ACCG872 Exam - Session 2 2017.pdf - H SEAT NUMBER MACQUARIE University ROOM FAMILY NAME This question paper must be returned Candidates are not

ACCG872 Exam - Session 2 2017.pdf - H SEAT NUMBER MACQUARIE...

This preview shows page 1 - 3 out of 93 pages.

H SEAT NUMBER: ROOM: MACQUARIE University FAMILY NAME: This question paper must be returned. Candidates are not permitted to remove any part of it from the examination room. OTHER NAMES: STUDENT NUMBER: FORMAL EXAMINATION PERIOD: SESSION 2, NOVEMBER 2017 ACCG872 Unit Code: Advanced Financial Reporting Unit Name: Duration of Exam (including reading time if applicable): 3 hours plus 10 minutes reading time 10 Total No. of Questions: Total No. of Pages (including this cover sheet): 4 GENERAL INSTRUCTIONS TO STUDENTS: Students are required to follow directions given by the Final Examination Supervisor and must refrain from communicating in any way with another student once they have entered the final examination venue. Students may not write or mark the exam materials in any way during reading time. Students may only access authorised materials during this examination. A list of authorised material is available on this cover sheet. All watches must be removed and placed at the top of the exam desk and must remain there for the duration of the exam. All alarms, notifications and alerts must be switched off . Students are not permitted to leave the exam room during the first hour (excluding reading time) and during the last 15 minutes of the examination. If it is alleged you have breached these rules at any time during the examination, the matter may be reported to a University Discipline Committee for determination. EXAMINATION INSTRUCTIONS: There are ten (10) questions. Students must answer all questions in two answer books (18 pages). AIDS AND MATERIALS PERMITTED/NOT PERMITTED: Dictionaries: None permitted. Calculators: A non-programmable calculator (no text retrieval capacity) is permitted. Other: Closed book - no notes/textbooks permitted
Image of page 1
Questions: 1. When a person practices critical thinking it is important to understand the difference between critique and criticism. (6 marks total) a. Define "critique from a critical thinking perspective and give an example. (3 marks) b. Define "criticism from a critical thinking perspective and give an example. (3 marks) 2. In the Facione critical thinking article, he distinguished between System 1 and System 2 thinking. (8 marks total) a. Define "System 1 thinking and give an example. (4 marks) b. Define "System 2 thinking and give an example. (4 marks) 3. In the Facione critical thinking article, he identifies the concept of a "Dominance structure (6 marks total) a. Define "Dominance structure . (3 marks) b. What is the disadvantage of the "Dominance structure when doing critical research? (3marks) 4. Barker (2015) outlines that the IASB wants to reintroduce "cautious prudence because it promotes neutrality (lack of bias). (8 marks total) a. Is it always possible to reliably measure assets and liabilities? (4 marks) b. If assets and liabilities are not measured using neutrality, what is the end result? (4 marks) 5. For listed entities, the Corporations Act s299A(1), sets out additional requirements for a directors report (10 marks total) a. What is the report called? (2 marks) b. What is
Image of page 2
Image of page 3

You've reached the end of your free preview.

Want to read all 93 pages?

  • Summer '15
  • The Land, Non-executive director, dick smith

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture