Assessment Brief 2024/2025
Please make sure you carefully read and understand the question or task. If you have unanswered questions, please post these on the course Moodle Discussion Forum, and we’ll respond.
Assignment Information
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Course Code
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ACCFIN5013
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Course Title
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Financial Reporting and Interpretation
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Weighting
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30%
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Question release date
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20-01-25
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Submission date:
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Grades and Feedback to be released on:
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10-04-25
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Word limit
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2,500 words maximum
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Action to be taken if word limit is exceeded
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The grade awarded could reflect the fact that this requirement has not been met
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1. QUESTION/ DESCRIPTION OF ACTIVITY
Subject: Global IFRS adoption and practice (individual coursework assignment)
Context:
While “the globalisation of International Financial Reporting Standards (IFRS) has assumed greater importance” in recent years, … “without a consistent application of the IFRS, there can be no single global language of financial reporting” (Obradovic, 2014, pp. 231-232).
[Reference: Obradović, V., (2014). Inconsistent application of International Financial Reporting Standards. Economic Horizons. 16(3), pp.231-243].
Required:
With reference to the above statement, critically evaluate trends in the adoption and factors influencing the consistent application of IFRS globally.
1. FURTHER DETAILS
Your report should include an evaluation of:
1. Characteristics of IFRS as a global set of reporting standards.
2. Trends in IFRS adoption globally.
3. Factors influencing variations in national patterns of IFRS adoption, with examples (where appropriate).
4. Factors influencing consistent application of IFRS globally, with examples (where appropriate).
Your coursework should demonstrate meaningful reference to relevant literature and should be presented in the format of an essay with a maximum word length of 2,500 words excluding your appendix (if any) and reference list.
Note: This assignment is an individual project in order to demonstrate students’ ability to communicate clearly and appropriately via a written essay.
2. ASSESSMENT RUBRIC/ CRITERIA
This section is REQUIRED. Please see appendix A for a template rubric to complete, further templates are here.
An overall grade will be awarded on the basis of evidence of:
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Structure
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Effectiveness of Introduction including clear statement of aims and approach
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Development sections – quality/coherence of sections and logical progression through material
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Logical conclusions that relate to, and stem from, previous discussion
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Content
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Discussion of the characteristics of IFRS as a global set of reporting standards.
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Evaluation of trends in the adoption of IFRS globally
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Evaluation of factors influencing differences in national patterns of IFRS adoption
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Evaluation of factors influencing consistent application of IFRS globally
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Literature
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Identification and use of relevant literature
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Quality and breadth of reading
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Correct citation
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Presentation
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Style. and quality of written communication.
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Good essay structure including clarity and conciseness.
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Originality.
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Word count
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Essay within 2,500 words. If not, the essay does not meet length criterion, and the grade awarded could reflect the fact that this requirement has not been met.
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3. FEEDBACK METHOD
For this assignment, individual feedback will be provided via Moodle. Generic (class-level) feedback and grade profiles will be posted on Moodle.
Students can use academic staff office hours for additional feedback on your work