Recent Question/Assignment

Assessment 2 Information
Subject Code: FINM4100
Subject Name: Analytics in Accounting, Finance and Economics
Assessment Title: Blockchain, Fintech and Regtech
Assessment Type: Report (individual)
Word Count: 1700 Words (+/-10%)
Weighting: 40 %
Total Marks: 40
Submission: Turnitin
Due Date: Monday 23:55 AEST Week 10
Your Task
• Create a report on Blockchain in the context of Fintech and RegTech.
• This task is to be done as an individual.
• Submit your report as a Word file using Turnitin on Monday 23:55 AEST
Assessment Description
Learning Outcomes: LO2, LO4 and LO5
Background: Blockchain is an emerging technology of great importance in Finance, Economics and Accounting. It impacts the way we deal with and monitor financial transactions, trade, identify ourselves, and is having an impact on auditing and regulation.
Imagine that you are a compliance manager in a financial institution. Your company wants to use blockchain for three purposes
1. As a mechanism for secure digital transactions and smart contracts
2. As a way of managing digital identities
3. To offer clients the chance to invest in cryptocurrencies however, the executives are not sure of all of the benefits of these applications or possible ethical, legal and privacy issues.
You are to explain what blockchain is, explain these uses (applications) and how it will benefit yourself and the company auditors in a report, as outlined below.
Assessment Instructions
Do your initial research from the workshops then find relevant articles on the internet to support your statements.
You are to write a report as follows:
A. Introduce the idea of blockchain and its applications in general. [400 words, 8 marks]
B. Briefly explain the applications that we are focussing on here (1,2 & 3 above, i.e. secure digital transactions and smart contracts, digital IDs and investment in cryptocurrencies).
[200 words, 4 marks]
C. There have been dramatic fluctuations in cryptocurrency prices with current values a fraction of what they were 12 months ago. What are your views on the future of cryptocurrencies?
What are their pros and cons?
[400 words, 8 marks]
D. Describe the benefit blockchain can offer auditors and compliance officers and subsequent positive impact on the organisation. [300 words, 6 marks]
E. Assess possible ethical and privacy implications of the applications at the financial institution at which you are imagining that you work. The impact could be on staff and/or customers.
[400 words, 8 marks]
F. Use at least ten relevant references and the Harvard referencing style. References must be relevant to what you are discussing in each paragraph. [3 marks]
G. Taking care with your report structure and novel written presentation. [3 marks]
Some Starting references
blockchain#:~:text=Blockchain%20is%20a%20system%20of,hack%2C%20or%20cheat%20the%20 system.&text=Each%20block%20in%20the%20chain,added%20to%20every%20participant's%20le dger
considerations/#:~:text=The%20development%20and%20application%20of,integrity%20of%20the% 20system%2C%20and

Important Study Information
Academic Integrity Policy
KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy.
What is academic integrity and misconduct?
What are the penalties for academic misconduct?
What are the late penalties?
How can I appeal my grade?
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Word Limits for Written Assessments
Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.
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Assessment Marking Guide
FINM4100 Assessment 2
Has demonstrated limited achievement:
Has achieved all or most of:
Report Content
0-16 17-34 /34
• Has not explained the idea of blockchain and general applications in an accurate/convincing way
• The three applications are not relevant, have parts missing or not explained well
• It has not been clear why the nature of blockchain has made these applications possible and there is not enough detail on how the applications work
• Benefits for auditors and compliance officers are too general, missing, out of context or not relevant
• Ethical and privacy implications are too general, missing or not relevant
• Has explained the idea of blockchain and general applications in an
accurate and convincing way
• The three applications are relevant, have explained clearly
• It is clear why the nature of blockchain has made these applications possible and there is enough detail on how the applications work
• Benefits for auditors and compliance officers are relevant, practical and accurate
• Ethical and privacy implications are relevant and explained clearly
Structure and Referencing
0-3 4-6 /6
• Not appropriate for a report
• Does not flow
• No novelty and/or not engaging Referencing
• References are missing
• Not relevant
• In text references are not related to the paragraphs in which they appear
• Harvard referencing style was not used
• Appropriate for a report
• Flows well
• Has novelty and is very engaging Referencing
• References are present
• Relevant
• In text references are related to the paragraphs in which they appear
• Harvard referencing style was used correctly
Assignment Submission
Students must submit their individual report via Turnitin on Monday of Week 10 at 23:55 AEST.
This file must be submitted as a Microsoft word document to avoid any technical issues that may occur from incorrect file format upload. Uploaded files with a virus will not be considered as a legitimate submission. Turnitin will notify you if there is any issue with the submitted file. In this case, you must contact your lecturer via email and provide a brief description of the issue and a screen shot of the Turnitin error message.
Students are also encouraged to submit their work well in advance of the time deadline to avoid any possible delay with Turnitin similarity report generation or any other technical difficulties.
Late assignment submission penalties
Penalties will be imposed on late assignment submissions in accordance with Kaplan Business School’s Assessment Policy.
Number of days Penalty
1* - 9 days 5% per day for each calendar day late deducted from the student’s total Marks.
10 - 14 days 50% deducted from the student’s total marks.
After 14 days Assignments that are submitted more than 14 calendar days after the due date will not be accepted and the student will receive a mark of zero for the assignment(s).
Note Notwithstanding the above penalty rules, assignments will also be given a mark of zero if they are submitted after assignments have been returned to students.
*Assignments submitted at any stage within the first 24 hours after deadline will be considered to be one day late and therefore subject to the associated penalty.
If you are unable to complete this assessment by the due date/time, please refer to the Special Consideration Application Form, which is available at the end of the KBS Assessment Policy: