代写 ACC80006 Financial Reporting Compulsory CAP

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    • ACC80006 Financial Reporting  Compulsory CAP assignment  Semester 1, 2016
    Dr John Lourens, FCPA  Swinburne University  Page 1 of 5
    ACC80006 FINANCIAL REPORTING
    COMPULSORY CAP ASSIGNMENT – SEMESTER 1, 2016
    These notes are very important. Please read the entire handout (all five pages) before
    beginning work on the Compulsory CAP assignment. (You should also read the Unit Outline
    information about assignments generally – late submissions, special consideration etc.)
    The Compulsory CAP assignment must be completed using version 10.0 of the program.
    Using any other version to complete the assignment is unacceptable, and will result
    in zero marks being awarded.
    The submission date for the Compulsory CAP assignment is:
    11:59 PM on Friday 29 th April 2016
    Please note that this submission deadline means precisely what it says:
    11:59 PM on Friday 29 th April 2016.
    There will be no extensions granted beyond this precise time and date. Assignments
    submitted after the due time and date will incur a late penalty of 10% of the maximum
    assignment value for each day (including weekends) or part thereof that the assignment is
    late. Assignments submitted more than one week after the due time and date will receive a
    mark of zero.
    Important note:
    Carefully read all “Further Points” on the last two pages (pages 4 and 5) of this handout.
    ACC80006 Financial Reporting  Compulsory CAP assignment  Semester 1, 2016
    Dr John Lourens, FCPA  Swinburne University  Page 2 of 5
    THE OVERALL ASSIGNMENT TASK
    In general outline, and at a time and place of your choosing, you are required to:
    (a)  Set certain switches within the CAP program (see "Switches and Settings" later).
    (b)  Generate an "EXAM SUBMIT" case study (any other type of case study will be
    disqualified automatically – including “exam practice”).
    (c)  Solve the case study on screen within the allotted time.
    (d)  Obtain an assessment.
    (e)  Print out various documents. (Missing documents will be severely penalised, and
    could even result in zero marks being awarded.)
    (f)  Save the entire case study to disk as a back-up measure.
    (g)  Scan all print out pages and save them as a single PDF document. Make sure that
    case details at the top of each page are complete and clearly visible.
    (h)  Please note that document formats other than PDF will not be accepted.
    (h)  Upload the PDF document to the ACC80006 webpage by the submission deadline.
    To meet the requirements of the Compulsory CAP assignment in full, you must upload a
    SINGLE scanned PDF document to the ACC80006 webpage by precisely 11:59 PM on
    Friday 29 th April, 2016 using the upload link provided on the ACC80006 webpage. Late
    submission penalties will apply.
    Please note that multiple PDF documents should not be uploaded and will not be accepted.
    Emailed attachments will also not be accepted. When creating the PDF file, please set a
    SMALL file size rather than a large file size. Small size files are easier to upload.
    It is your responsibility to ensure that you have sufficient knowledge (and also adequate
    time) to fully meet the submission requirements, including learning how to create single PDF
    files from multi-page documents. You are advised to formulate an appropriate back-up
    strategy in the event things do not proceed according to plan.
    When you upload your assignment to the ACC80006 website, please ensure you use the
    correct upload link. The website provides four upload links – one for the Bonus CAP
    assignment, one for the Compulsory CAP assignment, one for the Compulsory PCAM2
    assignment and one for the Compulsory PITA assignment. For the Compulsory CAP
    assignment, you must use the Compulsory CAP assignment upload link.
    ACC80006 Financial Reporting  Compulsory CAP assignment  Semester 1, 2016
    Dr John Lourens, FCPA  Swinburne University  Page 3 of 5
    Specific detail of the Compulsory CAP assignment
    Please follow all instructions. To avoid penalties, you must select all settings and switches
    exactly as asked. Selecting a case study type other than that specified will result in
    your assignment being automatically disqualified.
    Please be aware, and take careful note, that penalties will be imposed for failure to set
    switches, enter data or submit documentation, exactly as asked.
    And remember that document formats other than PDF will not be accepted.
    SETTINGS AND SWITCHES
    Make the following selections:
     POSTINGS
    Investment in S approach "separate"
    Save this setting.
