MPA701 ccounting rimester 3 2022
Assessment Task 3
anual Practical Case Study
Individual Assignment
DUE DATE AND TIME:
PERCENTAGE OF FINAL GRADE:
WORD COUNT:
Week 10, Wednesday 25 Jan 2023, by 8:00pm (AEST)
20 %
2,000 words equivalently
Description
This assessment task is an individual assignment. You are required to analyse business data, record the
economic transactions in General Journal, prepare Stock Card, prepare necessary adjusting journal entries,
post journal entries to General Ledger, and complete Adjusted Trial Balance. Through completing this
assessment task, you should be able to better understand the different steps in the accounting cycle.
Specific Requirements
Instructions are available through Content ? Assessment Resources ? Assessment Task 3 – Practical Case
Study. Data and transactions will be provided and sent to students eakin email.
1. Sort all transactions in the order of date (transactions must be recorded in date order). This will be
critical to the calculation of cost of goods sold.
2. Record the opening balances and all transactions (including balance day adjustments) in the general
journal (narrations not required).
3. Prepare the stock card for all inventory transactions to determine the cost of goods sold and closing
balance.
4. Post all journal entries to the general ledger.
5. Prepare the adjusted trial balance
You need to complete the general journal, stock card, the general ledger, and the adjusted trial balance in the
Excel document provided.
Note: Numbers can be rounded to two (2) decimal points.
Learning Outcomes
This task allows you to demonstrate achievement towards the unit learning outcomes. The ULOs are aligned
with specific graduate learning outcomes 4hat is, the skills and knowledge graduates are expected to have
upon completion of their studies !nd this assessment task is an important tool in determining achievement
of those outcomes.
If you do not demonstrate achievement of the unit learning outcomes, you will not be successful in this unit.
It is good practice to familiarise yourself with the ULOs and GLOs as they provide guidance on the knowledge,
understanding and skills you¥ expected to demonstrate upon completion of the unit. In this way they can be
used to guide your study.
Unit Learning Outcomes (ULO)
Graduate Learning Outcomes (GLO)
ULO 2: Evaluate the components of the conceptual
framework and apply the conceptual framework to
accounting decisions
GLO1: Discipline-specific knowledge and
capabilities
ULO 3: Identify economic events and account for the
associated transactions manually applying the
principles of accrual accounting
GLO4: Critical thinking
ULO 4: Evaluate the treatment of items in the
financial statements and apply relevant accounting
standards.
GLO5: Problem solving
Submission
You are to submit your assignment in the individual Assignment Dropbox in the MPA701 CloudDeakin unit
site on or before the due date.
When uploading your assignment, name your Excel document using the following syntax:
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