UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF ACCOUNTANCY AND MANAGEMENT

BACHELOR OF ACCOUNTING (HONOURS)

UKAF 2093 FINANCIAL REPORTING

(JUNE 2020, Y2 S1)

GROUP ASSIGNMENT

Group Assignment 20%

The following is an assignment question to be discussed and completed:

Questio Topic % Deadline for

n submission
1 Article review 40% week 7
2 Review on financial 40% week 7
reporting
3 Others 20%
100
%

Written answer to the question

This is a GROUP assignment where the question is given at week one of the
trimester. Each group may consist from 4 to 5 students. No plagiarism of any
writings, books, magazines or previously submitted assignments. Even though
the lecturer / tutor will use the question to discuss about the relevant topics,
students are expected to produce answers that are original from their own ability
to analyse and digest the question. Bonus marks will be given to extra
recommendations.

Criteria of assessments:

Your assignment must be type written

- Using Times New Roman font 12;
- One-inch margin on both sides of each page;
- Your assignment must not be more than 20 pages (excluding
references and appendix).
- Proper compilation and citations
- Student’s registered name, registration number, email address and
contact number, tutorial group must be put on the front cover of the
assignment.

• 1st page: Cover Page

• 2nd page: Marking rubrics.

1
• 3rd page onward: Assignment content, references and appendix.

Submission date: 12.00pm, 30th July 2020. The class representatives are
required to submit online to the respective tutors.

Late Submission Penalty Clause

Deadline for submission of assessment item(s) is to be strictly adhered to. No

extension of time will be allowed except in extenuating circumstances, e.g.
medical reasons. Students who wish to apply for extension of time for submission
of assessment item(s) after the due date shall put in writing the request together
with validated documentary evidence to support the application to his/her class
tutor. The lecturer may consider and grant such extension of due date for the
assessment item(s) based on the tutor's recommendation.

Any assessment item required for the Coursework Assessment which is

submitted after the due date, without an approved extension, will be penalized. A
penalty of 10% reduction of the maximum mark applicable to the assessment
item(s) will be levied for each day of late submission. Weekends and Public
Holidays are counted as one (1) day late. Assessment item(s) submitted more
than seven (7) days after the due date will be awarded with a zero (0) mark.  

Plagiarism
Plagiarism is defined as the submission or presentation of work, in any form,
which is not one's own, without acknowledgment of the sources. If a student
obtains information or ideas from an outside source, that source must be
acknowledged. Another rule to follow is that any direct quotation must be placed
in quotation marks and the source immediately cited.

Plagiarism is also defined as copy of all or part of the work of another student(s)
of current or previous batch of this University or another higher learning
institution.

The University's degree and other academic awards are given in recognition of
the candidate's personal achievement. Plagiarism is therefore considered as an
act of academic fraudulence and as an offence against University discipline.

Mode of Referencing
Students are advised to incorporate proper academic modes of referencing. The
normally acceptable mode of academic referencing is the APA referencing
system.

2
Assignments (20%)

Question 1

You are required to refer to the following article:

Financial Reporting and Auditing Implications of the COVID-19 Pandemic. By:
Levy, Howard B., CPA Journal, 07328435, May2020, Vol. 90, Issue 5

http://search.ebscohost.com.libezp2.utar.edu.my/login.aspx?
direct=true&db=bth&AN=143337807&site=eds-live&scope=site

Required:
Review the article above and comment on the implications of COVID-19
Pandemic on financial reporting.
(40 marks)

Question 2
Choose 2 companies within the same sector which are public listed in Malaysia
and Europe that has incorporated the latest IFRS/MFRS. Compare both
companies reporting on revenue recognition, leases (presentations, recognition
and disclosures) and accounting policies. Attachment of extract of financial
statements are required as part of the assignment. You may include graphical
and table illustration to make your write up interesting. You may include your
projection of how would these companies perform post COVID-19 pandemic.
(Your group may conduct a 3 year review) (Banking sector is excluded for this
assignment purpose.)
(40 marks)

Others

Originality, depth of research, readability

(10 marks)

References and attachments

(5 marks)

Language
(5 marks)

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 Cover Page

UNIVERSITI TUNKU ABDUL RAHMAN

Faculty of Accountancy and Management

Bachelor of Accounting (Hons)

Academic Year 2020/2021

Year 2 Semester 1

UKAF 2093 Financial Reporting

Lecturer / Tutor:

Group Assignment

Submitted by:

Tutorial group: …………………

Group Members:

Name ID No Contact No
1……………………….. ……………… ………………..
2……………………….. ……………… ………………..
3……………………….. ……………… ………………..
4……………………….. ……………… ………………..
5……………………….. ……………… ………………..

Date of submission: …………….

4
 Please circle the marks awarded:
No Marking Criteria All Most Only Major Minor Little Sub
Requirements requirements requirements requirements requirement
met fulfilled fulfilled fulfilled fulfilled Total
1 Content - Discussion on the
central issues of the topic
Discussion of the key points:
17-23 9-16 1-8
 Review of the article on 32-40 24-31
Adequate Some Little
The answer is Most of the
the financial reporting implications implications implications
excellent in implications was
implications of COVID-19 was was was
demonstrating demonstrated
demonstrated demonstrated demonstrated
the implications.
(40 marks)

2 Comparison on 2 public
listed companies within
the same industry 24-31 17-23 9-16 1-8
32-40
reporting on in terms of The answer has The answer The answer The answer
The answer is
revenue recognition, demonstrated has has has
excellent in
most of the demonstrated demonstrated demonstrated
leases( presentation, demonstrating
comparison of adequate some little
recognition and the comparison
the adoption of comparison of comparison of comparison of
disclosure) and of the adoption
accounting the adoption the adoption of the adoption
accounting policies of accounting
standards of accounting accounting of accounting
standards
(40 marks) standards standards standards

4 Originality, depth of research,

readability
(10 marks) 87 65 43 21

10 9
5 References and attachments
(5 marks) 4 3 2 0
5
6 Language
(5 marks) 4 3 2 0
5
Deduction due to late
submission or others

TOTAL /100

Lecturer/Tutor Acknowledgement:
(Name and Signature)