Reference no: EM132651792

ACCT11081 Introductory Financial Accounting - Central Queensland University

The assignment for this unit is made up of eleven (11) steps. As you complete these eleven steps, you will find your company's annual reports and have a look at them. You will then practice aspects of the recording process using Excel. You will also create a Trial Balance from your company's financial statements and explore its Inventories and Depreciation policies. You will also have the opportunity of creating a set of business transactions for your company, recording these in MYOB software and producing a set of financial statements using MYOB. As well, you will have the opportunity to experience how interacting with others in the unit may be able to help you to better understand the concepts we will be studying.

Step 1:
Step 1 involves you writing down some of your ideas, reflections, and reactions to reading Chapter 1 Sections 1.1 - 1.3 in the Study Guide.

Read Chapter 1 Sections 1.1 - 1.3 in the Study Guide. Read it like you would a novel or any book, actively seeking to engage with the author (who is Dr Martin Turner) and to understand what you are reading. What is the author trying to say? Let the author take you on a journey: go with him and see what you think of some of the key ideas and concepts beingdiscussed.

And while you do this, note down key concepts that occur to you. That is right; just write them down as you go along. Write them in your own words. Also, include any questions that occur to you as you are reading. What do you find confusing, difficult to understand or believe, boring, exciting, or surprising? Include some of your key concepts and questions (KCQs) in a Worddocument.
Your personal engagement with the reading is what I am interested in. Do not simply summarise the readings. I will say it again, do not simply summarise the readings. I am interested in your reactions, understanding, and questions from the readings. I know what the readings say. So simply giving me a summary of the readings will not be telling me anything I do not already know.
Use the words "I" and "me" in your Step 1. Different people will have different reactions to the readings. Tell me what your reactions are. This is what I am interested in. Do not tell me what you think I might want to hear. Be genuine and honest in your reactions to the readings. Give me something of yourself in your Step1.

Please allow up to about 2 hours to complete Step 1 (if you have English as your second language, it may take you more time).

Step 2:
Step 2 involves you writing down some of your ideas, reflections and reactions to reading Chapter 1 Section 1.4 and Chapter 2 in the Study Guide; and also from watching the video How Firms Account for GST.

Read Chapter 1 Section 1.4 and Chapter 2 in the Study Guide. Also, watch the video How Firms Account for GST. You can find this video at this link or by going to the Videos section in Moodle. Read (and watch) it like you would a novel or any book, actively seeking to engage with the author and to understand what you are reading. What is the author trying to say? Let the author take you on a journey: go with him and see what you think of some of the key ideas and concepts beingdiscussed.

And while you do this, note down key concepts that occur to you. That is right; just write them down as you go along. Write them in your own words. Also, include any questions that occur to you as you are reading. What do you find confusing, difficult to understand or believe, boring, exciting, or surprising? Include some of your key concepts and questions (KCQs) in a Worddocument.
Your personal engagement with the reading (and video) is what I am interested in. Do not simply summarise them. I will say it again, do not simply summarise them. I am interested in your reactions, understanding, and questions from the readings and video. So simply giving me a summary of the readings will not be telling me anything I do not already know.
Use the words "I" and "me" in your Step 2. Different people will have different reactions to the readings. Tell me what your reactions are. This is what I am interested in. Do not tell me what you think I might want to hear. Be genuine and honest in your reactions to the readings. Give me something of yourself in your Step2.

Please allow up to about 3 hours to complete Step 2 (if you have English as your second language, it may take you more time).

Step 3:
Step 3 involves you identifying your own company, posting on your blog some background information on your company and its industry, and commenting on other people's blogs.

