HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HA2032 Corporate and Financial Accounting Individual Assignment T2 2019 Assessment Details and Submission Guidelines Trimester T2 2019 Unit Code HA2032...

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HOLMES INSTITUTE FACULTY OF HIGHER EDUCATION HA2032 Corporate and Financial Accounting Individual Assignment T2 2019 Assessment Details and Submission Guidelines Trimester T2 2019 Unit Code HA2032 Unit Title Corporate and Financial Accounting Assessment Type Individual Assignment Assessment Title The different sources a company can use to raise its funds and different classifications of entities for reporting purposes. Purpose of the assessment (with ULO Mapping) This assignment aims at developing a clear understanding of students on the different sources a company can use to raise its funds. Students will perform a comparative analysis of sources of fund used by two selected companies for a three years period. They will identify the movement in the sources of fund used by the two companies. Students will also need to demonstrate a clear understanding of different classifications of entities for reporting purposes. (ULO 1, 2, 3, 4). Weight 20 % of the total assessments Total Marks 20 Word limit 2500 words ±500 words Due Date Assignment 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 an extension and/or special consideration has been granted by the lecturer prior to the assessment deadline. Submission Guidelines  All work must be submitted on Blackboard by the due date along with a completed Assignment Cover Page.  The assignment must be in MS Word format, 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 Harvard referencing style. Page 2 of 5 HA2032 Corporate and Financial Accounting Assignment Specifications Purpose: This assignment aims at developing a clear understanding of students on the different sources a company can use to raise its funds. Students will perform a comparative analysis of sources of fund used by two selected companies for a three years period. They will identify the movement in the sources of fund used by the two companies. Students will also need to demonstrate a clear understanding of different classifications of entities for reporting purposes. Assessment task: Part A Select the latest annual report of two ASX listed companies for the last three years period. Please read the balance sheet carefully and complete the following tasks: (i) What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. (ii) Explain the movement in each item recorded under the owner equity section with the reason (iii) What items have been recorded under liabilities section? Clearly explain your understanding of each item. (iv) Explain the movement in each item recorded under liabilities section with reason. (v) Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using. Part B Do your own research and critically examine the concepts of small proprietary company, large proprietary company and reporting entity. What are the implications of being classified as either one of these three types of companies in terms of compliance and reporting requirements? Assignment Structure should be as the following: Abstract - One paragraph List of Content Introduction Body of the assignment with detailed answer on each of the required tasks Summary/Conclusion List of references ….. Marking criteria Marking criteria Weighting Abstract 1% List of content & overall presentation of the assignment 1% Introduction 1% What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. 2% Page 3 of 5 HA2032 Corporate and Financial Accounting Explain the movement over the three years period in each item recorded under the owner equity section with the reason. 1% What items have been recorded under liabilities section? Clearly explain your understanding of each item. 2% Explain the movement over the three years period in each item recorded under liabilities section with reason. 1% Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using. 2% Do your own research and critically examine the concepts of small proprietary company, large proprietary company and reporting entity. What are the implications of being classified as either one of these three types of companies in terms of compliance and reporting requirements? 7% Conclusion 1% References 1% TOTAL Weight 20% Page 4 of 5 HA2032 Corporate and Financial Accounting Marking Rubric Excellent Very Good Good Satisfactory Unsatisfactory What items have been recorded under owners’ equity section? Clearly explain your understanding of each item recorded under the owner equity section. The items recorded under the equity section have been correctly identified. Demonstrates an excellent understanding of each item recorded under the equity section. The items recorded under the equity section have been correctly identified. Demonstrates a good understanding of each item recorded under the equity section. The items recorded under the equity section have been correctly identified. Demonstrates a basic understanding of each item recorded under the equity section. The items recorded under the equity section have been correctly identified. Does not demonstrate a basic understanding of each item recorded under the equity section. The items recorded under the equity section have not been correctly identified. Does not demonstrate a basic understanding of each item recorded under the equity section. Explain the movement over the three years period in each item recorded under the owner equity section with the reason for the movement. Has clearly identified the movement in each items listed under owner equity with detailed explanation of the reason for the movement Has identified the movement in each item listed under owner equity. The reason for the movement has been explained with minor scope for improvement Has identified the movement in each item listed under owner equity. Has provided a very basic explanation of the reason for movement in the items recorded under equity Has identified the movement in each item listed under owner equity. Could not explain the reasons for the movement in each item recorded under the owner equity Has not identified the movement in each item listed under owner equity. Has not explained the reasons for the movement in each item recorded under the owner equity What items have been recorded under liabilities section? Clearly explain your understanding of each item. The items recorded under the liability section have been correctly identified. Demonstrates an excellent understanding of each item recorded under the section. The items recorded under the liability section have been correctly identified. Demonstrates a good understanding of each item recorded under the liability section. The items recorded under the liability section have been correctly identified. Demonstrates a basic understanding of each item recorded under the liability section. The items recorded under the liability section have been correctly identified. Does not demonstrate a basic understanding of each item recorded under the liability section. The items recorded under the liability section have not been correctly identified. Does not demonstrate a basic understanding of each item recorded under the liability section. Explain the movement over the three years period in each item recorded under Demonstrate a clear understanding of the movements over the last three years of all The movements over the last three years of all items recorded under liabilities have been The movements over the last three years of all items recorded under Has attempted to discuss the movements over the last three years of all items Has attempted to discuss the movements over the last three years of all items Page 5 of 5 HA2032 Corporate and Financial Accounting liabilities section with reason. items recorded under liabilities with reasons for the movements. discussed with reasons for the movement. There are minor errors or minor scopes for improvement in the discussions. Has missed a few trends or changes. liabilities have been discussed with reasons for the movement. There are major errors or major scopes for improvement in the discussions. Has missed many trends or changes. recorded under liabilities. Has missed many trends or changes. Most parts of the discussions are inaccurate recorded under liabilities. Has missed many trends or changes. Most parts of the discussions are inaccurate Briefly explain the relative advantages or disadvantages of each sources of fund each of your selected companies is using. The advantages and disadvantages of each of the internal sources of fund and external sources of funds used by the company have been identified and explained clearly. The advantages and disadvantages