Accounting Theory and Current Issues | My Assignment Tutor

HOLMES INSTITUTEFACULTY OFHIGHER EDUCATION HI6025 Accounting Theory and Current Issues Group Assignment Assessment Details and Submission GuidelinesTrimesterT1 2021Unit CodeHI6025Unit TitleAccounting Theory and Current IssuesAssessment TypeGroup AssignmentAssessment TitleConceptual and critical evaluation of theoriesPurpose of theassessment (with ULOMapping)This is a group assignment. Students are required to conduct research and analysis of atheoretical financial reporting issue and present their findings in a written report.Students will have to do research on relevant literature and demonstrate understandingand critical evaluation of key disclosure issues relating to the application of specificaccounting standards. Additionally, they will demonstrate understanding and criticalevaluation of the Australian financial reporting environment and its current regulatoryframework and recommend future directions to the Australian financial reportingregulators. (ULO 1, 2, 4, 7).Weight40 % of the total assessmentsTotal Marks40Word limit3,000 words ± 500 wordsDue DateGroup Formation: Please form the group by self-enrolling in Blackboard. Thereshould be a maximum of 4 members in a group. Email BBHelpdesk@holmes.edu.aufor any issues with self-enrolling into groups.Assignment submission: Final Submission of Group Assignment: Week 10,Wednesday, May 26th 2021, at 11:59 pm.Late submission incurs penalties of five (5) % of the assessment per calendar day unlessStudent Services of your campus have granted an extension and/or specialconsideration before the assessment deadline.Submission GuidelinesAll work must be submitted on Blackboard by the due date, along with a completedAssignment Cover Page.The assignment must be in MS Word format, with 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 appropriately at theend in a reference list using Harvard referencing style.Adapted Harvard ReferencingHolmes has now implemented a revised Harvard approach to referencing:1. Reference sources in assignments are limited to sources that provide full-textaccess to the source’s content for lecturers and markers. Page 2 of 7HI6025 Accounting Theory and Current Issues 2. The Reference list should be located on a separate page at the end of the essayand titled: References.3. It should include the details of all the in-text citations, arranged A-Zalphabetically by author surname. In addition, it MUST include a hyperlink tothe full text of the cited reference source.For example;P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal ofInformation Systems Education,Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf4. All assignments will require additional in-text reference details, which willconsist of the surname of the author/authors or name of the authoring body,year of publication, page number of content, the paragraph where the contentcan be found.For example;“The company decided to implement an enterprise-wide data warehousebusiness intelligence strategies (Hawking et al., 2004, p3(4)).”Non – Adherence to Referencing GuidelinesWhere students do not follow the above guidelines:1. Students who submit assignments that do not comply with the guidelines maybe required to resubmit their assignments or incur penalties for inadequatereferencing.2. Late penalties will apply per day after a student or group has been notified ofresubmission requirements.• Students whose citations are identified as fictitious will be reported for academicmisconduct. Page 3 of 7HI6025 Accounting Theory and Current IssuesAssignment SpecificationsPart AThe corporate disclosure practice will help all the stakeholders to understand and measure businessoperation. Annual financial statement and particularly income statement is one of the most important ones.However, a company’s reported profits will be impacted by different factors, including when particulartransactions and events are recognised and how such transactions and events are measured.Requirement:1) Using earning management concept, discuss why the timing of recognising events that impactincome, revenue or profit or expenses are important for managers?“Maximum 1000 words.”Part BABC Ltd has incorporated a bonus plan that rewards the board of directors (executive members) by providinga bonus of 3 per cent of reported profits. This is an Accounting-based incentive that has the advantage whichthe accounting results may be based on subunit or divisional performance.“A well-informed labour market will motivate management to work to maximise the value of its firm.Underperformance might lead to dismissal and, if the labour market is efficient in disseminating data, a ‘failed’manager might have difficulty attracting a position with comparable pay elsewhere.” (Deegan, 2020)Requirement:1) Using Positive Accounting Theory (PAT), discuss the bonus theme in general and why the bonus plan(Accounting-based) was put in place in ABC Ltd?2) Explain whether the board of directors could be motivated to try to inflate reported profits.3) Use the opportunistic perspective of PAT to explain the potential for managers to manipulatecorporate disclosure.“Maximum 2000 words.”Assignment Structure:Assignment Cover page clearly stating your name(s) and student number(s)Group’s Assignment Task Allocation table (except for Solo group members)Table of ContentBody of the assignment with appropriate section headingsList of references4 of 7HI6025 Accounting Theory and Current IssuesMarking Rubric ExcellentVery GoodGoodSatisfactoryUnsatisfactoryContentPart Awhy the timing ofrecognising eventsthat impact income,revenue or profit orexpenses areimportant formanagers15%Demonstrate superiorknowledge of the theory andkey concepts. Excellentinterpretation with extensiveelaboration of relevant subtopics, appropriatelyweighted and within theprescribed word count.Demonstrated in-depthunderstanding andapplication of key conceptsand terminology relating tothe accountingfundamentals.A detailed outline ofknowledge including thesupporting theoreticalargument. Providing athorough understanding ofthe concepts within thetopic. Professionalterminology effectivelyincorporated.Shows adequateknowledge of theconcepts, key pointsand displays a soundunderstanding oftheories and results.Relevant professionalterminology