Reference no: EM132099684
Assignment Information:
The assignment consists of two questions:
1 Students are to formulate possible solutions in practical scenarios using appropriate software like Excel, with a range of formulae and functions for basic income, expense and profitability analysis.
2 A brief research report to explore the impact that emerging technologies like Business Intelligence, Cloud Computing can have on accounting and business decisions.
You should suitably embed the research report into the Excel file on a separate sheet. You will be submitting only ONE Excel file for this assignment as an electronic assignment via the ACC 202 subject page on the student portal. Instructions are on the front page of the portal. Ensure that your work can be clearly identified with your student ID and FULL student name. Late penalties will apply for all late submissions.
QUESTION 1
The following employees work for Hi-Fi Contracts Ltd, a public company specialising in contract labour force for different projects in construction industry. The employees are paid an hourly rate, based on their Job Classification level. If an employee works more than 36 hours, they will be paid the overtime rate for the additional hours.
The following table summarises the classifications and level of pay per classification:
Table A
|
Classification Levels
|
|
Level
|
Hourly pay
|
|
1
2
3
4
5
6
|
$30.00
$40.00
$50.00
$60.00
$70.00
$80.00
|
The overtime hourly rate is $ 85 per hour for ALL employees, regardless of their classification level.
Hi-Fi Contracts Ltd has the following employees:
TABLE B:
|
Employee name
|
Classification Level
|
|
Paris Holton
|
5
|
|
Ricky Mortini
|
4
|
|
Jennifer Leepoz
|
2
|
|
SelinaGeemak
|
2
|
|
Willard Smith
|
1
|
|
Russell Creak
|
6
|
|
Rafael Nooderly
|
4
|
|
Novak Djoker
|
1
|
|
Lara Bangle
|
3
|
|
Kath Hudson
|
6
|
The hours worked for the week ended 30th June, 2017 are as follows:
TABLE C:
|
Employee name
|
Hours worked
|
|
Novak Djoker
|
37
|
|
Willard Smith
|
39
|
|
Lara Bangle
|
40
|
|
Kath Hudson
|
52
|
|
SelinaGeemak
|
30
|
|
Paris Holton
|
45
|
|
Russell Creak
|
34
|
|
Jennifer Leepoz
|
41
|
|
Ricky Mortini
|
52
|
|
Rafael Nooderly
|
44
|
REQUIRED:
One worksheet must be used to provide answers to this question.
- No marks will be awarded if the correct function or formula is not used or if data has been manually entered.
- Take care regarding professional presentation of your work at every step. All dollar amounts must be provided in currency format and 2 decimal places.
1 a) Copy Table A into your worksheet. Set up a ‘range' for the data. Name the range ‘classification level'
b) Copy Table B to the same worksheet.
- Add a third column titled ‘hourly pay'. Use the VLOOKUP function to pick up the correct hourly pay rate for each employee from the ‘classification level' range set up above.
- Create a ‘range' for the data in these 3 columns. Name the range ‘pay rate table'. This range will be used in a question below.
Using Table C data and keeping employee order unchanged, set up a payroll table to calculate e total payroll for each employee. Your main payroll table should have the following headings:
a) Use the IF function and absolute referencing to calculate the Regular Hours column. Use a formula to calculate the Overtime hours.
b) Use the VLOOKUP function with reference to the range created earlier to determine the hourly Pay for each employee.
c) Use suitable formulae to calculate the Base and Overtime amount and Total pay for each employee.
d) Sort the table in order of employee names. All columns must be totalled as required.
e) Using another formula, identify the employee(s) that earned maximum overtime
f) Ensure that your work is professionally presented, with suitable formatting, borders and labels.
3 Discuss, justify and illustrate two more functions that can be included, in a case like this, to help with decision making regarding ( Choose any 2 points)
- Customers who are likely to default
- Employees who are putting in long hours
- Items that are providing outstanding returns
- A model to forecast demand for the next quarter.
The 4 options are for generic reference - not relating to a particular data set. You can use suitable example to illustrate selected functions
Q 2 Research 2 commonly used Business Intelligence Tools that help extract intelligence from the business data to support decision-making through modelling and analysis.
1 List and briefly illustrate at least 3 features of commonly used Business Intelligence Tools that can support decision-making.
Your report need be:-
- Professionally presented, in your own words. Your research should include at least 3 references, such as the professional body articles as well as text books and peer reviewed academic journals. Vendor websites are not appropriate sources of information for this task. Use appropriate referencing in your report.
- Word limit for Q 2 : 600 ( excluding references, diagrams)
Attachment:- Case Study.rar