ACC566_201660_S_I: Acc Systems and Processes


Buy research paper on this assignment here (Email us: writersestate@gmail.com)

ACC566_201660_S_I: Acc Systems and Processes

Prescribed text(s)

We are using the Australian adaptation of the Horngren Accounting text 8th edition.

Nobles T.L., Mattison B.L., Matsumura E.M., Best, P. Fraser, D. Tan, R. & Willett, R.  (2016). Horngren’s Accounting. 8 ed., Frenchs Forest, NSW:  Pearson Australia Group

ISBN 9781486018000 Pearson Australia

And details are online at:

http://www.pearson.com.au/products/M-N-Nobles-Mattison-Matsumura-Best-Frase/Horngren-s-Accounting/9781486018000?R=9781486018000

Task 1 covers study schedule weeks 1-4 inclusive.

Assignment questions include problems, discussion questions, spreadsheets and questions related to use and evaluation of digital resources.

Presentation

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, ..
APA is the referencing style used by the Faculty of Business. website regarding the APA system. It is important to acknowledge ALL sources used.
Reference throughout your assignment AND at the end of your assignment include a complete Bibliography (Reference List) of resources actually used including the Internet, textbook, Study Topics, Interact Resources, Discussion Forum, Software help files and videos supporting this subject.

1. Assignment solutions must be presented in the same sequence as set out in this subject outline.

2. Provide references throughout the assignment and include a reference list (bibliography) at the end of all sources used including internet resources. If using internet resources include the URL. The date of access is not required in this subject. Post enquiries to the subject discussion forum to clarify any assignment format issues.

3. 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. Thus NO data/numbers are entered into the solution/report area.

4. Create all the spreadsheets as separate spreadsheets in one workbook. Name the tags at the bottom of the computer screen with the question number. See the examples provided with the Spreadsheet Advice PDF in the Interact2 Resources.

5. Use the IF function to provide built-in checks etc. Balances equal? Net income or net loss?

6. How do you display potential negative numbers in brackets? Google the question! Hint. Format / Cells / Number and select Custom. Enter this: #,##0;(#,##0);0

7. Save each spreadsheet in your workbook with the cursor in cell A1 of the first spreadsheet.

Assignment task No. 1

Questions 1-1 to 1-5 are designed to assess the 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 URL date of access.

Q1-1 Plagiarism
A. Find this URL. http://www.csu.edu.au/faculty/business/studentresources/plagiarism. Find any other resource on plagiarism and contrast the definitions. Discuss. (About 100 words).

B. Why is plagiarism/collusion unfair to honest students? (About 50 words).

Q1-2 Pasting spreadsheets in doc files
Describe two different methods of pasting spreadsheets in a word doc file. Provide examples of each. Show row and column headings, the normal view and the formula view.

Q1-3 Accounting resources on the Internet
List five web sites relevant to accounting together with their URLs. Explain how each is relevant to accounting.

Q1-4 Second Life
Go to https://www.secondlife.com.  How is Second Life used by the accounting profession? (about 150 words)

Q1-5 Work Integrated Assessment (about 300 words). Describe the computing environment in your current or previous workplace or home office – equipment, software, processes etc. If you have not worked thus far, then answer the same question regarding your anticipated future employment.

Q1-6 ABC Learning and ethics – ABC Learning Case Study
Watch the six CPA ABC Learning movies.

http://www.cpaaustralia.com.au/professional-resources/education/abc-learning-collapse-case-study

or

The ABC of a Corporate Collapse – Chapter 1 Foundations and Growth
http://www.youtube.com
David Koch presents the ABC of a Corporate Collapse for CPA Australia, a step-by-step guide through the financial and business decisions that lead to the spe…

Write a business report on

1. Accounting aspects of each of the movies making up this case study.

2. Summarize the different types of financial reports

3. Comment on the ethical issues.

(about 400 words in total)

Q1-7 Understanding the accounting equation
Sources = Uses. Explain how this equation affects the relationships with increases and decreases in
P A L E R. Refer to section 2.2 of the Topic 2 in Interact2 (or the corresponding Topic2 PDF in the Resources section).

