Assignment Remit

Programme Title BSc Accounting and Finance

Module Title Financial Reporting
Module Code 07 33931
Assignment Title Individual report
Level LI
Weighting 50%
Lecturers Jo Watkins
Hand Out Date 22/01/2024
Due Date & Time 03/04/2024 Before 12pm (12-noon)
Feedback Post Date Click here to enter a date.
Assignment Format Report
Assignment Length 1,500 words
Submission Format Online Individual

Assignment:
Prepare a report discussing the non-current assets of a FTSE250 non-financial company
which:
 discusses how the company has applied the requirements of International Financial
Reporting Standards when accounting for its non-current assets, with reference to
both the requirements of the accounting standards and the accounting policies
adopted by the company, and
 analyses the non-current assets of the business, including a discussion of the
changes to non-current assets when compared to the prior year results.

Notes on the task:

 The use of generative AI within this assignment is not permitted. Please refer to
page 3 for further details.

 You will find the company Annual Report on the investor relations section of the
company website or by searching the company register on the Companies House
website which can be found at this link. To find your company on the Companies
House website, please enter your company name in the search box and select the
‘Filing History’ tab to view and download the Annual Report.
 Your report should only discuss the non-current assets and accounting standards
covered within this module (i.e., IAS 16 Property Plant and Equipment, IAS 40
Investment Properties, IAS 38 Intangible Assets, IAS 23 Borrowing Costs, and IAS 36
Impairment). Please ignore any other non-current assets held by a company that
have not been covered on this module.
 You should use data from all relevant areas of the Annual Report, which may include
the accounting policies, statement of profit or loss, statement of financial position,
statement of cash flows and the notes to the financial statements.
 The word limit is a maximum of 1,500 words. References, tables, figures, and the
appendix do not count towards the word count.
  Please include relevant extracts from your company’s financial statements in the
appendix.

Prepare a report discussing the non-current assets of a FTSE250 company which:

 discusses the requirements of applicable non-current asset International Financial
Reporting Standards (IFRS) and explains how the accounting standards have been
applied by the company (with reference to both the requirements of IFRS and the
accounting policies of the company), and
 analyses the non-current assets of the business, including (but not limited to) a
discussion of the changes to non-current assets when compared to the prior year
results.

Notes on the task:

 The use of generative AI within this assignment is not permitted. Please refer to
page 3 for further details.
 Please choose one FTSE250 company from a list at this link. The companies are
listed alphabetically.
 A maximum of two students can choose any one company. If two students have
already chosen your preferred company, you will need to select a different company.
 Once you have chosen your company, please enter your name on the spreadsheet to
indicate your choice.
 You will need to choose your company by 2 February 2024. Any students who have
not chosen by this date will be allocated a company. The final list will be circulated
on 6 February 2024.
 You will find the company Annual Report on the investor relations section of the
company website or by searching the company register on the Companies House
website which can be found at this link. To find your company on the Companies
House website, please enter your company name in the search box and select the
‘Filing History’ tab to view and download the Annual Report.
 Please use the latest full year annual report. You can ignore the half year (or
interim) report.
 Your report should focus on the consolidated group financial statements.
 Your report should only discuss the non-current assets and accounting standards
covered within this module that apply to your company (i.e., IAS 16 Property Plant
and Equipment, IAS 40 Investment Properties, IAS 38 Intangible Assets, IAS 23
Borrowing Costs, IAS 36 Impairment, IAS 20 Government Grants (capital grants only)
and IFRS 5 Assets Held for Sale). Please ignore any other non-current assets held by
a company that have not been covered on this module.
 You should use data from all relevant areas of the Annual Report, which may include
the accounting policies, statement of profit or loss, statement of financial position,
statement of cash flows and the notes to the financial statements.
 Please include relevant extracts from your company’s financial statements in the
appendix.
 You should include all workings for your analysis in an appendix.
 Please ensure that the structure follows that of a report format with clear headings.
Remember reports are formal documents which can include headings, sub-headings,
numbered sections, and graphics such as tables, flow charts, diagrams, or graphs
 (where appropriate). All these devices help the reader navigate the report and
understand its content.
However, please ensure that any tables, financial statement extracts and/or graphics
are referred to in the main body of the report.
 The word limit is a maximum of 1,500 words. Reports that exceed this will be
penalised with the following grade point deductions:
o Up to 10% over: no penalty
o 11% to 20% over: 5% penalty
o 21% to 30% over: 10% penalty
o More than 30% over: 15% penalty
Tables, figures, the reference list, and the appendix do not count towards the word
count.
 The use of external sources must be appropriately cited and referenced. You are
required to use the Harvard referencing style.
 If you have any questions related to the assignment, please use the discussion forum
on Canvas or speak to the module leader in class.

Module Learning Outcomes:

In this assessment the following learning

outcomes will be covered:
LO 1. Explain and critically evaluate accounting for tangible and intangible assets,
inventories, tax, provisions, or the reporting of financial performance.

