ACC201 Research Financial Accounting

ACC201 Research Financial Accounting

ACC201 Research Financial Accounting

Assignment titleResearch assignment
Prescribed word limitPart 1: 600words + Part 2: 1400 words = 2000 words
(10% variation is acceptable)
Referencing styleHarvard Referencing System Style Guide
Assignment weight25% (The assessment will be marked out of 100 marks)
Assignment due datePart 1: Week 4, Monday 16 April at 8 am (30 Marks)
Part 2: Week 9, Monday 21 May at 8 am (70 marks)
Submission modePIA assignment cover page must be attached and signed
before its submitted by due day through MyPIA.

PART 1

In Part 2 of this assignment you need to choose an ASX listed company for financial analysis. To make the right choice you need to have a clear understanding of

  • Relevant information
  • Fair presentation
  • Accounting estimates

The following research topics are independent and not related to each other.

Research Topic 1: Relevant information for an investment company (Hint: Chapter 1)

A year ago you bought shares in an investment company. The investment company, in turn buys, holds and sells shares of business enterprises. You want to use the financial statements of the investment company to assess its performance over the past year.

Required:

  1. What financial information about the investment company’s holdings would be most relevant to you? 
  1. The investment company earns profits from appreciation of its investment securities and from dividends received. How would the concepts of recognition in the conceptual framework apply here?

Research Topic 2: Fair presentation (Hint: Chapter 16)

The directors of an Australian company that is required to prepare financial reports under the Corporations Act conclude that applying the requirements of AASB 136/IAS 36 Impairment of Assets would not provide a fair presentation because the resulting $80 000 impairment loss is temporary.

Required:

Advise the directors how this problem should be addressed in the financial statements in accordance with AASB 101/IAS 1.

  • Polytechnic Institute Australia        
  • ACC201 – Financial Accounting

Research Topic 3: Accounting estimates (Hint: Chapter 18)

The board of directors has resolved to change its accounting policy for capitalising gains or losses on its cash flow hedges recognised in other comprehensive income. Previously, such gains or losses were capitalised to hedged items but the directors now believe that taking such gains or losses to profit or loss is a more appropriate treatment. Due to a recent computer virus, all data from the non-current asset register, including specific depreciation details from prior periods, has been destroyed.

Required:

The board of directors has approached you for advice regarding the disclosures, if any, that are required for this change in accounting policy.

Marking Rubrics:
No.Marking schemeMarks
1Research Topic 110
2Research Topic 210
3Research Topic 310
Total30

Note:

  • Please read the “Submission of Assessment Items” on page 14 in unit outline of ACC201.
  • Please read the “Academic Misconduct and Plagiarism” on page 17 in unit outline of ACC201    Page 2 | 2

David Marks

Dear sir/Ma'am

Our dedication and hard work towards developing quality content has made us competent to provide excellent services to the clients as per their needs. We ensure plagiarism free writing obeying academic integrity and honesty making us a dedicated team towards developing original content helping students to ensure high grades. Our services are hassle free, timely yet at an affordable rate driving clients to avail it for a longer period of time making them loyal and satisfied towards us.

Services we offer:
Essay writing
Report writing
Assignment writing
Reflective writing
Proposal writing
Dissertation writing
Thesis writing
CDR writing
Annotated bibliography
PowerPoint presentation
Article/book review
Why us?
Plagiarism free original content
On-time services maintaining deadlines
Experienced writers
Plagiarism and Grammarly report
Dedicate Team Leaders and Quality Checkers
Subjects we cover:
Marketing management
Human resource management
Literature
Law
Finance
Accounts
Economics
Nursing
Sociology
Environmental science
Business studies
Political science
History
Journalism and Masscommunication
Geography

Declaration: Working with us will give you the opportunity to avail divergent range of academic services at affordable rates in assistance with the dedicated team having members from different disciplines holding high degrees in their respective domains. We are experienced in developing B-plan, writing dissertations and theses having employed highly qualified and experienced writers.

You can reach us at-
Email:- ozpaperhelp@gmail.com
https://www.ozpaperhelp.com/
https://www.cheapassignmenthelp.co.uk
https://www.freeassignmenthelp.com
https://cheapassignmenthelp.blogspot.com/
Thanks
Oz Paper Help

https://www.ozpaperhelp.com/
1 Step 1
GET INSTANT ASSIGNMENT HELP
keyboard_arrow_leftPrevious
Nextkeyboard_arrow_right