3. Rate your team and other members 1 Extremely well 2 Well 3 Adequately 4 Poorly Overall, how efficiently did the team work together on this assignment? None One Two Three Excluding yourself, how many team members failed to participate actively most of the time? Excluding yourself, how many team members failed to fully prepare for the activity? Prior to submission of your assignment make sure your work is p roperly edited and proofread. Please use spelling and grammar checkers. You would like to obtain assistance from the Language and Academic Skills (LAS) Centre to improve your assignment and your writing skills. If you intend to obtain assistance from LAS then you should contact them as soon as possible. This can be done even before you have started working on your assignment. For more information about LAS and how to contact them - http://www.swinbume.edu.au/student/study-help/las.html You may also benefit from using Writer's Diet ( http:/writersdiet.com/?page id=4 ) - a free online tool that help you improve the quality of your written work. Objectives of the Assignment There are two objectives for this assignment. The first objective is to assist you achieve the following Unit Learning Outcomes (ULOs): 1. Demonstrate comprehensive accounting knowledge in such areas as business combinations, consolidations, accounting for income tax, property plant and equipment, impairment of assets, revenue, leases and financial instruments, and preparation of group financial statements. 2. Apply critical thinking and problem solving skills to solve financial accounting problems. 3. Undertake independent research skills and communicate solutions utilizing relevant accounting standards, corporations' legislation and accounting and other relevant frameworks. 4. Work collaboratively in groups to develop appropriate and relevant solutions to accounting problems