Find your Firm's Annual Report and Spreadsheet
Go to the list of companies on Moodle called ‘Find Your Company'. This will be available in the top central panel in Moodle from 5.00pm Friday Week 1. For those not enrolled in our unit by then (and we should, of course, be enrolled in our units no later than two weeks before term starts), you will need to email your Unit Coordinator to be allocated a company.
Find the company you have been given and click on its URL. This will take you to your firm's website, where you should be able to find your firm's annual reports under the Investors or Investor Relations section. This section might also be called Shareholders' Information, Financial Information, or something similar. For some companies, in the ‘Find Your Company' list there is a comment in the Notes section to help you navigate your firm's website. Save a soft copy of the Annual Report for your firm for each of the last three years. For example, if your firm's latest Annual Report is for the year ended 30 June 2019, save your firm's Annual Reports for 30 June 2019, 30 June 2018, and 30 June2017.
Only save your firm's Annual Reports. Do NOTsave its interim or half-yearly reports; also, do not save its concise annual reports. You can ignore these. Only save its full Annual Reports (with its full financial statements) for each of the last three years. I also suggest you have a quick browse through your firm's website. This will give you some initial insights into your firm's operations andactivities.
A key initial step for you to achieve in your Assignment is to make sure you have got hold of your firm's Annual Reports for the last three years. As each Annual Report will have two years of financial statements, this will mean you will have the financial statements for your firm for the last four years. The other key thing for you to do is to check that your firm has inventory in its balance sheet; and that it has depreciation in its financial statements.

Read Your Firm's Annual Report: Identify Clearly What Your Firm Does
Carefully and thoughtfully read through your firm's latest Annual Report. For example, your firm's latest Annual Report may be for the year ended 30 June 2019. While you do this, note down key concepts and questions (KCQs) that occur to you. Identify areas of your firm's financial statements you are having difficulty understanding, areas of its business that seem most important or critical to you, key challenges the firm appears to be facing, how successful it appears to be in meeting these challenges and its apparent strategy. Some people's companies may have very long annual reports. There is no need to read every word (or page) of your firm's Annual Report. Simply seek to gain an initial familiarity with your firm and its latest AnnualReport.
Discuss your KCQs with other people in our unit, for example with those at your own location, or online on our unit Facebook page, on the forums on Moodle, or through our various blogs or by email. You can click on the link to our unit's Facebook pagein the Communication box in Moodle and ask to be given access. What similarities or differences are there between your firm and the firms of other people, and in the way they present their financial statements? Are you happy with the firm you have been given, or would you have preferred to be given a different company? What concerns, if any, do you have at this stage? How have you found your firm in our unit this term, compared to the company you had in ACCT11059 Accounting, Learning & Online Communication? Have you found it easier, or perhaps more difficult, to read your firm's annual report and consider what its activities are, compared to when you read your firm's annual report inACCT11059?

Know Your Firm
Find useful news articles, blogs and videos about your firm, its industry and some of the opportunities and challenges your firm is facing. Provide links to these resources in your Word document and on your blog. Also, comment on some other students' blogs about their firms. As an example, here are links to two videos produced by groups of residents in two of Ryman Healthcare's retirement villages. They are quite a bit of fun: 80-odd Years of Happy and 80-odd Years of Disco. And they give some insights into Ryman Healthcare's business and customers. The first video, 80-odd Years ofHappy, has gone viral and has over 8 million views. There is also a great video on the launch of the myRyman app a few years ago; and another on the launch of a new staff uniform; and the work that went into the design of the new uniform; and another on a singer RebeccaNelson who has performed at many Ryman villages. What do these videos suggest about the culture management are seeking to support at RymanHealthcare?
Discuss with others, perhaps face-to-face (f2f), through our blogs, Facebook, Moodle forums or email about what you learnt about each other's firms. Also, discuss with others about how discussing with others helped, or did not help, you to understand more about what your firm does and about aspects of its business performance.

Step 4:
Step 4 involves you practising the recording process.
This activity aims to consolidate your understanding of the concepts we have been studying by considering your own personal finances; and producing a basic set of financial statements for yourself by using your bank/loan account and credit/debit card account transactions. This exercise demonstrates the cash basis of double-entrybook-keeping.
First, obtain all the bank statements for each of your personal accounts (savings, cheque, loan, credit and debit cards) for the same period (choose a reasonable period in which the volume of transactions will not overwhelm you, for example it might be for a period of one month). You also do not need to include all your transactions. You only need to include those you are happy to include in your assignment. You can also use fictitious (or partly fictitious) transactions if you would prefer.
Decide on what chart of accountsyou wish to have. A chart of accounts is a list of the ledger accounts you are using (along with their associated numbers). Please go through each of your statements, line by line, and ‘classify' each transaction. In this way, create your chart of accounts. For example, assume this was your bank statement for the month of January 2020 (first three columns). You might go through and classify each transaction as follows (fourthcolumn):

Please use Excel to do this task.

