1. To allow students to explore in greater detail the major learning outcomes of the module and to demonstrate a detailed knowledge and understanding thereof.
2. To assess students' ability to
(i) appropriately summarise and structure information
(ii) identify relevant information from a given set of literature
(iii) understand and argue the chosen relevant information, and
(iv) present it in an appropriate written form
3. To develop or confirm students' word-processing skills.
Assignment brief:
By using the regulatory discussions and relevant international accounting standards (IASs) which are taught in the module APC311, you are required to provide a critical evaluation of the following areas of financial reporting.
i. The regulatory and conceptual framework of international financial reporting.
ii. Accounting for intangible assets
iii. Accounting for provisions, contingent liabilities, and contingent assets
• A knowledge of different accounting treatments in individual accounting standards
• A knowledge of implications of different accounting treatments on usefulness of financial statements
• Your own understandings of, comments on, arguments and contributions to the topic, such as key qualitative characteristics, true and fair view/fair presentation, creative accounting, etc..
• Any other important issues which you think should be addressed