Details

The assignment is worth 30 marks and the
questions carry the number of marks shown.

To
develop your professional skills you must be able to access relevant
information using

electronic
resources, and to present the results in a professional manner. For each
question, you should assume that you work for an accountancy firm and a major
client has requested advice. The senior partner of the firm has asked you to
prepare a draft advice to be used as

the basis for the advice to the client, and he doesn’t
want to have to make big changes to it.

Presentation 5 marks

Because of this pressure to provide a usable piece of
work to your senior partner a mark

between
0 and 5 will be available for the professional qualities of your work. This
includes things like: structure and formatting with consistent headings, fonts
and page numbering; spell-checking; logical
flow of summaries and explanations; conciseness and relevance; general
user-friendliness. Short answers may be given in a few words, but answers thatrequire a summary or explanation need to be in
your own words. A summary requires you toinclude a concise statement of
relevant material AND to exclude irrelevant material. You will not receive marks for copying slabs of text
with no attempt to summarise.

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Criteria:

5 marks

4 marks

3 marks

2 marks

1 mark

0 marks

Question 1

Presentation fully up to professional standards in terms of logical
ordering of

material, quality formatting and structure; could be presented to a
client.

Good quality presentation, obvious effort to make it read well and be
easy to

follow. Could be presented to a client with changes.

Clear effort to present well, but falls short in one or two areas.
Could be

presented to a client with minor to major changes

Patchy presentation, some things done well, some not. No evidence of
editing.

Form and logical ordering poor, likely to have a fair amount of copying
and

pasting, and no evidence of editing

Assignment is just a combination of cut-and-pasted or irrelevant
material.

12 Marks

Use the web site of the Australian Securities and
Investments Commission (ASIC), the

Corporations Act 2001
and (if necessary) other legal sources to answer the followingquestion in 1,200 words or less.

 The law discourages directors from
being involved in situations of conflict

between their personal interest and the
interest to act for the benefit of the

company. Your task is to explain the general law and statutory
principles and

application regarding conflicts of interest and the policy
reasons the lawdiscourages conflicts of interest.

Question 2 6 Marks

Use
the web page of the Australian Securities Exchange (ASX), the Corporations
Act 2001

and any other resources you require to answer the
following question in 600 words or less.

 The Listing Rules contain provisions
for continuous disclosure and periodic

disclosure. By reference to the rules and statutory
provisions, explain the

differences and similarities between these two forms of
disclosure.

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3 7 Marks

At
the website of www.austlii.edu.au, locate the Queensland
Supreme Court case of Smits v Brown [2012]
QSC 180 and answer the following question in 400 words or less.

 The issue before the Supreme Court was over
debts that had been incurred and

whether they
were the debts of the partnership. Identify the relevant facts and principles
used by the Court to resolve the dispute. From your understanding of

partnership law, do you agree with the findings of the Court, why or why
not?