Q1-8 Balance Sheet Equation

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 the results of formulas. The yellow highlighted cells will contain the answers. Reading the Spreadsheet Advice PDF in Interact Resources may be beneficial.

Q1-9 Assets, liabilities and owner’s equity
Give 4 examples each of assets, liabilities and owner’s equity (Proprietorship) accounts.

Q1-10 Chart of accounts
See your text – 8th edition page 56. Describe the chart of accounts? What are the advantages?

Q1-11 Debit and credit balances
From the following list of accounts identify those with normal debit or credit balances.

Capital
Notes receivable
Depreciation expense
Prepaid insurance
Salaries accrued
Mortgage
Rent paid advance.
Drawings

Q1-12 Trial balance
A. Create a manual solution using pen and paper. Scan or take an e-photo and paste in your assignment.
B. Create a spreadsheet solution. Paste normal and formula views.
C. Change 4 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 4 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.

Q1-13 Journals and ledgers
Distinguish between a journal and a ledger. Create a simple example to illustrate your answer.

Q1-14 Accounting crossword
See page 92 and 93 of the text. Create your own simple crossword using accounting vocabulary and clues. Hint. You may find free crossword creation software online.

Q1-15 Types of adjusting entries
List three types of end of period adjusting entries and give sample journal entries.

Q1-16 Revenue received in advance
You pay $480 in advance for a magazine subscription for the next 12 months. How should you record this transaction? How should the magazine company account for this transaction initially? Show the journal entry. Show the adjusting entries at the end of the period 7 months later.

Q1-17 Adjusted trial balance
Distinguish between the adjusted trial balance and the post-closing trial balance. Give page numbers from your text (8th edition) which show examples.

Q1-18 Current and non-current assets
Distinguish between current and non-current assets. Give your own examples of each.

Q1-19 Sustainability
Discuss corporate sustainability. Give your opinion about its viability (about 200 words).

Q1-20 Worksheet and financial reports
Note that Interact2 resources including  the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.
Add a completed ten column worksheet beneath the following data. Below that worksheet, create three financial reports. Change five numbers to create a second version of the spreadsheet. Ensure the Trial Balance still balances.

Highlight your data changes in yellow. Paste the two normal views and one formula view all showing row and column headings. Use the IF function wherever appropriate.

Rationale

Learning Outcomes addressed in this assignment include the ability to apply conceptual and technical aspects of accounting and prepare relevant business financial statements; to appraise the use of information technology including spreadsheet software in accounting problem solving, and to evaluate the Internet as a professional resource and to demonstrate relevant business communication skills including report writing.
This assignment task is designed to give you an opportunity to demonstrate knowledge and skills in aspects of accounting and information systems. Learning outcomes include technical skills as well as concept comprehension such as the accounting equation, 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. The assignments in this subject are designed to assess your application of knowledge and skills.

The final examination in this subject will include questions assessing similar knowledge application, understanding and skills as the assignment work.

Marking criteria

Marking Criteria Rubric Assignment 1

A rubric is a form of authentic assessment. A rubric lists a set of criteria, which defines and describes the important components of the work being planned or evaluated.  A rubric can be defined as an established rule, tradition, or custom. The accounting system itself can be regarded as a type of rubric. http://us.iearn.org/professional_development/multimedia/assess/rubric.html

This marking criteria rubric indicates how the assignments will be assessed in this subject
Your assignment consists of different question styles including discussion questions, reports, exercises, problem questions and spreadsheet questions.

Criteria

High Distinction

Distinction

Credit

Pass

Marking criteria for expected outcomes to be achieved include: understanding plagiarism issues, evaluating digital online resources, understanding and applying the double entry system, work integrated assessment, creating computer models to solve decision situations such as income statements, balance sheets and worksheets.