LO 2. Explain the information in published financial reports.

Your submission will be graded according to the following criteria:

Item Criteria Weighting

1 Discussion of the application of all relevant accounting 30
standards and the company's accounting policies.
2 Analysis of non-current assets: calculations 20
3 Analysis of non-current assets: discussion 10
4 Use of relevant information from the Annual Report 15
5 Report structure 10
6 Readability 10
7 Harvard referencing 5
Total 100%
Grading Criteria:
Please refer to the marking rubric in the appendix for details of the grading criteria.

Feedback to Students:
Both Summative and Formative feedback is given to encourage students to reflect on their
learning that feed forward into following assessment tasks. The preparation for all
assessment tasks will be supported by formative feedback within the tutorials/seminars.
Written feedback is provided as appropriate. Please be aware to use the browser and not
the Canvas App as you may not be able to view all comments.

Plagiarism:
It is your responsibility to ensure that you understand correct referencing practices. You are
expected to use appropriate references and keep carefully detailed notes of all your
information sources, including any material downloaded from the Internet. It is your
responsibility to ensure that you are not vulnerable to any alleged breaches of the
assessment regulations. More information is available at
https://intranet.birmingham.ac.uk/as/registry/policy/conduct/plagiarism/index.aspx.

Use of Generative AI:

Unless explicitly stated otherwise, students should assume that the use of generative AI
within an assessment or assignment is not permitted. Any assessment submitted that is not
a student’s own work, including that written by generative AI tools, are in breach of the
University’s Code of Practice on Academic Integrity
https://intranet.birmingham.ac.uk/as/registry/policy/conduct/plagiarism/index.aspx

Wellbeing Extenuating Circumstances:

The process for Extenuating Circumstances is to support students who have experienced
unforeseen issues that have impacted their ability to engage with their studies and/or
complete assessments. Students should notify Wellbeing of any extenuating circumstances
as soon as possible via the online form, following the guidance provided.
https://intranet.birmingham.ac.uk/social-sciences/college-services/wellbeing/index.aspx
Appendix: Marking Rubric

70% + 60 – 69% 50 – 59% 40 – 49% 39%>

Criteria
First class Upper second class Lower second class Third class Fail

Discussion of An excellent discussion of Generally, a very good Some good discussions of An attempt has been made The discussion of the
accounting the application of all discussion of the the accounting policies to discuss the accounting accounting treatment
treatment (30%) relevant accounting application of the adopted by the company. policies adopted by the provided in the report
standards and the accounting standards and However, the discussion company – however, these does not meet the
company's accounting the company's accounting of the requirements of were brief or contained requirements of the
policies. policies. However, the the accounting standards some inaccuracies. assignment brief.
connection to the occasionally lacked
Demonstrates an excellent requirements of the depth, was incorrect or The discussion of the
understanding of the accounting standards omitted in places. requirements of the
3
accounting standards and could have been improved accounting standards is
how they apply to the in places. The report may also limited or has been
chosen company. include some content omitted completely.
Overall, demonstrates a which was not relevant
very good understanding to the assignment The report may also
of the accounting requirement. include significant content
standards and how they which was not relevant to
apply to this company. the assignment
requirement.
Analysis and An excellent analysis of the Generally, a very good An attempt has been The analysis contains The analysis and
explanation changes to non-current analysis of the changes to made to analyse the errors or is incomplete. explanation of the changes
of the assets, which contains non-current assets. changes to non-current Explanations are missing, to non-current assets
changes to some effective analysis assets – however, the unjustified or lack provided in the report
non-current methods. The justifications for analysis is brief or conviction. does not meet the
30 pts
assets movements are reasonably contains inaccuracies. requirements of the
(30%) The explanation of the well explained but assignment brief.
changes is fully justified occasionally lack Explanations are
and convincing. conviction. sometimes unjustified or
lack conviction.

Use of All relevant information Most of the relevant The report uses key Report omits significant Incorrect information has
relevant from the latest Annual information from the pieces of relevant relevant information. been used in the report.
information Report has been used. latest Annual Report has information, but there
contained in been used. are several pieces of Report uses information Report does not include
the Annual Appropriate extracts have relevant information that from the Annual Report any extracts from the
Report been included from the Extracts from the financial have not been used. which is not relevant to financial statements.
(15%) financial statements. statements are mostly the requirements of the
15 pts
appropriate. Extracts from the assignment.
financial statements are
somewhat appropriate, Extracts from the financial
but there may be missing statements are mostly
pieces of information, or inappropriate, or there
the information used is may be significant missing
not always appropriate. pieces of information.

Report A well-structured answer, A well-structured answer – A reasonable attempt at The structure of the work Not in report structure.
structure with an excellent report however, the report a report – however, there is satisfactory – however, it Work lacks coherence.
(10%) structure. structure lacks certain are areas where it has is not in report format. 10 pts
aspects. not been presented
correctly.