ACCT7102: FINANCIAL ACCOUNTING Individual Case Study Assignment: ‘Paradis Sur Terre (Prister) Ltd’
Due Date: By 13:00, Wednesday 29 September 2021
Weighting: 25% of final grade
Maximum Length: 1200 words
Individual or Group Task: Individual
Task Description:
This financial reporting case study is designed to examine the specific application of case scenarios involving principally Topic 6 (Intangible Assets) and Topic 7 (Financial statement management). The case will be used to examine your report writing skills, general accounting knowledge, and ability to critically evaluate complex case scenarios.
NOTE: This case is to be undertaken individually, which means you are required to independently prepare your assignment.
Case Study Assignment Questions
QUESTION ONE (8 marks)
Discuss in details, with reference to relevant accounting standards, how Prister should account for the different costs incurred in the project Gagner.
QUESTION TWO (4 marks)
Discuss in details the proposal by the CFO to change the classification of the cryonics licence. Are there any benefits or disadvantages in adopting this new classification for the company? Your answer needs to refer to the relevant accounting standards.
QUESTION THREE (9 marks)
Compute the non-GAAP core incomes from continuing operations for the financial year ended 2020 (show all steps and explanations). With reference to the facts of the case, as well as at least 2 high quality academic articles*, why do you think the management decide to issue non-GAAP disclosures for 2020?
PROFESSIONAL AND EFFECTIVE WRITING SKILLS (4 marks)
Marks will be allocated for effectiveness of the written communication, clarity of expression, and referencing.
ADDITIONAL GUIDANCE
1. Criteria & Marking.
A full marking criteria sheet is available from TurnItIn and will be discussed in class. In general, the case will assess your:
• accuracy of answer and interpretation of relevant accounting standards;
• presentation of a thoughtful and well supported answer;
• clarity of analysis; and
• professional presentation (which will take into account grammar, appropriate use of technical language, spelling and punctuation).
Your submission will also be judged on its suitability for presentation to a fee-paying client.
2. Plagiarism.
All cases will be reviewed for plagiarism and independent content. At the University of Queensland, plagiarism is defined as follows:
Plagiarism is the act of misrepresenting as one's own original work the ideas, interpretations, words or creative works of another. These include published and unpublished documents, designs, music, sounds, images, photographs, computer codes and ideas gained through working in a group. These ideas, interpretations, words or works may be found in print and/or electronic media.
ACCT7102 Individual Case Study Assignment, Sem 2, 2021
You are encouraged to read the UQ Student Integrity and Misconduct policy (http://ppl.app.uq.edu.au/content/3.60.04-student-integrity-and-misconduct) which makes a comprehensive statement about the University's approach to plagiarism, including the approved use of plagiarism detection software, the consequences of plagiarism and the principles associated with preventing plagiarism.
3. Late Submission.
An assignment (for which no extension has been granted) submitted after the due date and time, will incur a late submission penalty. The penalty is at the rate of 5% (0.4 of a grade) of the total available marks for that particular piece of assessment, for each calendar day or part thereof that the item is overdue. Late assignments may be submitted through TurnItIn since all assignments automatically have a time/date stamp of when they are submitted. However, please contact the course coordinator if you are submitting a late assignment.
4. Length.
The maximum word limit is strictly 1200 words (excluding a reference list and any figures and tables). Any material exceeding the word limit will not be read and the mark for the assignment will be based on the material up to the point where the word limit was exceeded. The total number of pages, including Appendices, should not exceed 10 pages.
5. Referencing Style.
You are required to use the Harvard referencing style for in-text citations and your reference list. Details of the Harvard referencing style are available from the Library guide at: https://web.library.uq.edu.au/research-tools-techniques/referencing/referencing-style- guides#harvard. It is critical that the referencing style is consistently applied.
6. Format of Assignment
The assignment is to be prepared as a pdf document using 12 point font with 1.15 line spacing, and 2.54cm margins (left, right, top and bottom). The questions may be included as headings and will not be included in the word count. Please include your full name and student number as part of the file name, e.g., ‘347185_Peter Do’.
7. Submission
The assignment is to be submitted through TurnItIn, which is available in a separate case study
assignment submission folder on the course’s blackboard website. If you experience problems uploading your assignment before the due date please contact AskIT for help, and continue to try to upload the assignment until you are successful. A link to the AskIT instructions on TurnItIn is as follows: <https://www.library.uq.edu.au/ask-it/turnitin- assignments>. Note that assignment submission is a three-step process and it is your responsibility to check the assignment preview and confirm that the assignment has been successfully submitted. You will need to keep a copy of the Submission ID as proof you have submitted the assignment. You can submit as many times as you want, and only the latest submission will be marked.