ACC566 – Acc Systems and Processes

ACC566 – Acc Systems and Processes
Table of Contents
Subject Summary …………………………………………………………………………………………………….2
Subject Coordinator …………………………………………………………………………………………………2
Subject Coordinator……………………………………………………………………………………..2
Email …………………………………………………………………………………………………………..2
Phone………………………………………………………………………………………………………….2
Consultation procedures ………………………………………………………………………………2
Subject Overview……………………………………………………………………………………………………..3
Abstract……………………………………………………………………………………………………….3
Learning outcomes……………………………………………………………………………………….3
Subject content ……………………………………………………………………………………………3
Key subjects…………………………………………………………………………………………………3
Subject Schedule & Delivery ……………………………………………………………………………………..3
Prescribed text……………………………………………………………………………………………..4
Class/tutorial times and location …………………………………………………………………..4
Schedule……………………………………………………………………………………………………..4
Learning materials………………………………………………………………………………………..6
Learning, teaching and support strategies ……………………………………………………..6
Recommended student time commitment …………………………………………………….8
Assessment Items …………………………………………………………………………………………………….9
Essential requirements to pass this subject…………………………………………………….9
Items …………………………………………………………………………………………………………..9
Assignment 1……………………………………………………………………………………9
Assignment 2………………………………………………………………………………….18
Plagiarism Quiz ………………………………………………………………………………31
Final Exam ……………………………………………………………………………………..31
Assessment Information …………………………………………………………………………………………35
Academic integrity ……………………………………………………………………………………..35
Referencing………………………………………………………………………………………………..36
How to submit your assessment items …………………………………………………………36
Online submission process………………………………………………………………36
Postal submission process ………………………………………………………………36
Hand delivered submission process …………………………………………………36
Alternative submission process ……………………………………………………….36
Extensions………………………………………………………………………………………………….36
How to apply for special consideration…………………………………………………………37
Penalties for late submission……………………………………………………………………….37
Resubmission …………………………………………………………………………………………….37
Feedback processes ……………………………………………………………………………………38
Assessment return………………………………………………………………………………………38
Student Feedback & Learning Analytics ……………………………………………………………………38
Evaluation of subjects …………………………………………………………………………………38
Charles Sturt University Subject Outline
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Version 1 – Published 25 June 2019
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Changes and actions based on student feedback ………………………………………….38
Learning analytics ………………………………………………………………………………………38
Services & Support …………………………………………………………………………………………………39
Develop your study skills …………………………………………………………………………….39
Library Services ………………………………………………………………………………………….39
CSU Policies & Regulations………………………………………………………………………………………39
Subject Outline as a reference document……………………………………………………..39
Subject Summary
ACC566 – Acc Systems and Processes
Session 2 2019
Faculty of Business, Justice and Behavioural Sciences
School of Accounting and Finance
Internal Mode
Credit Points 8
Welcome to a new session of study at Charles Sturt University. Please refer to the University’s
Acknowledgement of Country (http://student.csu.edu.au/study/acknowledgement-ofcountry).
Subject Coordinator
Subject Coordinator Jenny TOH
Email JToh@studygroup.com
Phone 03 9935 7931
Consultation procedures
Any questions concerning the teaching of this subject can be made by contacting your Subject
Lecturer.
Lecturer: Rakibur Khan
Email: RakKhan@studygroup.com
Email is the best option. Please send a brief message regarding the issue and include the
subject name and subject code in your email – it really helps to know which class you belong
to, before I respond to your query. If your query is urgent then meet with your respective
Course Coordinator at Level 4, 30 Church Lane.
Class times and location
General Timetable as below will be available at the following website before the start of
201960 semester, which can be accessed on any Mobile Phone or IPAD:
https://csutimetable.au.studygroup.com/Melbourne/
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Subject Overview
Abstract
This subject introduces students to the accounting discipline in an integrated manner dealing
with financial accounting and developing and applying critical thinking, information
technology and communication skills. The subject provides the basis for an iterative and spiral
approach to accounting, exposing students to areas of accounting including accounting as an
information system, ethics, business communication and report writing, computer
applications, the accounting cycle, financial reports and the fundamentals of management
accounting.
Learning outcomes
Upon successful completion of this subject, students should:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements;
• be able to discuss the historical development of accounting;
• be able to appraise the use of information technology including spreadsheet software
in accounting problem solving, and evaluate the Internet as a professional resource;
• be able to demonstrate relevant business communication skills including report
writing;
• be able to contextualise and evaluate accounting information for decision making
purposes; and
• be able to explain the importance of ethics in accounting.
Subject content
See details in the schedule below.
Key subjects
Passing a key subject is one of the indicators of satisfactory academic progress through your
course. You must pass the key subjects in your course at no more than two attempts. The first
time you fail a key subject you will be at risk of exclusion; if you fail a second time you will be
excluded from the course.
The Academic Progress Policy (https://policy.csu.edu.au/view.current.php?id=00250) sets out
the requirements and procedures for satisfactory academic progress, for the exclusion of
students who fail to progress satisfactorily and for the termination of enrolment for students
who fail to complete in the maximum allowed time.
Subject Schedule & Delivery
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Version 1 – Published 25 June 2019
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Prescribed text
The textbooks required for each of your enrolled subjects can also be found via the Student
Portal Textbooks (http://student.csu.edu.au/study/study-essentials/textbooks) page.
Nobles, T.L., Mattison, B.L., Matsumura, E.M., Best, P., Fraser, D., Tan, R., Willett, R. (2015).
Horngren’s Accounting (8e). Pearson Australia.
ISBN 9781486018000
The textbook details are available online at: www.pearson.com.au/9781486018000
We recommend that you acquire the ‘bundle pack’ of the text that comes with
‘MyAccountingLab’ and ‘e-text’. ‘MyAccountingLab’ has a number of resources to assist
students, including practice tests, revision exercises and problems. To access these resources,
you will need the access code which comes with the text ‘bundle pack’.
When you log on to ‘MyAccountingLab’ you will also need the ‘course code’. The code will
be provided to students at the start of the session.
Class/tutorial times and location
Your class times can be found at Timetable @ CSU (http://timetable.csu.edu.au/). Find out
how to use Timetable @ CSU via the Student Portal Class Timetable
(http://student.csu.edu.au/study/study-essentials/timetable) page.
Schedule
WEEK
COMMENCING
TOPIC LEARNING ACTIVITIES* /
NOTES
15 July 2019 Topic 1: The history of accounting,
introduction to ethics, and the role of
accounting in business
22 July 2019 Topic 2: Recording business transactions
29 July 2019 Topic 3: The adjusting process
5 August 2019 Topic 4: Completing the accounting cycle
12 August 2019 Topic 5: Retail operations Assignment 1 due 16
August 2019
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19 August 2019 Topic 6: Retail inventory
26 August 2019 Mid-session break
2 September
2019 Mid-session break
9 September
2019
Topic 7: Internal controls and cash
16 September
2019
Topic 8: Non-current assets – property,
plant and equipment and intangible
assets
23 September
2019
Topic 9: Receivables Assignment 2 due 23
September 2019
30 September
2019
Topic 10: Introduction to management
accounting and the master budget
7 October 2019 Revision
14 October
2019
Revision
21 October – 1
November
2019
Exam Period
*The learning activities for each topic include:
1. Reviewing the:
– Topic student guide in Interact ‘Topics’,
– Topic PowerPoint slides.