If you have online banking, you can do the above very simply by choosing a date range, and simply exporting this to a CSV file, which can be opened in Microsoft Excel. You can then classify your chart of accounts in the next column.

Please note: You need to use Excel for this step. This will allow you to complete the next step, where you will be linking cells and using simple formulas in Excel.

When you have classified your transactions and created your chart of accounts, please then prepare a simple Income Statement for yourself, as follows:

Note that the items listed as income and expenses are directly from your chart of accounts. You are simply grouping each transaction by your classification.

To use Excel's linking features, simply type ‘=' to start a formula in the cell that you wish to link (for example, you can link the interest figure of $197.29 in your Income Statement directly to the bank statement figure for this interest). This is particularly important when grouping more than one figure: for example, grouping the figures for Income - Salary and Wages. You would begin with ‘=' and then click on each bank statement figure for the pays you received, pressing ‘+' in between each, and hitting ‘Enter' to complete the linking. Excel then automatically sums these pays as $4,618.75. You can also enter formulas for the Profit/(Loss) for the period by typing ‘=', then click on the TOTAL INCOME figure, and ‘+' the TOTAL EXPENSES figure.

You can access the actual Excel file used in this exercise, which is available on Moodle, so that you can see how the Income Statement is linked.

Please include your Excel spreadsheet in this Step, for your submission.

Also, please include your thoughts and key concepts and questions that occur to you as you complete this process. What insights have you gained from completing the recordingprocess of your own personal transactions? Will this be something that you continue and expand upon in future (for example, create your own Balance Sheet)?

Please also describe your responses to the following questions:

a) What is the chart of accounts so far, as illustrated in this example? What is your own chart of accounts? Is it like the one shown here? Remember, you can add to your chart of accounts as you classify more of your owntransactions.
b) What level of detail could you change in the chart of accounts shown in this activity? Why might you want to dothis?
c) How might you analyse your Income Statement? Has this exercise of recording your transactions through to the financial statements been useful for you? If so, why; if not, why not?

d) Did you identify any transactions that you could apply the accrual basis of accounting to? Describe how treating a transaction under the accrual basis of accounting might differ from the cash basis of accounting. (Hint: these sorts of transactions commonly appear in personal accounts as lump sum payments in advance for a year's worth of ‘expense' - e.g. house insurance, carregistration).

Please allow up to about 5 hours to complete Step 4.

Step 5:
Step 5 involves you creating a Trial Balance in a spreadsheet, using your company's financial statements. This exercise will test your understanding of the double-entry accountingprocess.
You can find a template Trial Balance spreadsheet by clicking on ‘Template Spreadsheet' link in the top centre box on Moodle.
A Trial Balance is one form of control used for the double-entry recording process; that is, to see if ‘debits match your credits'. A trial balance is simply a listing of the chart of accounts of an entity in terms of debits and credits (DR and CR). It is a ‘trial' of whether these ‘balances' match (hence the name). It is also a convenient list of a firm's ledger balances that can be used to develop a firm's financial statements.
We will be looking at the Trial Balance ‘in reverse'. In this step, you will create your firm's Trial Balance using your firm's financial statements. The two main financial statements you will be using to complete your Trial Balance are the Income Statement and the Balance Sheet. You may also need to refer to the Statement of Changes in Equity when checking that the profit/loss allocated to the equity section matches your firm's revenue less expenses. You will not need to use the Statement of Cash Flows for this step.
Open your firm's Trial Balance worksheet by clicking on the Trial Balance tab in your template spreadsheet.
You will find in this worksheet some space for you to enter your firm's Trial Balance. Carefully enter each of the accounts from the most recent year of your company's Income Statement and Balance Sheet, either under the DR or CR columns. Do this for the mostrecent year only. Enter your Trial Balance accounts in the order of Assets, Liabilities, Equity, Revenue and Expenses. Once you have successfully completed your Trial Balance, your DR and CR column total figures should be the same (i.e. ‘balance').
Tip: Your firm's financial statements may be called a range of different names, such as Consolidated Statement of Financial Position (which is your firm's Balance Sheet) and Consolidated Statement of Financial Performance (which is your firm's IncomeStatement).
Tip: We use our firm's consolidated or group accounts; not its parent or company accounts.
Sit back and reflect on what you have just completed. Discuss with others, perhaps face-to- face (f2f), through our blogs, our unit Facebook page, Moodle forums or email, about what you have learnt by doing a Trial Balance for your firm. Also, discuss with others about how your firm's financial statements link together. In your Word document, include your reflections and your comments about what you gained (or did not gain) from your discussions with others.

