ACC566 – Acc Systems and Processes Assignment Help

Assessment item 1
Assessment Item 1
Value: 20%
Due Date: 16-Dec-2018
Return Date: 10-Jan-2019
Submission method options: Alternative submission method
Task
Part A – Accounting and spreadsheet (60 marks)
On 1 Oct 2018, Andrew Brown opened Nundle Services, a small business offering maintenance
services in New South Wales. During the month of October, the business incurred the following
transactions:
1. 2 Oct, Andrew invested $50,000 cash in the business, which is organised as a sole
trader.
2. 3 Oct, got a 5 year loan for $30,000 from the ANZ bank, interest is 5% pa.
3. 4 Oct, purchased and paid for equipment worth $51,000. Monthly depreciation will be
$850.
4. 5 Oct, purchased supplies for $6,500 on credit.
5. 8 Oct, paid Oct office rent of $7,200.
6. 10 Oct, Brown withdrew $2,000 for personal purposes.
7. 17 Oct, paid an invoice of $4,500 for advertising
8. 25 Oct, paid one year of insurance for $5,600
Additional information at 31 Oct:
• Supplies on hand was $3,100
• Services revenue of $22,500 must be accrued
• Monthly payroll is $11,500 and paid once a month on Friday after the month ended. 31
Oct 2018 was on Wednesday.
• Some customers advanced $10,500 for maintenance services to be provided next
month but this amount hasn’t been recorded.
Requirements:
1. Provide journal entries for all transactions that occurred during October 2018. (8
marks)
2. Open T-accounts and post all journal entries to the T-accounts. Total all of the Taccounts
to determine their balances at the end of the month. Provide your
handwritten solution – scan or use your phone to copy and paste its image into your
assignment. You can use a free scanning app such as Camscanner, OfficeLens, or
Google Drive. (10 marks)
3. Based on balances from the T-accounts, prepare the trial balance by using an Excel
spreadsheet. Present your answers in a normal view, showing columns and rows. (4
marks)
4. What are temporary and permanent accounts? From your trial balance, choose four
permanent and four temporary accounts. (4 marks)
5. From your trial balance, choose two accounts with normal debit balances and two
accounts with normal credit balances. (2 marks)
6. What are adjusting entries? Why do we have to do adjusting entries? Provide all
adjusting entries for Nundle Services in October. (9 marks)
7. Using your trial balance in the preceding question and Excel spreadsheet, prepare the
ten column worksheet for the month ended 31 October. In the spreadsheet, you are
required to have a data section separated from a report section. Use an IF function for
Profit or Loss. Present your answers in both normal and formula views, showing
columns and rows. (10 marks)
8. Using the spreadsheet, prepare three financial reports. Present your answers in both
normal and formula views. (9 marks)
9. Calculate and evaluate the firm’s current and debt ratios. (4 marks)
Part B – History of accounting (15 marks)
“Double-entry bookkeeping developed by word of mouth and the distribution of books.
Pacioli’s book was the first on the subject and so it is no wonder that it became so widely
known. The books on the subject which came after Pacioli’s were essentially copies,
translations or very similar in their origin and with a tendency to fit their material to the
‘Method of Venice’” (Mann, 1994, p. 20).
Write an essay (about 800 words) to discuss the above quotation in relation to the history of
the development of accounting and the role of Pacioli’s book (on double-entry bookkeeping).
You are required to use at least two reading resources in Interact2 that relate to the history of
accounting.
Part C – Ethics (15 marks)
Watch the video below:

Requirements:
Use the video, reading resources in Interact2 and other resources on the internet that relate to
the case to write a business report (about 600 words) addressing the issues below:
1. What is the case about?
2. What are the five Fundamental Principles of Ethics in accounting? Describe them.
3. Using the facts of the case to provide examples for each of the five principles
4. In the case, which and how are the principles of ethics violated?
You are required to use the format of a business report, and provide at least one reference
from the readings in Interact2 and two references from the accounting resources on the
Internet.
Presentation – 10 marks
You are required to provide a quality presentation the total assignment including referencing
throughout and a bibliography. Details are listed under the presentation and spreadsheet
requirement sections.
Rationale
This assessment task will assess the following learning outcome/s:
• 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 explain the importance of ethics in accounting.
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. The early
questions in this assignment are designed to assess your digital literacy in a business/
accounting environment. It is suggested that you attempt the assignment questions week by
week.
This assignment task is designed to give you an opportunity to demonstrate knowledge and
skills in aspects of accounting and information systems including technical issues as well as
concepts such as the accounting equations, cash and accrual accounting, current and noncurrent
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.
