Assessment Item 1

Task

Assignment task No. 1

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.

Quality of presentation including complete referencing 10 marks. Use complete APA referencing.

Requirements

Spreadsheet requirements

1. For every question with a spreadsheet solution, paste into the Word file 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.

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.

Assessment item 3

Task

Undertake and complete the online quiz covering questions related to plagiarism and referencing.

Students may attempt the plagiarism quiz multiple times in order to achieve the passing score of 18 from 20. The quiz will remain open until Sunday 3 September 2017, in week 6 of the session. We strongly encourage all students to complete and pass this quiz prior to 3 September 2017 and prior to submitting other assessments.

Assessment item 4

Rationale

The final examination paper is designed to give you a comprehensive opportunity to apply knowledge and skills in financial and management accounting, information systems, technical issues, concepts and issues, the historical development of accounting, quantitative and qualitative decision making, clear thinking and written communication skills, ethics and extant accounting issues.

Requirements

The final examination in this subject covers all topics and consists of one two hour paper with ten minutes reading time. You are permitted to write during the reading time.

Section A of the examination consists of 40 multiple choice questions each with five alternatives. Some questions require calculation. The questions cover the assigned chapters from the textbook, generic spread sheeting skills and the online learning materials. Included in this section is a group of questions on worksheets. Section A will not focus on the subject readings.

Revision for Section A could include the multiple choice questions provided with the online learning materials, the quick check multiple choice questions at the end of each textbook chapter, the sample examination and multiple choice questions in MyAccountingLab.

Section A is weighted at 60% of the paper.

Section B is weighted at 40% and consists of two essays weighted at 20% each - choose 2 of 5. These questions will be based predominantly on the readings.

For the exam, students may use a silent, hand held, non-programmable calculator. Students will be required to record details regarding the calculator on the front of the examination paper.

As pointed out in the subject outline, in order to achieve a passing grade in this subject, a student must attain a minimum passing standard in the overall total mark and the final examination.

Materials provided by the University
Multiple Choice Answer Sheet, Writing Booklet.
Materials required by the student
Silent, non programmable calculator, blue or black pen for essays, 2B pencil for multiple choice. Advice re essays
Plan your essay structure Read the question carefully Answer the question
Don't quote unnecessarily

Do refer to your readings when appropriate Check out references provided
Plan your time
Check out the readings and the sample exam paper Possible essay areas
Business communication, clear thinking, logical fallacies History of accounting
Ethics, corporate collapses Accounting principles Spreadsheets in accounting