Business Faculty

CORPORATE ACCOUNTING
CAC305
Level 300

Trimester 1 2022
Assessment 2

Corporate Accounting

Assessment 2

Due: Week 10
Weighting: 30%

Learning Outcomes:

a. Demonstrate an understanding of the Australian accounting regulatory environment and associated accounting
standards

b. Describe and discuss alternative models and theories of financial accounting

c. Apply contemporary financial accounting standards to prepare financial statements in accordance financial
accounting standards

Assessment 10 – Practial Exercise (Case Study) (Individual)

Details:

Business reports are practical learning tasks where students apply their knowledge of corporate accounting
regulations and reporting to analyse a company annual report.
The students are required to select a topic (from the list given below) and analyse a company annual report against
this topic by collecting information (Primary and/or secondary), and prepare a report.
You need to demonstrate following competencies related to the topic:
1. An understanding of the concepts and theoretical frameworks
2. Explain the purpose, content, format and practical applications of the requirements pertaining to the topic
3. Analyse and interpret issues relating to the topic
4. Develop and critically analyse the contextual and theoretical aspects of the topic given

Format of the Report:

1. You at least should have the following details:

a. Assignment Cover page clearly stating your name and student number

b. A table of contents, executive summary

c. A brief introduction or overview of what the report is about.

d. Body of the report with appropriate section headings

1. Strategy Analysis
2. Accounting Analysis
3. Financial Analysis
4. Conclusion

ASSESSMENT CAC305_T1 2022

Assessment 2

5. List of references
6. Exhibits
e. Conclusion

f. List of references.

2. Diagrams and tables clearly labelled and explained.

3. Ensure all materials are correctly referenced.

List of Topics:
1. How to calculate Recoverable amount, Value in use, Fair value less cost of disposal
2. Impairment loss for Cash generating units excluding Goodwill
3. Reversal of an impairment loss for Goodwill
4. Explain the main objectives of AASB 13
5. Impairment loss for Cash generating units including Goodwill
6. Accounting for finance leases by lessees
7. Disclosures for finance leases
8. Accounting for finance leases by manufacturer or dealer lessors
9. Describe the shareholder’s equity of a sole proprietor, partnership and company
10. Explain the nature of reserves and account for movements in reserves, including dividends
11. Accounts for Share buy-backs
12. Explain the accounting standard on fair value measurement
13. How to calculate Recoverable amount, Value in use, Fair value less cost of disposal
14. Impairment loss for Cash generating units excluding Goodwill
15. Reversal of an impairment loss for Goodwill
16. Explain the main objectives of AASB 13
17. Impairment loss for Cash generating units including Goodwill
18. Accounting for finance leases by lessees
19. Disclosures for finance leases
20. Accounting for finance leases by manufacturer or dealer lessors
21. Describe the shareholder’s equity of a sole proprietor, partnership and company
22. Explain the nature of reserves and account for movements in reserves, including dividends
23. Accounts for Share buy-backs
24. Explain the accounting standard on fair value measurement
25. How to calculate Recoverable amount, Value in use, Fair value less cost of disposal
26. Impairment loss for Cash generating units excluding Goodwill
27. Reversal of an impairment loss for Goodwill
28. Explain the main objectives of AASB 13
29. Impairment loss for Cash generating units including Goodwill
30. Accounting for finance leases by lessees

You will be assessed in accordance with the Assessment Rubric provided below.

The case study should be presented as formal reports (approx. 2000 words).

ASSESSMENT CAC305_T1 2022

 Assessment 2

Marking
Rubric:
Marking Fail Pass Credit Distinction High Distinction Mark
Criteria.

missing or Low level Average level Good level Excellent level

Presentation/10 incomplete Apprentice: Proficient: Distinguished: Exemplary: /10
(0 marks) demonstrates demonstrates well developed demonstrates
complete
a developing accomplishment demonstrates understanding
understanding that shows good (10 marks)
(4 marks) understanding understanding
(6 marks) (8 marks)
Proper missing or Low level Average level Good level Excellent level
referencing- incomplete Apprentice: Proficient: Distinguished: Exemplary: /10
number of (0 marks) demonstrates a demonstrates well developed demonstrates
complete
references /10 developing accomplishment demonstrates understanding
understanding (4 that shows good (10 marks)
marks) understanding understanding
(6 marks) (8 marks)
Information missing or Low level Average level Good level Excellent level
Analysis /30 incomplete Apprentice: Proficient: Distinguished: Exemplary: /30
(0 marks) demonstrates a demonstrates well developed demonstrates
complete
developing accomplishment demonstrates understanding
understanding (10 that shows good (30 marks)
marks) understanding understanding
(15marks) (20 marks)
Relevant missing or Low level Average level Good level Excellent level
Calculation /30 incomplete Apprentice: Proficient: Distinguished: Exemplary: /30
(0 marks) demonstrates a demonstrates well developed demonstrates
complete
developing accomplishment demonstrates understanding
understanding (10 that shows good (30 marks)
marks) understanding understanding
(15 marks) (20 marks)
Supported missing or Low level Average level Good level Excellent level
conclusions and incomplete Apprentice: Proficient: Distinguished: Exemplary: /20
justified (0 marks) demonstrates a demonstrates well developed demonstrates
complete
recommendations developing accomplishment demonstrates understanding
/20 understanding (5 that shows good (20 marks)
marks) understanding understanding
(10 marks) (15 marks)
Total /100

(30 marks, max. 2,000 words).

ASSESSMENT CAC305_T1 2022