In this assignment task, you are required to complete all questions and submit all necessary
workings. A list of references is required at the end of your assignment as well as references
throughout your assignment. The assignments in this subject are designed to assess your
application of knowledge and skills.
Assignment questions include problems, discussion questions, spreadsheets and questions
related to use and evaluation of digital resources. The assignment questions are structured so
as to simulate a pattern of weekly learning. Students are encouraged to attempt this subject by
studying on a regular (weekly) basis. The nature of the understanding and skills required
means it is unwise to leave study until the last minute. Note the special requirements for the
spreadsheet sections of your assignment detailed in the Spreadsheet Advice in Interact2.
The final examination in this subject will include questions assessing similar knowledge
application, understanding and skills as the assignment work.
Marking criteria and standards
Your assignment will be marked as a whole with recognition being given to demonstration of
knowledge, quality thinking, application of skills and critical thinking.
For some questions, you have a chance to demonstrate some creativity, or provide your own
examples or give evidence of wider reading or to structure a spreadsheet in an innovative
manner. You also need to avoid the snowballing effects of cumulative errors – that is, an error
early in a practical question which carries through. Full marks are a possibility for well
structured, complete, quality answers.
You will be provided with a mark based on the work submitted and you will also be provided
with suggested solutions or guidelines. Feedback will normally consist of the mark, specific
comments and guideline solutions.
High Distinction. To meet this level, you will attain a cumulative mark between 85%-100%. A
mark in this range indicates that you have met the learning outcomes for this task to an
exceptional level, including skilfully applying correct analytical methods and techniques,
deconstructing information and reflecting on different accounting and financial management
ideas and interpretative techniques applied in management decision making and efficient
allocation of business resources, and creating professional reports and spreadsheets that can
be used in management decision making.
This mark also indicates your assignment will:
• be professionally presented with correct spelling and grammar
• be the result of your original work
• include complete references and acknowledgment of all sources used according to APA 6th
style
• be complete without any omissions
• be correct
• evaluate comprehensively the issues raised in the questions
• provide examples where appropriate, and
• comply with all spreadsheet requirements.
Distinction. To meet this level, you will attain a cumulative mark between 75%-84%. A mark in
this range indicates that you have comprehensively met the learning outcomes for this task,
including competently applying correct analytical methods and techniques, judging between
different accounting and financial management ideas and interpretative techniques in
management decision making and efficient allocation of business resources and designing
reports and spreadsheets for effective use in management decision making.
This mark also indicates your assignment will:
• be neatly presented with very few spelling and grammatical errors,
• be the result of your original work,
• include references, acknowledging all sources used according to APA 6th style
• be mostly complete
• evaluate many of the issues raised in questions
• provide examples where appropriate, and
• comply with most spreadsheet requirements.
Credit. To meet this level, you will attain a cumulative mark between 65%-74%. A mark in this
range indicates that you have thoroughly met the learning outcomes for this task, including
differentiating between different analytical methods and techniques to be applied,
determining a course of action using accounting and financial management ideas and
interpretative techniques for management decision making and efficient allocation of
business resources, and assembling reports and spreadsheets for use in management decision
making.
This mark also indicates your assignment will:
• be neatly presented with few spelling and grammatical errors
• be the result of your original work
• include references, acknowledging sources used according to APA 6th style
• be mostly complete
• be mostly correct with only a few errors
• evaluate many of the issues raised in questions
• provide some examples where appropriate, and
• comply with most spreadsheet requirements.
Pass. To meet this level, you will attain a cumulative mark between 50%-64%.
A mark in this range indicates that you have met the learning outcomes for this task to a basic
level, including responding to questions with limited options for applying analytical methods
and techniques, selecting accounting and financial management ideas and interpretative
techniques for management decision making and efficient allocation of business resources,
and generating basic reports and spreadsheets that could be used for management decision
making.
This mark also indicates your assignment will:
• be neatly presented,
• be the result of your original work,
• include some references and acknowledge sources used according to APA 6th style,
• be mostly complete without too many omissions,
• be mostly correct with some errors
• evaluate some of the issues raised in questions
• provide some examples where appropriate, and
• comply with most spreadsheet requirements
Your assignment consists of different question styles including discussion questions, reports,
exercises, problem questions and spreadsheet questions.
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 spreadsheet requirements.
Any assignments with significant evidence of plagiarism may be referred to the university’s
academic misconduct processes and will receive a grade of zero.
