ACCT1077 WIL Assessment Task 3-2.pdf 1 Financial Accounting Theory WIL Assessment Task 3 ACCT1077 Financial Accounting Theory Work Integrated Learning (WIL) Assessment Task 3 Financial Accounting...

Financial Accounting Theory

ACCT1077 WIL Assessment Task 3-2.pdf 1 Financial Accounting Theory WIL Assessment Task 3 ACCT1077 Financial Accounting Theory Work Integrated Learning (WIL) Assessment Task 3 Financial Accounting Theory is designed to enable you to apply financial accounting theories to a contemporary workplace situation. It includes a Work Integrated Learning (WIL) experience in which your knowledge and skills are applied and assessed in a simulated workplace context and where feedback from industry and/or community is integral to your experience. Background Information You are currently undertaking a student placement at Wa er Par ners , a top-tier accounting firm, in their Advisory Services area. The Advisory Services area of Water Partners provides services to a diverse range of clients from all sectors of industry. One of Wa er Par ners clien s has req es ed a repor on a specific Topic of In es iga ion . As part of this task, you are advised to meet with an expert in this topic to discuss your approach and ask for advice (a list of experts will be provided with your topic). You are to write this report and submit to the Advisory Services Manager, who will send it directly to the client. The report should be of an appropriate professional standard to send to the client. What you need to do 1. Submit a written individual report which addresses the question posed for your eam s selec ed opic of investigation (Each team member needs to submit their own, individually written report). Assessment Overview The assessment for this WIL component of the course comprises the following: Assessment Task Due Date Weighting Assessment Task 3 Individual Report Friday 23 rd October 2020 @ 5:00 pm 45% 2 Financial Accounting Theory WIL Assessment Task 3 Assessment Details Individual Report Each individual team member is required to undertake research beyond the initial reference o address he q es ion posed for o r eam s selec ed opic of in es iga ion and individually submit a complete and thoroughly investigated report which using your own research. The initial reference can be used, in addition to at least 5 10 other academic references. You should read through the rubric to better understand the expectations of this assessment. There you will see that you are expected to engage with an accounting theory to explain your topic of investigation. Choose only one theory and try to link this theory throughout your whole report. It is advised that one of your sections is dedicated to defining and explaining this theory. Your other sections can be used to explain key aspects of your topic. Report format: The Individual Report must be in a report format, i.e., the content is split into several logical sections and sub-sections. These sections should include: an executive summary, introduction, main section of the report, conclusion and reference list. A typical report structure is: Executive Summary Introduction Section 1 Section 2 Section 3 Sec ion 4 Conclusion References Appendices (optional) Length: Maximum of 2,500 words (excluding references, tables, figures and appendices). Refer also to the section on penalties for exceeding the word limit on page 4. Due date: Friday 23rd October 2020 @ 5:00 pm Assessment weighting: 45% Rubric: The key criteria are specified in the rubric on page 3. Submission: Submit in Canvas via Turnitin. Turnitin settings will allow you to resubmit up to 3 times before the due date. After the due date & time, it will not allow resubmissions (but will allow initial submissions after the due date & time). If you are unable to submit late through Canvas, please email your report to the course coordinator ([email protected]) for further instruction. 3 Financial A ccounting Theory W IL A ssessm ent Task 3 Individual R eport R ubric C riteria H igh D istinction D istinction C redit Pass Fail D epth and quality of research undertaken 10 m arks M aterials referred to are relevant; at least 8 references support the positions presented; S ources referred to are current and from a reliable source. The topic has been critically engaged w ith 8-10 m arks M ost of the m aterials referred to are relevant; at least 6 references generally support the positions presented; sources referred to are m ostly current and from a reliable source 7-8 m arks M any of the m aterials referred to are relevant; at least 5 references generally support the positions presented; som e of the sources referred to are from a reliable source. 6-7 m arks S om e of the m aterials referred to are relevant; there is a lack of cohesion betw een the references cited and the topic being discussed; sources referred to are not current but are from a reliable source 5-6 m arks There is a lack of evidence of relevant research; the research presented does not support the topic; sources referred to are not current or from a reliable source 0-4 m arks A bility to identify the issue(s) relating to the research task 10 m arks The report discussion clearly addresses the topic of investigation and assessm ent instructions; the report is highly relevant to the needs of the client; the report clearly outlines the links betw een the literature and the topic of investigation 8- 10 m arks The report discussion addresses the topic of investigation and assessm ent instructions; the report is m ostly relevant to the topic; the report outlines the links betw een the literature and the topic of investigation 7-8 m arks The report addresses som e of the issues raised in the topic of investigation; the report is som ew hat relevant to the topic; som e links betw een topic and literature are m ade. 6-7 m arks The discussion addresses m ost of the issues raised in the research task but lacks som e clarity; the report at tim es lacks relevance and/or som e of the claim s m ade are erroneo s; he repor doesn t clearly outline the link betw een the literature and the topic of investigation 5-6 m arks The report discussion fails to address m ost of the issues raised in the research task and the discussion lacks clarity; the report discussion lacks relevance and/or m ost of the claim s m ake are erroneous; the report does not outline the links betw een the literature and topic of investigation 0-4 m arks A bility to apply appropriate accounting theory to the context 10 m arks The report m akes clear links betw een the topic of investigation and one current accounting theory; the report explains these links w ith clarity throughout 8-10 m arks The report m akes links betw een the topic of investigation and one current accounting theory, but these links are not alw ays clear; the report m ostly m anages to explain these links 7-8 m arks S om e links are m ade betw een the topic and one accounting theory, but these links are not clear and are unexplained. 6-7 m arks V ery lim ited attem pt has been m ade to link accounting theory to the topic of investigation, these links lack clarity; theory/ies w ere discussed but not linked to the topic. 5-6 m arks Little or no attem pt has been m ade to link accounting theory to the discussion or the links m ade are incorrect; m ultiple theories are discussed w ith no link to the topic 0-4 m arks A bility to synthesise inform ation into a coherent and engaging report 10 m arks The report is professionally presented; all gram m ar and punctuation is correct; the report is highly engaging and easy to read; all sections of the report have been included and correctly structured 8- 10 m arks The report is professionally presented; m ost of the gram m ar and punctuation are correct; the report is engaging and fairly easy to read; all sections of the report have been included and correctly structured 7-8 m arks The report is reasonably presented; there is an attem pt at correct gram m ar and punctuation; the report is not very engaging; m ost sections of the report have been included. 6-7 m arks Im provem ent is needed in the report presentation; there are som e errors in gram m ar and punctuation; re report is not engaging and/or is not easy to read; sections of the report are m issing and/or there are errors in the structure 5-6 m arks The report is not presented professionally; there are m any errors in gram m ar and punctuation; the report is not engaging and/or is not easy to read; the report is incorrectly structured and/or m issing sections 0-4 m arks R eferencing 5 m arks S ources acknow ledged correctly w ith full reference details 4-5 m arks M ost sources acknow ledged correctly w ith reference details 3.5- 4 m arks S om e sources are acknow ledged, but w ith a few errors 3-3.5 m arks Few sources acknow ledged; errors in reference list and referencing style 2.5-3 m arks N o sources acknow ledged; m ajor errors in reference list and referencing style 0-2 m arks TO TA L M A R K (m axim um 45 m arks) 4 Financial Accounting Theory WIL Assessment Task 3 Referencing guidelines All sources of information must be acknowledged using the RMIT Business version of the Harvard (author-date) referencing system in written assessments. A reference list must also be included in your report. Please refer