ASR Assignment 会计准则 Standards & Regulations 代写
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ASR Assignment 会计准则 Standards & Regulations 代写
Accounting Standards & Regulations – 22420 – Autumn 2017
1
ASR Assignment 1 (20%)
Background
During May 2014 the International Accounting Standards Board (IASB) and the Financial Accounting Standards
Board (FASB) issued IFRS 15 revenue from Contracts with customers which is applicable from 1 January 2018
(early adoption is permitted). Accordingly, in December 2014 the AASB issued AASB 15 which will replace AASB
111 and ASB 118 (and AASB 1004 which deals with non-for profits).
[To access AASB 15 please visit http://www.aasb.gov.au/admin/file/content105/c9/AASB15_12-
14_COMPoct15_01-18.pdf]
Required
You are a recent graduate working for a Big 4 accounting firm and your manager has asked you to prepare a
report which is to be presented to the auditing team for either Telstra, Qantas or Lend Lease. The report
should:
a) outline how companies are required to account for revenue under the new AASB 15;
b) explain why the IASB has issued AASB 15 in place of the existing revenue standards (118, and 111)
c) report the possible impacts that the new recognition criteria will have on your chosen company's
current operations and financial statements.
d) Evaluate the flexibility management has available in the accounting choices related to revenue
recognition under the new standard.
Format
Your assignment must be set out as a report with the three sections (a) (b) (c) (d) clearly shown. You must link
your discussion to relevant accountings standards, including references to specific paragraphs. You must carry
out independent research to complete this assignment and you must cite relevant academic (where relevant)
and practitioner articles that support the material and views you present. Use Harvard style referencing.
Your report must be typed using 12 point font, 1.5 line spacing and 2.5 cm margins on all sides, with a
maximum length of 1300 words (excluding references, executive summary and appendices). You do not need
an introduction or conclusion. State the word count at the beginning of the assignment. Refer to the UTS
Business School Guide to Writing Assignments (link below) on recommendations and suggestions on how to
structure your report. All material (excluding executive summary, references and appendices) over 1300 words
will be disregarded.
ASR Assignment 会计准则 Standards & Regulations 代写
https://www.uts.edu.au/sites/default/files/business-writing-guide-2014.pdf
A soft copy of your report is due to turnitin on Wednesday 12 th April 2017 and a hard copy is to be handed in
during your enrolled tutorial class. Assignments submitted (soft and hard copies) after the due date may
attract a penalty of 10% per day. Save your word document using your student number as the file name (don't
forget to include your name and student number in the header of your word document!).
Marking Guide
Parts (a), (b), (c) and (d) are each worth 10 marks. In addition, presentation and communication are worth 10
marks combined. This gives a total mark of 50 for the report, which will be converted into a mark out of 20.
Your report should address each of the parts equally. Attached is the marking scheme that will be used in
marking your report. This report is worth 20% of your total subject marks.
Accounting Standards & Regulations – 22420 – Autumn 2017
2
Attachment: Assignment part 2 marking matrix
The criteria and weighting of each criterion used to mark your assignment are listed below:
Well below
acceptable
Below
acceptable
Acceptable
Above
acceptable
Well above
acceptable
Presentation and Communication (10 marks)
Title Page
Title of assignment, subject name, student number and
name is given
Body/Discussion
Body is organised into main sections and sub-sections
Sections and sub-sections have appropriate headings
Report organisation suits requirements
Main issues relevant to the topic are explained
Other
Report is the correct length
Correct formatting (i.e. font/spacing)
Tables/graphs are used correctly (if appropriate)
Writing Style
Information flows logically; Report is easy to follow
Paragraphs are well constructed
Grammar
Sentence structure is grammatically correct
Tenses are used correctly and spelling is correct
Referencing
Statements made in-text are referenced
In-text reference format is correct
End-text references format is correct
Content (40 marks)
Part A (10 marks)
Main requirements of AASB 15 identified
and discussed.
Part B (10 marks)
Reason for new standard identified, discussed
and contrasted with existing requirements.
Part C (10 marks)
Implications of amendments to chosen company
identified and discussed with detail and references
to specific figures and items from annual report.
Part D (10 marks)
Flexibility management has in recognising revenue
under the new standard is clearly illustrated.
ASR Assignment 会计准则 Standards & Regulations 代写
