| ACC7520 Strategic Business Reporting Assessment Number: Report (50%) Assessment Title: Corporate Disclosure and Financial Reporting Assessment Length: 4,000 words maximum Submission Deadline: 29 March 2023, 23.59 |
| Learning Outcomes |
| LO1: Apply fundamental ethical and professional principles to ethical dilemmas and discuss the consequences of unethical behaviour. |
| LO2: Evaluate the appropriateness of the financial reporting framework and critically discuss changes in accounting regulation. |
| LO5: Interpret financial statements for different stakeholders. |
Assignment Brief:
The existence and efficiency of capital market can be seriously threatened by financial reporting fraud and misconduct. These frauds and misconduct can lead to poor business decisions and negatively impact the confidence of market participants in companies. Manipulation of financial statements which is considered as one of the possibilities of financial reporting fraud and misconduct, can be conceived in different ways under different legal frameworks. As a result, it is essential to critically review the literature on financial reporting fraud and misconduct to provide a comprehensive knowledge of how financial fraud arises and their impact on the capital market. Building on these insights, it is important to assess whether the current financial reporting framework and changes in accounting regulations can help reduce fraud and misconduct in financial reporting.
You are required to write a report that includes the followings:
- The role of the financial reporting in capital market
- A critical review of the literature on financial reporting fraud and misconduct to provide a comprehensive knowledge of how financial fraud arises and their impact on the capital market.
- A critical evaluation of whether the current financial reporting framework and changes in accounting regulations can help reduce fraud and misconduct in financial reporting.
Secondary Research Level HE7 – It is expected that the Reference List will contain between fifteen to twenty sources. As a MINIMUM the Reference List should include four refereed academic journals and five academic books.
Specific Assessment Criteria
Distinction (70% and above):
Students will provide an in-depth evaluation of relevant financial ratios and will effectively compare financial position and performance. Extensive research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be excellent.
Merit (60-69%):
Students will provide an effective evaluation of relevant financial ratios and will appropriately compare financial position and performance. Research demonstrating use of a wide range of current secondary research sources will be evident. Academic style and referencing will be good.
Pass (50-59%):
Students will provide a satisfactory evaluation of relevant financial ratios and will sufficiently compare financial position and performance. Research demonstrating use of a range of current secondary research sources will be evident. Academic style and referencing will be fair, with the report being produced to a satisfactory standard.
Fail (49% and below): Students who do not meet the requirements of a third-class grade will not successfully complete the assessment activity.
ASSIGNMENT MARKING GUIDE
Marks are awarded for structure and referencing of the presentation/report as well as for the extent of the literature review, depth of analysis/evaluation and formation of a conclusion.
| Answer is expected to include: | % |
| The role of the financial reporting in capital market. | 20 |
| A critical review of the literature on financial reporting fraud and misconduct to provide a comprehensive knowledge of how financial fraud arises and their impact on the capital market. | 30 |
| A critical evaluation of whether the current financial reporting framework and changes in accounting regulations can help reduce fraud and misconduct in financial reporting. | 25 |
| Formation of a logical conclusion | 15 |
| Structure/ Referencing/ Bibliography | 10 |
Submission Instructions:
Section 12 of the Module Guide provides guidelines for the preparation and submission of assignments. It is essential that you refer to this when completing the assignment.
You are required to submit an electronic copy of your written assignment for this module.
Advice:
• Do not cut and paste phrases or paragraphs from published sources. You should seek to use your own words to explain concepts and theory.
• If you wish to refer to specific quotes from published sources then you must use full Harvard presentation. See BISSTO for clear guidance.
• Do not share work with other students.
