It is a Advanced Financial Accounting which required 600 essay. The deadline is tonight at 11p.m.
Advanced Financial Accounting
Individual Assignment Assessment Requirements
Weighting: 10% (marked out of 75)
Word Limit: The essay should be a maximum of 600 words (excluding references).
Learning objectives assessed:
This assessment task is designed to test your achievement of learning objectives 1, 2, and 4.
This is an individual assessment task not a group project.
It is designed to assist you in demonstrating your knowledge of, and ability to critically assess influences on a contemporary issue in financial reporting and disclosure. It also provides you with an opportunity to further enhance your research, judgement and written communication skills.
BACKGROUND: Issue to be investigated: Graph use in financial reports
The growing complexity of business transactions and greater regulatory scrutiny have significantly increased the demands on corporate reporting. Corporate boards face a tremendous challenge where they need to clearly communicate key information to various stakeholders whilst ensuring efficient use of firm resources.
A recently released KMPG (2015) report* revealed that organizations have increasingly decluttered their financial reports in response to reducing complexity in corporate reporting. This report noted that a few organizations have started using graphs in presenting their financial information to enhance clarity in communication.
* KPMG. (2015). A new era in corporate reporting: Review of recent corporate reporting and decluttering trends in the ASX 200. KPMG: Australia, September.
QUESTION: Specific requirements and guidelines:
You are to research the issue of using graphical representation as a means of communicating financial information, and write an essay to critically evaluate the use of graphs in financial reports with reference to the Conceptual Framework for Financial Reporting. Support your position and discussion with reference to academic journal articles.
• Word limit is 600 words (excluding references).
• Use a minimum of FIVE academic journal articles. The following is an example of journal article which provides some background information to assist you when completing this assignment:
Dilla, W.N., & Janvrin, D.J. (2010). Voluntary disclosure in annual reports: The association between magnitude and direction of change in corporate financial performance and graph use. Accounting Horizons, 24(2), 257-278. General guidelines:
• A signed cover sheet must accompany your assignment.
• A marking rubric outlining the assessment criteria and how your work will be assessed against these criteria is attached to this document.
• A word count must be included. Students exceeding the word limit by more than 10% will incur a mark penalty.
• Students must submit a properly referenced assignment. Students who submit an assignment without in-text referencing and reference list will have their assignment returned to them and receive zero marks. These students may choose to re-submit their assignment with appropriate referencing, however students will only be eligible to receive half of the total available marks (i.e a maximum of 5 out of a total possible 10 marks).
• You must keep a copy of your submission until your marked assignment is returned.
ACC/ACF3100 Semester 1, 2016 Marking Rubric for Individual Assignment
MARKING CRITERIA N P C D HD
Task Fulfilment (15%) 0 – 7 7.5-8.5 9-10 10.5-11.5 12-15
Awareness of purpose and concise discussion of the issue in the introduction
Length 600 words
(excluding references) Little or no evidence of awareness of purpose. Poor discussion of the issue.
The assignment may be
significantly under or over length. Awareness of purpose is discernible, but limited. Limited discussion of issues.
Within word limit. Awareness of purpose is generally clear and appropriate. Discussion of the issue are mostly adequate. Within word limit.
Addresses most elements of the task appropriately. Awareness of purpose and discussion of issue are clear and appropriate. Within word limit. All aspects of the task are addressed including an effective discussion. There is room for development. A sophisticated awareness of purpose. Concise discussion of the issue and all aspects of the task are
comprehensively addressed. Within word limit.
Judgement & Argument (25%) 0-12 12.5-14.5 15-17 17.5-19.5 20-25
Position and logical progression
Critical evaluation of using graphs in financial reports (at least one
advantage and one disadvantage)
Reference to the
Conceptual Framework Degree of support Position may be unclear. May lack logical progression and/ or accurate interpretation. Poor evaluation of the issues leading to inadequate argument and conclusion. A position is discernible. Evidence of logical progression. Limited evaluation of the issues. There is some attempt at argument and conclusion, but support is limited. A position is presented, developed and supported. Evaluation of the issues is mostly adequate. Argument and conclusion are developed with some support but there may be inconsistencies. Logical progression from a clear position to a critical stance in the evaluation of the issues drawing upon relevant support.
Argument and conclusions are persuasive and engaging. A clear, wellintegrated position is evident throughout. There is thorough critical evaluation of the issues leading to logical, wellsupported and convincing argument and conclusions.
Research & Evidence (20%) 0 – 9.5 10-11.5 12-13.5 14-15.5 16-20
Selection of relevant academic texts
(minimum 3 academic
journal articles )
Integration of sources
Citing and referencing Little or no evidence of relevant research and/or poor use
and
acknowledgement of sources. Texts selected may be inappropriate and/ or poorly integrated, and cited. Referencing may be uniformly poor. Evidence of basic research, but some sources may be inappropriate or irrelevant. Use of readings to support position may be variable. Citing and referencing is attempted, but may be faulty. Academic sources are used appropriately to support position but they may be limited in scope and quality. Some errors in citing and referencing may persist. Well selected texts and evidence of wide reading. Clear engagement with academic sources which are well-utilised to support position. Citing and referencing is generally appropriate and accurate. Clear evidence of a wide variety of quality academic reading. Skilful
engagement and deployment of sources to enrich discussion and evaluation.
Accurate citing and referencing.
Clarity & Structure of Communication (15%) 0 – 7 7.5-8.5 9-10 10.5-11.5 12-15
Balance and cohesion Written expression Essay structure is poor. Paragraphs are poorly organised and linked. There are numerous errors and inaccuracies
in written expression. Essay contains essential elements; however organisation and linking may be weak. Written expression may be inconsistent and inaccurate in parts. Essay contains essential elements; paragraphs are fairly organised and linked. Written expression is generally adequate and appropriate. Essay contains essential elements; paragraphs are well-linked and balanced. Written expression is well-controlled for accuracy and concision with only occasional error. Essay contains essential elements; each paragraph is very well-linked and balanced. Idea is clearly organised and expressed in concise, accurate and engaging language.