HI5020 Corporate Accounting

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HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
HI5020 Corporate Accounting Individual Assignment T3 2020
Assessment Details and Submission Guidelines
Trimester
T3 2020
Unit Code
HI5020
Unit Title
Corporate Accounting
Assessment Type
Individual Assignment
Assessment Title
Linking skills, knowledge and experiences that employers seek from Corporate
Accountants with the learnings objectives, outcomes and contents of the subject and
demonstrating understanding of equity, liability, and comprehensive income items
reported by companies/corporate groups.
Purpose of the
assessment (with ULO
Mapping)
The first part of this assignment aims at developing a clear understanding of students
on what skills, knowledge and experiences employers seek from Corporate Accountants
and link the learnings objectives, outcomes and contents of the subject with the skills,
knowledge and experiences sought by employers.
The second part of the assignment aims at developing a clear understanding of
students on different equity, liability, and comprehensive income items reported by
companies/ corporate groups.
(ULO 1, 2, 3, 4, 5).
Weight
35 % of the total assessments (35 marks)
Total Marks
25 % in written report + 10 % in video presentations
Word limit
3000 words ±500 words
Due Date
Assignment submission: Final Submission of individual Assignment: February 3, 2021,
Wednesday, Week 10, 11:59 pm
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 11
HI5020 Corporate Accounting Individual Assignment T3 2020
Assignment Specifications
Purpose:
The first part of this assignment aims at developing a clear understanding of students on what skills,
knowledge and experiences employers seek from Corporate Accountants and link the learnings objectives,
outcomes and contents of the subject with the skills, knowledge and experiences sought by employers.
The second part of the assignment aims at developing a clear understanding of students on different equity,
liability, and comprehensive income items reported by companies/ corporate groups.
Assessment task:
Part A
Collect AT LEAST 20 job advertisements on the position of ‘corporate accountant’, ‘corporate and
management accountant’ ‘senior accountant’, ‘tax accountant’, ‘corporate financial accountant’ ‘corporate
financial and management accountant’, ‘accountant corporate finance’, ‘senior financial accountant’ ‘senior
accountant: tax and corporate reporting’ or any other similar positions published by Australian employers in
electronic or print media or in job search portals (such as seek, Jora, Indeed etc.) from the first week of the
Trimester to the week 8 of the Trimester.
Based on your collected advertisements, do the following tasks:
1. List all the personal attributes required from a corporate accountant that have been mentioned in the
job advertisements that you have collected with your detailed understanding of each of the attributes.
2. List all the key roles, tasks, responsibilities of a corporate accountant that have been listed in the
advertisements that you have collected and analysed.
3. Based on the key roles, tasks, responsibilities identified from your collected job advertisements, how
those key roles, tasks or responsibilities are related to the topics that you have learned in your MPA
unit HI5020 Corporate Accounting.
4. What additional topics, attributes or learnings outcomes are missing from your MPA unit HI5020
Corporate Accounting that are listed on the job advertisement.
5. Critically examine the skills, experience and attributes needed to become a corporate accountant.
Also, critically evaluate how the topics that you have learned in your MPA unit HI5020 Corporate
Accounting have helped you in gaining the skills, knowledge, experience and attributes needed to
become a corporate accountant.
Part B
Select 1 (One) public limited company listed on the Australian Securities Exchange (ASX) that are in the same
industry. The company must have subsidiary companies and must have prepared consolidated financial
statements. Download the latest annual reports consecutively for last two years of the company that you have
selected. Do not use your company’s interim financial statements or their concise financial statements. Please
read the financial statements (balance sheet, income statement, statement of changes in owner’s equity) very
carefully. Also, please read the relevant footnotes of your company’s financial statements carefully and
include information from these footnotes in your answer.
You need to do the following tasks:
EQUITY & LIABILITY
6. From your company’s financial statements, list each item of equity reported and write your
understanding of each item. Discuss any changes in each item of equity for your company over last
two years articulating the reasons for the change.
