Accounts-AW307 online

Accounts-AW307 Online Services

Advanced Accounting

IAS 16 Property, Plant and Equipment outlines the accounting treatment for most types of property, plant and equipment. Property, plant and equipment is initially measured at its cost, subsequently measured either using a cost or revaluation model, and depreciated so that its depreciable amount is allocated on a systematic basis over its useful life.

IAS 16 was reissued in December 2003 and applies to annual periods beginning on or after 1 January 2005.

Required

Study the financial statements of various companies listed on the Muscat Securities Market and select one listed company. Write a report covering following

Introduction, objective and recognition criteria of IAS 16 Property, Plant and Equipment.
Characteristics of depreciation

Need for depreciation
Basic factors considered for determination of method of depreciation

Analyse and comment on the appropriateness of method of depreciation chosen. Also bring out the rates at which depreciation is charged for various classes of assets
Will there be a significant impact on the financials if a different method is chosen? (illustrate with a numerical example)

Details of noncurrent assets including a discussion on details such as original cost, disposals, additions as well as current and accumulated depreciation and net book value of various classes of noncurrent assets.

The above discussions should be supported with relevant academic literature.

You will be assessed on the following areas

Grading Criteria	Max. Marks	Marks Given
Understanding/coverage of theoretical concepts	35%
Analysis of information and application of IAS 16 principles	35%
Language and clarity	10%
Completeness of tasks	10%
Information research & referencing (Harvard Style)	10%

Instructions

Your work will be graded on the following aspects

This is an individual report.

The assignment MUST be submitted on-line (through MOVE) on or before 05-04-2015.

Your assignment shall reflect the depth and breadth of your original analyses in a clear and coherent manner.

Any reference to authors and other writers shall be quoted with due acknowledgement in your assignment report using the Harvard Referencing System. For details of Harvard referencing style refer the student’s hand book 7.2 of section VII, page 16.

This is an individual assignment and carries a 50% weighting of the module grade.

This assignment follows an a report format must be original and creative. An analytical piece of work is required. The use of ‘cut and paste’ approach will be penalized. It must be presented in a structured manner, with appropriate cover page, content page, introduction, body (with appropriate heading / sub-headings), conclusion, references, page numbered and any required appendices.

Your report should be word processed and professionally presented. The length of your report should not exceed 2000 words (+/- 10%), presented in text of font size 12 with 1.5 line spacing. Please state the exact word count at the end of the assignment.

The cover page should be attached with the assignment and uploaded through MOVE (on-line. Name of the student, The Programme, Module Title, Assignment Title and number of words must be reflected on the cover sheet.

All assignments must be adhered strictly to the deadlines specified by Majan College. Failure to hand in the assignment for any reason and without prior approval and a valid written extension from the module tutor will not be marked and will be awarded a grade G (0) irrespective of the quality of the work. See students’ handbook. 4.4 of section IV, page 41.

You can read more about our case study assignment help services here.

How it Works

How It works ?

Step 1:- Click on Submit your Assignment here or shown in left side corner of every page and fill the quotation form with all the details. In the comment section, please mention Case Id mentioned in end of every Q&A Page. You can also send us your details through our email id support@assignmentconsultancy.com with Case Id in the email body. Case Id is essential to locate your questions so please mentioned that in your email or submit your quotes form comment section.

Step 2:- While filling submit your quotes form please fill all details like deadline date, expected budget, topic , your comments in addition to Case Id . The date is asked to provide deadline.

Step 3:- Once we received your assignments through submit your quotes form or email, we will review the Questions and notify our price through our email id. Kindly ensure that our email id assignmentconsultancy.help@gmail.com and support@assignmentconcultancy.com must not go into your spam folders. We request you to provide your expected budget as it will help us in negotiating with our experts.

Step 4:- Once you agreed with our price, kindly pay by clicking on Pay Now and please ensure that while entering your credit card details for making payment, it must be done correctly and address should be your credit card billing address. You can also request for invoice to our live chat representatives.

