Assignment 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 - Use Greenshot getgreenshot.org/ to copy and paste in a Word file, a simple normal view of a spreadsheet showing row and column headings. Also use Greenshot to paste a formula views, 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 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 - 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.
Data
The assets, liabilities and owner's equity, revenues and expenses of Trump Design Studio have the following balances at 30-Nov-17 the end of its first year of operation. During the year, the owner invested $15,000
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$
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$
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Loan payable
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5,900
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Office furniture
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17,600
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Rent expense
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12,400
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Electricity and gas expense
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5,500
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Cash
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26,450
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Accounts payable
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12,300
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Office supplies
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5,600
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Trump capital
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40,000
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Salary expense
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34,000
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Service revenue
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134,500
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Salaries accrued
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2,450
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Accounts receivable
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1,900
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Property tax expense
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1,200
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Supplies expense
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3,480
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Prepaid expenses
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7,600
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investments
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1,500
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Requirements -
1. What type of account is each of the above accounts? See the Topic notes in Interact. PALER Proprietorship P; Asset A; Liability L; Expense E; Revenue R
2. Prepare the income statement for the year ended 30-Nov-17
Use an IF function for Profit or Loss. See the Spreadsheet Advice PDF in Resources.
3. What was the amount of owner drawings for the year?
4. Prepare a balance sheet as at 30-Nov-17 Include an IF function to test that it balances.
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.
Requirements - Spreadsheet requirements
1. For every question with a spreadsheet solution, paste in the Word document displaying row and column headings, the spreadsheet solutions normal view and a formula view of each spreadsheet,
Thus your Word file will provide a complete answer to every question.
The pasted formula view may need to have adjusted column widths to display formulas correctly. Use portrait orientation wherever possible. The separate Excel file will provide a clear demonstration of correct spreadsheet structures. You may need to break up your report/solution into separate images.
2. For good spreadsheet design it is very important that you have completely separate data entry and solution/report areas. A good spreadsheet solution format is to key in the question in a structure which allows the solution to be completely formula driven. There should be no data in the report/solution area.
3. Create all spreadsheets solutions as separate spreadsheets in one workbook. Name the tags at the bottom of the computer screen with the question number, and sub-section as appropriate. See examples in the Spreadsheet Advice PDF in Interact Resources.
4. Save your workbook with the cursor in cell A1 of the first spreadsheet.
5. Where appropriate, use the IF function to provide built in checks of balances, net income/net loss, favourable/unfavourable variances etc.
6. How can you display negative numbers in brackets? Google the question! Hint. Format / Cells / Number and select Custom. Enter this: #,##0;(#,##0);0.
7. We have provided spreadsheet examples to guide you in the Spreadsheet Advice PDF in Interact2 Resources - it is important that you study these examples. Also consider using the spreadsheet templates available with your text and other online spreadsheet resources but note that the text templates do not necessarily comply with the subject spreadsheet requirements.
Solutions to questions should vary in length according to the nature of the question. Solutions to exercises and problem questions should be in a similar form to that demonstrated in the text.
Submit your work electronically through Turnitin.
The work you submit must be your own. In the recent past a few students have received heavy penalties for submitting assignments which were not entirely their own work.
Some questions require a spreadsheet. Check the Assignment and Spreadsheet Requirements above AND the Spreadsheet Advice PDF. Also check the interactive videos.
Present your solutions in exactly the same sequence as specified in this Subject Outline.
Students should normally submit the assignment only once. Multiple copies received by the University can result in unnecessary delays.
Assignment 2 -
Task
Remember to 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 and the Foot worksheet videos.
Q1. Naming cells in spreadsheets
Why replace cell references with names? Create a simple spreadsheet and paste Net Profit = Sales less Expenses. Show normal and formula views.
Q2. Negative numbers
Why do accountants display negative numbers in brackets? Paste a simple spreadsheet example.
Q3. Separation of data and report areas
Why should an accountant design spreadsheets 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
What is an 'IF' statement (function)? Reference a YouTube video explaining IF functions. Provide a simple spreadsheet accounting example for net profit/net loss.
Q5. Perpetual versus Periodic systems
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 critically evaluating spreadsheets as a tool for accounting. Use Internet resources. Include a section on the disadvantages of spreadsheets. Also refer to the Internet for advice on Business Reports. Reference all your sources.
Q7. Application of Inventory flow assumptions
Read chapter 6 Retail Inventory in your text and view the three videos on Inventory. Create your own, well-designed spreadsheet example to show LIFO, FIFO and the Average Cost methods. Include Sales, Cost of sales, Ending inventory and Gross profit/loss.
Q8. Bank Reconciliation
Prepare a Bank Reconciliation Statement from the following data.
Paste the normal and formula views. Use an IF function. Then in a second version change all the data and paste the normal view.
Data
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$
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Bank Balance on 31 July
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22,345
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EFT Rent receipt
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700
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NSF Cheque from customer
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2,300
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Note receivable
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2,345
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Book error cheque 1419
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123
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Bank service charge
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78
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Deposit in transit
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4,567
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Outstanding cheques
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Cheque no. 1420
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1,789
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Cheque no. 1421
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650
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Cheque no. 1422
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320
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Cash Account Balance as of 31 July
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24,009
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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
Qantas 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 Qantas.
Assume you are an investment advisor with accounting expertise. Present a business report analysing Qantas as a shareholder investment. Include in your report Qantas data and your own charts. Ensure you use a business report format. Include images in your report,
You report will be about 600 words excluding appendices and images.
Find the Qantas 2017 Annual Report on the web.
Requirements -
1. For every question requiring a spreadsheet solution, paste the Word file displaying row and column headings including the spreadsheet normal view and formula view.
Thus your Word file will provide a complete answer to every question.
The pasted formula view may need to have adjusted column widths to display formulas correctly. Use portrait orientation wherever possible. The separate submitted Excel file will provide a clear demonstration of correct spreadsheet structures. You may need to break up your report/solution into separate images.
2. For good spreadsheet design it is very important that you have completely separate data entry and solution/report areas. A good spreadsheet solution format is to key in the question in a structure which allows the solution to be completely formula driven. There should be no data in the report/solution area.
3. Create all spreadsheets solutions as separate spreadsheets in one workbook. Name the tags at the bottom of the computer screen with the question number, and sub-section as appropriate. See examples in the Spreadsheet Advice PDF in Interact Resources.
4. Save your workbook with the cursor in cell A1 of the first spreadsheet.
5. Where appropriate, use the IF function to provide built in checks of balances, net profit/net loss, favourable/unfavourable variances etc.
6. How can you display negative numbers in brackets? Google the question! Hint. Format / Cells / Number and select Custom. Enter this: #,##0;(#,##0);0.
7. We have provided spreadsheet examples to guide you in the Spreadsheet Advice PDF in Interact2 Resources - it is important that you study these examples. Also consider using the spreadsheet templates available with your text and other online spreadsheet resources but note that the text templates do not necessarily comply with the subject spreadsheet requirements.
Solutions to questions should vary in length according to the nature of the question. Solutions to exercises and problem questions should be in a similar form to that demonstrated in the text.
Submit your work electronically through Turnitin.
The work you submit must be your own. In the recent past a few students have received heavy penalties for submitting assignments which were not entirely their own work.
Some questions require a spreadsheet. Check the Assignment and Spreadsheet Requirements above AND the Spreadsheet Advice PDF. Also check the interactive videos.
Present your solutions in exactly the same sequence as specified in this Subject Outline.
Students should normally submit the assignment only once. Multiple copies received by the University can result in unnecessary delays.
Attachment:- Assignment File.rar