Categories
Uncategorized

ACCTING 2501 Financial Accounting : Effectiveness Of Communication

$20 Bonus + 25% OFF

Securing Higher Grades Costing Your Pocket?
Book Your Assignment at The Lowest Price
Now!

Students Who Viewed This Also Studied

ACCTING 2501 Financial Accounting

Task:

Financial reporting implications of Coronavirus COVID-19.

Value: 20% of total assessments. 

Due date: Week 11 (Sunday the 23rd of May 2021 at 23.59pm Darwin time) 

Length: Maximum of 2000 words. 

Presentation: Online submission through Learnline.

Assessment Criteria: 

This task will generally be assessed in terms of the following criteria: 

1. Effectiveness of communication: readability, grammar, spelling, neatness, completeness and presentation. 

2. Demonstrated competency and understanding: This will be evidenced by the student’s ability to be dialectical in the discussion of contentious issues. The marker will pay attention to the accuracy of the content, coverage of relevant issues, structure of argument, English expressions, absence of plagiarism, concise writing style, and referencing style. 

3. Evidence of research – This will be evidenced by the references used and the inclusion of a bibliography. (At least 5 different references to be used). 

4. The assignment is marked out of 20 marks. A mark is assigned to each question as indicated below. Also, 2 marks are assigned for the overall submission requirements, presentation, references and language expressions.

Assignment Requirements: 

The coronavirus (COVID-19) pandemic has significantly affected businesses around the globe. This include interruption of production, businesses closures, reduced demands, and disruption to supply chains and to financial markets. These effects will have some impacts on financial reporting especially in the application of some IFRS/IAS/AASP standards.

In this assignment you are required to answer the following questions: 

1. List Eight accounting considerations that are impacted by the Coronavirus 2019 disease. (2 marks) 

2. Choose Five of the Eight you listed above and provide a brief explanation for each of these Five considerations (One paragraph for each). (Limit those Five to those that are discussed in our unit ACT 204. This means that you are not allowed to discuss those that were not covered in our unit). (5 marks) 

3. Choose Two of these Five and discuss them in detail as they relate to a public company of your choice. This means, you are to choose a public company and go through its financial report to understand its operations. Then, discuss the coronavirus impact on these two accounting considerations as they apply in the chosen company. (11 marks)

For example: 

Accounting for inventories (as an accounting consideration): (Not to be used in your answers) 

Accounting standards (IAS 2/ AASB 102) sets the guidelines for accounting for inventory. So by explaining initially how the standards apply to inventory, you then need to discuss the impact of COVID-19 on accounting for inventories for example on writing-down inventories due to lower prices, or inventory obsolescence due to lower sales of the company of choice.

You need to remember, that each company will be in a different situation than others depending on the different risks assessment as this vary based on locations, industry, and future evaluation of the economic lockdown and performance. Hence, your explanation needs to consider the risk assessment for your chosen company and its specific operating market. In this, you may consider, the location of your company, its suppliers, its customers, prices, shipment.

ACCTING 2501 Financial Accounting

Answer in Detail


Solved by qualified expert

Get Access to This Answer

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Hac habitasse platea dictumst vestibulum rhoncus est pellentesque. Amet dictum sit amet justo donec enim diam vulputate ut. Neque convallis a cras semper auctor neque vitae. Elit at imperdiet dui accumsan. Nisl condimentum id venenatis a condimentum vitae sapien pellentesque. Imperdiet massa tincidunt nunc pulvinar sapien et ligula. Malesuada fames ac turpis egestas maecenas pharetra convallis posuere. Et ultrices neque ornare aenean euismod. Suscipit tellus mauris a diam maecenas sed enim. Potenti nullam ac tortor vitae purus faucibus ornare. Morbi tristique senectus et netus et malesuada. Morbi tristique senectus et netus et malesuada. Tellus pellentesque eu tincidunt tortor aliquam. Sit amet purus gravida quis blandit. Nec feugiat in fermentum posuere urna. Vel orci porta non pulvinar neque laoreet suspendisse interdum. Ultricies tristique nulla aliquet enim tortor at auctor urna. Orci sagittis eu volutpat odio facilisis mauris sit amet.

Tellus molestie nunc non blandit massa enim nec dui. Tellus molestie nunc non blandit massa enim nec dui. Ac tortor vitae purus faucibus ornare suspendisse sed nisi. Pharetra et ultrices neque ornare aenean euismod. Pretium viverra suspendisse potenti nullam ac tortor vitae. Morbi quis commodo odio aenean sed. At consectetur lorem donec massa sapien faucibus et. Nisi quis eleifend quam adipiscing vitae proin sagittis nisl rhoncus. Duis at tellus at urna condimentum mattis pellentesque. Vivamus at augue eget arcu dictum varius duis at. Justo donec enim diam vulputate ut. Blandit libero volutpat sed cras ornare arcu. Ac felis donec et odio pellentesque diam volutpat commodo. Convallis a cras semper auctor neque. Tempus iaculis urna id volutpat lacus. Tortor consequat id porta nibh.

