ACCT2000 - Financial Accounting - Accounting Principles - Accounting & Finance Assignment Help

Assignment Task

Learning Outcomes -

b) Apply accounting principles and standards when accounting for non-current assets, revenue and liabilities.
c) Prepare statements of cash flows.
d) Prepare accounting entries and processes for partnerships.

Context:
The assessment will require you to use critical thinking to identify and anlayse the business information presented in the company’s annual report and assess accuracy in preparing accounting entries for partnership business. Your goal for this assessment is to show that you can understand and interpret the accounting standards applied in annual reports of companies and communicate business related knowledge.

The assessment will assess the learning outcomes b, c and d as listed above in the table. To assess the learning outcomes the assessment has been divided in to two parts i.e., Part 1 and Part 2. Part 1 will assess the learning outcomes b and c, where selected company annual reports from Australian securities exchange listing will be allocated to you. This part will require you to discuss and interpret various accounting standards covering non-current assets, revenue recognition, liabilities, and cash flow statement. The discussion for this part is to be submitted in a business report format, please refer to the detailed instructions for business report listed in the next section.
Part 2 will assess learning outcome d.This part will have a separate question on partnerships where you will be required to prepare accounting entries and comment on partnership processes. Please note that the theory question for this part will be counted towards the word limit stated for this assessment.

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