Preview

Accounting 101: Assignment

Powerful Essays
Open Document
Open Document
1110 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Accounting 101: Assignment
ACCTG 101

Assignment 01
Due 08 April 2013, 4 p.m.

Assignment 01 will be marked out of 40 marks and is worth 4% of your final grade. Overall Presentation Communication: A high standard of written expression and presentation is expected of your assignment. Correct spelling and grammar are essential. Discussions should be concise, structured in a logical order, and relevant to the question. Refer to The Business of Writing: Written Communication Skills for Commerce Students by E. Manalo, G. Wong-Toi, and M-L. Hansen, 3rd edition, 2009. Referencing: APA referencing is to be used only where necessary however you DO NOT need to reference the assignment question. However, you DO need to reference your textbook (or any other text) IF you have QUOTED or PARAPHASED it. (See the library course page on the ACCTG 101 Cecil home page for details on how to use APA referencing). Always answer the questions in your own words. Presentation: Typed on A4 paper using Arial font and 11 font size. If calculations or tables are required for an answer they should be set out neatly and labelled clearly. Bullet point answers are acceptable only if the whole sentence makes sense. Plussage: It is important that you attempt this assignment to the best of your ability in order to qualify for plussage (see details in course book document on Cecil for details). Hand in: Please make sure that you hand your assignment into the correct box. Do not post it in the RETURN box as it will NOT be marked. The POSTING boxes are directly behind the lift on level 0 in the OGGB building. Workings: For any calculation type questions, you should show all workings, no matter how trivial they may be. This is good practice for the test and exam. Questions 40 marks

1. Business Organisation – 6 marks Select a company listed on the New Zealand Stock Exchange (NZX) https://www.nzx.com/markets/NZSX/indices/ALL. Locate the latest Annual Report. You may not use Auckland International Airport or The Warehouse’s

You May Also Find These Documents Helpful

  • Satisfactory Essays

    accounting week 3 assignment

    • 2128 Words
    • 27 Pages

    1. Specific identification method. Boston Galleries uses the specific identification method for inventory valuation. Inventory information for several oil paintings follows.…

    • 2128 Words
    • 27 Pages
    Satisfactory Essays
  • Powerful Essays

    errors that tend to happen when calculations are done manually. Ultimately, the goal of the entire…

    • 1203 Words
    • 4 Pages
    Powerful Essays
  • Powerful Essays

    A. The owner of Computer World, Heath is confused about the depreciation expense for building in the income statement and the carrying amount in the balance sheet, and would like you to explain the following to him:…

    • 3150 Words
    • 13 Pages
    Powerful Essays
  • Satisfactory Essays

    Accounting Chapter 1

    • 521 Words
    • 3 Pages

    An association of two or more persons to carry on as co-owners of a business for profit.…

    • 521 Words
    • 3 Pages
    Satisfactory Essays
  • Good Essays

    Bakerview’s strategy is to develop a core consumer base by segregating themselves from their competitors through industry niches which meet current societal demands and product differentiation. Bakerview has established its own niches in its industry to pursue the solitary of product differentiation. One of its niches is establishing Cowlix Natural Ice Cream which is their own featured brand name product. Crafting your own brand name product creates product differentiation by allowing themselves to articulate a product line to their customers which is segregated from their other products. This generates loyal customers and encourages customers to be exposed to their other goods because they have been satisfied with this certain line of products.…

    • 484 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Raj’s Accountant will explain to him that you cannot take money out of your owner’s equity because doing so would be impossible since he would be taking the money out of his assets accounts.…

    • 250 Words
    • 1 Page
    Satisfactory Essays
  • Satisfactory Essays

    accounting week 5

    • 333 Words
    • 2 Pages

    Write a 700- to 1,050-word summary of your team's discussion regarding IFRS vs. GAAP. The summary should be structured in a subject-by-subject format. Include an introduction and a conclusion. Your discussion should include the answers to the following:…