Page 3 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
7. From your company’s financial statements, list each item of liability reported and write your
understanding of each item. Discuss any changes in each item of liability for your company over last
two years articulating the reasons for the change.
OTHER COMPREHENSIVE INCOME STATEMENT
8. What items have been reported in the other comprehensive income statement for each year?
9. Why have these items not been reported in Income Statement/Profit and Loss Statements?
10. Provide a comparative analysis of the items shown in the other comprehensive income statement
section for the two years. If these items were included in the income statement / profit and loss
statements of each year, how would the profit attributable to shareholders of the company be
affected?
11. Should other comprehensive income be included in evaluating the performance of managers of the
company?
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%
Part A
List all the personal attributes required from a corporate accountant that have been
mentioned in the job advertisements that you have collected with your detailed
understanding of each of the attributes.
1%
List all the key roles, tasks, responsibilities of a corporate accountant that have been
listed in the advertisements that you have collected and analysed.
2%
Based on the key roles, tasks, responsibilities identified from your collected job
advertisements, how those key roles, tasks or responsibilities are related to the topics
that you have learned in your MPA unit HI5020 Corporate Accounting.
2%
What additional topics, attributes or learnings outcomes are missing from your MPA unit
HI5020 Corporate Accounting that are listed on the job advertisement.
2%
Critically examine the skills, experience and attributes needed to become a corporate
accountant. Also, critically evaluate how the topics that you have learned in your MPA
unit HI5020 Corporate Accounting have helped you in gaining the skills, experience and
attributes needed to become a corporate accountant.
2%
Part B
From your company’s financial statements, list each item of equity reported and write
your understanding of each item. Discuss any changes in each item of equity for your
company over last two years articulating the reasons for the change.
2%
Page 4 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
From your company’s financial statements, list each item of liability reported and write
your understanding of each item. Discuss any changes in each item of liability for your
company over last two years articulating the reasons for the change.
2%
What items have been reported in the other comprehensive income statement for each
year?
2%
Why have these items not been reported in Income Statement/Profit and Loss
Statements?
2%
Provide a comparative analysis of the items shown in the other comprehensive income
statement section for the two years. If these items were included in the income
statement / profit and loss statements of each year, how would the profit attributable to
shareholders of the company be affected?
2%
Should other comprehensive income be included in evaluating the performance of
managers of the company?
2%
Conclusion
1%
TOTAL Weight in Written Assignment
25%
Video Presentation
10%
Total
35%
Instruction for video presentation:
Based on your written assignment you will have to make a summary video presentation ranging for 10
minutes. Your presentation should explain the assignment tasks and your key findings. You will have to upload
the presentation in You Tube and submit the You Tube link in the black board so that the marker can watch
and mark your presentation. Your assignment will be marked based on the following criteria:
Presentation Style (3
marks)
Content (4 marks)
Clarity of the presentation
(3 marks)
Excellent
3-2.5
4-3
3-2.5
Very good
2.5-1.75
3-2.5
2.5-1.75
Good
1.75-1.5
2.5-2.00
1.75-1.5
Satisfactory
1.5-1.00
2.00-1.00
1.5-1.00
Unsatisfactory
1.00-0
1.00-0
1.00-0
Academic Integrity
Holmes Institute is committed to ensuring and upholding Academic Integrity, as Academic Integrity is integral
to maintaining academic quality and the reputation of Holmes’ graduates. Accordingly, all assessment tasks
need to comply with academic integrity guidelines. Table 1 identifies the six categories of Academic Integrity
breaches. If you have any questions about Academic Integrity issues related to your assessment tasks, please
consult your lecturer or tutor for relevant referencing guidelines and support resources. Many of these
resources can also be found through the Study Sills link on Blackboard.
Academic Integrity breaches are a serious offence punishable by penalties that may range from deduction of
marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of
course enrolment.
Table 1: Six categories of Academic Integrity breaches
Page 5 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
Plagiarism
Reproducing the work of someone else without attribution. When
a student submits their own work on multiple occasions this is
known as self-plagiarism.
