| Subject Code | ACC500 |
| Subject Name | Business Decision Making |
| Assessment Number and Title | Assessment 2 – Group - Accounting Cycle using Excel templates, Essay & Presentation |
| Assessment Type | Accounting cycle, Essay &Presentation |
| Length / Duration | Completing Excel spreadsheets, Essay 1500 words & PPT |
| Weighting % | 25% |
| Total Marks | 100 |
| Submission | Moodle Assignment submission box |
| Due Date | Week 7 - Sunday 23:59 |
| Mode | Group submission |
| Format | Excel, word and PPT |
Descriptions:
Part A:
The pivotal role of accountants today is to undertake much accounting work using computers (small accounting software or ERP system). Theaccounting cycle practice set question in this Assessment 2 enable Business students to understand and apply various steps in the accounting cycle and appraise the flow of business transactions through a simple set of accounting transactions. The assumptions will be considered in the question include the business is a sole proprietorship and use of perpetual/periodic inventory system. The practice set question for Part A will be provided by the academic coordinator on Moodle along with the questions and Excel templates to complete the accounting cycle steps for this part.
In this assessment you will require to complete and prepareindividually the following tasks from the selected questions:
(Note: Student must complete these requirements using EXCEL templates)
Part B: Essay
Business ethics and governance are crucial aspects for everyday life of accountants.
Required:
Write an essay by identifying and assessing of how the ethical and good governance issues in running the business including the responsibilities and accountabilities of accountants in a wider context. In your demonstration an expectation is that you shall use authentic academic and professional references. The expected length of this part is 1200 to 1500 words.
Part C: Presentation
The group presentation is in the form of a PowerPoint presentation of 15-20 PowerPoint slides. This is a mix of visual representation of contents, data, and images to build an argument on the requirement Part A & B.
The group will consist of Maximum 3 members. To form the groups students can self-select the group by using Moodle facility. The 15-20 minutes presentations by students using PowerPoint function.
Feedback
Marks and feedback with comments will be provided to students.
Marking Rubric
| Criteria to be Assessed | FL (0-49%) | PS (50-64%) | CR (65 – 74%) | DI (75 – 84%) | HD (>85%) |
| Please note that descriptions are typical in the middle of the grade range | |||||
| Part A: Completion of General Journal (20%) | Inaccurate or Inappropriate (did not follow special journal, i.e., duplicate entries) | Understood general journal entries to be recorded but completed less than half of the entries | Understood the general journal entries to be recorded but completed more than half of the entries | Understood the required general journal entries to be recorded but completed more than two-third of the entries | Excellent - Understood the required general journal entries to be recorded and completed all general journal entries |
| Part A: Preparation of accrual and deferral entries (5%) | Inaccurate or Inappropriate (did not follow procedures) | Understood how to record entries & completed less than half of the entries | Understood how to record entries but completed more than half of the entries | how to record entries but completed more than two-third of the entries | Excellent - Understood how to record entries and completed all general journal entries |
| Part A: Completion of general ledger, worksheet and trial balances (unadjusted, adjusted) and post-closing (15%) | Inaccurate or Inappropriate (did not post mostly blank) | Posted in general ledger recorded but completed less than half of the entries | Posted in general ledger recorded but completed more than half of the entries | Posted in general ledger recorded but completed more than two-third of the entries | Excellent - posted all entries in the general ledger and completed including new accounts (if required) |
| Part A: Completion of income statements, closing entries and financial position (10%) | Inaccurate or Inappropriate (not extracted and matching with the general ledger balances) | Extracted and matching with the general ledger balances but did not follow retailer’s functional approach | Extracted and matching with the general ledger balances but followed retailer’s functional approach | Extracted and matching with the general ledger balances but followed retailer’s functional approach and consistent | Excellent - Extracted and matching with the general ledger balances but followed retailer’s functional approach and consistent and balance sheet agreed both sides. |
| Part B: Essay (20%) | Demonstrates poor knowledge & understanding of the key concepts associated with ethics and governance. | Demonstrates limited knowledge & understanding of the key concepts associated with ethics and governance. | Demonstrates some knowledge & understanding of the key concepts associated with ethics and governance. | Demonstrates sufficient knowledge & understanding of the key concepts associated with ethics and governance. | Demonstrates thorough knowledge & understanding of the key concepts associated with ethics and governance. |
| Part C: Presentation – PPT design (10%) | The format chosen for the submission is inappropriate and/or lacks thought and consideration. Information presented is not original, often confused and not connected to the subject matter. | The format chosen for the submission is appropriate, but further attention to detail would improve its transmission of information. Presentation of information can be followed but may lack logical structure. The information is loosely connected to the subject matter | The format chosen for the submission is appropriate, but minor changes would enhance it. Presentation of information is generally structured logically and relates to subject matter but may be tangential at times. | Submission is professionally presented and submitted in the appropriate format. Presentation of information is structured logically and related to the subject matter. | Submission is highly professionally presented and submitted in the appropriate format. Presentation of information is structured logically and tightly related to the subject matter. |
| Part C: Presentation – Communication and Mastery (20%) | Presentation is poor. Presence, communication/language skills, organisation and mastery of the topics are poor - mostly reading from notes. And did not Identify and address key topic issues and any lacked preparation, did not clearly, articulately, or logically in relation to the subject. | Presentation is good but lack of coherence with other group members. Presence, communication/language skills, organisation and mastery of the topics are good. And identifies and addresses some issues and relevant concepts. Delivery and presentation but not always clearly, articulately, or logically in relation to their topic. though several areas lack clarity. | Very good presentation with body language and eye contact. And identifies and clearly addresses most topic issues and relevant concepts. Speaker generally presented clearly, articulately and logically in relation to the specific topic. | Very good presentation with presence, communication/language skills, organisation and mastery of the topics. And identifies and addresses most key issues and relevant concepts for the topic. Presentedclearly, articulately and logically in relation to the topic in a professional manner.
| Excellent presentation with presence, communication/language skills, organisation and mastery of the topics. And identifies and addresses all key issues and relevant concepts for the topic. Presented clearly, articulately and logically in relation to the topic in a highly professional manner.
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== End of Assessment brief===
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