ACC518 Current Developments in Accounting Thought
Additional Assessment Task 201530
Due Date – Monday 31 August 2015
Presentation
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Question 1 (15 marks)
Find a professional journal article or web page report of an item of accounting news. The report/article must refer to a current event, consideration, comment or decision that has been published on or after 1st April, 2015. Your article could probably come from one of the professional journals such as ‘Charter’ or from ICAANZ, CPA Australia and ICAEW UK or from other professional bodies. The article should not come from an academic journal. Academic journals generally publish 2 or 4 times a year, thus you may not be able to find the latest accounting news. If you are having a problem ensuring that your article is from an appropriate source, contact your Subject Coordinator for advice.
Write an analytical report on the article that you have found in your own words. Relate the concepts ideas and facts to one or more theories or topics you have studied in this session. For example, the selected article may link to topics such as measurement in accounting, normative accounting theory (Conceptual framework) or Accounting regulations and politics.
Provide a copy of the article with details of the source, date and page numbers with your report.
Please follow the link for resources to improve your writing skills, if you wish to do so. -http://bit.ly/FoBAcademic-Writing-Skills- bit.ly/FoBAcademic-Writing-Skills
1
Question 1 Marking criteria
Criteria High Distinction Distinction Credit Pass Marks
Ability to research and describe an accounting issue.
Inclusion of professional journal article of accounting news Student has produced a comprehensive report identifying all key issues in depth, with examples from the selected article.
Copy of the article provided Student has produced a detailed report on the accounting news from the selected article, with identification of all key issues
Copy of the article provided Student has produced report on identified accounting news from the selected article, with identification of most key issues
Copy of the article provided An attempt has been made to understand and describe article. Limited inclusion of facts and details from the article.
Link to the article provided
/3
Description of major issues in article that you selected to discuss. Advanced articulation and identification of key issues that have been discussed in the article Clear identification of relent issues, some detailed discussion Clear identification of the issues in the article. Limited discussion. Some attempt to identify issues in financial reporting
/3
Integration of major issues in one or more topics presented in the subject. Response identifies a range of relevant topics and theories and is able to deconstruct and evaluate the issues through the use of theories and arrive at a logical position, for example by synthesizing the insight of different theories. Response uses theory to provide a clear explanation and analysis of most of the relevant issues in the article. Most relevant factors have been identified, with a base level description of each The discussion addresses most of the issues raised in the task but
lacks clarity and relevant
discussion
/2
Critical Capacity: Has the student critically analysed the underlying assumptions of the The report critically analyses the issues raised in the article and relates findings to the current debate in accounting. The report critically analyses all the underlying assumptions of the accounting theories in the examples used. The report critically analyses most issues that were discussed in the article with limited depth, Discussion rather than a critical analysis has been used to create a general report with little or a lack of evidence of
/3
2
accounting theories they have used as examples. The report clearly outlines the major findings of the investigation and the impact of these findings to financial accounting reporting. lacks connection to the focus of the findings. independent critical thinking in regards to issues of the article.
Academic Writing: Is the answer easy to follow and understand The report is professionally presented. All grammar and punctuation is correct. The report is written in an appropriate style; it is highly engaging with a clear flow.
All sections of the report have been included and correctly structured.
The report is
professionally presented
Grammar and punctuation is correct with some minor flaws. No spelling errors.
The report demonstrates some elements of professionally
presentation but overall lacks sophisticated structure.
The majority of the grammar and punctuation is correct, minor spelling errors. There are some errors in
grammar and punctuation
The report is not engaging and/or is not easy to read
/2
Student has used referencing system clearly and accurately.
The APA referencing system has been used clearly and accurately to record all cited sources in the report.
The APA referencing system has been used clearly and accurately to record all cited sources in the report but needs minor improvements
The APA referencing system has been accurately used throughout, contains obvious punctuation errors and no more than 1 article has been omitted. The APA referencing system has been applied to record cited sources in the report but major improvements necessary in these citations.
/2
Total marks /15
3
Question 2 (11 marks)
(1100 words excluding table of content and references)
Guggiola, G. (2010). IFRS Adoption in the E.U., Accounting Harmonization and Markets Efficiency: A Review, International Business & Economic Research Journal.
http://cluteinstitute.com/ojs/index.php/IBER/article/viewFile/350/339
Refer to the above journal article and develop a critical review report on following aspects:
Continental European countries historically relied upon capital provided by the State, banks or families. They are less reliant on Market Efficiency and have relatively less developed accounting professions. Given these barriers, do you think that the European Union will embrace the standardisation process for all member countries? Do you think standardisation of accounting standards on a global basis necessarily equates with a standardisation of accounting practice?
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Question 2 Marking criteria
Criteria High Distinction Distinction Credit Pass Marks
Ability to find comment letters, summarise issues and identify areas of agreement and
disagreement
Inclusion of copies of comment letters. Copy of the comment letters included.
Insightful articulation and identification of key issues in the comment letters.
All key areas of conjecture are discussed with evidence of all relevant factors Copy of the comment letters included. Detailed
discussion and identification of key issues in the comment letters.
All key areas of conjecture are described. Copy of the comment letters included.
Clear coverage of key issues in comment letters. Most of the areas of conjecture are described. A link to the comment letters provided
Summary provided, with one or two issues identified, but with various other issues overlooked.
/2
Justification as to why the theory or theories of regulation best explains the comment letters Response clearly applies all of the theories to the various issues in the comment letters and provides an insightful and original justification that critically evaluates the relevance of the theories to the issue. Response applies all the theories and various issues in the comment letters and provides a detailed justification that critically evaluates the relevance of the theories to the issue. Response applies most of the theories to various issues in the comment letters and provides a justification for the chosen theory or theories. Capacity to provide further detail in justification. Response briefly applies some of the theories to one issue in the comment letters and provides a basic justification for the most obvious theory.
/2
Critical Capacity: Analyse the underlying assumptions of the accounting theories they have used as examples The report discussion clearly addresses the issues raised in the comment letters and analyses, evaluates and contrast the underlying assumption of the theories of regulation.
The report outlines all the major issues of the comment letters and provides a logical investigation and analyses and evaluates the impact of these findings for standard setting process
The report outlines some of the major issues of the comment letters and attempts to analyses but
provides limited
evaluation of the theoretical relationship of the comment letters Discussion has been used to create a general report with little evidence of independent analysis or critical thinking on standard setting process and theoretical insights.
/3
5
Academic Writing: Is the answer easy to follow and understand? The report is professionally presented. All grammar and punctuation is correct. The report is written in a style appropriate and is highly engaging and easy to read and all sections of the report have been included and correctly constructed The report is
professionally presented
The majority of the
grammar and punctuation is correct
The report demonstrates some elements of professionally presentation but overall lacks sophisticated structure.
The majority of the grammar and punctuation is correct, minor spelling errors. There are some errors in
grammar and punctuation
The report is not engaging and/or is not easy to read
/2
Student has used referencing system clearly and accurately.
The APA referencing system has been used to clearly and accurately to record all cited sources in the report.
The APA referencing system has been used clearly and accurately to record all cited sources in the report but minor improvements are necessary
The APA referencing system has been accurately used throughout, contains obvious punctuation errors and no more than 1 article has been omitted. The APA referencing system has been used to record cited sources in the report but has made some major errors in these citations.
/2
Subtotal /11
6
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