FNSFPL503 Financial Plan

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HI6025 Accounting Theory and Current Issues
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HI6025 Accounting Theory and Current Issues A
ssessment item 2 Group A ssignment Due date
11.00pm Friday Week 10 Weighting 20
Implications of International Accounting in
Australia after IFRS Period Group can choose a
peer-review journal/research paper where the
paper explains the implication of International
Accounting in Australian context or you can
download annual report before (Prior 31st Dec,
2005) or after IFRS period (from 31st Dec, 2005)
and focus major AASB changes/accounting policy,
estimate changes before and after International
accounting practices regime. Annual report must
be selected from pre-international accounting
period 2003-2005 (prior Dec 31, 2005) and
post-international accounting period (from Dec
2005 to 2007). Focus on the relevant AASB
(A-IFRS) covered in Hi- 6025. Example Paper
You will read the following paper for better
understanding. Though, different group will
choose different paper to explain the
international accounting Research Paper from
International Accounting The Effect of IFRS
Adoption on the FinancialReports of Local
Government Entities. You can find the paper from
the following link
http//ro.uow.edu.au/cgi/viewcontent.cgi?article1
370contextaabfj
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Instructions
1. Students are required to form groups of 3 - 6
and inform the lecturer of their group
memberships by Week 9, Friday 500 pm.
2. Each group will choose one journal article and
inform the lecturer of their choice.
3. Two link will be created one for video link
and another for document link. One member from
each group will submit one link for video (you
can develop video and create a YouTube link for
the lecturer) and another link for document
submission under group assignment folder.
4. Group will prepare a short duration slide and
every member will present their part and explain
their understanding (duration of the
Presentation 6-7 minutes). Marks Allocation
Your group will receive a composite marks based
on this following criteria
5. Video Presentation Making and articulation - 3
marks
6. Understanding, Explanation and clarity - 10
marks
7. Body Language, Eye Contact, pronunciation and
smart approach - 2 marks
8. Document submission (understanding and match
with the unit concept) - 5 marks Presentation
Format
1. Introduction of your groups presentation and
the title of the journal article for your group.
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2. Practical explanation of chosen topic (you do
not need to explain research design or
literature review, you will only explain the part
where you find an implication of international
accounting/ focus on the relevant AASB (A-IFRS)
covered in Hi-6025/IFRS reporting/cost-benefit
of international accounting)
3. Match your chosen concept with the conceptual
knowledge what you will learn from the unit
(e.g. how IFRS can impact on Australian financial
reporting system and economic/market benefit and
relevant changes of AASB (A-IFRS) covered in
Hi-6025).
4. Summary and practical contribution of your
chosen topic. Report format
1. Executive summary of the outcome of chosen
topic.
2. Focus major implications of international
accounting from their chosen paper or chosen
annual report.
3. Conceptualise and focus contribution how your
chosen topic align with international accounting
topic from your HI6025 unit.