General Assessment Guidelines Level HE7
| % | Relevance | Knowledge | Argument/Analysis | Structure | Presentation | Written English | Research/Referencing | ||
| DISTINCTION | Exceptional Quality | 85-100% | Directly relevant to title/brief. Expertly addresses the assumptions of the title and/or the requirements of the brief. | Demonstrates an exceptional knowledge of theory and practice for this level. Insightfully interprets appropriate concepts and theoretical models. Demonstrates originality in conceptual understanding. | Presents an exceptional critique of key research material resulting in clear, original and illuminating conclusions. Demonstrates distinctive, insightful and creative solutions to complex problems. Produces exceptional work that makes a contribution to the development of knowledge and understanding in the subject area. | Coherently articulated and logically structured. An appropriate format is used. | Exceptional presentational style & layout, appropriate to the type of assignment. Effective inclusion of figures, tables, plates (FTP). | Exceptionally well written answer with standard spelling and grammar. Style is clear, resourceful and academic. | Sources accurately cited in the text. An extensive range of contemporary and relevant references cited in the reference list in the correct style. |
| Excellent Quality | 70-84% | Directly relevant to title/brief. Expertly addresses the assumptions of the title and/or the requirements of the brief. | Demonstrates an excellent knowledge of theory and practice for this level. Expertly interprets appropriate concepts and theoretical models. Demonstrates originality in conceptual understanding. | Presents an excellent critique of key research material resulting in clear, original and illuminating conclusions. Demonstrates insightful and creative thinking solutions to complex problems. Produces excellent work that makes a contribution to the development of knowledge and understanding in the subject area. | Coherently articulated and logically structured. An appropriate format is used. | Excellent presentational style & layout, appropriate to the type of assignment. Effective inclusion of figures, tables, plates (FTP). | Excellently written answer with standard spelling and grammar. Style is clear, resourceful and academic. | Sources accurately cited in the text. A wide range of contemporary and relevant references cited in the reference list in the correct style. | |
| MERIT | Good Quality | 60-69% | Directly relevant to title/brief. Addresses the assumptions of the title and/or the requirements of the brief well. | Demonstrates a sound knowledge of theory and practice for this level. Comprehensively interprets appropriate concepts and theoretical models. Demonstrates originality in conceptual understanding | Presents a cohesive critique of key research material resulting in clear and original conclusions. Demonstrates creative solutions to complex problems. Produces superior work that makes a contribution to the development of knowledge and understanding in the subject area | For the most part coherently articulated and logically constructed. An appropriate format is used. | Very good presentational style & layout, appropriate to the type of assignment. Effective inclusion of FTP. | Well written with standard spelling and grammar. Style is clear and academic. | Sources accurately cited in the text. A range of contemporary and relevant references cited in the reference list in the correct style. |
| PASS | Satisfactory Quality | 50-59% | Generally addresses the assumptions of the title and/or the requirements of the brief. Minor irrelevance in places. | Demonstrates an adequate knowledge of theory and practice for this level. Some minor omissions. Satisfactorily interprets some appropriate concepts and theoretical models. Demonstrates some originality in conceptual understanding. | Presents some critique of key research material resulting in original conclusions. Loss of focus in places. Demonstrates some creativity in solving complex problems. Produces satisfactory work that makes some contribution to the development of knowledge and understanding in the subject area. | Adequate attempt at articulation and logical structure. An acceptable format is used. | The presentational style & layout is largely correct for the type of assignment. Inclusion of FTP but lacks selectivity. | Competently written with minor lapses in spelling and grammar. Style is legible and mainly academic. | Key contemporary and relevant academic sources are drawn upon. Most sources are accurately cited in the text and reference list/bibliography. Minor weaknesses evident. |
| FAIL | Borderline Fail | 45-49% | Some implications of issues explored. Some irrelevant and/or superficial arguments. | Some omissions evident in knowledge of theory and practice at this level. Insufficient understanding of appropriate concepts and theoretical models. Demonstrates some conceptual understanding in places. | A limited amount of critique of key research material with description in places. Lacks creativity. Some original conclusions. | Limited attempt at articulation and problems with structure. Some formatting errors. | Some weaknesses in the presentational style & layout. Some inappropriate use of FTP. | Intermittent lapses in grammar and spelling. Style hinders clarity in places and is not academic throughout. | Limited number of contemporary and relevant sources cited. Weaknesses in referencing technique. |
| Fail | 30-44% | Significant degree of irrelevance to the title and/or brief. Issues are addressed at a superficial level and in unchallenging terms. | Demonstrates weaknesses in knowledge of theory and practice for this level. Limited understanding and application of concepts. | A basic argument is presented, but too descriptive or narrative in style. Limited originality and creativity. Conclusions are not clearly stated. | Poorly structured. Lack of articulation. Format deficient. | For the type of assignment the presentational style &/or layout is lacking. FTP ignored in text or not used where clearly needed. | Deficiencies in spelling and grammar make reading difficult in places. Simplistic or repetitious style impairs clarity. | Inappropriate sources and poor referencing technique. | |
| <30% | Relevance to the title and/or brief is intermittent or missing. The topic is reduced to its vaguest and least challenging terms. | Demonstrates a lack of basic knowledge of either theory or practice for this level, with little evidence of conceptual understanding. | Severely limited arguments. Descriptive or narrative in style with no evidence of critique and originality or creativity. Conclusions are sparse. | Unstructured. Lack of articulation. Format deficient. | For the type of assignment the presentational style &/or layout is lacking. FTP as above. | Poorly written with numerous deficiencies in grammar, spelling, expression and style. | An absence of academic sources and poor referencing technique. |
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