Assessment Information and Rubric
| Subject Code | ACC600 |
| Subject Name | Corporate Accounting |
| Assessment Number and Title | Assessment 2a – Group – Case study on selected accounting standard on ASX listed company |
| Assessment Type | Analyse selected accounting standards on listed company and research |
| Length / Duration | 2000 words |
| Weighting % | 20% |
| Total Marks | 100 |
| Submission | Moodle Assignment submission box |
| Due Date | Week 7 - Sunday 23:59 |
| Mode | Group submission |
| Format | Written report in MS word plus graphics (if any) |
Descriptions:
The purpose of this assessment is to provide students with an understanding of key accounting standards related with Impairment and taxation.
Part A:
AASB 136 is an accounting standard that outlines the rules for recognizing and measuring the impairment of assets. The standard applies to all types of assets, including tangible and intangible assets, as well as investments in subsidiaries, joint ventures, and associates. The key features of AASB 136 are impairment testing, measurement of impairment and reversal of impairment. Companies are required to disclose information about the impairment of assets, including the assumptions and estimates used in determining the recoverable amount, and the impact of impairment on the company's financial statements. Overall, AASB 136 ensures that companies report their assets at their true value, by recognizing and measuring the impairment of assets accurately.
Analyse the annual report of a selected ASX listed company from 2019 to 2023. How they are applying AASB 136 and meeting the compliance of accounting standard requirements. (1000 Words).
The allocation of company will be provided once the self-select grouping is done.
Part B:
“There is an impact of Deferred Taxes on Earnings Management” - conduct a small research study based on at least 10 recent (Year 2018 – 2024) peer-reviewed authentic articles to explore how deferred tax expenses are interrelated with earnings management."
Investigate the relationship between deferred tax expenses and earnings management. Identify trends, methodologies, and conclusions from recent studies.
Select at least 8 recent (published within the last 10 years) peer-reviewed articles.
Annotate the findings of each article, focusing on the impact of deferred taxes on earnings management. Highlight any common methodologies and theoretical frameworks used. Compare and contrast the findings of the selected articles.
Identify any patterns or discrepancies in the relationship between deferred tax expenses and earnings management. Discuss potential reasons for these patterns or discrepancies.
Write convincing arguments on the overall findings of your research. Provide insights into how deferred tax expenses influence earnings management. Suggest areas for further research based on gaps or limitations identified in the reviewed articles.
References: Include in-text and a complete list of the 10+ peer-reviewed articles cited in your research. (APA 7th Referencing Style should be used)
(1000 Words)
Not least you can collect articles on Deferred tax and earnings management from Google Scholar: Link: https://scholar.google.com.au/scholar?hl=en&as_sdt=0%2C5&q=deferred+tax+and+earnings+management&oq=deferred+tax+and
Please note you are required to present in group which is a part of Assessment 2b.
Feedback
Marks and feedback with comments will be provided to students.
Marking Rubric
| Criteria to be Assessed | FL (0-49%) | PS (50-64%) | CR (65 – 74%) | DI (75 – 84%) | HD (>85%) |
| Understanding of AASB 136 (20%) | Lacks understanding of AASB 136, with little to no relevant analysis or inaccurate information. | Demonstrates a basic understanding of AASB 136, with some analysis but limited depth or accuracy. | Provides a good understanding of AASB 136, with adequate analysis and examples from TPG Telecom's reports. | Shows strong understanding with detailed analysis of AASB 136, including a clear explanation of the standard’s application. | Demonstrates an exceptional understanding of AASB 136, with in-depth analysis and critical evaluation of the standard’s application in TPG Telecom's reports. |
| Application of AASB 136 to the selected company Reports (20%) | Fails to adequately address the application of AASB 136 in the selected company, with little to no relevant examples. | Provides a basic analysis in the selected companies application of AASB 136, with minimal evidence or critical insight. | Adequately analyses in the selected companies’ application of AASB 136, though may lack depth or critical evaluation. | Provides a detailed analysis in the selected companies’ application of AASB 136 with relevant examples and some critical insights. | Thoroughly analyzes in the selected companies’ of AASB 136 across multiple years with insightful observations and evidence. |
| Research and Analysis on Deferred Taxes (20%) | Poor analysis with fewer than 4 peer-reviewed articles, lacking understanding, depth, or relevant engagement. | Limited analysis with 4-6 peer-reviewed articles, showing a basic understanding but lacking depth or breadth. | Adequate analysis with 6-8 peer-reviewed articles, showing basic understanding and some critical engagement. | Strong analysis with 8-10 peer-reviewed articles, demonstrating a good understanding and integration of research. | Conducts an outstanding and comprehensive analysis using at least 10 high-quality peer-reviewed articles, showcasing deep understanding and critical thinking. |
| Critical Evaluation and Synthesis (20%) | Lacks critical evaluation or synthesis, with unclear, unsupported, or irrelevant conclusions. | Demonstrates limited critical thinking, with basic conclusions that may be poorly supported or underdeveloped. | Provides adequate critical evaluation and synthesis, with some attempt at drawing conclusions but may lack depth. | Shows strong critical thinking with well-supported conclusions, though may lack some originality or depth in synthesis. | Demonstrates exceptional critical thinking and synthesis of research, providing unique insights and clear, well-argued conclusions. |
| Structure and Clarity (10%) | Poorly organized and unclear writing, with significant issues in flow, language, or grammar that impede understanding. | Basic organization with some clarity in writing, though issues in flow or language are noticeable. Frequent grammatical errors. | Adequately organized with some clarity in writing. Several grammatical errors may be present but do not impede understanding. | Well-organized and clearly written, with minor issues in flow or language. Few grammatical errors. | Exceptionally well-organized and clearly written, with a logical flow, precise language, and no grammatical errors. |
| Referencing (APA 7th Style) (10%) | Flawless adherence to APA 7th referencing style, with all sources accurately cited and a comprehensive reference list. | Accurate use of APA 7th style with minor errors, all sources cited, and a complete reference list. | Adequate use of APA 7th style with several errors, but all sources are cited. Reference list is mostly complete. | Limited adherence to APA 7th style, with significant errors. Reference list is incomplete or improperly formatted. | Inadequate or missing references, with little to no adherence to APA 7th style. |
== End of Assessment brief===
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