代做110.109 Introductory Financial Accounting Assignment 2 Semester 1 – 2024帮做Python语言程序

110.109

Introductory Financial Accounting

Assignment 2 Booklet

Distance / Internal

Semester 1 - 2024

IMPORTANT INFORMATION

Assignment 2 contributes 15% towards your final grade. Assessment 2 is due before 11:00 pm on Thursday 28th March   (New Zealand Time). The assignment has three (3) requirements which are: (i) Prepare and export a ‘Journal Report’ for the month of January 2024. (ii) Prepare and export a ‘Profit and Loss Statement’ for the period from 1 January 2024 to 31st January 2024; and (iii) Prepare and export a ‘Balance Sheet Statement’ as at 31st January 2024.

To complete the assignment successfully, you are required to submit three (3) PDF files:

(i)        Prepare and export a ‘Journal Report’ for the month of January 2024.

(ii)       Prepare and export a ‘Profit and Loss Statement ’ for the period from 1 January 2024 to 31st January 2024; and

(iii)      Prepare and export a ‘Balance Sheet Statement’ as at 31st January 2024.

Assignment 2 covers material from weeks 1 to 4 inclusive and mainly relates to the following learning outcomes:

1.   Demonstrate an understanding of the financial reporting framework for general purpose financial statements for commercial enterprises.

2.   Identify, measure, record and communicate economic transactions and events of commercial enterprises’ operations using fundamental accounting concepts, including the double entry accounting system.

Before attempting this assignment, it is strongly recommended that you read the instructions on the following pages and the “Assignment Details” thoroughly. You should also study the relevant material in the text and make sure you understand the concepts covered by practicing the weekly review and workshop questions before or as you complete this assignment.

Assessment 2 (Xero) requires you to sign up a Xero free trial account to complete it. Details for signing up and use of Xero are provided in the “Assessment 2 Details” on the following page.

Please remember that all 110.109 assignments must be your own work. Discussion on STREAM or in study groups is fine, but comparing or suggesting answers as opposed to concepts may lead to marks being deducted to the extent of receiving zero marks if answers are too similar.

ASSIGNMENT 2 GENERAL INSTRUCTIONS

How to Get Started with This Assessment

This assessment requires you to sign up a Xero free trial account to complete [https://www.xero.com/nz]. You need a valid email ID and may need a contact phone number (to authenticate  log-in  ID). Once you have signed up a Xero account, you can create a trial organisation. Please note that you can create as many trial organisations as you want, but each trial organisation lasts only 30 days. This means after you have setup an organisation that is required to complete this assessment, you will have only 30 days of access to process transactions and prepare journal reports and financial statements. To complete this assessment, you must follow the ‘Xero Accounting Student Manual ’ and a ‘pre-recorded webinartraining session ’ available in the ‘Assignment 2 Files’ folder.

1.         How to Download This Assignment from STREAM

There are two folders under the “Assignment 2 Files” . One folder includes the ‘Assignment 2 Booklet (PDF format) ’ and the other folder includes two preparatory materials “Recorded training webinar (MP4 video format)” and “XERO Student Manual (PDF format)” to be downloaded to complete this assignment. Please note that the available XERO Student Manual is not the latest version (ver. 2019) and therefore you may find some a minor difference compare to the current platform of XERO.

Assignment 2 Booklet (This book)

Procedure to download Assignment 2 Booklet:

•   Log on to STREAM for course 110.109.

•   Goto the Assessment section, scroll down to the Assignment 2 subheading, and then click on the folder – “Assignment 2 Files,” and then click on the relevant file (PDF file) to download, i.e. “Assignment 2 Booklet” .

•   Choose “Save File” and give the destination where you would like to keep the file.

Also, you can download the XERO Student Manual and Recorded Trainning Webinar following the same process.

Remember to include your name and ID while submitting the Assignment – 2. FOLLOW THE ‘ASSIGNMENT 2 DETAILS’ as mentioned below.

Contact the Course Coordinator ([email protected]) if you have any problems with downloading the files from STREAM.

2.         How to Complete Assignment - 2

Following the Assessment – 2 Booklet for further instruction.

XERO Accounting

Relevant instructions are available within the Booklet in later section “Assignment 2 Details”

3.         How to Submit Assignment - 2

Assignment 2 is time-stamped when received by Stream; the deadline for on-time submission is at 11 PM (noon) on the due date [28th March, 2024].

Please note it is your responsibility to ensure that your assignment has been received. With the number of students involved, it is impossible for lecturers to know whether a missing assignment is the result of a student pulling out of the course, deciding to forgo the assignment marks, or the result of a potential gremlin in the system. Murphy’s Law applies and things can go wrong, so make certain you check with the submission dropbox after you have submitted your assignment. You should be able to seeyour file on the lefthand side of the screen.

