Internal Code: 1AHDEB
Code: HA3011
Advanced Financial Accounting Assessment Answer
Assignment Task: HA3011
Students are required to, follow the instructions by your lecturer to confirm any relevant information. You also need to follow any relevant announcement on Blackboard that confirms the date and time.
The individual assignment will assess students on the following Los; HA3011
1. On the understanding of the various theoretical models of accounting
2. On applying knowledge and understanding to specific financial reporting issues to AASB accounting standards
3. On discussing the theoretical constructs of contemporary financial accounting
4. On evaluating and explaining the need for the development of a conceptual framework for accounting, and discuss the influence of such a framework on accounting practice. HA3011
5. Understanding of the Australian accounting regulatory framework and the conceptual framework
6. On the understanding of how to account for assets, non-current assets and liabilities
7. Be able to calculate for revaluations and impairments of non-current assets, and then journalise, and
8. Account for leases for both lessees and lessors. HA3011
In the excel file “Find Your Company” you will find the listed company you have been allocated for this course.
This file will be made available on Friday of Week 4. Complete this assignment for the company you have been allocated. Please be careful to use the listed company you have been allocated. Your assignment will not be marked if you use a different company to the one you have been allocated, and you will be asked to resubmit your assignment using the right company. HA3011
Go to the website of your company in the list of companies in the file “ Find Your Company”. Then go to the Investor Relations section of the website. This section may be called, “Investors”, “Shareholder Information” or similar name.
In this section, go to your firm’s annual reports and save to your computer your firm’s latest annual report.
For example, these may be dated 30 June 2017 or 31 March 2018. Do not use your firm’s interim financial statements or their concise financial statements. You need to do the following tasks: HA3011
Please read the relevant footnotes of your firm’s financial statements carefully and include information from these footnotes in your answer. HA3011
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