ACC80006 | Financial Reporting Compulsory CAP | Finance

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THE OVERALL ASSIGNMENT TASK

In general outline, and at a time and place of your choosing, you are required to:

(a) Set certain switches within the CAP program (see "Switches and Settings" later).
(b) Generate an "EXAM SUBMIT" case study (any other type of case study will be disqualified automatically – including “exam practice”).
(c)  Solve the case study on screen within the allotted time.
(d) Obtain an assessment.
(e) Print out various documents (including the Cover Sheet separately downloaded). Missing documents will be severely penalised, and could even result in zero marks being awarded.)
(f)  Save the entire case study to disk as a back-up measure.
(g) Scan all print out pages and save them as a single PDF document (including the Cover Sheet downloaded from the website). Make sure that case details at the top of each page are complete and clearly visible.
(h) Please note that document formats other than PDF will not be accepted.
(i)  Upload the PDF document to the ACC80006 webpage by the submission deadline.

To meet the requirements of the Compulsory CAP assignment in full, you must upload a SINGLE scanned PDF document that includes the Assessment Cover Sheet to the ACC80006 webpage by precisely 11:59 PM on Friday 3rd May, 2019 using the upload link provided on the ACC80006 webpage. Late submission penalties will apply.

Please note that multiple PDF documents should not be uploaded and will not be accepted. Emailed attachments will also not be accepted. When creating the PDF file, please set a SMALL file size rather than a large file size. Small size files are easier to upload.

It is your responsibility to ensure that you have sufficient knowledge (and also adequate time) to fully meet the submission requirements, including learning how to create single PDF files from multi-page documents. You are advised to formulate in advance an appropriate back-up printing strategy in the event things do not proceed according to plan.

When you upload your assignment to the ACC80006 website, please ensure you use the correct upload link. The website provides four separate upload links – one for the Optional Bonus CAP assignment, one for the Compulsory CAP assignment, one for the Compulsory PCAM2 assignment and one for the Compulsory PITA assignment. For the Compulsory CAP assignment, you must use the appropriate assignment upload link.

Specific detail of the Compulsory CAP assignment

Please follow all instructions. To avoid penalties, you must select all settings and switches exactly as asked. Selecting a case study type other than that specified will result in your assignment being automatically disqualified. (Take careful note of this point!)

Please be aware, and take careful note, that penalties will be imposed for failure to set switches, enter data or submit documentation, exactly as asked. Required documentation includes a duly completed and signed Assessment Cover Sheet as part of the single PDF assignment file you upload to the website. And remember that document formats other than PDF will not be accepted.

SETTINGS AND SWITCHES

Make the following selections:

POSTINGS

Investment in S approach "separate"

Save this setting.

EXAM SETTINGS

Time

Time allotted: 105 minutes Broadcast a 15 minute warning

General

60% to 95% owned

Assets not acquired at fair value Goodwill on acquisition

Stock transfer Intragroup sales "yes" Intragroup trade debt "yes"

Unrealised profit in opening stock "yes" Unrealised profit in closing stock "yes"

Loans and debentures Intragroup debentures "yes" Intragroup loans "yes" Cash in transit "yes"

Other

Non-current asset transfer "yes" Capitalised stock transfer "yes" Service fees "no"

Rental fees "yes"
Save these settings. Then exit exam settings.

Select EXAM SUBMIT. Enter your name and student ID number. Start the examination.

Read the "Case Study Instructions" box, then press "continue".

• Complete the journal entries for Section 1.
• Obtain an assessment for Section 1.
• Read the "Section information" box.
• Press "continue" to proceed to Section 2.
• Complete the journal entries for Section 2.
• Obtain an assessment for Section 2.
• Read the "Section information" box.
• Press "continue" to proceed to Section 3.
• Complete the journal entries for Section 3.
• Obtain an assessment for Section 3.
• Read the "Section information" box.
• Press "continue".

Print out all of the following documents:

• Overall summary
• Consolidation worksheet
• Information
• User’s journals
• Correct journals

Save the entire case study to disk as a back-up measure. (NOTE: if you experience printing problems, saving the case study to a floppy disk or memory stick for later printing at a computer that also has the CAP software installed is a sensible strategy.)

Exit CAP.

Upload ALL print outs via a single PDF document by the due date. Make sure that case details at the top of each page are complete and clearly visible.

SOME FURTHER POINTS YOU SHOULD NOTE

(1) Please take comfort in the fact that even though you must make only one assignment submission, you can attempt the actual CAP assignment task as many times as you like. I will have no way of telling (neither do I have the slightest interest in knowing) whether what you submit is your first or your fifty-first attempt. If you mess up the assignment half way through, or if you feel you have made too many errors, or if visitors arrive and interrupt you, then you can start the assignment all over again.

(Provided, of course, that you have not left things until the last minute, and that you do still have time to make another attempt.)

(2) Remember that when in Exam Submit mode, once you have requested an assessment, CAP will not allow you to make any further entries or changes to your journal entries. If you are not happy with your assignment attempt, for whatever reason (errors, interruptions etc), the only way to fix things up is to start the assignment all over again.

(3) If you exceed the assignment time limit, CAP will still allow you to continue working. However, if the time shown on your print out exceeds the time allotted, then you will incur a significant mark penalty.

(The time taken to print out documents after assessment has been requested is NOT included in the 105 minute case study duration. Thus, there is no need for you to make any time allowance for this printing.)

(4) You are responsible for solving any printing problems you encounter, and no allowance will be made in this regard. Please do not wait until the "last minute" to identify and solve printing problems. Practice printing out NOW while you have the time to identify and solve printing problems. It is a good idea to arrange in advance a back-up printing strategy (e.g. arranging to use someone else's printer) just in case things do go wrong at the last minute. You should test out the back up strategy.

(5) For the most part, the Compulsory CAP assignment will be graded on the number of errors you make. Generally speaking, you will be penalised ½ mark per error or mistake made. As the assignment is worth 20 marks in total, 40 or more errors or mistakes will result in zero marks. Penalties will be imposed for failure to set switches, or submit documentation, exactly as asked. And remember, document formats other than PDF will not be accepted.

(For example, an assignment where 34 out of 68 debit / credit entries are correct would NOT score 10 out of 20 marks. Instead, such an assignment would score 3 out of 20 marks. Balanced against this tough marking policy are two important factors. First, you have had a long time to prepare for this assignment. Second, YOU decide which assignment attempt to submit. If you are unhappy with the number of errors you make, you have the option of attempting the assignment again, provided you can still meet the submission deadline.)

(6) Finally, please remember that only CAP version 10.0 is to be used for this assignment. Remember also that all case studies other than Exam Submit will be automatically disqualified. There will be no opportunity to resubmit a disqualified assignment submission.

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