Question 1 (GLO1, 4 AND 5): Consolidation

This assignment relates to Topics 8 and 9, and requires the following to be

submitted: An excel workbook with the following six (6) sheets:

•     Sheet 1: Instructions

•     Sheet 2: Background Information

•     Sheet 3: Consolidated Journal Entries

•     Sheet 4: Consolidated Worksheet

•     Sheet 5: Consolidated Income Statement

•     Sheet 6: Consolidated Balance Sheet

Before you start the assignment, you must read the detailed instructions contained in

the “Instructions” sheet (Sheet 1) carefully. Then enter your 9-digit Deakin student

ID in the "Background information" sheet (cell B3 as shown below, Sheet 2) as each

student will be given a different set of information depending on their unique

student ID:

Failure to do so will result in a zero mark. You must use the excel workbook provided in answering and submitting your answers. Other formats will not be accepted.

Question 2 (GLO1,2):

The majority of the directors do not have an accounting background. You are required to prepare a memo that explains why it is necessary to make adjustments for the inter-company transactions. In your memo you should also refer to three consolidation adjusting entries you have prepared in the consolidation worksheet (600 – 800 words).

Submission

You are required to  submit your assignment in the individual Assignment Dropbox in the MAA716 CloudDeakin unit site on or before the due date (one excel file and for question 2 a word document).

When uploading your assignment, name your document using the following syntax: <your      surname_your first name_your Deakin student ID number_MAA716.doc (or ‘.docx’). For example, ‘Jones_Barry_ 123456789_ABC123.doc’ .

Submitting a hard copy ofthis assignment is not required.

You must keep a backup copy of every assignment you submit, until the marked assignment has been returned to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy.

Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism.

When you submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment Dropbox  folder after upload, and check for, and keep, the email receipt for the submission.

Marking and feedback

The marking rubric for this task is below and also available in the MAA716 CloudDeakin unit site - in the Assessment folder (under Assessment Resources).

It is always a useful exercise to familiarise yourself with the criteria before completing any assessment task. Criteria act as a boundary around the task and help identify what assessors are looking for specifically in your submission. The criteria are drawn from the unit’s learning outcomes ensuring they align with appropriate graduate attribute/s.

Identifying the standard you aim to achieve is also a useful strategy for success and to that end, familiarising yourself with the descriptor for that standard is highly recommended.

Students who submit their work by the due date will receive their marks and feedback on CloudDeakin 15 working days after the submission date.

Extensions

Extensions will only be granted for exceptional and/or unavoidable circumstances outside the student’s control.

Students seeking an extension for an assignment prior to the due date should apply directly to the       Unit Chair by completing theAssignment and Online Test Extension Application Form.Requests for extensions will not be considered after 12 noon, 29th September, 2022. Applications forspecial          considerationafter the due date must be submitted via StudentConnect.

Late submission

The following marking penalties will apply if you submit an assessment task after the due date      without an approved extension: 5% will be deducted from available marks for each day up to five  days, and work that is submitted more than five days after the due date will not be marked and will receive 0% for the task.

'Day' means working day for paper submissions and calendar day for electronic submissions. The     Unit Chair may refuse to accept a late submission where it is unreasonable or impracticable to assess the task after the due date.

Calculation of the late penalty is as follows: this is based on the assignment being due on a Thursday at 8:00pm

•   1 day late: submitted after Thursday 11:59pm and before Friday 11:59pm– 5% penalty.

•   2 days late: submitted after Friday 11:59pm and before Saturday 11:59pm – 10% penalty.

•   3 days late: submitted after Saturday 11:59pm and before Sunday 11:59pm – 15% penalty.

•   4 days late: submitted after Sunday 11:59pm and before Monday 11:59pm – 20% penalty.

•   5 days late: submitted after Monday 11:59pm and before Tuesday 11:59pm – 25% penalty.

Dropbox closes the Tuesday after 11:59pm AEST time.

Support

The Division of Student Life provides a range ofStudy Supportresources and services,

available throughout the academic year, including Writing Mentor and Maths Mentor online drop ins and the SmartThinking 24 hour writing feedback service atthis link. If you would prefer some   more in depth and tailored support,make an appointment online with a Language and Learning Adviser.

Referencing

Any material used in this assignment that is not your original work must be acknowledged as such and appropriately referenced. You can find information about plagiarism and other study support  resources at the following website:http://www.deakin.edu.au/students/study-support

Academic misconduct

For information about academic misconduct, special consideration, extensions, and assessment      feedback, please refer to the document Your rights and responsibilities as a student in this Unit in the first folder next to the Unit Guide in the Resources area of the CloudDeakin unit site.