Procedure to upload your Assignment 2:

Please refer to the instructions under “Submitting Assessments to Stream Assignment boxes” on stream (by dragging down “Assessment” icon)

Contact the teaching staff if you have any queries regarding the above instructions.

The assignment submission drop boxes will remain open until the due date.

4.         Assignment queries

Please feel free to keep in touch with the  110.109 team regarding this assignment, preferably through the Assignment 2 forum. That way all students benefit and often we have found that the best way of learning is through discussion with your peers as well as teaching staff.

Please note that this assignment is at individual, not group level. Discussion is fine but do not post your answers to the assignment on STREAM discussion forums, as that will lead to penalties.

If you are unsure about this issue, you are welcome to use the confidential dialogue.

There area large number of students with whom the teaching staff and myself are involved in this Course, but that does not mean that you are not each individually very important to us. We value each student and will try to provide appropriate guidance to the best of our ability.

ASSIGNMENT 2 DETAILS

1.  Start a new organization.

Name of your organization: “Your name + ID number Ltd” (e.g., Tom_Kirk 2300789 Ltd) Industry: Choose among options “Gardening Services”

Do you have Employees: Select “Yes”

Are you registered for GST: Select “Yes”

Select: “Start Trial”

2.  Create a bank account.

Bank name: SouthEast Bank Ltd.

Account name: Bank-your name (e.g., Bank-Tom Kirk)

Account type: Other

Account number: 1092024

3.  Create the following account using the option ‘Chart of Accounts’.

Code	Account Name	Account Type	Tax details
971	Capital-your name (e.g., Capital-Tom Kirk)	Equity	No GST

•    Assign a code ‘605’ for Bank account (e.g., Bank-Tom Kirk) in the ‘Chart of Accounts’

4.  Process the following event and transactions:

Date 2024	Transactions All invoices and bills are due on 20 March 2024 All transactions include GST were relevant unless otherwise stated
January 1	Owner Invested $50,000.00 cash in the business. Receive money entry, Account is 971 Capital-your name.
January 5	Charged the business account at Computer Source Ltd. for new office equipment $11,500.00. New Bill  entry, Amounts  are:  Tax  Inclusive, Account is  710  Office Equipment. [Note:  You  may need to verify the company account accepting a notification at your email address that used for XERO login]
January 8	Charged James Bazley for fortnightly Gardening Service $3450.00. New sales invoice entry, Amounts are: Tax Inclusive. Account is 200 Sales [Note:  You  may need to verify the company account accepting a notification at your email address that used for XERO login]
January 12	Paid Gardening service assistant Mark Wills wages $625.00. Spend money entry, Account is 477 Salaries.
January 15	Cash customers paid for Garden Services using mobile EFTPOS $345.00 Receive money entry, Amounts are: Tax Inclusive. Account is 200 Sales
January 18	Cash customers paid for Cleaning using mobile EFTPOS $230.00 Receive money entry, Amounts are: Tax Inclusive. Account is 260 Other Revenue.

January 22	Paid CAR FIX Ltd. for Motors vehicle expenses $1,104.00 by EFTPOS. Spend  Money,  Amounts  are: Tax  Inclusive. Account is 449 Motor Vehicle Expenses.
January 27	Paid  for  a  family dinner  out at BAY Restaurant with the business EFTPOS card $207.00. Account is 980 Owner A Drawings
January 29	Cash customers paid for Garden cleaning using mobile EFTPOS $391.00. Amounts are: Tax Inclusive. Account is 200 Sales.
January 30	Mr. Tom Kirk was affected by the recent flood in Auckland and his business applied for a loan to SouthEast Bank Ltd. for $70,000.00 as a part of his business recovery strategy. The outcome of the application will be informed in the first weeks of April 2024.
January 31	Mr. Tom Kirk acquired  a  Computer through the  Trade Me website, completing the transaction by settling a payment of $1,000 in cash. Prior to finalizing the purchase, Mr. Kirk conducted due diligence, consulting with Harvey Norman to ascertain the market value of the vehicle, which was confirmed to be at least $2,500. Spend money entry, Account is 720 Computer Equipment.

Requirements:

(i)        Prepare the ‘Journal Report’ for the month of January 2024 and export it to PDF file. Save the file and name as “surname_ID#_JR” (The ID# being your student ID number, e.g., KIRK_2300789_JR).  (60 marks).

(ii)       Prepare and export a ‘Profit and Loss Statement’ for the period from 1 January 2024 to 31 January 2024. Export and Save the PDF file and name as “surname_ID#_PL” (The ID# being your student ID number, e.g., KIRK_2300789_PL).       (20marks).

(iii)      Prepare and export a ‘Balance Sheet’ at 31 January 2024. Export and Save the PDF file

and  name  as  “surname_ID#_BS”   (The  ID#  being  your   student  ID  number,   e.g., KIRK_2300789_BS).      (20 marks).