Recent Question/Assignment

ACCT605 Managing Accounting Information Semester 1 2019
Assessment Task 2 – Group Assignment
Due date: 12 May 2019 (Sunday), Week 10, 23:00 hour
Weighting: 20%
Length and/or format: 2000 words (excluding reference list and appendixes)
How to submit: A group member represents the whole group to upload this assignment 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 references in Harvard Style format
Burwood Health is a small medical centre with five doctors (GPs). Dr Brown, the owner of the medical centre, will start his business in July this year. There will be five doctors and two receptionists in his medical centre. The consultation fees will be paid in three categories; bulk bill; patients pay in full amount or patients pays the gaps. Dr Brown has requested your IT consulting team to set up a general ledger accounting package for Burwood Health. In this project, your team is asked to do the following tasks.
A. Write a proposal for Burwood Health accounting systems. In your proposal, you should include:
a. comparison of general ledger accounting packages,
b. the justifications of the selected package,
c. the cost of the selected general ledger accounting package,
d. technical requirements,
e. training strategy.
B. In your proposal, discuss the following features of the selected general ledger accounting package: a. Ease of installation,
b. Flexibility in initial setup of the chart of accounts and during subsequent modifications,
c. Frequency of updates from subsystems (invoices, cash receipts, payrolls etc)
d. Report flexibility (how easy it is to design reports, etc)
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 selected general ledger accounting package. List all these sample statements in the Appendix section of your proposal.
Marks will be allocated as below.
A. Proposal [8 marks]
B. Features Discussions [6 marks]
C. Financial Statements Samples listed in the appendixes [3 marks]
D. Use of academic and accounting discipline conventions and sources of evidence [3 marks]
Word limits
Word limits will be enforced with penalties. The marking penalty for exceeding the word limit will be calculated as follows: 5% of the total available marks for the piece of work will be deducted from the student’s mark for each 10% by which the number of words in the student’s piece of work exceeds the relevant word limit.
Late submission of assignment
Unless an extension is granted, this assignment submitted after the due date will incur a 5% per calendar day penalty based on the maximum marks available for that assessment task. This penalty will run up to a maximum of 15%. Assessment tasks received more than three calendar days after the due or extended date will not be allocated a mark. Note: The 5% penalty will be incurred for each whole or part of a calendar day that the work is overdue.
Extension for an assignment
For extension of time for assessments, please go to the Assessment and Assignment Forms page of the ACU website. Timely submission is critical.
Rubric - Assessment Task 2: Group Project
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.
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, LO4, 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 Feature discussions Shows little to no understanding of the features of the selected accounting package. Shows a basic understanding of the features of the selected accounting package. Shows a good understanding of the features of the selected accounting package. Shows a well-developed understanding of the features of the selected accounting package. Shows a well-developed understanding of the features of the selected accounting package than required.
LO3 Financial
Statements Samples
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.
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 relevant research sources to support and develop ideas.
There are mistakes in using
the Harvard style for referencing. Is written according to academic genre (e.g. with introduction, conclusion or summary) and has accurate spelling, grammar, sentence 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. Is well-written and adheres to the academic genre (e.g. with introduction, conclusion or summary).
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. Is very well-written and adheres to the academic genre.
Consistently demonstrates expert use 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. Expertly written and adheres to the academic genre.
Demonstrates expert use of high-quality, credible 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.

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