HI5020 CORPORATE ACCOUNTING :
HI5020 CORPORATE ACCOUNTING
Cover page
Unit DetailsNameCORPORATE ACCOUNTINGCodeHI5020Year, Trimester2023, Trimester 1HI5020 CORPORATE ACCOUNTING
Assessment DetailsNameIndividual AssignmentDue Date and Week26 / 05 / 2023, Week #10HI5020 BUSINESS ACCOUNTING
Individual Student DetailsStudent Number First Name Family Name HI5020 BUSINESS ACCOUNTING
Submission DeclarationIntegrity DeclarationI have read and understand academic integrity policies and practices and my assessment does not violate these.Full Name Submission Date HI5020 BUSINESS ACCOUNTING
Instructions
Academic Integrity InformationHolmes Institute is committed to ensuring and upholding academic integrity. All assessment must comply with academic integrity guidelines. Important academic integrity breaches include plagiarism, collusion, copying, impersonation, contract cheating, data fabrication and falsification. Please learn about academic integrity and consult your teachers with any questions. Violating academic integrity is serious and punishable by penalties that range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.Format InstructionsMost assessments must be in MS Word format with no spacing, 11-pt Calibri font and at least 2cm margins on all four sides with appropriate section headings and page numbers. You must name your file with the Unit Code and Student ID (e.g. “HI5003- GWA1995”).Check that you submit the correct document, as special consideration is not granted if you make a mistake.Student ID needs to be indicated on the cover page.PenaltiesAll work must be submitted on Blackboard by the due date and time, along with a completed Assessment Cover Page. Late penalties apply.Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Holmes Institute Adapted Harvard Referencing. Penalties are associated with incorrect citation and referencing.HI5020 CORPORATE ACCOUNTING
Assessment Details and Submission GuidelinesTrimesterT1 2023Unit CodeHI5020Unit TitleCorporate AccountingAssessment TypeIndividual AssignmentAssessment TitleRaising funds for corporate operations and liabilities, provisions, contingent liabilities and contingent assets. Measurement Basis for Assets.Purpose of the assessment (with ULO Mapping)This assignment aims at developing a clear understanding of students on different sources of funds used/raised by companies. They will need to identify different sources of funds used by three selected companies and discuss the evolution of the sources of funds used by the selected companies over a period of two years. They will have to relate the relative merits of different sources of funds used by the selected companies and shed light on why the selected companies are using different sources of funds differently. Students will also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets’ and identify the use of this standard by the selected companies. Students will have to identify all different categories of assets recorded by the selected companies and examine the measurement basis used by the company for each class of assets. (ULO 2, 3, 4).Weight35 % of the total assessmentsTotal Marks35Word limit3000 words ±500 wordsDue DateAssignment submission: Final Submission of individual Assignment: 11:59 pm Friday, Week 10 Late submission incurs penalties of five (5) % of the assessment value per calendar day unless the lecturer has granted an extension and/or special consideration before the assessment deadline.Submission GuidelinesAll work and a completed Assignment Cover Page must be submitted on Blackboard by the due date.The assignment must be in MS Word format, with no spacing, 12-pt Arial font and 2 cm margins on all four sides of your page with appropriate section headings and page numbers.Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using the Holmes Adapted Harvard referencing guide.HI5020 BUSINESS ACCOUNTING
Assignment Specifications
Assessment task:
Collect the latest annual reports of THREE (3) ASX-listed companies for the last two years. Based on your collected annual reports, do the following tasks:
Identify the different sources of funds that your selected companies have used
Examine the evolution of the sources of funds used by the company over the last two years period with a specific focus on the changes in different sources of funds
What percentage of the fund is internally generated, and what percentage of the fund is externally generated?
Explain the relative merits and demerits of the different sources of funds used by your selected companies.
Critically examine different types of liabilities shown in the balance sheet of your selected companies. Identify which of the liabilities are interest-bearing and which ones do not interest is bearing.
Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets.
Identify if your selected companies have referenced this particular standard (AASB 137) in their annual reports.
Identify all different categories of assets recorded by the selected companies
Critically examine the measurement basis used by the company for each class of assets recorded by the company
Assignment Structure should be as the following:
Marking criteria
Marking criteriaWeightingAbstract1%List of content & overall presentation of the assignment1%Introduction1%Identify the different sources of fund that have been used by your selected companies1%Examine the evolution of the sources of fund used by the companies over the two years period with specific focus on the changes of different sources of funds4%What percentage of the fund is internally generated and what percentage of the fund is2%HI5020 CORPORATE ACCOUNTING
externally generated. Explain the relative merits and demerits of the different sources of fund used by your selected companies.3% 1%Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which one of the liability interest bearing and which one is not interest is bearing.3%Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets.4%Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports.4%Identify all different categories of assets recorded by the selected companies4%Critically examine the measurement basis used by the company for each class of assets recoded by the company5%Conclusion1%TOTAL Weight35%HI5020 BUSINESS ACCOUNTING
Marking Rubric
ExcellentVery GoodGoodSatisfactoryUnsatisfactoryIdentify theSpecific sourcesSpecificGrossGrossHas failed todifferentof liabilities andsources ofamount ofamount ofidentifysources ofequities haveliabilities andliabilities andliabilities anddifferentfund thatbeen clearlyequities haveequities haveequities havesources of fundhave beenidentified.been clearlybeenbeenused by theused by yourDemonstrate aidentified.identifiedidentifiedcompany. Manyselectedclear withoutwithouterrors in thecompaniesunderstanding specificspecificanswer or has of each sources identificationidentificationmisunderstood of eachof eachthe question sources.sources. There are some errors Examine theThe evolutionTheTheTheHas answeredevolution ofof differentevolution ofevolution ofevolution ofthe questionthe sourcessources ofdifferentdifferentdifferentwith manyof fund usedfunds withinsources ofsources ofsources oferrors andby thethe companyfunds withinfunds withinfunds withinmisunderstandicompany(with specificthe companythe companythe companyng or has notover the lastfocus on their(with specific(with specific(with specificanswered thetwo yearschanges) hasfocus onfocus onfocus onquestionperiod withbeen discussedtheirtheirtheir specificcomprehensivelchanges) haschanges) haschanges) has focus on they.beenbeenbeen changes of discusseddiscusseddiscussed different with minorwith majorwith major sources of errors.errors.errors. The funds answer still make sense WhatHas shown theHas shownHas shownHas shownHas not shownpercentagepercentage ofthethethethe percentageof the fundeach sources ofpercentagepercentagepercentageof each sourcesis internallyfunds used byof eachof eachof eachof funds used bygeneratedthe companysources ofsources ofsources ofthe company.and whatdistinguishingfunds usedfunds usedfunds usedExternallypercentagebetweenby theby theby thegenerated fundsof the fundexternallycompany.company.company.and internallyis externallygeneratedExternallyExternallyExternallygenerated fundsgenerated.funds andgeneratedgeneratedgeneratedhave not been internallyfunds andfunds andfunds anddistinguished. generated fund.internallyinternallyinternally generatedgeneratedgenerated funds havefunds havefunds have beenbeennot been distinguisheddistinguisheddistinguished with minorwith major. HI5020 CORPORATE ACCOUNTING
