The assessments for this subject are described below. The description includes the type of assessment, its purpose, weighting, due date and submission requirements, the topic of the assessment, details of the task and detailed marking criteria, including a marking rubric for essays, reports and presentations. Supplementary assessment information and assistance can be found in Moodle.
KOI expects students to submit their own original work in both assignments and exams, or the original work of their group in the case of group assignments.
Purpose: This assessment is designed to reinforce the subject content and develop students’ skills and application of knowledge of the subject content to business situations. This assessment relates to learning outcomes a, b and c.Topic: This assignment covers the in-depth theoretical concepts with some practical accounting task application based on the topics from the subject.
Task Details: This assignment requires a consideration of accounting theory concepts with critical analysis with application to General Purpose Financial Reporting by corporations. 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.
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Answer: Introduction: The assessment aims in identifying the current financial capability of Woolworths for the financial year of 2017. Adequate background of the organization is depicted in the assessment, where its products and services are analyzed. Furthermore, the calculations such as profitability ratio, efficiency ratio, solvency ratio, and market ratio are conducted to identify the current financial position of Woolworths. Moreov...Read More
Answer Liquidation in three Australian Companies Introduction This report discusses the reasons why three companies in Australia were wound up and will try to look if at all if was the inability to pay its liability that was the main cause for the companies winding up. A further discussion on the APES 110 Code of ethics as well as the principles of governance as set by ASX will help to identify weaknesses in the operation of these three comp...Read More
Answer: Financial statement disclosures Scenario 1: It is clearly evident from “Paragraph 51 of AASB 116” that when any modification is made in the useful life of an asset, it would be taken into account as a modification in accounting estimate as well (Laing & Perrin, 2014). Therefore, it is not necessary to restate accounts retrospectively. The impact of the change would be on the financial reports of the prospective years...Read More
Answer Corporate Accounting Introduction: Capital structure of any business firm can be defined as the funding of its operating and investing activities through various types of funds. These funds can be classified mainly into two forms – equity capital and debt capital. Equity capital is accumulated from the owners of the business, whereas, debt capital is collected from different third parties (Robb & Robinson, 2014). It is ...Read More
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