2. Completing the:
– Textbook readings and other prescribed readings as directed in the ‘Topic’ study guide,
– Review questions and activities as detailed in the Interact ‘Topic’ study guide.
3. Attending and participating in weekly classes during the session.
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Learning materials
Details of learning materials that support your success in this subject can be found in the
Interact2 Subject Site.
Learning, teaching and support strategies
All of your subject material is available on the Interact site under the ‘Topics’ and ‘Resources’
links in the left hand side menu. I suggest that for each topic, you read the learning outcomes
and overview, read the sections of the text and other readings as directed, and use the
resources available in MyAccountingLab. You should then attempt the review questions and
activities selected for each topic.
In this subject, there are many opportunities for you to engage with me and your peers as we
work our way through the subject. Other than regular classes, the ‘Discussion Board’ on
Interact provides opportunity to engage and learn from your peers, discuss the content of the
subject, and ask me any questions that you have in relation to the subject. In addition, I will
post weekly announcements to guide you through the subject, and alert/remind you of key
dates and other important information.
The assignments in this subject are designed to assess the subject learning outcomes
including your acquired knowledge and skills. Tasks include exercises, problems, discussion
questions, questions related to computing skills and business report writing. The assignment
tasks are designed, in general, to follow the topics shown on the weekly schedule. Thus, they
are structured so as to simulate a pattern of weekly learning.
Interact 2 help:
General help in relation to Interact2 is available here: www.csu.edu.au/division/learning-andteaching/interact2_help/home (https://www.csu.edu.au/division/learning-and-teaching/
interact2_help/home)
You should check the Interact2 Site at least weekly for postings, announcements, lecture
information and other resources that will assist your studies or additional information and
resources vital to your success in the subject.
Studying at university does not mean studying alone. During class you will have an
opportunity to interact with the lecturer as well as your peers.
Use the subject schedule to plan your studies over the session.
Information on effective time management is available on the CSU Learning Support website
via the following link: student.csu.edu.au.
Visit the Learning Support website for advice about assignment preparation, academic
reading and note taking, referencing, effective time management and preparing for exams at:
student.csu.edu.au. You can also contact an adviser through Student Central on the following
number: 1800 275 278 (or +61 2 6933 7507 from outside Australia).
Queries regarding the content of this subject should be directed to your Subject Coordinator.
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Library Services:
The CSU Library website provides access to online material and print, using Primo Search to
find online journal articles, eBooks, hardcopy books from CSU Library (see Library Manager for
Interlibrary Loan Requests), company & government reports, eJournals, dissertations, theses,
newspapers including Business & Financial newspapers in Factiva (See Business & IT Journal
Databases), and other reference resources (eg. Australian Bureau of Statistics, Australian
standards, online encyclopaedias & dictionaries to be read on the computer). You will also find
library guides, Subject Reserve for any readings eg. ITC100, ACC100, etc., and online assistance
to help you use the Library’s resources such as Ask a Librarian – Live Chat and Ask a Librarian –
Web Form.
You can find Library Services on both the SGA library online catalogue:
http://primo.unilinc.edu.au/primo_library/libweb/action/search.do?vid=SGA
The SGA library online catalogue allows students to Sign In, My Account shows student’s
current library record including all books on loan, Renew your borrowed books online before
the due date, also Search and Request all books in the SGA library, even if unavailable due to
high demand from students. Students can Request books when all books are on loan to other
students. When the requested book is returned to the SGA library, the student who requested
the book receives an email immediately to pick up the book from the SGA library. View your
library record online 24/7 at the above web link for SGA library.
And also CSU Library online:
http://student.csu.edu.au/library – CSU Library Services including Primo Search & Subject
Reserve online with 24/7 access, online and video tutorials in research skills, finding journal
articles for assignments, topic analysis, download Endnote referencing program and many
other online library services to help you successfully complete your assignments for all CSU
courses. (http://trove.nla.gov.au/)
http://trove.nla.gov.au/ – Powerful search engine from National Library of Australia to access
many different online resources on any subject from one search.
Contact Details for renewing loans, locating books and other information:
SGA Melbourne Library:
Marian Lees – Director, Library Services
Ph: (03) 9935 7921
Email: MLees@studygroup.com (mailto:MLees@studygroup.com)
Library Help:
http://student.csu.edu.au/library/help-contacts Friendly and quick assistance is available. Ask
for help finding information and navigating the library’s extensive eResources.
Online Tutorials
http://student.csu.edu.au/library/study-research/training-tutorials-videos
Learn how to:
• use Primo Search to find eReserve material and journal articles
• search journal databases and web resources for information for your assessments
• identify appropriate sources of information and peer reviewed material, and evaluate
resources.
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Bookmark your Subject Library Resource Guide
Subject Library Guides are a great way to get started with research. Each online guide is
tailored to a specific area of study, including Accounting, Business & Information Technology
outlining how to research in your area and where to look for information.
http://libguides.csu.edu.au/
Academic Learning Support Assistance:
Visit the learning support website for advice about assignment preparation, academic reading
and note-taking, referencing, and preparing for exams at: http://student.csu.edu.au/study
(http://student.csu.edu.au/study%E2%80%8B)
You may also contact:
Name: Craig Bellamy
Email: CBellamy@studygroup.com (mailto:CBellamy@studygroup.com)
Phone: (03) 9935 7978
Name: Monique Moloney
Email: MMoloney@studygroup.com (mailto:MMoloney@studygroup.com)
Phone: (03) 9935 7919
Name: Gail Ekici
Email: GEkici@studygroup.com (mailto:GEkici@studygroup.com)
Phone: (03) 9935 7965
Name: Seham Shwayli
Email: SShwayli@studygroup.com (mailto:SShwayli@studygroup.com)
Phone: (03) 9935 7943
Name: Bann Khorany
Email: BaKhorany@studygroup.com (mailto:GEkici@studygroup.com)
Phone: (03) 9935 7925
For appointments, please send an email CSUstudysupportmc@studygroup.com
(mailto:CSUstudysupportmc@studygroup.com)
Queries regarding the content of this subject should be directed to your subject lecturer.
Recommended student time commitment
Each week you should spend around 10 – 12 hours studying this subject. Obviously some
weeks may require more time than others depending on how you work – but the following is a
guide for your information.
Textbook and other supporting readings: 3 hours
Preparation of answers to topic review questions: 3 hours
Attending lectures and tutorials: 3 hours
Preparation of assessment items: 3 hours
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Assessment Items
Essential requirements to pass this subject
You must obtain at least 50% in both the examination and the total mark in order to pass this
subject.
You must pass the exam to pass the subject.
To be eligible for the grade AA or AE, you must have submitted all assessment items in the
subject, including the final exam. If you choose not to complete an assessment item or do not
sit the final exam, then you will not be granted an AA or an AE grade.
Items
Item No. Title Value Due Date* Return Date**
1 Assignment 1 20% 16-Aug-2019 06-Sep-2019
2 Assignment 2 20% 23-Sep-2019 17-Oct-2019
3 Plagiarism Quiz SY/US 25-Aug-2019 Not returned
4 Final Exam 60% To be advised –
* Due date is the last date for assessment items to be received at the University
** Applies only to assessment items submitted by the due date
Assessment item 1
Assignment 1
Value: 20%
Due Date: 16-Aug-2019
Return Date: 06-Sep-2019
Submission method options: Alternative submission method
Task
Assessment conditions: This is an individual assessment task (not a group assessment task).
Complete the 3 questions given below. A total of 40 marks are allocated to the questions
below, which will then be converted to a mark out of 20%.