Collusion
Working with one or more other individuals to complete an
assignment, in a way that is not authorised.
Copying
Reproducing and submitting the work of another student, with or
without their knowledge. If a student fails to take reasonable
precautions to prevent their own original work from being copied,
this may also be considered an offence.
Impersonation
Falsely presenting oneself, or engaging someone else to present as
oneself, in an in-person examination.
Contract cheating
Contracting a third party to complete an assessment task,
generally in exchange for money or other manner of payment.
Data fabrication and
falsification
Manipulating or inventing data with the intent of supporting false
conclusions, including manipulating images.
Source: INQAAHE, 2020
HOLMES INSTITUTE
FACULTY OF
HIGHER EDUCATION
HI5020 Corporate Accounting Individual Assignment T3 2020
Marking Rubric
Excellent
80-100%
Very Good
70-79%
Good
60-69%
Satisfactory
50-59%
Unsatisfactory
0-49%
Abstract
/1
Apply our judgement
List of content &
overall presentation
of the assignment
/1
Apply our judgement
Introduction
/1
Apply our judgement
PART A QUESTIONS
PART A QUESTIONS
List all the personal
attributes required
from a corporate
accountant that
have been
mentioned in the
job advertisements
that you have
collected with your
detailed
understanding of
each of the
attributes.
/1
A good number of
personal attributes
required to be a
corporate accountant
have been identified
from the job
advertisements with
detail explanation of
each attribute.
A good number of
personal attributes
required to be a
corporate accountant
have been identified
from the job
advertisements.
Explanation of a few
attributes have been
provided.
A good number of
personal attributes
required to be a
corporate accountant
have been identified
from the job
advertisements. No
explanation has been
provided for any of the
attributes
A small number of
personal attributes
required to be a
corporate accountant
have been identified
from the job
advertisements. No
explanation has been
provided for any of the
attributes
Only few/no personal
attributes have been
identified. No
explanation has been
provided.
List all the key roles,
tasks,
responsibilities of a
corporate
accountant that
/2
A good number of key
roles, tasks or
responsibilities of a
corporate accountant
that have been
A good number of key
roles, tasks or
responsibilities of a
corporate accountant
that have been
A good number of key
roles, tasks or
responsibilities of a
corporate accountant
that have been
A small number of key
roles, tasks or
responsibilities of a
corporate accountant
that have been
Only few/no key roles,
tasks or responsibilities
of a corporate
accountant that have
been mentioned in the
Page 7 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
have been listed in
the advertisements
that you have
collected and
analysed.
mentioned in the job
advertisements have
been identified.
Detailed explanations
have been provided for
each of the identified
roles, tasks or
responsibilities.
mentioned in the job
advertisements have
been identified.
Explanation has been
provided for a few of
the identified roles,
tasks or
responsibilities.
mentioned in the job
advertisements have
been identified. No
explanation has been
provided for the
identified roles, tasks
or responsibilities.
mentioned in the job
advertisements have
been identified. No
explanation has been
provided for the
identified roles, tasks
or responsibilities.
job advertisements
have been identified.
No explanation has
been provided.
Based on the key
roles, tasks,
responsibilities
identified from your
collected job
advertisements,
how those key
roles, tasks or
responsibilities are
related to the topics
that you have
learned in your
MPA unit HI5020
Corporate
Accounting.
/2
Have demonstrated an
excellent
understanding of the
relation of the topics
included in the MPA
unit HI5020 Corporate
Accounting with the
key roles, tasks or
responsibilities of a
corporate Accountant
identified from the job
advertisements.
Have demonstrated a
very good
understanding of the
relation of the topics
included in the MPA
unit HI5020 Corporate
Accounting with the
key roles, tasks or
responsibilities of a
corporate Accountant
identified from the job
advertisements.
Have demonstrated a
good level of
understanding of the
relation of the topics
included in the MPA
unit HI5020 Corporate
Accounting with the
key roles, tasks or
responsibilities of a
corporate Accountant
identified from the job
advertisements.
