Assume that you are preparing

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Assignment Questions:

Assume that you are preparing Galore Ltd’s yearly allowance for doubtful debts based on 2% of net credit sales, which will potentially result in 10% growth rate. The managing director, Ms Sharon Shady (Sharon), suggested you to increase the allowance for doubtful debts to 4% in order to achieve a 5% growth rate. Sharon said to you that: “we do not want our shareholders to expect our company to sustain a 10% growth every year rather, a 5% growth rate is more sustainable for our company.”

You are required to conduct research (i. e. reviewing relevant accounting standards and policies as well as academic and professional journals) and write a business report by addressing the below questions.

Please note:

The total marks of this assignment are 50 (i. e. 10 marks for Part A, 20 marks for Part B, 10 marks for organization and clarity, and 10 marks for grammar, mechanics, formatting and referencing), then your marks will be converted to 10% towards your overall assessment. Refer to the detailed marking rubric on page 3.

Part A

1). What are the relevant factors that should be considered when estimating yearly allowance for doubtful debts?

2). How does the allowance for doubtful debts potentially impact Galore Ltd’s financial reports?

Part B

1). a. Is it ethical to follow the managing director, Sharon, to estimate the allowance for doubtful debts based on a predetermined 5% growth rate?

1. Will you follow Sharon’s suggestion?

2). How does your decision about whether to follow Sharon’s suggestion influence various stakeholders? You are required to provide detailed explanations.

Marking Rubric

	HD	D	CR	P	F	N/A
	Includes all relevant details	Includes nearly all	Includes most relevant	Includes the majority of	Chosen company is not	Not attempted
Content:	Analysis accurate and	relevant details.	details. Analysis mostly	relevant details, although	suitable/Does not include relevant	or entirely
Part A	insightful	Analysis mostly	accurate but more needed	some analysis may be faulty	details, uses faulty analysis	plagiarized
(10 marks)		accurate with				from other
		adequate detail				resources
	10 marks	8 marks	7 marks	5 marks	3 marks	0 mark
	Writes clearly.	Writes clearly.	Writes clearly.	Writing is not very clear.	Writing is unclear.	Not attempted
Content	Provide detailed and	Provide detailed	Explanations are mostly	Explanations are not very	Explanations are incomplete or	or entirely
Part B	complete explanations	explanations with	complete and detailed	detailed with some incorrect	faulty in one or more aspects	plagiarized
(20 marks)		minor omissions		information		from other
						resources
	20 marks	16 marks	14 marks	10 marks	6 marks	0 mark
	Information is organised in	Information is	Information is organised in	Information is generally	Information is not well organised,	Not attempted
Organization and	a structure, paragraphs	organised in a clear	a mostly clear structure	appropriately organised within	structural issues	or entirely
Clarity	organised around key	structure with a well-		a structure		plagiarized
	themes that explicitly	supported and				from other
(10 marks)	support the overall position	argued conclusion				resources
	and a well-supported and
	argued conclusion
	10 marks	8 marks	7 marks	5 marks	3 marks	0 mark
	No/little minor	Little	Limited grammar/	Some grammar/ expression	Grammar/expression errors that	Not attempted
Grammar and	grammar/expression errors	grammar/expression	expression errors that do not	errors that do not make the	make the report difficult to	or entirely
Mechanics		errors	make the report difficult to	report difficult to understand	understand	plagiarized
	Uses professional, correct		understand			from other
Formatting and	formatting/ organization of	Rarely includes		All but one report components	More than 10% over/under word	resources
Referencing	sections and paragraphs is	formatting errors/	Only occasionally includes	are adequate/ formatting	limit/ more than one report
	clear with excellent flow/	organization of	formatting errors/	errors distract reader at times/	component is inadequate or	Not attempted
(10 mark)	appropriate tone/ language	sections and	organization of sections and	organization causes some	missing/ errors in formatting and	or entirely
	is clear and easy to read/	paragraphs is clear/	paragraphs is generally	confusion/ sometimes too	organization regularly causes	plagiarized
	referencing allows easy	appropriate tone/	clear/ generally appropriate	informal or errors in grammar	confusion/ informality or	from other
	verification in all cases	language is clear and	tone/ language is generally	make meaning unclear in	grammar errors cause frequent	resources
		shows variety/	clear but may be repetitive	places/ referencing generally	problems for reader/ referencing
		referencing allows	or simple/ referencing	allows verification	does not always allow verification
		easy verification	mostly allows verification
	10 marks	8 marks	7 marks	5 marks	3 marks	0 mark

Assignment Requirements:

1. a) Structure

The report must contain the following (in this order):

• Report cover page (You can design your own cover page)
• Introduction
• Body which consists of your responses to the assignment questions
• Conclusion
• Reference list

1. b) Word limit

The assignment should be typed (in Microsoft Word, Times New Roman, 12 font, 1.5 line spacing). The word limit is 800 excluding references. However, it can be 10% over/under the word limit without incurring a penalty. Please note that only include introduction, body and conclusion in the word count.

1. c) Referencing

It is extremely important that you are familiar with the university policy on plagiarism that is included in the unit guide. You must re-write material in your own words and not just copy and paste from the internet or any other resources. You must properly reference all material in the main text and provide a reference list at the end of the assignment. It is recommended that you use the Harvard or APA referencing style.

1. d) Submission to Turnitin

Your individual assignment must be submitted to Turnitin via iLearn

Oct 2019 (Week 9).

Turnitin is an internet database that identifies work containing unoriginal material. Your assignment will be scanned using the Turnitin software and if you have copied material from the internet or other sources improperly, you will be penalised. The scanning will also tell us if you have copied from another student. Staff in the unit will perform a check on the similarity of your report to others. Student who plagiarizes in any form will receive ZERO mark for the individual assignment and may be reported to authorities for misconduct.

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