All workings, where appropriate, must be shown to substantiate your answers.
Question 1 [20 marks]
Preparation of accounting records – using spreadsheets
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The trial balance for Pete’s Handyman Services (a small business operated by Pete Smith, as a
sole trader) as at 30 June 2019 is as follows (after closing entries prepared on 30 June 2019):
Pete’s Handyman Services
Trial Balance
as at 30th June 2019
Debit Credit
$ $
Bank 3,600
Accounts receivable 800
Prepaid expenses 300
Supplies 400
Equipment 1,800
Less: Accumulated depreciation 800
Motor vehicle 12,000
Less: Accumulated depreciation 3,600
Accounts payable 300
Unearned revenue 600
Pete Smith, capital 13,600
Pete Smith, drawings
Service revenue
Advertising
Depreciation
Insurance
Interest expense
Motor vehicle expenses
Repairs
Supplies expense
Telephone
Total 18,900 18,900
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During July 2019, the following transactions took place:
Date Detail
1-Jul Purchased a tool trailer for $4,200. Pete took out a business loan to pay for the
trailer (repayable within 12 months). Interest is charged at 8% p.a. to the loan
account, and monthly repayments are $400, due on the last day of each month.
2-Jul Paid $300 owing to a supplier in relation to June 2019 expenses, from the bank
account.
4-Jul Provided handyman services to Mrs Jones on credit, for $700.
7-Jul Received $500 in the bank from a customer in relation to services provided in
June 2019.
8-Jul Provided handyman services to Mrs Smart for $600. Mrs Smart had paid for
these services in June 2019.
9-Jul Purchased supplies from Bunnings for $350 (paid from the bank account).
10-Jul Provided handyman services to Mr Budd on credit, for $1,300.
12-Jul Withdrew $2,500 from the bank account for personal expenses.
14-Jul Provided handyman services to Mrs Hunt for $1,250. Mrs Hunt paid by electronic
funds transfer.
15-Jul Purchased fuel for the business vehicle, for $80 (paid from the bank account).
16-Jul Received $1,300 in the bank from Mr Budd in relation to services provided on 10
July.
22-Jul Provided handyman services to Mr Diaz on credit, for $500.
23-Jul Received $2,600 from a customer, Mr Hatter, for services to be provided in
August.
23-Jul Entered into a contract with Hit Radio, for radio advertising for August – October,
for $1,200. $1,200 was paid from the bank account.
23-Jul Received $700 in the bank from Mrs Jones in relation to services provided on 4
July.
26-Jul Withdrew $2,500 from the bank account for personal expenses.
26-Jul Provided handyman services to Mr Catt for $280. Mr Catt paid by electronic funds
transfer.
30-Jul Paid $320 for business insurance, for the month of August.
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31-Jul Interest is charged on the business loan, and the $400 loan repayment for July is
paid from the bank account.
31-Jul Received an invoice from Mower Repairs Ltd, for repairs to equipment, for $320.
The due date for payment 14 August.
31-Jul Received an invoice from Telstra, for July telephone, for $150. The due date for
payment 20 August.
Additional information as at 31 July 2019:
• Depreciation to be recognised for July is $80 for the equipment, and $100 for the
vehicle.
• There were supplies on hand on 31 July of $260.
• In June 2019, $300 was paid for insurance relating to the month of July 2019.
• Ignore any GST.
Required:
i) Prepare journal entries for July 2019 transactions listed above (including any adjusting
entries). Include dates, references and narrations.
ii) Prepare T-accounts in an Excel spreadsheet, and enter the opening balances from the Trial
Balance from 30 Jun 2019. Post all of the above journal entries to the T-accounts. Include
dates and references for each entry. Total all of the T-accounts to determine their balances at
the end of the July 2019. You are not required to prepare closing entries.
iii) Prepare the ‘Adjusted Trial Balance’ in an Excel spreadsheet as at 31st
July 2019. Use
formulas to generate all of the figures in the ‘Adjusted Trial Balance’ from the balances in the TAccounts.
iv) Prepare the income statement, balance sheet, and statement of changes in equity in Excel.
Use formulas to generate all of the figures in the financial statement reports from the ‘Adjusted
Trial Balance’. When preparing the balance sheet, classify assets and liabilities as current or
non-current.
v) Calculate and evaluate the business’s current ratio and debt ratio.
Please also refer to the ‘Requirements’ section below for additional submission and
spreadsheet requirements.
Question 2 [10 marks]
History of accounting – essay
Accounting is considered to be one of the world’s oldest professions.
Prepare an essay discussing the origins of accounting, and how accounting practices have
changed over time. (Word count: Approximately 1,400 – 1,800 words in total).
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Question 3 [10 marks]
Ethics in accounting
Chartered Accountants Australia and New Zealand (CAANZ) and Certified Practising
Accountants Australia (CPAA) have a joint code of ethics for professional accountants, issued
through the Accounting Professional and Ethical Standards Board (APESB).
Required:
i) List and explain each of the ethical principles in the code of ethics. In your discussion,
provide an illustrative example of how each of these principles would be applied by
accountants in a particular scenario.
ii) When faced with an ethical dilemma, what should accountants do? (You will need to
undertake some research to answer this). Provide an example of an ethical dilemma that an
accountant might be faced with, and explain what steps should be taken to resolve it.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements.
• be able to discuss the historical development of accounting.
• be able to appraise the use of information technology including spreadsheet software
in accounting problem solving, and evaluate the Internet as a professional resource.
• be able to demonstrate relevant business communication skills including report
writing.
• be able to contextualise and evaluate accounting information for decision making
purposes.
• be able to explain the importance of ethics in accounting.
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.
This assignment is designed to give you an opportunity to demonstrate knowledge and skills
in aspects of accounting and information systems including technical issues as well as
concepts such as the accounting equations, cash and accrual accounting, current and noncurrent assets and liabilities, trial balance, worksheets, income statement, statement of
changes in equity, balance sheets and the application of spreadsheet software to the
presentation and solution of accounting problems.
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Marking criteria and standards
The marking guide for this assessment task is provided below.
Criteria High Distinction Distinction Credit Pass
Question 1:
Apply computer
software and
basic
accounting
ideas, concepts
and techniques
to prepare
accounting
information that
is useful for
decision
making.
Analyse the
nature, and
measurement of
assets,
liabilities,
equity, income
and expenses.
Evaluate
accounting
information for
decision making
purposes.
Applies the
definitions for
assets,
liabilities,
income,
expense and
equity items,
and other basic
accounting
concepts and
techniques to a
range of
practical
situations
without flaw.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, without
flaw.
All required
Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
Applies the
definitions for
assets,
liabilities,
income,
expense and
equity items,
and other basic
accounting
concepts and
techniques to a
range of
practical
situations with
minor flaw.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with
minor flaw.
Almost all of the
required Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
Applies the
definitions for
assets,
liabilities,
income,
expense and
equity items,
and other basic
accounting
concepts and
techniques to a
range of
practical
situations with a
limited number
of minor errors.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with a
limited number
of minor flaws.
Most of the
required Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
Applies the
definitions for
assets,
liabilities,
income,
expense and
equity items,
and other basic
accounting
concepts and
techniques to a
range of
practical
situations with a
limited number
of errors.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with a
limited number
of errors.
Most of the
required Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
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Criteria High Distinction Distinction Credit Pass
Question 2:
Discuss the
historical
development of
accounting, and
demonstrate
relevant
business
communication
skills.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
Answers are
presented in an
appropriate
format and are
structured
exceptionally
well.
