Short Critical Essays Value: 15%
Due Date: 19-Dec-2018
Return Date: 15-Jan-2019
Length: 2,500 words (guide)
Submission method options: EASTS (online)
Task back to top
Question 1 - 750 words
Chambers determined that ‘financial reports of companies failed to give a fair idea of their financial positions and profits’ (Deegan, 2014, p 182).
Explain what Chambers meant by this statement and evaluate whether Chambers’ method of accounting, Continuously Contemporary Accounting (CoCoA), adequately addressed this problem.
Question 2 - 750 words
Hines suggests that … 'Conceptual frameworks provide social legitimacy to the accounting profession’ (Deegan, 2014, p 259)
Explain what Hines meant by this statement. Evaluate whether the development of the conceptual framework is a political action to ensure the survival of the accounting profession.
Question 3 - 750 words
Modified historical cost accounting has been used to prepare accounts and annual reports and could be described as a normative theory. Identify and explain three techniques that can be used to evaluate a theory and use these to evaluate the theory of modified historical cost accounting.
Rationale back to top
This assessment task will assess the following learning outcome/s:
• be able to critically evaluate attempts to develop and apply a conceptual framework.
• be able to critically appraise the objectives of accounting and relate them to the various concepts of accounting discussed in earlier subjects.
• be able to analyse the possible usefulness of alternative measurement systems to historical cost.
Marking criteria and standards back to top
Question 1: High
Distinction Distinction Credit Pass
Description of the objectives of accounting and the role of
measuremen
t in meeting these objectives. Evaluation as
to whether
CoCoA
achieves these objectives (SLO2 and 3) Concepts thoroughly defined.
Response provides a deep and
insightful
critical evaluation of
the ability of
CoCoA to achieve these objectives. Concepts thoroughly defined. Response provides a thorough
critical evaluation of
the ability of
CoCoA to achieve these objectives. Concepts
clearly defined. Response adequately provides a clear appraisal of
of the ability of CoCoA to achieve these objectives. Concepts adequately defined.
Response a
limited critical evaluation of the of the
ability of
CoCoA to achieve these objectives. 2
Critical
Capacity and use of
Source
Material: Does the response demonstrate any analysis of the objectives of accounting?
Is the critical discussion supported by reference to appropriate sources? Critical analysis draws on source material as well as the students own thoughts. A well
communicate d and supported conclusion is reached. Critical analysis draws on source material as well as the students own thoughts. The conclusion demonstrates a high level of
understandin
g. Clear analysis and evaluation that draws on
a variety of source material. The conclusion demonstrates a solid understandin g of the topic. Some
evidence of basic critical thought that is based primarily on only one source. A simplistic but clear conclusion is reached. 2
Question 2: High
Distinction Distinction Credit Pass
Identification of the role of the conceptual framework. Deep and thoughtful identification of the role of the Thorough
identification of the role of the conceptual Clear identification of the role of the conceptual Attempt made at
identifying
some
aspects of 2
Evaluation of the roles of the conceptual framework. (SLO1) conceptual framework. Response provides an insightful evaluation of alternative roles given to the conceptual framework. framework. Response provides a well considered evaluation of alternative roles given to the conceptual framework. framework. Response provides a concise evaluation of alternative roles given to the conceptual framework. the conceptual framework. Evaluation of alternative roles of the conceptual framework may overlook some key issues.
Critical
Capacity and use of
Source
Material: Does the response
demonstrate
any critical analysis of the conceptual framework?
Is the critical discussion supported by reference to appropriate sources? Response provides a clear, deep and critical analysis of the conceptual framework. Well communicate d and supported, relying on a wide variety of source material. Response provides a thorough analysis of the conceptual framework that draws on a wide variety of source material as well as the students own thoughts. Response provides a clear critical analysis of the conceptual framework that draws on source material as well as the students own thoughts. Some
evidence of basic critical thought in relation to the conceptual framework that is based primarily on only one source. 2
Question 3: High
Distinction Distinction Credit Pass
Description of three techniques that can be used to evaluate a theory. Use of these techniques to evaluate modified historical cost Deep and thoughtful Thorough Clear Description 2
description of description of of three
description of three three techniques three techniques techniques that can be techniques that can be that can be used to that can be used to used to evaluate a used to evaluate a evaluate a theory evaluate a theory. Use theory. Use provided but theory. Use of these of these lacks some of these techniques to techniques to key techniques to evaluate evaluate elements. evaluate modified modified The student's
modified historical cost historical cost use of these
as a theory of accounting.
(SLO2). historical cost as a theory of accounting is clearly
articulated and supported. as a theory of accounting is clearly
articulated and supported. as a theory of accounting is satisfactorily
articulated and supported. techniques to evaluate modified historical cost as a theory of accounting may overlook
some key
issues but is otherwise reasonably well considered.
Does the response demonstrate
any critical evaluation of the issues surrounding conceptual framework projects? Are the arguments supported through the use of external sources? Response provides a clear, deep and critical analysis that draws on source material as well as the student's own thoughts. Well communicate d and supported. Response provides a clear, deep and critical analysis that draws on source material as well as the student's own thoughts. Response provides a clear analysis and evaluation of the various perspectives that draws on
a variety of source material. Some
evidence of basic critical thought in relation to the various perspectives that is based primarily on only one source. 2
Academic
Writing: Is the answer well written, easy to follow and understand? Accurate use of syntax, spelling and punctuation. A sophisticated vocabulary is appropriately
used. Answer
is logically structured
with arguments coherently developed Accurate use of syntax, spelling and punctuation; succinct and effective use of vocabulary. Clear expression and structure. Accurate use of syntax, vocabulary, spelling and punctuation. Writing is easy to follow and understand. Mostly accurate syntax, spelling and punctuation, language is simplistic but appropriate. 2
and supported.
Adherence to referencing guidelines Reference
list included with correct adherence to referencing guidelines. Correct intext referencing is provided. Reference
list and intext referencing performed in accordance with APA guidelines. Reference
list and intext referencing
performed largely in
accordance with the APA guidelines. Reference
list provided, formatted in APA style with minor
errors. Some in-text referencing provided with minor errors 1
15
Presentation back to top
The following points are a general guide for presenting assessment items.
• Assessment items should be typed.
• Use 1.5 spacing.
• Use a wide left margin. Markers need space to be able to include their comments.
• Use a standard 12pt font such as Times New Roman, Calibri or Arial.
• Left- justify body text.
• Include a separate title page with your name, student number, subject code, assessment number and assessment question. Include class time and tutor’s name if applicable.
• Number your pages (except the cover page).
• Use a header or footer with your name and student number on each page.
• Always keep a copy of your assessments. Both a hard copy and an electronic copy.
• Most importantly, always use your spelling and grammar checker, but remember that this does not pick up all errors. You must still manually and carefully edit your work.
Requirements back to top
For this assessment you are required to use APA 6 referencing to acknowledge the sources that you have used in preparing your assessment. Please refer to the CSU referencing guide http://student.csu.edu.au/study/referencing-at-csu. In addition a very useful tool for you to use that demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list can be found at https://apps.csu.edu.au/reftool/apa-6