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.                             Presentation                                                                                                                                          Please read this in conjunction with the spreadsheet requirements in the next section.
Single spacing and small margins are welcome to save paper.
For any business report style questions, a report structure is expected.
The work you submit must be your own. In the past a few students have received heavy
penalties for submitting assignments which were not entirely their own work.
1. Submit through Turnitin. Your Turnitin submission will consist of two files – a Word file and
an Excel file. Name the two files with just your family name. Submit one after the other. Please
check that Turniitn has accepted your assignment.
Important notes:
1. Your Word file will provide a complete answer to every question. Therefore, your
assignment must be submitted in Word, NOT in PDF or Excel. Failure to do so will lead to
zero (0) mark for your whole assignment.
2. Significant marks will be allocated to the quality of your presentation. Therefore,
please carefully follow instructions and requirements.
2. The first page of your assignment Word document should consist of the following parts:
• subject code and name;
• your name and student ID number;
• assignment task number;
• an academic integrity statement that the work submitted is your own and that all
sources used have been acknowledged. The following statement can be used: THE
WORK IN THIS ASSIGNMENT IS MY OWN WORK, AND HAS NOT BEEN PLAGIARISED;
• dates and details of any extension granted; usually include a copy of the approval
email.
3. Record your name, student number and page number as a footer on every page of your
Word document.
4. Present assignment solutions in your Word document in the same sequence as the
questions. Provide references throughout your assignment (question by question if
appropriate) including page references to texts, articles and URL’s of websites. Use APA 6th
style required at CSU.
At the end of your assignment include a complete Bibliography (Reference List) of resources
actually used including the Internet, textbook, Interact resources, software help files and
videos supporting this subject. You can use this link https://apps.csu.edu.au/reftool/apa-6/
book.
5. Please check for viruses. Do not use macros in your spreadsheet files.
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.
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.
Important notes:
1. If no spreadsheet submitted, no marks are given
2. Even though spreadsheets are given, but no solutions are given in the word
document, no marks will be given.
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.
5. Where appropriate, use the IF function to provide built in checks of balances, net income/
net loss, favourable/unfavourable variances etc.
6. 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.
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.

Assessment item 2
Assessment Item 2
Value: 20%
Due Date: 20-Jan-2019
Return Date: 11-Feb-2019
Submission method options: Alternative submission method
Task
Part A – 15 marks – Spreadsheet
1. Learning from assignment 1 and from your own experience, describe three spreadsheet
functions that you have used and found them useful. In your answers:
• Describe how each function is designed or formulated
• Use Excel spreadsheet to provide examples for each function. Show your
demonstration in both normal and formula views with row and column headings.
• Explain why they are useful to you.
2. VLOOKUP function:
• Describe its purposes
• Demonstrate this function by using Excel spreadsheet. Show your demonstration in
both normal and formula views with row and column headings.
Part B – 25 marks – Inventory management
Bike World recently opened several stores in New South Wales. The owner is considering
whether a perpetual or periodic inventory system should be used. The company also has an
inventory of a bike model with details below:
Requirements:
• Explain the essential differences in accounting treatments between perpetual and
periodic inventory systems. You have to use journal entries to demonstrate each
difference. With the nature of Bike World’s business, which system would you suggest
to the owner? Why? (7 marks)
• Using a spreadsheet, calculate the ending inventory and Cost of Goods Sold for June,
using the average cost, LIFO, and FIFO methods. Present your answers in both normal
and formula views with rows and column headings. In the spreadsheet, you are
required to have a data section separated from a report section. (10 marks)
• The company is not doing very well and the owner wants to call funds from potential
investors. Based on all the above factors, what inventory method would you suggest
to the owner, why? (8 marks)
Part C – 20 marks – Bank reconciliation
You are preparing Great Foods’ financial reports for June 2018, and the 30 June 2018 bank
statement has just arrived with the balance of $30,800. Currently, Great Foods’ Cash account
shows a balance of $31,560.
Additional information:
Requirements:
1. Suggest one new item that can increase the bank balance, and another new item that
can increase the cash balance. The value for both items is the same. (4 marks)
2. With the new bank balances, prepare Great Foods’ Bank Reconciliation at 30 June
2018 from the above data. Provide your handwritten solution – scan or use your phone
to copy and paste its image into your assignment. You can use a free scanning app
such as Camscanner, OfficeLens, or Google Drive. (8 marks)
Record any required journal entries from the bank reconciliation. (8 marks)
Part D – 30 marks – Bad debt management and financial decision
Find THE A2 MILK COMPANY LIMITED’s financial report through the link below:
https://thea2milkcompany.com/wp-content/uploads/A2ML0029-a2-2016-AR_Spreads.pdf
You are an investment advisor with accounting expertise. Write a business report, addressing
issues below:
• What was the bad debt method that the company used? How much was their bad debt
expense for the year 2016?
