ACC201 Financial Accounting

ACC201 Financial Accounting

Assignment titleCase study assignment
Assignment typeGroup assignment (No more than 5 members in a group)
Must send a confirmation email to cheaponlineassignmenthelp@gmail.com
and CC: to all other group members.
Prescribed word limitPart 1: 800 words + Part 2: 1200 words = 2000 words
(10% variation is acceptable)
Referencing styleAmerican Psychological Association (APA)
Assignment weight25% (The assessment will be marked out of 100 marks)
Assignment due datePart 1: Week 4 (35 Marks)
Part 2: Week 10 (65 marks)
Submission modePIA group assignment cover page must be attached and
signed by all the group members.
Part 1: Printout submission to the lecturer during the class of
week 5. Email the softcopy to cheaponlineassignmenthelp@gmail.com
Part 2: Online submission along with part 1 in Moodle
throughTurnItIn.
About the Book

ACC201 Financial Accounting

ACC201 – Financial Accounting    ACC201 Financial Accounting     

Assignment titleCase study assignment
Assignment typeGroup assignment (No more than 5 members in a group)
Must send a confirmation email to cheaponlineassignmenthelp@gmail.com
and CC: to all other group members.
Prescribed word limitPart 1: 800 words + Part 2: 1200 words = 2000 words
(10% variation is acceptable)
Referencing styleAmerican Psychological Association (APA)
Assignment weight25% (The assessment will be marked out of 100 marks)
Assignment due datePart 1: Week 4 (35 Marks)
Part 2: Week 10 (65 marks)
Submission modePIA group assignment cover page must be attached and
signed by all the group members.
Part 1: Printout submission to the lecturer during the class of
week 5. Email the softcopy to cheaponlineassignmenthelp@gmail.com
Part 2: Online submission along with part 1 in Moodle
throughTurnItIn.

Part 1:

ACC201 Financial AccountingAt the end of part 1 you need to choose an ASX enlisted 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 cases are independent and not related to each other. Research and give answer of the following 3 cases.

ACC201 Financial Accounting

Case 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?
  2. Case 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.

ACC201 Financial Accounting

Case 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.

Choose your company:

  • Visit freeassignmenthelp.com
  • Choose a company that provided fair presentation of relevant information in their annual report with accounting estimates.

Required:

  • Name of the company.
  • Web link to download the 2016 Annual Report of the company.
  • Current share price of the company.
Details
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