HA2032 Corporate and Financial Accounting
Trimester 1 2018
Assessment Value: 20%
1. This assignment needs to be submitted in accordance with assessment policy
stated in the Unit Outline and Student Handbook.
2. It is the responsibility of the student who is submitting the work, to ensure that
the work is in fact her/his own work. Incorporating another’s work or ideas into
one’s own work without appropriate acknowledgement is an academic offence.
Students should submit all assignments for plagiarism checking on Blackboard
before final submission in the subject. For further details, please refer to the
Unit Outline and Student Handbook.
3. Maximum marks available: 20 marks
4. Assignment should be of 2,000 words. Please use “word count” and include in
report. Presented in font size 12
5. Due date of submission: Week 11, Sunday at 11.59 p.m.
Format of the Report
1. You at least should have the following details:
a. Assignment Cover page clearly stating your name and student number
b. A table of contents, executive summary
c. A brief introduction or overview of what the report is about.
d. Body of the report with sections to answer the sections required and with
appropriate section headings
f. List of references.
2. Diagrams and tables clearly labelled and explained.
3. Ensure all materials are correctly referenced. Plagiarism will be severely
Part A of this assignment contributes 8 marks towards the assignment assessment.
Choose one (1) company listed on the Australian Stock Exchange (ASX) and register
the company with your Lecturer. Students are not to select the same company with
any other student in their class.
Use two (2) recent years of your chosen company’s annual report, and answer the
following questions. You must state the 2 years you are analysing in your report.
Based on the two-year annual reports of your chosen company, including its financial
statements and notes to the financial statements, answer the following:
1. For each of the following, provide two (2) examples, as evidence of your chosen
company fulfilling these issues:
a. providing qualitative characteristics of relevance and comparability
(1 example for each characteristic); and
b. disclosing environmental reporting practices (2 examples)
2. In your opinion, are the information and disclosures provided by your company
in (1) adequate? Explain.
3. Provide at least two (2) recommendations to the top management of your
chosen company, to strengthen its compliance with these disclosure issue(s) in
future reporting periods.
Part B of this assignment contributes 8 marks towards the assignment assessment.
i. Explain the purpose of the pre-acquisition entries in the preparation
of consolidated financial statements. [1 mark]
ii. When, at acquisition date, there is a dividend payable by the
subsidiary, under what conditions should the existence of this
dividend be taken into consideration in preparing the pre-acquisition
entries? [2 marks]
iii. Why is it necessary to distinguish pre-acquisition dividends from
post-acquisition dividends? [1 mark]
iv. If, at acquisition date, the subsidiary has recorded goodwill in its
records, how does this affect the preparation of the pre-acquisition
entries? [2 mark]
v. If, at the date the parent acquires a controlling interest in a subsidiary,
the carrying amounts of the subsidiary’s assets are not equal to fair
value, explain why adjustments to these assets are required in the
preparation of the consolidated financial statements.
Please prepare the above answers in your own words to demonstrate that you
know how to explain consolidation entries.
The remainder of the marks will be assessed based on:
Report Structure/Presentation [2 marks]
Research Quality [2 marks]
Refer to the marking rubric on Blackboard.