Task 1 covers study schedule weeks 1-4 inclusive. Assignment questions include problems, discussion questions, spreadsheets and questions related to use and evaluation of digital resources. The assignment questions are structured so as to simulate a pattern of weekly learning. Students are encouraged to attempt this subject by studying on a regular (weekly) basis. The nature of the understanding and skills required means it is unwise to leave study until the last minute. Note the special requirements for the spreadsheet sections of your assignment detailed in the Spreadsheet Advice PDF in Interact2. Presentation Please read this in conjunction with the assignment requirements below. Single spacing and small margins are welcome to save paper. For any business report style questions a report structure is expected. Provide references throughout your assignment including page references to texts, articles, CSU study materials and URL’s of websites. APA is the referencing style used by the Faculty of Business. You can find advice on the CSU website regarding the APA system. It is important to acknowledge ALL sources used. Reference throughout your assignment AND at the end of your assignment include a complete Bibliography (Reference List) of resources actually used including the Internet, textbook, Study Topics, Interact Resources, Discussion Forum, Software help files and videos supporting this subject. Assignment Requirements 1. On the first page of your assignment list all questions attempted and include an academic integrity statement that the work submitted is your own and that all sources used have been acknowledged. 2. Your TURNITIN submission will consist of two files - a Word file and an Excel file. 3. Paste the spreadsheet solution and a formula view of each spreadsheet in the word file showing row and column headings for both. Paste the normal view first then the formula view. Your word file will provide a complete answer to every question. Use portrait orientation wherever possible. All data will be in the data entry area. The report area will contain no data whatsoever- just formulas. Check the spreadsheet requirements carefully. You only need to submit a spreadsheet file for those problems specifying such. You can, if you wish submit spreadsheet solutions to other assignment questions but these do not need to comply with the spreadsheet requirements. 3. Name the two files with your family name only as the file name. Record your name, student ID number and page number as a footer on every page of your assignments. Where you are asked to make changes in a spreadsheet, please highlight the changes. 4. Assignment solutions must be presented in the same sequence as set out in this subject outline. 5. Provide references throughout the assignment and include a reference list (bibliography) at the end of all sources used including internet resources. If using internet resources include the URL. The date of access is not required in this subject. Post enquiries to the subject discussion forum to clarify any assignment format issues. 6. Your text, MyAccountingLab and Interact2 resources may provide spreadsheet relevant templates. Note that these templates may save you keying in data but they may not meet the specific assignment spreadsheet requirements. 7. For good spreadsheet design it is very important that you have completely separate data entry and solution/report areas. A good spreadsheet solution format is to key in the question in a structure which allows the solution to be completely formula driven. Thus NO data/numbers are entered into the solution/report area. 8. Create all the spreadsheets as separate spreadsheets in one workbook. Name the tags at the bottom of the computer screen with the question number. See the examples provided with the Spreadsheet Advice PDF in the Interact2 Resources. 9. Use the IF function to provide built-in checks etc. Balances equal? Net income or net loss? 10. How do you display potential negative numbers in brackets? Google the question! Hint. Format / Cells / Number and select Custom. Enter this: #,##0;(#,##0);0 11. Save each spreadsheet in your workbook with the cursor in cell A1 of the first spreadsheet. 12. Examples of spreadsheets are provided in the Spreadsheet Advice PDF in Interact2. You MUST read and follow these examples. If you choose to create spreadsheet solutions for other assignment problems, these solutions do not need to comply with the spreadsheet requirements. 13. Please check for viruses. Do not use macros in your files. 14. Keep a copy of all your work. Make separate copies of your work in progress in case your computer has an accident. Backup frequently. 15. It is imperative that you retain a copy of your assignments including your spreadsheets. Complete feedback will be provided to you with your grade and comments by the assessor. Students can discuss their work with each other prior to submission using the discussion forum. However, please do not post complete versions of answers to the discussion forum. Do not leave assignments until the last minute. Organisation of assignments The first page of your assignment should consist of the following parts: subject code and name; your name and student ID number; assignment task number; list of questions attempted and a list of questions not attempted; dates and details of any extension granted; usually include a copy of the approval email; an academic integrity statement that the work submitted is your own; an acknowledgement of all your sources, and a footer with your name, student ID and page number. In today’s business environment we need verbal skills, writing skills, numeracy skills AND digital literacy skills. All of these skills are assessed throughout this subject. The early questions in this assignment