     EXAM SETTINGS
    Time
    Time allotted: 105 minutes
    Broadcast a 15 minute warning
    General
    60% to 95% owned
    Assets not acquired at fair value
    Goodwill on acquisition
    Stock transfer
    Intragroup sales "yes"
    Intragroup trade debt "yes"
    Unrealised profit in opening stock "yes"
    Unrealised profit in closing stock "yes"
    Loans and debentures
    Intragroup debentures "yes"
    Intragroup loans "yes"
    Cash in transit "yes"
    Other
    Non-current asset transfer "yes"
    Capitalised stock transfer "yes"
    Service fees "yes"
    Rental fees "no"
    ACC80006 Financial Reporting  Compulsory CAP assignment  Semester 1, 2016
    Dr John Lourens, FCPA  Swinburne University  Page 4 of 5
    Save these settings. Then exit exam settings.
    Select EXAM SUBMIT. Enter your name and student ID number. Start the examination.
    Read the "Case Study Instructions" box, then press "continue".
      Complete the journal entries for Section 1.
      Obtain an assessment for Section 1.
      Read the "Section information" box.
      Press "continue" to proceed to Section 2.
      Complete the journal entries for Section 2.
      Obtain an assessment for Section 2.
      Read the "Section information" box.
      Press "continue" to proceed to Section 3.
      Complete the journal entries for Section 3.
      Obtain an assessment for Section 3.
      Read the "Section information" box.
      Press "continue".
    Print out all of the following documents:
      Overall summary
      Consolidation worksheet
      Information
      User’s journals
      Correct journals
    Save the entire case study to disk as a back-up measure. (NOTE: if you experience printing
    problems, saving the case study to a floppy disk or memory stick for later printing is a
    sensible strategy.)
    Exit CAP.
    Upload ALL print outs via a single PDF document by the due date. Make sure that case
    details at the top of each page are complete and clearly visible.
    SOME FURTHER POINTS YOU SHOULD NOTE
    (1) Please take comfort in the fact that even though you must make only one assignment
    submission, you can attempt the actual CAP assignment task as many times as you like.
    I will have no way of telling (neither do I have the slightest interest in knowing) whether
    what you submit is your first or your fifty-first attempt. If you mess up the exam half way
    through, or if you feel you have made too many errors, or if visitors arrive and interrupt
    you, then you can start the assignment all over again.
    (Provided, of course, that you have not left things until the last minute, and that you do
    still have time to make another attempt.)
    ACC80006 Financial Reporting  Compulsory CAP assignment  Semester 1, 2016
    Dr John Lourens, FCPA  Swinburne University  Page 5 of 5
    (2)  Remember that when in Exam Submit mode, once you have requested an
    assessment, CAP will not allow you to make any further entries or changes to your
    journal entries. If you are not happy with your assignment attempt, for whatever
    reason (errors, interruptions etc), the only way to fix things up is to start the
    assignment all over again.
    (3)  If you exceed the assignment time limit, CAP will still allow you to continue working.
    However, if the time shown on your print out exceeds the time allotted, then you will
    incur a significant mark penalty.
    (The time taken to print out documents after assessment has been requested is NOT
    included in the 105 minute case study duration. Thus, there is no need for you to
    make any time allowance for this printing.)
    (4)  You are responsible for solving any printing problems you encounter, and no
    allowance will be made in this regard. Please do not wait until the "last minute" to
    identify and solve printing problems. Practice printing out NOW while you have the
    time to identify and solve printing problems. It is probably a good idea to arrange a
    back-up printing strategy (e.g. arranging to use someone else's printer) just in case
    things do go wrong at the last minute.
    (5)  For the most part, the Compulsory CAP assignment will be graded on the number of
    errors you make. Generally speaking, you will be penalised ½ mark per error made.
    Since the assignment is worth 20 marks in total, 40 or more errors will result in "zero"
    marks. Penalties will be imposed for failure to set switches, or submit
    documentation, exactly as asked. And remember, document formats other than
    PDF will not be accepted.
    (For example, an assignment where 34 out of 68 debit / credit entries are correct
    would NOT score 10 out of 20 marks. Instead, such an assignment would score 3
    out of 20 marks. Balanced against this tough marking policy are two important
    factors. First, you have had a long time to prepare for this assignment. Second,
    YOU decide which assignment attempt to submit. If you are unhappy with the
    number of errors you make, you have the option of attempting the assignment again,
    provided you can still meet the submission deadline.)
    (6)  Finally, please remember that only CAP version 10.0 is to be used for this
    assignment. Remember also that all case studies other than Exam Submit will be
    automatically disqualified. There will be no opportunity to resubmit a disqualified
    assignment submission.
    Good luck with your Compulsory CAP assignment, and also your forthcoming exams.
    Dr John Lourens
    ACC80006 convenor
    February 2016