“WIL ACCT 1077 Accounting Theory Individual Report & Team Report 1 2012

The following assessments involve Work Integrated Learning (WIL) activities. The
focus of RMITs WIL policy is for you to learn by doing in context and with
feedback in realistic contexts. In Accounting Theory, this assessed WIL
experience makes a significant contribution to development of your work-readiness capabilities by
deepening your knowledge of, and skills at, core accountancy practices
concerning the practical application of contemporary financial accounting
regulation in the workplace.

You and your future team members are graduate employees of a
public accountancy firm, Doctor Accounting (DA).

You will work individually and as a team to produce a report
and a presentation for DA responding to the following brief:

Section 1: Client Brief

Background:

Tardis LTD (an Australian company) is a client of Doctor
Accounting (DA). Tardis Ltd is involved in the development and distribution of
Web 2.0 technologies for the Education sector. At present, Tardis Ltd is listed on the Australian Stock
Exchange and DA has been providing both Audit and non-audit services to Tardis
Ltd for the past five years.

Tardis Ltd is currently seeking expansion opportunities for
its core business competencies. Tardis advises that one of its core
competencies is the research and development of online distance education
technologies for use by educational facilities in regional and remote areas.
The company has already completed extensive marketing research seeking new
opportunities for the international placement of a research and development
hub. As a result of this research the company has identified a number of
countries that would potentially be a suitable site for the formation of a
publicly listed subsidiary.

Tardis has not made a final determination as to whether
these expansion projects will go ahead and as part of its research it has
sought the services of DA. It has asked DA to provide reports outlining the
financial reporting and disclosure issues that might arise if they decided to
list their subsidiary on the foreign exchanges of the potential countries it
has identified.

Your supervisor, Miss Amy has provided you with detailed
requirements for an individual report that is to be produced by you in section
2 below. The report requirements have been tailored by Miss Amy to meet the
perceived needs of Tardis Ltd and the scope of your report should be limited to
the issues outlined below. Miss Amy has further provided instructions for a
team presentation that is to be produced in section 3 below.

Before starting your research, I highly recommend that you
visit the following site: .rmit.edu.au/isearch/””>http://emedia.rmit.edu.au/isearch/
and complete the interactive tutorials which will assist you in locating
relevant academic references such as journal articles etc for your report.

Please Note: As these reports are designed to simulate a
real working experience you may find that you will need to spend some time
reflecting upon the scope and purpose of the report you are to produce and your
approach to the work that is to be undertaken. There is no one best way to
approach real-life work tasks such as these and it is expected that each
individual and team will develop different methodologies and responses to the
outlined tasks. The companies and Accounting firms discussed in the assignment
are not real companies.
Section 2: Individual Report

Word Limit: 1500 words (not including
letter of transmittal, executive summary, table of contents, references and
appendices)
Weighting: 30%
Individual Report
Requirements:

You
are required to choose one of the
following countriesidentified by Tardis Ltd and prepare findings
regarding this country as outlined below:

1. Brazil .. this
is the country I have to write about

A maximum of 5 students in each seminar will be approved to
investigate each of the countries listed. Once you have chosen the country you
will investigate you need to seek approval from your seminar leader IN CLASS
(not via email etc).

Please note: the choice of
country to investigate is up to you but consideration should also be given to
the team report you will need to complete later. You must investigate the availability of appropriate resources before
deciding upon a country.

You
are required to present a written report to the partners of DA outlining
your findings regarding the following issues:

The financial accounting
reporting environment of your chosen country, with particular focus on the
following aspects of the countrys financial reporting environment:

i. Historical
Influences on financial reporting

ii. Cultural
influences on financial reporting and disclosure practices

iii. Current
influences on financial reporting and disclosure practices (eg. Harmonisation,
global financial crisis etc)
Your discussion should
incorporate relevant accounting theories into your discussion.

Marks will be
allocated on the basis of the following submitted deliverable (please also
refer to marking rubric):

A formal business report
including:

Signed
RMIT Coversheet
Blank
copy of the Marking Rubric (available from learning hub)
Letter
of Transmittal or memorandum
Executive
Summary
Table
of contents
Introduction
(including purpose, scope, limitations and assumptions
Findings
Conclusion
List
of References

Your report MUST be submitted to Turnitin and in hardcopy by
5pm on the due date. The hardcopy must have an RMIT coversheet and originality
report attached, completed and signed or it will be returned, unmarked and late
penalties will apply.

