Explain how is each relevant to accounting

Assignment Help Accounting Basics
Reference no: EM131751190

Assignment task 1

Provide APA references for each question and provide a Bibliography/ Reading List of all references at the end of your assignment.

Q1 Plagiarism
Define plagiarism? Why is plagiarism/collusion unfair to honest students? Reference Internet sources.

Q2 Pasting spreadsheets in doc files

Q3 Accounting resources on the Internet

List four web sites relevant to accounting together with their URLs. Explain how is each relevant to accounting.

Q4 Professional accounting bodies

Find online an Australian professional accounting organisation. Describe a resource within this website (apart from ABC Learning), potentially relevant to your study of accounting. Explain why you chose this resource.

Q5 Work Integrated Assessment (about 300 words).

Describe the computing environment in your current or previous workplace or home office; equipment, software, processes etc. Or answer this question in relation to a possible future workplace position.

The above five questions are designed to assess your ability to use and evaluate digital resources for accounting and can be answered from any source including the computer sections of magazines and newspapers or by access to the Internet. If using the Internet include the URL reference.

Q6 ABC Learning and ethics - ABC Learning Case Study

Watch the six CPA ABC Learning movies.

Prepare a business report covering the following (about 500 words)
1. What went wrong at ABC Learning?
2. What are the major financial reports? What is the purpose of each?
3. Identify 3 ethical issues from the case study.

Q7 PALER
Spreadsheet - check the assignment and spreadsheet requirements.
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose.
B. Create a spreadsheet solution.

Q8 Balance Sheet Equation
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose.
B. Spreadsheet required. Note that Interact2 resources including the Spreadsheet Advice PDF and the worksheet video may assist in completing this assignment question.

In this case, the Report section will look just like the data section but will contain only formulas. In some cases, the cells in the report will be, for example =D8. The yellow highlighted cells will contain the answers.

C. For each number calculated, briefly explain how you derived the answer.

Q9 Debit and credit balances
List two accounts with normal debit balances. List two accounts with normal credit balances.

Q10 Trial balance
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose.
B. Create a spreadsheet solution. Paste normal and formula views.
C. Change 2 numbers such that the trial balance still balances. Paste this new normal view. There should be no need to paste a new formula view. Ensure that you choose the 2 changes yourself. Highlight the data changes with the yellow highlighter in Excel.
Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.

Q11 Crossword
See page 92 and 93 of your text. Create your own simple crossword using at least 5 accounting terms and clues. Hint: there are free crossword creation apps online. Make two copies of your crossword - one blank and one completed.

Q12 Types of adjusting entries
List two types of period end adjusting entries and give journal entries examples of each.

Q13 Current and non-current assets
Distinguish between current and non-current assets. Give two examples of each.

Q14 Ratios
Explain the current ratio and the debt ratio. Create your own numerical examples.

Q15 Worksheet and financial reports
Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose.
B. Spreadsheet. Add a ten column worksheet beneath the following data. Below that report, create the three financial reports. Paste the normal and formula view.
B. In a second version, make four changes to the data such that a loss is reported. Paste the second normal view.

Attachment:- Balance sheet.rar

Verified Expert

Pl. note, I have put the formula's in most of cases. For some, it is very much self explanatory. Also I have put questions and then answers in word file and put Question No. in excel sheet as it is just for reference. This is best I could do.More changes are not possible, since I will be away for two days as attending funeral of close relative.

Reference no: EM131751190

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inf1751190

4/21/2018 5:01:17 AM

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len1751190

12/5/2017 5:50:15 AM

Please read this in conjunction with the assignment requirements below. Single spacing and small margins are welcome to save paper. For any business report style questions a report structure is expected. Provide references throughout your assignment including page references to texts, articles and URL’s of websites. APA is the referencing style used by the Faculty of Business. Acknowledge ALL sources used. At the end of your assignment include a complete Bibliography (Reference List) of resources actually used including the Internet, textbook, Interact resources, software help files and videos supporting this subject.

