Assignment task No. 1
Q1 Plagiarism (2 marks) What is plagiarism? Reference Internet sources. Why is plagiarism/collusion unfair to honest students?
Q2 Pasting spreadsheets in doc files (2 marks) 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 (2 marks) List four web sites relevant to accounting together with their URLs. Explain how is each relevant to accounting.
Q4 Professional accounting bodies (2 marks) 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 (5 marks) (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 URL date of access. 2. What are the major financial reports? What is the purpose of each? 3. Why are profits important? Why is cash flow important? Relate to ABC, 4. Identify 3 ethical issues from the case study.
Q7 Balance Sheet Equation (10 marks) 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. For each number calculated, briefly explain how you derived the answer.
Q8 Debit and credit balances (4 marks) List five accounts with normal debit balances. List five accounts with normal credit balances.
Q9 Trial balance (8 marks) A. Create a manual solution using pen and paper. Scan or take a photo with your mobile phone 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.
Q10 Crossword (5 marks) 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.
Q11 Types of adjusting entries (4 marks) List four types of period end adjusting entries and give journal entries examples of each.
Q12 Current and non-current assets (2 marks) Distinguish between current and non-current assets. Give four examples of each.
Q13 Ratios (2 marks) Explain the current ratio and the debt ratio. Create your own numerical examples.
Q14 Worksheet and financial reports (20 marks) Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment. A. 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. Quality of presentation including referencing 10 marks. Rationale Task 1 covers study schedule weeks 1-4 inclusive and includes the application of conceptual and technical aspects of accounting and the preparation of business financial statements, the appraisal of the use of information technology including spreadsheet software and the evaluation of the Internet as a professional resource and to demonstrate business communication skills including report writing. In today’s business environment we need verbal skills, writing skills, numeracy skills AND digital literacy skills. All of these skills are assessed throughout this subject.
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