200101 UEH Qtr 3 - 2016 Individual Assignment Guidelines © Copyright Western Sydney University, 2016 No part of this publication may be reproduced or transmitted in any form or by any means, electronic or mechanical, including photocopying, recording, or by any information storage and retrieval system, without the prior written permission from the Dean, School of Business. Copyright for acknowledged materials reproduced herein is retained by the copyright holder. All readings in this publication are copied under license in accordance with Part VB of the Copyright Act 1968.Individual assignment guidelines The following is a hypothetical case study where you are given an ethical problem and asked to work through the issues presented by the case study. In order to help you address the assignment requirements, please refer to 'The Resources list to assist you' on page 4 below. The case study: Li is a qualified professional accountant who is a tax manager in a 6 partner firm in Sydney's western suburbs. Her clients consist of individuals and small / medium sized businesses where she handles their taxation and superannuation affairs. Joe, an old school friend, who has just moved from Brisbane to Sydney, recently contacted Li. Joe owns and operates Casa Joe, a thriving café in Brisbane. Joe plans to open a Casa Joe café in Sydney. He also plans to establish Casa Joe as a franchise business opportunity. Joe has asked Li to prepare the 2016 tax return for himself, his business (which operates through a company called Casa Joe Pty Ltd) and his superannuation fund, Casa Joe Superannuation Fund. Joe's taxation affairs have previously been handled by a firm of Accountants in Brisbane. In addition, Joe has asked Li to prepare a business plan and budget for his bank to assist him in obtaining finance to establish the Casa Joe café in Sydney, and to liaise with the bank to ensure that adequate working capital to operate the new café is obtained. Joe has also asked Li to assist in preparing the legal agreements required for licensing and franchising the Casa Joe business. In reviewing the prior years' tax returns given to her by Joe, Li noticed the takings from the business seem very low. On questioning him about this, Joe admits to Li that he draws $500 a week in cash from the business, which he does not include in the café's takings. Joe confirms to Li that he has been doing this for the past 2 years and asks her to "turn a blind eye" and exclude the cash drawings from his revenue in the company's 2016 income tax return. School of Business 2Required: From the facts given in the above Case Study, Li has identified the following ethical principles/procedural issues she should consider. With reference to the APES 110 Code of Ethics for Professional Accountants and any miscellaneous professional statements discuss each issue setting out your answer as follows: Ethical/procedural issue Discussion (how the ethical principle / procedural issue applies to the case) Competence Objectivity Integrity Ethical behavior Superseding previous accountant Engagement letter Technical and professional standards Legal work Incorrect tax return – prior years Understanding income – current year Client evaluation / quality control Public interest Reference List: Includes any references you have used and cited in your report. You must use the Harvard referencing system as per the guide available from the University library website. (Note: the reference list is not included in the word count). 3 School of BusinessResources list to assist you 1. The 'Individual Assignment Marking Guide' on pages 8, 9 and 10 below. It is imperative you follow this marking guide in order to optimise the marks you may receive for this assignment. The marking guide shows what the marker will be looking for and what mark you will get if you reach certain levels of attainment. Print off a copy and use this to help you in your preparation. 2. Chapter 2 Business Sustainability of the textbook. Birt, J 2014, Accounting: business reporting for decision making, 5th ed, John Wiley and Sons Australia, Milton, Qld, pp. 40-75. 3. APES 110 Code of Ethics for Professional Accountants, Accounting Professional & Ethical Standards Board Limited ("APESB"), issued December, 2010 4. Websites of the professional accounting bodies, such as, CPA Australia, and The ICAA Australia. 5. The library resources link on vUWS and academic articles accessed via the library database. From library website >> e-Resources >> (scroll down to) Accounting >> select either ABI/INFORM or ACCOUNT. You can search using suitable keywords. 6. The library website at http://library.westernsydney.edu.au/main/guides/referencing-citation This will ensure you use the correct referencing approach. School of Business 4Submission information Assignment Submission This assessment task is to be submitted online via the Turnitin link within the 'Individual Assignment' folder in vUWS. This is an online only submission. The only acceptable file types are word files .doc or .docx. There is no need to attach a cover sheet or to hand a hardcopy of your assignment to your tutor. The deadline for you to submit your attempt at the 'Individual Assignment' is 11.59pm on Friday 9th September, 2016. You can still submit after this time, but your assignment will be marked as late and penalties may apply. When your assignment is successfully submitted you will receive a copy of the digital receipt in your Western Sydeny email account. Keep the digital receipt for your records as it is your proof of successful submission. On first submission to the assignment link an originality report will be generated within two minutes. Subsequent submissions will take up to 24 hours to receive a response. For links to videos outlining this process please see the Help and Further information section below. Student Submission guide http://library.westernsydney.edu.au/main/sites/default/files/pdf/Turnitin_Student_Instructions .pdf Note: You must use a desk-top or laptop computer to access grades and feedback (not an iPad or mobile phone device). Disclaimer All online submissions via Turnitin are presented with a declaration to students at each upload via the Turnitin interface. The declaration is: By submitting your work using this link you are certifying that: • You hold a copy of this assignment if the original is lost or damaged • No part of this assignment or product has been copied from any other student's work or from any other source except where due acknowledgement is made in the assignment • No part of the assignment/product has been written/produced for you by any other person except where collaboration has been authorised by the subject lecturer/tutor concerned • You are aware that this work may be reproduced