FINMO44-International Financial Reporting In Banking Industry Assignment-Newcastle University Australia.

The Assessment Task
As a financial advisor you are tasked to write a report as following:
From the following list, select a pair of institutions, one financial and other non-financial institution. (some links to the annual reports of these institutions are available on the module NILE site.)
FINMO44-International Financial Reporting In Banking Industry Assignment-Newcastle University Australia.

The report should include comparative analysis of the two institutions you have selected. You are expected to answer the following:

Q1 – Make a general discussion around:
the role of IFRSs in financial reporting.
Discuss the role of the regulatory framework in adopting the IFRSs in the UK-listed companies. (LOs: b, f)

Q2- Present a comparative account of financial and non-financial institution on the following: LOs (a, b, d, e) (40% each)
A. Explain the difference between the nature of revenue and expenses (costs) items in the income statement. Critically evaluate sources of revenue and expense items? How the financial instruments impact this difference.
B. Discuss the structure of net assets in the financial position statements in terms of being financial instruments and non-financial instruments. Critically evaluate the significance of IFRS 9 to govern the financial instruments especially in the banking industry.

Learning Outcomes:
On successful completion of this assessment, you will be able to:
Module Learning Outcomes:
In relation to the specialised area of study, students will, with minimal / no guidance be able to:
Subject-Specific Knowledge, Understanding & Application

a) Assess the nature of financial reporting and its application in financial services, especially in the banking industry, and evaluate their relationships with other non-financial businesses.

b) Demonstrate an understanding of the rationale for, and content of, a number of international financial reporting standards.

c) Preparation of financial statements (key components and statements, disclosure requirements,accounting policies and procedures, etc.)

d) Undertake detailed analysis of corporate performance based on financial statements, including the use of traditional and cash flow based accounting ratios. Appraise and communicate the results in an effective and reflective manner.

Employ ability & Change maker Skills:
e) Communicate numerate information effectively in writing, using appropriate information technology at an advanced level.
f) Manage and organise study time and utilise a range of study skills so that knowledge and subject-specific skills can be applied to solve problems and challenge accepted wisdom in a selective critical and reflective manner.

Your grade will depend on the extent to which you meet these learning outcomes in the way relevant for this assessment. Please see the grading rubric on NILE for further details of the criteria against which you will be assessed.

Assessment Support:
Specific support sessions for this assessment will be provided by the module team and notified through NILE, You can also access individual support and guidance for your assessments from the Learning Development team. The Skills Hub is another useful source of online support for assessments and academic skills.

Academic Integrity and Misconduct
Unless this is a group assessment, the work you produce must be your own, with work taken from any other source properly referenced and attributed. For the avoidance of doubt this means that it is an infringement of academic integrity and, therefore, academic misconduct to ask someone else to carry out all or some of the work for you, whether paid or unpaid, or to use the work of another student whether current or previously submitted.

FINMO44-International Financial Reporting In Banking Industry Assignment-Newcastle University Australia.

For further guidance on what constitutes plagiarism, contract cheating or collusion, or any other infringement of academic integrity, please read the University’s Academic Integrity and Misconduct Policy. Also useful resources to help with understanding academic integrity are available from UNPAC

N.B. The penalties for academic misconduct are severe and can include failing the assessment, failing the module and expulsion from the university.

Assessment Submission:
To submit your work, please go to the ‘Submit your work’ area on the NILE site and use the relevant submission point to upload your report. The deadline for this is 11.59 pm (UK local time) on the date of submission. Please note that essays and text based reports should be submitted as word documents and not PDFs or Mac files.

Written work submitted to TURNITIN will be subject to anti-plagiarism detection software. Turnitin checks student work for possible textual matches against internet available resources and its own proprietary database. Work When you upload your work correctly to TURNITIN you will receive a receipt which is your record and proof of submission. If your assessment is not submitted to TURNITIN, rather than a receipt, you will see a green banner at the top of the screen that denotes successful submission.

N.B Work emailed directly to your tutor will not be marked.

Late submission of work
For first sits, if an item of assessment is submitted late and an extension has not been granted, the following will apply:

• Within one week of the original deadline – work will be marked and returned with full feedback, and awarded a maximum bare pass grade.
• More than one week from original deadline – grade achievable LG (L indicating late).

FINMO44-International Financial Reporting In Banking Industry Assignment-Newcastle University Australia.

For resits there are no allowances for work submitted late and it will be treated as a non-submission.

Please see the Assessment and Feedback Policy for full information on the processes related to assessment, grading and feedback. You will also find the generic grading criteria for achievement at University Grading Criteria. Also explained there are the meanings of the various G grades at the bottom of the grading scale including LG mentioned above.

Extensions
The University of Northampton’s general policy with regard to extensions is to be supportive of students who have genuine difficulties, but not against pressures of work that could have reasonably been anticipated.

For full details please refer to the Extensions Policy. Extensions are only available for first sits – they are not available for resits.

Mitigating Circumstances
For guidance on Mitigating circumstances please go to Mitigating Circumstances where you will find detailed guidance on the policy as well as guidance and the form for making an application.

FINMO44-International Financial Reporting In Banking Industry Assignment-Newcastle University Australia.

Please note, however, that an application to defer an assessment on the grounds of mitigating circumstances should normally be made in advance of the submission deadline or examination date.