The writing style
is succinct,
cohesive, easy
to read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary. APA
referencing
system has been
followed,
without flaw.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
Answers are
presented in an
appropriate
format and are
structured very
well.
The writing style
is clear and
succinct, easy to
read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary in
almost all
instances. APA
referencing
system has been
followed, with
minor flaw.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
Answers are
presented in an
appropriate
format and are
structured well.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
number of
minor flaws.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
Answers are
presented in an
appropriate
format and are
structured
satisfactorily.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
limited number
of flaws.
Question 3:
Evaluate
accounting
information and
explain the
importance of
ethics in
accounting.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
Answers are
Charles Sturt University Subject Outline
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Version 1 – Published 25 June 2019
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Criteria High Distinction Distinction Credit Pass
of the topic.
Answers are
presented in an
appropriate
format and are
structured
exceptionally
well.
The writing style
is succinct,
cohesive, easy
to read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary. APA
referencing
system has been
followed,
without flaw.
Answers are
presented in an
appropriate
format and are
structured very
well.
The writing style
is clear and
succinct, easy to
read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary in
almost all
instances. APA
referencing
system has been
followed, with
minor flaw.
Answers are
presented in an
appropriate
format and are
structured well.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
number of
minor flaws.
presented in an
appropriate
format and are
structured
satisfactorily.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
limited number
of flaws.
Presentation
It is essential that presentation of assignments adheres to accepted standards in relation to
neatness and layout, as you are practicing to present material in a work situation.
For spreadsheet questions, ensure that you adhere to the spreadsheet requirements (refer to
the ‘Requirements’ section below).
You need to provide references and prepare a reference list using the APA referencing style
with your assignment. Note: If a question requires you to prepare a business report, include a
reference list as part of the business report. You need to provide a reference whenever you
draw on someone else’s words, ideas or research. You should also provide references for any
graphic information you use. Films, television programs, personal communications and online
sources also need to be referenced.
Requirements
Your Turnitin submission will consist of two files: a Word file and an Excel file. Paste a copy of
the ‘normal’ view and ‘formula’ view of each spreadsheet in your Word file, displaying row
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Version 1 – Published 25 June 2019
Page 16 of 39
and column headings. Thus, your Word file will provide a complete answer to every question.
The separate Excel file will provide a clear demonstration of correct spreadsheet structures.
The pasted formula view may need to have adjusted column widths to display formulas
correctly. Use portrait orientation wherever possible.
Spreadsheet requirements:
1. For good spreadsheet design, it is very important that you have completely separate
data 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.
There should be no data in the report/solution area.
2. Name the worksheet tag(s) at the bottom of the Excel screen with the question
number. Use a separate worksheet for each question that needs to be completed in
Excel. See examples in the ‘Spreadsheet Advice’ PDF in the ‘Resources’ folder on
Interact.
3. Where appropriate, use the ‘IF function’ to provide built in checks of balances, net
profit/net loss etc.
4. We have provided spreadsheet examples to guide you in the ‘Spreadsheet Advice’ PDF
document in Interact. Also consider using the spreadsheet templates available with
your text and other online spreadsheet advice, but note that the text templates do not
comply with all of the assignment spreadsheet requirements above.
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Version 1 – Published 25 June 2019
Page 17 of 39
Assessment item 2
Assignment 2
Value: 20%
Due Date: 23-Sep-2019
Return Date: 17-Oct-2019
Submission method options: Alternative submission method
Task
Assessment conditions: This is an individual assessment task (not a group assessment task).
Complete the 4 questions given below. A total of 50 marks are allocated to the questions
below, which will then be converted to a mark out of 20%.
All workings, where appropriate, must be shown to substantiate your answers.
Question 1 [15 marks]
Retail operations and retail inventory
‘Little Red Riding’ began business on 1 June 2019. The business is a partnership, between Mr
Wheeler and Mrs Wheeler. The business will sell children’s bicycles at the local markets. The
business is not registered for GST. The following transactions occurred during June 2019:
Date: Details:
1-Jun Mr and Mrs Wheeler deposited $30,000 into the business bank account.
2-Jun Purchase of bicycles (100 small bicycles, and 100 large bicycles) from Red Bikes
Rock Ltd on account for $10,000 ($50 per bicycle) on terms of 2/10, n/30.
4-Jun Little Red Riding received an invoice from Fast Freight Ltd relating to delivery
costs for the bicycles purchased on 2 June. The amount due is $300, and is due
on 18 June.
5-Jun Sent a cheque in the mail to Groove Markets Ltd for $300, for stall fees at the
local markets for the month of June.
6-Jun Sale of 30 bicycles (20 small bicycles, and 10 large bicycles) at the local markets,
at $100 each. All of the customers paid by cash. The money was banked at the
end of the day.
10-Jun Paid Red Bikes Rock Ltd for purchases made on 2 June (net of the early payment
discount), by electronic funds transfer.
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Version 1 – Published 25 June 2019
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13-Jun Sale of 10 small bicycles to a local childcare centre, at $100 each, on 30 day
credit terms.
15-Jun Sent a cheque in the mail to Fast Freight Ltd, in relation to the invoice received
on 4 June.
22-Jun Purchase of bicycles (30 small, and 10 large) from Red Bikes Rock Ltd on
account for $2,200 ($55 per bicycle) on terms of 2/10, n/30.
23-Jun Little Red Riding received an invoice from Fast Freight Ltd relating to delivery
costs for the bicycles purchased on 22 June 2019. The amount due is $180, and
is due on 6 July 2019.
24-Jun Returned 20 of the small bicycles purchased on 22 June as they were damaged.
28-Jun Sale of 40 bicycles (25 small, and 15 large) at the local markets, at $100 each. All
of the customers paid by cash. The money was banked at the end of the day.
30-Jun A stocktake was completed, and the number of bicycles on hand was 139 (54
small bicycles, and 85 large bicycles).
Mr and Mrs Wheeler have come to you for assistance, as they would like to use the perpetual
inventory system and the First-in-first-out (FIFO) costing method, but are not sure how to set
this up.
Required:
i) Prepare an Excel worksheet for each of the bicycle lines for June (one for the small
bicycles, and one for the large bicycles) using the FIFO costing method to keep track of the
number of bicycles purchased, bicycles sold, bicycles on hand, cost of goods sold and gross
profit made.
ii) Prepare journal entries (including any adjusting entries) for all of the business’s
transactions for June (using the perpetual inventory system and FIFO costing method).
Include dates, references and narrations.
iii) Prepare T-accounts in an Excel spreadsheet, and post all of the above journal entries to
the T-accounts. Include dates and references for each entry. Total all of the T-accounts to
determine their balances at the end of the June 2019.
iv) Prepare the ‘Adjusted Trial Balance’ in an Excel spreadsheet as at 30th June 2019. Use
formulas to generate all of the figures in the ‘Adjusted Trial Balance’ from the balances in the TAccounts.
v) The business has a year-end of 30th June. Prepare the closing entries as at 30th June
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Version 1 – Published 25 June 2019
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2019.
Please also refer to the ‘Requirements’ section below for additional submission and
spreadsheet requirements.
Question 2 [10 marks]
Bank reconciliations and cash
This question continues on from question 1 above.
It is now September 2019, and two months have passed since you first met with Mr and Mrs
Wheeler to assist them with implementing their inventory system and preparing their
accounting records.