Step 5:- Once we received the payment we will notify through our email and will deliver the Q&A solution through mail as per agreed upon deadline.

Step 6:-You can also call us in our phone no. as given in the top of the home page or chat with our customer service representatives by clicking on chat now given in the bottom right corner.

Case Approach

Scientific Methodology

We use best scientific approach to solve case study as recommended and designed by best professors and experts in the World. The approach followed by our experts are given below:

Defining Problem

The first step in solving any case study analysis is to define its problem carefully. In order to do this step, our experts read the case two three times so as to define problem carefully and accurately. This step acts as a base and help in building the structure in next steps.

Structure Definition

The second step is to define structure to solve the case. Different cases has different requirements and so as the structure. Our experts understand this and follow student;s university guidelines to come out with best structure so that student will receive best mark for the same.

Research and Analysis

This is the most important step which actually defines the strength of any case analysis. In order to provide best case analysis, our experts not only refer case materials but also outside materials if required to come out with best analysis for the case.

Conclusion & Recommendations

A weak conclusion or recommendations spoil the entire case analysis. Our expert know this and always provide good chunks of volume for this part so that instructors will see the effort put by students in arriving at solution so as to provide best mark.

Related Services

Additional Guidelines

The Assignment Submission link on MOVE will be open, a week ahead of the submission date.
You can submit your assignment multiple times, till the submission deadline. Note that Turnitin could take upto 24 hours to produce similarity reports for submissions.

The last submission, within the deadline, will be considered as your final submission.
Assignments should be submitted by 6 pm on the day of the deadline. There is a grace period until midnight to allow for technical difficulties, but any assignment submitted after this will be considered as a late submission. Technical problems will not be accepted as an excuse for a late submission.

The similarity percentage of your final submission will be one of the factors considered, for assessing the originality of your assignment. However, the decision to report an assignment for plagiarism is taken by the Lecturers, who mark your assignment.

The Lecturers will consider a number of factors such as Assignment type, part of the assignment where similarity occurs, nature of similarity etc., along with the similarity percentage of your assignment to assess the originality of your assignment. Therefore, similarity percentage would not be accepted as a basis for disputing academic judgments regarding plagiarism.

Note that the similarity percentage of your submission can change till the submission deadline, if the submissions of other students have similarity to your assignment. Therefore, the similarity percentages are not final, till the assignment submission is closed.

Advanced Accounting Assignment Guidelines

Introduction: Start with an introduction which effectively brings out the concept and importance of definition in today’s contemporary world

Task 1: Introduction, Objective and Recognition Criteria

The students will be expected to cover the following points when composing the report. The discussions can include but need not be limited to the following

Objective of IAS 16
Recognition – what is the criteria that is used for an asset to be recognised as a depreciable NCA in the FS.

Task 2: Characteristics of Depreciation

Write here at least 6/8 main characteristics of depreciation such effect of depreciation, on the value, duration, reason, effect on financials etc with reference to academic literature and properly referenced .

Task 3: Need for Depreciation

Write here at least 2/3 reasons for providing depreciation such as calculation of accurate profits, accurate valuation of NCA’s, providing for replacement etc with reference to academic literature and properly referenced.

Task 4: Factors considered for determination of method of depreciation

Write here at least 4/5 factors that are considered for determination of method of depreciation such as original cost, useful life, scarp value, local regulations, technological obsolescence etc

Task 5

Study the financial statements of your chosen organisation and write a report analysing and commenting on the appropriateness of the chosen method of depreciation. Also bring out the rates at which depreciation is charged for various classes of assets and why this rate has been chosen by the business.

Task 6

Write a brief report analysing the impact on both financial statements if a different method is chosen.

You must support with numerical example bringing out the exact impact on Statement of CI and statement of FP using alternate methods.

Task 7

Study the financial statements of your chosen organisation and write a report bringing out the details of noncurrent assets including a discussion on details such as original cost, disposals, additions as well as current and accumulated depreciation and net book value of various classes of noncurrent assets.

Product code: Accounts-AW307

Looking for best Accounts-AW307 online ,please click here

Summary