len1751190

12/5/2017 5:50:05 AM

Criteria Relevance of the answer Are the important issues raised in the question identified? Did the student answer the questions? Critical capacity Has reference material been carefully analysed or critically accepted? Structure of the answer Is the answer well-structured and the argument logically developed? Writing style Is the style concise and lucid or confused, making it difficult for the reader to get the point? Scope of reading Does the answer indicate a satisfactory coverage of literature relevant to the questions? Answers should: o be well planned with arguments flowing logically; o use correct sentence structure, punctuation and spelling; o present original ideas where appropriate; and o present a justified conclusion and acknowledge all sources.

len1751190

12/5/2017 5:49:54 AM

Distinction. To meet this level, you will attain a cumulative mark between 75%-84%. A mark in this range indicates that you have comprehensively met the learning outcomes for this task, including competently applying correct analytical methods and techniques, judging between different accounting and financial management ideas and interpretative techniques in management decision making and efficient allocation of business resources and designing reports and spreadsheets for effective use in management decision making. This mark also indicates your assignment will: • be neatly presented with very few spelling and grammatical errors, • be the result of your original work, • include references, acknowledging all sources used according to APA 6th style • be mostly complete • evaluate many of the issues raised in questions • provide examples where appropriate, and • comply with most spreadsheet requirements.

len1751190

12/5/2017 5:49:44 AM

High Distinction. To meet this level, you will attain a cumulative mark between 85%-100%. A mark in this range indicates that you have met the learning outcomes for this task to an exceptional level, including skilfully applying correct analytical methods and techniques, deconstructing information and reflecting on different accounting and financial management ideas and interpretative techniques applied in management decision making and efficient allocation of business resources, and creating professional reports and spreadsheets that can be used in management decision making. This mark also indicates your assignment will: • be professionally presented with correct spelling and grammar • be the result of your original work • include complete references and acknowledgment of all sources used according to APA 6th style • be complete without any omissions • be correct • evaluate comprehensively the issues raised in the questions • provide examples where appropriate, and • comply with all spreadsheet requirements.

len1751190

12/5/2017 5:49:35 AM

Your assignment will be marked as a whole with recognition being given to demonstration of knowledge, quality thinking, application of skills and critical thinking. For some questions, you have a chance to demonstrate some creativity, or provide your own examples or give evidence of wider reading or to structure a spreadsheet in an innovative manner. You also need to avoid the snowballing effects of cumulative errors - that is, an error early in a practical question which carries through. Full marks are a possibility for well structured, complete, quality answers. You will be provided with a mark based on the work submitted and you will also be provided with suggested solutions or guidelines. Feedback will normally consist of the mark, specific comments and guideline solutions.

len1751190

12/5/2017 5:49:26 AM

Assignment questions include problems, discussion questions, spreadsheets and questions related to use and evaluation of digital resources. The assignment questions are structured so as to simulate a pattern of weekly learning. Students are encouraged to attempt this subject by studying on a regular (weekly) basis. The nature of the understanding and skills required means it is unwise to leave study until the last minute. Note the special requirements for the spreadsheet sections of your assignment detailed in the Spreadsheet Advice in Interact2. The final examination in this subject will include questions assessing similar knowledge application, understanding and skills as the assignment work.

len1751190

12/5/2017 5:49:19 AM

This assignment task is designed to give you an opportunity to demonstrate knowledge and skills in aspects of accounting and information systems including technical issues as well as concepts such as the accounting equations, cash and accrual accounting, current and non-current assets and liabilities, trial balance, worksheets, income statement, statement of owner’s equity, balance sheets and the application of spreadsheet software to the presentation and solution of accounting problems. In this assignment task, you are required to complete all questions and submit all necessary workings. A list of references is required at the end of your assignment as well as references throughout your assignment. The assignments in this subject are designed to assess your application of knowledge and skills.

len1751190

12/5/2017 5:49:11 AM

Quality of presentation of the total assignment including referencing throughout and bibliography 10 marks. Rationale Task 1 covers study schedule weeks 1-4 inclusive and includes the application of conceptual and technical aspects of accounting and the preparation of business financial statements, the appraisal of the use of information technology including spreadsheet software and the evaluation of the Internet as a professional resource and to demonstrate business communication skills including report writing. In today’s business environment we need verbal skills, writing skills, numeracy skills AND digital literacy skills. All of these skills are assessed throughout this subject. The early questions in this assignment are designed to assess your digital literacy in a business/accounting environment. It is suggested that you attempt the assignment questions week by week.

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