They have come to you for some assistance as the balance in the ‘bank’ T-Account at the end
of August 2019 doesn’t agree with the closing balance on the August bank statement… and
they are not sure what they have done wrong.
The August 2019 bank statement appeared as follows:
Bank statement for August 2019:
Date Description Deposit Withdrawal Balance
1/08/2019 Opening balance $12,060.00
2/08/2019 Deposit 500.00 $12,560.00
5/08/2019 Cheque 3 200.00 $12,360.00
7/08/2019 Cash deposit 3,600.00 $15,960.00
12/08/2019 EFT – Red Bikes Rock Ltd 2,200.00 $13,760.00
16/08/2019 EFT – Fast Freight Ltd 190.00 $13,570.00
16/08/2019 Cash deposit 4,200.00 $17,770.00
19/08/2019 Cheque 5 280.00 $17,490.00
20/08/2019 Cheque 6 250.00 $17,240.00
23/08/2019 EFT – Red Bikes Rock Ltd 4,300.00 $12,940.00
23/08/2019 Cash deposit 3,400.00 $16,340.00
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Version 1 – Published 25 June 2019
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25/08/2019 Cheque 7 2,000.00 $14,340.00
26/08/2019 Cheque 10 260.00 $14,080.00
30/08/2019 Cash deposit 5,000.00 $19,080.00
31/08/2019 Annual bank fee 60.00 $19,020.00
31/08/2019 Interest 20.00 $19,040.00
31/08/2019 Closing balance $19,040.00
Little Red Riding’s accounting records for August 2019 showed an opening balance for the
‘bank’ account of $12,060, which agreed with the bank statement at 31 July 2019. Following is
a summary of deposits and withdrawals recorded by Mr and Mrs Wheeler in their accounting
records during August:
Withdrawals: Deposits:
Amount
Date Detail Amount Date banked
2/08/2019 Cheque 3 $200.00
15/08/2019 EFT – Fast Freight Ltd $199.00 7/08/2019 $3,600.00
16/08/2019 Cheque 4 $160.00 16/08/2019 $4,200.00
18/08/2019 Cheque 5 $280.00 23/08/2019 $4,300.00
18/08/2019 Cheque 6 $250.00 30/08/2019 $500.00
23/08/2019 EFT – Red Bikes Rock Ltd $3,400.00
22/08/2019 Cheque 7 $2,000.00
23/08/2019 Cheque 8 $260.00
25/08/2019 Cheque 9 $390.00
25/08/2019 Cheque 10 $260.00 __________
$7,399.00 $12,600.00
The bank did not make any errors.
Required:
i) Prepare a letter to Mr & Mrs Wheeler, explaining why the bank balance in the ledger
account (or T-Account) won’t always equal the balance on the bank statement on a particular
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Version 1 – Published 25 June 2019
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date, and common reasons for differences. Also provide an introduction and overview of bank
reconciliations – What is a bank reconciliation? What is its purpose? How is it prepared?
ii) Prepare the bank reconciliation for Little Red Riding at 31 August 2019.
iii) Prepare the journal entries to correct any errors made by Little Red Riding, and to record
transactions that have not yet been entered into the business’s accounting records. (Note: The
correction of any errors relating to the recording of cheques or EFT payments should be made
to ‘Accounts payable’. The correction of any errors relating to deposits (other than interest
received) should be made to ‘Accounts receivable’.)
iv) Prepare the ‘bank’ T-Account account for August 2019, in order to determine the balance
in the ledger account after the above journal entries have been recorded and posted.
Question 3 [15 marks]
Internal controls
This question continues on from question 1 and question 2 above.
It is now July 2020, and Mr and Mrs Wheeler have been very successful in growing the business
of Little Red Riding. The business now operates at 3 markets in the region, and employs 4
employees (Mr and Mrs Wheeler sell bicycles at one local market each week, and 2 employees
are assigned to sell bicycles at the Bidgee Markets, and 2 employees are assigned to sell
bicycles at the Junee markets).
Mr and Mrs Wheeler have come to you for advice, as they appear to be having problems with
their inventory and/or cash receipts. They have been keeping track of inventory using the two
worksheets that you showed them (in Question 1(i) above). They really like how it keeps track
of inventory on hand, and they tell you how much they love not having to count inventory
each and every week after the markets to see what inventory is left.
When they completed the stocktake on 30 June 2020, the closing balance of inventory in each
worksheet didn’t match with the actual number of small and large bicycles on hand. The
worksheets showed that the closing inventory was 58 small bicycles, and 46 large bicycles.
The stocktake showed that the business actually had 42 small bicycles and 30 large bicycles.
You review their inventory worksheets, and there are no errors in their worksheets… so it
appears that cash takings and/or some bicycle have been stolen. You also review the three
cash receipt books (one used at each of the three markets), and the amount of cash takings
banked for the year was $300 less than the takings as per the cash receipt books.
Mr and Mrs Wheeler are unsure what has happened.
Required:
Undertake some research on internal controls and employee theft.
Prepare a business report on internal controls for Mr and Mrs Wheeler. In your business report:
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Version 1 – Published 25 June 2019
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• Explain what internal controls are, and the importance of implementing internal
controls to safeguard the business’s assets;
• Discuss the risk of employee theft, and how big of a problem employee theft is in
Australia;
• Explain three possible ways that employees could have stolen cash and/or bicycles
from the business without Mr and Mrs Wheeler realising;
• Discuss three controls/procedures that Mr and Mrs Wheeler should implement in their
business to help prevent employee theft.
(Word guide: 1,500 – 2,000 words)
Question 4 [10 marks]
Property, plant and equipment
This question continues on from question 1, 2 and question 3 above.
Little Red Riding purchased a 3 tonne Isuzu truck on 1st
July 2020, for $45,000, funded via a
bank loan. The truck will be used to store and transport bicycles to and from each of the weekly
markets. Mr and Mrs Wheeler have contacted you to find out how they need to account for
depreciation. They would like to use the cost model, but don’t have any understanding of the
straight-line method, units-of-production method and reducing balance method. The truck has
an estimated useful life of ten years (300,000 kilometres), and the estimated residual value is
$10,000.
Mr and Mrs Wheeler estimate that the truck will travel 20,000km/year in years 1 – 3, 30,000km/
year in years 4 – 7, and 40,000km/year in years 8 – 10.
Required:
Prepare a memo to Mr & Mrs Wheeler, explaining what depreciation is, and how depreciation is
calculated under each of the three methods. To illustrate the differences in the annual
depreciation expense to Mr & Mrs Wheeler, prepare a depreciation schedule (for the entire
useful life of the truck) using each of the three methods. When preparing the depreciation
schedule using the reducing balance method, use 2 times the straight-line rate. Ignore any
GST. Show all relevant workings.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements.
• be able to appraise the use of information technology including spreadsheet software
in accounting problem solving, and evaluate the Internet as a professional resource.
• be able to demonstrate relevant business communication skills including report
writing.
• be able to contextualise and evaluate accounting information for decision making
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Version 1 – Published 25 June 2019
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purposes.
Assessment task 2 is designed to give you further opportunity to demonstrate knowledge and
skills in more in-depth aspects of accounting and information systems including bank
reconciliations, inventory systems, financial reports, accounting for non-current assets, as well
as concepts and the application of spreadsheet software to the presentation and solution of
accounting problems.
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Version 1 – Published 25 June 2019
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Marking criteria and standards
The marking guide for this assessment task is provided below.
Criteria High Distinction Distinction Credit Pass
Question 1:
Apply computer
software and
basic
accounting
ideas, concepts
and techniques
to prepare
accounting
information that
is useful for
decision
making.