Have demonstrated a
very basic or just
acceptable level of
understanding of the
relation of the topics
included in the MPA
unit HI5020 Corporate
Accounting with the
key roles, tasks or
responsibilities of a
corporate Accountant
identified from the job
advertisements.
Have demonstrated a
poor or no level of
understanding of the
relation of the topics
included in the MPA
unit HI5020 Corporate
Accounting with the
key roles, tasks or
responsibilities of a
corporate Accountant
identified from the job
advertisements.
What additional
topics, attributes or
learnings outcomes
are missing from
your MPA unit
HI5020 Corporate
Accounting that are
listed on the job
advertisement.
What needs to be
added or what
/2
Excellent discussions on
the limitations of MPA
Unit HI5020 Corporate
Accounting. Have
identified the topics
that need to be added
or omitted with
excellent informed
reasoning provided in
line with the job
advertisements.
Very good discussions
on the limitations of
MPA Unit HI5020
Corporate Accounting
has been provided.
Have clearly identified
the topics that need to
be added or omitted.
Have shown a good
reasoning.
A good discussion on
the limitations of MPA
Unit HI5020 Corporate
Accounting has been
provided. Have clearly
identified the topics
that need to be added
or omitted without
providing any
reasoning. Or the
reasoning is not
A very basic or just
acceptable discussions
on the limitations of
MPA Unit HI5020
Corporate Accounting
has been provided.
Have mentioned a few
topics that need to be
added or omitted
without providing any
reasoning.
Very poor or no
discussion on the
limitations of MPA Unit
HI5020 Corporate
Accounting has been
provided. Have not
identified any topic
that need to be added
or omitted from the
MPA unit HI5020
Corporate Accounting.
Page 8 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
needs to be
omitted?
informed by the job
advertisement.
Critically examine
the skills,
experience and
attributes needed
to become a
corporate
accountant. Also,
critically evaluate
how the topics that
you have learned in
your MPA unit
HI5020 Corporate
Accounting have
helped you in
gaining the skills,
experience and
attributes needed
to become a
corporate
accountant.
/2
An excellent discussion
on the skills,
experience and
attributes needed to
become a corporate
accountant. The
discussion is informed
by the job
advertisements
analysed. Have
provided excellent
discussion linking the
skills, experience and
attributes learned in
HI5020 Corporate
Accounting
A very good discussion
on the skills,
experience and
attributes needed to
become a corporate
accountant. The
discussion is informed
by the job
advertisements
analysed. Have
provided good
discussion linking the
skills, experience and
attributes learned in
HI5020 Corporate
Accounting.
A good discussion on
the skills, experience
and attributes needed
to become a corporate
accountant. The
discussion is informed
by the job
advertisements
analysed. Have
attempted to link the
skills, experience and
attributes learned in
HI5020 Corporate
Accounting.
A very basic or just
acceptable discussion
on the skills,
experience and
attributes needed to
become a corporate
accountant. The
discussion is not
informed by the job
advertisements
analysed. A very basic
attempt to link the
skills, experience and
attributes learned in
HI5020 Corporate
Accounting.
Very poor or no
discussion has been
provided on the skills,
experience and
attributes needed to
become a corporate
accountant. The
discussion is not
informed by the job
advertisements
analysed. No attempt
to link the skills,
experience and
attributes learned in
HI5020 Corporate
Accounting.
PART B QUESTIONS
From your
company’s financial
statements, list
each item of equity
reported and write
your understanding
of each item.
Discuss any changes
in each item of
equity for your
company over last
two years
/2
Each items of equities
have been clearly
identified.
Demonstrate a clear
understanding of each
item of equity and the
reason for the change
Each items of equities
have been clearly
identified.
Demonstrate a good
understanding of each
item of equity and the
reason for the change
Each items of equities
have been clearly
identified.
Demonstrate a good
understanding of each
item of equity. Does
not demonstrate an
understanding for the
reason for the change
Each items of equities
have been clearly
identified.
Demonstrate a poor
understanding of each
item of equity. Does
not demonstrate an
understanding for the
reason for the change
Each items of equities
have not been clearly
identified.
Demonstrate a very
poor understanding of
each item of. Des not
demonstrate an
understanding for the
reason for the change
Page 9 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
articulating the
reasons for the
change.
From your
company’s financial
statements, list
each item of liability
reported and write
your understanding
of each item.
Discuss any changes
in each item of
liability for your
company over last
two years
articulating the
reasons for the
change.
/2
Each item of liability
has been clearly
identified.
Demonstrate a clear
understanding of each
item of liability and the
reason for the change
Each item of liability
has been clearly
identified.
Demonstrate a good
understanding of each
item of liability and the
reason for the change
Each item of liability
has been clearly
identified.
Demonstrate a good
understanding of each
item of liability. Does
not demonstrate an
understanding for the
reason for the change
Each item of liability
has been clearly
identified.
Demonstrate a poor
understanding of each
item of liability. Does
not demonstrate an
understanding for the
reason for the change
Each item of liability
has not been clearly
identified.
Demonstrate a very
poor understanding of
each item of. Des not
demonstrate an
understanding for the
reason for the change
What items have
been reported in
the other
comprehensive
income statement
for each year?
/2
All items of the other
comprehensive income
statement have been
clearly identified
All items of the other
comprehensive income
statement have been
identified with minor
errors
Items of the other
comprehensive income
statement have been
identified with major
errors
An attempt was made
to identify Items of the
other comprehensive
income statement
Items of
comprehensive income
statement have not
been identified
Why have these
items not been
reported in Income
Statement/Profit
and Loss
Statements?
/2
An excellent reasoning
has been provided as to
why other
comprehensive income
items are not shown in
the income statement
with reference to the
requirement of the
specific Accounting
standards.
An excellent reasoning
has been provided as to
why other
comprehensive income
items are not shown in
the income statement.
Reference to the
requirement of the
specific Accounting
standards has been
made with some errors.
An excellent reasoning
has been provided as to
why other
comprehensive income
items are not shown in
the income statement.
No reference to the
requirement of the
specific Accounting
standards has been
made.
A good reasoning has
been provided as to
why other
comprehensive income
items are not shown in
the income statement.
No reference to the
requirement of the
specific Accounting
standards has been
made.
A poor/incorrect
reasoning has been
provided as to why
other comprehensive
income items are not
shown in the income
statement. Or has
mentioned that the
other comprehensive
income items can be
shown in the income
Page 10 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
statement. No
reference to the
requirement of the
specific Accounting
standards has been
made.
Provide a
comparative
analysis of the items
shown in the other
comprehensive
income statement
section for the two
years. If these items
were included in the
income statement /
profit and loss
statements of each
year, how would the
profit attributable
to shareholders of
the company be
affected?
/2
An excellent
comparative discussion
has been provided on
the two years.
A very good
comparative discussion
has been provided on
the two years.
An attempt has been
made to provide
comparative
discussions but could
not do it quite well
Comparative
discussions have not
been provided, only a
general discussion has
been provided
No acceptable
discussion has been
provided.
Should other
comprehensive
income be included
in evaluating the
performance of
managers of the
company?
/2
An excellent argument
has been provided on
why the other
comprehensive income
should not be included
in evaluating the
managers’
performance.
A very good argument
has been provided on
why the other
comprehensive income
should not be included
in evaluating the
managers’
performance.
A good attempt has
been made to provide
an argument on why
the other
comprehensive income
should not be included
in evaluating the
managers’
performance.
An attempt has been
made to provide an
argument on why the
other comprehensive
income should not be
included in evaluating
the managers’
performance but could
not clearly make the
point
No acceptable
discussion has been
provided.
Conclusions
/1
Apply our judgement
Page 11 of 11
HI5020 Corporate Accounting Individual Assignment T3 2020
Total in Written
Assignment
/25
Video presentation
/10
Total
/35

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