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Assignment Task :
Assignment Instructions
This is a group assignment for all (On-campus and Flex/DST students). The spreadsheet and zoom presentation of the assessment question needs to be submitted online on Moodle by Friday of week 9 at 5 pm AEST. The unit coordinator has placed all students in groups. All group members are responsible for their groups submission as no exceptions will be provided for late or incomplete submission in case of difficulties managing group members in different time zones or with varied work – life commitments. Late submissions will be penalised as per CQU policies. If a student in a group has not contributed in assignment, any group member must inform the lecturer.
Although this is a group assignment, I strongly recommend every group member understands (and even practices) all elements of the worksheet, adjustment entries and the financial reports. If you review the details of the assignment in this manner, it will be tremendously helpful toward your examination preparation. Please ensure the academic integrity of your submission.
Submit an Excel file containing the normal view and formula view as per the requirements below.
This assessment requires you to complete the assignment using an Excel spreadsheet (Part A of the assignment) with various sheets, appropriate formats and formulas. Enter the trial balance on a datasheet in an Excel file (sheet 1_ name it as datasheet).
Formulate five balance day adjustments and journalise them in the general journal in excel. Adjustments must cover a variety of adjustments such as Supplies on hand, Depreciation using straight line method, accrued wages, unearned revenue and an error requiring a correction entry (enter these adjustments in datasheet only).
Complete the on 10-column worksheet.
Prepare a Statement of Financial Performance and a Statement of Changes in Equity (correct format) for the year ended March 31, 2020.
Prepare a Statement of Financial Position (correct format and classification) as at March 31, 2020.
Prepare the closing entries as at March 31, 2020.
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