Assignment -
Purpose: This assessment is designed to allow students to demonstrate a higher level of understanding of accounting standards and theoretical and philosophical approaches, as they apply to the resolution of more complex accounting problems.
Topic: This assignment covers the in-depth theoretical concepts with practical accounting task application based on the topics from the subject.
Task Details:
1. Students are required to prepare a comprehensive report directed to an Australian ASX Top 100 listed corporation detailing a critical analysis of the effectiveness of the corporation to meet the obligations of the conceptual framework of accounting.
Selected company is Xero limited.
2. Specific questions to be answered. (The detail of this can be found in the copy of the Conceptual Framework found on moodle).
As a starting point you may like to consider these questions:
1. Has the company met the objectives of General Purpose Financial Reporting?
2. Are the target audience of General Purpose Financial Reports able to adequately use this report to gather information for their needs?
3. Has the company satisfied the recognition criteria for the elements of financial statements?
4. Has the company exhibited the Fundamental qualitative characteristics of Financial Reporting?
5. Has the company exhibited the Enhancing qualitative characteristics of Financial Reporting?
The analysis and supported recommendations need to be formatted into a professional report as would be expected in a modern organisation by management and clients.
Students need to support their analysis and recommendations with the text and Requirements: minimum of 10 recent and relevant academic journal articles. Other sources may also be used but students need to be confident of the academic validity of such sources.
Presentation: Report - 1500 +10% word report The word count excludes the cover sheet, contents page, references, appendices, and illustrations (e.g. diagrams, graphs and tables). While 1500 words is the guideline but main focus should be on quality rather than the quantity of the words.
The report should be typed double spaced, using Times New Roman font size of either 10 point or 12 point.
1. Every page should be clearly numbered.
2. The assignment should include the following parts:
3. A title / cover page, which indicates basic information such as Subject title, Subject code, Trimester number, Assignment title, group members' full names and KOI student numbers, word count and name of the tutor;
4. Executive Summary;
5. Table of Contents;
6. Main contents - Introduction, analysis using suitable headings and subheadings, Conclusions and Recommendations, Appendices (if any);
7. References (using Harvard - Anglia style); and/or
8. Attachments.
Attachment:- Assignment Files.rar