A1 Assessment Guidelines

LO1 Analyse the context and purpose of financial reporting for high-performing organisations

• P1 Analyse the context and purpose of financial reporting for successful outcomes and high organisational
performance

• M1 Critically analyse the context and purpose of financial reporting in meeting different stakeholder needs
and expectations for the successful organisation.

• D1 Make justified recommendations for improving financial reporting and performance.

P1
• Context of financial reporting: Definition of financial reporting:
accounting concepts, accouting standards, corporate governance, type
of financial statements
• Purpose of financial reporting: 3 purposes, example to support

M1
• Address main types of stakeholders of a business
• Address information needs of different stakeholders
• Address how context and purpose of FR could help to satisfy the
stakeholder’s needs

D1
• Give a case study about an accounting scandal and analyse details on
the fraudulences
• OR Give an example where there is conflict of accounting concepts
• Make recommendations
LO2 Evaluate regulatory frameworks for financial reporting

• P2 Examine the purpose and significance of regulatory frameworks for organisational financial reporting.

• P3 Consider the benefits and disadvantages of IFRS over a national regulatory framework.

• M2 Critically evaluate the impact of regulatory frameworks on the organisation in its operating
environments to meet objectives and deliver on strategies.

• D2 Justify recommendations for ways in which the organisation and key stakeholders can successfully
respond to regulatory frameworks in complex operating environments.
P2
• Present regulatory frameworks of financial reporting: conceptual framework,
company acts, accounting standards….
• Examine the purposes and signigicance of regulatory frameworks for financial
reporting

P3 • Consider benefits and disadvantage of IFRS over a national regulatory framework

• Illustration by example of certain country

M2 • Consider the positive and negative impacts of regulatory framework on a certain

organisation to meet company’s objectives

D2 • Recognize the complexity and innovation in Vietnamese business environments

• Make suitable recommendations with evidence supporting for the opinions