Assessment Brief

Module Code

Module Name Advanced Accounting Theory and Practice

Level
Six

Module Leader Doaa Aljamal

Module Code
ACC3002

Assessment title: Professional Report

Weighting: 40%
Please see NILE (Northampton Integrated Learning Environment)
Submission dates: under Assessment Information
Feedback and Please see NILE under Assessment Information
Grades due:

Please read the whole assessment brief before starting work on the Assessment Task.
The Assessment Task
You are a financial reporting advisor and requested to generate a financial reporting compliance
report for a listed company. You can choose ONE of the following companies:

International Airlines Group’, ‘IAG’ 2023 Hikma 2023

(press CTR key + Click to follow the link for each company’s annual report)

Once you have selected the company, you are required to use the financial report (available in the
annual report) and write a report analysing their financial reporting according to the IFRSs.

As part of your analysis (in more detail), you are required to find out the following:

1 - Calculate the compliance ratio of some general accounting policies according (As per section A
of the content analysis in the appendix of this assignment). Discuss the compliance ratio that you
found.
(20%)
2- Calculate the compliance ratio with some statements in International Accounting Standard 16:
Plant, Property, and Equipment (As per section B of the content analysis in the appendix of this
assignment). Discuss the compliance ratio that you found.
(30%)
3- Discuss only ONE significant accounting policy for the company such as revenue
recognition or the basis of consolidation or deferred taxes or intangible assets, effect of COVID-19
on impairment tests, etc.
(30%)
4- Discuss one key audit matter or the role of the external (Independent) audit report of your
chosen company.
(20%)
Word Limits
The maximum word limit for this assignment is 1600 words

Learning Outcomes
On successful completion of this assessment, you will be able to:
a. Demonstrate a high level of knowledge of the regulatory framework and the use and abuse
of accounting information.
b. Critically assess key accounting policies and practices within corporate accounting.
e. Select and apply complex information and report in accordance with professional
guidelines.
f. Communicate numerate and qualitative information effectively at a more advanced level to
a wider audience.

Your grade will depend on how well you meet these learning outcomes in the way relevant for this
assessment. Please see the final page of this document for further details of the criteria
against which you will be assessed.
Assessment Support
Specific support sessions for this assessment will be provided by the module team and notified
through NILE. You can also access individual support and guidance for your assessments from
Library and Learning Services. Visit the Skills Hub to access this support and to discover the online
support also available for assessments and academic skills.

Academic Integrity and Misconduct

Unless this is a group assessment, the work you produce must be your own, with work taken from
any other source properly referenced and attributed. This means that it is an infringement of
academic integrity and, therefore, academic misconduct to ask someone else to carry out all or some
of the work for you, whether paid or unpaid, or to use the work of another student whether current or
previously submitted.

For further guidance on what constitutes plagiarism, contract cheating or collusion, or any other
infringement of academic integrity, please read the University’s Academic Integrity and Misconduct
Policy. Other useful resources to help with understanding academic integrity are available from
UNPAC - the University of Northampton’s Plagiarism Avoidance Course.

N.B. The penalties for academic misconduct are severe and include failing the assessment,
failing the module and even expulsion from the university.

Assessment Submission
To submit your work, please go to the ‘Assessment and Submission’ area on the NILE site and
use the relevant submission point to upload the assignment deliverable. The deadline for this is
11.59pm (UK local time) on the date of submission. Please note that essays and text-based
reports should be submitted as word documents and not PDFs or Mac files.

Written work submitted to TURNITIN will be subject to anti-plagiarism detection software. Turnitin
checks student work for possible textual matches against internet available resources and its own
proprietary database.

When you upload your work correctly to TURNITIN you will receive a receipt which is your record
and proof of submission. If your assessment is not submitted to TURNITIN, rather than a receipt,
you will see a green banner at the top of the screen that denotes successful submission.

N.B Work emailed directly to your tutor will not be marked.

Late submission of work
For first sits, if an item of assessment is submitted late and an extension has not been granted,
the following will apply:

 Within one week of the original deadline – work will be marked and returned with full
feedback and awarded a maximum bare pass grade.
 More than one week from original deadline – grade achievable LG (L indicating late).

