thespecific Accountingstandards has beenmade with some errors.An excellent reasoninghas been provided as towhy othercomprehensive incomeitems are not shown inthe income statement.No reference to therequirement of thespecific Accountingstandards has beenmade.A good reasoning hasbeen provided as towhy othercomprehensive incomeitems are not shown inthe income statement.No reference to therequirement of thespecific Accountingstandards has beenmade.A poor/incorrectreasoning has beenprovided as to whyother comprehensiveincome items are notshown in the incomestatement. Or hasmentioned that theother comprehensiveincome items can beshown in the income Page 10 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 statement. Noreference to therequirement of thespecific Accountingstandards has beenmade.Provide acomparativeanalysis of the itemsshown in the othercomprehensiveincome statementsection for the twoyears. If these itemswere included in theincome statement /profit and lossstatements of eachyear, how would theprofit attributableto shareholders ofthe company beaffected?/2An excellentcomparative discussionhas been provided onthe two years.A very goodcomparative discussionhas been provided onthe two years.An attempt has beenmade to providecomparativediscussions but couldnot do it quite wellComparativediscussions have notbeen provided, only ageneral discussion hasbeen providedNo acceptablediscussion has beenprovided.Should othercomprehensiveincome be includedin evaluating theperformance ofmanagers of thecompany?/2An excellent argumenthas been provided onwhy the othercomprehensive incomeshould not be includedin evaluating themanagers’performance.A very good argumenthas been provided onwhy the othercomprehensive incomeshould not be includedin evaluating themanagers’performance.A good attempt hasbeen made to providean argument on whythe othercomprehensive incomeshould not be includedin evaluating themanagers’performance.An attempt has beenmade to provide anargument on why theother comprehensiveincome should not beincluded in evaluatingthe managers’performance but couldnot clearly make thepointNo acceptablediscussion has beenprovided.Conclusions/1Apply our judgement Page 11 of 11HI5020 Corporate Accounting Individual Assignment T3 2020 Total in WrittenAssignment/25Video presentation/10Total/35

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