MAA103 – Accounting for Decision Making - Adjusting Entries and Financial Statements - Accounting and Finance Assignment Help

Assignment Task:

Task:

Learning Outcome Details
Graduate Learning Outcome (GLO)

ULO 1: Explain how business transactions are analysed using the ‘accounting equation’ and how the resulting figures can assist in preparing accounting reports.

ULO 3: Use visual and other technology such as spreadsheets to communicate researched information.

Unit Learning Outcome (ULO)

GLO1: Discipline-specific knowledge and capabilities.

GLO3: Digital literacy

Description / Requirements:
In this part of the assignment, you have been given an “Unadjusted Trial Balance” along with information regarding some outstanding balance day adjustments for a particular business. The objective is for you to record these adjusting entries in the general journal and then post the entries into the various ledger accounts. Once completed you will then need to use the “Adjusted Trial Balance” that is automatically generated for you (note these are based on the closing balances in your ledger accounts) to complete the Income Statement and the Statement of Financial Position (i.e. Balance Sheet).

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