How to write this assignment? How should I organize the answer?

ACCT 2011 Financial Accounting A Semester 2, 2016 Group Assignment Due: 5 pm Friday 23 September 2016 Instructions and information The group assignment is to be completed in groups of three or four students. Each student must be in only one group for the completion of the group assignment. It is not necessary for students within a group to attend the same lecture stream or tutorial group. A penalty of 20% of the maximum will apply for each member of the group in excess of four. E.g., a group of six will attract a penalty of 20% and a group of six, a penalty of 40%. Penalties apply for groups with fewer than three members as follows: two members, a penalty of 20%; one member, a penalty of 40%. Each group member is expected to be involved in the preparation, drafting, proofing and checking of all aspects of this group assignment including ensuring no breaches of academic honesty. Members will be held jointly responsible for the entire submission and awarded the same merit mark. In the event of a breach of academic honesty the penalty will apply to all group members irrespective of which member(s) caused the breach. Solutions to this group assignment should not exceed 1,400 words excluding Part C and the reference list. Please check the word count and record it at the end of your assignment. Answers are to be 12 point font (either Times Roman or Arial) and paragraphs formatted with 1 or 1.5 line spacing and with margins not less than 2.5cm. Students should refer to the University of Sydney Business School Referencing Guide for further information and expectations about consistent referencing: https://blackboard.econ.usyd.edu.au/modules/_2505_1/BSRG_11ed%281%29.pdf The group assignment must be submitted by 5pm Friday 23 September 2016. If you submit it after the due date, a late penalty of 10% per day, or part thereof, including weekends, will be applied. No group assignment will be accepted after the closing date of 5pm 4 October 2016. An AF grade will be awarded. If necessary, students are advised to refer to the special consideration advice contained in the Administration Manual for Students on the Faculty website: http://sydney.edu.au/business/currentstudents/student_information 2 The group assignment must be submitted in electronic form (through the Blackboard 'turnitin' assignment submission option included within the 'assessment' folder). Please submit your group assignment only once from one student in your group. You are required to prepare assignments for submission using specific formatting rules. In the header of your group assignment you must show the SIDs of all students in your group, separated by a comma. This is critical; as it is the only way we can identify who worked within which group. Failure to do this will mean we will not be able to assign you a grade. Contrary to the requirements of the Turnitin manual on blackboard, we require that your file name is composed of: (1) the 9-digit SID of just the one student from your group who submits on behalf of everyone; (2) ACCT2011; (3) the semester; and (4) the year. For example the file name if the student number is 123456789 will be '123456789ACCT2011S12014'. The Turnitin manual suggests that you should also show a group number or name in the file name. We don't need you to create that number or a name; instead we just want the SID of the submitting student as noted above. We will manually assign each group a number when we subsequently print the assignments. Other guidance on how to submit using Turnitin is also provided in the assessment folder on our ACCT2011 blackboard site. We will then note all the other students from the information you have also put into the header. 3 Your group assignment will be marked out of 15 as shown in the assessment criteria below. Please note this assessment criteria is one of the primary feedback sources for your group assignment. ACCT2011 Group Assignment Marking Schedule Group Number: Key to rating: A excellento problems accurate/very appropriate C fair/some problems fairly accurate/reasonably appropriate B good/minor problems mainly accurate/largely appropriate D poor/major problems inaccurate/inappropriate CONTENT A B C D Notes Part A Thorough understanding of the specific transaction Analysis of the relevant financial reporting requirements Synthesis of material Accuracy and substance of argument Strength and thoroughness of exploration Part B Ability to reflect the arguments of the author Ability to develop a considered opinion to a stated view Analysis of the relevant financial reporting requirements Strength and thoroughness of exploration Synthesis of material. Accuracy and substance of argument. Argument flows logically. Evidence of extensive reading Citation used effectively to explain argument /13 PRESENTATION Clear expression, structure and readability Correct spelling, grammar and punctuation The length of the assignment meets requirements (not excessive or insufficient) Correct referencing style TOTAL A B C D Notes /2 /15 4 Grade Descriptors Due to the specific nature of this group assignment students are advised generic submissions will not score high marks as the assignment requirements will not be met. The following may be considered only a general indication, assuming consistency in quality of component parts. High Distinction Has addressed the purpose of the assignment comprehensively and imaginatively. The attempted solution substantially exceeds minimal requirements, and is consistent and coherent. It excels in substantive content and demonstrates professional communication skills. Distinction Has addressed the purpose of the assignment coherently and with some attempt to demonstrate imagination. The attempted solution substantially exceeds minimal requirements across most tasks and through effective communication demonstrates a strong understanding of the accounting issues and relevant accounting requirements. Credit Has addressed the main purpose of the assignment. The attempted solution exceeds minimal requirements across most tasks, e.g., correct technique but a small number of errors or omissions in application. Pass Some of the work is focused on the aims and themes of the assignment. A minimal standard is reached across various aspects of the task; for example, accounting treatments reflect an application of the appropriate technique but there are errors made in implementation. Fail Fails to address the task set. The task is not completed; the solution does not reflect an appropriate understanding of the question/assigned task. How can your group be more effective? Visit the Business school website on \"groupwork for students\" http://sydney.edu.au/business/learning/students/study_research_writing/groupwork 5 Group Assignment: Financial reporting considerations for liabilities arising from mining companies. Background On 20 June 2016, the Mineral Policy Institute (MPI), Australia released a research report titled \"Ground truths: Taking responsibility for Australia's mining legacies\