Reference no: EM13839900

a. Prepare slides and notes for an equivalent of a 10-minute presentation which could be used by your manager to discuss the following issue with a new group of accounting graduates that are about to start work at your company.

"A client has just come to you indicating they are going to purchase a business for $600,000. What other information do you need from the client in order to make the appropriate accounting entries for this new business and how do the accounting standards and conceptual framework help with these entries"

The person who will be delivering this needs to be able to explain the concepts in a simple way but one that is backed up by reference to relevant accounting concepts and standards

In developing your presentation make sure you provide enough information so your manager can talk about the role of accounting standards and the conceptual framework, who they apply to and give examples of the accounting entries that may be required.

b. Prepare a one-page summary of the presentation which would be handed out to your intended 'audience'. This should not simply comprise copies of slides, but should provide a summary of the key issues and points covered in your presentation as they apply to the particular issues considered.

2. Submit the opening and reversing entries that would be required for the month of June using General Journal Template and Chart of Accounts data provided on the course website.This is the same chart of accounts data that is available in your practice set booklet.
Format/expectations

For part a of question 1 you are required to submit a paper that represents your preparation for the presentation outlined above. You are not required to actually make the presentation.

This paper should be in following format:

• Up to a maximum of 10 Power Point Presentation slides (aids) or equivalent (e.g. copies of overheads slides) as would be shown in an actual presentation, and

• Commentary/speakers notes (relating to the accompanying presentation slides/aids etc.) of up to 1000 words, approximately 100 words per slide. It is not expected that these notes be the complete text of your presentation. You may use dot points or abbreviations, as you would in practice when making such notes. If you attempt to write 'all words' as you would speak them, you are likely to exceed the word limit imposed. Remember this presentation is being prepared so someone else can give it so make sure your notes are detailed enough for them to be able to understand your points.

• Speaker's notes should not contain large sections or quotes from standards or other sources (and if these are included these must be referenced appropriately with quotation marks as required). It is preferable for notes to focus on key issues identified and explain these in simple terms or illustrate using simple examples to help the audience understand the issues/requirements and how these would be applied/impact.

• Commentary/speakers notes must be presented using the -Notes Page- view available in PowerPoint or as a word document with clear headings linking the relevant notes to a particular slide. Penalties of 10% will apply for each slide and/or 100 words over these limits.

• Question 1, Part b. requires a one-page summary for distribution to your intended audience. This can be in any format you wish but cannot exceed one page otherwise a 10% penalty will be applied. A copy should be included at the end of your presentation notes/slides.

• Assignments must include a reference list (this is excluded from your word/slide limit) that includes only those items referenced in text in the slides or speakers notes. Assignments without a reference list will be penalised heavily.

• The fact that this is a presentation does not negate the requirement for in-text referencing both on slides or in notes (for example, if you use or adapt an example from a text/standard, or quote, this must be acknowledged). The Harvard (author-date) referencing system is required for this assignment.

• Question 2 should be presented using the General Journal Template provided and abiding by the conventions required for the presentation of accounting journals.