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Major financial reports? What is the purpose of each?

1. What are the major financial reports? What is the purpose of each?

2. Briefly summarize the key lessons from the ABC Learning case study.

3. Identify and discuss 3 ethical issues from the case study.

Q7 PALER (12 marks)

A. See the problem data below. The requirements are shown in the problem template. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose. B. Spreadsheet this problem - check the assignment and spreadsheet requirements.

Q8 Balance Sheet Equation (10 marks) Note that Interact2 resources including the Spreadsheet Advice PDF and the worksheet video may assist in completing this assignment question. A. Create a manual, handwritten solution. Scan or use your phone to copy and paste an image in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose. For each number calculated, briefly explain how you derived the answer. B. Create a spreadsheet solution. 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. See the Spreadsheet Advice PDF in Interact2 Resources.

Q9 Debit and credit balances (4 marks) .A. Create a manual solution using pen and paper. Scan or take a photo with your mobile phone and paste in your assignment. If using a smart phone, consider using a free scanning app such as Camscanner, Office Lens or Google Drive or search for an app. Let us know which app you chose. Add a ten column worksheet beneath the following data. Below that report, create the three financial reports B. Create a spreadsheet solution. Paste normal and formula views. C. In a second spreadsheet, make three changes to the data such that a loss is reported. Paste the second normal view. Ensure that you choose the 3 changes yourself. Highlight the data changes with the yellow highlighter in Excel. Quality of presentation including complete referencing 10 marks. Use complete APA referencing.

Rationale Task 1 covers study schedule weeks 1-4 inclusive and includes the application of conceptual and technical aspects of accounting and the preparation of business financial statements; the appraisal of the use of information technology including spreadsheet software; the evaluation of the Internet as a professional resource; and to demonstrate business communication skills including report writing. In today’s business environment we need verbal skills, writing skills, numeracy skills AND digital literacy skills. All of these skills are assessed throughout this subject. The early questions in this assignment are designed to assess your digital literacy in a business/accounting environment.