IFA Assignment 中级财务会计 ACCG224 Report代写
S1 2017 ACCG224 Page 1
ACCG224: Intermediate Financial
Accounting
Session 1, 2017
Individual Assignment
Impairment in the Mining Industry
Part I - Research Based Report (15%)
Due: Monday 1 May, 5pm
Word limit: 1,200 words
Part II – Video Oral Presentation (5%)
Due: Monday 8 May, 5pm
Time limit: 4 minutes
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Part I – Research based report (15%)
As a new accounting graduate you have recently joined the accounting department of an ASX listed
company operating in the mining (extractive) industry. To complete this assignment you will need to
select a suitable company yourself that meets the following criteria:
The company must be a constituent of the S&P/ASX 300 index (www.asx300list.com);
The company must be in the ‘Materials’ sector – you can identify all companies in this
sector by sorting the list based on the third column of the table in the above website;
The company must publish audited annual financial reports in English, fully complying
with IFRS or AASB standards;
The company must have a 30 June year end; and
The company cannot be Evolution Mining Limited.
Your manager, the CFO, has sent you an email containing a Media Release (MR) from the Australian
Securities & Investment Commission (ASIC) in relation to Evolution Mining Limited (Evolution
Mining), a listed entity in the same industry as the company that you are employed by. A link to the
MR is provided below:
http://asic.gov.au/about-asic/media-centre/find-a-media-release/2016-releases/16-294mr-
evolution-mining-writes-down-pajingo-mine/
The Audit Committee is aware that as well as Evolution Mining, numerous other companies in the
same industry have also recently been investigated by ASIC in relation to asset valuations.
The Audit Committee is also aware that ASIC Commissioner, John Price, was quoted as saying the
following when announcing the focus areas for 30 June 2016 financial reports:
“Directors and auditors should continue to focus on values of assets and
accounting policy choices. We continue to see companies use unrealistic
assumptions in testing the value of assets…” (16-174MR)
To this end, the Audit Committee is keen to ensure that asset values are appropriately reflected in
the 30 June 2017 financial statements of your company.
You have been asked to undertake some research and prepare a report for presentation at the next
meeting of the Audit Committee, to be held on 1 June 2017. Your report must address each of the
following:
a) The role of ASIC as a Corporate Regulator, specifically in relation to their Financial Reporting
Surveillance Program. In your discussion provide a summary of ASIC’s findings from their review
of 31 December 2015 financial reports in relation to asset values and impairment testing.
(5 marks)
b) A critical analysis of some of the complexities and key issues involved in impairment testing for
mining assets. In your analysis, refer to one or more publications issued by the ‘Big 4’ in relation
to the mining industry. (15 marks)
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c) Provide a detailed explanation of the impairment write-down made by Evolution Mining in the
year ended 30 June 2016. Your explanation should include a discussion of the asset/s that were
impaired, the amount of the impairment write-down, and relevant disclosures in the 30 June
2016 financial report in relation to impairment testing.(10 marks)
d) In relation to the company that you are employed by, identify five specific issues that the Audit
Committee should consider when reviewing the impairment calculations that will shortly be
prepared by management. For each issue identified, explain how it is specifically relevant to your
company. Hint: You may wish to refer to table 3 of ASIC information sheet ‘INFO 203 Impairment
of non-financial assets: Materials for directors’ for a list of matters that would be relevant to the
Audit Committee. (10 marks)
Assessment of report
The research based report represents 15% of your total mark for ACCG224 and is compulsory. Your
assignment will be marked out of 60 as shown in the Report Marking Rubric on page 7 of this document and
will then be converted to a mark out of 15 percent.
Report submission instructions
Where to submit The written report must be submitted in electronic form using Turnitin (through
iLearn via the ‘Assessment Tasks’ folder). Detailed submission instructions are
provided on iLearn. Please ensure that you are familiar with these instructions and
submit before the deadline in case of technical issues.
A hardcopy submission is not required.
When to submit The deadline for submission is 5pm Monday 1 May.
No extensions will be granted. There will be a deduction of 10% of the total
available marks made from the total awarded mark for each 24 hour period or part
thereof that the submission is late (for example, 25 hours late in submission – 20%
penalty). This penalty does not apply for cases in which an application for
disruption of studies is made and approved.
How to submit The report can be submitted either in a PDF or word format.
