Create the changes in Equity and Balance sheet

Assignment Help Managerial Accounting

Reference no: EM132300105 , Length: word count:2000

Business Accounting Assignment - Individual Business Report

Assessment Task: Business reports are practical learning tasks where students apply the theories they have been studying to real world situations. The students are required to select a topic or work on a topic provided by the lecturer, collect information (Primary and/or secondary) or work on the information provided by the lecturer, and prepare a report describing a business problem or incident.

ASSESSMENT DESCRIPTION: Every student for this assignment is required to find the assignment question, analyse the given information, make calculations where relevant and draw relevant, supported conclusions and make justified recommendations. Responses are to be formatted into a professional report for each part of each question, as would be expected of someone working in a modern accountant's office.

Step 1: Get your allocated question.

Step 2: Journalise the adjustment transactions (adjustments sheet).

Step 3: Post adjusting journal entries and complete the Worksheet.

Step 4: Create the Income Statements from the completed Worksheet.

Step 5: Journalise the closing entries.

Step 6: Create the changes in Equity and Balance sheet from the completed Worksheet.

Step 7: Answer the following questions considering proper referencing;

1) What is a trial balance, why do we create it?

2) What are adjustment journal entries? Why do we record the adjustment journal entries?

3) What is the purpose of writing an adjusted Trial balance?

4) How adjustment journal entries are different from the closing journal entries?

The report should be in just one word format file and total number of words including numbers should be 2000 words and proper referencing.

Attachment:- Assignment Files.rar

Reference no: EM132300105

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Reviews

len2300105

5/6/2019 5:45:16 AM

Word Limit – 2000. There is no introduction nothing typing words, It's accounting so I have send procedure as attached in excel file. The report should be in just one word format file and total number of words including numbers should be 2000 words and proper referencing. Penalty will be applied to late submission or high similarity rate assignment.

len2300105

5/6/2019 5:45:10 AM

ASSESSMENT SUBMISSION: The assignment must be submitted online in Moodle. All materials MUST be submitted electronically in Microsoft Word format. Other formats (e.g., pdf or MAC file) may not be readable by markers. Please be aware that any assessments submitted in other formats will be considered LATE and will lose marks until it is presented in MS Word. No paper based or hardcopy submission will be accepted.

len2300105

5/6/2019 5:45:04 AM

MARKING GUIDE (RUBRIC): presentation - Excellent level Exemplary: demonstrates complete understanding (10 marks). Proper referencing- number of references - Excellent level Exemplary: demonstrates complete understanding (10 marks). Information Analysis - Excellent level Exemplary: demonstrates complete understanding (30 marks). Relevant Calculation - Excellent level Exemplary: demonstrates complete understanding (30 marks). Supported conclusions and justified recommendations - Excellent level Exemplary: demonstrates complete understanding (20 marks).

len2300105

5/6/2019 5:44:48 AM

GENERAL NOTES FOR ASSIGNMENTS - Assignments should usually incorporate a formal introduction, main points and conclusion, and will be fully referenced including a reference list. The work must be fully referenced with in-text citations and a reference list at the end. We strongly recommend you to refer to the Academic Learning Skills materials available in the Moodle. We recommend a minimum of FIVE references, unless instructed differently by your lecturer. Unless specifically instructed otherwise by your lecturer, any paper with less than FIVE references may be failed. Work that includes sources that are not properly referenced according to the “Harvard Referencing Workbook” will be penalised.

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