with 0% turnituin reportfoundation in accounting with APA style referencing all the details are given in the file please go through this file
Assessment Details and Submission Guidelines MA501 Introductory Accounting School Business Course Name Master of Professional Accounting Unit Code MA501 Unit Title Introductory Accounting Trimester 2/2020 Assessment Author Dr Mac Wright Assessment Type Individual Assignment Assessment Title A Short Research Essay on the History of Accounting Unit Learning Outcomes Addressed: a. . Demonstrate technical skills in recording financial information. b. Analyze and record accounting transactions and events. c. Generate financial statements consistent with the conceptual framework and accounting standards Weight 15% Total Marks 30 marks Word limit Not more than 1,000 words Release Date Week 3 Due Date Week 6, Thursday, 27st August 2020 at 5 PM. Submission Guidelines · All work must be submitted on Moodle by the due date (as above) along with a completed Assignment Cover Page. · The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings. · Reference sources must be cited in the text of the Assessment Task, and listed appropriately at the end in a Reference List using APA 6th editionfor the School of Business.https://library.mit.edu.au/referencing/APA Extension If an extension of time to submit work is required, an Application for Special Consideration and supporting documentation must be submitted onlinevia your Academic Management System (AMS) login: https://online.mit.edu.au/ams. The Application for Special consideration must be submitted no later than three (3) working days after the due date of the specific piece of assessment or the examination for which you are seeking Special Consideration. In the case of serious illness, loss or bereavement, hardship or trauma students may be granted special consideration. Academic Misconduct Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at:http://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/Plagiarism-Academic-Misconduct-Policy-Procedure. For further information, please refer to the Academic Integrity Section in your Unit Description. Assessment Task Description In addition to the Submission Guidelines appearing on page 1, the assignment is to be completed individually. The submission into the specific assignment drop box in Moodle is to be made by each student individually. This assignment is comprised is a single academic paper discussing a case, and is marked out of 30marks. The marking rubric below sets out the requirements: Principally you will be marked o threer components: Your Technical understanding of how the double entry system of recording accounts was developed and how it works, Your explanation of the system of analysing and recording transactions, and Your ability to show how the recording of transactions can be used to develop a statement of profit or loss and a balance sheet. (10marks for each component) As mentioned above, the assessment should be presented in an academic paper format. A key aspect in your choice of format/layout should be to ensure you impart your key messages effectively (i.e., complete the requirements) and efficiently (i.e., it should be succinct and take into account the word limit). Make sure all pages are numbered, and the text fits within the margins of your pages. Make sure to include the relevant heading. Required: You are to: 1. research when the system of double entry record keeping was first used, and why Pacioli is considered to be a such an important figure. While discussing this you should demonstrate what he described by a set of simple transactions covering the following actions: (a) establishing a business entity by providing initial capital (b) purchasing several items of stock for sale (c) selling some, but not all of these items for more than the individual purchase price (d) paying an expense The transactions are to be of your own invention! Accordingly I expect that no two sets of transactions will describe the same events, including what is bought and sold and what expense is chosen. These transactions are to be recorded in a journal. (10 marks) 2. The resultant journal entries are to be posted to a T format ledger and a trial balance is to be extracted . (10 marks) 3. The correct ledgers are to be closed off to a profit and loss account and a Profit and loss statement and balance sheet is to be extracted. (10 marks) As you carry out this process you should explain your steps. Marking Criteria and Rubric Met requirements of the learning outcomes a, and b to an excellent level (80 to 100%) Met requirement of the learning outcomes a, and b to a very good level (70 to 79%) Met requirement of the learning outcomes a, and b to a good level (60 to 69%) Met requirement of the learning outcomes a, and bto asatisfactory level (50 to 59%) Did not met requirement (0 to 49%) Part 1 (out of 10 marks) Fully researched and thoroughly covered all Requirements in depth and detail Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 2 (out of 10 marks) Fully researched and thoroughly covered all Requirements in depth and Soundly researched and covered all points A good development of all points All points were covered Did not cover all points Part 3 (out of 10 marks) Proper structure language and grammar and full evidence of supporting research Proper structure and language and good evidence of research Basic structure and grammar and evidence of research Readable language Some evidence of research Poor grammar and little or no research Grand Total Mark (Out of 30) Unit Mark Contribution (Out of 15%) MA611 AuditingPage 3 of 5 © MIT April 2020T2-2018 v1 Assessment Cover Sheet Student ID Number/s: Student Surname/s: Given name/s: Course: School: Unit code: Unit title: Due date: Date submitted: Campus: Lecturer: Tutor: Student Declaration I/We declare that: 1. the work contained in this assignment is my own work, except where acknowledgement of sources is made; 1. certify that this assessment has not been submitted previously for academic credit in this or any other course; 1. I have read the MIT’s Plagiarism and Academic Misconduct Policy Procedure, and I/we understand the consequences of engaging in plagiarism; 1. a copy of the original assignment is retained by me and that I may be required to submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request; I have not plagiarised the work of others or participated in unauthorised collaboration when preparing this assignment. MIT ID Signature Date