and submitted to plagiarism detection software programs for the purpose of detecting possible plagiarism (which may retain a copy on its database for future plagiarism checking) Marks and feedback 5 School of BusinessYour assignment will be marked online. Once marking is completed, individual feedback and commentary on your assignment will be available from your Turnitin link or the My Grades section of your vUWS site. Please see videos from the link in Help and Further information listed below. You are encouraged to download a copy of your marked assignment with feedback for your records. Help and further information Information for students on how to submit an assignment into Turnitin, how to view and interpret their originality report, accessing assignment feedback via Turnitin/Grademark and FAQs for students is available here: http://library.westernsydney.edu.au/main/guides/turnitin/resources-for-students Format A submission of no less than 400 words and no more than 750 words is expected excluding the reference list. Submissions must be word processed in either Times New Roman or Arial font, 12 point and 1.5 spaced with a footer on each page including your name, student ID and page number. Late Submissions Late submissions will be penalised as per the University's policy document 'Assessment Policy – Criteria and Standards – Based Assessment'. In particular please see Clause (51) which states as regards 'Late Submission of Assessments': (51) Except where an extension has been approved for the submission of an assessment task by the unit coordinator, or in line with the University's Special Consideration Policy, the following penalties will apply to the late submission of an assessment task: 1. a student who submits an assessment task after the due date for submission will be penalised by 10% per calendar day up to 10 days, i.e. marks equal to 10% of the assignment's worth will be deducted as a 'flat rate' from the mark awarded for each calendar day the assignment is late up to 10 calendar days. Saturday and Sunday each count as one calendar day; and 2. the assessment will not be accepted after the marked assessment task has been returned to students who submitted the assessment task by the due date. School of Business 6School Business Page 7 Frequently Asked Questions What is being asked for? Are we on the right track? Making sure you understand what is being asked for is the first step! A good answer to a question that has not been asked is actually a bad answer! Reading Chapter 2 of the textbook would be a good starting point! In particular look at; the role of ethics in business, comparing ethical philosophies and approaches relevant to business decision making; the use of codes of ethical conduct and the fundamental principles of APES 110; the application of ethical decision- making methods to business situations; and combining issues relevant to ethics, regulation, sustainability and politics. What sort of language does this assignment require? Specialised terms, or "jargon", should be defined but everyday terms should not. Do not assume that your reader is an expert in the area being discussed, nor assume that they are entirely uneducated. How many references do we need? The reference list should contain only those resources that have actually been referred to (or "cited") in your answer. The quantity of references is not as important as the quality of your references, the relevance of your references and how the references are used in your assignment. Can we ask people we know and use their views and include it in the assignment? No. Use published sources only. Will our tutor (or other staff) read our drafts before we submit? No. We will give guidance but will not actually read (or proof-read) any reports in advance. Who should I ask if I have more questions? You should ask the Unit coordinator Graeme J. Mitchell as there may be other students who have the same questions and there is a need for consistency in advice. How does the assignment contribute to my assessment mark? This assignment is worth 15% of your total marks in the unit. You will be given a score out of 30 which will then be converted to a mark out of 15 for this assessment task.200101 Accounting Information for Managers 'I A' MARKING GUIDE CRITERIA UNSATISFACTORY MEETS EXPECTATIONS EXCEEDS EXPECTATIONS Competence No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Objectivity No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Integrity No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Ethical behavior No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Superseding previous accountant No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Engagement letter No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks School of Business 8200101 Accounting Information for Managers CRITERIA UNSATISFACTORY MEETS EXPECTATIONS EXCEEDS EXPECTATIONS Technical and professional standards No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Legal work No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Incorrect tax returns - prior years No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Understanding income – current year No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Client evaluation / quality control No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks Public Interest No / little relevant discussion Mostly relevant discussion A comprehensive and relevant discussion  0mk  1mk  2mks 9 School of Business200101 Accounting Information for Managers Qtr 3 2016 Addresses the clarity of the student's attempt at what was 'Required': CRITERIA UNSATISFACTORY NEEDS IMPROVEMENT MEETS EXPECTATIONS EXCEEDS EXPECTATIONS Referencing and paraphrasing using the "Harvard system". Refer to the University's Library website for details. In-text citation and/or paraphrasing and/or reference list missing or substantially incomplete In-text citation and/or paraphrasing and/or reference list have a number of errors Satisfactory in-text citation, paraphrasing and reference list, possibly with a few minor errors Excellent in-text citation, paraphrasing and reference list  0mk  1mk  2mks  3mks Uses clear prose style: sentence structure, grammar, and spelling Writing style is difficult to follow and/or contains many grammatical and/or spelling errors Writing style is unclear at times. Contains a number of grammatical and/or spelling errors Writing style is coherent, with possibly a few grammatical and/or spelling errors Writing is clear and error-free  0mk  1mk  2mks  3mks Not appropriate length/not within the word limit Outside the word limit i.e. more than 750 words OR less than 400 words Length is within the set word limit i.e. between 400 – 750 words  Minus 4mks No penalty School of Business 10