Please allow up to about 5 hours to complete Step 5.

Step 6
Step 6 involves you providing (and receiving) feedback to three other students in our unit on their draft ASS Steps 3-5.
The main benefit for you of Step 6 is in giving quality and thoughtful feedback to others in our unit. The process of thinking about the feedback you give to others will help you greatly with your own assignment as you think about what the assignment requires and how others have addressed these requirements for their owncompanies.
Prior to 10.00pm Thursday Week 4, please:
• post draft work of your ASS Steps 3-5 on yourblog.
• provide a link to your blog on the Draft ASS Steps 3-5 Feedback Forum and post in the Draft ASS Steps 3-5 Feedback forum a comment that your draft ASS Steps 3-5 is ready for student feedback and, if you wish, specific areas where you would particularly value feedback for your ASS Steps3-5.
Prior to 5.00pm Thursday Week 5, please ensure you have provided quality feedback to at least three other students, using the Peer Feedback Sheets for ASS Steps 3-5 (see below).
Include the feedback you have given to at least three other students in the unit in your ASS Steps 3-5. Also, include and/or comment on any feedback others may have given you on your draft ASS Steps 3-5.
Also, comment in your Step 6 whether you found feedback from other students useful and why this was, or was not, the case. You can include in your discussion both how useful (or not) you found feedback you received from other students through your interactions with them f2f, on discussion forums, Facebook, on our blogs and through other means.
Please allow up to about 2 hours to complete Step 6.

Step 7:
Step 7 involves you exploring the inventories practices of your firm.
Please read Study Guide Chapter 4 Inventories and the videos How We Account forInventory Transactions, Cost Formulas and Coles Checkout to help you complete this Step.
Inventories often form a significant part of a firm's business (although not all firms have Inventories; for example, Ryman Healthcare does not have any Inventories). Go to your firm's annual reports that you downloaded as part of Step 3. Open each soft copy file and search for where ‘Inventories' is referred to. You may find your document has a search function. You can also find comments on Inventories in the notes to your firm's financial statements. Read these comments to get a feel for how your company manages its Inventories. Make sure that you do this for EACH year for which you have downloaded an annual report.

As you are doing this, write down the key concepts that you find interesting, and whether they relate to each year or just one year. You will find specific information about yourfirm's Inventories policies as part of the detailed notes to the financial statements. Note the figures for Inventories for your firm. Are they large or small numbers? What do these figures mean? You might find that your firm's note on Inventories contains key terms such as Raw Materials, Work in Progress, Finished Goods, Net RealisableValue.

What does your firm disclose (and not disclose) about its Inventories? Has your firm changed its Inventories practices over the years that you are reviewing? If so, why? How might this have affected your firm's financial statements? Does your firm disclose what type of Inventories system it uses (perpetual or periodic)? What method of Inventories does it use (weighted average, FIFO, LIFO, specific identification)? What are some of the associated issues and costs that your firm might be facing with its Inventories management? Why might this be the case? Are there any areas where you think your firm could improve its Inventories management? How did you identify these areas? If you have had any experience with Inventories, make sure you also describe theseexperiences.

Please allow up to about 5 hours to complete Step 7.

Step 8:

Step 8 involves exposing you to a commonly used accounting software. In this step, you will learn how to use MYOB AccountRight (Windows), or MYOB Essentials(Mac).
In ACCT11059 Accounting, Learning & Online Communication you were introduced briefly to accounting systems and cloud computing. Did you know that you can ‘try-before-you- buy'? Most computerised accounting systems will provide an option where you can trial a version of their software for free (usually for a period of up to 30 days). In this step, we will trial MYOB software, one of the leading small business accounting software inAustralia.
Important note: You only have 30 days within which to trial MYOB for free, beginning from the date that you download and install it onto your computer. You will need this software to complete Steps 8 and 9 of this assignment, so please ensure you are able to complete both steps within 30 days from the time that you install MYOB onto your computer.
Depending on your computer's operating system, please go to:
Windows users: the MYOB AccountRightwebsite and click on Try FREE for 30 Days
Mac users:MYOB Essentialsand click on Try FREE for 30 Days.
Please note: If you are already a user of the MYOB AccountEdge for Mac, then you can continue to use this if you are able to - be aware that MYOB has stopped selling AccountEdge as of October 2019 (see this notice:MYOB AccountEdge website) however, they still support this product for existing users.]
Then, you can learn how to use this software for free. Remember: when you set this up in your computer, you only have 30 days to complete Steps 8 and9.
MYOB offers tutorials for operating their products. Simply choose which product you have downloaded for the trial version (AR AccountRight), click on the ‘Start Learning' button and follow through the prompts. Mac users, please note: the training provided demonstrates using AccountRight, since all MYOB products (Essentials/AccountEdge) are similar enough so that you can complete the training products for AccountRight and apply that knowledge to Essentials/AccountEdge. There are very small differences in terms of the User Interface and where buttons are located but you should get an understanding to which you can apply to the product you are using. In fact, the products are so similar that MYOB only produces training and tutorials for AccountRight.
Allow about 1.5 hours for the initial training on set up, and a further 3 hours for learning how to use the software.

How you complete the training may differ for each person. For example, what file you create, what bank accounts you link (or skip linking, in most cases) and what entries you create in your MYOB file may be done differently by different people.
The idea is that you are exploring how to use MYOB. You can learn and become familiar with one of the common accounting software packages for small to medium size businesses. There is no single set way in which you can learn this. You can set up the Clearwater file, or you can use your own firm and create hypothetical data (suppliers, customers, etc). The idea is that you are learning about this software package.
Marks for this section are not based on the quality of your MYOB file; marking is based on evidence of you going through the learning process.

Step 9:

Step 9 involves you creating a set of business transactions for your company, recording these in MYOB, and producing a set of financial statements from MYOB.

Every day, you engage in and perform ‘transactions'. For example, filling up your car with fuel (and paying for it) is a transaction. In your financial records, if you were to record this transaction, it would appear as a DR to Fuel Expense and a CR to your Cash at Bank asset (or a CR to your Credit CardLiability).

Tip: Increases in Expenses are debits; decreases in Assets (and increases in Liabilities) are credits. See Study Guide Chapter 1, Section 1.4 on the three things you need to memorise.

To record this transaction in MYOB, you would use the ‘Spend Money' function in the Banking command centre to record this transaction. (Note: A good PeerWise question could be based around ‘why' you might use this function to record such a transaction, instead of the Pay Bills function, in MYOB.)

So then, you can think of transactions as the interactions between customers and suppliers and a business. Transactions can be very simple, like our fuel example above, or more complex. If you look up any business dictionary, you will probably get a formal definition for a transaction such as "A transaction is an economic event that initiates a recording process in a business accounting system." However, as you have seen, even if you do not have an accounting system (and, yes, most people probably do not keep track of their personal fuel expenses in an accounting system) you can still be creating transactions; even if you do not recordthem.

In this step, you need to create a set of ten (10) hypothetical business transactions that might be realistic for your allocated firm. Please ensure that the set of business transactions are related to your firm's industry and operations. You will need to include your set of business transactions in your Word document for this Step. You will not obtain any marks for this section if you do not include these business transactions in your Word document.

Once you have created your set of business transactions, you will then need to record them in your MYOB trial software. There are two ways in which you can complete this: either create a NEW company file in MYOB and record them there, or use your existing Clearwater file, and create your business transactions using dates after the last transaction for Clearwater.

For this step, please create a NEW company file.

Using a new file will require you to completely set up again; however, your reports will only reflect the business transactions that you created. This will be good practice again for you, in learning to use MYOB.

Once you have recorded your business transactions, you will need to export the All Journals report to Excel and include this in your Step 9. Use the MYOB help and tutorials, the unit Facebook page, Moodle discussion forums and/or discuss f2f with others in our unit about how to generate this report. Hint: The All Journals report is basically a report of all your transactions over a period, from all ‘journal' sources (e.g. Sales, Purchases, General). MYOB has automatically generated these journal entries in the various source journals for you, based on your transactions entered. The All Journals report does not appear in the Index to Reports. The correct report we are asking you to submit will actually show the heading ‘All Journals' once you run the report. You will need to explore the Command Centre functions in MYOB to find this report. Once you have the correct report, you can either export it to Excel, and copy and paste this into your Word document, or take a screen shot of your All Journals report and include the screen shot into your Word document.

