Your research essay must be submitted in week 10. Penalties will apply for late submission.

The following matters should be given particular attention:

Writing assignments must not exceed the word counts indicated. Double space your pages, use a 12-pt Times New Roman font, and use 2 cm margins on all four sides of your page.
Your essay must include an abstract/synopsis, introduction, essay body that clearly addresses the problem areas, a conclusion and a properly referenced bibliography. (refer to the research essay marking rubric for further guidance)
Evidence of extensive research beyond the prescribed text is required. Ensure these are referenced appropriately in your bibliography. Refer to the statement regarding plagiarism.
NO extensions will be granted unless supported by appropriate documentation prior to the due date.
This assignment must be handed in for successful completion of the course and will count 20 marks towards the final mark.
The word count for the research essay is 3000 words. Please refer to the Research Essay Marking Rubric for the specific allocation of word count for each specific section of your research essay (refer point 2 above).
Points (fractional marks) have also been allocated to each specific section of your research essay.
You must select a company from the Australian Securities Exchange Top 100 (ASX100) website and download the 2015 annual report. You cannot do the same company and preferably from different ASX sectors and should discuss their selection prior to commencing their research essay. No banks allowed.

RESEARCH ESSAY TOPIC

“Disclosure is required of a large number of specified items, subject to the frequent proviso that amounts which are not material need not be disclosed (separately). “Material” is defined as limiting the information required to those matters as to which an average prudent investor ought reasonably to be informed before purchasing the security registered.” Chambers, R. J., 1969, Accounting Finance and Management, Arthur Andersen & Co., p. 183.

The AASB / IASB continues to struggle with the concept of materiality. In relation to Chambers’ comment over 45 years ago undertake the following:

Select a company from the Australian Securities Exchange website and download the 2015 annual report. (MY selected company is CSR Australia, website: http://www.csr.com.au)

With reference to the above statement describe what you understand by the concept of materiality and provide examples from your selected annual report.
Discuss the problems of materiality in the context of the present AASB / IASB standards and framework using your selected annual report to provide examples.( 600 words)
Evaluate the issues of materiality in your selected annual report in the context of AASB / IASB standards and framework.
Comment on the relationship between the materiality employed in your selected annual report and the provision of decision useful information; provide examples from your selected annual report. (650 words.)

DO ONLY YELLOW MARKED QUESTIONS.AND PLEASE PLZ FOLLOW RESEARCH ESSAY MARKING RUBRIC which I attached in portal.

COMPANY WEBSITE, SUSTAINABILITY REPORT AND ANNUAL REPORT LINK:

http://www.csr.com.au

http://www.csr.com.au/~/media/corporate/files/sustainability-reports/sustainabilityreport2015_full.ashx

http://www.csr.com.au/~/media/corporate/files/annual-reports/2015_annual-report-for-31-march-2015.ashx

Prescribed textbook:

Deegan, C., (2012), Australian Financial Accounting, 7th edition, North Ryde: McGraw-Hill. ISBN: 9780071012409 (pbk)

Additional Resource:

Australian Accounting & Auditing Standards Online*, available at: http://www.ecompress.com/webaaas/webecp2/webaas1.htm?%20ln=UBAL%20AAAS%20SITE%20SUBSCRIPTION

Carnegie G, (2005) Case Studies: Financial Accounting and Disclosure, Southbank: Thomson

CPA Australia, (2012), CPA Accounting Handbook, Frenchs Forest: Pearson Australia OR ICAA (2012) Chartered Accountants Financial Reporting Handbook 2012, Milton: John Wiley and Son

Henderson, S., Peirson, G. and Herbohn, K., (2011), Issues in Financial Accounting, 14th edition, Frenchs Forest: Pearson Education Australia.
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Posted on May 16, 2016Author TutorCategories Question, Questions