errors.errors. Explain theThe relativeThe relativeThe relativeThe relativeInsignificant orrelativemerits andmerits andmerits andmerits andno acceptablemerits anddemerits of thedemerits ofdemerits ofdemerits ofattempt hasdemerits ofdifferentthe differentthe differentthe differentbeen made tothe differentsources ofsources ofsources ofsources ofthe relativesources offunds used byfunds usedfunds usedfunds usedmerits andfund used bythe companyby theby theby thedemerits of theyourhave beencompanycompanycompanydifferentselectedexplained withhave beenhave beenhave beensources of fundscompanies.particularexplained.explainedexplainedused by the reference to theHas madewith minorwith majorcompany have context of thereference toerrors. Haserrors andnot been selectedthe contextmadeconfusions.explained companies.of thereference toNo reference selectedthe contexthas been companiesof themade to the with minorselectedcontext of errorscompaniesthe selected with majorcompanies errors CriticallyAll differentAll differentAll differentMinor errorsHas not beenexaminetypes oftypes oftypes ofin identifyingable to identifydifferentliabilities haveliabilitiesliabilitiesdifferentdifferent typestypes ofbeen identified.have beenhave beentypes ofof liabilities. HasliabilitiesHas correctlyidentified.identified.liabilities.not been able toshown in theidentifiedMinor errorsMajor errorsMajor errorsidentify interestbalanceinterest bearingin identifyingin identifyingin identifyingbearing andsheet ofand non-interestinterestinterestnon-interest-yourinterest-bearingbearing andbearing andbearing andbearingselectedliabilities.non-interest-non-interest-non-interest-liabilities.companies? bearingbearingbearing Identify liabilities.liabilities.liabilities. which one of the liability interests bearing and which one is not interest is bearing. CriticallyHas shown anHas shown aHas shown aHas shown aHas not shownexamine theexcellent graspgood level ofbasic level ofpoor level ofany acceptablekeyof the conceptsunderstandinunderstandinunderstandinlevel ofprovisionsunder AASB 137g of theg of theg of theunderstandingunder the conceptsconceptsconceptsof the conceptsAASB 137 under AASBunder AASBunder AASBunder AASB‘Provisions, 137137.137.137.Contingent HI5020 BUSINESS ACCOUNTING
Liabilities and Contingent Assets. Identify ifHas been ableHas beenHas beenHas beenHas not beenyourto identify andable toable toable toable to identifyselectedexplain theidentify andidentify andidentify andand explain thecompaniesareas where theexplain theexplain theexplain theareas where thehave madeselectedareas whereareas whereareas whereselectedanycompanies havethe selectedthe selectedthe selectedcompanies havereference tomade referencecompaniescompaniescompaniesmade referencethisto AASB 137have madehave madehave madeto AASB 137.particular reference toreference toreference to standard AASB 137AASB 137AASB 137 (AASB 137) with minorwith majorwith major in their errors.confusionsconfusions annual or errors.or errors. reports. Identify allHas completelyHasHasHasHas notdifferentidentified allidentifiedidentifiedidentifiedprovided ancategories ofdifferent classesdifferentdifferentdifferentacceptableassetsof assetsclasses ofclasses ofclasses ofanswer.recorded byrecorded by theassetsassetsassets with the selectedcompany. Therecorded byrecorded bymajor errors. companiesfocus is onthe companythe companyHas mixed up classes ofwith minorwith majorassets with assets, not onerrors.errorsother individual elements of assets. the balance sheet CriticallyHasHasHasHasHas failed toexamine thecomprehensivelexaminedexaminedexaminedidentify themeasuremey examined thethethethemeasurementnt basis usedmeasurementmeasuremenmeasuremenmeasuremenbasis used byby thebasis used byt basis usedt basis usedt basis usedthe company.company forthe companyby theby theby theHas failed toeach class ofwithcompany.companycompanydemonstrateassetsdemonstrationHaswith minorwith majorany acceptable of excellentdemonstrateerrors. Haserrors. Haslevel of level ofd a gooddemonstratedemonstrateunderstanding understandinglevel ofd a basicd a poorof the concepts of the conceptsunderstandinlevel oflevel ofof historical cost of historicalg of theunderstandinunderstandinand fair value cost and fairconcepts ofg of theg of the value.historicalconcepts ofconcepts of cost and fairhistoricalhistorical value.cost and faircost and fair value.value. HI5020 CORPORATE ACCOUNTING
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