HOLMES INSTITUTE

FACULTY OF
HIGHER EDUCATION

Assessment Details and Submission Guidelines

Trimester T3 2019
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 This assignment aims at developing a clear understanding of students on different
assessment (with ULO sources of funds used/raised by companies. They will need to identify different sources
Mapping) of fund used by two selected companies, discuss the evolution of the sources of fund
used by the selected companies over a period of 5 years. They will have to relate the
relative merits of different sources of funds used by the selected companies and shed
lights on why the selected companies are using different sources of fund differently.
Students will also have to summarise the key concepts under the AASB 137 ‘Provisions,
Contingent Liabilities and Contingent Assets and identify 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 1, 2, 4, 5, 6, 7).
Weight 40 % of the total assessments (Written assignment 30 % + Presentation 10 percent)
Total Marks Written assignment 30 marks + Presentation 10 marks
Word limit 3,000 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 an extension and/or special consideration has been granted by the lecturer
prior to the assessment deadline.
Submission  All work must be submitted on Blackboard by the due date along with a completed
Guidelines Assignment Cover Page.
 The assignment must be in MS Word format, 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 Harvard referencing style.

HI5020 Corporate Accounting Group Assignment T3 2019

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Assignment Specifications
Purpose:

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 fund used by two selected
companies, discuss the evolution of the sources of fund used by the selected companies over a period of 3
years. They will have to relate the relative merits of different sources of funds used by the selected companies
and shed lights on why the selected companies are using different sources of fund differently. Students will
also have to summarise the key concepts under the AASB 137 ‘Provisions, Contingent Liabilities and Contingent
Assets and identify 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.

Assessment task:

Collect the latest annual reports of Two (2) ASX listed companies for the last 3 financial years. Based on your
collected annual reports, do the following tasks:

(i) Identify the different sources of fund that have been used by your selected companies.
(ii) Examine the evolution of the sources of fund used by the company over the last three financial
years with specific focus on the changes of different sources of funds.
(iii) Identify the percentage of the fund that is internally generated and the percentage of the fund
that is externally generated for each selected company.
(iv) Explain the relative merits and shortcomings of the different sources of fund used by your selected
companies.
(v) Critically examine different types of liabilities shown in the balance sheet of your selected
companies? Identify which ones of the liabilities are interest bearing and which ones are not
interest is bearing.
(vi) Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent Liabilities and
Contingent Assets.
(vii) Identify if your selected companies have made any reference to this particular standard (AASB
137) in their annual reports.
(viii) Identify all different categories of assets recorded by the selected companies.
(ix) Critically examine the measurement basis used by the company for each class of assets recoded
by the selected companies.

Assignment Structure should be as the following:

Abstract - One paragraph
List of Content
Introduction
Body of the assignment with detailed answer on each of the required tasks
Summary/Conclusion
List of references

…..

HI5020 Corporate Accounting T3 2019

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Instruction for video presentation:

Based on your written assignment you will have to make a summary video presentation at a length of 10
minutes. Your presentation should explain the assignment tasks and your key findings. You will have to upload
the presentation in You Tube and submit the you tube link at Blackboard so that the marker can watch and
mark your presentation. Your presentation will be marked based on the following criteria:

Presentation Style (3 Content (4 marks) Clarity of the presentation

marks) (3 marks)
Excellent 3-2.5 4-3 3-2.5
Very good 2.5-1.75 3-2.5 2.5-1.75
Good 1.75-1.5 2.5-2.00 1.75-1.5
Satisfactory 1.5-1.00 2.00-1.00 1.5-1.00
Unsatisfactory 1.00-0 1.00-0 1.00-0

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 company over the last three 3%
financial years with specific focus on the changes of different sources of funds.
Identify the percentage of the fund that is internally generated and the percentage of 2%
the fund that is externally generated for each selected company.
Explain the relative merits and shortcomings of the different sources of fund used by your 3%
selected companies.
Critically examine different types of liabilities shown in the balance sheet of your selected 3%
companies? Identify which ones of the liabilities are interest bearing and which ones are
not interest is bearing.
Critically examine the key provisions under the AASB 137 ‘Provisions, Contingent 3%
Liabilities and Contingent Assets.
Identify if your selected companies have made any reference to this particular standard 4%
(AASB 137) in their annual reports.
Identify all different categories of assets recorded by the selected companies. 3%
Critically examine the measurement basis used by the company for each class of assets 4%
recoded by the selected companies.
Conclusion 1%
Total in Written Assignment 30%
Video presentation 10%
Total 40 %

HI5020 Corporate Accounting T3 2019

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Marking Rubric
Excellent Very Good Good Satisfactory Unsatisfactory

