BM053-3.5-2 - COMACC Individual Assignment Page 2 of 2 ANSWER ALL QUESTIONS QUESTION 1 A friend who likes to invest in the stock market made the following statements to you recently. “I don’t invest in entities that operate in service or knowledge – based industries because their financial statements don’t really reflect the true value of the entity. This makes it very difficult for me to make informed decisions about whether to invest or not.” REQUIRED: (a) Discuss why an investor may arrive at the conclusion that the financial statements of entities operating in service and knowledgeable based industries are not useful for making investments decisions. (10 marks) (b) Explain the recognition criteria that prevent human capital being recognized as an asset in the financial statements. (10 marks) (Total 20 marks) QUESTION 2 BNM is a knowledge – based business, which relies on key personnel and internally generated intellectual capital to generate revenue. BNM is listed on local exchange. The directors believe that the information provided by the annual financial report fails to provide a complete picture of the activities and economic environment in which BNM operates. They are keen to ensure that current and potential investors are aware of the intellectual property that is a primary resource in the business. The business has cultivated key customer relationship and as a result has secured four large contracts that will run for at least the next three years. The directors of BNM consider themselves to be socially and environmentally aware and have made efforts to improve the entity’s reputation as a good corporate citizen. They are considering including some form of additional narrative disclosure within the next annual report. REQUIRED: (a) Discuss the potential advantages that could be gained by BNM if included voluntary narrative disclosure within the annual report. (6 marks) (b) Discuss the potential drawbacks of voluntary disclosure being included in annual report. (6 marks) (Total 12 marks) QUESTION 3 The International Accounting Standards Board (IASB) and the standard – setter in the USA, the Financial Accounting Statement Board (FASB), have been working together towards convergence of their respective accounting standards. Part of the process has been the review of the IASB’s Framework for the Preparation and Presentation of Financial Statements. REQUIRED: (a) Explain the potential benefits that a common conceptual framework could bring to the standard – setting process. (6 marks) (b) Discuss the potential benefits of convergence to investors. (6 marks) (c) Discuss the potential impact of convergence on entities that operate globally. (6 marks) (Total 18 marks) (Overall 50 marks) APU Level 2 Asia Pacific University of Technology & Innovation 201306 We begin our sixth week by looking at the great post-classical civilizations ...

1. BM053-3.5-2 - COMACC Individual
Assignment
Page 2 of 2
ANSWER ALL QUESTIONS
QUESTION 1
A friend who likes to invest in the stock market made the
following statements to you recently. “I don’t invest in entities
that operate in service or knowledge – based industries because
their financial statements don’t really reflect the true value of
the entity. This makes it very difficult for me to make informed
decisions about whether to invest or not.”
REQUIRED:
(a) Discuss why an investor may arrive at the conclusion that
the financial statements of entities operating in service and
knowledgeable based industries are not useful for making
investments decisions.
(10 marks)
(b) Explain the recognition criteria that prevent human capital
being recognized as an asset in the financial statements.
(10 marks)
(Total 20 marks)
QUESTION 2
BNM is a knowledge – based business, which relies on key
personnel and internally generated intellectual capital to
generate revenue. BNM is listed on local exchange. The
directors believe that the information provided by the annual

2. financial report fails to provide a complete picture of the
activities and economic environment in which BNM operates.
They are keen to ensure that current and potential investors are
aware of the intellectual property that is a primary resource in
the business. The business has cultivated key customer
relationship and as a result has secured four large contracts that
will run for at least the next three years.
The directors of BNM consider themselves to be socially and
environmentally aware and have made efforts to improve the
entity’s reputation as a good corporate citizen. They are
considering including some form of additional narrative
disclosure within the next annual report.
REQUIRED:
(a) Discuss the potential advantages that could be gained by
BNM if included voluntary narrative disclosure within the
annual report.
(6 marks)
(b) Discuss the potential drawbacks of voluntary disclosure
being included in annual report.
(6 marks)
(Total 12 marks)
QUESTION 3
The International Accounting Standards Board (IASB) and the
standard – setter in the USA, the Financial Accounting
Statement Board (FASB), have been working together towards
convergence of their respective accounting standards. Part of
the process has been the review of the IASB’s Framework for
the Preparation and Presentation of Financial Statements.
REQUIRED:
(a) Explain the potential benefits that a common conceptual
framework could bring to the standard – setting process.
(6 marks)
(b) Discuss the potential benefits of convergence to investors.

