TACC302 Group assignment information


TACC302 Group assignment information

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TACC302 Group assignment information
Value: 30% of overall assessment
(20% for the written work and 10% for the presentation)
Due date: Monday 17 Sept (Week 9)
Word limit: 2000 words
Requirements:
• Students are to form groups of 3 (max.4), each student’s name must be recorded on the
coversheet otherwise that student will receive zero for the assignment.
• Students must submit the group assignment online (by 5 pm on Monday 17 Sept 2018 for
online submission) and a hard copy to your lecturer during class time. Late penalty at 10%
per day.
• The assignment must be word-processed, single-spaced, and printed on one side only of A4
paper. The word size should be 12 with ‘Times new roman’ font type.
• Harvard style reference preferred.
• Only the group leader should submit online.
• The group presentation will be held during class time in week 10 (Monday 24 Sept2018).
Students will present as a group, and marks for the presentation will be awarded
individually.
• Duration for presentation: 2-3 minutes for each student.
• All group members must attend and present, otherwise you will lose the 10% of
presentation mark.
Enjoy!
The questions required to be completed are:
Q1. Company A is suing Company B for $500 000 in relation to a breach of copyright.
Company B produced designer clothes identical to those for which Company A holds legal
rights, without permission and without paying Company A for permission to use the designs.
Legal experts have advised Company A that it has a strong case and that there is a 60%
likelihood that Company B will be required to pay damages, although these are estimated at
$400 000.
(a) Explain whether the potential damages payable to Company A would meet the
definition and recognition criteria of an asset, applying the principles in:
– the Conceptual Framework
– the Proposed Framework.
(b) Explain whether the potential damages by Company B would meet the definition and
recognition criteria of a liability, applying the principles in:
– the Conceptual Framework
– the Proposed Framework.
(10 marks)
You may use the links provided below for the question:
https://dart.deloitte.com/USDART/resource/295369d3-3f4e-11e6-95db-0389faa39760
https://www.ifrs.org/-/media/project/conceptual-framework/current-stage/conceptualframework-summary-of-tentative-decisions.pdf
Q2. Obtain the annual reports of three companies in the same industry and consider the items
included in property, plant and equipment. Answer the following questions.
(a) What range of measures is used to determine amounts for these items in the reports of the
individual companies? Do you think it is valid to add the items, given the measures used?
How would you interpret the total amount for property, plant and equipment in the financial
statements?
(b) Compare the measures used by the different companies for similar items. Are there any
inconsistencies in how similar items are measured by the different companies?
(5 marks)

 

To get your Assignment/Homework solutions;

Simply Click ORDER NOW and your paper details. Our support team will review the assignment(s) and assign the right expert whose specialization is same to yours to complete it within your deadline. Our Editor(s) will then review the completed paper (to ensure that it is answered accordingly) before we email you a complete paper 

Email Us for help in writing this paper for you at: support@customwritings-us.com

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