Analyse and prepare relevant worksheet entries

Assignment Help Accounting Basics

Reference no: EM133018476 , Length: word count:1500

ACCT6005 Company Accounting - Laureate International Universities

Assessment - Case Study

Learning outcome 1: Prepare consolidated financial statements and related accounting entries for incorporated entities.

Learning outcome 2: Generate and communicate strategic recommendations in various inter-entity relationship scenarios with reference to relevant accounting standards.

Context:
• Assessment coverage: Module 1 Fair Value adjustment and Module 2 Intra group transactions.
• Part A: This assignment is designed to assess your understanding and application of knowledge using a practical case study to analyse and prepare relevant worksheet entries and financial statements for a Group.
• Part B: You will be required to prepare a short video (8 minutes +/-10%) addressing specific questions in this assignment. You will recommend and communicate strategic recommendations regarding various types of consolidation adjustment entries. This is designed to access your understanding of the concepts covered in Module 1 and Module 2 and assess your communication skills to your audience. Please ensure that your presentation includes reference to relevant Australian Accounting Standards (AASB).

Part A:
• Submit Part A of the assessment document in a Word format including a cover sheet.
JPEG files or similar cannot be opened and will not be marked.
• Submit via the Assessment link in the main navigation menu in ACCT6005 Company Accounting.

Part B:

1. Prepare a video presentation to answer the questions in this assignment. Upload your file on Blackboard by reading the instructions contained

2. Prepare and upload your script for your presentation as a PDF file.

3. You will be assessed on your technical understanding of each question and also your presentation skills. Please refer to the marking rubric. You may use visual aids to support your presentation, however you must be seen at all times in front of the camera. Marks will not be awarded if you read directly from your notes. Headphones are strictly prohibited and will attract a zero grade. Please introduce yourself and the purpose of your presentation. Speak slowly and clearly to address each issue in the case study.

Assessment 3 Part B: video and script

Assignment instructions:
1. Prepare a video presentation to answer the questions in this assignment. Upload your file on Blackboard by reading the instructions contained in the following link:
2. Prepare and upload your script for your presentation as a PDF file.

3. You will be assessed on your technical understanding of each question and also your presentation skills. Please refer to the marking rubric. You may use visual aids to support your presentation, however you must be seen at all times in front of the camera. Marks will not be awarded if you read directly from your notes. Please introduce yourself and the purpose of your presentation. Speak slowly and clearly to address each issue in the case study.

Question 1 (Suggested time approx: 1 minute)
Discuss each step you have taken to prepare the acquisition analysis. Include all relevant account names, amounts and explanation of calculations.
Question 2 (Suggested time approx: 1 minute)
Discuss the accounting adjustments required to account for the fair value adjustment of inventories at acquisition date.
Question 3 (Suggested time approx: 1 minute)
At acquisition date, Billy Ltd recorded a Dividend payable for $8,000. Discuss how you have treated this item in the acquisition analysis and the worksheet. Provide an explanation as to your actions.
Question 4 (Suggested time: 2 minutes)
Discuss the accounting processes, calculations and consolidation entries you have made for the Machine and all the related accounts.
Question 5 (Suggested time approx: 1 minute)
Explain the purpose of the ‘Transfer from BCVR' account and all consolidation entries which you have posted to this account.
Question 6 (Suggested time approx: 2 minute)
Joel Ltd provided Billy Ltd with a loan for $326,000 on 31 December 2019. Explain the accounting processes, calculations and consolidation entries you have provided to account for the loan and interest.

Attachment:- Assessment Case Study Brief.rar

Reference no: EM133018476

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