Page 1 Kaplan Business School Assessment Outline
Assessment 3 Information
Subject Code: ACCM4200
Subject Name: Advanced Financial Accounting
Assessment Title: Assessment 3
Assessment Type: Individual Assignment and Video presentation
Weighting: 20 %
Total Marks: 20
Submission: Via Turnitin-written report; Via Moodle-video presentation
Due Date: Tuesday of Week 10 at 19:55 AEST
Your Task
• You are required to prepare a business letter to answer all of the following questions.
• You are also required to prepare a short video presentation (3 to 5 mins) summarising the
key issues you have addressed in your letter.
Assessment Description
Assume that you are a team of graduate accountants working for Avatar Group Ltd, a public
accounting firm Situated at 777 Avenue, Melbourne, VIC 3000. The Manager of your firm, Ms.
Julia Roy has asked you to draft a letter in response to an email received from a client – Mr. Mike
Dixon, the Managing Director of Dixon Ltd, raising several accounting issues – see the copy of
the email on the next page.
The maximum length for the body of the letter is 1,000 words. You should address all the
technical issues/discussion in the letter, followed by a Reference List.
• Part A: Technical component 10% - This mark covers the technical content of your advice
and the explanation on each of the issues, the calculations, and the sources used.
• Part B: Communication Skills – Letter Writing 5% - This mark covers the generic skills of
Letter writing; layout, clear meaning, structure and organisation, appropriate tone and
grammar, spelling, and punctuation, etc. throughout the whole assignment.
• Part C: Communication Skills – Video Presentation 5% - You have to prepare a 3-5 minute
video presentation that will keep the audience engaged; the presentation should be wellrehearsed and supplementary material, such as slides and visual aids must be of a
professional standard.
Page 2 Kaplan Business School Assessment Outline
Re: Accounting Issues: Year Ending 30 June 2020
From: Mike Dixon (mdixon@dixonltd.com.au)
Sent: 15 June 2020
To: Julia Roy (Julia.Roy@Avatargroup.com.au)
Dear Julia
Thank you for your phone call this morning, as agreed I am emailing you regarding the accounting issues we
briefly discussed. By the way to assist the accounting team in our decision-making process could you please
make sure you reference any relevant sources relating to your advice, for example, AASBs, Corporations Act,
and relevant websites.
Here is the background to our problem - as you know, Dixon Ltd is a leading company in the sale of frozen and
canned fish produce. These products are sold under two brand names. Fish caught in southern Australian
waters are sold under the brand ‘Ocean Fresh’, which is the brand the company developed when it commenced
operations and which is still used today. Fish caught in the northern oceans are sold under the brand name
‘Salty Taste’, the brand developed by Nemo Ltd.
Dixon Ltd acquired all the assets and liabilities of Nemo Ltd a number of years ago when it took over that
company’s operations.
Dixon Ltd has always marketed itself as operating in an environmentally responsible manner, and is an
advocate of sustainable fishing. The public regards it as a dolphin-friendly company as a result of its previous
campaigns to ensure dolphins are not affected by tuna fishing.
The marketing manager of Dixon Ltd has noted the efforts of the ship, the Panamax, to disrupt and hopefully
stop the efforts of Japanese whalers in the Pacific Ocean and the publicity that this has received. He has
recommended to the board of directors that Dixon Ltd strengthen its environmentally responsible image by
guaranteeing to repair any damage caused to the Panamax as a result of attempts to disrupt the Japanese
whalers. He believes that this action will increase Dixon Ltd.’s environmental reputation, adding to the
company’s goodwill. He has told the board that such a guarantee will have no effect on Dixon Ltd.’s reported
profitability. He has explained that, if any damage to the Panamax occurs, Dixon Ltd can capitalise the resulting
repair costs to the carrying amounts of its brands, as such costs will have been incurred basically for marketing
purposes. Accordingly, as the company’s net asset position will increase, and there will be no effect on the
statement of profit or loss and other comprehensive income, this will be a win-win situation for everyone.
The chairman of the board knows that the marketing manager is very effective at selling ideas but knows very
little about accounting. The chairman has, therefore, asked me to provide him with a summary advising the
board on how the proposal should be accounted for under the Financial Reporting Standards and how such a
proposal would affect Dixon Ltd.’s financial statements.
Please respond by letter (not email) as I would like to present this to the Board. I look forward to hearing from
you shortly.
Regards
Mike Dixon
Managing Director, Dixon Ltd
Level 20, 555 Queen Street,
Adelaide SA 5000
Page 3 Kaplan Business School Assessment Outline
Assessment Instructions
• The assignment (both the word document and the video file) will need to be submitted
electronically through the student portal – use the link under “Assessments”.
Referencing
• Any sources that you use need to be acknowledged in order to avoid plagiarism.
Information on referencing can be found in the Guidelines for Referencing and
Presentation at the Kaplan website using the following address:
(https://elearning.kbs.edu.au/mod/page/view.php?id=128881).
In‐Text Referencing and the Reference List
• Sources of information must be cited both in the body of the text (in‐text referencing) and
the end of the assignment (reference list). Failure to do so will result in penalties.
Remember that when referencing an Annual Report, it is a corporate document that does
not have a particular author but it will still require referencing any time you use information
from it. Any other documents or books or other references you use will also require
referencing.
Please note
• Any work which has been copied or shared between students will result in a Fail grade for
all students concerned. Therefore, please make sure that the answer to this assignment is
your work and not copied or bought from any source. In completing this assignment make
sure you follow the guidelines for assignments especially those relating to the presentation
of written work, late assignment policy and academic integrity.
Page 4 Kaplan Business School Assessment Outline
Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences
of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct
Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties?
How can I appeal my grade?
Click here for answers to these questions:
http://www.kbs.edu.au/current-students/student-policies/.
Word Limits for Written Assessments
Submissions that exceed the word limit by more than 10% will cease to be marked from the point
at which that limit is exceeded.
Study Assistance
Students may seek study assistance from their local Academic Learning Advisor or refer to the
resources on the MyKBS Academic Success Centre page. Click here for this information.