Module Code: MGT225

Coursework Code: 1

Module Title: Intermediate Financial Accounting

Date Available: w/c 11 March 2024

Submission details:  Monday 29 April 2024, 12pm (noon)

Electronic submission only through Blackboard

You are now allowed to utilise the Turnitin Check before the assignment deadline which can be accessed via the information room.  This allows you to generate an originality report and use this to improve your referencing and citation skills.

Please note: Turnitin Check is NOT the final submission – you still need to submit your work to the Assignment Link on the module Blackboard site, otherwise it will be marked as Not Submitted.

You should note that the time of submission is taken from once the document has been successfully uploaded and confirmed – this may take more than five minutes during busy periods. Late penalties will be applied to any work submitted from 12.01pm on Monday 29 April 2024 onwards. Details of how to calculate a late penalty can be found in your programme Handbook. It is your responsibility to ensure the correct document/file has uploaded successfully.

When submitting students must:

1. Include a completed cover sheet (available from Blackboard (MOLE))

2. Use ‘Student Number, MGT225-1’ (e.g. 190011001 MGT225-1) as the document’s file name and also as the Assignment Title in Turnitin.

Contribution to Final Mark for Module: (25%)

Maximum Word Length: 1000 words

Unless otherwise specified, the word count is for the main body of the text and ignores the reference list and appendices.  If you exceed the word length you will be penalised.  For details see the Management School Handbooks.

Please note that SUMS does not have a word count tolerance - it is a stated maximum as outlined above.

 Required: 

(1) Using Lin, Riccardi and Wang (2019) and Yip and Young (2012) and any other relevant academic materials,  critically discuss to what extent IFRS contributes to the international harmonisation of financial reporting. (1000 words).

(2) Complete the Appendix, at the end of this document with regard to the use or non-use of Generative AI (if using AI, first confirm that your use of the Generative AI is in line with the University (https://www.sheffield.ac.uk/academic-skills/generative-ai-assessment ) and with the Management School (https://docs.google.com/document/d/18R2xxv2dy93ToKsCEnH-tD4UXGsvmmRj/edit ) policies. If you did not use Generative AI, you need to note that clearly in the Appendix).

Please attach the appendix to your assignment and submit as one document.

References:

Lin, S., Riccardi, W. N., Wang, C., Hopkins, P. E., & Kabureck, G. (2019). Relative effects of IFRS adoption and IFRS convergence on financial statement comparability. Contemporary Accounting Research, 36(2), 588-628.

Yip, R.W.Y and Young, D (2012) Does Mandatory IFRS Adoption Improve Information Comparability? The Accounting Review, 87 (5), 1767-1789.

(You can obtain these articles from the electronic journals in the library. After logging into MUSE you should click on StarPlus – Library Catalogue. Then for each article, type the title of the article. If you have any problems finding the articles you should contact the staff in the library for assistance.)