Discuss, analyse
and/or critique
accounting
techniques and
methods used in
practice, and
financial
information that
is prepared.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, without
flaw.
Appropriate
calculations
and workings
are shown, and
are logical and
well presented.
Where
necessary, all
required Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with
minor flaw.
Calculations
and workings
shown are
appropriate,
with minor flaw.
Where
necessary,
almost all of the
required Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with a
limited number
of minor flaws.
Calculations
and workings
shown are
appropriate,
with a limited
number of
minor errors.
Where
necessary, most
of the required
Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
Demonstrates
the ability to
use computer
software and
spreadsheets to
prepare useful
accounting
information for
a variety of
users, with a
limited number
of errors.
Calculations
and workings
are shown but
contain errors
or lack detail,
and/or contain
errors.
Where
necessary, most
of the required
Excel
spreadsheet
features and
functions have
been applied.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
Question 2:
Discuss and
apply
accounting
tools, concepts
and techniques
Demonstrates a
comprehensive
understanding
of accounting
Demonstrates a
thorough
understanding
of accounting
concepts and
Demonstrates a
good
understanding
of accounting
Demonstrates a
satisfactory
understanding
of accounting
Charles Sturt University Subject Outline
ACC566 201960 SM I
Version 1 – Published 25 June 2019
Page 25 of 39
Criteria High Distinction Distinction Credit Pass
to prepare
accounting
information that
is useful for
decision
making, and
assists
businesses
safeguard their
assets.
Demonstrate
relevant
business
communication
skills.
concepts and
techniques, and
the ability to
apply these to a
range of
practical
situations,
without flaw.
Appropriate
calculations
and workings
are shown, and
are logical and
well presented.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
The writing
style is succinct,
cohesive, easy
to read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary. APA
referencing
system has
been followed,
without flaw.
Answers are
techniques, and
the ability to
apply these to a
range of
practical
situations, with
minor flaw.
Calculations
and workings
shown are
appropriate,
with minor flaw.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
The writing style
is clear and
succinct, easy to
read and it is
grammatically
correct with
accurate use of
syntax, spelling
and
punctuation.
In-text citations
have been
included where
necessary in
almost all
instances. APA
referencing
system has been
followed, with
minor flaw.
Answers are
presented in an
appropriate
concepts and
techniques, and
the ability to
apply these to a
range of
practical
situations, with
a limited
number of
minor errors.
Calculations
and workings
shown are
appropriate,
with a limited
number of
minor errors.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
number of
minor flaws.
concepts and
techniques, and
the ability to
apply these to a
range of
practical
situations, with
a limited
number of
errors.
Calculations
and workings
are shown but
contain errors
or lack detail,
and/or contain
errors.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
The writing style
is appropriate
and easy to read
most of the
time, with
mostly accurate
use of syntax,
spelling and
punctuation.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
limited number
of flaws.
Charles Sturt University Subject Outline
ACC566 201960 SM I
Version 1 – Published 25 June 2019
Page 26 of 39
Criteria High Distinction Distinction Credit Pass
presented in an
appropriate
format and are
structured
exceptionally
well.
format and are
structured very
well.
Answers are
presented in an
appropriate
format and are
structured well.
Answers are
presented in an
appropriate
format and are
structured
satisfactorily.
Question 3:
Discuss and
apply
accounting
ideas, concepts
and techniques
to assist
businesses
safeguard their
assets.
Demonstrate
relevant
business
communication
skills including
report writing.
Demonstrates a
comprehensive
understanding
of internal
controls, and
the ability to
apply these to a
range of
practical
situations,
without flaw.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
In-text citations
have been
included where
necessary. APA
referencing
system has
been followed,
without flaw.
Answers are
presented in an
appropriate
format and are
structured
exceptionally
well.
Demonstrates a
thorough
understanding
of internal
controls, and
the ability to
apply these to a
range of
practical
situations, with
minor flaw.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
In-text citations
have been
included where
necessary in
almost all
instances. APA
referencing
system has been
followed, with
minor flaw.
Answers are
presented in an
appropriate
format and are
structured very
well.
Demonstrates a
good
understanding
of internal
controls, and
the ability to
apply these to a
range of
practical
situations, with
a limited
number of
minor errors.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
number of
minor flaws.
Answers are
presented in an
appropriate
format and are
structured well.
Demonstrates a
satisfactory
understanding
of internal
controls, and
the ability to
apply these to a
range of
practical
situations, with
a limited
number of
errors.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
limited number
of flaws.
Answers are
presented in an
appropriate
format and are
structured
satisfactorily.
Charles Sturt University Subject Outline
ACC566 201960 SM I
Version 1 – Published 25 June 2019
Page 27 of 39
Criteria High Distinction Distinction Credit Pass
Question 4:
Apply
conceptual and
technical
aspects of
accounting to
account for noncurrent assets
and prepare
relevant
business
financial
statements.
Demonstrate
relevant
business
communication
skills.
Demonstrates a
comprehensive
understanding
of accounting
concepts and
techniques
related to
accounting for
non-current
assets, and the
ability to apply
these to a range
of practical
situations,
without flaw.
Appropriate
calculations
and workings
are shown, and
are logical and
well presented.
Discussions and
explanations
presented are
exemplary and
clear, well
justified, and
show an indepth
understanding
of the topic.
In-text citations
have been
included where
necessary. APA
referencing
system has
been followed,
without flaw.
Answers are
presented in an
appropriate
format and are
Demonstrates a
thorough
understanding
of accounting
concepts and
techniques
related to
accounting for
non-current
assets, and the
ability to apply
these to a range
of practical
situations, with
minor flaw.
Calculations
and workings
shown are
appropriate,
with minor flaw.
Discussions and
explanations
presented are
clear and
succinct, and
show a
thorough
understanding
of the topic.
In-text citations
have been
included where
necessary in
almost all
instances. APA
referencing
system has been
followed, with
minor flaw.
Answers are
presented in an
appropriate
Demonstrates a
good
understanding
of accounting
concepts and
techniques
related to
accounting for
non-current
assets, and the
ability to apply
these to a range
of practical
situations, with
a limited
number of
minor errors.
Calculations
and workings
shown are
appropriate,
with a limited
number of
minor errors.
Discussions and
explanations
presented are
clear and
adequate, and
show a good
understanding
of the topic.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
number of
minor flaws.
Answers are
Demonstrates a
satisfactory
understanding
of accounting
concepts and
techniques
related to
accounting for
non-current
assets, and the
ability to apply
these to a range
of practical
situations, with
a limited
number of
errors.
Calculations
and workings
are shown but
contain errors
or lack detail,
and/or contain
errors.
Discussions and
explanations
presented are
basic, and show
a satisfactory
understanding
of the topic.
In-text citations
have been
included where
necessary in
most instances.
APA referencing
system has been
followed, with a
limited number
of flaws.
Answers are
presented in an
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Criteria High Distinction Distinction Credit Pass
structured
exceptionally
well.
format and are
structured very
well.
presented in an
appropriate
format and are
structured well.
appropriate
format and are
structured
satisfactorily.
Presentation
It is essential that presentation of assignments adheres to accepted standards in relation to
neatness and layout, as you are practicing to present material in a work situation.
For spreadsheet questions, ensure that you adhere to the spreadsheet requirements (refer to
the ‘Requirements’ section below).
For questions that require you to prepare a business report, your report should include a title
page, executive summary, table of contents, introduction, body, conclusion,
recommendations, and reference list.
You need to provide references and prepare a reference list using the APA referencing style
with your assignment. Note: when preparing a business report, include a reference list as part
of the business report. You need to provide a reference whenever you draw on someone else’s
words, ideas or research. You should also provide references for any graphic information you
use. Films, television programs, personal communications and online sources also need to be
referenced.
Requirements
Your Turnitin submission will consist of two files: a Word file and an Excel file. Paste the
‘normal’ view and ‘formula’ view of each spreadsheet into your Word file, displaying row
and column headings. Thus, your Word file will provide a complete answer to every question.
The separate Excel file will provide a clear demonstration of correct spreadsheet structures.
The pasted formula view may need to have adjusted column widths to display formulas
correctly. Use portrait orientation wherever possible.
Spreadsheet requirements:
1. For good spreadsheet design, it is very important that you have completely separate
data 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.
There should be no data in the report/solution area.
2. Name the worksheet tag(s) at the bottom of the Excel screen with the question
number. Use a separate worksheet for each question that needs to be completed in
Excel. See examples in the ‘Spreadsheet Advice’ PDF in the ‘Resources’ folder on
Interact.
3. Where appropriate, use the ‘IF function’ to provide built in checks of balances, net
profit/net loss etc.
4. We have provided spreadsheet examples to guide you in the ‘Spreadsheet Advice’ PDF
document in Interact. Also consider using the spreadsheet templates available with
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your text and other online spreadsheet advice, but note that the text templates do not
comply with all of the assignment spreadsheet requirements above.
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Assessment item 3
Plagiarism Quiz
Value: Satisfactory/Unsatisfactory
Due Date: 25-Aug-2019
Return Date: Not returned
Submission method options: Interact2 Test
Task
Undertake and complete the online quiz covering questions related to plagiarism and
referencing.
Students may attempt the Plagiarism Quiz multiple times in order to achieve the passing score
of 18 from 20. The quiz will remain open until the end of week 6. We strongly encourage all
students to complete and pass this quiz prior to submitting other assessments.
Rationale
This assessment task does not directly assess a specific learning outcome but is a requirement
for passing the subject.
To ensure students are aware of plagiarism and referencing standards.
Marking criteria and standards
Students must obtain a mark of at least 18 from 20 in order to pass this quiz. Failure in this quiz
will automatically lead to a fail grade for the subject irrespective of the marks obtained in all
other assessments.
Assessment item 4
Final Exam
Value: 60%
Due Date: To be advised. Your exam timetable (http://student.csu.edu.au/study/exams/examtimetable) will be released via the Student Portal. Check dates for the exam period and your
responsibilities (http://student.csu.edu.au/study/exams).
Duration: 3 hours plus 10 minutes
Submission method options: N/A – submission not required/applicable
Requirements
The final exam will be a three hour exam held during the exam period at the end of session. All
questions must be attempted.
You are required to sit and pass the final examination in this subject in order to be eligible for a
passing grade. The exam is worth 60% of the total marks in this subject.
Section A of the examination consists of 10 multiple choice questions, worth 1 mark each (10
marks in total).
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Section B of the examination consists of 5 problem questions (worth 90 marks in total for the 5
questions).
In order to achieve a passing grade in this subject, a student must attain a minimum passing
standard in the overall total mark and the final examination.
Rationale
This assessment task will assess the following learning outcome/s:
• be able to apply conceptual and technical aspects of accounting and prepare relevant
business financial statements.
• be able to discuss the historical development of accounting.
• be able to contextualise and evaluate accounting information for decision making
purposes.
• be able to explain the importance of ethics in accounting.
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Marking criteria and standards
Marking criteria
The examination may assess all or some of the subject learning outcomes listed in the
‘Rationale’ section above. The following marking guide therefore provides general guidance
for each of the learning outcomes that may be assessed:
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Section High
Distinction
Distinction Credit Pass
Part A:
Multiple
Choice
Questions
(10%)
Answer
multiple
choice
questions by
selecting the
correct option
from the four
alternatives to
demonstrate
your
knowledge
and
understanding
of the range of
topics
assessed in
this section.
To meet this
level of
achievement
you will attain
an aggregate
cumulative
mark between
85%-100% for
the
examination. In
meeting this
level you will
demonstrate an
exceptional and
consistently
high level of
knowledge and
understanding
across the
complete range
of topics
assessed in this
section.
To meet this
level you will
attain an
aggregate
cumulative
mark between
75%-84% for
the
examination.
Overall, in
meeting this
level you will
demonstrate a
comprehensive
and high level
of knowledge
and
understanding
across the
majority of
topics
assessed in
this section.
To meet this level
you will attain an
aggregate
cumulative mark
between 65%-74%
for the examination.
A mark in this range
for section A
indicates that you
have often selected
the correct answer
from the available
alternatives for each
question. Overall, in
meeting this level
you will demonstrate
a sound knowledge
and understanding
across the majority
of the topics in this
subject.
To meet this
level you will
attain an
aggregate
cumulative
mark between
50%-64% for
the
examination.
Overall, in
meeting this
level you will
demonstrate a
sound
knowledge
and
understanding
across at least
50% of the
topics in this
subject.
Part B:
Problem
Questions
(90%)
To meet this
level of
achievement
you will attain
an aggregate
cumulative
mark between
85%-100% for
the
examination.
A mark in this
range indicates
that you have
answered all
questions to an
exceptional
level, providing
complete and
accurate
answers
addressing all
To meet this
level you will
attain an
aggregate
cumulative
mark between
75%-84% for
the
examination.
A mark in this
range indicates
that you have
answered all
questions to a
high level or
above,
providing
mostly
complete and
accurate
answers
To meet this level
you will attain an
aggregate
cumulative mark
between 65%-74%
for the examination.
A mark in this range
indicates that you
have answered the
majority of the
questions to a high
level or above,
providing mostly
complete and
accurate answers
addressing most
parts of the
questions.
Overall, in meeting
this level you will
demonstrate a sound
To meet this
level you will
attain an
aggregate
cumulative
mark between
50%-64% for
the
examination.
A mark in this
range indicates
that you have
answered
majority of the
questions to a
satisfactory
level or above,
providing
adequate
answers
addressing
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parts of the
questions.
Overall, in
meeting this
level you will
demonstrate
exceptional
knowledge,
understanding,
and ability
across the
majority of
topics in this
subject.
addressing
most parts of
the questions.
Overall, in
meeting this
level you will
demonstrate a
comprehensive
knowledge,
understanding,
and ability
across the
majority of
topics in this
subject.
knowledge,
understanding, and
ability across the
majority of topics in
this subject.
most parts of
the questions.
Overall, in
meeting this
level you will
demonstrate a
satisfactory
knowledge,
understanding,
and ability
across the
majority of
topics in this
subject.
Material provided by the university
General Purpose Answer Sheet (for multiple choice questions)
1 x 12 page Writing Booklet
Material provided by the student
Black or blue pen and 2B pencil, eraser, ruler, battery/solar calculator (no printer, nonprogrammable). Ipads, tablets, smartphones and other hand-held computer devices are not
accepted as calculators.
Students need to answer questions on the General Purpose Answer Sheet using a 2B pencil.
Sample exam paper
You are encouraged to complete this subject’s sample exam (https://doms.csu.edu.au/csu/
file/2b2eaa1d-77dd-406d-8dbd-1b895c61b0f9/1/ACC566%20SAMPLE%20EXAM.pdf) in
preparation for the end-of-session exam.
