hi,The subject is Accounting Theory.I need to get a High distinction marks for this assignment task.I can provide relevant resources as well as a similar sample question and a answer.could you pleas

Task 2 - Analysing current issues in accounting

Value: 20%

Length: 2,000 words

Submission method options: EASTS (online)

Task

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Content assessed: Accounting regulation and topics(s) that your research is related to.

Key generic skills: Research, critical thinking, and written communication.

 

Question 1 (10 marks - 1,000 words)

 

Find a newspaper article or web page report of an item of accounting news that refers to a current event, consideration, comment or decision that has been published after June 2019. Your article could also come from one of the professional journals. The article should not come from an academic journal as academic journals generally do not contain news articles or articles of less than one page and are usually only published 2 to 4 times a year. If you are having a problem ensuring that your article is from an appropriate source contact your subject coordinator (Nick Davis: [email protected]).

 

Explain the article that you have found in your own words and clearly relate the concepts, ideas and facts within the article to one or more of the theories or topics that you have studied this session. For example, this from The Australian in July 2018 could be linked to accounting regulation or measurement (and perhaps others). Provide a copy of the article or web page, with details of the source, date and page number with your answer.

 

Question 2 (10 marks - 1,000 words)

 

Find a current exposure draft or proposal for a new accounting standard which has been opened for public comment. These can be found on the websites of most standard-setting organisations, such as the IASB, AASB, and FASB. (Hint: These websites can be quite difficult to navigate, so as a first step try typing “IASB exposure draft and comment letters”/”FASB exposure draft and comment letters” into Google or other search engines of your choice). Read and select four (4) comment letters from a range of respondents, for example, from accounting bodies, industry, companies or corporate bodies. Try to avoid using only comment letters from one broad category of respondent as this may limit the range of views you can draw on when answering the sections below. If you are having a problem finding suitable comment letters then contact your subject coordinator (Nick Davis: [email protected]). Include copies of the four comment letters you wish to discuss and complete the following tasks:

 

a) Outline the major issues covered in the exposure draft (what is the exposure draft introducing or changing?) 

 

b) Is there agreement among the various respondents? Describe the issues where there is agreement/disagreement and provide examples.

 

c) Can any of the comment letters be interpreted as being for or against regulation? Justify your position. 

 

d) Interpret the actions of the authors of the comments letters using each of the theories of regulation (public interest, private interest, and capture). Identify the theory you think best explains the motivations for the comment letters and justify your response.  

Please note: you need to attach the comment letters you selected for your report (no need to attach exposure draft).

NB:  A useful tool for you to use that demonstrates how to correctly use in text referencing and the correct way to cite the reference in your reference list can be found at https://apps.csu.edu.au/reftool/apa-6

Rationale

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This assessment task will assess the following learning outcome/s:

  • be able to compare and contrast the diverse perspectives which can be used to explain the development of accounting theory including the impact of social change on accounting and vice versa.

  • be able to deconstruct specific accounting issues that have been the subject of theoretical analysis.

  • be able to engage in the accounting discourse including critical analysis of the various theoretical approaches applied within the accounting discipline.

Marking criteria and standards

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Question 1

 

Criteria

 

 

 

Ability to find and describe an accounting issue.

Inclusion of item of accounting news. (SLO5) (1 mark)

Copy of item included (1 mark)

A link to the item is provided (0.5 marks)

No copy or link provided (0 marks)

 

High Distinction

Distinction

Credit

Pass

Description of major issues in the article. (SLO5) (1 mark)

Description with

in-depth discussion and identification of all the key issues.

Clear identification and discussion of all key issues.

Clear coverage of most of the key issues in the article.

Summary provided, with one or two issues identified, but there may be other issues that could have been addressed that have been overlooked.

Linkage of major issues in the article to one or more topics presented in the subject. (SLO5) (4 marks)

Response identifies a range of relevant topics and theories and is able to deconstruct and evaluate the issues through the use of theories and arrive at a logical position, for example by synthesizing the insights of different theories.

Response identifies a range of relevant topics and theories and is able to evaluate the issue with a discussion of theory containing relevant examples.

The response uses theory to provide a clear explanation and analysis of most of the relevant issues in the article.

Response provides a linkage to the most obvious topic as well as a brief description of the linkage to some of the related accounting theories.

Critical Capacity: Has the student deeply analysed the underlying assumptions of the accounting theories and perspectives of regulation they have utilised in their response (SLO5) (2 marks)

Response critically evaluates the underlying assumptions of the applied theories and perspectives of regulation

Response crucially evaluates most of the assumptions in the applied theories and perspectives of regulation. Some may be evaluated with greater depth than others.

Response provides some critical evaluation of the theories as a whole and perspectives of regulation.

Response provides some summaries of the theories and the underlying assumptions and the perspectives of regulation.

