Assignment Remit
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Programme Title
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BSc Accounting and Finance
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Module Title
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Financial Reporting
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Module Code
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07 33175
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Assignment Title
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Individual report
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Level
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LI
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Weighting
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50%
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Hand Out Date
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20/01/2025
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Due Date & Time
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27/02/2025
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Before 12pm (12-noon)
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Feedback Post Date
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16th working day after the deadline date
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Assignment Format
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Report
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Assignment Length
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1,500 words
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Submission Format
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Online
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Individual
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Module Learning Outcomes:
This assignment is designed to assess the following module learning outcomes. Your submission will be marked using the Grading Criteria given in the section below.
LO 1. Explain and critically evaluate accounting for tangible and intangible assets, inventories, tax, provisions, or the reporting of financial performance.
LO 2. Explain the information in published financial reports.
Assignment:
Prepare a report discussing the non-current assets of a FTSE250 company which:
• discusses the requirements of applicable non-current asset International Financial Reporting Standards (IFRS) and explains how the accounting standards have been applied by the company (with reference to both the requirements of IFRS and the accounting policies of the company), and
• analyses the non-current assets of the business, including (but not limited to) a discussion of the changes to non-current assets when compared to the prior year’s results.
Notes on the task:
• You have been allocated a company for this assignment. You can find your allocated company on Canvas.
• Even though several students will be allocated to the same company this is not a group assignment. Your submission should be your own individual work.
• Discussing the assignment with peers constitutes collusion, a form of academic misconduct, as the ideas generated are not solely your own but derived from group input, even if you write the work independently afterward. The University defines collusion as "collaborating with other students on work that is presented as your own individual work. This can include working together on essays." More information can be found at this link. You should not discuss your work for this assignment with anyone else.
• You will find the company Annual Report on the investor relations section of the company website or by searching the company register on the Companies House website which can be found at this link. To find your company on the Companies House website, please enter your company name in the search box and select the ‘Filing History’ tab to view and download the Annual Report.
• Please use the latest full year annual report. You can ignore the half year (or interim) report.
• Your report should focus on the consolidated group financial statements.
• Your report should only discuss the non-current assets and accounting standards covered within this module that apply to your company (i.e., Goodwill from IFRS 3 Business Combinations, IAS 16 Property Plant and Equipment, IAS 40 Investment Properties, IAS 38 Intangible Assets, IAS 23 Borrowing Costs, IAS 36 Impairment, and IAS 20 Government Grants – capital grants only). Please ignore any other non- current assets held by a company that have not been covered on this module.
• You should use data from all relevant areas of the Annual Report, which may include the accounting policies, statement of profit or loss, statement of financial position, statement of cash flows and the notes to the financial statements.
• Please include relevant extracts from your company’s financial statements in the appendix.
• You should include all workings for your analysis in an appendix.
• Please ensure that the structure follows that of a report format with clear headings. Remember reports are formal documents which can include headings, sub-headings, numbered sections, and graphics such as tables, flowcharts, diagrams, or graphs (where appropriate). All these devices help the reader navigate the report and understand its content.
However, please ensure that any tables, financial statement extracts and/or graphics are referred to in the main body of the report.
• The word limit is a maximum of 1,500 words. Reports that exceed this will be penalised with the following grade point deductions:
o Up to 10% over: no penalty
o 11% to 20% over: 5% penalty
o 21% to 30% over: 10% penalty
o More than 30% over: 15% penalty
Tables, figures,the reference list, and the appendix do not count towards the word count.
• The use of external sources must be appropriately cited and referenced. You are required to use the Harvard referencing style.
• If you have any questions related to the assignment, please use the discussion forum on Canvas or speak to the module leader in class.
• The deadline for assignment queries is 12-noon on Monday 24th February. The team will not be responding to any queries received after this date. This ensures compliance with the university guidelines, which allow up to two working days to respond to queries before the marking deadline, providing adequate time for thorough responses.
• We recommend that you read the discussion forum prior to submitting your work to ensure you have read all the relevant information relating to this assignment.
Grading Criteria:
Your submission will be graded according to the following criteria:
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Item
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Criteria
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Weighting
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1
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Discussion of the application of all relevant accounting standards and the company's accounting policies.
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30
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2
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Analysis of non-current assets: choice of analysis methods
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30
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3
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Analysis of non-current assets: calculations
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15
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4
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Analysis of non-current assets: discussion
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10
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5
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Use of relevant information from the Annual Report
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5
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6
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Creativity and communication style
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10
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Total
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100%
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See the marking rubric at the end of the remit for more information on how your work will be marked and graded.