Accounting for Business Decisions HI5001 Trimester 2 2014 The assignment allows students to exhibit their knowledge and understanding of the subject matter of Accounting. The students will use the skills of analyzing, comparing, criticizing, evaluating and justifying their responses in answering the assignment in a report format. The students need to be well read to answer the questions. Requirements: The students will be working in a group of four (Maximum) or as specified by the concerned lecturer. Document Preview: Accounting for Business Decisions HI5001 Trimester 2 2014 The assignment allows students to exhibit their knowledge and understanding of the subject matter of Accounting. The students will use the skills of analyzing, comparing, criticizing, evaluating and justifying their responses in answering the assignment in a report format. The students need to be well read to answer the questions. Requirements: The students will be working in a group of four (Maximum) or as specified by the concerned lecturer. Forming the group is a responsibility of the students, lecturers role is to facilitate the group if required. Week 5 would be the last date for the students to submit the names of their group members to the concerned lecturer. Assignment work load should be shared equally. Each Group member to state and list in front of the assignment, as to what part they have completed and accomplished (i.e. Duties and Responsibilities). Each part would be thoroughly answered. Maximum word Limit is 2500 words. Students to download assessment criterion available in the blackboard and attach it in front of the assessment. SECTION A: (14 MARKS) SECTION B: (16 MARKS) TOTAL: (30% MARKS) Due Date: Week 10 before 5.00 pm. Dont forget to upload onto Safe assign, one copy per group (do not upload more than one copy). Also, one hard copy to be handed to the lecturer before the schedule time as mentioned above. 2 HI5001 Accounting for Business Decisions SECTION A: (14 MARKS) Use your kills to Analyze, compare, criticize, evaluate and justify the answers in a process to solve the assignment. RAY Limited Balance Sheet as at 30th June $ $ Current Assets 2013 2012 Cash 40,000 60,000 Account Receivables 650,000 300,000 Allowance for doubtful debts (50,000) (50,000) Inventory 700,000 290,000 1,340,000 600,000 Non-Current Assets Equipment 1,800,000 1,100,000 Accumulated depreciation (550,000) (100,000) Capitalized borrowing cost 200,000 1,450,000 1,000,000 Total Assets 2,790,000 Attachments: Group-Assignm.pdf
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