Reference no: EM132388286
ACC1AIS Accounting and Information Systems Assignment - La Trobe University, Australia
This assignment requires you to create a new business, input transactions, and generate financial statements and reports using Xero. This assignment question sheet should be used in conjunction with the weekly Xero help-sheets which explain in more detail the steps required to complete the exercises below.
Task Overview - The company for which you will be working in this assignment distributes, sell and repairs baby products. You will be recording transactions for the month of September 2019.
The assignment contains five separate sections, one for each week of September. You should work though these sections sequentially. Once you have completed all the exercises you should prepare the requirements listed below.
Assignment requirements (Please ensure all reports have correct dates) -
1. A Trial Balance report dated 29th September 2019. This is your 'unadjusted' Trial Balance. Use the older version of the Trial Balance.
2. A Journal Report for 30th September 2019. An example from Demo Company is shown below.
Please note that: you MUST change the date from 30 September 2019 to 30 September 2019 and click onto "Show Posted Manual Journals Only". Students who submit a Journal report that includes all journals of the whole month of September 2019 may lose 50% of their mark for this deliverable.
3. A Profit and Loss report for the period 1st September 2019 to 30th September 2019. Use the older version of the Profit and Loss.
4. A Balance Sheet report as at 30th September 2019. Use the older version of the Balance Sheet.
5. A professionally presented short written business report (maximum 1,000 words) designed for an internal user of the accounting information. Your written report is required to be classified as below.
Written Report - Financial performance factors
Your report explains the financial results and performance of your company in September 2019. You are required to provide four (4) discussion factors to analyse the financial performance of the company. These can be items taken from either balance sheet or profit and loss that you feel had an impact on the financial performance of the company. To achieve full marks, you are required to provide an appropriate XERO report (other than the ones provided before), calculation and/or ratio to support your discussion of each factor you have chosen to highlight.
Written report - Benchmarking
You are required to compare the company results with that of at least one competitor. You require to use the annual reports of the competitor as your source for benchmarking purposes and compare your company with the competitor using at least two (2) benchmarking ratios.
Written report - Recommendations
You are required to provide two recommendations for the business moving forward and include supporting evidence through analysis to justify your recommendations. You are required to be creative and think about both financial and non-financial factors e.g., you can discuss media reports, current global financial climates, international demand, expansions or contractions of departments/product lines, internal factors, risk and liability etc.
Written report - Visualisation
Provide four (4) graphs that visually illustrate the company's overall financial situation and performance. Include a description for each graph that describes the results or trends. You are required to provide meaningful, effective, easy to read, and well-formatted graphs for use in managerial decision making.
Written report - Format
You are required to write your report according to the business report format. The following link, taken from Business School of Victoria University of Wellington, New Zealand, should assist you with writing a business report according to the business report format.
Attachment:- Accounting and Information Systems Assignment File.rar