ASSIGNMENT 2:
Semester 2, 2013
DUE DATES:
ASSIGNMENT: 22nd Oct 2013 (5.00pm) Tuesday,
WEIGHTING: 15%
WORD LENGTH: Maximum 1500 words.
This assignment requires students to:
(i) Prepare an essay relating to the Presentation of Financial Statements,
(ii) Apply the relevant Accounting Standards and Corporate Legislation to a practical situation, and
(iii) Analyze and discuss specific problems to associate with changes in accounting policies, and changes in accounting estimates and errors.
REQUIREMENTS:
1. Students are required to complete the assignment individually.
2. The assignment must be typed, double-spaced and appropriately referenced. You should use normal academic referencing and attempt to use other references, not just the Loftus et al (2013) textbook.
3. All answers must use proper English expression and grammar. Word limits are a maximum number of words required.
4. Marks are awarded based on the rubrics criteria: hygiene, logic and flow, denseness, layout, persuasiveness, brevity (see attached). Part B is to be submitted using SafeAssign.
SUBMISSION:
1. A hardcopy of the completed assignment is to be submitted with a completed University coversheet through the Library document handling service by 5pm on the due date.
2. Please do not bind your assignment. Staple the assignment in the top left-hand corner.
3. Please attach the Griffith Assignment Submission Sheet to the hard copy of your assignment ensuring you disclose:
* Student number,
* Student name (printed); and
* Signature1.
Background
Your friend, John, recently acquired some shares in BHP Billiton an Australian publicly listed company in 2010. John has no accounting knowledge and is somewhat confused as to the type of financial information he needs from the BHP Billiton’s 2011 Financial Statements to enable him to determine the progress of the company in which he has invested.
Required
Prepare an explanation for John