BA/BSc Honours Degree
ACADEMIC YEAR 2019-20
ASSIGNMENT BRIEF
ADVANCED FINANCIAL REPORTING
ACFI3221
Assessment Learning Outcomes
Following completion of this assignment students should be able to/have:
Consider the financial reporting standards applicable to reporting the results of
individual and business combinations
Evaluate the current developments to the financial reporting framework and the
implications of those developments
Critically review financial reporting standards in issue and evaluate the
associated commercial issues
The ability to apply appropriate skills to filter, analyse and evaluate data and draw
reasoned conclusions and made appropriate recommendations.
The ability to learn independently and self manage learning needs
The ability to communicate in a manner appropriate to the intended audience
In line with the module learning outcomes.
Assessment Transferrable Skills
This assessment has been developed to ensure students have the ability to:
synthesis large volumes of information to develop a cohesive argument for or
against a specific accounting treatment
follow guidance and comply with regulations
work within a set timeframe to respond to a given task
present information without an overreliance on visual support
ACFI 3221 Assignment Brief 2019-2020 3
Assignment Brief
Prepare a transcript and record a five minute podcast to discuss the
following issues
In May 2018 the Australian Accounting Standards Board (AASB) asking the
international accounting community for clear guidance on how crypo-assets
should be treated in the financial statements.
Their commentary noted that crypo-assets could be treated in one of four
ways depending on which of the current accounting standard are consider to
be relevant.
https://www.aasb.gov.au/admin/file/content102/c3/AASB_ASAF_DigitalCurrency.pdf
Requirement
Select one of the four relevant accounting standards per the AASB and
critically evaluate whether crypto-assets should be accounted for in
accordance with the guidance provided in the accounting standard.
Submission date
Thursday 12 th December 2019.
Assessment Criteria %
Content/ Terms/ Findings/ Definitions 30
Breadth / Depth / Integration of Literature 15
Analysis /Critical evaluation /Discussion
/Exposition/Reflection
30
Balanced response 5
Presentation and structure 10
Bibliography/Citations/Harvard referencing 10
100
Detailed analysis of the marking criteria is provided on pages 3 and 4 of the
module assignment brief and additional supporting information is provided on
blackboard.
ACFI 3221 Assignment Brief 2019-2020 4
SUBMISSION:
Students are required to submit one electronic copy of their transcript and
their podcast through Turnitin before 11:59am on 12 th December 2019.
To allow us to match your podcast and your transcript together please
references your files with A_ or T_ and your p number. Your files should
be referenced as follows:
A_1234567 (audio file)
T_1234567 (transcript)
Students are reminded that midday is the latest time that the podcast and
transcript can be submitted not the only time.
Failure to submit both components in the correct format by the deadline
will be classed as late submission and will eb treated in accordance with
the university regulations for late submission.
It is the student’s responsibility to retain a copy of the assignment and the
Turnitin digital receipt which is timed and dated as proof of submission.
Late hand-in:
Penalties will be imposed for unauthorised late hand-in of work, as
follows:
Up to 14 days late without permission Max. mark 40%
More than 14 days late without permission 0%
EXTENSIONS:
Permission for an extension can only be obtained from the Module
Leader (Lisa Wakefield) on presentation of an appropriately completed
Coursework Extension Form (available from the Student Advice Centre)
with the necessary written evidence attached.
Do not phone or email to ask for an extension as only a formal
written request is acceptable.
These forms will be signed by the Module Leader as the only official
approval of late hand-in.
No other authorisation process has any official status and students
will be penalised for not following this procedure when requesting
extra time for assignments.
Do not leave an extension request until the day of submission as it is
unlikely to be administered in sufficient time to be valid.
ACFI 3221 Assignment Brief 2019-2020 5
PODCAST Content/ Terms/ Findings/
Definitions/ Calculations
Breadth / Depth / Integration
of Literature
Analysis /Critical evaluation
/Discussion
/Exposition/Reflection
Balanced response Presentation & structure Use of resources & Harvard
Referencing (transcript only!)
Task details Content Integration & application of
information
Line of argument,
development of discussion
Appropriate response to all
elements of the requirement
Follows structure & keeps to
time limit of 5 minutes +/- 1
minute
Follows Harvard style for in-
text citation & Reference List
/marks / 30 Marks / 15 Marks / 30 Marks / 5 Marks / 10 Marks / 10 Marks
80-100
Outstanding
Outstanding… Exploration of
topic showing excellent
knowledge & understanding
through thorough & appropriate
research.