17 More Pages to Come in This Document. Get access to the complete answer.

MyAssignmenthelp.com helps students to cope up with any essay writing difficulty. We provide students required essay writing help at a reasonable price, so that students don’t need to spend time in searching, ‘who can do my essay perfectly’ or ‘can someone write my essay from scratch’. They can straight convey their requirements and buy essays for cheap . Despite providing essay help online at a reasonable price, we never compromise on the quality of the delivered papers.

More ACCTING 2501 ACCTING 2501 Financial Accounting: Questions & Answers

Wesfarmers

It’s a report about Wesfarmers. Basically it’s to analyze the annual report and make a really good analyzes on why they got that numbers, making a link with what is on news and that annual report. What is making the company having a profit/loss. It’ll be given more details in the file attached. Basi …

View Answer

Measuring Performance and Management Control Systems

Measuring Performance and Management Control Systems”” of  three  Australian banks ANZ,Commonwealth ,NABAs  we  are  three group members  so we making  report  on  three banks ANZ,NAB,Commonwealth bankThe REPORT component (LOc)   Eac …

View Answer

Management

You are to respond to the assigned research publication. You should research and analyse the assigned article and clarify, what you feel is the meaning behind that article, giving consideration to the various theories under the umbrella of the Public Interest Theory and what of the role of regulator …

View Answer

Business Management

Assignment task No. 1 Q1 Plagiarism (2 marks) What is plagiarism? Reference Internet sources. Why is plagiarism/collusion unfair to honest students? Q2 Pasting spreadsheets in doc files (2 marks) How can computer spreadsheets (e.g. Excel) be pasted into a word document showing rows and column headin …

View Answer

Content Removal Request

If you are the original writer of this content and no longer wish to have your work published on Myassignmenthelp.com then please raise the
content removal request.

Choose Our Best Expert to Help You

Liam Horan

Pursuing PhD in Mathematics with specialization in Probability and Statistics

470 – Completed Orders

Hire Me

Still in Two Minds? The Proof is in Numbers!

33845 Genuine Reviews With a Rating of 4.9/5.

Management

Assignment: 3 Pages, Deadline:
23 days

Good assignment and good support.It is important to review plagiarism and grammer

User ID: 3***11 Qatar

Finance

Assignment: 1 Page, Deadline:
3 days

This PowerPoint presentation is well-done. It fits well with this finance course and the individual did an excellent job. Thank you so much!

User ID: 8***35 Saint Louis, United States

Marketing

Assignment: 11.2 Pages, Deadline:
5 days

Good job done. The assignment is well written, can get higher grade if can provide more in-depth analysis on the topic

User ID: 8***66 Saint Louis, Hong Kong

Marketing

Home Work: 11 Pages, Deadline:
4 days

Overall well written essay, excellent and complete writing in one day, and the Expert prompt reply on comments

User ID: 8***66 Saint Louis, Hong Kong

HRM

Case Study: 8 Pages, Deadline:
6 days

Thanks for your effort. I appreciate it. I have grated 60, which is enough to pass.

User ID: 8***12 Dublin, Ireland

Finance

Home Work: 4 Pages, Deadline:
7 days

The excel formulas were perfect. But the explanation regarding the recommendation was subpar.

User ID: 5***90 Dublin, United States

Physics

Home Work: 1 Page, Deadline:
2 days

Wonderful as always! Very professional and knowledgeable! I love this experts work and always use them when it comes to Physics.

User ID: 6***06 Atlanta, United States

Healthcare

Assignment: 8 Pages, Deadline:
4 days

Really appreciate this work which help me to get 8.9 out of 10. i would like to express thanks to expert.

User ID: 5***91 Atlanta, Malaysia

Healthcare

Assignment: 12 Pages, Deadline:
7 days

Good work . it was help me lots. i got 6.5 out of 10 which is good score for me.

User ID: 5***91 Atlanta, Malaysia

Assignment

Essay: 5 Pages, Deadline:
3 days

amazing results, received a High grade thank you very much, appreciate the help. Can’t wait to have more assignments so you guys can help me.

User ID: 5***22 Atlanta, Switzerland

Assignment

Essay: 1 Page, Deadline:
3 days

Hello, Thanks for the quick delivery. And the job well done. looking forward to do more.

User ID: 5***06 Atlanta, Canada

Management

Essay: 4 Pages, Deadline:
4 days

Thanks for quick delivery. I will go through it and see what you have done. Yet to be graded

User ID: 5***06 Atlanta, Canada

Statistics

Course Work: 7 Pages, Deadline:
1 day

Great work- Job well done!! Work was completed before schedule.I Would highly recommend this service to others.

User ID: 8***59 Atlanta, United States

It Write Up

Assignment: 10 Pages, Deadline:
11 days

thank you a lot for helping me with the assignment and doing this so on time . you did exactly what i wanted you to do. i am very satisfied .

User ID: 8***43 Atlanta, Netherlands

Programing

Programming: 1 Page, Deadline:
10 days

thanks i had a good grade although it took so many back and forth i hope it wont happen again

User ID: 6***09 Atlanta, Philippines

Healthcare

Assignment: 1 Page, Deadline:
9 hours

Thanks for helping me understand my assignment and also helping me with the write up.