effectivelyincorporated.Shows some basicunderstanding of the topic.Has managed to cover some ofthe main points of the case.Displays sufficientunderstanding of concepts.Professional terminologyadequately incorporated.Inadequate or littleunderstanding of the theory.Lacks the necessary detail andexpression and displays anunderdevelopedunderstanding of theconcepts. Absence of keyprofessional terminology.ContentPart B (1)Using the Theorydiscuss the bonustheme in general5%Demonstrate superiorknowledge of the theory andkey concepts. Excellentinterpretation with extensiveelaboration of relevant subtopics, appropriatelyweighted and within theprescribed word count.Demonstrated in-depthunderstanding andapplication of key conceptsand terminology relating tothe accountingfundamentals.A detailed outline of knowledgeincluding the supportingtheoretical argument. Providinga thorough understanding ofthe concepts within the topic.Professional terminologyeffectively incorporated.Shows adequateknowledge of theconcepts, key points anddisplays a soundunderstanding of theoriesand results.Relevant professionalterminology effectivelyincorporated.Shows some basicunderstanding of the topic.Has managed to cover some ofthe main points of the case.Displays sufficientunderstanding of concepts.Professional terminologyadequately incorporated.Inadequate or littleunderstanding of the theory.Lacks the necessary detail andexpression and displays anunderdevelopedunderstanding of theconcepts. Absence of keyprofessional terminology. 5 of 7HI6025 Accounting Theory and Current Issues ContentPart B (2)Explain whether theboard of directorscould be motivatedto try to inflatereported profits5%Superior Interpretation ofthe questions andunderlying key pointsprovided.Outstanding and insightfultheoretical discussion withclear empirical evidenceprovided.Interpretation of thequestions and underlying keypoints were clearly identified.Demonstrated a strongtheoretical discussion andempirical evidences.Interpretation ofquestions andunderlying key pointswere partially identified.An effective theoreticalresponse with someempirical evidenceprovided.Interpretation of thequestions and underlying keypoints identified.Adequate coherencesupported with a basictheoretical approach.Appropriate empiricalevidence provided.Inadequate interpretationof the underlying keypoints.Inadequate interpretationdemonstrating inconsistentand irrelevant thoughts.Inappropriate coherence ofthe key points.ContentPart B (3)Use the theory toexplain thepotential formanagers tomanipulatecorporatedisclosure5%Superior and effectiverecommendations, solutions,and/or plans of action wereprovided.Strong use of data or facts tosupport the analysis andconclusions.Demonstrates effectiverecommendations and/orplans of action were partiallyprovided.Effective use of data or factsto support the analysis andconclusions.Soundrecommendationsand/or plans of action.Sound use of data orfacts to support theanalysis andconclusions.Some recommendationsand/or plans of actionidentified.Some data or facts referredwhen necessary to supportthe analysis and conclusions.Inadequaterecommendations and/orplans of action notprovided.Specific data or factsnecessary to support theconclusions are inadequate.Presentation andReferencing10%Superior key points wereclearly identified andsupported with outstandingreferences.Excellent grammar, spelling,punctuation, professionalwriting, and syntaxReferencing requirementsexceeds expectations andadvanced researchtechniques demonstrated.Effective key points wereidentified and supportedwith excellent referencesExcellent grammar, spelling,punctuation, professionalwriting, and syntax.Referencing requirementsmeet expectations withexcellent resources usedAdvanced researchtechniques demonstrated.Adequate key pointswere identified andsupported with soundreferencesAppropriate grammar,spelling, punctuation,professional writing, andsyntax.Referencingrequirements meetexpectations andappropriate resourcesused.Key points were identifiedand supported with sufficientreferences. a well thoughtout rationale based onapplying specific concepts inthe report.Grammar, spelling,punctuation, professionalwriting, and syntax needssome improvement.Referencing requirementsare met and mostlyappropriate resources used.Key points were poorlyidentified and notsupported with references.Grammar, spelling,punctuation, professionalwriting, and syntax needssignificant improvement.Provides an inadequatecritical analysis.Failure to meet referencingrequirements andinappropriate resourcesused. 6 of 7HI6025 Accounting Theory and Current Issues Appropriate researchdemonstrated, andsound resources used. 7 of 7HI6025 Accounting Theory and Current IssuesAcademic IntegrityHolmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity isintegral to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, allassessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categoriesof Academic Integrity breaches. If you have any questions about Academic Integrity issues related to yourassessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and supportresources. Many of these resources can also be found through the Study Sills link on Blackboard.Academic Integrity breaches are a serious offence punishable by penalties that may range fromdeduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, orcancellation of course enrolment.Table 1: Six categories of Academic Integrity breaches PlagiarismReproducing the work of someone else without attribution.When a student submits their own work on multipleoccasions this is known 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 or without their knowledge. If a student fails to takereasonable precautions to prevent their own original workfrom being copied, this may also be considered an offence.ImpersonationFalsely presenting oneself, or engaging someone else topresent as oneself, in an in-person examination.Contract cheatingContracting a third party to complete an assessment task,generally in exchange for money or other manner ofpayment.Data fabrication andfalsificationManipulating or inventing data with the intent of supportingfalse conclusions, including manipulating images. Source: INQAAHE, 2020

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

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