The filename of your report must be as follows:
ACCG224_XXXXXXXX (where the crosses represent your eight digit SID)
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Report Format
Before you start writing your report, it is recommended that you undertake the following (both of these can
be accessed through the ‘Assessment Task’ folder on iLearn):
1. Watch the e-lecture on business report writing
2. Take a look at the sample Business Research Report provided on iLearn.
Structure The report must contain the following (in this order):
Report cover page
Table of contents
Executive summary
Introduction
Body
Conclusion/recommendation
Reference list
Appendix
You should include relevant parts of the annual reports that you have used and referred to
in your report. Do NOT attach entire annual reports.
Length Total word count limit = 1,200 words.
Your word count must be included on your cover page.
Included in word count Excluded from word count
Introduction
Body
Conclusion/recommendation
Report cover page
Table of contents
Executive summary
Reference list
Appendix
Penalties for exceeding the word limit are as follows:
Word count Penalty
1,201 – 1,319 words
1,320 – 1,439 words
1,440 or more words
No penalty
10% of total marks
20% of total marks
Style The report must be presented as follows:
Font: Times New Roman 12 point Spacing: 1.5 times line spacing
Margins: not less than 2.5 cm
Footer Each page must have a footer containing the following:
ACCG224 S1 2017 Your SID Page number
Referencing In text referencing is required for all sources used and a complete list of references must
be provided using the Harvard Referencing System.
A copy of the Harvard Referencing System is available under the ‘Assessment Task’ folder
on iLearn.
Please note that as this is a research assignment it is not appropriate to reference to
textbooks or lecture slides.
Plagiarism All assignments will be manually and electronically checked for plagiarism and it is
extremely important that you are familiar with the policy on Academic Honesty.
A link to the policy is available in the ‘Assessment Task’ folder on iLearn.
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Part II – Video Oral Presentation (5%)
The CFO was impressed by your report and has asked you to prepare a video presentation to be
played to the Audit Committee at the next meeting on 1 June 2017.
Your video presentation should:
a) Explain the importance of accurate asset valuations from ASIC’s perspective;
b) Highlight what you believe to be the key issues in impairment testing of mining assets;
c) Identify and explain the five key issues that you believe the Audit Committee must consider
when reviewing the 30 June 2017 impairment testing results.
Assessment of video
The research based report represents 5% of your total mark for ACCG224 and is compulsory. Your
assignment will be marked out of 40 as shown in the Presentation Marking Rubric on page 8 of this
document and will then be converted to a mark out of 5.
Video format
Before you start recording your video it is recommended that you view the two YouTube videos by Vlog
Brothers and Idea Channel. Both of these can be accessed through the ‘Assessment Task’ folder on iLearn.
Length Time limit = 4 minutes
Penalties for exceeding the time limit are as follows:
Time Penalty
Up to 4:29
4:30-5:29
5:30 or more
No penalty
10% of total marks
IFA Assignment 中级财务会计 ACCG224 Report代写
20% of total marks
Slides The use of slides (eg Powerpoint/Prezi) is not mandatory as you will not be marked on your
slides, but on your communication skills.
If you do wish to use slides please use a screen capture rather than a projected image.
Physical
presence
Students must actually appear in their video – you must be visible as well as able to be
heard.
Audibility It is your responsibility to ensure that we can hear your presentation clearly. If we can’t
hear it then we can’t mark it!
If you are recording using screen capture technology consider using speaker and
headphones.
Technology You can record your video using one of the following:
Your mobile device or tablet – it editing is required iMovie can be used.
Screen capture technology such as Windows 10 Screen Recorder, Cyberlink or others
These are suggestions only and you are free to use another method.
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Video submission instructions
Where to submit The video must be submitted in electronic form using the Oral Presentation
Submission Guide link (through iLearn via the ‘Assessment Tasks’ folder). Detailed
submission instructions are provided on iLearn. Please ensure that you are familiar
with these instructions and submit before the deadline in case of technical issues.
A hardcopy submission is not required.
When to submit The deadline for submission is 5pm Monday 8 May. Late submissions will be
penalised xxxxxxx.
How to submit All videos must be submitted in an mp4 or wmv format
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Part I – Research Based Report Marking Rubric
Student name ID Topic
Not attempted Fail Pass Credit Distinction High Distinction
Explanation of the role of
ASIC and summary of
findings from 31 December
2015 financial reports in
relation to asset values
and impairment testing
Not attempted or entirely
or significantly plagiarized
from other sources.
Writing is unclear.
Leaves out several
relevant aspects of the role
of ASIC or summary of
findings and/or contains
incorrect information
Writing is not very clear.
