Follow the instruction to write 1000words report - Business Finance
Follow the instruction to write 1000words reportPlease answer each sections carefullyAll the work must be originalTurnitin report is required
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ACCG 3008 S1, 2020 Corporate Accounting module
Short Essay requirements (individual task – 7\%)
This task is due 10am, Wednesday 27 May 2020
Description of task: An essay style report about corporate accounting that must be
your own individual work. You must include appropriate in-text references in the APA
style and at the end of the essay a reference list with hyperlinks.
Format and word limit: You must upload the report to ilearn in a Microsoft Word or
PDF file of no more than 1,000 words. Do not use a cover sheet but put your name
and student ID on top of the first page. You must upload as ONE file only. You must
not embed scanned material. DO NOT submit a different format – e.g. Apple Pages,
compressed zip file, etc. It messes up the turn-it-in process which then means I need
to contact you and waste your time and my time.
The word limit does not include your reference list, but you must not use appendices
for additional material that ‘did not fit in your word length.’
You must use Arial 12 point font with 1.15 line spacing and MS Word ‘Normal’ margins.
A penalty of 10 percent of your marks applies for any failure to comply with the format
and word limit rules.
Topic of essay: During the Global Financial Crisis of 2008/9, it was claimed that IFRS
fair value accounting techniques used in corporate reports had distorted financial
reality and caused the crisis.
(a) Describe those alleged problematic fair value accounting techniques and
standards, and state if you agree with the criticisms and why (10 marks).
(b) In the period 2009-2020 do you think IFRS fair value standards have improved?
State your reasons and evidence (10 marks).
(c) In the event of a major economic downturn in 2020 or later do you think assets
will be appropriately measured by IFRS fair value accounting standards?
Explain (10 marks).
General requirements
Label each section clearly. In each section, get straight to the point of the argument
and do not waste space with ‘general background information’ etc.
Note: ACCG3008 students may not be experts on fair value accounting, but there
is so much material on this subject available on the internet at all levels, novice
bystander explanations through to advanced professional, that you will have no
trouble to understand the main issues.
Your marks/30 will be converted to your 7\% ACCG3008 assessment mark.
Instructions continued over pages/
Turnitin and WARNINGS about originality.
Your uploaded report will be scanned by Turnitin for originality.
You do NOT need to include a coversheet, but you will be asked to sign the Turnitin
form which states that YOU ARE FAMILIAR WITH THE MACQUARIE UNIVERSITY
ACADEMIC HONESTY POLICY. This means that you have submitted ORIGINAL
WORK. You should not include cut-and-pasted text from internet sources, other
students OR you own previous work (even from high school!)
DO NOT SUBMIT WORK YOU HAVE SUBMITTED BEFORE OR COPIED FROM
SOMEONE ELSE. There are severe penalties for plagiarism (deliberate copying) and
self-plagiarism. Penalties for plagiarism could include zero for the assignment and
escalation to the disciplinary committee.
Referencing best practice and originality.
You should acknowledge all sources of material in an accepted academic manner.
You need to become skilled in re-writing and commenting on other people’s
information and sentiments in your own words. Each statement, source, piece of
information that is not your own must be identified throughout the Essay and a
reference given which shows full details of author, publication, date, page number if
the information is very specific. IT IS NOT SUFFICIENT JUST TO HAVE A LIST OF
REFERENCES AT THE END. Example, in your text you write:
According to Brown (2007) Mitsubishi lobbied the NYSE in the 1990s. or
Mitsubishi lobbied the NYSE in the 1990s (Brown, 2007).
And in your reference list at the end:
Aardvaark, A., 2004, …………………………………………………………
Brown, B., 2007, “Mitsubishi lobbying activities”, name of publication
underlined, edition number, page numbers.
Catfish, C. and Dogfish, D., 2001, “Great moments in Japanese history”,
www.catfishdogfish.org/japan/history/
If you need more information on how to reference properly then go to the Macquarie
University Library website at https://libguides.mq.edu.au/referencing/APA6thEdition
Appropriate referencing is essential for your research report. Students who provide
inadequate or no references can expect to receive penalties even if there is no
evidence of plagiarism. Those with inadequate references can expect to receive a low
grade, perhaps less than 50 per cent (see marking rubric below).
Mark
85\%+
HD
Marking criteria for ACCG 3008 assignment
Expectations
a) Shows very substantial research into topic with extremely insightful use of
references.
b) Interprets the elements in an engaging manner and addresses subject with highest
degree of critical evaluation and originality that might be expected of a student.
Statements are well justified and demonstrate deep understanding of the topic.
c) Writing makes consistent logical sense.
75 –
84\%
D
a) Shows substantial research into topic with insightful use of references.
b) Interprets the element in an engaging manner and addresses subject with a good
degree of critical evaluation and originality. Statements are well justified and
demonstrate good understanding of the topic.
c) Writing makes consistent logical sense.
65 –
74\%
CR
a) Shows moderate to substantial research into topic with insightful use of references.
b) Interprets the element in an engaging manner and addresses subject with a
competent degree of critical evaluation and originality. Statements are well justified
and demonstrate competent understanding of the topic.
c) Writing makes consistent logical sense.
50 –
64\% P
a) Shows moderate but acceptable research into topic.
b) Interprets the element in a moderate but acceptable manner though without much
distinguishing originality.
c) Writing makes consistent logical sense.
0–
49\%
fail
a) May be inadequate research into topic, few or no references, or improper use of
those references.
b) Discussion may be poorly formulated and statements may not logically tie together.
c) Writing may not make logical sense.
Extensions and late penalty
I’ve worked really hard on my essay but just when I was going to spend a few
days putting the finishing touches on it I’ve become sick. What should I do?
There are some ‘do’s and a ‘don’t’ here:
• DO submit a formal request for Special Consideration, following the process
outlined in the Special Consideration policy which is available here:
https://students.mq.edu.au/study/my-study-program/special-consideration
Your application is assessed centrally (i.e. not by me) and if it is approved, I then
determine the appropriate response - e.g. by granting an extension.
• DO submit your application quickly – note that there is a time limit for applications.
• DO specify the Unit, the assessment task and the length of the extension you are
applying for. Bear in mind that extensions are almost never granted for periods longer
than the period of illness – i.e. if you have a medical certificate for three days you will
only get a maximum three-day extension.
• DON’T wait to submit your assignment before receiving the outcome from your
Special Consideration request. There is a delay between your submitting the
request and it being forwarded and processed by me, so do not wait to submit the
assignment while you wait for the outcome. As noted above, if you are sick for three
days before the submission date, even if your application is successful you will only
receive a maximum of a three day extension, but your application will almost certainly
take longer than three days to process. Therefore, if you wait until you receive the
official outcome to lodge your assignment, it will probably still be so late as to get few
marks!
Late penalties
No extensions will be granted. There will be a deduction of 10\% of the total available
marks made from the total awarded mark for each 24 hour period or part thereof that
the submission is late (for example, 25 hours late in submission – 20\% penalty). This
penalty does not apply for cases in which an application for Special Consideration is
made and approved.
...
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