Corporate Accounting 22754 assignment AASB 124 代写

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Corporate Accounting 22754 assignment AASB 124  代写

Corporate Accounting 22754
SPRING 2017
GroupAssignment
 
 
Assignment details
Theassignmentistobecompletedingroupsof5students. Allstudentsinagroupmust beenrolled in the sameclass.Students are allowed to choose their group members. Unallocated students will be allocated to a group by their lecturer.
 
Theassignmentistobepresentedasaprofessionalconsultingreport.Thereportmustfollowtheformatting requirementsoutlinedintheUTSGuidetoWritingAssignments.Thewritingguidecanbedownloadedfromhere:http://www.uts.edu.au/sites/default/files/business-writing-guide-2014.pdf
 
Youareonlytousepubliclyavailable informationinordertocomplete thisassignment. Forexample, the Internet,annualreports,newspaperandjournalarticles,databases,and books.Allsourcesofinformation mustbereferencedinthe reportusingtheHarvardreferencing method.Details onthismethodcanbefoundinthewriting guide.Further information  can   be   found   here:
http://www.uts.edu.au/current-students/business/study-and-assessment-resources/uts-harvard-referencing
 
Thereportistobeamaximum of15typed, double-spaced, A4pages.Thepagelimitincludestitle page,tableofcontents,executivesummary,conclusion,aswell asmain tablesand diagramsthat areincludedin thebodyofthereport.Thewordandpagelimitexcludesthereferencelist and appendices.
The title page includes a listing of group members, the class they are enrolled in and the lecturer’s name. The title page is attached with this document for you to use. Make sure that each group member signs and dates the cover page to verify that the assignment is their own original work.
 
 
Assignment submission
Theassignmentisto be submittedin class in the week starting 16October 2017.Lateassignmentswillincura deduction inmarksof10%perday.Assignments aretobesubmittedin hardcopy with the TurnItIn similarity index.
a.   TurnItIn:Theassignmentis to besubmittedto TurnItIn(plagiarismdetectionsoftware).Thisis accessibleon UTSOnlineundertheAssignmentstab. Failureto submittoTurnItIn will resultin azero grade.

Corporate Accounting 22754
 
Assignment Question
 
AASB 124 requires “disclosure of related party relationships, transactions and outstanding balances, including commitments, in the consolidated and separate financial statements of a parent or investors with joint control of, or significant influence over, an investee presented in accordance with AASB 10 Consolidated Financial Statements or AASB 127 Separate Financial Statements.”
Is it possible for companies to achieve their desired objectives through the use related party transactions?
 
Your discussion should cover all of the following:
Part 1: GENERAL (5 marks)

• In your own words, discuss the rationale for this accounting standard?
• According to AASB124, who are related parties?
• According to AASB 124, what are related party transactions? (five examples is sufficient)

 
Part 2: APPLICATION (use real companies) (15 marks)
Each group will be allocated 5 companies. Your assignment should cover the following points

1. For each company, identify the related parties and the related party transactions (a template is provided for you to also summarize your findings).
2. Critically evaluate each related party transaction and identify those you believe are not at market value. Discuss why you believe this to be the case and the incentives behind such transaction.
3. Are the disclosures consistent with the requirement of AASB 124?

 
 
Additional information:
·         Whiletheassignmentislargelypractical,assignmentsgaininghighermarkswillneedtorefertoacademic literaturetosupportarguments,inadditiontoInternetandpractitioner-basedliterature.Thesecanbelocatedthroughsearchengines(e.g.GoogleScholar) andtheUTSlibrarywebsite.
 
 
 
 
 
 
 

 

TEMPLATE

Assigned Company name	Related party category +	Type of related party transaction*	Related party amount (full dollar amount)

 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
⁺ Use AASB 124 paragraph 21 as a guide
* Use AASB 124 paragraph 19 as a guide
·         Add more rows as needed for your assignment.
·         You are not required tolist the remuneration of Key Management Personnel.
·         If you have done your search and cannot find the required information, report “undisclosed”.
 
 
 
 
 

Corporate Accounting 22754
 
 
TITLE PAGE
 
Group members:
 

LAST NAME	FIRST NAME	STUDENT NUMBER

 
 
DATE SUBMITTED: _________________
CLASS TIME: _____________________ LECTURER:_______________________
VERIFICATION OF ORIGINAL WORK:
I/We verify that this assignment is my/our own work and has not been submitted for academic credit in this unit or any other course. I/We declare that all sources have been duly and appropriately acknowledged.
 

Corporate Accounting 22754 assignment AASB 124  代写
Signature of Students:
 
______________________________________________ Date: ________________
______________________________________________ Date: ________________
______________________________________________ Date: ________________
______________________________________________ Date: ________________
______________________________________________ Date: ________________
 

 
22754 CORPORATE ACCOUNTING
 
Peer Group Evaluation Form
With all group projects, it is possible that group members might not have shared the workload equally for one reason or another. If you feel it would be unfair to assign the same grade to all members of your group, you may use this evaluation form to inform your lecturer of any such situation in your group.
 
Your Name___________________________________________________________
 
List the other members of your group (excluding yourself) below. In the ‘Points Allocated’ column, next to each group member, write the number of points out of a total of 100 that you feel represents the relative effort of that group member in comparison to other members (excluding yourself). For example, if there are four other members in your group and you feel that all contributed equally, you would assign 25 points to each of the four members. Your total points must equal 100.
 
Group members names (not including yourself)           Points Allocated
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
__________________________________________ ______________
Total points 100
Please return this form to your lecturer in a sealed envelope by the same date as thegroup assignment is due for submission.
 
 
YOUR RATINGS ARE COMPLETELY CONFIDENTIAL!

 
Corporate Accounting 22754
Grading criteria
 

CRITERIA	Possible Mark	Actual Mark
Organisation ·         Engagingintroductionprovidesanoverviewof topicandcontent. ·         Informationandcriticaldiscussiondevelopedin logicalsequence,withlinksbetweensections. ·         Conclusionprovidessummaryfindings	15%
Content ·         Definesthesituationtobediscussed. ·         Criticallyanalysesthecaseandproblems. ·         Criticallydiscussestheoutcomes ·         Conclusionincludesa criticaldiscussionof implicationsforthecorporategroup.	65%
Style ·         Presentationiscoherentandwellorganised. ·         ReferencingstyleisconsistentwiththeFaculty guidelines ·         Casestudylengthiswithin5%oftotal(15pagesdouble-spaced)	20%
TOTAL	100%

 
 
 
 
Comments:
 
 
 
 
 
 
 
 
 
 
 

Lecturer’ssignature                                                           

Date