ACG-3120-MW INTERNATIONAL ACCOUNTING
ASSIGNMENT 3
WEEK 7
INSTRUCTIONS TO STUDENTS
This Assignment carries 40% of your final grade. Please read carefully and answer ALL
questions which carry equal marks.
Expected Level of Student work
Students' assignments at undergraduate level are evaluated and graded according to the
following six scoring categories at five different levels of competence:
a. Structure & Presentation
b. Content
c. Critical Analysis and Evaluation
d. Language, Grammar and Punctuation
e. Level of Competency (Undergraduate)
f. Referencing (Text citation Reference list)
Marking Criteria
General Presentation / Structure and Cohesion
20%
Citation and References Style
20%
Content Quality/Critical Analysis / Rational
50%
Academic Writing - Grammar 'Spelling
10%
Total
100%
Word Limit
Word Limit is 1,500 -2, 000 words spread proportionately to the mark allocation
EXERCISE 1
The basic cause of international differences in financial reporting practices is the different
degree of interference by governments in accounting.’
Required:
Discuss and critically assess the above statement giving reasons and examples for your
answers.
Total marks 30
EXERCISE 2
Required:
Outline in what ways might classification be useful in any field of study? Use
international differences in financial reporting as an illustration of your answer.
Total marks 20
EXERCISE 3
Required:
Discuss different possible interpretations of the concept of a group, and how these may
relate to different styles of corporate governance and company financing.
Total marks 20
EXERCISE 4
Required:
a) Outline and evaluate the reasons that standard-setters have difficulty in drafting
segment reporting standards (15 marks)
b) How could one demonstrate that the benefits of segment reporting outweigh the
costs? (15 marks)
Total marks 30