You then need to generate a set of financial statements: Income Statement, Balance Sheet, and Statement of Cash Flows. Again, use the MYOB help and tutorials, the unit Facebookpage, Moodle discussion forums and/or discuss f2f with others in our unit about how to generate these reports. Include these financial statements in your Word document submission for this Step; either export them to Excel, and copy and paste them into your Word document, or take a screen shot of each and include the screen shots into your Word document.

Now we get to the exciting part. Take a good look at your financial statements. What story do you think they are telling you? What I am interested in is YOUR interpretation of these financial statements. What tools might you use to analyse these financials? Why? Include (in your Word document) your analysis and discussion about the story your financial statements are telling you about your company.

Please allow up to about 9 hours to complete Step 9.

Step 10

Step 10 involves you describing your firm's Depreciation policies and creating Depreciation journal entries based on your firm's financial statements.

To help you complete this step, please read Study Guide Chapter 5 Non-Current Assets Section 5.2. Also view these videos: Depreciation: Asset into an Expense; DepreciationMisconceptions; Depreciations: Estimate of Using Up Future Economic Benefits. Also see the video Property, Plant and Equipment to help you complete this step.
Go to your firm's annual reports that you downloaded as part of Step 3. Open each soft copy file and search for where ‘depreciation' is referred to. You may find your document has a search function. You can also find comments on depreciation in the notes to your firm's financial statements. Read these comments to get a feel for how your company manages its deprecation of non-current assets. Make sure that you do this for EACH year for which you have downloaded an annual report.

As you are doing this, write down the key concepts that you find interesting, and whether they relate to each year or just one year. You will find specific information about your firm's depreciation policies as part of the detailed notes to the financial statements, and your firm may possibly have ‘depreciation and amortisation' listed in its Income Statement as a major expense account. You will also find that ‘Accumulated' depreciation and amortisation may be listed in your firm's Balance sheet, or in a detailed note that relates to certain assets in the Balance sheet (these assets may be called ‘Property Plant and Equipment'). Note these figures down as part of your keyconcepts.

Has your firm changed its depreciation methods over the years that you are reviewing? If so, why? How might this have affected your firm's financial statements? What type of depreciation method does it use (for example, straight-line, reducing balance, units of production)? Is depreciation a significant expense for your firm? Why or why not?

Using the information from your firm's financial statements (mainly the Balance sheet, Income statement and the relevant notes), identify at least three journal entries that may have been processed by your firm's accountants when recording your firm's depreciation. The journal entries can include numbers you have made-up, or alternatively be simply noted as ‘XXX'. Write the three journal entries as part of your response to this Step, in your Word document. What effect do these journal entries have on your firm's financial statements? Are there any areas where it might be possible to manipulate these entries?

Please allow about 5 hours to complete Step 10.

Step 11

Step 11 involves you providing (and receiving) feedback to three other students in our unit on their draft ASS Steps 7-10.
The main benefit for you of Step 11 is in giving quality and thoughtful feedback to others in our unit. The process of thinking about the feedback you give to others will help you greatly with your own assignment as you think about what the assignment requires and how others have addressed these requirements for their owncompanies.

Prior to 5.00pm Friday Week 9, please:
• post draft work of your ASS Steps 7-10 on yourblog.
• provide a link to your blog on the Draft ASS Steps 7-10 Feedback Forum and post in the Draft ASS Steps 7-10 Feedback forum a comment that your draft ASS Steps 7-10 is ready for student feedback and, if you wish, specific areas where you would particularly value feedback for your ASS Steps7-10.

Prior to 5.00pm Thursday Week 10, please ensure you have provided quality feedback to at least three other students, using the Peer Feedback Sheets for ASS Steps 7-10 (see below).

Include the feedback you have given to at least three other students in the unit in your ASS Steps 7-10. Also, include and/or comment on any feedback others may have given you on your draft ASS Steps 7-10.

Also, comment in your Step 11 whether you found feedback from other students useful and why this was, or was not, the case. You can include in your discussion both how useful (or not) you found feedback you received from other students through your interactions with them f2f, on discussion forums, Facebook, on our blogs and through othermeans.

Note: Need from step 7-10 only.

Attachment:- Introductory Financial Accounting.rar