Assessment Learning Outcomes
Following completion of this assignment students should be able to/have:
Consider the financial reporting standards applicable to reporting the results of
individual and business combinations
Evaluate the current developments to the financial reporting framework and the
implications of those developments
Critically review financial reporting standards in issue and evaluate the
associated commercial issues
The ability to apply appropriate skills to filter, analyse and evaluate data and draw
reasoned conclusions and made appropriate recommendations.
The ability to learn independently and self manage learning needs
The ability to communicate in a manner appropriate to the intended audience
In line with the module learning outcomes.
Assessment Transferrable Skills
This assessment has been developed to ensure students have the ability to:
synthesis large volumes of information to develop a cohesive argument for or
against a specific accounting treatment
follow guidance and comply with regulations
work within a set timeframe to respond to a given task
present information without an overreliance on visual support
ACFI 3221 Assignment Brief 2019-2020 1
Prepare a transcript and record a five minute podcast to discuss the
In May 2018 the Australian Accounting Standards Board (AASB) asking the
international accounting community for clear guidance on how crypo-assets
should be treated in the financial statements.
Their commentary noted that crypo-assets could be treated in one of four ways
depending on which of the current accounting standard are consider to be
Permission for an extension can only be obtained from the Module
Leader (Lisa Wakefield) on presentation of an appropriately completed
Coursework Extension Form (available from the Student Advice Centre)
with the necessary written evidence attached.
Do not phone or email to ask for an extension as only a formal
written request is acceptable.
These forms will be signed by the Module Leader as the only official
approval of late hand-in.
No other authorisation process has any official status and students
will be penalised for not following this procedure when requesting
extra time for assignments.
ACFI 3221 Assignment Brief 2019-2020
Do not leave an extension request until the day of submission as it is
unlikely to be administered in sufficient time to be valid.