    • 333 Words
    • 2 Pages
    Satisfactory Essays
  • Good Essays

    Business Accounting P1,P2

    • 1748 Words
    • 7 Pages

    Financial records tell you how much income your business is generating and how it’s being spent on things like overheads and products etc. You can then create a profit and loss balance sheet, this is important so that your financial advisor can then tell you what is going good or what is going bad and from that he can direct you on what to do. If a business doesn’t keep it right with the bill then they cou8ld end up in trouble with the HM Revenue and customs (HMRC). If the business doesn’t record the cash transactions correctly then it cannot report its financial bills. The sales records will be updated regularly; this should give you a good idea on how the business is doing through sales, receiving payment, paying expenses and so on. The money going out seems to be going out faster than the money coming in then the owner or bookmaker should keep a close eye on the bank balance to ensure that they have sufficient funds for future transactions.…

    • 1748 Words
    • 7 Pages
    Good Essays
  • Satisfactory Essays

    A corporation uses the Internal Revenue Service's Web site to learn how to pay its estimated quarterly income taxes. This is an example of ________.…

    • 580 Words
    • 3 Pages
    Satisfactory Essays
  • Satisfactory Essays

    CHAPTER 10 SOLUTIONS TO BRIEF EXERCISES BRIEF EXERCISE 10-1 $27,000 + $1,400 + $10,200 = $38,600 BRIEF EXERCISE 10-2 |Expenditures | | | | | | | | | |Capitalization Period | |Weighted-Average Accumulated Expenditures | |Date | |Amount | | | | | |3/1 | |$1,800,000 | |10/12 | |$1,500,000 | |6/1 | | 1,200,000 | | 7/12 | | 700,000 | |12/31 | | 3,000,000 | |0 | | 0 | | | |$6,000,000 | | | |$2,200,000 | BRIEF EXERCISE 10-3 | |Principal | |Interest | |10%, 5-year note |$2,000,000 | |$200,000 | |11%, 4-year note | 3,500,000 | | 385,000 | | |$5,500,000 | |$585,000 | |Weighted-average interest rate = |$585,000 |= 10.64% | | |$5,500,000 | | BRIEF EXERCISE 10-4…

    • 4462 Words
    • 18 Pages
    Satisfactory Essays
  • Good Essays

    Question 1: 1. B 2. B 3. D 4. B 5.…

    • 1326 Words
    • 6 Pages
    Good Essays
  • Powerful Essays

    1. Analyzing transactions using the Accounting Equation 2. Next Week: How do firms actually measure Income?: Accrual vs. Cash Accounting g 3. Next Week: Determine when a company should record revenues and Expenses: The Matching Principle…

    • 1820 Words
    • 8 Pages
    Powerful Essays
  • Powerful Essays

    Learning Objectives 1. 2. 3. 4. 5. 6. 7. 8. Describe the usefulness of a conceptual framework. Describe the FASB’s efforts to construct a conceptual framework. Understand the objectives of financial reporting. Identify the qualitative characteristics of accounting information. Define the basic elements of financial statements. Describe the basic assumptions of accounting. Explain the application of the basic principles of accounting. Describe the impact that constraints have on reporting accounting information. 1, 2, 3, 4, 5 6, 13 7, 11, 12 8, 9, 11, 12 10, 12 1, 2 2, 3, 4 5 6, 7 6, 7, 8, 9, 10 3, 6, 7 Brief Exercises Exercises 1, 2…

    • 18492 Words
    • 74 Pages
    Powerful Essays
  • Satisfactory Essays

    accounting exercise

    • 684 Words
    • 3 Pages

    Woods and Moon were sold during the year for a total of $35,000. Determine the firm’s…

    • 684 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Assignment 2 is worth 15% of your final mark. It should be completed and submitted after you finish Chapter 7 in your textbook.…

    • 4057 Words
    • 17 Pages
    Powerful Essays