ACCT7102 Assignment Semester 1, 2026

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ACCT7102 Financial Accounting– Assignment

Revenue Recognition at Stride Funding
Due Date for Submission: 14:00 Tuesday 5th May 2026
(Weight: 25% of Final Grade)
Instructions
This assignment is designed to examine the application of Topic 6 revenue recognition and Topic
7 Assignment preparation and development. It will assess your report writing skills, general
accounting knowledge, and ability to critically evaluate complex case scenarios.

This assignment is to be completed on an individual basis and students should independently
prepare their assignments.

Criteria & Marking
A full marking criteria sheet is available from Blackboard. Review the rubric carefully before you
commence work to ensure you understand the requirements of the assessment and how it will be
assessed.

Format & Length
The assignment is to be prepared as a Word document using 12 point font with 1.5 line spacing,
and 2.54cm margins (left, right, top and bottom). Your written responses to assignment tasks will
be limited to a maximum of 1,200 words (excluding the appendix and reference list). Any
materials exceeding the word limit will not be read or marked. File name should include your
student number and full name. (e.g., ‘123456_Byungki_Kim.docx’).

Referencing Style
You are required to use the APA (7th) referencing style for in-text citations and your reference list.
Details of the APA referencing style are available from the Library guide at:
https://guides.library.uq.edu.au/referencing. It is critical that the referencing style is consistently
applied.

Submission
The assignment is to be submitted through TurnItIn, which is available in an Assignment folder
on the course’s blackboard website. If you experience problems uploading your assignment before
the due date, please contact AskIT for help, and continue to try to upload the assignment until you
are successful. Note that assignment submission is a three-step process and it is your responsibility
to check the assignment preview and confirm that the assignment has been successfully submitted.
You can submit as many times as you wish, and only the latest submission will be marked.



ACCT7102 Assignment Semester 1, 2026

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Plagiarism
All cases will be reviewed for plagiarism and independent content. The University has adopted the
following definition of plagiarism:

Plagiarism is the act of misrepresenting as one's own original work the ideas, interpretations,
words or creative works of another. These include published and unpublished documents, designs,
music, sounds, images, photographs, computer codes and ideas gained through working in a group.
These ideas, interpretations, words or works may be found in print and/or electronic media.

Students are encouraged to read the UQ Student Integrity and Misconduct policy
(http://ppl.app.uq.edu.au/content/3.60.04-student-integrity-and-misconduct) which makes a
comprehensive statement about the University's approach to plagiarism, including the approved
use of plagiarism detection software, the consequences of plagiarism and the principles associated
with preventing plagiarism.

Use of Generative Artificial Intelligence (AI)
Artificial Intelligence (AI) and Machine Translation (MT) are emerging tools that may support
students in completing this assessment task. Students may appropriately use AI and/or MT in
completing this assessment task. Students must clearly reference any use of AI or MT in each
instance. A failure to reference generative AI or MT use may constitute student misconduct under
the Student Code of Conduct.

Late Submission
An assignment submitted after the due date and time for which no extension has been granted prior
to the due date will incur a late submission penalty. The penalty is applied at the rate of 10% of
the total available marks for the assignment for each calendar day or part thereof that the
assignment remains overdue. Late assignments may be submitted through TurnItIn, since all
assignments automatically have a time/date stamp of when they are submitted. However, please
contact the course coordinator if you are submitting a late assignment.





ACCT7102 Assignment Semester 1, 2026

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Assignment Overview
The case is on revenue recognition at Harvard Business Publishing. Although this is based on U.S.
GAAP, the revenue recognition model (i.e., ASC 606) is generally the same with Australian
standard (i.e., AASB 15). Thus, please apply AASB 15 taught in the seminar for the case analysis.

Question 1. (20%)
Please identify and discuss performance obligations outlined in contracts between Stride Funding
and customers in accordance with the requirements of AASB 15.

(Tip: Exhibit 6 presents description of fees and related services.)

Question 2. (30%)
For each performance obligations identified in Question 1, please determine the appropriate timing
for recognising revenue with reference to AASB 15 and allocate the transaction price to the
performance obligations in the contract. In allocating the transaction price, let’s assume that
services completed upfront account for 30% of the total costs of services related to the program
fee and profit margin is constant across the services.

Question 3. (20%)
Compare projected revenues based on cash-based accounting and under AASB 15. Please make a
recommendation on whether to adopt AASB 15 at this stage.

(Tip: Exhibit 7 presents projected revenues under cash-based accounting.)

Question 4. (20%)
Early-stage non-listed firms such as Stride Funding have discretion in adopting GAAP. Assume
the adoption of GAAP significantly changes the reported earnings, please discuss potential
determinants of the adoption from this perspective. Students should justify their answer with
reference to at least two high-quality academic research articles.

Professional and Effective Writing Skills (10%)
Marks will be allocated for effectiveness of the written communication, clarity of expression, and
referencing.



ACCT7102 Assignment Semester 1, 2026

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* For the purpose of this assessment, high quality academic articles are articles published in the
following journals:

Accounting Auditing and Accountability Journal
Accounting, Organizations and Society
Auditing: A Journal of Practice and Theory
Journal of Accounting Research
British Accounting Review
Contemporary Accounting Research
Journal of Accounting and Economics
Journal of Business Finance & Accounting
Journal of Management Accounting Research
Management Accounting Research
Review of Accounting Studies
The Accounting Review
The European Accounting Review
Abacus
Accounting and Business Research
Accounting and Finance
Accounting Horizons
Journal of Accounting and Public Policy
Journal of Accounting Auditing and Finance
The International Journal of Accounting
Journal of Financial Reporting

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