University : Macquarie University UniLearnO is not sponsored or endorsed by this college or university.
Subject Code : ACCG1001
Assignment Task

Submission Instructions

• Your individual assignment must be submitted to Turnitin via iLearn 3 pm on Tuesday, 13 Oct 2020.

• No extension will be granted. There will be a deduction of 10% of the total available marks made from the total awarded marks for each 24 hour period or part thereof that the submission is late (for example, 25 hours late in submission - 20% penalty). This penalty does not apply for cases in which an application for Special Consideration is submitted within a reasonable time frame and approved.:

Assignment Questions

You are required to choose a suitable company with sufficient disclosures on inventory and write a business report to address the following two questions. You may choose the company from: http://www.marketindex.com.au/asx200.

By reference to the annual report of your selected company, you are required to address the following two aspects in the business report:

(1) Review the inventory disclosure of your selected company.
(Hints: your review may include the following components:
-Inventory system (perpetual or periodic);
-Cost assumption (FIFO, LIFO or average cost);
-The impact of cost assumption to the statement of profit and loss and
-Evaluation of inventory, etc.)

(2) You are required to conduct research (i. e. reviewing relevant accounting standards and policies as well as academic and professional journals), and discuss regulatory requirements and various factors that accountants should consider when setting up accounting policy relating to inventory for the entities they work for?

The total mark of this assignment is 50 (refer to marking rubrics), then your marks will be converted to 20% towards your overall assessment.

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Assignment Requirements:
a) Structure
The report must contain the following (in this order):
• Report cover page (You can design your own cover page)
• Introduction
• Body
• Conclusion
• Reference list
You should include relevant parts of the annual reports that you have used and referred to in your report. 

b) Word limit

The assignment should be typed (in Microsoft Word, Times New Roman, 12 font, 1.5 line spacing). The word limit is 1000 excluding references. However, it can be 10% over/under the word limit without incurring a penalty. Please note that only include introduction, body and conclusion in the word count.

c) Referencing

It is extremely important that you are familiar with the university policy on plagiarism that is included in the unit guide. You must re-write material in your own words and not just copy and paste from the internet or any other resources. You must properly reference all material in the main text and provide a reference list at the end of the assignment. It is recommended that you use the Harvard or APA referencing style.

d) Submission to Turnitin
Your individual assignment must be submitted to Turnitin via iLearn 3 pm on Tuesday, 13 Oct 2020.

Turnitin is an internet database that identifies work containing unoriginal material. Your assignment will be scanned using the Turnitin software and if you have copied material from the internet or other sources improperly, you will be penalised. The scanning will also tell us if you have copied from another student. Staff in the unit will perform a check on the similarity of your report to others. Student who plagiarizes in any form will receive ZERO mark for the individual assignment and may be reported to authorities for misconduct.

 

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  • Uploaded By : Mia
  • Posted on : September 08th, 2018

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