How the business could make its processes more efficient

Assignment Help Financial Accounting

Reference no: EM133825212

Financial Accounting

Assessment - Xero Assignment

Assessment - Simulation

Your Task

The assessment has two requirements:

Part A: XERO Case Study

You are required to record transactions for a fictitious business for one month and prepare the necessary reports.

Part B: In-class presentation

You are required to conduct an in-class pitch to a prospective client, demonstrating how the accounting process can be more efficient and effective.

Assessment Description

This assignment has two parts:

Part A: Enter all the transactions on Xero for one month for a fictitious business. You must carefully read the case study documents available on MyKBS and follow all the instructions. You must also watch the videos provided. Once you have entered all the transactions, you must prepare the following reports and submit a PDF copy on MyKBS (via Turnitin).
Accounts Transactions Report for July 2024
Trial balance as of 31 July 2024
Profit and Loss Statement for the month ending July 2024
Balance Sheet as of 31 July 2024
Screenshot of the assurance dashboard
Part B: After completing the above reports, you are required to identify area/s of improvement for this business and provide a recommendation on how the business could make its processes more efficient and effective. To do this, you are required to explore the Xero App Market Place and identify three applications (within the same category) that the business should adopt. Your evaluation should include a comparison of the various features of these applications and a summary of the expected annual cost. You must also provide a final recommendation. You are required to deliver a 5-minute in-class presentation.

Assessment Instructions

You must attend the Xero workshop in Week 7. Your facilitator will explain the essential requirements of this assessment, highlight the pitfalls to avoid and discuss how to conduct the Xero pitch. Get Assignment Help With Zero AI Now!

To activate your subscription, you must accept the XERO invite sent to your email ID and create a XERO account.

If you do not accept the invite, it will expire in 14 days, and you cannot access the Xero application to complete the assignment.

Complete the steps below in the week 7 workshop to start Part A, the Xero case study.

Step 1: Accept the XERO invite.
Step 2: Create a Xero account to activate your Xero subscription
Step 2: Set up 2-factor authentication.
Review the videos uploaded under the Assessment 3 section on LMS.

Complete all the requirements mentioned in the XERO case study document and upload the reports as a single PDF file on the Turnitin submission link.

For Part B - XERO pitch, use visual aids like PPT (PowerPoint) slides and limit the presentation to a maximum of 5 minutes.

Reference no: EM133825212

Questions Cloud

What is the impact of dilemma on criminal justice system : What is the impact of this dilemma on the criminal justice system or general population? What are the consequences/harm of the dilemma (short and long term)?

Explain the importance of performance management : Explain the importance of performance management and why your organization values performance management.

Discuss the potential consequences and legal remedies : Discuss the potential consequences and legal remedies available if a competitor infringes on Future Tech's intellectual property rights

Identify publications that promote the use of technology : Write a 4 to 6 pages annotated bibliography where you identify peer-reviewed publications that promote the use of a selected technology to enhance quality and s

How the business could make its processes more efficient : ACCM4000 Financial Accounting, Kaplan Business School You are required to record transactions for a fictitious business for one month and prepare the necessary

Why did you choose these as your top threats to the public : Why did you choose these as your top threats to the public? Explain each of them in the context of the risk to the people and property of the City of Tacoma.

Explain whether goals at your organization are established : Explain whether goals at your organization are established, for these metrics you reviewed, and whether or not they are currently being met.

What would happen to the discount rate and consequently npv : What would happen to the discount rate and consequently NPV of the two projects if this was the case? Why? What other factor might affect the final decision

Publix designs stores with relatively uniform construction : Publix designs their stores with relatively uniform construction and layout to make it easier for their shoppers, employees and store management

User Account

All Pages