Q1-1 Plagiarism

Define plagiarism. Why is plagiarism/collusion unfair to honest students?

Q1-2 Pasting spreadsheets in doc files

How can computer spreadsheets (e.g. Excel) be pasted into a word document showing rows and column headings? Formula views? Describe TWO different copy and paste methods and paste simple examples of each method in your assignment showing 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 with their URLs. Explain how is each relevant to accounting. Evaluate the usefulness to you in understanding accounting.

Q1-4 CPAA use of Second Life

What is Second Life? What is its connection with CPAA? Explain.

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

Play the CPA ABC Learning movies (from Interact2 Resources or the Internet). Identify and briefly explain three (3) financial reporting issues and three (3) accounting ethical issues raised by this case.

The above set of questions 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.

Q1-7 Understanding the accounting equation

Sources = Uses. Explain how this equation affects the relationships with increases and decreases in  

P A L E R. They are discussed in section 2.2 of the topics in Interact2 (and in the PDF’s in the Resources section).

Q1-8 Balance Sheet Equation

Spreadsheet required.

Note that Interact2 resources including Spreadsheet Advice and the worksheet video may assist in completing this assignment question.

  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

What is a chart of accounts? Evaluate its purpose?

Q1-11 Debit and credit balances

List six accounts with normal debit balances. List six accounts with normal credit balances. 

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 Spreadsheet Advice and the worksheet video may assist in completing this assignment.

Q1-13 Cash and accrual accounting

Distinguish between cash and accrual accounting? Give examples,

Q1-14 Adjusting entries

Why are adjusting entries needed at the end of the period?

Q1-15 Types of adjusting entries

List four types of adjusting entries and give examples of each.

Q1-16 Revenue received in advance

You pay $120 for a magazine subscription for the next 12 months. How should the magazine company account for this transaction? Show the journal entry. Show the adjusting entry after 5 months.

Q1-17 Adjusted trial balance

Distinguish between the adjusted trial balance and the post-closing trial balance.

Q1-18 Current and non-current liabilities

Distinguish between current and non-current liabilities. Give your own examples of each.

Q1-19 Ratios

Explain the current ratio and the debt ratio. Create your own numerical examples.

Q1-20 Worksheet and financial reports 

Note that Interact2 resources including Spreadsheet Advice and the worksheet video may assist in completing this assignment.

Add a ten column worksheet beneath the following data. Your spreadsheet will also create the financial reports. Change three numbers to create a second version of the spreadsheet. Highlight the three data changes in yellow. Paste the two normal views and one formula view. Use the IF function wherever appropriate.

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