Academic Writing: Is the answer easy to follow and understand? (2 marks)

Accurate use of syntax, spelling, and punctuation; correctly refers to an extensive variety of sources to support arguments, including prescribed texts and a broad range of additional readings; reference list of an extensive range of resources used, correctly formatted using APA style.

Accurate use of syntax, spelling, and punctuation; succinct and effective use of vocabulary; correctly refers to a broad range of sources to support arguments, including prescribed text and a variety of further readings. Reference contains a broad range of relevant resources used, correctly formatted using APA style.

Accurate use of syntax, vocabulary, spelling, and punctuation; correctly refers to more than the minimum requirement of sources to support arguments, including prescribed texts and recommended readings. Reference list formatted in APA style, with few or no errors.

Mostly accurate syntax, spelling, and punctuation; correctly refers to the minimum number of sources to support arguments, including prescribed texts. Reference list used, formatted in APA style, with minor errors.


Question 2

 

Criteria

 

 

 

Ability to find comment letters, Inclusion of copies of comment letters. (SLO6) (1 mark)

Copy of comment letters included (1 mark)

A link to the comment letter is provided (0.5 marks)

No copy or link provided (0 marks)

 

High Distinction

Distinction

Credit

Pass

Outline of major issues covered in the exposure draft. (SLO6) (1 mark)

Thorough identification and elaboration of all the key issues.

In-depth identification and elaboration of key issues in the exposure draft.

Clear identification and some elaboration on most of the key issues.

One or two issues identified, but with various other issues overlooked with only basic elaboration.

Description of issues where there is agreement/ disagreement between the parties who have written comment letters. (SLO6) (1 mark)

All of the key areas of conjecture are described in depth and this is supported by evidence from comment letters.

All of the key areas of conjecture are described in depth

Most of the areas of conjecture are described.

The most obvious area of conjecture is briefly described.

Assessment of whether the comment letters can be interpreted as being for or against regulation. (SLO5) (1.5 marks)

Response provides an in-depth and detailed interpretation and assessment as to whether comments are for or against regulation.

Response provides well developed and justifiable interpretation as to whether comment letters are for or against regulation.

Response provides a clear assessment as to whether the comments letters are for or against regulation. 

Response briefly provides a basic explanation and justification as to whether the comments are for or against regulation.

Interpretation of motivations of comments letters using each of the theories of regulation (public interest, private interest, and capture) and justification as to which theory best explains the comments.(SLO6) (1.5 marks)

The response clearly applies all of the theories to the various issues in the comment letters and provides a well-developed justification that critically evaluates the relevance of the theories to the issue.

Response applies all of the theories to the various issues and provides a clear justification for the chosen theories.

Response applies most of the theories to various issues in the comment letters and provides a clear justification for the chosen theory/theories.

Response briefly applies some of the theories to one issue in the comment letters and provides a basic justification for the most obvious theory.

Critical Capacity: Has the student deeply analysed the underlying assumptions of the accounting theories and perspectives utilised in their response?  (SLO6) (2 marks)

Response critically evaluates all the underlying assumptions of the theories of regulation.

Response critically evaluates most of the underlying assumptions of the theories of regulation.

Response provides some critical evaluation of the theories of regulation as a whole.

Response provides some summaries of the theories of regulation and the underlying assumptions.

Academic Writing: Is the answer easy to follow and understand? (2 marks)

 

Accurate use of syntax, spelling, and punctuation; correctly refers to an extensive variety of sources to support arguments, including prescribed texts and a broad range of additional readings; reference list of an extensive range of resources used, correctly formatted using APA style.

Accurate use of syntax, spelling, and punctuation; succinct and effective use of vocabulary; correctly refers to a broad range of sources to support arguments, including prescribed text and a variety of further readings. Reference contains a broad range of relevant resources used, correctly formatted using APA style.

Accurate use of syntax, vocabulary, spelling, and punctuation; correctly refers to more than the minimum requirement of sources to support arguments, including prescribed texts and recommended readings. Reference list formatted in APA style, with few or no errors.

Mostly accurate syntax, spelling, and punctuation; correctly refers to the minimum number of sources to support arguments, including prescribed texts. Reference list used, formatted in APA style, with minor errors.


 

 

Presentation

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The following points are a general guide for presenting assessment items.

  • Assessment items should be typed.

  • Use 1.5 spacing.

  • Use a wide left margin. Markers need space to be able to include their comments.

  • Use a standard 12pt font such as Times New Roman, Calibri or Arial.

  • Left- justify body text.

  • Include a separate title page with your name, student number, subject code, assessment number and assessment question. Include class time and tutor’s name if applicable.

  • Number your pages (except the cover page).

  • Use a header or footer with your name and student number on each page.

  • Always keep a copy of your assessments. Both a hard copy and an electronic copy.

  • Most importantly, always use your spelling and grammar checker, but remember that this does not pick up all errors. You must still manually and carefully edit your work.