are designed to assess your digital literacy in a business/accounting environment. It is suggested that you attempt the assignment questions week by week. Solutions to questions should vary in length according to the nature of the question. Solutions to exercises and problem questions should be in a similar form to that demonstrated in the text. Submit your work electronically through Turnitin. The work you submit must be your own. In the recent past a few students have received heavy penalties for submitting assignments which were not entirely their own work. Some questions require a spreadsheet. Check the Assignment Requirements above AND the Spreadsheet Advice PDF. Also check the interactive videos. Present your solutions in exactly the same sequence as specified in the Subject Outline. Students should normally submit the assignment only once. Multiple copies received by the University can result in unnecessary delays. The text Quick Check (QC) multiple choice questions are NOT part of the assignment, do not need to be submitted and do not attract marks. Distance students will attempt them and discuss answers on the subject discussion forum. Please note that it’s a good idea to practice multiple choice questions. There are some in the final exam! Assignment task No. 1 Questions 1-1 to 1-5 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. Q1-1 Plagiarism A. Find this URL. http://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). Q1-2 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. Q1-3 Accounting resources on the Internet List five web sites relevant to accounting together with their URLs. Explain how each is relevant to accounting. Q1-4 Second Life Go to https://www.secondlife.com. 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 you have not worked thus far, then answer the same question regarding your anticipated future employment. 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 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. (about 400 words in total) 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 Topic 2 in Interact2 (or the corresponding Topic2 PDF 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 the results of formulas. The yellow highlighted cells will contain the answers. Reading the Spreadsheet Advice PDF in Interact Resources may be beneficial. Q1-9 Assets, liabilities and owner’s equity Give 4 examples each of assets, liabilities and owner’s equity (Proprietorship) accounts. Q1-10 Chart of accounts See your text - 8th edition page 56. Describe the chart of accounts? What are the advantages? Q1-11 Debit and credit balances From the following list of accounts identify those with normal debit or credit balances. Capital Notes receivable Depreciation expense Prepaid insurance Salaries accrued Mortgage Rent paid advance. 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. Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment. Q1-13 Journals and ledgers Distinguish between a journal and a ledger. Create a simple example to illustrate your answer. Q1-14 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. Q1-15 Types of adjusting entries List three types of end of period adjusting entries and give sample journal entries. Q1-16 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. Q1-17 Adjusted trial balance Distinguish between the adjusted trial balance and the post-closing trial balance. Give page numbers from your text (8th edition) which show examples. Q1-18 Current and non-current assets Distinguish between current and non-current assets. Give your own examples of each. Q1-19 Sustainability Discuss corporate sustainability. Give your opinion about its viability (about 200 words). Q1-20 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. Highlight your data changes in yellow. Paste the two normal views and one formula view all showing row and column headings. Use the IF function wherever appropriate. Rationale Learning Outcomes addressed in this assignment include the ability to apply conceptual and technical aspects of accounting and prepare relevant business financial statements; to appraise the use of information technology including spreadsheet software in accounting problem solving, and to evaluate the Internet as a professional resource and to demonstrate relevant business communication skills including report writing. This assignment task is designed to give you an opportunity to demonstrate knowledge and skills in aspects of accounting and information systems. Learning outcomes include technical skills as well as concept comprehension such as the accounting equation, cash and accrual accounting, current and non-current assets and liabilities, trial balance, worksheets, income statement, statement of owner’s equity, balance sheets and the application of spreadsheet software to the presentation and solution of accounting problems. The assignments in this subject are designed to assess your application of knowledge and skills. The final examination in this subject will include questions assessing similar knowledge application, understanding and skills as the assignment work. Marking criteria Marking Criteria Rubric Assignment 1 A rubric is a form of authentic assessment. A rubric lists a set of criteria, which defines and describes the important components of the work being planned or evaluated. A rubric can be defined as an established rule, tradition, or custom. The accounting system itself can be regarded as a type of rubric. http://us.iearn.org/professional_development/multimedia/assess/rubric.html This marking criteria rubric indicates how the assignments will be assessed in this subject Your assignment consists of different question styles including discussion questions, reports, exercises, problem questions and spreadsheet questions.