RECENT ASSIGNMENT

BUACC2603 CORPORATE ACCOUNTING
RESEARCH ASSIGNMENT
SEMESTER 1, 2014

RESEARCH TOPIC
Polaris Ltd is a public company which is listed on the Australian Securities Exchange and has
numerous small shareholders. Polaris Ltd owns 35% of the issued ordinary shares of Beta
Ltd. The remaining shares of Beta Ltd are widely distributed among numerous small
shareholders, none of which own more than 4% of Beta Ltd. Beta Ltd’s constitution provides
that at general meetings of the company, ordinary shareholders are entitled to vote on
resolutions and elect directors, on the basis of one vote per ordinary share.
At general meetings of Beta Ltd, resolutions proposed by Polaris Ltd are invariable passed,
and candidates for directorships nominated by Polaris Ltd are invariable elected, because
many small shareholders in Beta Ltd do not exercise their right to attend general meetings
and vote.

REQUIRED
Advise Polaris Ltd whether it is required to produce consolidated financial statements
(CFS). Consider the levels of control and the members’ rights in your answer.
MARKING SCHEME
Assessment Score
Allocation
Word
Count
Very
Good
Good Average Poor Very
Poor
1. Synopsis / abstract 2.5 150
2. Introduction 5.0 150
3. Part A - CFS 20.0 450
4. Part B - Control 30.0 600
5. Part C - Rights 25.0 500
6. Conclusion 5.0 150
7. Referencing and citations 5.0
8. Evidence of reading, quality and
quantity
2.5
9. English expression, coherence,
grammar and spelling
5.0
Score (out of 100) 100.0
Mark (score divided by 5)


INFORMATION
Your research assignment must be submitted at the beginning of your seminar in week 10.
Penalties will apply for late submission.

The following matters should be given particular attention:

1. Assignments must not exceed the word counts indicated. Double space your pages, use a 12-
pt Times New Roman font, use 2 cm margins on all four sides of your page.
2. Your assignment must include an abstract/synopsis, introduction, essay body that clearly
addresses the problem areas, a conclusion and a properly referenced appendix. (refer to the
research essay marking rubric for further guidance)
3. Evidence of extensive research beyond the prescribed text is required. Ensure these are
referenced appropriately. Refer to the statement regarding plagiarism.
4. NO extensions will be granted unless supported by appropriate documentation prior to the
due date.
5. This assignment must be handed in for successful completion of the course and will count 20
marks towards the final mark.
6. The word count for the assignment is 2000 words. Please refer to the Research Assignment
Marking Scheme for the specific allocation of words for each specific section of your
assignment (refer point 2 above).
7. Scores (fractional marks) have also been allocated to each specific section of your
assignment.
8. The research assignment is to be conducted in groups of two. Students do not have the option
to extend or reduce the size of the group. If the class has an odd number of students then one
student must undertake the assignment on their own.