Recent Question/Assignment
HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
Assessment Details and Submission Guidelines
Trimester T1 2022
Unit Code HI5020
Unit Title Corporate Accounting
Assessment Type Individual Assignment
Assessment Title Raising funds for corporate operations and liabilities, provisions, contingent liabilities and contingent assets.
Purpose of the assessment (with ULO
Mapping) This assignment aims at developing a clear understanding of students on different sources of funds used/raised by companies. They will need to identify different sources of fund used by two selected companies, discuss the evolution of the sources of fund used by the selected companies over a period of 5 years. They will have to relate the relative merits of different sources of funds used by the selected companies and shed lights on why the selected companies are using different sources of fund differently. Students will also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets and identify use of this standard by the selected companies. (ULO 1, 3, 4, 5).
Weight 35 % of the total assessments (35 marks)
Total Marks 35 % in a written report
Word limit 3000 words ±500 words
Due Date Assignment submission: Final Submission of individual Assignment: Wednesday, Week 10, 11:59 pm
Late submission incurs penalties of five (5) % of the assessment value per calendar day unless an extension and/or special consideration has been granted by the lecturer prior to the assessment deadline.
Submission Guidelines • All work must be submitted on Blackboard by the due date, along with a completed Assignment Cover Page.
• The assignment must be in MS Word format, with no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.
• Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Adapted Harvard referencing style.
Adapted Harvard Referencing
Holmes has now implemented a revised Harvard approach to referencing. The following guidelines apply:
1. Reference sources in assignments are limited to sources which provide full text access to the source's content for lecturers and markers.
2. The Reference list should be located on a separate page at the end of the essay and titled: References.
3. It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example;
Hawking, P., McCarthy, B. and Stein, A. (2004), Second Wave ERP Education, Journal
HI5020 Corporate Accounting Individual Assignment T1 2022
Assignment Specifications
Assessment tasks:
Assessment tasks:
(a)
Collect the latest annual reports of Two (2) ASX listed companies for the last 3 years. Based on your collected annual reports, do the following tasks:
(i) Identify the different sources of fund that have been used by your selected companies
(ii) Examine the evolution of the sources of fund used by the company over the last five years period with specific focus on the changes of different sources of funds
(iii) What percentage of the fund is internally generated and what percentage of the fund is externally generated.
(iv) Explain the relative merits and demerits of the different sources of fund used by your selected companies.
(v) Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which ones of the liabilities are interest bearing and which ones are not interest is bearing.
(vi) Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets.
(vii) Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports.
(b) Write a reflective journal of what you have learned from studying this unit, and what did you find interesting.
The assignment Structure should be as the following:
Abstract - One paragraph
List of Content
Introduction
Body of the assignment with a detailed answer on each of the required tasks Summary/Conclusion
List of references …..
Marking criteria
Marking criteria Weighting
Abstract 1%
List of content & overall presentation of the assignment 1%
Introduction 1%
Identify the different sources of fund that have been used by your selected companies 3%
Examine the evolution of the sources of fund used by the company over the last 3 years period with specific focus on the changes of different sources of funds 4%
What percentage of the fund is internally generated and what percentage of the fund is externally generated. 2%
Explain the relative merits and demerits of the different sources of fund used by your selected companies. 4%
Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which one of the liability interest bearing and which one is not interest is bearing. 4%
Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets. 4%
Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports. 4%
Write a reflective journal of what you have learned from studying this unit, and what did you find interesting 6%
Conclusion 1%
TOTAL Weight 35%
Academic Integrity
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral to maintaining academic quality and the reputation of Holmes' graduates. Accordingly, all assessment tasks need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please consult your lecturer or tutor for relevant referencing guidelines and support resources. 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 from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Table 1: Six categories of Academic Integrity breaches
Plagiarism Reproducing the work of someone else without attribution. When a student submits their own work on multiple occasions this is known as self-plagiarism.
Collusion Working with one or more other individuals to complete an assignment, in a way that is not authorised.
Copying Reproducing and submitting the work of another student, with or without their knowledge. If a student fails to take reasonable precautions to prevent their own original work from being copied, this may also be considered an offence.
Impersonation Falsely presenting oneself, or engaging someone else to present as oneself, in an in-person examination.
Contract cheating Contracting a third party to complete an assessment task, generally in exchange for money or other manner of payment.
Data fabrication and falsification Manipulating or inventing data with the intent of supporting false conclusions, including manipulating images.
Source: INQAAHE, 2020
Marking Rubric
Excellent 80-100% Very Good 70-79% Good 60-69% Satisfactory 50-59% Unsatisfactory 0-49%
Identify the different sources of
fund that have been used by your selected companies Specific sources of liabilities and
equities have been clearly identified.
Demonstrate a
clear
understanding of each sources Specific sources of liabilities and
equities have been clearly identified. Gross amount
of liabilities and equities have
been identified
without specific identification of each sources. Gross amount of liabilities
and equities have been identified without
specific
identification of each
sources. There are some
errors Has failed to identify
different
sources of
fund used by
the company.
Many errors in the answer or has
misunderstoo d the question
Examine the evolution of the
sources of fund used by the
company over the
last 3 years period with specific focus on the changes of
different sources of
funds The evolution of different sources
of funds within the company
(with specific focus on their changes) has
been discussed comprehensively. The evolution of different sources
of funds within the company (with specific focus on their changes) has
been discussed with minor errors. The evolution of different
sources of funds within the
company (with
specific focus on
their changes) has been
discussed with major errors. The evolution of different sources of
funds within
the company
(with specific focus on their
changes) has been
discussed with major errors.
The answer still make sense Has answered the question with many
errors and
misunderstand ing or has not answered the question
What percentage of the fund is
internally
generated and what percentage of the fund is externally generated. Has shown the percentage of
each sources of funds used by the company
distinguishing between
externally
generated funds and internally generated fund. Has shown the percentage of
each sources of
funds used by the company.
Externally generated funds and internally
generated funds have been
distinguished with minor errors. Has shown the percentage of
each sources of funds used by
the company.
Externally generated funds and internally
generated funds have been
distinguished with major errors. Has shown the percentage of each sources
of funds used by the
company. Externally generated funds and internally
generated
funds have not been
distinguished. Has not shown the
percentage of each sources
of funds used by the
company. Externally generated funds and internally
generated
funds have not been
distinguished.
Explain the relative merits and demerits of the different sources of fund
used by your selected companies. The relative merits and
demerits of the
different sources
of funds used by
the company have been The relative merits and
demerits of the
different sources
of funds used by
the company have been The relative merits and
demerits of the different
sources of funds used by the company have The relative merits and
demerits of
the different sources of
funds used by the company Insignificant or no
acceptable
attempt has
been made to the relative merits and
explained with particular
reference to the
context of the selected companies. explained. Has
made reference
to the context of the selected
companies with minor errors been explained with minor errors. Has
made reference to the context
of the selected
companies with major errors have been
explained with
major errors and
confusions. No reference has
been made to
the context of the selected companies demerits of
the different sources of
funds used by the company
have not been explained
Critically examine different types of
liabilities shown in the balance sheet of your selected
companies? Identify
which one of the liability interests
bearing and which
one is not interest is bearing. All different types of liabilities have been
identified. Has correctly
identified
interest bearing
and non-interestbearing liabilities. All different types of liabilities have been identified.
Minor errors in identifying
interest bearing
and non-interestbearing liabilities. All different types of
liabilities have
been identified.
Major errors in identifying
interest bearing and non-
interest-bearing liabilities. Minor errors in identifying
different types of liabilities.
Major errors in identifying interest
bearing and
non-interestbearing liabilities. Has not been able to
identify
different types of liabilities.
Has not been able to
identify
interest
bearing and
non-interestbearing liabilities.
Critically examine the key provisions
under the AASB 137
‘Provisions, Contingent
Liabilities and
Contingent Assets. Has shown an excellent grasp of the concepts under AASB 137 Has shown a good level of
understanding of the concepts under AASB 137 Has shown a basic level of
understanding
of the concepts under AASB 137. Has shown a poor level of
understanding of the
concepts
under AASB 137. Has not shown any acceptable level of
understanding of the
concepts
under AASB 137.
Identify if your selected companies have made any
reference to this
particular standard
(AASB 137) in their annual reports. Has been able to identify and explain the areas where the selected companies have made reference to AASB 137 Has been able to identify and explain the areas where the selected companies have made reference to AASB 137 with minor errors. Has been able to identify and explain the
areas where the selected
companies have
made reference
to AASB 137 with major
confusions or errors. Has been able to identify and explain the
areas where the selected companies
have made
reference to
AASB 137 with major
confusions or errors. Has not been able to
identify and explain the
areas where the selected companies
have made
reference to AASB 137.
Write a reflective journal of what you have learned from studying this unit, and what did you find interesting An excellent reflection has
been written
A very good reflection has been written A good reflection has been written A basic reflection has been written Has not answered or a very poor
reflection has been written