• Is there any other method of estimating bad debt? What are their differences?
• Analyse the company financial information through at least three ratios and two
charts. For any ratios used, you have to justify why these ratios are relevant to your
analysis.
• Comment on the company report on sustainability.
In your report, you have to provide your advice as to whether your client should invest in the
company or not.
Presentation – 10 marks
You are required to provide a quality presentation of the total assignment including
referencing throughout and a bibliography. Details are listed under the presentation and
spreadsheet requirement sections.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements.
• 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.
Assessment task 2 is designed to give you further opportunity to demonstrate knowledge and
skills in more in-depth aspects of accounting and information systems including bank
reconciliation, inventory systems, financial reports, accounting for bad debts and notes
receivable, as well as concepts and the application of spreadsheet software to the
presentation and solution of accounting problems.
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. The early
questions in this assignment are designed to assess your digital literacy in a business/
accounting environment. It is suggested that you attempt the assignment questions week by
week.
Marking criteria and standards
Your assignment will be marked as a whole with recognition being given to demonstration of
knowledge, quality thinking, application of skills and critical thinking.
For some questions you have a chance to demonstrate some creativity, or provide your own
examples or give evidence of wider reading or to structure a spreadsheet in an innovative
manner. You also need to avoid the snowballing effects of cumulative errors – that is, an error
early in a practical question which carries through. Full marks are a possibility for well
structured, complete, quality answers.
You will be provided with a mark based on the work submitted and you will also be provided
with suggested solutions or guidelines. Feedback will normally consist of the mark, specific
comments and guideline solutions.
High Distinction. To meet this level, you will attain a cumulative mark between 85%-100%. A
mark in this range indicates that you have met the learning outcomes for this task to an
exceptional level, including skilfully applying correct analytical methods and techniques,
deconstructing information and reflecting on different accounting and financial management
ideas and interpretative techniques applied in management decision making and efficient
allocation of business resources, and creating professional reports and spreadsheets that can
be used in management decision making.
This mark also indicates your assignment will:
• be professionally presented with correct spelling and grammar
• be the result of your original work
• include complete references and acknowledgment of all sources used according to APA 6th
style
• be complete without any omissions
• be correct
• evaluate comprehensively the issues raised in the questions
• provide examples where appropriate, and
• comply with all spreadsheet requirements.
Distinction. To meet this level, you will attain a cumulative mark between 75%-84%. A mark in
this range indicates that you have comprehensively met the learning outcomes for this task,
including competently applying correct analytical methods and techniques, judging between
different accounting and financial management ideas and interpretative techniques in
management decision making and efficient allocation of business resources and designing
reports and spreadsheets for effective use in management decision making.
This mark also indicates your assignment will:
• be neatly presented with very few spelling and grammatical errors,
• be the result of your original work,
• include references, acknowledging all sources used according to APA 6th style
• be mostly complete
• evaluate many of the issues raised in questions
• provide examples where appropriate, and
• comply with most spreadsheet requirements.
Credit. To meet this level, you will attain a cumulative mark between 65%-74%. A mark in this
range indicates that you have thoroughly met the learning outcomes for this task, including
differentiating between different analytical methods and techniques to be applied,
determining a course of action using accounting and financial management ideas and
interpretative techniques for management decision making and efficient allocation of
business resources, and assembling reports and spreadsheets for use in management decision
making.
This mark also indicates your assignment will:
• be neatly presented with few spelling and grammatical errors
• be the result of your original work
• include references, acknowledging sources used according to APA 6th style
• be mostly complete
• be mostly correct with only a few errors
• evaluate many of the issues raised in questions
• provide some examples where appropriate, and
• comply with most spreadsheet requirements.
Pass. To meet this level, you will attain a cumulative mark between 50%-64%.
A mark in this range indicates that you have met the learning outcomes for this task to a basic
level, including responding to questions with limited options for applying analytical methods
and techniques, selecting accounting and financial management ideas and interpretative
techniques for management decision making and efficient allocation of business resources,
and generating basic reports and spreadsheets that could be used for management decision
making.
