External Reporting Issues Assignment
This assessment item assesses the following learning outcomes:
Higher Order Thinking (HO) - Critically investigate real world business issues and problems drawing on analysis, evaluation and synthesis of discipline knowledge, including theory and practice.
Professional Communication - Use information literacy skills and communicate effectively and professionally in written forms and using media appropriate for diverse purposes, contexts and audiences.
Use information literacy skills, and communicate effectively and professionally in oral forms, appropriate for diverse purposes and contexts.
Purpose: Debates can be an effective method of enabling students to take an active part in their own learning through the preparation and presentation of their own work and that of their peers. This supports pedagogic theory which proposes that students learn effectively when they learn cooperatively, through interaction with others, and when they develop critical thinking.
The debate consists of two opposing sides (affirmative/negative) of the debate topic:
1. The affirmative view (for) agrees with the debate topic. This view will involve the student arguing the benefits of the topic and then subsequently rebutting the arguments of the negative (against) view.
2. The negative view (against) disagrees with the debate topic: This view will involve the student arguing against the main theme of the topic and also subsequently rebutting the arguments of the affirmative speaker.
To participate in the debate students will need to:
1. Research information relevant to the debate topic
2. Analyse their researched materials to build up affirmative or negative view arguments
3. Demonstrate their ability to integrate knowledge into their view of the debate topic
4. Consider the views of the opposing side and be prepared to rebut these views.
Critical Analysis -
In 2015 Regis Healthcare changed its accounting policy for Land and Buildings from Fair Value to Historical Cost. In the annual report the Directors advised that: '... the change in accounting policy in the current year is consistent with industry practice and therefore more relevant for the users of these financial statements'. The change in policy resulted in a net reduction in the carrying value of land and buildings of $20.460M.
Critique the change in accounting policy and the cited comments of the Directors. Your response should cover your prior learning (specifically AYN418/AYB311) and the content of our first two lectures.
Assignment Files -
https://www.dropbox.com/s/6z9vhonc2j6biqr/Assignment%20Files.rar?dl=0