ACC303 Application Of Theories And Models In Accounting To Current Topical Issue Assessment Answer

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Question :



Subject Learning Outcomes

This is a Level 3 subject.

Listed below, are key knowledge and skills students are expected to attain by successfully completing this subject:

Subject Learning Outcomes
a) Critically evaluate financial accounting reporting issues and their impact on stakeholders
b)Examine various theoretical and philosophical approaches to accounting
c) Analyse current accounting issues including ethical requirements

d) Evaluate implications of contemporary accounting issues.

Assessment Detail

Assessment 2

Assessment Type: Group report and presentation – combined group and individual assessment task.

Please note: This is a group assessment and presentations are delivered by the group but individual presentation efforts are be marked. As learning outcome d. stipulates teamwork, this assessment must be done in groups of 3-5 students as advised by your tutor. Students are not permitted to refuse being part of a group.

Purpose: This assessment is designed to allow students to research and analyse current social issues in accounting and evaluate their impact on various stakeholders. As a group assessment, it further develops students’ team working skills. This assessment relates to learning outcomes a, b, c and d.

Topic: Identify and apply theories and models in accounting to a current topical issue related to a corporation of your choice from a list of corporations provided (note approval must be sought from your lecturers and tutors). You are required to demonstrate your understanding of your chosen accounting theories to matter current to the approved corporation by reference to published material from the corporation and other related sources.

Task Details: Choose a firm from a list of corporations provided by your lecturer / tutor, then find a news piece related to your chosen firm’s issues. Pick one of the following issues: Corporate Social Responsibility (CSR) or Capital Market Reactions (CMR). Identify and rationalise with appropriate accounting theories, the motive, effectiveness and impact of the firm’s CSR/CMR disclosures in addressing these issues. Based on the case findings, groups must make recommendations on CSR/CMR reporting at the corporation level as well as at regulatory level. Emphasis must be given to effectiveness of CSR/CMR disclosures.

Group Presentation: Groups are to present their analysis and findings/ conclusions in a professional 5 (five)-minute video presentation. Presentations should be a critical analysis covering the main theory elements of the course – not just presenting a factual story – reference to corporate reports and other material is encouraged. Information can be covered in any order in the presentation, but should contain elements of the course. It is strongly recommended that groups prepare their presentations well in advance of the presentation date, and make some effort to review their video presentation. This will improve the presentation overall, and give groups a chance to improve and time manage their presentations. Videos may be prepared using any available platform such as iMovie, MovieMaker, Prezi and others. Students are reminded that extensive use of third-party video materials in their video presentations may increase the risk of plagiarism.

Research Requirements: Students need to support their analysis with references from the text and a minimum of ten (10) suitable, reliable, current and academically acceptable sources – check with your tutor if unsure of the validity of sources. Groups seeking Credit or above grades should support their analysis with increased number of reference sources comparable to the grade they are seeking.

Weekly Progress Report: Your lecturer / tutor will assign each student and group specific weekly targets. All students must demonstrate to their lecturer / tutor each week (weeks 7 to 9) that their tasks are on schedule. The purpose is to ensure students do not leave the task till the last minute.

Submission requirements:

Group Report: 1500 + 10% word report format – Word .doc or .docx. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in- text referencing and reference list (Harvard – Anglia style), attachments if relevant. Single spaced, font Times New Roman 12pt.

Video Presentation: Using the subject material with reference to the group report content, groups are to present their analysis and findings/conclusions in a professional five (5) minute video presentation. All group members are required to be involved in the preparation and presentation of the video. Group members will be required to provide a written statement with supporting materials such as a group contract, minutes of meetings or other documents to support individual grading with respect to their individual contribution to the group work. Self-review and peer review will be conducted after the

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