Be the result of your original work, complete without any omissions and correct.
Discuss all the issues raised in questions.
Provide examples where appropriate
Accurate answers complying with all spreadsheet modelling requirements. Score 85-100%

Be the result of your original work, be mostly complete without any omissions, and be mostly correct.
Discuss most of the issues raised in questions.
Provide some examples where appropriate.
Comply with the majority of spreadsheet modelling requirements as appropriate to the problem scenario. Score 75-85%.

Be the result of your original work, be mostly complete with few omissions, and be partially correct.
Discussion of some of the issues raised in questions.
Provide examples where appropriate.
Comply with some of the spreadsheet modelling requirements as relevant to the problem scenario. Score 64-74%

Be the result of your original work, be mostly complete with some omissions, be partially correct.
Discuss some of the issues raised in questions.
Provides 1-2 examples where appropriate.
Comply with some spreadsheet modelling requirements as relevant to the problem scenario. Score 50-64%

Academic writing skills. The discussion and  business reports meet academic standards of syntax, vocabulary, spelling and punctuation and reflects an awareness of audience needs.

Accurate use of syntax, spelling and punctuation; logical arguments with relevant examples, correctly refers to a variety of sources to support arguments, including the prescribed texts and a range of additional readings; reference list of a range of resources, correctly formatted using APA style.

Accurate use of syntax, spelling and punctuation; logical arguments with useful examples, succinct and effective use of vocabulary; correctly refers to a range of sources to support arguments, including the prescribed text and a variety of further readings; reference list of a range of relevant resources used, correctly formatted using APA style.

Mostly accurate use of syntax, vocabulary,
spelling and punctuation; correctly refers to more than the minimum requirement of sources to support arguments, including prescribed texts and other sources; reference list formatted in APA style, with few or no errors.

Mostly accurate syntax, spelling and punctuation; correctly refers to minimum number of sources to support arguments, including prescribed texts; reference list used, formatted in APA style, with few errors.

Your asignments will be marked as a whole with recognition being given to application of knowledge, quality thinking and application of skills. For some questions, students have a chance to demonstrate some creativity, or provide their own examples or give evidence of wider reading or structure a computer spreadsheet model in an innovative manner. We also need to avoid the snowballing effects of cumulative errors – that is, an error early in a practical question which carries through. Thus a marking system is used with deductions for errors and omissions. Full marks are possible for well structured, complete, quality answers.

The marking criteria for your assignments will be based on the content of the subject as identified by the learning objectives of the various topics. Good computer spreadsheet models will comply with the assignment requirements.

Spreadsheets submitted without pasted formula views will be graded with a maximum of 40% for that task.

Normal distribution curves for grades are not utilised in this subject. Penalties will apply for late submission at 10% of the total mark available per day. It is important that submitted assignments are complete; omitted answers will result in mark deductions. Refer to the University regulations contained in the CSU online handbook for matters pertaining to special consideration, misadventure and extenuating circumstances, academic misconduct, code of conduct for users of electronic facilities, assessment regulation, grading scale, progression and academic performance, grade point average, examination regulations and other matters pertaining to assessment. The regulations can be found at the University’s web site: < http://www.csu.edu.au&gt;

Any assignments with significant evidence of plagiarism may be referred to the university’s academic misconduct processes and will receive a grade of zero.

Here is a guide to the expected effort for each question in assignment 1. See the presentation requirements for an indication of the specific criteria. See the assignment requirements particularly for expectations regarding the spreadsheets.

An example of marking criteria for an essay/business report follows. Some of the same criteria apply to larger discussion style questions and case studies and business reports.

Example criteria used in marking essays/discussion questions/case studies/business reports

While there is no particular format required for these answers, the following criteria are likely to be used. Note that business reports are normally more structured than essays.
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:
be well planned with arguments flowing logically;
use correct sentence structure, punctuation and spelling;
present original ideas where appropriate; andpresent a justified conclusion and acknowledge all sources.

 

Buy research paper on this assignment here (Email us: writersestate@gmail.com)
Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: