Reference no: EM131175451

Assignment task

Questions 1­1 to 1­5 are designed to assess your ability to use and evaluate digital resources for accounting and can be answered from any source including the computer sections of magazines and newspapers or by access to the Internet. If using the Internet include the URL reference. For the purposes of this subject we do not require the URL date of access.

Q1­1 Plagiarism

A. Find this URL. https://www.csu.edu.au/faculty/business/studentresources/plagiarism. Find any other resource on plagiarism and contrast the definitions. Discuss. (About 100 words).

B. Why is plagiarism/collusion unfair to honest students? (About 50 words).

Q1­2 Pasting spreadsheets in doc files

Describe two different methods of pasting spreadsheets in a word doc file. Provide examples of each. Show row and column headings, the normal view and the formula view.

Q1­3 Accounting resources on the Internet

List five web sites relevant to accounting together with their URLs. Explain how each is relevant to accounting.

Q1­4 Second Life

Go to https://www.secondlife.com. How is Second Life used by the accounting profession? (about 150 words)

Q1­5 Work Integrated Assessment (about 300 words). Describe the computing environment in your current or previous workplace or home office ­ equipment, software, processes etc. If you have not worked thus far, then answer the same question regarding your anticipated future employment.

Q1­6 ABC Learning and ethics ­ ABC Learning Case Study

Watch the six CPA ABC Learning movies.

https://www.cpaaustralia.com.au/professional­resources/education/abc­learning­collapse­case­study

or

https://www.youtube.com/watch?v=YYF6JW9vJKo&list=PL12C0ADD577F6B741

Write a business report on

1. Accounting aspects of each of the movies making up this case study.

2. Summarize the different types of financial reports

3. Comment on the ethical issues.

Q1­7 Understanding the account

Q1­7 Understanding the accounting equation

Sources = Uses. Explain how this equation affects the relationships with increases and decreases in P A L E R. Refer to section 2.2 of the Topic 2 in Interact2 (or the corresponding Topic2 PDF in the Resources section).

Q1­8 Balance Sheet Equation

Spreadsheet required.

Note that Interact2 resources including the Spreadsheet Advice PDF and the worksheet video may assist in completing this assignment question.

In this case the Report section will look just like the data section but will contain only the results of formulas. The yellow highlighted cells will contain the answers. Reading the Spreadsheet Advice PDF in Interact Resources may be beneficial.

Q1­9 Assets, liabilities and owner's equity

Give 4 examples each of assets, liabilities and owner's equity (Proprietorship) accounts.

Q1­10 Chart of accounts

See your text ­ 8th edition page 56. Describe the chart of accounts? What are the advantages?

Q1­11 Debit and credit balances

From the following list of accounts identify those with normal debit or credit balances.

1. Capital

2. Notes receivable

3. Depreciation expense

4. Prepaid insurance

5. Salaries accrued

6. Mortgage

7. Rent paid advance.

8. Drawings

Q1­12 Trial balance

A. Create a manual solution using pen and paper. Scan or take an e­photo and paste in your assignment.

B. Create a spreadsheet solution. Paste normal and formula views.

C. Change 4 numbers such that the trial balance still balances. Paste this new normal view. There should be no need to paste a new formula view. Ensure that you choose the 4 changes yourself. Highlight the data changes with the yellow highlighter in Excel.

Q1­13 Journals and ledgers

Distinguish between a journal and a ledger. Create a simple example to illustrate your answer.

Q1­14 Accounting crossword

See page 92 and 93 of the text. Create your own simple crossword using accounting vocabulary and clues. Hint. You may find free crossword creation software online.

Q1­15 Types of adjusting entries

List three types of end of period adjusting entries and give sample journal entries.

Q1­16 Revenue received in advance

You pay $480 in advance for a magazine subscription for the next 12 months. How should you record this transaction?

How should the magazine company account for this transaction initially? Show the journal entry. Show the adjusting entries at the end of the period 7 months later.

Q1­17 Adjusted trial balance

Distinguish between the adjusted trial balance and the post­closing trial balance. Give page numbers from your text (8^th edition) which show examples.

Q1­18 Current and non­current assets

Distinguish between current and non­current assets. Give your own examples of each.

Q1­19 Sustainability

Discuss corporate sustainability. Give your opinion about its viability (about 200 words).

Q1­20 Worksheet and financial reports

Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.

Add a completed ten column worksheet beneath the following data. Below that worksheet, create three financial reports.

Change five numbers to create a second version of the spreadsheet. Ensure the Trial Balance still balances.

We are using the Australian adaptation of the Horngren Accounting text 8th edition.

Nobles T.L., Mattison B.L., Matsumura E.M., Best, P. Fraser, D. Tan, R. & Willett, R. (2016). Horngren's Accounting. 8 ed., Frenchs Forest, NSW: Pearson Australia Group

ISBN 9781486018000 Pearson Australia

And details are online at:

https://www.pearson.com.au/products/M-N-Nobles-Mattison-Matsumura-Best-Frase/Horngren-s-Accounting/9781486018000?R=9781486018000

You must acquire the bundled package version of the text that comes with MyAccountingLab

Earlier editions are not suitable and neither is the US edition.

Attachment:- Assignment.rar