Case Study Information
As a graduate accountant with a mid-tier accounting firm, you are required to facilitate an online session for some of the firm’s new larger clients about the importance of tax effect accounting. In particular, your managing partner would like you to explain why it is important for these clients to account for both current tax and deferred tax. To prepare for your session you need to:
• Select a company listed on the ASX Top 50 (www.asx50list.com) For example: Coles Group Ltd, Wesfarmers Ltd, or Woolworths Group Ltd.
• Go to www.asx.com.au and find the most recent annual financial report of the company you have chosen.
• Analyse the information relating to income tax in the financial statements and present your findings and discussion.
• The ASX company information should be utilised to illustrate and assist your explanation of why it is important for clients to account for both current and deferred tax.
Your presentation should address the following: • The income tax expense included in the profit and loss for the year, • The current and deferred tax components of income tax expense, • The deferred tax asset and/or deferred tax liability disclosed in the statement of financial
position, • The tax paid appearing in the cash flow statement, • An explanation of why these balances have arisen, and, • A clear and simple explanation of the importance of this information to shareholders.
You must include suitable referencing to the relevant Australian Accounting Standards. Your explanations must be suitable for clients who do not have an accounting background.
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ACCT3103 Advanced Financial Accounting Case Study for S2 2021
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Prepare and submit a four (4) minute video presentation to your clients. This should be a formal presentation, as if being presented to the clients of your accounting firm.
• The presentation should include any Powerpoint slides and/or graphics that are required to enable a professional approach to be exhibited, and these must be able to be read by the marker when viewing the video. Some general guidance on presentations is available on the UQ library – https://my.uq.edu.au/node/2703/2.
• You must identify yourselves clearly at the beginning of the video with your FULL NAME and STUDENT NUMBER as enrolled with UQ, on the FIRST Powerpoint slide. You would also need to introduce yourself to your clients at the commencement of your presentation.
• The length has been specifically selected to allow your findings to be presented succinctly – excessively longer or shorter videos are not acceptable and will attract a penalty of a loss of 50% of knowledge marks (reasonable range 3 – 4 minutes).
• You must cite the specific provisions including paragraph from the relevant AASB using one of the following two examples for in-text referencing: AASB 102:11 or AASB 102 para. 11.
• Do not reproduce significant parts of the regulations / standards in your presentation. The focus should be on interpretation and application of the standard, with a concise, well-structured analysis for your client with key referencing to critical elements of the appropriate accounting standards.
• The use of tables/figures/diagrams is essential.
• This assessment must be the sole work of the individual student and not done in collaboration with other students. Students may discuss with one another the general principles of the Accounting Standards; however, you may not collaborate or discuss the specifics of the presentation or how the Standards are relevant to the presentation.
• The presentation is to be recorded using any method that will meet the professionalism criteria, and must be uploaded to Blackboard via UQ’s Kaltura software, for which there are instructions available on the Course Blackboard site. There is also a workshop available on Blackboard where the Learning Design team will show you how to record your video.
If you are unable to upload a video, you may submit a written script with appropriate description, action and dialogue lines which demonstrate your understanding of the rubric requirements. You will still be required to submit your Powerpoint slides.
Please ensure you upload:
1. The video presentation to Blackboard via Kaltura 2. A PDF of the Powerpoint presentation, printed as 6 slides per page.
The file name for the submission should be prepared as:
“Family name” “Given name” “Student ID” ACCT3103
(for example: Beaumont Stacey 41234567 ACCT3103)
• For the individual video presentation + presentation slides: Upload via the CASE STUDY INDIVIDUAL VIDEO SUBMISSION link provided in the Case Study Assessment Folder. Video and presentation slides should be uploaded as one submission. Instructions for submission are provided on Blackboard, under Assessment – Case Study.
ACCT3103 Advanced Financial Accounting Case Study for S2 2021
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Marking Criteria and Rubric – Individual Video Presentation (Content) The following marking criteria and rubric applies to the assessment item.
LG 1: Be knowledgeable within field of accounting; and LG2: Be able to deliver a quality business presentation (20 marks) • Knowledge: Presenter clearly understands content. • Non-verbal skills: Presenter does not rely on notes, has good eye contact and body language throughout. • Verbal skills: Presenter is audible, articulate and has good delivery of content. • Professionalism: Visual materials are logical, easy to follow, and free from spelling, punctuation and grammatical errors. Personal presentation are of a business standard.
Rubric Trait Above Expectations Meets Expectations Below Expectations Not
Knowledge / Topic fluency (11 marks) Have you researched your topic broadly, beyond the limits of your presentation, so that you are prepared for questions?
Your presentation has addressed all the required elements of the task. You have demonstrated a correct application of all of the relevant sections of the accounting standards with supporting explanations correct. No errors evident.
Your presentation has addressed most of the required elements of the task. Your application of some of the relevant sections of the accounting standards are correct and supporting explanations are mostly correct. Minor errors evident.
Your presentation has not adequately addressed the required elements of the task. Limited evidence of research of the relevant accounting standards. Major errors evident.
Presentation Style / Non- verbal skills (3 marks) Use of eye contact, stance and gesture to engage the audience.
Presentation style demonstrates highly developed public speaking skills. Your use of stance, gesture and eye contact engages the audience. Presenter makes appropriate use of speaking devices, such as rhetorical questions or humour.
Presentation style demonstrates appropriately developed speaking skills, and an awareness of the importance of stance, eye contact and/or gestures to encourage audience interest.
Presentation style demonstrates poor public speaking skills. Little to no use of stance, eye contact or gesture to engage the audience.
Delivery / Verbal Skills (3 marks) Use of cadence, tone and pace to engage the audience
Delivery features highly suitable projection and well measured pace. Cadence and volume are used effectively to place emphasis on key points. Your use of tonal variance engages the audience. Presentation is delivered partially from memory, with minimal reliance on notes.
Delivery features a mostly suitable level of projection and pace. Cadence and volume are sometimes used for emphasis. Some reliance on notes.
Projection is insufficient, with the result that some points are unclear or inaudible. Pace is way too fast for audience comprehension or way too slow for audience engagement. Little to no use of cadence and tonal variance to emphasis key points. Reading from notes.
Professionalism (4 marks) Use of visual support to aid audience engagement and understanding.
Presentation slides are well structured, logically sequenced and include engaging supporting graphics. Presented in a professional manner that communicates the intended advice to the client including the appropriate use of table/s and/or extracts from chosen company. No spelling/grammatical errors on slides. In-text referencing is complete and accurate. Personal presentation is of a business standard.
Presentation slides are adequately structured and logically sequenced, including the appropriate use of table/s and/or extracts from chosen company, though it occasionally lacks a degree of professionalism with more frequent formatting errors, (such as minor formatting errors and/or inappropriate use of headings, lack of tables). Minimal spelling/grammatical errors on slides. In-text referencing is mostly complete and accurate with only minor errors evident. Personal presentation is mostly of a business standard.
Support material demonstrates limited understanding of how visual support materials can be used to aid audience reception and comprehension. Slides and handouts are not clearly formatted, with poor quality images/too much text. Multiple spelling/grammatical errors on slides. Referencing contains more frequent errors. Personal presentation is not of a business standard.