Individual Research Assignment
This assignment is an individual assessment. The research and written submission should therefore be your own work. You will need to submit this assignment with the appropriate bar coded cover sheet declaring that it is your own work. An electronic copy of your bar coded cover sheet can be obtained following the instructions posted up on AUT Online.
You are required to research and answer the following two questions. Your answer to each question must be written on a separate sheet(s). The indicative word limit for each question is approximately 200-300 words.
Briefly discuss the market view of the Financial Accounting Reporting Framework and suggest why these views are appropriate or non-appropriate in the case of New Zealand. (5 Marks)
Using an example to illustrate, briefly explain the realization concept and its relevance to the preparation and presentation of financial statements. (5 Marks)
Marks will be given based on the following
Clarity of Discussion
Quality and referencing of materials
Note: Students are expected to use APA referencing.
This assignment is worth 12.5% of your final grade.