Homework answers / question archive / FIJI NATIONAL UNIVERSITY College of Business, Hospitality and Tourism Studies School of Accounting & Law Department of Accounting ACC803 Advanced Financial Reporting Alternative Assessment 2: Essay Writing | 20 Marks - 10% IAS 41 — Agriculture Requirements: Write an essay focusing on IAS 41 accounting standard, incorporating the following; i

FIJI NATIONAL UNIVERSITY College of Business, Hospitality and Tourism Studies School of Accounting & Law Department of Accounting ACC803 Advanced Financial Reporting Alternative Assessment 2: Essay Writing | 20 Marks - 10% IAS 41 — Agriculture Requirements: Write an essay focusing on IAS 41 accounting standard, incorporating the following; i

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FIJI NATIONAL UNIVERSITY

College of Business, Hospitality and Tourism Studies

School of Accounting & Law

Department of Accounting

ACC803 Advanced Financial Reporting

Alternative Assessment 2: Essay Writing | 20 Marks - 10%

IAS 41 — Agriculture

Requirements:

Write an essay focusing on IAS 41 accounting standard, incorporating the following;

i. Analyze the requirements of the accounting standards on recognitions, measurements, and disclosures; (3 Marks)

ii. Discuss the impact of the accounting standard on fundamental qualitative characteristics (relevance and faithful representation) of information reporting; (6 Marks)

iii. Identify and critically discuss any three practical challenges in complying with the selected accounting standard. (6 Marks)

Instructions:

1. This assessment is to be done individually. No group assessments will be accepted.

2. You are required to carry out this research virtually and write an essay on the above topic.

3. Word limit: Essay to be between 1,500 — 2000 words.

4. Due Date: Thursday, 10° June, 2021 at 11.59pm — to be submitted via the Moodle Drop-box named “Alternative Assessment 2 - Essay Dropbox’.

Marking format:

Introduction 2 Marks

Discussion and Analysis (Answers to parts I, ii & iii) 15 Marks

Conclusion 1 Mark

Referencing 2 Marks

TOTAL 20 Marks

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