Details

The assignment is worth 30 marks and the questions carry the number of marks shown.

 

To develop your professional skills you must be able to access relevant information using

electronic resources, and to present the results in a professional manner. For each question, you should assume that you work for an accountancy firm and a major client has requested advice. The senior partner of the firm has asked you to prepare a draft advice to be used as

the basis for the advice to the client, and he doesn't want to have to make big changes to it.

 

 

Presentation 5 marks

 

Because of this pressure to provide a usable piece of work to your senior partner a mark

between 0 and 5 will be available for the professional qualities of your work. This includes things like: structure and formatting with consistent headings, fonts and page numbering; spell-checking; logical flow of summaries and explanations; conciseness and relevance; general user-friendliness. Short answers may be given in a few words, but answers that require a summary or explanation need to be in your own words. A summary requires you toinclude a concise statement of relevant material AND to exclude irrelevant material. You will not receive marks for copying slabs of text with no attempt to summarise.

 

 

 

 

 

 

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Marking Criteria:

 

 

 

5 marks

 

 

 

4 marks

 

 

 

3 marks

 

 

 

2 marks

 

 

1 mark

 

 

 

0 marks

 

 

 

Question 1

 

 

 

Presentation fully up to professional standards in terms of logical ordering of

material, quality formatting and structure; could be presented to a client.

 

Good quality presentation, obvious effort to make it read well and be easy to

follow. Could be presented to a client with changes.

 

Clear effort to present well, but falls short in one or two areas. Could be

presented to a client with minor to major changes

 

Patchy presentation, some things done well, some not. No evidence of editing.

 

 

Form and logical ordering poor, likely to have a fair amount of copying and

pasting, and no evidence of editing

 

Assignment is just a combination of cut-and-pasted or irrelevant material.

 

 

 

12 Marks

 

Use the web site of the Australian Securities and Investments Commission (ASIC), the

Corporations Act 2001 and (if necessary) other legal sources to answer the followingquestion in 1,200 words or less.

 

? The law discourages directors from being involved in situations of conflict

between their personal interest and the interest to act for the benefit of the

company. Your task is to explain the general law and statutory principles and

application regarding conflicts of interest and the policy reasons the lawdiscourages conflicts of interest.

 

Question 2 6 Marks

 

Use the web page of the Australian Securities Exchange (ASX), the Corporations Act 2001

and any other resources you require to answer the following question in 600 words or less.

 

? The Listing Rules contain provisions for continuous disclosure and periodic

disclosure. By reference to the rules and statutory provisions, explain the

differences and similarities between these two forms of disclosure.

 

 

 

 

 

 

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Question 3 7 Marks

 

At the website of www.austlii.edu.au, locate the Queensland Supreme Court case of Smits v Brown [2012] QSC 180 and answer the following question in 400 words or less.

 

? The issue before the Supreme Court was over debts that had been incurred and

whether they were the debts of the partnership. Identify the relevant facts and principles used by the Court to resolve the dispute. From your understanding of

partnership law, do you agree with the findings of the Court, why or why not?