RECENT ASSIGNMENT

Question 1 - 4 marks (750 words)
You are required to write an essay analysing the usefulness of alternative measurement systems to historical cost. Your essay needs to identify and describe three alternatives to historical cost accounting. In your essay you should explain the assumptions behind these theories and use examples of how they could be applied. Within your essay analyse the usefulness of the three alternative measurement systems and explain if you think any are a valid alternative to historical cost. Support your arguments with appropriate citations in APA 6 style.

Question 2 - 4 marks (750 words)
You are required to write an essay on the potential beneficiaries of the development of a conceptual framework. Would Hines (1989) argue that financial statement readers or the accounting profession will gain more from the establishment of a conceptual framework?
Hines, R (1989), -Financial accounting knowledge, conceptual framework projects and the social construction of the Accounting profession-. Accounting, Auditing and Accountability Journal, 2(2), pp. 72-92
Academic Writing and Referencing - 3 marks
Content assessed: Conceptual framework, measurement and normative theories.
Key generic skills: Research, critical thinking and written communication.

Question 1: High Distinction Distinction Credit Pass
Description and identification of theories of alternatives to historical cost. (SLO 3) Exemplary description of all of the key alternatives. Purpose of the alternatives and underlying assumptions thoroughly articulated. A high level of understanding demonstrated. Clear description/identification of the alternatives to historical cost. Purpose of theories also described. Examples are used to clearly examine the alternatives. Underlying assumptions discussed. Clear description/identification of the alternatives to historical cost. Purpose of theories also described. Examples are used to describe the alternatives. Underlying assumptions discussed. Attempt made at description/identification. Understanding of the theories demonstrated however purpose of theories may lack some clarity. Underlying assumptions identified but not discussed. 2
Critical Capacity and use of Source Material: Does the response demonstrate any analysis of the alternatives to historical cost? Is the critical discussion supported by reference to appropriate sources? Response provides a clear, deep and critical analysis of both the usefulness and the possible implementation of the alternative theories. Well communicated and supported, relying on a wide variety of source material. Response provides a clear, deep and critical analysis of the usefulness of the theories that draws on a wide variety of source material as well as the students own thoughts. Response provides a clear, deep and critical analysis of the usefulness of the theories that draws on source material as well as the students own thoughts. Some evidence of basic critical thought in relation to the various alternatives. That is based on only one source. 2
Question 2: High Distinction Distinction Credit Pass
Attempts to develop an apply a conceptual framework critically evaluated (SLO1) The argument of Hines is thoroughly examined from both the perspective of the accounting profession and financial statement readers. The student investigates the relative gain of both sectors. The argument of Hines is thoroughly examined from both the perspective of the accounting profession and financial statement readers. The essay clearly explains the perspective of Hines. A basic understanding of the perspective of Hines is demonstrated. 1
Critical Capacity and use of Source Material: Response provides a clear, deep and critical analysis that draws on source material as well as the students own thoughts. A well communicated and supported conclusion is reached. Response provides a clear, deep and critical analysis that draws on source material as well as the students own thoughts. The conclusion demonstrates a high level of understanding. Response provides a clear analysis and evaluation of the various perspectives that draws on a variety of source material. The conclusion demonstrates a solid understanding of the topic. Some evidence of basic critical thought in relation to the various perspectives that is based on only one source. A simplistic but clear conclusion is reached.