Unit Code & Title :- BMP6018 Financial Accounting
Assessment Type :- Assignment
Weighting :- Essay (2500 words) – 50%
Learning Outcomes:
LO5: Critically appraise why accounting regulations are needed outline the history of accounting regulation and the affect accounting regulations have on the content of financial statements.
BMP6018 Financial Accounting Assignment – UK
Assignment:
Critically appraise the impact of international financial accounting regulations on the reporting framework of UK public limited companies and partnership businesses by drawing in relevant examples from companies registered in the UK.
For guidance purposes:
In your appraisal you should draw upon key concepts of international financial reporting standards and regulations critically review history of the accounting regulations and reasons for constant changes evaluate rules vs principles based accounting standards and how these apply to PLCs and partnerships identify and critically discuss any impact of these regulations or their changes on the contents of the financial statements and its users any advice you may have for the IASB in setting accounting standard for PLCs and partnerships taking into account impact of information technology on financial reporting.
This is an essay and not a report and as such use the correct format of an essay in producing this coursework. There is no need for headings or
subheadings in your essay. You can choose to start each of the above requirements in a new paragraph to ensure clarity.
Secondary Research Level HE6 – It is expected that the Reference List will contain between five to fifteen sources. As a MINIMUM the Reference List should include three referenced academic journals and four academic books. Please use Harvard Referencing style for citation and references list. Refer to this link for more information on referencing:
Specific Assessment Criteria:
First class (70% and above): Students will provide an in depth critical appraisal of the history of accounting standards and regulations and their needs.
Additionally they will critically focus on the constant changes in the regulations and impact of any change on the contents of financial statements and its users in the context of PLCs and partnerships.
They will also critically evaluate rules vs principles-based standards and provide focused and justified reasons for opinions put forward. A succinct conclusion will be provided that will critically draw upon their discussion. Extensive research demonstrating a wide range of current secondary research sources will be evident. Academic writing style use of technical language proficiency and referencing will be excellent.
Second class (50-69%):
Students will provide an effective appraisal of the history of accounting standards and regulations and their needs. Additionally they will focus on the constant changes in the regulations and impact of any change on the contents of financial statements and its users in the context of PLCs and partnerships. They will also evaluate rules vs principles-based standards and provide justified reasons for opinions put forward. A logical conclusion will be provided that will draw upon their discussion. Research demonstrating a wide range of current secondary research sources will be evident. Academic writing style use of technical language proficiency and referencing will be reasonable.
BMP6018 Financial Accounting Assignment – UK
Third class (40-49%):
Students will provide a satisfactory appraisal of the history of accounting standards and regulations and their needs. Additionally they will focus on the constant changes in the regulations and impact of any change on the contents of financial statements and its users in the context of PLCs and partnerships. Some evaluation of rules vs principles-based standards and considered reasons for opinions put forward will be provided along with a conclusion. Research demonstrating a range of current secondary research sources will be evident. Academic writing style technical language proficiency and referencing will be satisfactory.
Fail (39% and below):
Students who do not meet one or more of the learning outcomes will not successfully complete the assessment activity.
Please also see section 14 of the Module Guide for General Assessment criteria which also applies to this assessment in addition to the specific assessment criteria.
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