Assessment 1
Assessment Type: Online Moodle Quiz
Purpose: This assessment is designed to reinforce subject content taught each week allowing students to apply accounting principles to analyse and evaluate student comprehension, learning needs, and academic progress. The purpose of this assessment is to promote learning by considering the progress of each individual student at the early stage of trimester. This contributes to learning outcomes a, b and c.
Value: 5% Due Date: Week 4 Sunday 11.59 pm. Topic: Weekly subject content.
Task Details:
Each student is required to attempt the quiz through Moodle during week 4. This quiz consists of multiple-choice questions that will cover content from topics 1, 2 and 3.
This quiz will be located on the KOI Moodle subject homepage and will close at 11.59pm Sunday of Week 4.
Assessment 2
Assessment Type: In-class test – Individual Assessment
Purpose: This assessment is designed to reinforce subject content taught during the trimester. This contributes to learning outcomes a, b, c, d.
Value: 15% Due Date: Week 7 Topic: Weeks 1 to 5 subject content.
Task Details: The class test may consist of various types of questions, which may include but are not limited to, short answer questions, multiple choice questions, matching exercises, fill-in-the-blank questions, true/false questions, accounting scenario-based questions, and problem analysis questions. This test is scheduled to take place during the class time in week 7 managed by the lecturer/s, and students must attend the campus on the exam day. All relevant arrangements and announcements will be communicated by the subject coordinator via Moodle. Students must bring their own laptop, charger, calculator and other relevant lecture materials. In class test cannot be taken on a mobile phone.
Assessment 3
Assessment Type: Individual research assessment
Purpose: To allow students to apply the technical knowledge of relevant accounting standards to financial reporting settings. This assessment relates to learning outcomes c and d.
Value: 30% Due Date: Week 9 – 8:00 pm Wednesday of Week 9
Submission: Submission must be made via the Moodle assignment link on the KOI Moodle ACC701 home page by 8.00 pm AEST time on Wednesday of Week 9.
Topic: Reporting, Measurement and Disclosure of Intangible Assets Task Details:
The lecturer will nominate an ASX listed firm for each student. Each student is required to analyse its financial statement of the financial year ending in 2024. The analysis must focus on discussing the firm’s reporting and disclosure practices of intangible assets. In the discussion, detail the accounting policy that the firm follows in reporting, measuring, and disclosing its intangible assets and an analysis of accounting policies. The discussion must evaluate the current accounting treatment for the recognition and measurement of intangible assets under AASB138.
Research requirements: Students need to support their analysis with reference to relevant material from the textbook and minimum of eight (8) suitable, reliable, current, and academically acceptable sources – this should include at least 2 peer-reviewed academic journal articles.
Presentation: 2000 words (+/- 10%) short report format. Title page, executive summary, table of contents, appropriate headings and sub-headings, recommendations/findings/conclusions, in-text referencing, and reference list (Harvard – Anglia style), attachments if relevant (as screenshots). Single spaced, font Times New Roman 12pt, Calibri 11pt or Arial 10pt.
Note: Students are required to reference all sources, including any GenAI tools used in preparing the assignment. Please refer to the “KOI Student Guidelines for AI” document, available in the Referencing section on the right sidebar of the Moodle homepage.
Assessment 4
Assessment Type: Final Exam – individual assessment. Students should bring a non-programmable calculator to the exam. No other electronic or other aids will be permitted.
Duration: On-campus: 2 hours + 10 mins reading time.
Purpose: The purpose of the final examination is to test your understanding of the subject’s concepts and your ability to apply these concepts.
The examination may cover materials used in tutorials, class discussions and/or from the readings. This assessment contributes specifically to learning outcomes a, b, c and d.
Value: 50% Due Date: The final exam will be held in the official KOI exam period.
The specific date and time will be posted towards the end of the trimester.
Topic: The examination may cover content from any part of the entire subject.
Task Details: The final exam will require students to explain and apply the subject content to practical situations as would be found in a modern accountancy practice, identifying issues, drawing conclusions, and making recommendations.
3.2 General information about assessment
a) Late Penalties and Extensions
An important part of business life and key to achieving KOI’s graduate outcome of Professional Skills is the ability to manage workloads and meet deadlines. Completing assessment tasks on time is a good way to master these habits.
Students who miss mid-trimester tests and final exams without a valid and accepted reason may not be granted a deferred exam and will be awarded 0 marks for the assessment item. Assessment items which are missed or submitted after the due date/time will attract a penalty unless there is a compelling reason (see below). These penalties are designed to encourage students to develop good time management practices, and to create equity for all students.
Any penalties applied will only be up to the maximum marks available for the specific piece of assessment attracting the penalty.
Late penalties, granting of extensions and deferred exams are based on the following:
In Class Tests and Quizzes (excluding Mid-Trimester Tests)
- Generally, extensions are not permitted. A make-up test may only be permitted under very special circumstances where acceptable supporting evidence of illness, hardship or unavoidable problems preventing completion of the assessment is provided (see section (b) below). The procedures and timing to apply for a make-up test (only if available) are as shown in the section Applying for an Extension (see below).
- Missing a class test will result in 0 marks for that assessment item unless the above applies.
Written Assessments and Video Assessments
- There is a late penalty of 5% of the total available marks per calendar day unless an extension is approved (see Applying for an Extension section below).
Presentations - Generally, extensions are not permitted. Missing a presentation will result in 0 marks for that assessment item. The rules for make-up presentations are the same as for missing in-class tests (described above).
For group presentations, if serious circumstances prevent some members of the group from participating, the members of the group who are present should make their contributions as agreed. If a make-up presentation is approved, the other members of the group will be able to make their individual presentation later and will be marked according to the marking rubric. A video presentation may be used to facilitate the process.
Mid-Trimester Tests and Final Exams
If students are unable to attend mid-trimester tests or final exams due to illness, hardship or some other unavoidable problem (acceptable to KOI), they must:
- Complete the Assignment Extension / Exam Deferment Form available by contacting academic@koi.edu.au as soon as possible, but no later than three (3) working days after the exam date.
- Provide acceptable documentary evidence (see section (b) below).
- Agree to attend the deferred exam as set by KOI if a deferred exam is approved.
Deferred exam - There will only be one deferred exam offered.
- Marks obtained for the deferred exam will be the marks awarded for that assessment item.
- If you miss the deferred exam you will be awarded 0 marks for the assessment item. This may mean you are unable to pass the subject.
b) Applying for an Extension
If students are unable to submit or attend an assessment when due, they must
- Complete the Assignment Extension / Exam Deferment Form available by contacting academic@koi.edu.au as soon as possible, but no later than three (3) working days of the assessment due date.
- Provide acceptable documentary evidence in the form of a medical certificate, police report or some other appropriate evidence of illness or hardship, or a technician’s report on problems with computer or communications technology, or a signed and witnessed statutory declaration explaining the circumstances.
- Students and lecturers / tutors will be advised of the outcome of the extension request as soon as practicable.
Please remember there is no guarantee of an extension being granted, and poor organisation is not a satisfactory reason to be granted an extension.
c) Referencing and Plagiarism
Please remember that all sources used in assessment tasks must be suitably referenced.
Failure to acknowledge sources is plagiarism, and as such is a very serious academic issue. Students plagiarising run the risk of severe penalties ranging from a reduction in marks through to 0 marks for a first offence for a single assessment task, to exclusion from KOI in the most serious repeat cases.
Exclusion has serious visa implications. The easiest way to avoid plagiarising is to reference all sources