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ACCT6005 Company Accounting
Questions:
Learning Outcomes
This assessment addresses the following subject learning outcomes:
Prepare consolidated financial statements and related accounting entries for incorporated entities.
Generate and communicate strategic recommendations in various inter-entity relationship scenarios with reference to relevant accounting
standards.
Submission Instructions: Part A:
• Submit Part A of the assessment document in a Word format including a cover sheet. JPEG files or similar cannot be opened and will not be marked.
• Submit via the Assessment link in the main navigation menu in ACCT6005 Company Accounting.
Part B:
1.Prepare a video presentation to answer the questions in this assignment. Upload your file on Blackboard by reading the instructions contained in the following link:
2. Prepare and up oa your script for your presentation as a PDF file.
3. You will be assessed on your technical understanding of each question and also your presentation skills. Please refer to the marking rubric.
You may use visual aids to support your presentation, however you must be seen at all times in front of the camera. Marks will not be awarded if you read directly from your notes. Headphones are strictly prohibited and will attract a zero trade.
2. Prepare and upload your script for your presentation as a PDF file.
3. You will be assessed on your technical understanding of each question and also your presentation skills. Please refer to the marking rubric. You may use visual aids to support your presentation, however you must be seen at all time.
Question 1 (10 marks) (Suggested time approx: 1 minute) Discuss each step you have taken to prepare the acquisition analysis. Include all relevant account names, amounts and explanation of calculations.
Question 2 (5 marks) (Suggested time approx: 1 minute) Discuss the accounting adjustments required to account for the fair value adjustment of inventories at acquisition date.
Question 3 (5 marks) (Suggested time approx: 1 minute) At acquisition date, Billy Ltd recorded a Dividend payable for $8,000. Discuss how you have treated this item in the acquisition analysis and the worksheet. Provide an explanation as to your actions.
Question 4 (10 marks) (Suggested time: 2 minutes) Discuss the accounting processes, calculations and consolidation, entries you have made for the Machine and all the related accounts.
Question S (10 marks) (Suggested time approx: 1 minute) Explain the purpose of the ‘Transfer from BCVR’ account and all consolidation entries which you have posted to this account.
ACCT6005 Company Accounting
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