Financial Accounting

Page 1 Kaplan Business School Assessment Outline

Assessment 3 Information

Subject Code: ACC201

Subject Name: Financial Accounting 1

Assessment Title: Assessment 3 – Individual Assignment

Assessment Type: Xero Practice Set (15%) and Memo (5%)

Weighting: 20% of the overall assessment

Total Marks: 20

Submission: Submit financial reports and the Memo on MOODLE

Due Date: Monday of Week 12 by 15:55 AEST

Your Task

• You will be required to complete an online practice set by entering a series of transactions using the Xero software and then generate financial reports. This component counts 15% towards the overall assessment mark.

• You are also required to write a short Memo (200 words) to the management analysing the profitability of the business. This component counts 5% towards the overall assessment mark.

• The required Reports and the Memo must be submitted on the Moodle.

Assessment Description

An online practice set is used in this subject. It is designed to provide experience in the practical and technical skills essential to accounting with the Xero software, through the completion of a one-month accounting cycle for a unique accounting scenario.

Assessment Instructions

QuickStart Guide: What you will need

• access to the internet

• MS Excel, or other spreadsheet editing software

• an email address

• One of the following internet browsers

✓ Google Chrome (PC and Mac)

✓ Internet Explorer (IE) 11 (PC)

✓ Mozilla Firefox (PC and Mac)

✓ Safari 8 (Mac)

More information and resources will be provided in Week 6 when the first Xero workshop is conducted.

Page 2 Kaplan Business School Assessment Outline

Important Study Information

Academic Integrity Policy KBS values academic integrity. All students must understand the meaning and consequences of cheating, plagiarism and other academic offences under the Academic Integrity and Conduct Policy. What is academic integrity and misconduct? What are the penalties for academic misconduct? What are the late penalties? How can I appeal my grade? Click here for answers to these questions: http://www.kbs.edu.au/current-students/student-policies/.

Word Limits for Written Assessments Submissions that exceed the word limit by more than 10% will cease to be marked from the point at which that limit is exceeded.

Study Assistance Students may seek study assistance from their local Academic Learning Advisor or refer to the resources on the MyKBS Academic Success Centre page. Click here for this information.