+1 862 207 3288 ACCT 1077 Financial Accounting Theory
WIL Report C (Semester 1, 2015)
The following assessment involves Work Integrated Learning (WIL) activities. The focus of RMIT’s WIL policy is for you to ‘learn by doing in context and with feedback’ in realistic contexts. This assessed WIL experience makes a significant contribution to the development of your work-readiness capabilities by deepening your knowledge of, and skills at, core accountancy practices concerning the practical application of contemporary financial accounting theories and regulation in the workplace.
Background Information and Reporting Task
You have been elected to the recently established Remuneration Committee of XXX Ltd. The Committee’s immediate task is to establish an executive compensation plan for XXX Ltd’s senior executives.
Applying Agency Theory and Watts and Zimmerman’s Positive Accounting Theory, prepare a report containing your recommendations to the Committee for a compensation plan that will assist XXX Ltd to attract, motivate and retain the executives needed to achieve its objective of building an industry-leading company in terms of operational performance and the creation and protection of shareholder value.
Your report should identify the components of your proposed compensation plan as well as a justification for the inclusion in the plan of each component.
Report Requirements:
Note this is a research-based assignment. You will NOT be able to satisfactorily complete this assignment by reference only to the prescribed textbook and teaching materials.
Referencing: Your report must be fully referenced in text and also include a list of references. The Harvard referencing system is required.
Word Limit: 800 words (not including tables, diagrams or reference list)
Weighting: 12.5%
Marking: You should refer to the marking rubric, on page 3 of this document, which indicates the criteria upon which your report will be marked.
Submission: Electronically via course Blackboard site (includes automatic submission to Turnitin). Your report must be submitted as a Word document with file name structured as follows: Seminar Leader Family Name_Student ID. For example, if you are in Chris Williams’ class, your report should be named: Williams_s1234567. Failure to follow this naming protocol will result in a delay in the marking of your report.
Due Date: Week 9, by midnight on Sunday 10 May 2015
Extensions and Late Submissions:
If you wish to apply for an extension of time (7 days or less) for submission of a WIL assignment report you must email the course coordinator BEFORE the due date. You must include in your email a completed Application for Extension of Time for Submission of Assessable Work form, and supporting documentation. If you are seeking an extension of more than 7 days, then you must apply for Special Consideration via the formal online process (NOT to the course coordinator).
Further information can be found at the following web address: http://www1.rmit.edu.au/students/assessment/extension.
All WIL assignment reports will be marked as if submitted on time, then the mark awarded will be reduced by 10% for each day (or part of a day) that the report is late. For example, if an assignment is worth 25 marks and is submitted 2 days late then you will be penalised 2 x 10% of 25 marks, which is 5 marks. These 5 marks will be subtracted from the assessed mark.
WIL assignment reports that are late by 7 days or more will not be marked and will be awarded zero.
Please note that extensions are normally only granted in cases of exceptional and genuine hardship. This does not include inconvenience, poor planning, pressure from work or work commitments.
Report Marking Rubric
Scoring level Depth and quality of research undertaken Application of research to the task
Ability to synthesise information into a coherent and engaging report Ability to correctly acknowledge sources using the Harvard Referencing System Score
8 marks 8 marks 6 marks 3 marks
Accomplished
High Distinction • Materials referred to are relevant, and
• References are drawn from a wide variety of sources, and
• References support the arguments presented, and
• Research is current and from a reliable source.
7-8 marks • The report discussion clearly addresses the issues raised in the task, and
• The report is highly relevant to the needs of the client, and
• The report clearly outlines the major findings of the investigation and the impact of these findings on the client.
7-8 marks • The report is professionally presented. and
• All grammar and punctuation is correct. and
• The report is written in a style appropriate for the client. and
• The report is highly engaging and easy to read. and
• All sections of the report have been included and correctly constructed.
5-6 marks • The Harvard referencing system has been used to clearly and accurately record all cited sources in the report, and
• A list of references, correctly formatted in the Harvard style, has been provided.
3 marks
Highly Competent
Distinction/
Credit • Most of the materials referred to are relevant
• References are drawn from a good range of sources
• References generally support the arguments presented
• Research is mostly current and from a reliable source.
6 marks • The report discussion addresses most of the issues raised in the task
• The report is mostly relevant to the needs of the client
• The report outlines the major findings of the investigation and the impact of these findings on the client.
6 marks • The report is professionally presented
• The majority of the grammar and punctuation is correct
• The report is written in a style appropriate for the client
• The report is engaging and fairly easy to read
• All sections of the report have been included and correctly constructed.
4 marks • The Harvard referencing system has been used to clearly and accurately record all cited sources in the report
• A list of references, correctly formatted in the Harvard style, has been provided but
• Some minor errors in the citations and/or list of references.
2.5 marks
Satisfactory
Credit/Pass • Some of the materials referred to are relevant
• References are drawn from a limited range of sources
• There is a lack of cohesion between the references cited and the topic being discussed
• Research is mostly current and from a reliable source.
4-5 marks • The discussion addresses most of the issues raised in the task but lacks some clarity
• The report at times lacks relevance and/or some of the conclusions drawn are erroneous
• The report outlines the major findings but lacks clarity in linking these findings to the client’s needs.
4-5 marks • Improvement is needed in the report presentation
• There are some errors in grammar and punctuation
• The report is mostly written in a style appropriate for the client
• The report is not engaging and/or is not easy to read
• All sections of the report are included but there are some errors in these sections.
3 marks • The Harvard referencing system has been used to record cited sources in the report but there are some major errors in these citations and/or
• A list of references has been provided but there are errors in the style and/or construction of this list.
1.5-2 marks
Unsatisfactory • There is a lack of evidence of relevant research
• The research presented is too narrow
• The research presented does not support the topic.
0-3 marks • The report discussion fails to address most of the issues raised in the task and the discussion lacks clarity
• The report discussion lacks relevance and/or most of the conclusions drawn are erroneous
• The report does not outline the major findings.
0-3 marks • Major improvements in the presentation of the report are needed
• There are many errors in grammar and punctuation which need correction
• The report is written in a style that is inappropriate, the report is not engaging and/or is not easy to read
• Not all sections of the report have been included.
0-2 marks • The Harvard system has not been used to record cited sources in the report and/or
• Not all sources are cited and/or
• No List of references or serious errors in the construction of this list.
0-1 mark
Total /25
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