Impressive choice and range of
appropriate content.
Outstanding… Business and
technical insight & application.
Breadth, depth & integration of
literature/data/real world
examples into work.
Outstanding… Level of
discussion/analysis/ critical
evaluation &/or reflection.
Highly developed/ focused
work.
All discussion supported with
high quality evidence
Outstanding… Exceptionally
clear and well established
response to all three
components of the assignment.
Response weighting is
considered to be appropriate in
terms of content and analysis..
Outstanding… structure with
flowing prose and engaging
tones.
Podcast is easy to follow and
an enjoyable and informative
listening experience.
Outstanding… Standard of
referencing within text &
reference list consistent use of
Harvard referencing system.
Accuracy of in-text references
& full details shown in
Reference list.
70-79
Excellent
Excellent … Level of
knowledge & understanding
demonstrated.
Evidence of appropriate
reading.
Covers all relevant points &
issues.
Excellent … Business and
technical insight & application.
Breadth, depth & integration of
literature/data/real world
examples into work.
.
Excellent… Level of
discussion/analysis/ critical
evaluation &/or reflection
clearly developing points in the
appropriate way with thorough
consideration of all possibilities.
All discussion supported with
quality evidence
Excellent … Clear and well
established response to all
three components of the
assignment.
Response weighting is
considered to be appropriate in
terms of content and analysis.
Excellent … structure with
flowing prose and engaging
tones.
Podcast is easy to follow and
an enjoyable and informative
listening experience.
Only minor stumbles and
breaks in the content.
Excellent… Standard of
referencing within text &
reference list reference list
consistent use of Harvard
referencing system.
Accuracy of in-text references
& full details shown in
Reference list.
60-69
Very Good
Very good… Level of
knowledge & understanding
demonstrated.
Covers most relevant points &
issues.
Few errors / omissions in
content/calculations.
Very good… Business and
technical insight & application.
Breadth, depth & integration of
literature/data/real world
examples into work.
Very good… Level of
discussion/analysis/ critical
evaluation &/or reflection & a
few ideas/points could benefit
from further development &/or
evaluation/comparison.
All discussion supported with
evidence
Very good… shows a well
thought out response to all
three components of the
assignment.
Response weighting is
considered to be appropriate in
terms of content and analysis.
.
Very good… structure with
flowing prose and engaging
tones.
Podcast is the majority easy to
follow and an enjoyable and
informative listening
experience.
Some stumbles and breaks in
the content.
Very good… Standard of
referencing within text &
reference list consistent use of
Harvard referencing system.
Accuracy of in-text references
& full details shown in
Reference list.
ACFI 3221 Assignment Brief 2019-2020 6
50-59
Good
Good… Grasp of the topic &
some of its implications
presented.
Knowledge & understanding is
demonstrated.
Minor errors / omissions in
content/ calculations.
Good… Business and technical
insight & application.
Breadth, depth & integration of
literature/data/real world
examples into work.
.
Good… Level of
discussion/analysis/ critical
evaluation &/or reflection but
more ideas/points could be
addressed /developed further.
Majority of discussion
supported with third party
evidence
Good… shows a thorough
response to all three
components of the assignment.
Response weighting is
considered to be appropriate in
terms of content and analysis.
.
Good… structure with flowing
prose and engaging tones.
Podcast is in places hard to
follow but remains an enjoyable
and informative listening
experience.
Some stumbles and breaks in
the content.
.
Good… Standard of
referencing within text &
reference list consistent use of
Harvard referencing system.
Accuracy of in-text references
& full details shown in
Reference list.
40-49
Satisfactory
Satisfactory… Content / level
of knowledge of the topic.
Addresses part of the task.
Some errors / omissions in
content/ calculations. May
benefit from further research.
Satisfactory… Business and
technical insight & application.
Limited integration with
literature/ data.
Use of literature/data/real world
examples but limited in
breadth OR depth.
Satisfactory… Basic evidence
of discussion/analysis/ critical
evaluation &/or reflection but
some points superficially made
so need further development.
Some attempt to link
discussion with third party
supporting evidence
Satisfactory… shows an
attempt at responding to all
three components of the
assignment.
Response weighting is not
considered to be appropriate in
terms of content and analysis.
Satisfactory… structure with
clear prose and varying tones.
Podcast is hard to follow but
remains an informative
listening experience.
Stumbles and breaks in the
content impact the overall
effect.
.
Satisfactory… Basic
referencing within text &
reference list consistent use of
Harvard referencing system.
Accuracy of in-text references
& full details shown in
Reference list.