Acc Systems and Processes Assignment -
Learning outcomes - On successful completion of this subject, you should:
- be able to apply conceptual and technical aspects of accounting and prepare relevant business financial statements;
- be able to discuss the historical development of accounting;
- be able to appraise the use of information technology including spreadsheet software in accounting problem solving, and evaluate the Internet as a professional resource;
- be able to demonstrate relevant business communication skills including report writing;
- be able to contextualise and evaluate accounting information for decision making purposes;
- be able to explain the importance of ethics in accounting.
Assessment item 1 - Task
Assignment task No. 1
Provide APA references for each question and provide a Bibliography/ Reading List of ALL references at the end of your assignment.
Q1. Plagiarism
Reference Internet sources to define plagiarism. Is collusion on assignments plagiarism? Why is plagiarism/collusion unfair to honest students?
Q2. Pasting spreadsheets in doc files
Use Greenshot to copy and paste in a Word file, a simple normal view AND formula view of a spreadsheet showing row and column headings. Describe ONE other method to paste a spreadsheet in a Word file. Refer to the Spreadsheet Advice PDF for examples.
Q3. Accounting resources on the Internet
List six web sites relevant to accounting together with their URLs. Explain how is each relevant to accounting.
Q4. Professional accounting bodies
Find online one 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. When 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 did you learn from watching these videos?
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. Explain PALER. Refer to the Topic notes.
B. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image of your handwritten solution in your word file. 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 method you chose. We ask for a handwritten solution because this is the method you will use in the final exam. In the meantime, we want you to acquire spreadsheeting skills.
C. Create a spreadsheet solution. Check the spreadsheet requirements in the Subject Outline.
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 method you chose.
B. Spreadsheet required. Note: 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 four accounts with normal debit balances. List four 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 method 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 Interact resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.
Q11. Crossword
Create your own simple crossword using at least 5 accounting terms and clues. Use the words Debit and Credit plus choose 3 more terms. 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 four 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, 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 three financial reports - the Income Statement, the Statement of Owner's Equity and the Balance Sheet. Paste the normal and formula view.
C. In a second version, make three changes to the data such that a loss is reported. Paste the second normal view.
Assessment item 2 - Task
Provide APA references for all questions when you use material which you did not personally create, for all spreadsheets provide both normal and formula views with row and column headings. Use IF functions whenever appropriate. See the Spreadsheet Advice PDF, the Inventory videos and the Foot worksheet videos.
Q1. Naming cells in spreadsheets
Create a simple spreadsheet to demonstrate how cell references can use names. Use Sales less Expenses = Net Profit. Show both normal and formula views with row and column headings.
Q2. Negative numbers
Paste a simple spreadsheet example showing how negative numbers can be displayed in brackets. Why do accounting financial reports follow this practice?
Q3. Separation of data and report areas
Why should accounting spreadsheet reports be designed with a completely separate data entry area and a separate report area? Paste a simple spreadsheet example showing normal and formula views.
Q4. IF functions
Reference a YouTube video explaining IF functions. What is an 'IF' statement (function)? Provide a simple spreadsheet accounting example showing an IF function for net profit/net loss.
Q5. Periodic versus Perpetual Inventory Systems
Does the Foot video in Interact2 Resources show Periodic or Perpetual Inventory? How can you tell? Explain the essential differences between perpetual and periodic inventory systems. Give your own examples of products/situations suited to each. (Watch the 3 videos on Inventory in Interact2 Resources).
Q6. Worksheet and financial reports
Write a business report (about 600 words) critically evaluating spreadsheets as a tool for accounting. Use Internet resources. Include a section on the advantages and disadvantages of spreadsheets. Refer to the Internet for advice on Business Report structures. Reference ALL your sources.
Q7. Application of Inventory flow assumptions
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image of your handwritten solution in your word file. 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 method you chose. We ask for a handwritten solution because this is the method you will use in the final exam. In the meantime, we want you to acquire spreadsheeting skills.
B. Read chapter 6 Retail Inventory in your text and view the three videos on Inventory. Create a spreadsheet.
Q8. Bank Reconciliation
Prepare a Bank Reconciliation Statement from the following data.
A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image of your handwritten solution in your word file. 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 method you chose. We ask for a handwritten solution because this is the method you will use in the final exam. In the meantime, we want you to acquire spreadsheeting skills.
B. Spreadsheet. Paste the normal and formula views. Use an IF function. Then in a second version change ALL the data and paste the normal view.
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. Computers and Accounts receivable
Explain how computers have become essential to online retailing. Use eBay as an example.
Q12. Dishonour of a note receivable
Write a narrative which includes a credit sale, a conversion to a Note receivable, the dishonour of the note and subsequent delayed payment. Then show the T accounts derived from your narrative. Create your own simple numbers.
Q13. Work Integrated Assessment case study
Wesfarmers Annual Report 2017
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 2017 Annual Report for Wesfarmers.
Assume you are an investment advisor with accounting expertise. Present a business report analysing Wesfarmers as a shareholder investment. Include in your report the range of Wesfarmers activities, sustainability issues, financial information and your own charts created from Wesfarmers data using Excel. Show these charts with the data selected by you. Show two different chart styles. Ensure you use a business report format. Include images in your report,
You report will be about 600 words excluding appendices, charts and images.
Find the Wesfarmers 2017 Annual Report on the web.
Attachment:- Assignment File.rar