In addition, all assignments must also be submitted
electronically via MyRMIT. Once you have received your originality report you
must submit a word (.doc) version of this originality report in MyRMIT (you
will find the link for this submission in the WIL assignment tab).

The
following assessments involve Work Integrated Learning (WIL) activities. The
focus of RMITs WIL policy is for you to learn by doing in context and with
feedback in realistic contexts. In Accounting Theory, this assessed WIL
experience makes a significant contribution to development of your work-readiness capabilities by
deepening your knowledge of, and skills at, core accountancy practices
concerning the practical application of contemporary financial accounting
regulation in the workplace.You and your future team members are graduate employees of a
public accountancy firm, Doctor Accounting (DA).You will work individually and as a team to produce a report
and a presentation for DA responding to the following brief:Background:Tardis LTD (an Australian company) is a client of Doctor
Accounting (DA). Tardis Ltd is involved in the development and distribution of
Web 2.0 technologies for the Education sector. At present, Tardis Ltd is listed on the Australian Stock
Exchange and DA has been providing both Audit and non-audit services to Tardis
Ltd for the past five years.Tardis Ltd is currently seeking expansion opportunities for
its core business competencies. Tardis advises that one of its core
competencies is the research and development of online distance education
technologies for use by educational facilities in regional and remote areas.
The company has already completed extensive marketing research seeking new
opportunities for the international placement of a research and development
hub. As a result of this research the company has identified a number of
countries that would potentially be a suitable site for the formation of a
publicly listed subsidiary. Tardis has not made a final determination as to whether
these expansion projects will go ahead and as part of its research it has
sought the services of DA. It has asked DA to provide reports outlining the
financial reporting and disclosure issues that might arise if they decided to
list their subsidiary on the foreign exchanges of the potential countries it
has identified.Your supervisor, Miss Amy has provided you with detailed
requirements for an individual report that is to be produced by you in section
2 below. The report requirements have been tailored by Miss Amy to meet the
perceived needs of Tardis Ltd and the scope of your report should be limited to
the issues outlined below. Miss Amy has further provided instructions for a
team presentation that is to be produced in section 3 below.Before starting your research, I highly recommend that you
visit the following site: .rmit.edu.au/isearch/””>http://emedia.rmit.edu.au/isearch/
and complete the interactive tutorials which will assist you in locating
relevant academic references such as journal articles etc for your report.Please Note: As these reports are designed to simulate a
real working experience you may find that you will need to spend some time
reflecting upon the scope and purpose of the report you are to produce and your
approach to the work that is to be undertaken. There is no one best way to
approach real-life work tasks such as these and it is expected that each
individual and team will develop different methodologies and responses to the
outlined tasks. The companies and Accounting firms discussed in the assignment
are not real companies.Word Limit: 1500 words (not including
letter of transmittal, executive summary, table of contents, references and
appendices)Weighting: 30%Individual Report
Requirements:1. Brazil .. this
is the country I have to write aboutA maximum of 5 students in each seminar will be approved to
investigate each of the countries listed. Once you have chosen the country you
will investigate you need to seek approval from your seminar leader IN CLASS
(not via email etc).Please note: the choice of
country to investigate is up to you but consideration should also be given to
the team report you will need to complete later. You must investigate the availability of appropriate resources before
deciding upon a country.The financial accounting
reporting environment of your chosen country, with particular focus on the
following aspects of the countrys financial reporting environment:
i. Historical
Influences on financial reporting
ii. Cultural
influences on financial reporting and disclosure practices
iii. Current
influences on financial reporting and disclosure practices (eg. Harmonisation,
global financial crisis etc)Your discussion should
incorporate relevant accounting theories into your discussion.Marks will be
allocated on the basis of the following submitted deliverable (please also
refer to marking rubric): A formal business report
including:Your report MUST be submitted to Turnitin and in hardcopy by
5pm on the due date. The hardcopy must have an RMIT coversheet and originality
report attached, completed and signed or it will be returned, unmarked and late
penalties will apply. In addition, all assignments must also be submitted
electronically via MyRMIT. Once you have received your originality report you
must submit a word (.doc) version of this originality report in MyRMIT (you
will find the link for this submission in the WIL assignment tab). “