Recent Question/Assignment

ACCT605 Managing Accounting Information Semester 1 2018
Assessment Task 2 – Group Assignment
Due date: 11 May 2018 (Friday), Week 10, 23:00 hrs
Weighting: 20%
Length and/or format: about 2000 words
How to submit: A copy of the assignment must be uploaded onto LEO through Turnitin system with the file name as ACCT605_groupNumber.docx.
Group Work
Students are required to form a group that will work together on this assignment. Organising and monitoring contributions by group members to the assignment as well as resolving conflict are important skills developed through group work. The mark awarded for this work will be based on the written submission. All members of the group will receive the same mark. However, if disputes arise between group members and cannot be resolved within the group, the lecturer in charge will proffer mediation and, if necessary, make a decision about the proportion of marks awarded to individuals. The maximum number of group members is four (4).
Format
The group assignments should:
1. be typed using 1.5 spacing justified
2. use Ariel font size 11
3. display a 2.5 cm margin for all sides
4. include page number
5. quote the reference in Harvard Style format
Fitzroy Health is a small medical centre with three doctors (GPs). Dr Freeman, the owner of the medical centre, will start his business in October this year. There will be three doctors and two receptionists in his medical centres. He expects there will be eight hundred patient records in the database. The consultation fees will be paid in three categories; 1. bulk bill, 2. patients pay in full amount or 3. patients pays the gaps. Dr Freeman has requested your IT consulting team to set up the accounting information systems for his new medical centre. In this project, your team is asked to do the following tasks for Dr Freeman.
A. Write a proposal for Fitzroy Accounting Information Systems. In your proposal, you should include the cost of the software systems, technical requirements, implementation and training strategy, cost of annual maintenance and support.
B. Briefly describe the accounting cycles, e.g. revenue cycle, expenditure cycle etc in your designed accounting system.
C. Provide samples of statements of financial position, financial performance and a cash flow statement for which of these reports will be generated by your accounting systems in future. List all these sample statements in the Appendix section of your proposal.
D. Provide a chart of accounts which supports above financial reporting in the Appendix section of your proposal.
Marks will be allocated as below.
Proposal [6 marks]
Accounting Cycle [6 marks]
Financial Statements [3 marks]
Create data File [3 marks]
Use of academic and accounting discipline conventions and sources of evidence [2 marks]
Late submission of assignment
This assignment must be handed in on the due date. Late assignment will be penalised. Any student submitting his/her assignment after the deadline but within 72 hours of it will be penalised 10% of the maximum mark available for the assignment. Any submissions after this time will receive a zero mark.
Extension for an assignment
Students may apply for consideration of circumstances, which significantly hamper their participation or performance in an assessment. These circumstances include temporary or permanent disability or exceptional and unforeseen circumstances.
Applications for consideration should be submitted to the national lecturer-in-charge (NLiC) before the due date for the assessment task. Requests for extension must be made on the appropriate form on or before the due date for submission, and must demonstrate exceptional circumstances, which may warrant the granting of an extension.
Rubric - Assessment Task 2: Group Assignment
ILOs Criteria Standards
Below Expectations Meets Expectations Exceeds Expectations
Level 1 (e.g. NN) Level 2 (e.g. PA) Level 3 (e.g. CR) Level 4 (e.g. DI) Level 5 (e.g. HD)
LO1, LO5 Proposal
Shows little to no understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice. Shows a basic understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice. Shows a good understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice. Shows a well-developed understanding of accounting related terminology, GAAP, or understanding accounting's role and function in business practice. Shows an excellent accounting related terminology, GAAP, or understanding accounting's role and function in business practice.
LO2, LO3 Accounting Cycle Through entering accounting transactions, shows little to no understanding of the accounting cycle. Through entering accounting transactions, shows a basic understanding of the accounting cycle. Through entering accounting transactions, shows a good understanding of the accounting cycle. Through entering accounting transactions, shows a well-developed understanding of the accounting cycle. Through entering accounting transactions, shows a well-developed understanding of the accounting cycle more than required.
LO3 Financial
Statements
Shows little to no understanding of the elements of the Financial Statements or how to interpret the information contained on the
Financial Statements. Shows a basic understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. Shows a good understanding of the elements of the Financial Statements or how to interpret the information contained on the Financial Statements. Shows a well-developed understanding of the elements of the Financial Statements or how to interpret the information contained on the
Financial Statements. Shows a fully understanding of the elements of the Financial Statements or how to interpret the information contained on the
Financial Statements.
LO3 Create data File
Shows little to no understanding of the accounting software, implements appropriate accounts, items, vendors and customers. Shows a basic understanding of the accounting software, implements appropriate accounts, items, vendors and customers. Shows a good understanding of the accounting software, implements appropriate accounts, items, vendors and customers. Shows a well-developed understanding of the accounting software, implements appropriate accounts, items, vendors and customers. Shows a fully understanding of the accounting software, implements appropriate accounts, items, vendors and customers more than required.
LO2 Use of academic and accounting discipline conventions and sources of evidence Poorly written with errors in spelling, grammar.
Demonstrates inconsistent use of good quality, credible and Is written according to academic genre (e.g. with introduction, conclusion or summary) and has accurate spelling, grammar, sentence Is well-written and adheres to the academic genre (e.g. with
introduction, conclusion or summary). Is very well-written and adheres to the academic genre.
Consistently
demonstrates expert use Expertly written and adheres to the academic genre.
Demonstrates expert use of high-quality, credible
relevant research sources to support and develop ideas.
There are mistakes in using the Harvard style for referencing. and paragraph construction.
Demonstrates consistent use of credible and relevant research sources to support and develop ideas, but these are not always explicit or well developed.
There are no mistakes in using the Harvard style for referencing. Demonstrates consistent use of high quality, credible and relevant research sources to support and develop ideas.
There are no mistakes in using the Harvard style for referencing. of good quality, credible and relevant research sources to support and develop appropriate arguments and statements. Shows evidence of reading beyond the key reading.
There are no mistakes in using the Harvard style for referencing.
and relevant research sources to support and develop arguments and position statements. Shows extensive evidence of reading beyond the key reading.
There are no mistakes in using the Harvard style for referencing.
* This rubric is indicative of the rubrics that will be used to assess this assignment. In order to ensure the assignment is indicative of the current accounting environment, minor changes may be made to reflect these. A final version of this rubric will be made available at the time the assignment document is available.

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