Individual group presentation time will be allocated in week 7.
Students are required to complete the assessment in group of five and do not have an automatic entitlement to adopt some other arrangements without prior permission from the lecturer.
Each group need to follow the presentation assessment criteria (3) & (7) and each member of the group needs to give presentation. 15 to 20 PowerPoint slides (six slides in one page) need to submit in the presentation time in class before presentation.
Objective
BAP62 covers a range of important theory and practice of issues in financial reporting. The main purpose of this assessment is to provide students with the opportunity to consolidate and extend their understanding in connection with the important issues in financial reporting in Australia.
Assessment criteria
In assessing presentation consideration will be given to overall neatness, completeness and quality of presentation, timeliness of submission and demonstrated application of appropriate issues in financial reporting. In assessing the presentation the following criteria including marking criteria (section 7) would be strictly followed.
Clarity
Presentations are expected to be made in a clear, concise and understandable manner, It is required that an outline be made at the inception of the presentation to show introduction body and conclusion of the presentation. Presenters' ability to comply with the outline will bl assessed.
Students should comply with the duration requirement as per unit outline. The presentation time should not exceed 15 minutes.
Presentation too long or too short will be penalised.
Group Presentation Topic:
Students need to select a topic of interest from section 2.5 of the subject outline (Topics are listed below). At least one aspect of the recognition, measurement or disclosure criteria from the standards needs to be presented.
Recent financial statements of a listed company from ASX need to be used to demonstrate the application of presented recognition, measurement or disclosure criteria.
Proper referencing to the standards and financial report is needed. Company selection and topic selection should be done in class in
week 6.
Presentation topics:
(a) Conceptual framework: reporting Entity
(b) Conceptual framework: Assets
(c) Conceptual frame work: liabilities
(d) Conceptual frame work: income
(e) Conceptual frame work: Expenses
(f) Conceptual frame work: owners' equity
(g) Accounting for current assets
(h) Accounting for property plan equipment
(i) Accounting for intangibles
(k) Impariment
(k) Accounting for leases