Accounting theory

2019S3 TACC406 Group assignment information Value: 30% of overall assessment (20% for the written work and 10% for the presentation) Due date: Tuesday 4 Feb 2020 (Week 8) Word limit: 2500 words (excluding references) Assignment Requirements:

• Group: Students are to form groups of 4, each student’s name must be recorded on the coversheet otherwise that student will receive zero for the assignment.

• Submission: Students must submit the group assignment online by 11:59 pm (AEDT) on Tuesday 4 Feb 2020. Late penalty will be at 10% per day. Only the group leader should submit online.

• Structure:

Use essay structure which contains introduction, body, conclusion and reference list.

• Formatting and referencing: The assignment must be word-processed, 1.5 line spacing, and the word size should be 12 with ‘Times new roman’ font type. Harvard style reference preferred.

• Presentation:

The group presentation will be held during class time in week 8 (Monday 3 Feb 2020 for Stream 1 and Tuesday 4 Feb 2020 for Stream 2). Students will present as a group, and marks for the presentation will be awarded individually. Duration for presentation is 5 minutes for each student. All group members must attend and present, otherwise you will lose the 10% of presentation mark.

Question: IASB has issued International Financial Reporting Standards (IFRS) that are being adopted by nations all over the world. Please read the IASB chairman’s speech at an event hosted by the Accounting Standards Board of Japan about adoption of IFRS Standards around the world on 29 August 2018 in Tokyo. You can access the full speech by using the following link:

https://www.ifrs.org/news-and-events/2018/08/chairmans-speech-japan-and-ifrs-standards/ Critically discuss any issues raised in relation to IFRS adoption around the world. The objective of the assignment is to develop your critical thinking, technical research and written communication skills. You need to investigate and analyse accounting literature and recent developments on IFRS adoption. You are required to use extensive references to support your discussion.

Please refer to the marking rubric for marking criteria.

TACC406 Group Assignment Marking Rubric (20 marks)

Topic relevance

/5

0 1 2 3 4 5 Not attempted Topic totally

irrelevant and inappropriate

Topic lacks clear relevance, could be more direct

and to the point

Topic relevance appropriate but

sometimes strays from the major

theme

Topic appropriate and relevant

Topic appropriate and

relevant with particularly

relevant insights

Depth of Research

/5

0 1 2 3 4 5 Not attempted No evident

research into the topic

Some research evident but few

citations

Research is evident but

limited. Citations appropriate to

context

Research is evident and goes beyond expectation with

citations appropriate to

context

Research is extensive with

particularly insightful citations

Critical thinking, analysis & synthesis

/5

0 1 2 3 4 5 Not attempted Very little or no

evidence of understanding of

the topic

Some understanding of the topic evident

but with little evidence of

critical thinking and analysis

Understanding of the topic evident –

some critical thinking, analysis and synthesis of

available literature

Good understanding of

the topic with evidence of critical thinking with deep

analysis and synthesis of information

Very high understanding of

the topic with insightful evaluative

comments and conclusions

Writing skills (including structure, grammar, spelling, referencing style, etc.)

/5

0 1 2 3 4 5 Not attempted Very poor

structure, No clear

introduction and conclusion provided, Very poor

grammatical expression and spelling errors,

None or few references and

citations

Poor structure, Brief introduction

and conclusion provided but not particularly clear,

Low levels of writing ability

evident, simple expression with

many spelling and grammatical

errors, Some references

but lacking in proper use of a

referencing style

Clear structure, Introduction and

conclusion provided but could

be more concise and clear,

Average levels of writing ability with some spelling and

grammatical errors,

Appropriate references with

some inaccuracies in the use of a

referencing style

Good structure, Clear introduction

and conclusion provided,

High level of writing ability –

clear concise expression with

few grammatical or spelling

inaccuracies, Appropriate

references with few inaccuracies in

the use of a referencing style

Excellent structure,

Clear, concise and well

expressed introduction and

conclusion provided,

Very high level of writing ability

with no grammatical or spelling errors,

References accurate without any inaccuracies