MCR004AAccounting Systems and Processes Answers -Help Me !

Accounting Systems and Processes Assessment 1

MCR004A Accounting Systems and Processes Trimester 2, 2021

Students are required to complete the Assessment1: Group report in group of five members. Students are not allowed to select group member in their group. Group formation would be uploaded in moodle in week 2with student’s name, ID and GCA email address.

GCA email will help the group to communicate each other.No personal email will be allowed for communication with the lecturer

.2. ObjectiveMCR004Acovers a range of important theory and practice of Fundamental of Accounting Systems and Processes.The main purpose of this assessment is to provide students with the opportunity to consolidate and extend their understanding in connection with the important issues in Accounting Systems and Processes.

3. Assessment criteria In assessing group report consideration will be given to overall neatness, completeness and quality of report, timeliness of submission and demonstrated application of appropriate issues in financial accounting and reporting.Clarity Report is expected to be made in a clear, concise,and understandable manner. It is required that an outline be made at the inception of the report to show introduction, body,and conclusion of the report.

4. Group Report Topic:

Each group will be allocated a topic from section 2.5 of the subject outline (Topics are listed below)and each group will be allocated a company from ASX500 top listed. Group report includes:

(a) Overview of the selected company and

(b) explanation of the selected topic with relation to selected company. Group Company selection and topic selection should be available in moodle in week 2.

(a)Conceptual Framework

(b)Accounting Regulatory Body: AASB

(c)Company Regulatory Body: ASIC

(d)Accrual accounting concept

(e)Inventories: Perpetual method and Periodic method

(f)Accounting for current assets

(g)Accounting for noncurrent assets

5. Plagiarism Taking

another person’s ideas, words or inventions and presenting them as your own without acknowledging your sources (citing or referencing), is plagiarism. Paraphrasing or rewording another person’s work, without acknowledging its source, is also plagiarism. If you are identified with plagiarism assessment mark will bezero.

Similarityrate must notexceed20%.

6. Referencing Correct referencing is important for two main reasons. The first is to enable the reader to access source material you have relied upon, should they care to. The other is to ensure that you have properly recognized the contribution of the work of others to your assignment. If you do not do this properly, you are engaging in plagiarismthe theft, intentional or otherwise, of the intellectual or creative work of others. UBBSwill not tolerate plagiarism. It is therefore important that you understand how to avoid it. It is important that you adopt a consistent, and adequate, referencing system.

Reference should be used Harvard Style.