Assessment 2 ACC6903 Financial Reporting Trimester 1, 2025 Assessment 2
Assessment Type: Individual
Weighting: 30% (Report 20% + Presentation 10%)
Learning Outcomes Assessed: ULO 2, 3 and 4
Word Limit: 2,000 words
Due Date: 31st May 2025 (Sunday) 11:59 pm (AEST)
All submissions must be submitted with a signed Oxford Institute of Higher Education Cover Sheet via Moodle. Late submissions will attract a penalty of 5% of the assessment weighting for each calendar day late unless the lecturer grants an extension.
Requirements Select any two listed Australian companies from any industry and analyse their financial statements on the accounting treatments for Provisions, Contingent Liabilities, and Contingent Assets. Your report should address the following requirements:
Provide a brief description of each company and identify the main industry in which each company operates. Key selection criteria for the selection of the company should be its contributions to sustainability in accounting. Explain how to identify and record provisions, contingent liabilities, and contingent assets according to the relevant accounting standards. Identify the provisions, contingent liabilities, and contingent assets included each company’s financial reports, and highlight similarities and differences between them. Demonstrate how your selected companies have adopted relevant accounting standards for provisions, contingent liabilities, and contingent assets with examples obtained from their respective annual reports. Briefly identify the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. Submission Contents Your report should consist of the following components:
Part 1: Written Report — Weighting: 20%
Introduction Main body – The main body should address the given assessment questions. Conclusion Reference List – All references cited in the main body must be included in the reference list. References from Wikipedia should not be used. Part 2: Presentation — Weighting: 10% Duration: 10–15 minutes Due Date: 1st June 2025 (Sunday) 11:59 pm (AEST)
Presentation Guidelines:
Prepare a PowerPoint slide presentation containing up to 10 slides (Slide 1 – student name and ID, Slide 2 – Table of Contents of the presentation, Slides 3 to 9 – your findings, Last slide – references). You should record the presentation in a video. Presentation slides (in PowerPoint format) and presentation video must be submitted online in Moodle. Marking Rubrics Criteria High Distinction (80–100%) Distinction (70–79%) Credit (60–69%) Pass (50–59%) Fail (0–49%) Introduction to the selected companies. / 2 A comprehensive introduction to the selected companies A very good introduction to the selected companies A good introduction to the selected companies Reasonable introduction to the selected companies No introduction to the selected companies Explain how to identify and record provisions, contingent liabilities, and contingent assets and demonstrate with examples obtained from their respective annual reports. / 6 A comprehensive explanation of how to identify and record provisions, contingent liabilities, and contingent assets and excellent demonstration with examples obtained from their respective annual reports. Very good explanation of how to identify and record provisions, contingent liabilities, and contingent assets and a very good demonstration with examples obtained from their respective annual reports. Good explanation of how to identify and record provisions, contingent liabilities, and contingent assets and a good demonstration with examples obtained from their respective annual reports. A reasonable explanation of how to identify and record provisions, contingent liabilities, and contingent assets and a reasonable demonstration with examples obtained from their respective annual reports. No explanation of how to identify and record provisions, contingent liabilities, and contingent assets and no demonstration with examples obtained from their respective annual reports. Identify the provisions, contingent liabilities, and contingent assets identified by each company, and highlight similarities and differences between them. / 6 Comprehensive Identification of provisions, contingent liabilities, and contingent assets identified by each company and a comprehensive comparison Very good Identification of provisions, contingent liabilities, and contingent assets identified by each company and a very good comparison Good Identification of provisions, contingent liabilities, and contingent assets identified by each company and a good comparison. Reasonable Identification of provisions, contingent liabilities, and contingent assets identified by each company and a reasonable comparison. No Identification of provisions, contingent liabilities, and contingent assets identified by each company and no comparison. Briefly identify the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. / 4 A comprehensive identification of the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. Very good identification of the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. Good identification of the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. A reasonable identification of the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. No identification of the importance and challenges that companies face with provisions, contingent liabilities, and contingent assets. Report structure and referencing. / 2 The structure of the report is complete, and all references are properly cited and provided in the reference list. The structure of the report is complete and almost all references are properly cited and provided in the reference list. The structure of the report is almost complete, and most references are properly cited and provided in the reference list. The structure of the report is acceptable, and most references are properly cited and provided in the reference list. The report is incomplete and/or poorly structured, and most references are not properly cited and provided in the reference list. Presentation / 10 Excellent delivery showed extensive practice and development. All speakers engaged with the audience. Displayed clear pronunciation, measured pace, varied intonation and appropriate use of pausing. Audio synched perfectly with visuals. Presentation enhanced by use of body language, including eye contact, gestures, movement and emphasis. No reading of notes. All Speakers demonstrated confidence in the material being presented. Signposting directed the presentation. Clear signaling, seamless transitions and timing within guidelines. Very good delivery showed practice and development. Most speakers demonstrated clear pronunciation, measured pace, varied intonation or appropriate use of pausing. Audio mostly synched with visuals. Effectiveness mostly enhanced by body language, including lack of eye contact, gestures, movement and emphasis. Most speakers demonstrated confidence in the material being presented. Very good signposting and transitions between speakers. Timing within guidelines. Good delivery showed practice and development. Most speakers demonstrated clear pronunciation, measured pace, varied intonation or appropriate use of pausing. Audio mostly synched with visuals. Effectiveness mostly enhanced by body language, including lack of eye contact, gestures, movement and emphasis. Most speakers demonstrated confidence in the material being presented. Good signposting and transitions between speakers. Timing within guidelines. Reasonable delivery showed some practice and development. Some speakers demonstrated clear pronunciation, measured pace, varied intonation or appropriate use of pausing. Audio sometimes synched with visuals. Effectiveness sometimes reduced by distracting body language, including lack of eye contact, gestures, movement and emphasis. Some speakers demonstrated lack of confidence in the material being presented. Reasonable signposting, transitions between speakers. Timing slightly outside guidelines. Poor delivery showed little practice and development. Most speakers did not demonstrate clear pronunciation, measured pace, varied intonation or appropriate use of pausing. Audio did not synch with visuals. Effectiveness often reduced by distracting body language, including lack of eye contact, gestures, movement and emphasis. All or most speakers demonstrated lack of confidence in the material being presented.