The Challenge of Accounting Measurement

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Slide 2: The Challenge of Accounting Measurement
Currently, the accounting world is torn between the use of fair value and other
measurements like value-in-use, historic cost, and others. For the past two decades, fair value
accounting has received a lot of attention and preference, leading to a proposal by IASB that it
should be the main accounting measurement, although this was overridden by a second paper in
2013 that proposed retaining the current mixed method mode over a single measurement basis
for all assets and liabilities (Whittington, 2010). A look at the give example in the slide shows
the challenge the accounting field is facing because the value of the property can be entered as
$220m in one measure and $400m in another measure.

Category:

Description

This assessment item assesses the following learning outcomes:
Be critical thinkers and effective problem solvers (HO)
2.2 Exercise independent judgment and initiative in adapting and applying knowledge and skills for
effective planning, problem solving and decision making in diverse contexts.
Be professional communicators in an intercultural context (PC)
3.2 Use information literacy skills, and communicate effectively and professionally in oral forms,
appropriate for diverse purposes and contexts.
______________________________________________________________________________
Purpose: Effective oral communication skills are highly valued in business. This is particularly true for
accountants who are often tasked with suggesting solutions where there is no uncontested or objective
answer to the problem they are faced with. This assessment item is intended to develop these skills.
Description: At the end of each week’s lecture slides, there will be a ‘decision-case’ based on the lecture
topic and learning objectives for that week. Each student will be assigned a week and a topic where they
will present their response to the decision-case to their tutorial group. For this assessment item
students are told in advance which question they must answer. Presenters may be asked for clarification
after their presentation during the written case discussion. The required length of the presentation is 7-
9 minutes.
Administration: Lecture slides are posted on Blackboard each week the day before the lecture. The oral
presentation for the decision case is held in the tutorial the following week. The first decision case will
be on the week 3 lecture slides and the first oral presentations is in the tutorial in week 4. Students have

AYB311 Oral Presentation Task Description Sem 1 2018 2
one week to prepare their presentation. Tutors will assign each student a decision-case (topic and week
of presentation) in the first tutorial in week 2. They will also advise which question each student should
address. It is the responsibility of students to know the week of their presentation. Presenters are
required to upload their presentation slides and speech notes to Blackboard by 6 pm the evening prior
to their presentation. Tutors will access this information before the tutorials.
Optional or Compulsory: This assessment item is compulsory.
Extensions: Note that the usual QUT assignment extension process is not applicable to this assessment.
If a student expects to miss their presentation due to illness or other extenuating circumstances, they
are required to notify both their tutor and unit coordinator (email is preferred) before the time of the
tutorial that they will be absent. If a student wishes to request a make-up opportunity for this
assessment item, they must attach to their email appropriate documentary evidence e.g. medical
certificate or other documentation, explaining their absence. The unit coordinator will decide whether
to approve an alternative assessment and advise the student and tutor of this decision. The tutor will
arrange the alternative time with the student. Note the school may not grant more than one extension.
Feedback: Marked CRA’s will be returned the following the presentations each week electronically via
Blackboard (before the next scheduled tutorial).
Assessment Criteria: refer to the CRA for ‘Oral Presentation’ posted under the Assessment tab on
Blackboard

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Slide 2: The Challenge of Accounting Measurement
Currently, the accounting world is torn between the use of fair value and other
measurements like value-in-use, historic cost, and others. For the past two decades, fair value
accounting has received a lot of attention and preference, leading to a proposal by IASB that it
should be the main accounting measurement, although this was overridden by a second paper in
2013 that proposed retaining the current mixed method mode over a single measurement basis
for all assets and liabilities (Whittington, 2010). A look at the give example in the slide shows
the challenge the accounting field is facing because the value of the property can be entered as
$220m in one measure and $400m in another measure…………

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