Assesment 2 Brief – Critical Analysis Individual Page 1 of 5 Paper

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Assesment 2 Brief – Critical Analysis Individual Page 1 of 5 Paper

Assesment 2 Brief – Critical Analysis Individual Page 1 of 5 ASSESSMENT BRIEF Subject Code and Title ACCT6007 Financial Accounting Theory and Practice Assessment Critical Analysis Individual/Group Individual Length 1500 Words +/- 10% Learning Outcomes c) Explain the relationship between accounting theory, the accounting conceptual framework and accounting standards. d) Work individually and in groups to identify and apply appropriate accounting standards to a range of authentic accounting scenarios. Submission Sunday 11.55 PM Week 9/Module 5.1 Weighting 25% Total Marks 100 Marks Context: This assessment helps students to develop research and critical thinking skills applied to the accounting field. Changes in technology are impacting accounting and how accountants perform their jobs. Is it a threat or an opportunity for accounting profession? AI and blockchain are few examples. The

Assesment 2 Brief – Critical Analysis Individual Page 1 of 5
ASSESSMENT BRIEF
Subject Code and Title ACCT6007 Financial Accounting Theory and Practice
Assessment Critical Analysis
Individual/Group Individual
Length 1500 Words +/- 10%
Learning Outcomes c) Explain the relationship between accounting theory,
the accounting conceptual framework and accounting
standards.
d) Work individually and in groups to identify and apply
appropriate accounting standards to a range of authentic
accounting scenarios.
Submission Sunday 11.55 PM Week 9/Module 5.1
Weighting 25%
Total Marks 100 Marks
Context:
This assessment helps students to develop research and critical thinking skills applied to the
accounting field.
Changes in technology are impacting accounting and how accountants perform their jobs. Is
it a threat or an opportunity for accounting profession? AI and blockchain are few examples.
The students will be required to critically analyse given article and conduct further individual
research to explore new trends and use of technology in the accounting field.
Instructions:
Download and critically analyse the academic article below written by Daniel Hood.
Research and use additional articles and reliable resources to support your analysis and
address all the tasks given.
Hood, D. (2018), Brace yourself for AI & blockchain: There’s less threat and more
opportunity in emerging technologies than many think Accounting Today. Vol. 32 No. 1, p1-
31.3p, Database: Business Source Ultimate
http://ezproxy.laureate.net.au/login?url=https://search-proquestcom.ezproxy.laureate.net.au/docview/2002002485?accountid=176901
Assesment 2 Brief – Critical Analysis Individual Page 2 of 5
You may use an essay format or any other acceptable academic format for critical review.
Use APA referencing style guide. Use minimum 10 academic references.
Task 1
Research and explore what is Artificial intelligence (AI) and Blockchain. Critically analyse
how are they currently used in accounting and what is their potential future in the field.
Task 2
Based on the article and additional research, discuss in detail in a real life scenario how AI
and Blockchain can be used to advance the work of an accountant or an accounting function
within an organisation.
Task 3
Critically evaluate any arguments made by the author Daniel Hood in the reference article
above. Do you agree or disagree? Explain your point of view and provide evidence in
support of your point of view.
Task 4
Comment on how is financial reporting regulation likely to change in the future with
advancement in technologies in accounting.
Useful Academic skills resources: Analysing the Brief, Essay Writing, and Critical Thinking
These resources can be downloaded from LASU – Learning and Academic Skills Unit on
Blackboard following the link:
https://laureateau.blackboard.com/webapps/blackboard/content/listContent.jsp?course_id=_20163
_1&content_id=_2498849_1
Asessment 2 Brief Critical Analysis Individual Page 3 of 5
Learning Rubrics
Assessment
Attributes
Fail (Unacceptable)
0%-49%
Pass
(Functional)
50%- 64%
Credit
(Proficient)
65%-74%
Distinction
(Advanced)
75%-84%
High Distinction
(Exceptional)
85% – 100%
Grade Description
(Grading Scheme)
Evidence of unsatisfactory achievement of
one or more of the learning objectives of
the course, insufficient understanding of
the course content and/or unsatisfactory
level of skill development.
Evidence of satisfactory
achievement of course
learning objectives, the
development of relevant
skills to a competent
level, and adequate
interpretation and critical
analysis skills.
Evidence of a good level
of understanding,
knowledge and skill
development in relation
to the content of the
course or work of a
superior quality on the
majority of the learning
objectives of the course.
Demonstration of a high
level of interpretation
and critical analysis skills.
Evidence of a high
level of achievement