3. (6 marks)
(c) Discuss the potential impact of convergence on entities that
operate globally.
(6 marks)
(Total 18 marks)
(Overall 50 marks)
APU Level 2
Asia Pacific University of Technology &
Innovation 201306
We begin our sixth week by looking at the great post-classical
civilizations in the Islamic areas, China, and India. Please
answer at least ONE of the following questions.
Remember to answer as completely as possible, and explain
using specific facts, events, and other points. Organize the
answers and produce well-written efforts. Work to develop the
answer beyond basic facts by explaining points fully. As a
short cut, you may cite the text as "Bentley and Ziegler, 108"
(noting authors and page numbers). Other sources should be
cited fully using the University of Chicago Style (Turabian).
When in doubt, cite and reference completely.
Remember, please post by Thursday.
1. Describe the important political, economic, religious, and
social changes that affected India after 500 A.D. (CE) What new
migrations occurred and how did these affect the region?
Compare north India with the south (the Decca). Compare and
contrast these changes for each geographic region and explain
when these happened. (Don't forget the issue of caste).
2. How do Indian political organizations, culture, and religions
affect South and Southeast Asia in the period between 500 and
1500 A.D. (CE)? Explain how Indian advances arrived in these
regions, who was involved, and how the native states and
cultures reacted. Provide specific examples.

4. 3. Describe the technological and economic innovations, along
with political events, that drove Indian Ocean trade and
commerce in the thousand years after the end of the classical
period. Who and what regions were involved? How did the
development of economic specialization assist in the growth of
material exchange? Explain.
4. How does Islam develop in the 7th century A.D. (CE)? Who
is Muhammed and what are the five (or six pillars) of the faith?
What are the Quran, the hadith, and sharia, and why are they
important? Explain. How do Arab Bedouin, Jewish, Christian,
and merchant communities influence Islam? How does Islam
split into Shia and Sunni communities? Discuss.
5. Explain how Islam created an empire over three continents
in the century after Muhammed's death? What dynasties rule
these areas and where is the center of power for each? Explain
how the new empire draws on areas it conquered for techniques
and knowledge. What economic and agricultural developments
result from the unification of these areas? Discuss trade,
banking, and other advances.
6. Compare the role of women, peasants, merchants, aristocrats
and other social classes in the the Islamic empire, in Sui, Tang,
and Song China, and in India. What similarities does one see in
these areas? What differences are apparent? Explain, citing
examples.
7. Who restores imperial unity in China and why do the Sui
collapse so quickly? Compare the Sui Dynasty, with the Tang
and Song. What policies were similar in these post-Han
dynasties? What were different? What kinds of economic and
technological development occurred from 500 to 1300 A.D.
(CE)? Explain, citing examples. How does China influence its
neighbors (Korea, Vietnam, and Japan)? Discuss.
8. Compare and contrast the impact of religion (Islam,
Buddhism, and Hiduism) affect each area in the period 500 to
1300? How do these support or undermine the development of
the state and administration? Provide examples. What is neo-
Confucianism and how does it affect Buddhism and Daoism in

5. China? Explain.
9. After answering one of the questions above, please post any
questions or issues you think need to be addressed for your
colleagues to consider.
B and Z, chapters 13-15 (make certain to read the highlighted
sections in each chapter)
One primary source reading from chapters 13-15 from the
publisher's website (www.mhhe.com/psi and click Traditions &
Encounters 5e)
HISTORY PAPER!!
The student will prepare a detailed annotated time line
throughout the term. This time line may be presented as a Word
document or in a PowerPoint slide or presentation. The student
should work consistently through the term to add details related
to the world history chronology. Do not wait until the last day
to work on this project. Specific requirements of the time line
should include gender and geography components and the main
concepts anchored in the textbook. See schedule for due date.
Policy: In this conference you are expected to post your
comments on "Life's Origin and Early Evolution". First, read
my Course Content Item and the pertinent part of the text book
(pages 282-295)
Policy: In this conference you are expected to post your
comments on "Viruses, Bacteria, and Archaeans". First, read my
Course Content Item and the pertinent part of the text book
(pages 296-309)

6. Policy: In this conference you are expected to post your
comments on "Protists". First, read my Course Content Item and
the pertinent part of the text book (pages 310-323).
Policy: In this conference you are expected to post your
comments on "Plants". First, read my Course Content Item and
the pertinent part of the text book (pages 324-341
Policy: In this conference you are expected to post your
comments on "Fungi". First, read my Course Content Item and
the pertinent part of the text book (pages 342-351).