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Moodle Assignment Link on the KOI Moodle
Sunshine Ltd is a large department store that has used the straight-line depreciation method since the company was first formed. For the year ended
30 June 2015, the company made a record profit and management expected
these high profits to continue at least into 2016 and 2017, although economists were generally predicting an economic slowdown and a subsequent fall in profits in 2018 and 2019. The general manager, Kam Sunshine, approached the accountant, Maria Mars, and asked her if she could find a way to reduce the profit in the next couple of years and transfer it to
2018 and 2019 when things may not be going so well. ‘This would give us
consistent profits over the next few years and keep our shareholders happy,’ said Kam. Although Maria did not feel that Kam’s reason for the change was justified, she was concerned that her contract with the company would not be renewed if she upset the general manager. After some consideration, Maria decided to change the depreciation method from the straight-line method to the sum-of-years’-digits method. Maria did not disclose this change in the notes to the financial statements as she felt that the reason given by Kam would not give a good impression
Submission: must be made to the Moodle Assignment Link on the KOI Moodle
Subject Home Page
A printed copy must be submitted to the Lecturer at the Week 9 Lecture to Assist with marking. All assignments must have a signed KOI Assignment Coversheet included with the submission.
Task Details: Based on the information provided, and using current theories
and models in Accounting, students need to analyse how they apply to the given situation. Specific research supporting recommendations need to be provided
Research requirements: Students need to support their analysis with reference to relevant material from the text and a minimum of eight (8) suitable, reliable, current and academically acceptable sources – this should include at least 2
peer-reviewed academic journal articles.
Presentation: 2000 +/- 10% word short report format.
Title page, executive summary, table of contents, appropriate headings and Sub-headings, recommendations/findings/conclusions, in-text referencing and Reference list (Harvard – Anglia style), attachments if relevant. Single spaced, Font Times New Roman 12pt, Calibri 11pt or Arial 10pt.