AF301 INDIVIDUAL ASSIGNMENT Weight 15% of course mark Due Date On-line submission due 11:59pm Saturday August 24th Print-out due 4:00 pm Monday August 26th at the School of Accounting & Finance Office Word Limit 1,000 words. Write 300-400 words for each question. ? Disclose the word count on your final submission. Style Guide Follow the APA referencing system. Use a font size of 12 or larger and line spacing of 1.5. Fully-justify text and include page numbers. Learning Objectives This assignment addresses course learning objectives (a), (b) and (c) shown in the Course Outline. Read the following article Hines, R. 1998. Financial Accounting: In communicating reality, we construct reality. Accounting, Organisations and Society Vol. 13, No. 3 p 251-261 Required 1. If a company’s financial performance and position both deteriorate significantly, but the directors decide NOT to lift the going concern assumption, to what extent are the financial statements: a) communicating reality; and/or b) creating reality 2. “… most people would see … pollution as being, in some way or another, part of the organization. They used not to. They used to be quite unaware of it. But since they have become aware of it, and because they are beginning to see it as being the responsibility of the organization, we inevitably must do so, in time. Once the organization becomes accountable for something, we must account for it, sooner or later” (Hines, 1998 p254) Choose an organisation (from the USP region) you are familiar with, which you think generates air or water pollution. a) Provide a logical argument and supporting evidence that the organisation is responsible for pollution. b) Explain how the organisation currently accounts for pollution in its reports to external stakeholders. Provide evidence of this e.g. excerpt from a publication by the firm. 3. Not all types of revenue are recognised at the same point e.g. some revenue is recognised when goods are completed and other revenue is…