1. This assignment is to be submitted as an individual assignment.
2. Marks will be deducted for poor quality presentation. For guidance on the requirements for the presentation of the financial statements refer to the examples in your text and the relevant accounting standards.
3. The assignment should be submitted firstly in your tutorial as a hard copy printed on A4 paper. The pages of the hard copy should be stapled at the top left hand corner. Do not bind your assignment. The first page of the assignment MUST be the assignment cover page. Assignments which do not have this page attached will not be accepted. The cover page of the hard copy is to be signed by the student.
4. The assignment is be submitted electronically together with the Submission Schedule, in the assignment drop box within the unit's vUWS site. The receipt date and time of the submission to the unit's vUWS site is the only source of verification that will be used to determine whether the assignment was lodged on time. The assignment which must be complete, must be submitted no later than 6pm on Monday 6 May, 2011. The vUWS system will not accept assignments after this time.
5. As part of your preparation for the assignment, you should consult your text, lecture materials plus the 2011 Accounting Handbook to familiarise yourself with the many standards that will impact upon the preparation and presentation of financial statements.
This is not an assignment that you will commence the night before it is due. Complexities have been incorporated into this assignment which reflect issues occurring in the life of an accountant charged with the responsibility of producing financial reports. These complexities can be resolved by thoroughly reading the relevant material in your text and consulting the Accounting Handbook. Everything you need to know in answering this assignment is in these texts.
Please do not under any circumstances think that you can copy any part of the assignment prepared by another student. The solutions to this assignment are unique to individual students. It is good academic practise for students to support one another by learning collaboratively by, for example, demonstrating how to perform a calculation, or show the process to solve a problem or show where in the text the procedure can be located. But be warned - any student found to have participated in cheating (this includes providing solutions or completing any part of an assignment for another student) will be dealt with in accordance with University policy.