FINANCIAL ACCOUNTING - 2025 SEMESTER 1 VIDEO PRESENTATION ASSIGNMENT

Weighting: 20%

Time/Date:

Finalisation of Groups: 5pm Friday 28 March (Week 4)

Mandatory attendance by group member to workshop: Wednesday 2 April (Week 5)

First Submission: 5pm Friday 11 April (Week 6)

Final Submission: 5pm Monday 12 May (Week 9)

Student learning outcomes

By successfully completing this assignment students will demonstrate evidence of being able to satisfy:

CLO 1: Explain how select Australian Accounting Standards are applied to specific transactions and other financial events. (PLO 1: Formulate, explain and reflect upon solutions using evidence-based principles, concepts and theories)

CLO 2:   Apply the concepts of definition, recognition and measurement as specified in Australian Accounting Standards to specific transactions and other financial events (PLO 2: Analyse diverse problems in contemporary business situations with relevant quantitative & qualitative skills)

CLO 4:    Communicate clearly and concisely when presenting, discussing and reporting knowledge and ideas in formal and informal situations (PLO 5: Communicate effectively both individually and in teams and have ability to self-reflect)

The learning outcomes listed above are consistent with theUniversity of Adelaide Graduate Attributes.

Aims of and rationale for this assignment

This assignment is designed to provide students with the opportunity to practice and improve several skills that are essential for success in a professional workplace. These skills relate to the acquisition and management of technical knowledge about accounting for financial transactions and events, the application of critical thinking,  synthesis of ideas and demonstration of confident and effective written and oral communication. These skills are embodied in each of the learning outcomes listed above.

In the assignment students will identify and analyse technical issues related to preparing and presenting financial statements in Accordance with Australian Accounting Standards. This will be demonstrated by locating and exploring examples of financial events and transactions of the type that are covered in Financial Accounting (FA) that are referred to in the financial media.

To complete the assignment, students must select a relevant issue reported either in the Australian Financial Review or The Australian since 1 January 2025 and relate it to the financial reporting requirements of an Australian Securities Exchange (ASX) listed company. An issue will be considered to be relevant if it relates to the Australian Accounting Standards that are taught in FA and are applied by an ASX listed company. The links between the relevant issue and the financial reporting requirements specified in the appropriate Australian Accounting Standard should be communicated in a clear and effective manner to the audience in a video presentation and accompanying report. This will involve sufficient incorporation of all of the technical prompts such as slide deck and/or handouts, and a clear delivery of the key points using appropriate body language, eye contact and expression.

Required

For this assignment students are required to complete the following tasks:

1. By 5pm on Friday 28 March (Week 4): Form a group of three or four students in Financial Accounting and register the group in MyUni>FA 2025 Sem 1>People>Video Presentation Assignment Groups

2.   Assume that your group are external consultants that have been asked to make a presentation to the company’s Board of Directors explaining how an issue either has or will impact on the preparation of   their financial reports.

3.   At least one member of each group must attend the workshop at 11 am on Wednesday 2 April (Week

5).  There will be a short session on advice and tips for the making the video presentation.

4. By 5pm on Friday 11 April (Week 6): One member of the group must submit to MyUni a summary of the initial interactions held by your group to commence working on the assignment (see Appendix C)  and the consent to share your video form. (see Appendix D)

5.   To complete the assignment your group will need to undertake the following:

•    Identify a topical and relevant issue that has been reported in The Australian Financial

Review or the Business section of The Australian on or after 1 January 2025. (Instructions on how to access these newspapers are included in Appendix B)

•    Analyse the issue and investigate how it relates to an aspect of an Australian Accounting

Standard taught in FA and apply the relevant accounting treatment as required by that

Standard to an ASX listed company. Please ensure that your selected company is listed with the ASX.

•    Write a summary (maximum 1,000 words) explaining how the issue/event would impact on the company’s financial statements in accordance with the relevant accounting standard(s). Note this summary should not be a transcript. of what is spoken in the presentation, it should be more like an executive summary for a report.

•    Record a short video (maximum 10 minutes for a group of 3 or 12 minutes for a group of 4) that explains how the issue/event would impact the company’s financial statements in accordance   with the relevant accounting standard(s). Exemplars of previous videos are available from

MyUni under the Video Presentation Assignment tab  OR click here. These should be viewed  so that you are familiar with the level which the Board of a major company would expect to see and hear.

•    Document the interactions within the group (see Appendix C & E)

6. By 5pm Monday 12 May (Week 9): One member of each group must submit to MyUni each of the following:

•   The written summary

•   The video

•    A copy of the media article that reported the issue that is the focus of the assignment.

•    A copy of the slide deck used in the video presentation.

•    The final summary of the group interactions, completed and signed by all group members (see Appendix E)

Group work

The assignment must be prepared as a group of 3 or 4 students. Each group must be registered in MyUni>FA 2025 Sem 1>People>Groups>Video Presentation Assignment Groups by 5pm on Friday 28 March (Week 4).

Any students who have not allocated themselves to a group by the due day and time will be automatically allocated to a group. It will be each student’s responsibility to contact their fellow group members as soon as possible after the allocation has occurred to allow sufficient time to complete the assignment.

The same mark for the assignment will be awarded to all members of the group. There will be no differentiation between individual marks awarded. It is up to the group to allocate work fairly and equitably amongst members and that all participants engage in the process of preparing and presenting information. It will be every member’s responsibility to work collaboratively with other group members to complete the video and support materials in an organised and professional manner.  I encourage the group to  meet  regularly and to document interactions between members.

One group member must attend the workshop on 11 am on Wednesday 2 April (Week 5). Advice and tips on making the video will be provided.

A summary of the interactions between group members, detailing the participation and contribution by each member must be completed, signed by all group members and submitted to MyUni by one member of the group by 5pm on Friday 11 April (Week 6). A final summary of all group interactions must be documented and uploaded by one member of the group to MyUni together with all other assignment documents by 5pm on Monday 12 May (Week 9). Please see Appendix C & E for a list of information to be included in the summaries of group interactions.

Collaboration between students outside an allocated group for preparing the assignment will be considered to be a breach of the University’s Academic Integrity Policy and penalties will be awarded in accordance with that policy.

Format

Assume that your group are external consultants to the company and the presentation is being made to the company’s Board of Directors. In the written summary and presentation, the group is required to make a persuasive argument to the Board as to why and how the issue reported in the media is interesting and relates to the Australian Accounting Standards taught in FA and how it has or will impact on the company’s financial statements. The group is expected to explain and apply appropriate accounting treatments in accordance with  the relevant Australian Accounting Standard, including references to specific paragraphs.

All group members must present in the video. The presentation should run for a maximum of 10 minutes for a group of 3 students or 12 minutes for a group of 4 students. Presenters must adopt a professional appearance and manner. Students must present without the assistance of note cards and students must not read from a slide deck or other materials. It must be possible to see both the entire presenter and the slides during the presentation. Given that the entire student population of FA in Semester 1 is comprised of face-to- face enrolments, recordings using zoom in different student locations should not be made.

The written summary should be in the form of a short answer as described in the Communication Skills Guide and should demonstrate the group’s ability to consider and/or apply relevant sections of an appropriate Australian Accounting Standard to the facts presented as evidence. The written summary must not simply be a transcript of what is spoken in the presentation. The written summary must include:

1.   Name and ID of all students in the group.

2.   Group number.

3.   The name of the company(ies) or regulation mentioned and a brief description of what it does and/or other relevant background information.

4.   A brief description of the issue/event and explanation as how/why the issue/event is of interest to external stakeholders of the company.

5.   A clear statement of position, and the evidence used to determine that position. This will include

identification of the relevant accounting standard that will be applied when accounting for the issue, a  brief description of how it will be accounted for in the financial statements including any journal entries and disclosures that may be required and/or any other impact it will have on reporting of financial information to external stakeholders.

6.   Reference to the source of information and any references to relevant Australian Accounting Standards (including paragraph references) in accordance with the referencing requirements specified in the Communication Skills Guide. A reference list should be provided at the conclusion of the video.