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Explain the current ratio and the debt ratio

Describe a resource within this website (apart from ABC Learning), relevant to this subject. Explain why you chose this resource.


Q5 Work Integrated Assessment (5 marks) (about 300 words). Describe the computing environment in your current or previous workplace or home office; equipment, software, processes etc. Or answer this question in relation to a possible future workplace position. The above five questions are designed to assess your ability to use and evaluate digital resources for accounting and can be answered from any source including the computer sections of magazines and newspapers or by access to the Internet. If using the Internet include the URL reference. For the purposes of this subject we do not require the URL date of access.


Q6 ABC Learning and ethics - ABC Learning Case Study (10 marks) Watch the six CPA ABC Learning movies. www.cpaaustralia.com.au/professional-resources/education/abc-learning-collapse-case-study www.youtube.com/watch


Prepare a business report covering the following (about 500 words) 1. Briefly summarise the key lessons from the ABC Learning case study. 2. What are the major financial reports? What is the purpose of each? 3. Why are profits important? Why is cash flow important? Relate to ABC, 4. Identify 3 ethical issues from the case study.


Q7 PALER (12 marks) Spreadsheet - check the assignment and spreadsheet requirements.


Q8 Balance Sheet Equation (10 marks) Spreadsheet required. Note that Interact2 resources including the Spreadsheet Advice PDF and the worksheet video may assist in completing this assignment question. In this case, the Report section will look just like the data section but will contain only formulas. In some cases, the cells in the report will be, for example =D8. The yellow highlighted cells will contain the answers. For each number calculated, briefly explain how you derived the answer.


Q9 Debit and credit balances (4 marks) List five accounts with normal debit balances. List five accounts with normal credit balances.


Q10 Trial balance (8 marks) A. Create a manual solution using pen and paper. Scan or take a photo with your mobile phone and paste in your assignment. B. Create a spreadsheet solution. Paste normal and formula views. C. Change 4 numbers such that the trial balance still balances. Paste this new normal view. There should be no need to paste a new formula view. Ensure that you choose the 4 changes yourself. Highlight the data changes with the yellow highlighter in Excel. Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment.


Q11 Crossword (5 marks) See page 92 and 93 of your text. Create your own simple crossword using at least 5 accounting terms and clues. Hint: there are free crossword creation apps online. Make two copies of your crossword - one blank and one completed.


Q12 Types of adjusting entries (4 marks) List four types of period end adjusting entries and give journal entries examples of each.


Q13 Current and non-current assets (2 marks) Distinguish between current and non-current assets. Give four examples of each.


Q14 Ratios (2 marks) Explain the current ratio and the debt ratio. Create your own numerical examples.


Q15 Worksheet and financial reports (20 marks) Note that Interact2 resources including the Spreadsheet Advice PDF and the Foot worksheet video may assist in completing this assignment. A. Add a ten column worksheet beneath the following data. Below that report, create the three financial reports. Paste the normal and formula view. B. In a second version, make four changes to the data such that a loss is reported.

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