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Case study: GeneTech Ltd
- Order Summary
- Type of assignment:Essay
- Academic level:College Level
- Referencing style:APA
- Number of sources:3
- Subject:Accounting
- Client country:Australia (UK English)
Assignment extract:
Identify and analyses the financial information about the real world company. Therefore students’ research ability can be developed.
| Assessment title | group assignment |
| Purpose, description and topics covered | Purpose:
Identify and analyses the financial information about the real world company. Therefore students’ research ability can be developed Description: In a case study, students are required to critically evaluate the information and relate the accounting standards to the case.
Case will be uploaded on the Moodle page for this unit. Topics to be covered: Week 1 to week 8 |
| Assessment length | |
| Criteria to grade quality | Five criteria will be used to assess the project:
1. Demonstrated links to appropriate readings 2. Scope of analysis and links to theory 3. Depth of analysis 4. Clear recommendations based on the analysis 5. Clarity of expression and error-free language |
| Submission method | Submit a hardcopy to lecturer in class week 8 at 9.30am.
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| Return method | n/a |
| Feedback provided | Marks for the individual assignment will be released in week 10/11 |
| Assessment title | Final exam |
| Purpose, description and topics covered | Purpose:
The purpose of this assessment is to test students’ knowledge through the whole unit, in terms of variable question relating different topics.
Description: A three hour final examination for this unit is out of 100 marks, re-weighted to 50% and will be held during the Top Education Institute Examination period. The questions for the final examination will be sourced from any of the topics covered during the term of the unit. The structure of the final examination will be provided in the week prior to the examination date. Topics to be covered: week1 to week 12 |
GeneTech Ltd is a biological research company that is developing gene technology in the hope of finding a vaccine for skin cancer. During the last financial year, GeneTech Ltd spent $1.2 million on research. The scientists involved in the project believe they may be on the right track with the research, although many other companies are claiming the same thing and as yet no one has patented a vaccine.
Required
In groups of three of four, discuss the options under IAS 38/AASB 138 Intangible Assets for the treatment of the $1.2 million. What impact will each of these options have on the company’s profit? Prepare a one page letter to the managing director of GeneTech Ltd advising her of your preferred treatment for the research and development costs.
All assignments must typed and attach a TOP cover sheet with all student names and ID.
Answer preview:
Word: 850