ACC00712 : Taxation Law - Reflective Journal - Essay Writing Assignment Help

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Taxation Law Assignment Help

Task: 1 Reflective learning journal The reflective learning journal will be assessed based on the following criteria:
  1. You need to demonstrate critical engagement with the subject matter including (but not limited to):
  • Progressively build up a list of definitions, equations, formulas etc. that need to be memorised and be aware of which will be helpful when recording day-to-day business operations. You can provide explanations of accounting concepts in your own words.
  • You can prepare a summary of the knowledge and skills you are developing from topic totopic.Yoursummaryshoulddemonstrateadegreeofsynthesisandintegration rather than being just a list of points.
  1. You should demonstrate active engagement in learning experiences and activities undertaken, demonstrating the application of accounting principles to practice and/or reinforcement of technical skills.
  • Evidence of self- evaluation through progressive assessment tasks (suchaspracticequiz, weekly exercises or other exercises) completed, how you could have improved your results in quizzes, and in the weekly exercises, and how you plan to make best use of feedback provided for future practices.
  1. You can make meaningful reflections on the progressive learning experiences, showing how the results of your reflection on learning in earlier topics improved your learning in later topics. Self-evaluations can be a critical part of your learning journey. It is designed to give you the opportunity to reflect and comment on the way you approach assessments, such as quizzes and other tasks.
  2. You thoughts and comments should be integrated and should be expressed clearly and concisely.
Content: You should focus on one week’s learning materials introduced in weeks 2-6. Please note: don’t try to cover every topic. You can choose to reflect on one particular topic that you are interested, such as cash management. The topics covering in the reflective learning journal may include, but should not be limited to:
  • Double entry accounting, accounting equation, accounting cycle, adjusted trial balance, the use of special journals or subsidiary ledgers, sales and purchases transactions, perpetual and periodic inventory system, inventory costing methods, inventory valuation, internal control, cash management and budgeting, receivables and doubtful debts management.
A list of thought questions:
  • What am I learning in this week and why am I learning it?
  • How am I learning in this topic and how am I using what I am learning?
  • How can I overcome my learning weaknesses and build on my strengths in this topic?
  • What are my greatest challenges as a learner, and why?
  • How can I improve my learning process?
  • What different skills are needed for different components of my learning in this topic?
  • How can I use the feedback from my weekly tasks to improve my learning?
  • How are different parts of my learning connected?
  • How is my learning in this topic affected by my learning (or lack of learning) in earlier topics?
  • How well am I achieving my goals in this topic?
  • How are my attitudes and ideas changing through the learning process?
  • What are my strategies for achieving my goals and ambitions, and for overcoming my identified weaknesses in learning this unit?
Task: 2 Essay The objective of this essay is to provide an understanding of the implementation of AASB Conceptual Framework, AASB101 Presentation of Financial Statements and AASB102 Inventory in financial reporting and business practices in Australia. To complete this essay, you should find a 2017/2018 annual report of a listed company on the ASX. Reserve your chosen company on the discussion board. You cannot choose the company if it has been chosen by other students. ‘First come, first serve’ is the policy for selecting your company. You are required to answer the following four (4) questions:
  1. Explain and evaluate the measurement of inventory according to relevant accounting standard of the chosen company.
  2. Identifytheinventorysystemappliedinthechosencompany.Explaintheadvantageforthe company in choose their selected inventory system.
  3. Determine the costing method applied by the chosen company and explain there a son that the chosen company prefers this costing method.
  4. Estimate the impact of the different costing methods on the company’s financial statements
Assessment criteria: The quality of this essay will be assessed based on the following criteria:
  • Identify and evaluate the implementation of relevant accounting standards in the chosen company.
  • Use paragraphs from the Australian Conceptual Framework, AASB 101 Presentation of Financial Statements or AASB 112 Inventory as guidelines to support your discussion if itis necessary.
  • Demonstrate effective communication, logical presentation and integrated evaluation.
This ACC00712: Taxation Law Assignment has been solved by our Taxation Law experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+ Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.

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