MAC001A Financial Accounting & Reporting Trimester 2, 2021

Assessment 2: Group Report 25%

Group Report Submission Due date and Submission details.

As per the subject outline, in group report constitutes 25% per cent of the total assessment
in this subject. Due date is Week 9 Sunday 11/07/2021 at 11.55pm in week 9 folder in
moodle in Turnitin box. One of the group members need to submit Group Report.

Note: After week 9, Group report submission will not be accepted for marking.

Students are required to complete the assessment 2 in groups of five members.

Students are not allowed to select group member in their group. Group formation
would be uploaded in moddle in week 4 with student’s name, ID and GCA student
email address. Email will help the group to communicate each other. No personal
email will be allowed for communication with lecturer. GCA student email need to use
for communication.

2. Objective

MAC001A covers a range of important theory and practice of Fundamental of Financial

Accounting & Reporting. The main purpose of this assessment is to provide students with
the opportunity to consolidate and extend their understanding in connection with the
important issues in Financial Accounting and reporting in Australia.

3. Assessment criteria

In assessing group report consideration will be given to overall neatness, completeness and
quality of report, timeliness of submission and demonstrated application of appropriate
issues in financial accounting and reporting.

Clarity

Report is expected to be made in a clear, concise, and understandable manner. It is

required that an outline be made at the inception of the report to show introduction, body,
and conclusion of the report.

4. Group Report Topic:

Each group will be allocated a topic from section 2.5 of the subject outline (Topics are listed
below) and each group will be allocated a company from ASX 500 top listed. Group report
includes: (a) Overview of the selected company and (b) explanation of the selected topic
with relation to selected company.

Group Company selection and topic selection should be available in moodle in week 4.

Financial Accounting & Reporting Assessment 2 Group Report T2, 2021

Group report topics:

(a) Institutional arrangements for setting accounting standards in Australia.

(b) General purpose financial reports
(c) Reporting entity
(d) Qualitative characteristics of financial information
(e) Accounting for lease
(f) Accounting for employee benefits
(g) Accounting for corporate social responsibility
(h) Accounting for Ethics

5. Plagiarism

Taking another person’s ideas, words or inventions and presenting them as your own
without acknowledging your sources (citing or referencing), is plagiarism. Paraphrasing or
rewording another person’s work, without acknowledging its source, is also plagiarism. If
you are identified with plagiarism assessment mark will be zero. Similarity rate must
not exceed 20%.

6. Referencing

Correct referencing is important for two main reasons. The first is to enable the reader to
access source material you have relied upon, should they care to. The other is to ensure that
you have properly recognized the contribution of the work of others to your assignment. If
you do not do this properly, you are engaging in plagiarism—the theft, intentional or
otherwise, of the intellectual or creative work of others.

UBBS will not tolerate plagiarism. It is therefore important that you understand how to avoid
it. It is important that you adopt a consistent, and adequate, referencing system. Reference
should be used Herbert Style. Please read the referencing notes from Moodle.

Financial Accounting & Reporting Assessment 2 Group Report T2, 2021

7. Marking Criteria Format

Excellent Good Satisfactory Unsatisfactory

Topic Keeps a clear focus Clear focus but the Sometimes loses Often loses focus on
on the topic. topic is not focus on the topic. the topic. Too long
50% Suitable length appropriate, Suitable length or too short.
however it has Some group Some group
All group members suitable length and members members did not
participated equally all the group contributed more participate or
member participated than others understand the
presentation
Organisation Organization shows Information is well Information is Information is not
of considerable thought organized easy to somewhat well organized.
information and planning follow. organized.
20%
Quality of Written/visual Written/visual Written/visual Written/visual
content materials are materials are materials are materials are poorly
meticulously and meticulously and generally adequately prepared and may be
imaginatively imaginatively prepared but contain illegible in places.
prepared. Content is prepared. some typographic Writing does not
20% very informative, Most of the errors. Contains an flow well, and there
interesting & information is very acceptable amount are some errors in
accurate informative, with of information, most grammar and
correct spelling. detail was accurate punctuation.
and relevant, with
correct spelling.
Overall Excellent report Good report Satisfactory Unsatisfactory
report writing
10%
Total mark
100%

Financial Accounting & Reporting Assessment 2 Group Report T2, 2021