澳大利亚巴拉瑞特大学(University of Ballarat)企业会计课程作业要求
Corporate Accounting Summer 2011-12 ASSIGNMENT
在本测试单元，该作业可以小组形式也可以单独完成，占总分的25％。所有四个部分都必须完成。截止日期-第10周的星期一。
This assignment can either be completed in pairs or individually and constitutes 25 per cent of the marks in this unit. All four parts are to be completed. Due Date – Monday of week 10.
Assessment Criteria: 评估标准
Student work will generally be assessed in terms of the following criteria:
1. Effectiveness of communication - ie readability, legibility, grammar, spelling, neatness, completeness and presentation will be a minimum threshold requirement for all written work submitted for assessment. Work that is illegible or incomprehensible and does not meet the minimum requirement will be awarded a fail grade.
2. Demonstrated understanding - This will be evidenced by the student's ability to be dialectical in the discussion of contentious issues. Few, if any, accounting concepts are scientific facts and stereotype answers will demonstrate poor understanding on the part of the student.
3. Evidence of research - This will be evidenced by the references made to the statutes, accounting standards, books, journal articles and inclusion of a bibliography.
Note:
1.所有的书面作业必须符合巴拉瑞特大学的一般指南的演示文稿的学术著作。
1. All written work must conform with the University of Ballarat General Guide for the Presentation of Academic Work.
3.对所有的书面作业学生必须确保他们提交自己的原创作品。任何剽窃行为，将受到严厉的惩罚。
2. For all written work students must ensure that they submit their own original work. Any act of plagiarism will be severely penalised.
Part A (7.5 marks)(1,000 words)
As accounting standards globalise, the standard setting bodies face the challenge of accommodating the Islamic prohibition on interest, and other aspects of Sharia law, into money making.
There are two contrasting views on how to account for Islamic financial transactions.
a) A separate set of Islamic accounting standards is required; or
b) International Financial Reporting Standards can be applied to Islamic financial transactions.
The differing approaches to accounting for Islamic financial transactions can be generally attributed to opposing views on two main points of contention.
a) The acceptability of reflecting a time value of money in reporting an Islamic financial transaction; and
b) The conventional approach of recognising and measuring the economic substance of a transaction, rather than its legal form.
Discuss
Part B (10 marks) (1,200 words)
In the Australian accounting sphere the concept of due process is applied within the institutional arrangements for regulating financial reporting and falls particularly within the promulgation of accounting standards.
a) What is due process.
b) Is there a difference in due process in law and the due process as applied within the accounting standard setting regime
c) What is procedural due process and substantive due process. Is there a difference and if so what is it.
Part C (7.5 marks) (1,000 words)
It is well documented that the setting of accounting standards is the outcome of a political, rather than a technical or economic, process. Regulatory bodies endeavour to balance the competing demands and views of lobbyists, while also being mindful of their own situation and the extent to which their activities fall within the ambit of their political masters.
If accounting rules have widespread and significant economic and social implications, then proposed accounting rules would be of interest to many individuals and groups, whose wealth and welfare may be affected.
Lists of Exposure Drafts
Proposed Amendments to AASB 132 Financial Instruments: Presentation and AASB 101 Presentation of Financial Statements 150
Australian Additions to, and Deletions from IFRSs 151
Proposed Amendments to AASB 1 First-time Adoption of Australian Equivalents to International Financial Reporting Standards – Cost of an Investment in a subsidiary 152
Proposed Amendments to AASB 124 – Related Party Disclosures – State-controlled Entities and the Definition of a Related Party 153
Proposed Amendments to AASB 102 – Inventories Held for Distribution by Not for Profit Entities 154
Financial Reporting by Whole of Governments
155
Proposals Arising from the Short-term Review of the Requirements in AAS 27, AAS 29 and AAS 31” 156
Joint Arrangements 157
Proposed Amendments to AASB 139 Financial Instruments: Recognition and Measurement – Exposures Qualifying for Hedge Accounting 158
Proposed Improvements to Australian Accounting Standards 159
Proposed Amendments to AASB 1 First-time Adoption of International Financial Reporting Standards and AASB 127 Consolidated and Separate Financial Statements - Cost of an Investment in a Subsidiary, Jointly-Controlled Entity or Associate 160
Proposed Amendments to AASB 2 Share-based Payment and AASB Interpretation 11 AASB 2 - Group and Treasury Share Transactions - Group Cash-settled Share-based Payment Transactions 161
Proposed Amendments to Key Management Personnel Disclosures by Disclosing Entities 162
Proposed Amendments to AASB 1049 for Consistency with AASB 101 163
An improved Conceptual Framework for Financial Reporting: The Objective of Financial Reporting and Qualitative Characteristics and Constraints of Decision-useful Financial Reporting Information 164
Proposed Improvements to Australian Accounting Standards 165
Simplifying Earnings per Share: Proposed Amendments to AASB 133 166
Discontinued Operations: Proposed Amendments to AASB 5 167
Additional Exemptions for First-time Adopters: Proposed amendments to AASB 1 168
Improving Disclosures about Financial Instruments: Proposed amendments to AASB 7 169
Relationships with the State Proposed amendments to AASB 124 170
Consolidated Financial Statements 171
Embedded Derivatives (Proposed Amendments to AASB Interpretation 9 and AASB 139) 172
Investments in Debt Instruments (Proposed Amendments to AASB 7) 173
Amendments to Australian Accounting Standards to facilitate GAAP/GFS Harmonisation for Entities within the GGS 174
Post-implementation Revisions to AASB interpretations 175
Proposed Amendments to Australian Accounting Standards - Borrowing Costs of Not-for-Profit Public Sector Entities 176
Derecognition (Proposed Amendments to AASB 139 and AASB 7) 177
Income tax 178
Superannuation Plans and Approved Deposit Funds 179
Income from Non-exchange Transactions (Taxes and Transfers) 180
Fair Value Measurement 181
Prepayments of a Minimum Funding Requirement 182
Management Commentary 183
Financial Instruments: Classification and Measurement 184
Rate-regulated Activities 185
Classification of Rights Issues (proposed amendment to AASB 132) 186
Discount Rate for Employee Benefits (proposed amendments to AASB 119) 187
Improvements to IFRSs 188
Financial Instruments: Amortised Cost and Impairment 189
Limited Exemption from Comparative AASB 7 Disclosures for First-time Adopters (proposed amendment to AASB 1) 190
Measurement of Liabilities in AASB 137 (Limited re-exposure of proposed amendment to AASB 137) 191
Revised Differential Reporting Framework 192
Conceptual Framework for Financial Reporting: The Reporting Entity 193
Request for Comment on IPSASB Exposure Draft 'Service Concession Arrangements: Grantor’ 194
Defined Benefit Plans (proposed amendments to AASB 119 195
Fair Value Option for Financial Liabilities 196
Exposure Draft 197 – Presentation of Items of Other Comprehensive Income 197
Revenue from Contracts with Customers 198
Measurement Uncertainty Analysis Disclosure for Fair Value Measurements (Limited re-exposure of proposed disclosure 199
200A Proposals to Harmonise Australian and New Zealand Standards in Relation to Entities Applying IFRSs as Adopted in Australia and New Zealand 200
200B Proposed Separate Disclosure Standards
Choose ten Exposure Drafts between ED150 and ED200 and comment on who is submitting (Go to the AASB site) and any other generalities you consider interesting.
15012858052
153688106