User ID: 8***87 Atlanta, United States

Accounting

Programming: 6.4 Pages, Deadline:
6 days

Excellent Service, Professional and Complete Writing. Will sure contact for further future assignments.

User ID: 8***38 Atlanta, Australia

Finance

Home Work: 2 Pages, Deadline:
3 days

Thankfully, I received one of the best marks awarded for the kind of work given. I am grateful to my assignment help team for their assistance

User ID: 2***85 Atlanta, Ghana

Business Law

Home Work: 1 Page, Deadline:
1 hour

Thank you for your service. Really appreciate that you make my assignment within time

User ID: 7***52 Atlanta, Canada

Management

Assignment: 2 Pages, Deadline:
7 days

Thank you Expert, my professor regraded my work and gave me a good grade this time. but he also mention that going forward i should be more detailed i …

User ID: 2***97 Upper Marlboro, United States

Management

Assignment: 3 Pages, Deadline:
23 days

Good assignment and good support.It is important to review plagiarism and grammer

User ID: 3***11 Qatar

Finance

Assignment: 1 Page, Deadline:
3 days

This PowerPoint presentation is well-done. It fits well with this finance course and the individual did an excellent job. Thank you so much!

User ID: 8***35 Saint Louis, United States

Marketing

Assignment: 11.2 Pages, Deadline:
5 days

Good job done. The assignment is well written, can get higher grade if can provide more in-depth analysis on the topic

User ID: 8***66 Saint Louis, Hong Kong

Marketing

Home Work: 11 Pages, Deadline:
4 days

Overall well written essay, excellent and complete writing in one day, and the Expert prompt reply on comments

User ID: 8***66 Saint Louis, Hong Kong

HRM

Case Study: 8 Pages, Deadline:
6 days

Thanks for your effort. I appreciate it. I have grated 60, which is enough to pass.

User ID: 8***12 Dublin, Ireland

Finance

Home Work: 4 Pages, Deadline:
7 days

The excel formulas were perfect. But the explanation regarding the recommendation was subpar.

User ID: 5***90 Dublin, United States

Physics

Home Work: 1 Page, Deadline:
2 days

Wonderful as always! Very professional and knowledgeable! I love this experts work and always use them when it comes to Physics.

User ID: 6***06 Atlanta, United States

Healthcare

Assignment: 8 Pages, Deadline:
4 days

Really appreciate this work which help me to get 8.9 out of 10. i would like to express thanks to expert.

User ID: 5***91 Atlanta, Malaysia

Healthcare

Assignment: 12 Pages, Deadline:
7 days

Good work . it was help me lots. i got 6.5 out of 10 which is good score for me.

User ID: 5***91 Atlanta, Malaysia

Assignment

Essay: 5 Pages, Deadline:
3 days

amazing results, received a High grade thank you very much, appreciate the help. Can’t wait to have more assignments so you guys can help me.

User ID: 5***22 Atlanta, Switzerland

Assignment

Essay: 1 Page, Deadline:
3 days

Hello, Thanks for the quick delivery. And the job well done. looking forward to do more.

User ID: 5***06 Atlanta, Canada

Management

Essay: 4 Pages, Deadline:
4 days

Thanks for quick delivery. I will go through it and see what you have done. Yet to be graded

User ID: 5***06 Atlanta, Canada

Statistics

Course Work: 7 Pages, Deadline:
1 day

Great work- Job well done!! Work was completed before schedule.I Would highly recommend this service to others.

User ID: 8***59 Atlanta, United States

It Write Up

Assignment: 10 Pages, Deadline:
11 days

thank you a lot for helping me with the assignment and doing this so on time . you did exactly what i wanted you to do. i am very satisfied .

User ID: 8***43 Atlanta, Netherlands

Programing

Programming: 1 Page, Deadline:
10 days

thanks i had a good grade although it took so many back and forth i hope it wont happen again

User ID: 6***09 Atlanta, Philippines

Healthcare

Assignment: 1 Page, Deadline:
9 hours

Thanks for helping me understand my assignment and also helping me with the write up.

User ID: 8***87 Atlanta, United States

Accounting

Programming: 6.4 Pages, Deadline:
6 days

Excellent Service, Professional and Complete Writing. Will sure contact for further future assignments.

User ID: 8***38 Atlanta, Australia

Finance

Home Work: 2 Pages, Deadline:
3 days

Thankfully, I received one of the best marks awarded for the kind of work given. I am grateful to my assignment help team for their assistance

User ID: 2***85 Atlanta, Ghana

Business Law

Home Work: 1 Page, Deadline:
1 hour

Thank you for your service. Really appreciate that you make my assignment within time

User ID: 7***52 Atlanta, Canada

Management

Assignment: 2 Pages, Deadline:
7 days

Thank you Expert, my professor regraded my work and gave me a good grade this time. but he also mention that going forward i should be more detailed i …

User ID: 2***97 Upper Marlboro, United States

Have any Query?

Get Homework Help Online From Expert Tutors

X
WeCreativez WhatsApp Support
Our customer support team is here to answer your questions. Ask us anything!
👋 Hi, how can I help?