Describes the role of ASIC
and the majority of findings
and is mostly correct,
although significantly more
detail may be needed.
Writes clearly.
Correctly describes the
role of ASIC and the
majority on findings and
details are mostly correct,
although more detail may
be needed.
Writes clearly.
Correctly describes the
role of ASIC and nearly all
the findings with adequate
detail.
Writes clearly.
Correctly describes the
role of ASIC and all the
findings with plentiful
detail.
5 marks 0 marks 2 marks 3 marks 3 marks 4 marks 5 marks
Critical Analysis of
complexities of testing
mining assets for
impairment
Not attempted or entirely
or significantly plagiarized
from other sources.
Writing is unclear.
Does not identify key
complexities adequately
and/or includes incorrect
information and provides
no opinion on testing of
mining assets. Does not
refer to Big 4 publications
Writing is not very clear.
Identifies some
complexities but in
insufficient detail and/or
includes incorrect
information and provides
some opinion on testing of
mining assets Refers to
one Big 4 publication
Writes clearly.
Identifies most
complexities but misses
one or more points or
contains insufficient detail
and provides some good
opinions on testing of
mining assets. Refers to
one or more Big 4
publications
Writes clearly.
Identifies nearly all
complexities in sufficient
detail. Provides strong
opinions and
comprehensive critique on
testing of mining assets.
Refers to more than one
Big 4 publications
Writes clearly.
Identifies all complexities
in sufficient detail.
Provides strong and
sophisticated opinions and
comprehensive critique on
testing of mining assets.
Refers to multiple Big 4
publications
15 marks 0 marks 6 marks 8 marks 11 marks 12 marks 15 marks
Explanation of impairment
write-down made my
Evolution Mining
Not attempted or entirely
or significantly plagiarized
from other sources.
Writing is unclear.
Explanation incomplete or
faulty in one or more
aspects
Writing is not very clear.
Explanation including
assets written down,
amount, reason and
analysis of disclosures but
with omissions and/or
incorrect explanation
Writes clearly.
Mostly complete
explanation including
assets written down,
amount, reason and
analysis of disclosures
Writes clearly.
Explanation including
assets written down,
amount, reason and
analysis of disclosures
with minor omissions
Writes clearly.
Complete explanation
including assets written
down, amount, reason and
analysis of disclosures
10 marks 0 marks 4 marks 5 marks 7 marks 8 marks 10 marks
Identification of five issues
to be considered by the
Audit Committee for your
selected company
Not attempted or entirely
or significantly plagiarized
from other sources.
Writing is unclear.
Chosen company is not
suitable/Two or more
issues are not relevant or
not specific to chosen
company and does not
refer to INFO 203
Writing is not very clear.
Identified some relevant
issues. Two or more
issues are not relevant or
not specific to chosen
company OR does not
refer to INFO 203
Writes clearly.
Most issues identified are
relevant. One issue is not
relevant or not specific to
chosen company and
more detailed explanations
required
Writes clearly.
Most issues identified are
relevant. One issue is not
relevant or not specific to
chosen company OR more
detailed explanations
required
Writes clearly.
All issues identified are
relevant and all
explanations are complete
10 marks 0 marks 4 mark 5 marks 7 marks 8 marks 10 marks
Document formatting and
structure (including
length, organisation of
sections and paragraphs)
Not attempted or entirely
or significantly plagiarized
from other sources.
Fails to follow assignment
requirement.
Too short or too
long/Strongly affect reader
due to formatting errors
and confusing
organisation.
Occasionally meets the
assignment requirement.
Distract reader due to
formatting errors.
Organisation causes some
confusion.
Occasionally meets the
assignment requirement.
Occasionally include
formatting errors.
Organisation of sections
and paragraphs generally
clear.
Mostly meets the
assignment requirement.
Rarely include formatting
errors. Clear organisation
of sections and
paragraphs.
Meets all the assignment
requirments.
Use professional, correct
formatting. Clear
organisation of sections
and paragraphs with
excellent flow.
10 marks 0 marks 4 marks 5 marks 7 marks 8 marks 10 marks
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Written expression and
referencing
Not attempted or entirely
or significantly plagiarized
from other sources. Did
not use APA referencing
system correctly.
Too informal or errors in
grammar make meaning
unclear. Minimal
referencing. Did not use
APA referencing system
correctly.
Sometimes too informal or
errors in grammar make
meaning unclear in places.
