MAA363 Corporate Accounting - Trimester 1 2025

Assessment 2 Individual Assignment

DUE DATE AND TIME: Friday 9 May 2025 before 8 pm AEST

(Late penalty will apply to assignment submitted after due day)

PERCENTAGE OF FINAL GRADE: 15%

SUBMISSION: ONLINE only to Dropbox no hard copy to be submitted

DROPBOX OPEN: Friday 25 April 2025, 9:00 am AEST

DROPBOX CLOSE: Friday 16 May 2025, 8:00 pm AEST

Learning Outcome Details

Assessment Feedback

The results for this assignment will be published via CloudDeakin within 15 business days from the due date of assignment submission or the approved extension date, whichever is later.

Assignment Requirements

• You must use the excel proforma provided and save the file using the following file name: student id_MAA363_assignment 2, for example 123456789_MAA363_assignment 2. Please submit your answer document to the relevant drop box in the unit site.

• Please monitor CloudDeakin for any instructions/announcements.

• Students must correctly use the Harvard style of referencing (if any references are used).

• This is an Individual assignment (there is no group option).

• If you choose not to submit this assignment, you will score zero the marks cannot be added to the final examination result.

• The Dropbox will remain open for a certain period for late

• A penalty of 5% of marks per day will be Late submissions after 7 calendar days will not be marked as per Facultys Policy and will receive 0% for the task.

Late Submission

The following marking penalties will apply if you submit an assessment task after the due date without an approved extension: 5% will be deducted from available marks for each day up to seven calendar days, and work that is submitted more than seven calendar days after the due date will not be marked and will receive 0% for the task. Day means calendar day for electronic submissions.

The unit chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date.

Calculation of the late penalty is as follows: this is based on an assignment being due on a Friday at 8:00 pm.

• 1 day late: submitted after Friday 11:59 pm and before Saturday 11:59 pm 5%

• 2 days late: submitted after Saturday 11:59 pm and before Sunday 11:59 pm 10%

• 3 days late: submitted after Sunday 11:59 pm and before Monday 11:59 pm 15%

• 4 days late: submitted after Monday 11:59 pm and before Tuesday 11:59 pm 20%

• 5 days late: submitted after Tuesday 11:59 pm and before Wednesday11:59 pm 25%

Extensions

Extensions will only be granted for exceptional and/or unavoidable circumstances outside the students control. Students seeking an extension for an assignment prior to the due date should lodge a request through the Assessment Extension Tool with supporting documents. Application without supporting documents will be automatically declined. Requests for extensions will NOT be considered after 12 noon, [Friday 9 May 2025]. This is to ensure that teaching staff has sufficient time to assess the application and notify students of the outcomes. Students can plan accordingly after receiving the outcome. Applications for extensions after 12 noon 9^th May 2025 require University level special consideration and these applications must be submitted via StudentConnect.

Submission Instructions

• To submit the assignment to the dropbox under the Assessments tab, click the name of the Assignment folder that you want to submit an assignment to.

• Carefully read the instructions relating to the assignment criteria and

• Click Add a Note: You can upload a maximum of 250 MB file.

• Submit items from your computer/local Add a comment if required.

• Click

You will receive confirmation that your file submission was successful.

You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy.

Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism.

When you are required to submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment dropbox folder after upload, and check for, and keep, the email receipt for the submission.

Support

The Division of Student Life provides a range of Study Support resources and services, available throughout the academic year, including Writing Mentor and Maths Mentor online drop ins and the SmartThinking 24 hour writing feedback service at this link. If you would prefer some more in depth and tailored support, make an appointment online with a Language and Learning Adviser.

Referencing and Academic Integrity

Deakin takes academic integrity very seriously. It is important that you (and if a group task, your group) complete your own work in every assessment task. Any material used in this assignment that is not your original work must be acknowledged as such and appropriately referenced. You can find information about referencing (and avoiding breaching academic integrity) and other study support resources at the following website: http://www.deakin.edu.au/students/study-support

Your rights and responsibilities as a student

As a student you have both rights and responsibilities. Please refer to the document Your rights and responsibilities as a student in the Unit Guide & Information section in the Content area in the CloudDeakin unit site.

