Assessment item 1
Task
Q1 Plagiarism
Define plagiarism? Reference Internet sources. Why is plagiarism/collusion unfair to honest students?
Q2 Pasting spreadsheets in doc files
How can computer spreadsheets (e.g. Excel) be pasted into a word document showing rows and column headings? Formula views? Demonstrate TWO different copy and paste methods. Paste two simple examples of each method in your assignment showing row and column headings, the normal view and the formula view.
Q3 Accounting resources on the Internet
List five 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), relevant to this subject. 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. For the purposes of this subject we do not require the date of access of the URL. Use APA referencing.
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).
Check the Internet for advice on business report structures.
1. What are the major financial reports? What is the purpose of each?
2. Briefly summarise the key lessons from the ABC Learning case study.
3. Identify and discuss 3 ethical issues from the case study.
Q7 PALER
A. See the problem data below. The requirements are shown in the problem template. 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 this problem - check the assignment and spreadsheet requirements.
Q8 Balance Sheet Equation
Note that Interact2 resources including the Spreadsheet Advice PDF and the worksheet video may assist in completing this assignment question.
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.
For each number calculated, briefly explain how you derived the answer.
B. Create a spreadsheet solution. 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. See the Spreadsheet Advice PDF in Interact2 Resources.
Q9 Debit and credit balances
List four accounts with normal debit balances. List four accounts with normal credit balances.
Q10 Trial balance
A. Create a manual solution using pen and paper. Scan or take a photo with your mobile phone and paste 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 3 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 3 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 liabilities
Distinguish between current and non-current liabilities. Give two examples of each.
Q14 Ratios
Explain the current ratio. Create your own numerical example.
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 solution using pen and paper. Scan or take a photo with your mobile phone and paste 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. Add a ten column worksheet beneath the following data. Below that report, create the three financial reports
B. Create a spreadsheet solution. Paste normal and formula views.
C. In a second spreadsheet, make three changes to the data such that a loss is reported. Paste the second normal view.
Ensure that you choose the 3 changes yourself. Highlight the data changes with the yellow highlighter in Excel.
Assessment item 2
Task
Q1 Naming cells in spreadsheets
Why replace cell references with names? Create a simple spreadsheet and paste Owners Equity plus Liabilities = Assets.
Q2 Negative numbers
How can negative numbers be displayed in brackets? Why do accountants display negative numbers in brackets? Paste a simple spreadsheet example. See:
Q3 Separation of data and report areas
Explain why an accountant should design spreadsheets with a completely separate data entry area and a separate report area? Paste a simple spreadsheet example. Show normal and normal views.
Q4 IF functions
Find a relevant Youtube and explain the 'IF' statement (function)? Provide a simple spreadsheeted accounting example for a trial balance. Show normal and normal views.
Q5 Periodic systems
Explain periodic inventory systems. Give examples. (Watch the 3 videos on Inventory in Interact2 Resources).
Q6 Worksheet and financial reports
Watch the Foot Worksheet movie in Interact2 resources. Download the relevant word file also on Interact2 resources. This Word file has a template.
A. Create a handwritten solution showing the worksheet and the financial reports. Paste images of your handwritten report in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens, Google Drive or search for an app. Let us know which app you chose.
B. Create a spreadsheet solution following all the usual spreadsheet requirements.
Follow all the spreadsheet requirements including a separate data entry and report area and implement IF functions wherever appropriate. As usual, paste the normal view and the formula view.
C. Write a business report evaluating spreadsheets as a tool for accounting. You may wish to search the Internet with terms such as "advantages of spreadsheets". Use Internet resources to help you prepare and format your business report:
Q7 Application of Inventory flow assumptions
Using the template provided, create a well-designed spreadsheet to solve the problem below. Make several of your own changes to the original data and create a new solution. In this second version, create prices that decline throughout the month. Paste the two solutions and one formula view.
Highlight your changes. Explain the significance of the changed results,
Q8 Bank Reconciliation
Prepare a Bank Reconciliation Statement from the following data.
A. Create a handwritten solution. Paste images of your handwritten report 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. Paste the normal and formula views. Use an IF function. Then in a second version change all the data and paste a new normal view. Ensure your bank reconciliation still balances.
Q9 Journalising accounts receivable entries
Using your text as a resource, show the journal entries needed to show sales on credit, the collection of part of the amount owing, the write off of accounts receivable, the reinstatement of an amount written off and the collection in full of the amount owing. Create your own numbers. A spreadsheet is not required.
Q10 Estimating bad debts
Contrast two different methods of estimating bad debts. Create simple examples.
Q11 Evaluation of a firm's financial position
How can we use receivables to evaluate a firm's financial position? Give numerical examples.
Q12 Dishonour of a note receivable
Write a scenario which includes a credit sale, a conversion to a Note receivable, the dishonour of the note and subsequent delayed payment. Show the journal entries. Create your own simple numbers.
Q13 Work Integrated Assessment case study Wesfarmers Annual Report 2016
Learning Objectives: The subject you are studying is vocational. It is designed with the workplace in mind. Work integrated assessment provides opportunities for students to link theory and skills learned in a subject to a real work context. Students can use these opportunities to develop and practice the professional and academic skills they learn about in a subject or through the online environment and then be assessed on their capabilities in these simulated authentic environments. Work integrated assessment allows students to simulate and situate their learning in an authentic workplace that encourages them to explore their knowledge and apply it to practice. Integrating real world, authentic assessment tasks allows students to learn about the particular environments and culture of their chosen professions, while at the same time absorbing and practicing the skills they need to succeed. Doing these tasks can help students develop skills that can help their employability.
Resources for this task include the 2016 Annual Report for Wesfarmers.
Your friend Vikram is studying architecture at another University and knows very little about accounting and annual reports. His uncle gave him $50,000 recently to invest. Vikram knows you have begun studying accounting and is considering buying Wesfarmers shares. He has some questions for you.
Present your answers concisely in a business report format.
Vikram's questions:
1. Identify and describe some of the businesses which are part of the Wesfarmers group.
2. Examine, define and comment on the Statement of Comprehensive Income.
3. Using the Internet and the Wesfarmers Annual Report, examine, define and comment on Dividends, Earnings per Share, Return on Equity, Risk and Mitigation, Sustainability, Corporate Governance, Income Statement and Balance Sheet.
4. Calculate and comment on the Working Capital ratio.
5. Create two charts in Excel from Net Profit after Tax (see page 16) showing 3D columns. Paste the spreadsheet graphs in your assignment. Also, paste the graph data area.
6. Summarise your advice to Vikram re the investment decision.
Find the Wesfarmers 2016 Annual Report on the web.
Note - I need only Assessment item 1.
Attachment:- Acc Systems and Processes.rar