Case Study/Business Report - Accounting Assignment

Internal Code : MAS294

Accounting Assignment

Questions : Q1-1 Plagiarism Search the Internet and find two definitions of plagiarism. Discuss. Why is plagiarism/collusion unfair to honest students? Q1-2 Pasting spreadsheets in doc files Paste simple examples of two different methods of pasting spreadsheets in a word doc file. Show row and column headings, the normal view and the formula view. Q1-3 Accounting resources on the Internet List four web sites relevant to accounting together with their URLs. Explain how each is relevant to accounting. Q1-4 Second Life Find this URL. http://www.journalofaccountancy.com/Issues/2008/Jun/AccountingforSecondLife.html How is Second Life used by the accounting profession? (about 150 words) Q1-5 Work Integrated Assessment (about 300 words). Describe the computing environment in your current or previous workplace or home office - equipment, software, processes etc. If this is a task you cannot undertake, explain why you cannot - and as an alternative task, describe the history and evolution of the Internet. Q1-6 ABC Learning and ethics - ABC Learning Case Study Watch the six CPA ABC Learning movies. http://www.cpaaustralia.com.au/professional-resources/education/abc- learning-collapse- case-study or https://www.youtube.com/watch?v=YYF6JW9vJKo&list=PL12C0ADD577F6B741 Write a business report on accounting aspects of each of the movies making up this case study. Include a summary of different types of financial reports and ethical issues (about 400 words) Q1-7 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 topics in Interact2 (or the corresponding Topic PDF’s in the Resources section). Q1-8 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 formulas. In some cases the cells in the report will be, for example  =D8. The yellow highlighted cells will contain the answers. Q1-9 Assets, liabilities and owner’s equity Give 3 examples each of assets, liabilities and owner’s equity (Proprietorship) accounts. Q1-10 Chart of accounts See your text - 6th edition page 56. What is a chart of accounts? Explain a typical account numbering system. Q1-11 Debit and credit balances From the following list of accounts identify those with normal debit or credit balances. 1. Cash 2. Accounts receivable 3. Accumulated depreciation 4. Prepaid rent 5. Wages accrued 6. Accounts Payable 7. Commission received in advance. 8. Drawings Q1-12 Trial balance A. Create a manual solution using pen and paper. Scan or take an e-photo 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. Q1-13 Cash and accrual accounting What kinds of businesses might use cash accounting? Accrual accounting? Q1-14 Adjusting entries Why are adjusting entries needed at the end of the period? Give two examples. Q1-15 Types of adjusting entries List four types of adjusting entries and give sample journal entries.