Student Guide to Using Generative AI including ChatGPT

Please see details at https://www.deakin.edu.au/students/study-support/study- resources/academic-skills/student-guide-to-using-generative-ai

Here are some guidelines to consider when using generative AI in your study and assessments:

• Make sure that the final product is your own work, and not just copied from an AI generator. You can use the generated text as a learning tool for inspiration or guidance, but the final submitted assessment must be your own work, creation, and analysis.

• You must acknowledge where generative AI tools have been used in an assessment. Ensure that you appropriately acknowledge any content generated by AI that you use in your work, and clearly indicate where you have used an AI-generated tool and to what extent. In addition, be aware of the Universitys Student Academic Integrity policy and your responsibility to follow it.

• Understand the risks and limitations of using such tools and critically evaluate any output they produce.

MAA363 T1 2025 Assessment 2 Assignment Instructions

This assignment relates to Week 5 Week 7 on Investment in subsidiaries/ consolidations

and requires the following to be submitted:

An excel workbook with the following five (5) sheets:

• Sheet 1: Background Information

• Sheet 2: Part A Acquisition Analysis

• Sheet 3: Part A Consolidation Journal Entries

• Sheet 4: Part A Consolidated Worksheet

• Sheet 5: Part B Discussion Question on Control

Required:

• Prepare the acquisition analysis at the date of

(Complete your answers in Sheet 2: Acquisition Analysis)

• Record the consolidated journal entries necessary to prepare consolidated accounts for the year ending 30/06/2024 for the group comprising the parent and the subsidiary

(Complete your answers in Sheet 3: Consolidated Journal Entries)

• Complete the consolidated worksheet for the year ending

-Entering the consolidated journal entries in Part (ii) above to the appropriate debit and credit columns in the Consolidated Worksheet; and

-Clearly labelling the references for each of the adjustments in the Consolidated Worksheet; and

-Completing the Group figures in the Consolidated Worksheet.

(Complete your answers in Sheet 4: Consolidated Worksheet)

• Camberwell Ltd owns 40% of the ordinary share capital of Horizon Ltd, providing it with the right to receive variable dividends. The other investors in Horizon Ltd comprise a number of small shareholders, none of whom holds more than 2% of votes and who have not entered collective arrangements. Camberwell Ltd.s management always attend general meetings of Horizon Ltd but representation of other members is historically less than 20% of shareholders.

Required:

IFRS 10 / AASB 10 Consolidated Financial Statements focuses on control as the key concept underlying the parent/subsidiary relationship and explains the circumstances in which an investor controls an investee according to IFRS 10 / AASB 10. Now, consider the case of Horizon Ltd, explain whether Camberwell Ltd should consolidate Horizon Ltd and justify your answers in accordance with IFRS 10 / AASB 10.

(Complete your answers in Sheet 5: Discussion Question)

(5 + 20 + 20 + 5 = 50 marks) Converted to 15% to the final grade.

IMPORTANT

Before you start the assignment, you must correctly enter your student ID on the background information sheet (Sheet 1 Background Information; Cell B2). Failure to do so will automatically be marked zero. Each student will be given a different set of values depending on their unique student ID as the following

• Please ensure your student ID is entered in correctly otherwise all data, and thus answers, will not correspond to your set of allocated transactions/questions.

• You must use the excel workbook provided in answering and submitting your Other formats will not be accepted, hence will be marked zero.

• All worksheets are protected. You are only permitted to write your answers in the designated answer Any attempts to change the format and layout of the instructions and/or answer boxes will receive an error message like this:

• Some Mac users may experience issues with the Excel Please use a Windows PC to complete your work if necessary.

• Not following any of the instructions in this document may result in a delay in the release of your results, a penalty of marks deducted, or zero mark

MAA363 Assignment 2 Consolidation Accounting Marking Rubric