FRB Interim Assignment_October 2014 cohort
ASSIGNMENT INSTRUCTIONS
Module Title:
Financial Reporting for Business
Module Code:
MOD003459
Level:
Academic Year:
Module Leader:
2014/15
Nigel Grant
Teaching period: TRI 1 & 2
5
Task
Evaluate the notion that intangible assets are too ephemeral to warrant recognition in published
financial reports.
(90 marks)
Marks for academic quality of the assignment
These marks will be reserved for the overall quality of the assignment in terms of: appropriate use of
referencing, extent and evidence of research, structure of essay, coverage of issues, presentation and
use of appropriate language
(10 marks)
Total Marks
(100 marks)
Additional Information
Word Limit:
2,500 words
Written assignments must not exceed the specified maximum number of words. All
assignments which do so will be penalised. The penalty will be the deduction of marks at
the Markers discretion. Assignments will not be accepted without a word count on
the cover sheet.
Submission Date:
This assignment must be received no later than 17:00hrs on 09/01/2015.
Work submitted after this date will receive a mark of zero unless an extension has been
approved by the Student Adviser in advance of this deadline.
Requests for short-term extensions will only be considered in the case of illness or other
cause considered valid by the Student Adviser. These must normally be received and
agreed by the Student Adviser in writing at least twenty four hours prior to the deadline.
Please refer to the Academic Regulations or your Student Handbook for full details.
Further Details:

This assignment must be completed individually
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
If you share your work or, parts of your work, with another student this is an
academic offence (collusion) and will result in a fail grade.

You must use Harvard Referencing (Citations) to acknowledge your sources of
information and provide a reference list (and bibliography where appropriate).
Failure to do this is an academic offence and will result in a fail grade.

Any bibliography provided must be included as an appendix.

Marks will be awarded for the professionalism of the report.
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Assessment Criteria
This assignment requires you to demonstrate your knowledge and understanding of the issues surrounding
the recognition of intangible assets. You are required to evaluate whether intangible assets are too transient
in nature to be recognised in financial reports. Your evaluation must not be descriptive in nature; it should
provide clear evidence of your understanding of the issues surrounding recognition of intangible assets.
Your evaluation must be supported by academic theories and concepts and the paper must comply with the
academic essay format and the Harvard referencing guidelines.
There is no correct number of academic references to be utilised as the student must draw as many references
as required to provide a high quality answer. However, a minimum of 10 academic sources are expected,
and a majority of these should be current, internationally peer reviewed articles/journals or accredited
textbook references. Sources such as Wikipedia are not accepted. Sources available only online should be
avoided.
You must be mindful that marks will be allocated based on your knowledge and comprehension and your
ability to define, explain , apply, analyse and evaluate the key concepts. The chart below demonstrates how
the marks (for content) will be allocated according to the criteria shown.
Mark Distribution for Content
35
30
30
25
20
20
20
Applying
Analysing
Evaluating
20
15
10
5
0
Understanding
Note: The marks shown above total 90 and relate to the content of your assignment. An additional
10 marks are available for the academic quality of your assignment. Based on the above, if in your
assignment you only demonstate understanding, the maximum marks available for the content of
your assignment would be 30. An additional 10 marks would be available for academic quality.
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Specific Module Guidance
To achieve a pass level mark you must ensure that you: describe and explain the current accounting
treatment under IFRS with regard to the recognition of intangible assets. Additionally you must
apply knowledge gathered from a range of academic sources to explain the accounting treatment
adopted under IFRS. This will require secondary research.
To achieve higher marks, in addition to the requirements to achieve a pass mark, you will need to
analyse, discuss and evaluate the key concepts underpinning the recognition of intangibles.
Secondary research will therefore be required.
To attain marks available for referencing and effective communication, your work will need to be
referenced according to the Harvard Referencing System and produced in essay format. In addition,
your ideas will need to be expressed clearly and fluently using a style of writing appropriate to the
subject area. Sentences and paragraphs will need to be relevant, well structured and incorporate the
correct terminology. Ideally, there should be no errors of spelling, punctuation or grammar.
Marking Guide
Task:
Evaluate the notion that intangible assets are too ephemeral to warrant recognition in published
financial reports
Overall Marking Guide
Skill
Actions carried out by student
Level
1)
UN
2)
UN
3)
AP
4)
AN
5)
EV
6)
Student identifies/states key definitions and describes accounting
treatments, drawing on knowledge of IFRS, relating to intangible assets
Student explains key definitions and accounting treatments relating to
intangible assets drawing on knowledge of IFRS
Student applies knowledge gathered from a range of academic sources to
explain accounting treatment adopted under IFRS.
Student analyses the key issues relating to the recognition of intangible
assets.
Student evaluates the the key issues relating to the nature and recognition of
intangible assets
Total marks available for content of assignment
Marks reserved for academic quality of assignment:
Student demonstrates competence in applying Harvard referencing. Student
writes with a good flow and structure, with very few obvious
spelling/grammatical errors
Total marks availablefor the assignment
Maximum
marks
Achievable
10
30
50
70
90
90
10
100
Key to skills demonstrated
UN
Demonstrates Understanding
AP
Demonstates Application of knowledge
AN
Demonstrates Analytical skills
EV
Demonstrates ability to evaluate
CEV
Demonstrates ability to critically evaluate
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