Assessment 3 Information
Subject Code: ACCM4200
Subject Name: Advanced Financial Accounting
Assessment Title: Assessment 3
Assessment Type: Statement of Advice
Word Limit: 2,000 words (+/- 10%)
Total Marks: 40
Submission: Individual via Turnitin on MyKBS.
Due Date: Tuesday of Week 13 at 19:55 AEST
You must prepare a Statement of Advice (SoA) that addresses all the questions raised in a letter that will be made available to you at the start of week 11.
Assume that you are a team of graduate accountants working for Pinnacle Pty Ltd, an independent Consulting & Accounting firm located at 11 George Street, Sydney, NSW 2000. Among other things, your firm provides its clients with advice regarding accounting issues, including applying the Australian Accounting Standards in preparing Financial Reports. You must prepare a Statement of Advice (SoA) for National Ltd to address several accounting issues raised by Ms. Sullivan Sampson on behalf of the company’s directors. Ms. Sampson has raised these issues in a letter that will be made available to you at 8 a.m. (AEST) on the Monday of week 11.
The maximum length for the SoA is 2,000 words (+/- 10%) You should address all the technical issues in your advice, followed by a Reference List. Marks will be awarded based on two components:
Technical component 30% – This includes the technical discussion in your SoA, the explanation of each issue, and the sources used. You must analyse the information provided and recommend the correct accounting treatment. You must justify your recommendations by referencing specific paragraphs of relevant accounting standards. You must explain the rationale behind each accounting standard requirement.
Communication Skills (Writing Skills) component 10% – marks will be awarded based on your ability to gather information and effectively communicate strategies to the client as part of the SoA. It will also cover the generic skill of writing, clear meaning, structure and organisation, appropriate tone and grammar, spelling, and punctuation, etc., throughout the whole assignment.
Refer to the rubrics at the end of this document for a breakdown of marks.
1) You must include the following in your Statement of Advice (SoA):
a) Cover Page should include:
i) name/logo of your accounting and consulting firm ii) The words -Statement of Advice- iii) Who the document is prepared by iv) Who the document is prepared for v) Date
vi) Brief information on what the document is about
b) Table of Contents
c) Recommendations and explanations – include in-text referencing d) Conclusion
e) Reference list
2) Any sources that you use need to be acknowledged in order to avoid plagiarism. Information on referencing can be found under -Study Resources – Academic Skills- on MyKBS at this link.
3) You must identify and refer to specific paragraphs of the relevant accounting standards in your advice.
Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
• What is academic integrity and misconduct?
• What are the penalties for academic misconduct?
• What are the late penalties?
• How can I appeal my grade?
The answers to these questions can be accessed at https://www.kbs.edu.au/about-us/schoolpolicies.
Length Limits for Assessments
Penalties may be applied for assessment submissions that exceed prescribed limits.
Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Further details can be accessed at https://elearning.kbs.edu.au/course/view.php?id=1481
Technical Component (30%) Excellent: 75%
Average: 50% – 75% Weak: 50%
Items 1, 2 & 3
(30 marks) 22.5 to 30 marks 15 to 22 marks Less than 15 marks
All technical issues raised clearly
Clear, correct, and decisive advice
provided, displaying an outstanding
each of the technical issues raised, so
that it is easy for the client (non-
accountants) to understand.
Reference has been correctly made to the AASBs with detailed paragraph numbers. Most technical issues raised
reasonably clearly, identified, and
Mostly correct advice displaying a
some of the technical issues raised, so that
it is relatively easy for the client (non-
understand. Reference has been correctly made (with gaps) to the AASBs
with some paragraph numbers. Most technical issues not identified or addressed.
Displays a lack of understanding of
some or most of the technical issues
raised making it
difficult for the client to understand.
Little or no reference to the AASBs.
Skills Component (10%) Excellent: 75% Average: 50% – 75% Weak: 50%
Statement of advice structure (4 marks) 3 to 4 marks 2 to 2.9 marks Less than 2 marks
A proper format for a SoA has been
used. SoA clearly identifies each issue.
Format is effective and professional.
In-text referencing included where required.
list in the right format. Format of SoA could be improved.
Most issues clearly identified.
Format effective and professional with
In-text referencing mostly included
Reference list partly incomplete or not
always in the right format. Proper format not used.
Issues not clearly
Format is neither
In-text referencing hardly or not included
Reference list incomplete or not the right format.
Language and presentation (3 marks) 2.25 to 3 marks 1.5 to 2.2 marks Less than 1.5 marks
The presentation is logical, persuasive,
and well supported by evidence,
demonstrating a clear flow of ideas and arguments.
Fluent professional writing style
throughout. Grammar and spelling accurate throughout. Information, arguments, and
evidence are well
clear flow of ideas and arguments.
Reasonably professional writing style.
Grammar and spelling mainly accurate Difficult to understand for audience, no
structure, poor flow of ideas, argument lacks supporting evidence.
Meaning may be unclear.
spelling contain numerous errors.
(3 marks) 2.25 to 3 marks 1.5 to 2.2 marks Less than 1.5 marks
Inclusion of adequate and sufficient in-text referencing. In-text
referencing match with
referencing items at the end of SoA Only a couple of inclusion of adequate
in-text referencing. In-
text referencing match
with referencing items at the end of SoA Non-inclusion of intext referencing. Intext referencing
does not match with
Assessment 3 Information