Discuss assets and the problem of additivity

Assignment Help Financial Accounting
Reference no: EM131342054 , Length: word count:5000

The following matters should be given particular attention:

1. Writing assignments must not exceed the word counts indicated. Double space your pages, use a 12-pt Times New Roman font, use2 cm margins on all four sides of your page.

2. Your essay must include an abstract/synopsis, introduction, essay body that clearly addresses the problem areas, a conclusion and a properly referenced bibliography. (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 in your bibliography. 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 20marks towards the final mark.

6. The word count for the research essay is 3000 words. Please refer to the Research Essay Marking Rubric for the specific allocation of word count for each specific section of your research essay (refer point 2 above).

7. Points (fractional marks) have also been allocated to each specific section of your research essay.

8. The research essay 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.

9. Groups must select a company from the Australian Securities Exchange (ASX) website and download the 2016 annual report. Groups are not allowed to do the same company as other groups and preferably from different ASXsectors and should discuss their selection prior to commencing their research essay. No banks allowed.

RESEARCH ESSAY TOPIC
" ... in accounting what is represented as the monetary equivalent of certain kinds of assets at the time of their purchase is quite commonly taken as the monetary equivalent for some years later. The only monetary magnitudes which are significant for action at any time are the contemporary monetary equivalents of assets ..."

Chambers, R. J., 1969, Accounting Finance and Management, Arthur Anderson & Co, Sydney, p. 466.

1. With reference to the above statement describe what you understand by the term asset and how they are measured. Use your selected company annual report to provide examples

2. Discuss assets and the problem of additivity in the context of the present IASB framework. Refer to specific IASB accounting standards that require different approaches to measurement.

3. Evaluate the categorisation and treatment of assets in your selected annual report.

4. Comment on the relationship between asset measurementand decision useful information with examples from your selected annual report.

ENGAGEMENT

1. Week 4 - Tutor to advise students just before the test that the research essay is available and over the coming week they should think about forming groups of 2.

2. Week 5-EMPHASISE TO STUDENTS TO BEGIN THE WORK EARLY. All students to form groups of two and advise tutor. A discussion of the ASX sectors to take place. Students should discuss the selection of a sector and company that interests them. Tutor to record the groups. No groups are to have the same company. Banks are not allowed as they have particular problems. Over the week groups should select a company.

3. Week 6 - Groups are to advise the tutor of the company selected. Tutor to record the company selected by each group ensuring no group has the same company.

4. Week 7- Tutor should stress the importance to groups of beginning the work early and following the marking rubric.

5. Tutor to discuss problems arising and the differences between sectors and companies.

Auditing - 2000 words

Financial accounting - 3000 words

Reference no: EM131342054

Questions Cloud

Identify three training needs though training needs analysis : BUS 407- Design a two day training program for a group of twenty employees. Identify two to three training needs though a Training Needs Analysis (TNA) and justify an approach for this training.
Unintended consequences of zero-interest rate policy : Should you invest 2000 today in exchange for 10,000 in 25 years? What would be a main concern? Would your answer change based on who would be re-paying this debt? Airlines are an example of an industry that has high operating leverage. What do you th..
What is the price-earnings ratio : Frick and Frack has total assets of $1,230,500 and total assets turnover of 1.4. The firm has a profit margin of 10.2 percent. There are 35,000 shares of stock outstanding with a market value of $32 a share. What is the price-earnings ratio?
Balance sheet look like after the dividends are paid : The balance sheet for Throwing Copper, Inc., is shown here in market value terms. There are 25,000 shares of stock outstanding. What is the stock selling for today? What will the balance sheet look like after the dividends are paid?
Discuss assets and the problem of additivity : Evaluate the categorisation and treatment of assets in your selected annual report - Comment on the relationship between asset measurementand decision useful information with examples from your selected annual report.
Different possible conditions for patient differential : A description of the health history you would need to collect from the patient in the case study to which you were assigned. Explain what physical exams and diagnostic tests would be appropriate and how the results would be used to make a diagnosi..
What are the main ethics rules of the profession : Defining and understanding the elements of a group culture is essential to forging a professional identity either online or in person. These elements are important because they reflect how professionals interact, whether online or in person.
How were the banks expecting to make a profit by buying puts : According to an article in the Wall Street Journal, in late 2009, "Between Dec. 9 and 11, some big European and U.S. banks made bearish calls on the euro by buying one-year euro ‘puts.'"
Write essay about both farley and marvell speak approvingly : Write an essay about "Both Farley and Marvell speak approvingly of sexual promiscuity, although the former takes the femenine point of view and the latter takes the masculine point of view " Here are the instructions:

Reviews

len1342054

1/5/2017 2:41:46 AM

Your research essay must be submitted at the beginning of your seminar in week 10. Penalties will apply for late submission. TUTOR ENGAGEMENT 1. Week 4 – Tutor to advise students just before the test that the research essay is available and over the coming week they should think about forming groups of 2. 2. Week 5– EMPHASISE TO STUDENTS TO BEGIN THE WORK EARLY. All students to form groups of two and advise tutor. A discussion of the ASX sectors to take place. Students should discuss the selection of a sector and company that interests them. Tutor to record the groups. No groups are to have the same company. Banks are not allowed as they have particular problems. Over the week groups should select a company. 3. Week 6 – Groups are to advise the tutor of the company selected. Tutor to record the company selected by each group ensuring no group has the same company. 4. Week 7 – Tutor should stress the importance to groups of beginning the work early and following the marking rubric. 5. Tutor to discuss problems arising and the differences between sectors and companies.

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd