| Subject Code : | ACC2250 |
|---|
Assignment Task:
Part 1: Complete the assignment at Xero and write a brief analysis (report)
Overview
This part of the assignment is completed using the cloud-based accounting software, Xero and Microsoft Word.
Access to Xero is via the invite email that you will receive in your ECU email account. Only assignments completed in Xero Learn will be accepted for assessment purposes. Do not complete the assignment using direct access to Xero. Your assignment is completed using the Blank Slate Ltd template.
Do not create a free account at xero using your ECU email address.
Your email from Xero Learn will be sent out at the start of Week 7 of the semester. Once you receive it, you can then set up your student account at Xero.
Once you have read this document in full, refer to the appendix of this document for the specific details of the setup and first months accounting transactions that you need to process in Xero along with the details of the end-of-month report that is required.
Our access to Xero is limited so you should start on the activity as soon as possible in Week 7. You must complete this activity and make the necessary submissions by 23:59 on Sunday, October 4, 2020.
To assist you in setting up your Xero account and company file, your Lecture [Joondalup] in Week 7 of the semester will be a hands-on tutorial with the Xero cloud-based software. The training session will be in JO 21.202.
There will be no tutorial exercise this week.
Submission
Once you have completed the accounting requirements in Xero you are required to export to PDF the following reports from Xero and submit them for review and marking via the Assignment Manger link in the Assessment area of Blackboard. Email or hard-copy submissions cannot be accepted.
If you are not familiar with using the Assignment Manager, please refer to the support materials linked to in the Assessment area of Blackboard.
All reports should be set to show zero decimal places unless this is not an option.
The deadline for submission of your reports is 23:59 on Sunday, October 4, 2020. Late submissions will be accepted within the University rules, but late submission penalties will be applied unless a prior exemption has been granted.
The required reports to be submitted in PDF format are:
- Balance Sheet – July 2020 – No comparison – Accrual – no decimals
- Profit and Loss – July 2020 – No comparison – Accrual – no percentages – no decimals
- Statement of Cash Flows – July 2020 – No comparison – Gross Tax on Operating Activities – no decimals
- Bank Reconciliation Summary – July 2020
- Journal transaction report for year-end adjustments
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