Assessment Information
Academic integrity
Academic integrity means acting with honesty, fairness and responsibility, and involves
observing and maintaining ethical standards in all aspects of academic work. This subject
assumes that you understand what constitutes plagiarism, cheating and collusion. If you are a
new student we expect you to complete the modules called Academic Integrity at CSU
(http://student.csu.edu.au/library/integrity/academic-integrity-course).
CSU treats plagiarism seriously. We may use Turnitin to check your submitted work for
plagiarism. You can use Turnitin to check for plagiarism (http://student.csu.edu.au/library/
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integrity/referencing-at-csu/checking) in your assessments before submission.
Referencing
Referencing is an important component of academic work. All assessment tasks should be
appropriately referenced. The specific details of the referencing requirements are included in
each assessment task description. Get referencing style guides and help
(http://student.csu.edu.au/library/integrity/referencing-at-csu) to use for your assessments.
How to submit your assessment items
Online submission process
All textual elements within an assessment must be submitted in a format that is readable by
Turnitin. Specific exceptions, where an assessment requires the insertion of image based
evidence of workings will be outlined in the context of the assessment. Students that
deliberately attempt to insert content of assessments in a format that is not readable by
Turnitin may be subject to Academic misconduct investigations.
See advice elsewhere in this subject outline regarding assignment submission processes.
Postal submission process
Under normal circumstances, postal submissions will not be accepted for any of the
assessments required.
Hand delivered submission process
Under normal circumstances, hand delivered submissions will not be accepted for any of the
assessments required.
Alternative submission process
See Online Submission Process above.
Extensions
It is best to complete assessment items by the due date. However, when something
unavoidable comes up an extension may be possible. The following principles are used when
processing extensions
1. For in-session assessment items, an extension request for up to three (3) calendar
days can be made by emailing your subject coordinator directly before the due date.
In your email please state the reason why you need more time as well as what
precisely you are requesting. Supporting documentation is not required. If an
extension is requested in the above format with a valid reason and your request does
not disadvantage other students, the extension will be approved. Extensions
cannot be granted for on-line tests, as these have to be done within a specific time
frame, after which the answers are released to the class automatically.
2. For in-session assessment items, extension requests of more than three (3) calendar
days must be made via the special consideration form: https://apps.csu.edu.au/
specialcons/. (https://apps.csu.edu.au/specialcons/)The request must be made
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before the due date and must include supporting documentation. Acceptable reasons
are given in the Special Consideration Policy . Each request will be considered on a case by case basis.
The request may not be granted. The maximum extension possible will be seven (7)
calendar days.
3. If you receive an extension, then you should expect the assessment item and its
feedback to be returned later. If you submit later than the extended due date you will
receive late penalties as per guidelines below.
4. Unless your extension permits otherwise, submissions received 10 days after the
original due date will receive zero.
5. For end of session exams, you can request a supplementary exam via
https://apps.csu.edu.au/specialcons/. (https://apps.csu.edu.au/specialcons/)This
request must be made within 3 working days of the date of exam and must include
supporting documentation. Acceptable reasons are given in the Special Consideration
Policy . For medical issues, a
CSU medical certificate is required. If the supplementary exam (SX) is awarded then
your exam is moved to the next examination period. In order to preserve exam
integrity and manage the logistics of exams, the timing of a supplementary exam is
heavily restricted.
How to apply for special consideration
Academic regulations provide for special consideration to be given if you suffer misadventure
or extenuating circumstances during the session (including the examination period) which
prevents you from meeting acceptable standards or deadlines. Find the form on the Student
Portal Special Consideration, Misadventure, Advice and Appeals (http://student.csu.edu.au/
study/academic-advice) page.
Penalties for late submission
The penalty for late submission of an assessment task (without obtaining the Subject
Coordinator’s approval for an extension) will be:
10% deduction per day, including weekends, of the maximum marks allocated for the
assessment task, i.e. 1 day late 10% deduction, or 2 days late 20% deduction.
An example of the calculation would be:
Maximum marks allocated = 20
Penalty for one day late = 2 marks (so, a score of 18/20 becomes 16/20 and a score of 12/20
becomes 10/20).
If an assignment is due on a Friday but is not submitted until the following Tuesday, then the
penalty will be four days (40% deduction or 8 marks in the example above).
Submissions more than 10 days late will be acknowledged as received but will not be marked.
Resubmission
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Under normal circumstances, resubmission of assessment items will not be accepted for any
of the assessments required in this subject.
Feedback processes
Each student for each assignment will receive a grade, solutions and specific and general
feedback.
Assessment return
You should normally expect your marked assignment to be returned to you within 15 working
days from the due date, if your assignment was submitted on time. If you submitted your
assignment on time but have not received it back by the return date, please send me an email
and I will look into it for you.
Student Feedback & Learning Analytics
Evaluation of subjects
CSU values constructive feedback and relies on high response rates to Subject Experience
Surveys (SES) to enhance teaching. Responses are fed back anonymously to Subject
Coordinators and Heads of Schools to form the basis for subject enhancement and recognition
of excellence in teaching. Schools report on their evaluation data; highlighting good practice
and documenting how problems have been addressed. You can view a summary of survey
results via the Student Portal SES Results (https://student.csu.edu.au/study/subjectexperience-survey-results) page.
We strongly encourage you to complete your online Subject Experience Surveys. You will be
provided with links to your surveys via email when they open three [3] weeks before the end of
session.
Changes and actions based on student feedback
In response to feedback provided by students in recent sessions: additional resources,
including PowerPoint slides, additional readings, and other activities have been prepared to
assist you with your studies.
Learning analytics
Learning Analytics refers to the collection and analysis of student data for the purpose of
improving learning and teaching. It enables the University to personalise the support we
provide our students. All Learning Analytics activities will take place in accordance with the
CSU Learning Analytics Code of Practice. For more information, please visit CSU’s Learning
Analytics (http://www.csu.edu.au/division/student-learning/home/analytics-and-evaluations/
learning-analytics) website.
Data about your activity in the Interact site and other learning technologies for this subject will
be recorded and can be reviewed by teaching staff to inform their communication, support
and teaching practices.
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Services & Support
Your Student Portal (http://student.csu.edu.au/) tells you can how you can seek services and
support. These include study, admin, residential, library, careers, financial, and personal
support.
Develop your study skills
Develop your study skills (https://student.csu.edu.au/study/skills) with our free study services.
We have services online, on campus and near you. These services can help you develop your
English language, literacy, and numeracy.
Library Services
CSU Library (https://student.csu.edu.au/library) provides access to the eBooks, journal
articles, books, and multimedia resources needed for your studies and assessments. Get the
most out of these resources by contacting Library staff either online or in person, or make use
of the many Library Resource Guides, videos and online workshops available.
CSU Policies & Regulations
This subject outline should be read in conjunction with all academic policies and regulations.
Please refer to the collated list of policies and regulations relevant to studying your subject(s)
(http://student.csu.edu.au/administration/policies-regulations-subjects) which includes links
to the CSU Policy Library (http://www.csu.edu.au/about/policy) – the sole authoritative source
of official academic and administrative policies, procedures, guidelines, rules and regulations
of the University.
Subject Outline as a reference document
This Subject Outline is an accurate and historical record of the curriculum and scope of your
subject. CSU’s Subject Outlines Policy (https://policy.csu.edu.au/view.current.php?id=00267)
requires that you retain a copy of the Subject Outline for future use such as for accreditation
purposes.
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