of the learning
objectives of the
course
demonstrated in
such areas as
interpretation and
critical analysis,
logical argument,
use of methodology
and communication
skills.
Evidence of an
exceptional level of
achievement of learning
objectives across the
entire content of the
course demonstrated in
such areas as
interpretation and
critical analysis, logical
argument, creativity,
originality, use of
methodology and
communication skills.
Knowledge and
understanding
40
Demonstrates no awareness of content
and/or purpose of the assignment.
Limited understanding of required
concepts and knowledge
Key components of the assignment are not
addressed.
Demonstrates limited
awareness of content
and/or purpose of the
assignment
Knowledge or
understanding of the
field or discipline.
Resembles a recall or
summary of key ideas.
Often conflates/confuses
assertion of personal
opinion with information
substantiated by
evidence from the
Demonstrates consistent
awareness of content
and/or purpose of the
assignment.
Thorough knowledge or
understanding of the
field or discipline/s.
Supports personal
opinion and information
substantiated by
evidence from the
research/course
materials.
Demonstrates a capacity
to explain and apply
relevant concepts.
Demonstrates an
advanced and
integrated
understanding of
content and/or
purpose of the
assignment.
Highly developed
understanding of the
field or discipline/s.
Discriminates
between assertion
of personal opinion
and information
substantiated by
Consistently
demonstrates a
systematic and critical
understanding of
content and purpose of
the assignment.
A sophisticated
understanding of the
field or discipline/s.
Systematically and
critically discriminates
between assertion of
personal opinion and
information
substantiated by robust
Asessment 2 Brief Critical Analysis Individual Page 4 of 5
research/course
materials.
robust evidence
from the
research/course
materials and
extended reading.
Well demonstrated
capacity to explain
and apply relevant
concepts.
evidence from the
research/course
materials and extended
reading.
Mastery of concepts
and application to new
situations/further
learning.
Critical reasoning,
presentation and
defence of an argument
and/or position
45
Specific position (perspective or argument)
fails to take into account the complexities
of the issue(s) or scope of the assignment.
Makes assertions that are not justified.
Specific position
(perspective or
argument) begins to take
into account the issue(s)
or scope of the
assignment.
Justifies any conclusions
reached with arguments
not merely assertion.
Specific position
(perspective or
argument) takes into
account the complexities
of the issue(s) or scope of
the assignment. Others’
points of view are
acknowledged.
Justifies any conclusions
reached with wellformed arguments not
merely assertion.
Specific position
(perspective or
argument) is
expertly presented
and accurately takes
into account the
complexities of the
issue(s) and scope of
the assignment.
Justifies any
conclusions reached
with well-developed
arguments.
Specific position
(perspective or
argument) is presented
expertly, authoritatively
and imaginatively,
accurately taking into
account the
complexities of the
issue(s) and scope of
the assignment. Limits
of position are
acknowledged.
Justifies any conclusions
reached with
sophisticated
arguments.
Asessment 2 Brief Critical Analysis Individual Page 5 of 5
Use of academic and
discipline conventions
and sources of
evidence.
Grammar, spelling and
referencing
15
Poorly written with errors in spelling,
grammar.
Demonstrates inconsistent use of good
quality, credible and relevant research
sources to support and develop ideas.
There are mistakes in using the APA style.
Is written according to
academic genre (e.g. with
introduction, conclusion
or summary) and has
accurate spelling,
grammar, sentence and
paragraph construction.
Demonstrates consistent
use of credible and
relevant research sources
to support and develop
ideas, but these are not
always explicit or well
developed.
There are no mistakes in
using the APA style.
Is well-written and
adheres to the academic
genre (e.g. with
introduction, conclusion
or summary).
Demonstrates consistent
use of high quality,
credible and relevant
research sources to
support and develop
ideas.
There are no mistakes in
using the APA style.
Is very well-written
and adheres to the
academic genre.
Consistently
demonstrates expert
use of good quality,
credible and
relevant research
sources to support
and develop
appropriate
arguments and
statements. Shows
evidence of reading
beyond the key
reading
There are no
mistakes in using the
APA style.
Expertly written and
adheres to the
academic genre.
Demonstrates expert
use of high-quality,
credible and relevant
research sources to
support and develop
arguments and position
statements. Shows
extensive evidence of
reading beyond the key
reading
There are no mistakes
in using the APA Style.

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