Group Assignment Brief 2025/26

Please ensure you read the assessment question or task carefully and fully understand what is being asked.

If anything is unclear or you have questions, please post them on the course Moodle Discussion Forum, and a member of the teaching team will respond directly there.

Assessment Information

1.  QUESTION/ DESCRIPTION OF ACTIVITY

Assessment Question:

1.   Discuss the development of fair value measurement under IASB standards AND critically assess its contribution to the quality of financial reporting for investors.

2.   Develop a methodological section that explains your approach in identifying and using academic literature to develop your essay. (Advice: You could reflect on how you have conducted the literature search and the criteria for selecting and using literature; it is suggested that you use around 300 words).

3.   In your group record (see below for more details), you should also include a reflective paragraph as a group (suggested to use up to 400 words) elaborating on the challenges faced and insights obtained during the group work. This group record does not contribute to the total word count but will be evaluated according to the assessment criteria.

Please note: we are aware that it is important for you to develop digital literacy, and the University’s position on the usage of Generative AI is supportive. However, it is of paramount importance that you strictly comply with our University’s policy on the usage of Generative AI. Please read carefully the information provided on the webpage below:

https://www.gla.ac.uk/myglasgow/sld/ai/students/

If you have adopted AI tools to facilitate formulating your group assignment, please also  include a critical reflection on your approach in the methodological section. (For example, you can reflect on the advantages and disadvantages, how you have taken a critical view of the materials generated by AI and maintain your academic integrity, etc.)

A minimum of 10 academic journal papers are required in the essay. You should include the three references from the list below, but you must also conduct your own literature search to find at least seven other appropriate journal papers.

The required maximum word count is 2500, which does not include the final reference list and the Appendix. We will not mark beyond 2500 words.

Suggested References:

•         Pelger, C. (2020) The Return of Stewardship, Reliability and Prudence – A

Commentary on the IASB’s New Conceptual Framework, Accounting in Europe, 17(1), pp. 33-51.

•         Mora, A., McGeachin, A., Barth, M.E., Barker, R., Wagenhofer, A. and Joos, P.

(2019) Fair Value Accounting: The Eternal Debate - AinE EAA Symposium, May 2018, Accounting in Europe, 16(3), pp. 237-255.

•         Power, M. (2010) Fair value accounting, financial economics and the

transformation of reliability, Accounting and Business Research, 40(3), pp. 197- 210.

Additional Information for this group assignment:

A group record should be kept of all group meetings. It is required that at least four meetings should be held. This record should be attached to your submitted group essay as an Appendix. This record should clearly indicate the date and location of each meeting, the student number of those who attended, the role allocated to each member, the main items discussed, the main decisions taken, and the main plan for the next meeting.

2.  ADDITIONAL INFORMATION FOR GROUP ASSESSMENT