Identify the Specific sources Specific sources Gross amount Gross amount Has failed to
different sources of of liabilities and of liabilities and of liabilities and of liabilities identify
fund that have been equities have equities have equities have and equities different
used by your been clearly been clearly been identified have been sources of
selected identified. identified. without specific identified fund used by
companies. Demonstrate a identification of without the company.
clear each sources. specific Many errors in
/1 understanding of identification the answer or
each sources of each has
sources. There misunderstoo
are some d the question
errors
Examine the The evolution of The evolution of The evolution of The evolution Has answered
evolution of the different sources different sources different of different the question
sources of fund of funds within of funds within sources of funds sources of with many
used by the the company the company within the funds within errors and
company over the (with specific (with specific company (with the company misunderstand
last three financial focus on their focus on their specific focus on (with specific ing or has not
years with specific changes) has changes) has their changes) focus on their answered the
focus on the been discussed been discussed has been changes) has question
changes of different comprehensively. with minor discussed with been
sources of funds. errors. major errors. discussed with
major errors.
/3 The answer
still make
sense
Identify the Has shown the Has shown the Has shown the Has shown the Has not shown
percentage of the percentage of percentage of percentage of percentage of the
fund that is each sources of each sources of each sources of each sources percentage of
internally funds used by funds used by the funds used by of funds used each sources
generated and the the company company. the company. by the of funds used
percentage of the distinguishing Externally Externally company. by the
fund that is between generated funds generated funds Externally company.
externally externally and internally and internally generated Externally
generated for each generated funds generated funds generated funds funds and generated
selected company. and internally have been have been internally funds and
generated fund. distinguished distinguished generated internally
/2 with minor with major funds have not generated
errors. errors. been funds have not
distinguished. been
distinguished.

HI5020 Corporate Accounting T3 2019

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Explain the relative The relative The relative The relative The relative Insignificant
merits and merits and merits and merits and merits and or no
shortcomings of the demerits of the demerits of the demerits of the demerits of acceptable
different sources of different sources different sources different the different attempt has
fund used by your of funds used by of funds used by sources of funds sources of been made to
selected the company the company used by the funds used by The relative
companies. have been have been company have the company merits and
explained with explained. Has been explained have been demerits of
/3 particular made reference with minor explained with the different
reference to the to the context of errors. Has major errors sources of
context of the the selected made reference and funds used by
selected companies with to the context confusions. No the company
companies. minor errors of the selected reference has have not been
companies with been made to explained
major errors the context of
the selected
companies
Critically examine All different All different types All different Minor errors Has not been
different types of types of liabilities of liabilities have types of in identifying able to
liabilities shown in have been been identified. liabilities have different types identify
the balance sheet identified. Has Minor errors in been identified. of liabilities. different types
of your selected correctly identifying Major errors in Major errors of liabilities.
companies? Identify identified interest bearing identifying in identifying Has not been
which one of the interest bearing and non-interest interest bearing interest able to
liability interest and non-interest bearing liabilities. and non- bearing and identify
bearing and which bearing liabilities. interest bearing non-interest interest
one is not interest is liabilities. bearing bearing and
bearing. liabilities. non-interest
bearing
/3 liabilities.
Critically examine Has shown an Has shown a Has shown a Has shown a Has not shown
the key provisions excellent grasp of good level of basic level of poor level of any acceptable
under the AASB 137 the concepts understanding of understanding understanding level of
‘Provisions, under AASB 137 the concepts of the concepts of the understanding
Contingent under AASB 137 under AASB concepts of the
Liabilities and 137. under AASB concepts
Contingent Assets. 137. under AASB
137.
/3
Identify if your Has been able to Has been able to Has been able Has been able Has not been
selected companies identify and identify and to identify and to identify and able to
have made any explain the areas explain the areas explain the explain the identify and
reference to this where the where the areas where the areas where explain the
particular standard selected selected selected the selected areas where
(AASB 137) in their companies have companies have companies have companies the selected
annual reports. made reference made reference made reference have made companies
to AASB 137 to AASB 137 with to AASB 137 reference to have made
/4 minor errors. with major AASB 137 with reference to
confusions or major AASB 137.
errors. confusions or
errors.

HI5020 Corporate Accounting T3 2019

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Identify all different Has completely Has identified Has identified Has identified Has not
categories of assets identified all different classes different classes different provided an
recorded by the different classes of assets of assets classes of acceptable
selected companies of assets recorded by the recorded by the assets with answer.
recorded by the company with company with major errors.
/3 company. The minor errors. major errors Has mixed up
focus is on assets with
classes of assets, other
not on individual elements of
assets. the balance
sheet
Critically examine Has Has examined the Has examined Has examined Has failed to
the measurement comprehensively measurement the the identify the
basis used by the examined the basis used by the measurement measurement measurement
company for each measurement company. Has basis used by basis used by basis used by
class of assets basis used by the demonstrated a the company the company the company.
recoded by the company with good level of with minor with major Has failed to
selected demonstration of understanding of errors. Has errors. Has demonstrate
companies. excellent level of the concepts of demonstrated a demonstrated any acceptable
understanding of historical cost basic level of a poor level of level of
/4 the concepts of and fair value. understanding understanding understanding
historical cost of the concepts of the of the
and fair value. of historical cost concepts of concepts of
and fair value. historical cost historical cost
and fair value. and fair value

HI5020 Corporate Accounting T3 2019