代写ACCT7102 Financial Accounting– Assignment Semester 1, 2025代做Python编程

ACCT7102 Financial Accounting- Assignment

Revenue Recognition at Stride Funding

Due Date for Submission: 12:00 Friday 2nd May 2025

(Weight: 25% of Final Grade)

Instructions

This assignment is designed to examine the application of Topic 6 revenue recognition and Topic 7 Assignment preparation and development. It will assess your report writing  skills, general accounting knowledge, and ability to critically evaluate complex case scenarios.

This assignment is to be completed on an individual basis and students should independently prepare their assignments.

Criteria & Marking

A full marking criteria sheet is available from Blackboard. Review the rubric carefully before you commence work to ensure you understand the requirements of the assessment and how it will be assessed.

Format & Length

The assignment is to be prepared as a Word document using 12 point font with 1.5 line spacing, and 2.54cm margins (left, right, top and bottom). Your written responses to assignment tasks will be limited to a maximum of 1,200 words (excluding the  appendix  and reference  list). Any materials exceeding the word limit will not be read or marked. File name should include your student number and full name. (e.g., ‘123456_Byungki_Kim.docx9).

Referencing Style

You are required to use the APA (7th) referencing style. for in-text citations and your reference list. Details    of   the    APA    referencing    style.    are    available    from    the    Library    guide    at: https://guides.library.uq.edu.au/referencing. It is critical that the referencing style is consistently applied.

Submission

The assignment is to be submitted through TurnItIn, which is available in an Assignment folder on the course’s blackboard website. If you experience problems uploading your assignment before the due date, please contact AskIT for help, and continue to try to upload the assignment until you are successful. Note that assignment submission is a three-step process and it is your responsibility to check the assignment preview and confirm that the assignment has been successfully submitted. You can submit as many times as you wish, and only the latest submission will be marked.

Plagiarism

All cases will be reviewed for plagiarism and independent content. The University has adopted the following definition ofplagiarism:

Plagiarism is the act of misrepresenting as one's own original work the ideas, interpretations, words or creative works of another. These include published and unpublished documents, designs, music, sounds, images,photographs, computer codes and ideas gained through working in a group. These ideas, interpretations, words or works may be found in print and/or electronic media.

Students are encouraged to read the UQ Student Integrity    and   Misconduct   policy (http://ppl.app.uq.edu.au/content/3.60.04-student-integrity-and-misconduct) which    makes    a comprehensive statement about the University's approach to plagiarism, including the approved use of plagiarism detection software, the consequences of plagiarism and the principles associated with preventing plagiarism.

Use of Generative Artificial Intelligence (AI)

This  assessment  task  evaluates  students'  abilities,  skills  and  knowledge without the  aid  of generative Artificial Intelligence (AI). Students are advised that the use of AI technologies to develop responses is strictly prohibited and may constitute student misconduct under the Student Code of Conduct.

Late Submission

An assignment submitted after the due date and time for which no extension has been granted prior to the due date will incur a late submission penalty. The penalty is applied at the rate of 10% of the total  available  marks  for  the  assignment  for  each  calendar  day  or  part  thereof that  the assignment remains overdue. Late assignments may be submitted through TurnItIn,  since  all assignments automatically have a time/date stamp of when they are submitted. However, please contact the course coordinator if you are submitting a late assignment.

Assignment Overview

The case is on revenue recognition at Harvard Business Publishing. Although this is based on U.S. GAAP, the revenue recognition model (i.e., ASC 606) is generally the same with Australian standard (i.e., AASB 15). Thus, please apply AASB 15 taught in the seminar for the case analysis.

Question 1. (20%)

Please identify and discuss performance obligations outlined in contracts between Stride Funding and customers in accordance with the requirements of AASB 15.

(Tip: Exhibit 6 presents description of fees and related services.)

Question 2. (30%)

For each performance obligations identified in Question 1, please determine the appropriate timing for recognising revenue with reference to AASB  15  and allocate the transaction price to the performance obligations in the contract. In allocating the transaction price, let’s assume that services completed upfront account for 30% of the total costs of services related to the program fee and profit margin is constant across the services.

Question 3. (20%)

Compare projected revenues based on cash-based accounting and under AASB 15. Please make a recommendation on whether to adopt AASB 15 at this stage.

(Tip: Exhibit 7 presents projected revenues under cash-based accounting.)

Question 4. (20%)

Early-stage non-listed firms such as Stride Funding have discretion in adopting GAAP. Assume the adoption of GAAP significantly  changes the reported earnings, please  discuss  potential determinants of the adoption from this perspective. Students should justify their answer with reference to at least two high-quality academic research articles.

Professional and Effective Writing Skills (10%)

Marks will be allocated for effectiveness of the written communication, clarity of expression, and referencing.

* For the purpose of this assessment, high quality academic articles are articles published in the following journals:

Accounting Auditing and Accountability Journal

Accounting, Organizations and Society

Auditing: A Journal of Practice and Theory

Journal of Accounting Research

British Accounting Review

Contemporary Accounting Research

Journal of Accounting and Economics

Journal of Business Finance & Accounting

Journal of Management Accounting Research

Management Accounting Research

Review of Accounting Studies

The Accounting Review

The European Accounting Review

Abacus

Accounting and Business Research

Accounting and Finance

Accounting Horizons

Journal of Accounting and Public Policy

Journal of Accounting Auditing and Finance

The International Journal of Accounting

Journal of Financial Reporting