HI5020 CORPORATE ACCOUNTING

HI5020 CORPORATE ACCOUNTING :

Cover page

Unit Details	Name	CORPORATE ACCOUNTING
	Code	HI5020
	Year, Trimester	2023, Trimester 1

Assessment Details	Name	Individual Assignment
	Due Date and Week	26 / 05 / 2023, Week #10

Individual Student Details	Student Number
	First Name
	Family Name

Submission Declaration	Integrity Declaration	I have read and understand academic integrity policies and practices and my assessment does not violate these.
	Full Name
	Submission Date

Instructions

Academic Integrity Information	Holmes Institute is committed to ensuring and upholding academic integrity. All assessment must comply with academic integrity guidelines. Important academic integrity breaches include plagiarism, collusion, copying, impersonation, contract cheating, data fabrication and falsification. Please learn about academic integrity and consult your teachers with any questions. Violating academic integrity is serious and punishable by penalties that range from deduction of marks, failure of the assessment task or unit involved, suspension of course enrolment, or cancellation of course enrolment.
Format Instructions	Most assessments must be in MS Word format with no spacing, 11-pt Calibri font and at least 2cm margins on all four sides with appropriate section headings and page numbers. You must name your file with the Unit Code and Student ID (e.g. “HI5003- GWA1995”).Check that you submit the correct document, as special consideration is not granted if you make a mistake.Student ID needs to be indicated on the cover page.
Penalties	All work must be submitted on Blackboard by the due date and time, along with a completed Assessment Cover Page. Late penalties apply.Reference sources must be cited in the text of the report and listed appropriately at the end in a reference list using Holmes Institute Adapted Harvard Referencing. Penalties are associated with incorrect citation and referencing.

Assessment Details and Submission Guidelines
Trimester	T1 2023
Unit Code	HI5020
Unit Title	Corporate Accounting
Assessment Type	Individual Assignment
Assessment Title	Raising funds for corporate operations and liabilities, provisions, contingent liabilities and contingent assets. Measurement Basis for Assets.
Purpose of the assessment (with ULO Mapping)	This assignment aims at developing a clear understanding of students on different sources of funds used/raised by companies. They will need to identify different sources of funds used by three selected companies and discuss the evolution of the sources of funds used by the selected companies over a period of two years. They will have to relate the relative merits of different sources of funds used by the selected companies and shed light on why the selected companies are using different sources of funds differently. Students will also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets’ and identify the use of this standard by the selected companies. Students will have to identify all different categories of assets recorded by the selected companies and examine the measurement basis used by the company for each class of assets. (ULO 2, 3, 4).
Weight	35 % of the total assessments
Total Marks	35
Word limit	3000 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 the lecturer has granted an extension and/or special consideration before the assessment deadline.
Submission Guidelines	All work and a completed Assignment Cover Page must be submitted on Blackboard by the due date.The assignment must be in MS Word format, with 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 the Holmes Adapted Harvard referencing guide.

Assignment Specifications

Assessment task:

Collect the latest annual reports of THREE (3) ASX-listed companies for the last two years. Based on your collected annual reports, do the following tasks:

• Identify the different sources of funds that your selected companies have used
• Examine the evolution of the sources of funds used by the company over the last two years period with a specific focus on the changes in different sources of funds
• What percentage of the fund is internally generated, and what percentage of the fund is externally generated?
• Explain the relative merits and demerits of the different sources of funds used by your selected companies.
• Critically examine different types of liabilities shown in the balance sheet of your selected companies. Identify which of the liabilities are interest-bearing and which ones do not interest is bearing.
• Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets.
• Identify if your selected companies have referenced this particular standard (AASB 137) in their annual reports.
• Identify all different categories of assets recorded by the selected companies
• Critically examine the measurement basis used by the company for each class of assets recorded by the company

Assignment Structure should be as the following:

Marking criteria

Marking criteria	Weighting
Abstract	1%
List of content & overall presentation of the assignment	1%
Introduction	1%
Identify the different sources of fund that have been used by your selected companies	1%
Examine the evolution of the sources of fund used by the companies over the two years period with specific focus on the changes of different sources of funds	4%
What percentage of the fund is internally generated and what percentage of the fund is	2%

externally generated.
Explain the relative merits and demerits of the different sources of fund used by your selected companies.	3%
	1%
Critically examine different types of liabilities shown in the balance sheet of your selected companies? Identify which one of the liability interest bearing and which one is not interest is bearing.	3%
Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent Assets.	4%
Identify if your selected companies have made any reference to this particular standard (AASB 137) in their annual reports.	4%
Identify all different categories of assets recorded by the selected companies	4%
Critically examine the measurement basis used by the company for each class of assets recoded by the company	5%
Conclusion	1%
TOTAL Weight	35%

Marking Rubric

	Excellent	Very Good	Good	Satisfactory	Unsatisfactory
Identify the	Specific sources	Specific	Gross	Gross	Has failed to
different	of liabilities and	sources of	amount of	amount of	identify
sources of	equities have	liabilities and	liabilities and	liabilities and	different
fund that	been clearly	equities have	equities have	equities have	sources of fund
have been	identified.	been clearly	been	been	used by the
used by your	Demonstrate a	identified.	identified	identified	company. Many
selected	clear		without	without	errors in the
companies	understanding		specific	specific	answer or has
	of each sources		identification	identification	misunderstood
			of each	of each	the question
			sources.	sources.
				There are
				some errors
Examine the	The evolution	The	The	The	Has answered
evolution of	of different	evolution of	evolution of	evolution of	the question
the sources	sources of	different	different	different	with many
of fund used	funds within	sources of	sources of	sources of	errors and
by the	the company	funds within	funds within	funds within	misunderstandi
company	(with specific	the company	the company	the company	ng or has not
over the last	focus on their	(with specific	(with specific	(with specific	answered the
two years	changes) has	focus on	focus on	focus on	question
period with	been discussed	their	their	their
specific	comprehensivel	changes) has	changes) has	changes) has
focus on the	y.	been	been	been
changes of		discussed	discussed	discussed
different		with minor	with major	with major
sources of		errors.	errors.	errors. The
funds				answer still
				make sense
What	Has shown the	Has shown	Has shown	Has shown	Has not shown
percentage	percentage of	the	the	the	the percentage
of the fund	each sources of	percentage	percentage	percentage	of each sources
is internally	funds used by	of each	of each	of each	of funds used by
generated	the company	sources of	sources of	sources of	the company.
and what	distinguishing	funds used	funds used	funds used	Externally
percentage	between	by the	by the	by the	generated funds
of the fund	externally	company.	company.	company.	and internally
is externally	generated	Externally	Externally	Externally	generated funds
generated.	funds and	generated	generated	generated	have not been
	internally	funds and	funds and	funds and	distinguished.
	generated fund.	internally	internally	internally
		generated	generated	generated
		funds have	funds have	funds have
		been	been	not been
		distinguished	distinguished	distinguished
		with minor	with major	.

		errors.	errors.
Explain the	The relative	The relative	The relative	The relative	Insignificant or
relative	merits and	merits and	merits and	merits and	no acceptable
merits and	demerits of the	demerits of	demerits of	demerits of	attempt has
demerits of	different	the different	the different	the different	been made to
the different	sources of	sources of	sources of	sources of	the relative
sources of	funds used by	funds used	funds used	funds used	merits and
fund used by	the company	by the	by the	by the	demerits of the
your	have been	company	company	company	different
selected	explained with	have been	have been	have been	sources of funds
companies.	particular	explained.	explained	explained	used by the
	reference to the	Has made	with minor	with major	company have
	context of the	reference to	errors. Has	errors and	not been
	selected	the context	made	confusions.	explained
	companies.	of the	reference to	No reference
		selected	the context	has been
		companies	of the	made to the
		with minor	selected	context of
		errors	companies	the selected
			with major	companies
			errors
Critically	All different	All different	All different	Minor errors	Has not been
examine	types of	types of	types of	in identifying	able to identify
different	liabilities have	liabilities	liabilities	different	different types
types of	been identified.	have been	have been	types of	of liabilities. Has
liabilities	Has correctly	identified.	identified.	liabilities.	not been able to
shown in the	identified	Minor errors	Major errors	Major errors	identify interest
balance	interest bearing	in identifying	in identifying	in identifying	bearing and
sheet of	and non-	interest	interest	interest	non-interest-
your	interest-bearing	bearing and	bearing and	bearing and	bearing
selected	liabilities.	non-interest-	non-interest-	non-interest-	liabilities.
companies?		bearing	bearing	bearing
Identify		liabilities.	liabilities.	liabilities.
which one of
the liability
interests
bearing and
which one is
not interest
is bearing.
Critically	Has shown an	Has shown a	Has shown a	Has shown a	Has not shown
examine the	excellent grasp	good level of	basic level of	poor level of	any acceptable
key	of the concepts	understandin	understandin	understandin	level of
provisions	under AASB 137	g of the	g of the	g of the	understanding
under the		concepts	concepts	concepts	of the concepts
AASB 137		under AASB	under AASB	under AASB	under AASB
‘Provisions,		137	137.	137.	137.
Contingent

Liabilities and Contingent Assets.
Identify if	Has been able	Has been	Has been	Has been	Has not been
your	to identify and	able to	able to	able to	able to identify
selected	explain the	identify and	identify and	identify and	and explain the
companies	areas where the	explain the	explain the	explain the	areas where the
have made	selected	areas where	areas where	areas where	selected
any	companies have	the selected	the selected	the selected	companies have
reference to	made reference	companies	companies	companies	made reference
this	to AASB 137	have made	have made	have made	to AASB 137.
particular		reference to	reference to	reference to
standard		AASB 137	AASB 137	AASB 137
(AASB 137)		with minor	with major	with major
in their		errors.	confusions	confusions
annual			or errors.	or errors.
reports.
Identify all	Has completely	Has	Has	Has	Has not
different	identified all	identified	identified	identified	provided an
categories of	different classes	different	different	different	acceptable
assets	of assets	classes of	classes of	classes of	answer.
recorded by	recorded by the	assets	assets	assets with
the selected	company. The	recorded by	recorded by	major errors.
companies	focus is on	the company	the company	Has mixed up
	classes of	with minor	with major	assets with
	assets, not on	errors.	errors	other
	individual			elements of
	assets.			the balance
				sheet
Critically	Has	Has	Has	Has	Has failed to
examine the	comprehensivel	examined	examined	examined	identify the
measureme	y examined the	the	the	the	measurement
nt basis used	measurement	measuremen	measuremen	measuremen	basis used by
by the	basis used by	t basis used	t basis used	t basis used	the company.
company for	the company	by the	by the	by the	Has failed to
each class of	with	company.	company	company	demonstrate
assets	demonstration	Has	with minor	with major	any acceptable
	of excellent	demonstrate	errors. Has	errors. Has	level of
	level of	d a good	demonstrate	demonstrate	understanding
	understanding	level of	d a basic	d a poor	of the concepts
	of the concepts	understandin	level of	level of	of historical cost
	of historical	g of the	understandin	understandin	and fair value
	cost and fair	concepts of	g of the	g of the
	value.	historical	concepts of	concepts of
		cost and fair	historical	historical
		value.	cost and fair	cost and fair
			value.	value.

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