This mark also indicates your assignment will:
• be neatly presented,
• be the result of your original work,
• include some references and acknowledge sources used according to APA 6th style,
• be mostly complete without too many omissions,
• be mostly correct with some errors
• evaluate some of the issues raised in questions
• provide some examples where appropriate, and
• comply with most spreadsheet requirements
Your assignment consists of different question styles including discussion questions, reports,
exercises, problem questions and spreadsheet questions.
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 spreadsheet requirements.
Any assignments with significant evidence of plagiarism may be referred to the university’s
academic misconduct processes and will receive a grade of zero.
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.                               Presentation
Please read this in conjunction with the spreadsheet requirements in the next section.
Single spacing and small margins are welcome to save paper.
For any business report style questions, a report structure is expected.
The work you submit must be your own. In the past a few students have received heavy
penalties for submitting assignments which were not entirely their own work.
1. Submit through Turnitin. Your Turnitin submission will consist of two files – a Word file and
an Excel file. Name the two files with just your family name. Submit one after the other. Please
check that Turnitin has accepted your assignment.
Important notes:
1. Your Word file will provide a complete answer to every question. Therefore, your
assignment must be submitted in Word, NOT in PDF or Excel. Failure to do so will lead to
zero (0) mark for your whole assignment.
2. Significant marks will be allocated to the quality of your presentation. Therefore,
please carefully follow instructions and requirements.
2. The first page of your assignment Word document should consist of the following parts:
• subject code and name;
• your name and student ID number;
• assignment task number;
• an academic integrity statement that the work submitted is your own and that all
sources used have been acknowledged. The following statement can be used: THE
WORK IN THIS ASSIGNMENT IS MY OWN WORK, AND HAS NOT BEEN PLAGIARISED;
• dates and details of any extension granted; usually include a copy of the approval
email.
3. Record your name, student number and page number as a footer on every page of your
Word document.
4. Present assignment solutions in your Word document in the same sequence as the
questions. Provide references throughout your assignment (question by question if
appropriate) including page references to texts, articles and URL’s of websites. Use APA 6th
style required at CSU.
At the end of your assignment include a complete Bibliography (Reference List) of resources
actually used including the Internet, textbook, Interact resources, software help files and
videos supporting this subject. You can use this link https://apps.csu.edu.au/reftool/apa-6/
book.
5. Please check for viruses. Do not use macros in your spreadsheet files.
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.
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.
Important notes:
1. If no spreadsheet submitted, no marks are given
2. Even though spreadsheets are given, but no solutions are given in the word
document, no marks will be given.
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.
5. Where appropriate, use the IF function to provide built in checks of balances, net income/
net loss, favourable/unfavourable variances etc.
6. 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.
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.

Assessment item 3
Plagiarism Quiz
Value: Satisfactory/Unsatisfactory
Due Date: 23-Dec-2018
Return Date: Not returned
Length:
Submission method options: Interact2 Test
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 the end of week 6. We strongly encourage all
students to complete and pass this quiz prior to submitting other assessments.
Rationale
This assessment task does not directly assess a specific learning outcome but is a requirement
for passing the subject.
To ensure students are aware of plagiarism and referencing standards.
Marking criteria and standards
Students must obtain a mark of at least 18 from 20 in order to pass this quiz. Failure in this quiz
will automatically lead to a fail grade for the subject irrespective of the marks obtained in all
other assessments.
Assessment item 4
Final Exam
Value: 60%
Due Date: To be advised
Duration: 2 hours plus 10 minutes
Submission method options: N/A – submission not required/applicable
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 weighted at 1.5 marks,
each with five alternatives. Some questions require calculation. The questions cover the
assigned chapters from the textbook 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 on the readings and the learning materials.
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 earlier 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
• History of accounting
• Accounting principles
• Assets management
• Ethics and ethical cases
• Financial reports and budgets
Rationale
This assessment task will assess the following learning outcome/s:
• 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 contextualise and evaluate accounting information for decision making
purposes.
• be able to explain the importance of ethics in accounting.
Marking criteria and standards
Section A is weighted as 60% of the total mark for the examination. No marks will be deducted
for incorrect responses. Each question is weighted at 1.5%
Section B is weighted at 40% of the examination. Each essay is weighted at 20%.
Possible essay topics include:
• History of accounting
• Accounting principles
• Assets management
• Ethics and ethical cases
• Financial reports and budgets
Marking criteria rubric final examination
Your examination consists of two sections as outlines above. Your grade in the subject is a
cumulative aggregate of the assignments and section A and section B of the exam. Note that in
order to pass the subject you need to pass the final exam and pass overall. A pass is defined as
50%


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