HA3011 Advanced Financial Accounting
Assignment
Instructions:
This assignment is a group assignment. Your lecturer will determine the maximum group size. Each group member is required to submit 1,500 words (e.g. if your group size is four members, 4 x 1,500 = 6,000 words). You are required to clearly identify each group member’s contribution on the hard copy.
Please note: no individual submission will be accepted.
This assignment carries weight of 20% of the total assessment value.
It is required to be submitted in as both a hard copy and a soft copy (Safeassign on your bb). Your hard copy will be handed back to you once marked.
The date of submission is Friday 3rd May. As per your student handbook, late submissions will draw penalties.
It is to be in a report format, complete with correct referencing
Assignment requirements.
An extensive consultation paper has been provided to you related to the Conceptual Framework from the International Public Sector Accounting Standards Board.
As a group, you are to read the report, understanding its purpose and then discuss Phases 3 and 4 (Measurement as well as Presenting information in GPFR’s). NOTE: you are not required to discuss Phases 1 & 2.
This will require further research by your group to understand the background, a clear understanding of the relevance of each phase and a discussion as to where this will lead, what the likely outcomes are and why. You should consider and include the history and practices in Australia in your report, e.g. AASB and the structure that existed pre-IASB. As a conclusion, you are to include what you have learned/understood from the paper and from your findings.
Assessment
Whilst it is expected that each submission will differ, assessment consideration will be based on the effort undertaken, the research and the understanding shown. Each assignment will be considered on the merits and quality of the submission. Poor presentation and referencing will draw mark…