For resits there are no allowances for work submitted late and it will be treated as a non-
submission.

Please see the Assessment and Feedback Policy for full information on the processes related to
assessment, grading and feedback, including anonymous grading. You will also find Guidance on
grades and resit opportunities from the main University website. Also explained there are the
meanings of the various G grades at the bottom of the grading scale including LG mentioned
above.

Extensions
The University of Northampton’s general policy about extensions is to be supportive of students
who have genuine difficulties in meeting an assessment deadline. It is not intended for use where
pressures of work could have reasonably been anticipated.

For full details please refer to the Extensions Policy. Extensions are only available for first sits –
they are not available for resits.

Mitigating Circumstances
For full guidance on Mitigating circumstances please go to Mitigating Circumstances where you
will find information on the policy as well as guidance and the form for making an application.
Please also see Extensions & Mitigating Circumstances guide 22_23 that compares your options.

Please note, however, that an application to defer an assessment on the grounds of mitigating
circumstances should normally be made in advance of the submission deadline or examination
date.

Feedback and Grades

These can be accessed through clicking on the “Gradebook” on NILE. Feedback will be provided
by a rubric with summary comment
Appendix (1)
Appendix (2)

Compliant
(1) / not
compliant
Item (0)
A- Accounting Policies (The company disclosed the following:)
A1- The Reporting Entity:
The reporting entity is declared and clear for the investor
The company's legal form (Ltd or Plc.) is clear for the investor
A2- A statement to clarify the Compliance with IFRSs and interpretation IFRICs
A3- Basis of Preparation (The company disclosed the following):
The convention (measurement model) of financial statements' preparation (historical
cost or fair value) for every item
The company's reporting currency and the rounding level of values.
Adopting the going concern basis according to valid reasons or considerations
A4- Accounting Policies:
In consolidation for groups case, the company clarified the basis of consolidation
In consolidation for groups, the company provides the definition of a subsidiary in
accordance with IFRS 10
In the case of associates, the company clarifies the interests in associates.
The company clarifies the revenue recognition basis
Average %
B- International Accounting Standards 16: Plant, Property, and Equipment
B1- The company allocate the PPE cost according to the component approach (This
item is checked under PPE related disclosure)
B2- The company discloses the subsequent measurement model (historical cost or Fair
value model) - (This item is checked under PPE related disclosure)
B3- The company uses the measurement model for the entire class of PPE (This item is
checked under PPE related disclosure)
B4- The company has an ability to change the measurement model only in certain
circumstances (This item should be checked under accounting policies)
B5- If the company changed the measurement model, then, it deals with it in
accordance with IAS 8 changes in policies. (This item should be checked under
accounting policies)
B6- Under the historical cost model, the asset is carried at its cost less accumulated
depreciation less any impairment losses (This item is checked under PPE related
disclosure)
B7- the company discloses the depreciation method for each category which suits a
systematic basis over its useful life to reflect the pattern of the expected economic
benefits.
B8- The depreciation method is reviewed for its suitability at least at the end of each
the financial year.
B9- Any change in the depreciation method would be accounted as a change in
estimates prospectively according to IAS 8
B10- The company does not depreciate lands (This item is checked under PPE related
disclosure)
B11- The company separates the lands and properties for the depreciation purposes
(This item is checked under PPE related disclosure)

6
 B12- The asset would be reported under the revaluation model only in certain
circumstances
B13- Under the revaluation model, the asset is carried at its fair value at the date of
revaluation less any subsequent accumulated depreciation less subsequent
impairment losses (This item is checked under PPE related disclosure)
B14- The company defines the fair value as (the amount for which an asset could be
exchanged between knowledgeable, willing parties in an arm's length transaction).
B15- The fair value is determined on market-based evidence by appraisal normally
undertaken by professionally qualified valuers.
B16- The fair value is checked on a principle that revaluations must be sufficient
regularity such as the carrying amount of the asset does not materially differ from fair
value.
B17- The company discloses the useful life
B18- The company discloses the cost for each category of PPE.
B19- The company discloses the accumulated depreciation for each category of PPE
B20- The company discloses the depreciation amount for the financial year for each
category of PPE
B21- The company discloses any additions or disposals for each category of PPE
Average %