Noticeable errors in
referencing. Frequently
used APA referencing
system correctly.
Generally appropriate
tone. Language is
generally clear but may be
repetitive or simple.
Frequently used APA
referencing system
correctly.
Appropriate tone.
Language is clear and
shows variety. Used APA
referencing consistently
and accurately with very
few minor errors.
Appropriate tone.
Language is clear, varied
and easy to read. Used
APA referencing
consistently and accurately
in all aspects.
10 marks 0 marks 4 marks 5 marks 7 marks 8 marks 10 marks
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Part II – Video Oral Presentation Marking Rubric
Student name ID Topic
Not attempted Fail Pass Credit Distinction High Distinction
Content:
Relevance, appropriate
detail, clear explanations
of issues
Not attempted or entirely
or significantly
plagiarized from other
sources
The majority of the
issues presented are not
relevant and/or clearly
explained in appropriate
detail. The issues
identified are not key to
the Audit Committee
Some of the issues
presented are relevant
and clearly explained
although more detail may
be needed. Not all the
issues identified are key
to the Audit Committee
Most of the issues
presented are relevant
and clearly explained
with appropriate detail.
Most of the issues
identified are key to the
Audit Committee
Nearly all of the issues
presented are relevant,
cover the key
dimensions and are
clearly explained with
appropriate detail. All of
the issues identified are
key to the Audit
Committee
All of the issues
presented are relevant,
cover all key dimensions
and are clearly explained
with appropriate detail.
All of the issues
identified are key to the
Audit Committee.
10 marks 0 marks 4 marks 5 marks 7 marks 9 marks 10 marks
Structure:
Appropriate
opening/introduction
(incl. purpose and
overview), clear
transitions from one
section to another,
smooth flow of ideas,
adequate conclusion
Not attempted or entirely
or significantly
plagiarized from other
sources
No or inappropriate
opening/introduction,
unclear transitions,
incongruous flow of
ideas and/or inadequate
conclusion.
Presentation featured the
majority of the required
components, however
transitions could have
been clearer/flow of
ideas smoother and/or
conclusion more
pronounced.
Presentation featured
most of the required
components, transitions
were quite clear, the flow
of ideas quite smooth
with an adequate
conclusion.
Presentation featured
nearly all of the required
components; transitions
were clear, the flow of
ideas smooth with an
adequate conclusion.
Presentation featured all
of the required
components; transitions
were clear and well
placed, the flow of ideas
excellent with a
remarkable conclusion.
10 marks 0 marks 4 marks 5 marks 7 marks 9 marks 10 marks
Maintaining interest
Awareness of audience,
effectiveness of
techniques, good timing
Not attempted or entirely
or significantly
plagiarized from other
sources.
Presentation frequently
inappropriate for target
audience. Techniques
haphazard or poorly
executed. Well
over/under time.
Presentation
occasionally
inappropriate for target
audience. Techniques
adequate but
occasionally sloppy.
Timing within acceptable
limits.
Presentation appropriate
for target audience.
Techniques adequate
and mostly interesting.
Insignificantly over/under
time.
Presentation
considerably stimulates
audience interest.
Techniques creative and
interesting. Good timing.
Presentation is very well
pitched to audience, or
modified in view of
audience reactions.
Innovative but
appropriate techniques
greatly stimulated
audience interest. Exact
timing.
10 marks 0 marks 4 marks 5 marks 7 marks 9 marks 10 marks
Verbal and non-verbal
delivery
including pronunciation,
volume, eye contact,
gesture, video quality
stance
Not attempted or entirely
or significantly
plagiarized from other
sources.
Delivery strongly detracts
from content; e.g.
pronunciation unclear,
speech inaudible, too
many filler words/ slang,
distracting gestures,
reading from notes with
no eye contact. Poor
video quality.
Delivery detracts from
content only in places;
e.g., pronunciation
mostly clear, speech
mainly audible; some
distracting filler words
and gestures, occasional
eye contact with
audience. Good Video
quality.
Delivery supports
content; audible,
pronunciation, minimal
distracting gestures,
regular eye contact with
audience. Good Video
quality.
Delivery effectively
supports content by
allowing audience to
focus on message.
Nervousness may be
evident but mostly under
control. Very good Video
quality.
Confident delivery does
not just convey the
message but significantly
enhances it; excellent
use of volume, pace, etc.
Nervousness may be
evident but under
control. Excellent Video
quality.
10 marks 0 marks 4 marks 5 marks 7 marks 9 marks 10 marks
