Assessment Information and Rubric
| Subject Code | ACC600 |
| Subject Name | Corporate Accounting |
| Assessment Number and Title | Assessment 3 – Microsoft Word based Assessment and practical exploration of consolidations |
| Assessment Type | Individual |
| Length / Duration | 1,500 words maximum, no ±10%, and excluding references |
| Weighting % | 20% |
| Total Marks | 100 |
| Submission | Online Submission |
| Due Date | Weeks 10, Midnight, Sunday at the end of the week. |
| Format | One Single Microsoft Word File |
Assessment Description and Instructions
Part A covers Consolidations concepts. Part B covers practical demonstration of annual report on corporate combinations. Through this assignment, students will gain practical skills in preparing consolidated financial statement & explore consolidated reporting by analysing financial statements of two selected ASX listed companies for Part A and B tasks respectively. For Part A the detail question will be provided on Moodle.
For Part B the questions are provided below but the allocated ASX listed company will be provided on Moodle.
Part A: Question on consolidation to be provided on Moodle.
Part B:
Students individually needed to download the allocated ASX listed company’s annual report and write a report covering the following requirements.
REQUIRED:
Write a 750-word report (Microsoft Word format, Arial font) covering the following topics:
a. Differences between Parent Entity and Consolidated Entity:
b. Intangible Assets, Provisions, Commitments, and Contingencies (related Note # of the selected company):
c. Non-Controlling Interest (NCI):
d. Dividends (related Note # of the selected company):
e. Investments in Subsidiaries and Associates (related Note # of the selected company):
Late Penalties
Late penalties apply at the rate of 10% of the assessment mark per day late, to a period up to five days after the due date of the assessment.
Study Support
This assessment will be discussed in workshops.
It is required that students come to workshops prepared with work they have completed so that they can ask relevant questions to assist in completing this assignment accurately and on time.
Go to the company website to download the full year annual report and start looking for the relevant information.
Academic Integrity? Link to Policy here or academic integrity module?
It is student’s responsibility to ensure that you demonstrate academic integrity. Take the time to find out more by visiting PIA’s Policies and Procedures site.
By submitting your assessments, you acknowledge that this is your own work – that you have undertaken the assessments yourself and without any assistance from any other person or any website or other resources which are not specifically permitted. Also, you have not shared any aspect of your assessments or answers with other students or provided assistance to them in any way.
Subject Code Assessment 3 Marking Rubric – Individual Assignment (30% of the total mark)
Marking Criteria | HD (High Distinction) 85-100% | D (Distinction) 75-84% | C (Credit) 65-74% | P (Pass) 50-64% | F (Fail) 0-49% |
| Part A: Consolidation Concepts (20%) | Demonstrates exceptional understanding and application of consolidation concepts, with comprehensive and accurate calculations and journal entries. | Shows strong understanding and application, with mostly accurate calculations and journal entries. | Provides an adequate understanding and application, though some calculations or journal entries may lack accuracy. | Demonstrates basic understanding and application, with several inaccuracies in calculations or journal entries. | Lacks understanding of consolidation concepts, with significant inaccuracies or missing calculations and journal entries. |
| Part A: Consolidated Financial Statements (20%) | Prepares fully accurate and detailed consolidated financial statements, with clear reconciliation and elimination adjustments. | Prepares accurate consolidated financial statements, though minor errors in reconciliation or elimination adjustments may exist. | Prepares mostly accurate consolidated financial statements, though there may be some errors or omissions. | Provides consolidated financial statements with noticeable errors and omissions in reconciliation or adjustments. | Fails to prepare accurate or complete consolidated financial statements, with major errors or omissions. |
Part B: Parent vs Consolidated Entity (15%) | Provides an insightful and thorough explanation of the differences between parent and consolidated entities, supported by precise examples from the Westpac report. | Explains the differences between parent and consolidated entities well, with relevant examples from the Westpac report. | Provides a basic explanation of differences, with examples from the Westpac report that may lack depth or clarity. | Provides a limited or unclear explanation, with examples that may not fully support the points being made. | Fails to explain the differences between parent and consolidated entities, with little to no relevant examples. |
Part B: Intangible Assets and NCI (15%) | Offers a detailed and accurate summary of accounting policies for intangible assets and NCI, supported by correct figures and tables. | Summarizes accounting policies for intangible assets and NCI well, with mostly correct figures and tables. | Provides a basic summary of accounting policies for intangible assets and NCI, though some inaccuracies may be present. | Gives a limited summary with noticeable errors in figures, tables, or understanding of the policies. | Fails to provide an accurate or clear summary of accounting policies for intangible assets and NCI. |
Part B: Dividends and Investments in Subsidiaries/Associates (15%) | Provides a precise and well-organized analysis of dividends and investments, with accurate data and comprehensive explanations. | Analyzes dividends and investments with good organization and accuracy, though minor details may be missed. | Provides a basic analysis, though may lack detail, organization, or contain minor errors. | Offers a limited analysis with several inaccuracies or missing key information. | Fails to provide a coherent or accurate analysis of dividends and investments in subsidiaries/associates. |
Structure and Clarity / Referencing (APA 7th Style) (15%) | Exceptionally well-structured and clearly written, with a logical flow, precise language, and no grammatical errors.
Flawless adherence to APA 7th referencing style, with all sources accurately cited and a comprehensive reference list. | Well-structured and clearly written, with minor issues in flow or language. Few grammatical errors.
Accurate use of APA 7th style with minor errors, all sources cited, and a complete reference list. | Adequately structured with some clarity in writing. Several grammatical errors may be present but do not impede understanding.
Adequate use of APA 7th style with several errors, but all sources are cited. Reference list is mostly complete. | Basic structure and clarity, with noticeable issues in flow or language and frequent grammatical errors.
Limited adherence to APA 7th style, with significant errors. Reference list is incomplete or improperly formatted. | Poorly structured and unclear writing, with significant issues in flow, language, or grammar that impede understanding.
Inadequate or missing references, with little to no adherence to APA 7th style. |
"Unlock your academic potential with Punjab Assignment Help – your trusted partner for expert, affordable, and timely assignment solutions!"
Get original papers written according to your instructions and save time for what matters most.
