ACCT605 Managing Accounting Information Semester 1 2019 Assessment Task 2 – Group Assignment

ACCT605 Managing Accounting Information Semester 1 2019
Assessment Task 2 – Group Assignment

Due date:
Weighting:
Length and/or format:
How to submit:
12 May 2019 (Sunday), Week 10, 23:00 hour
20%
2000 words (excluding reference list and appendixes)
A group member represents the whole group to upload this assignment onto LEO
through Turnitin system with the file name as ACCT605_groupNumber.docx.

Group Work
Students are required to form a group that will work together on this assignment. Organising and monitoring
contributions by group members to the assignment as well as resolving conflict are important skills developed
through group work. The mark awarded for this work will be based on the written submission. All members of
the group will receive the same mark. However, if disputes arise between group members and cannot be
resolved within the group, the lecturer in charge will proffer mediation and, if necessary, make a decision about
the proportion of marks awarded to individuals. The maximum number of group members is four (4).
Format
The group assignments should:
1. be typed using 1.5 spacing justified
2. use Ariel font size 11
3. display a 2.5 cm margin for all sides
4. include page number
5. quote the references in Harvard Style format
Burwood Health is a small medical centre with five doctors (GPs). Dr Brown, the owner of the medical centre,
will start his business in July this year. There will be five doctors and two receptionists in his medical centre. The
consultation fees will be paid in three categories; bulk bill; patients pay in full amount or patients pays the gaps.
Dr Brown has requested your IT consulting team to set up a general ledger accounting package for Burwood
Health. In this project, your team is asked to do the following tasks.
A. Write a proposal for Burwood Health accounting systems. In your proposal, you should include:
a. comparison of general ledger accounting packages,
b. the justifications of the selected package,
c. the cost of the selected general ledger accounting package,
d. technical requirements,
e. training strategy.
B. In your proposal, discuss the following features of the selected general ledger accounting package:
a. Ease of installation,
b. Flexibility in initial setup of the chart of accounts and during subsequent modifications,
c. Frequency of updates from subsystems (invoices, cash receipts, payrolls etc)
d. Report flexibility (how easy it is to design reports, etc)
C. Provide samples of statements of financial position, financial performance and a cash flow statement
for which of these reports will be generated by your selected general ledger accounting package. List
all these sample statements in the Appendix section of your proposal.
Marks will be allocated as below.
A. Proposal [8 marks]
B. Features Discussions [6 marks]
C. Financial Statements Samples listed in the appendixes [3 marks]
D. Use of academic and accounting discipline conventions and sources of evidence [3 marks]
Word limits
Word limits will be enforced with penalties. The marking penalty for exceeding the word limit will be calculated
as follows: 5% of the total available marks for the piece of work will be deducted from the student’s mark for
each 10% by which the number of words in the student’s piece of work exceeds the relevant word limit.
Late submission of assignment
Unless an extension is granted, this assignment submitted after the due date will incur a 5% per calendar
day penalty based on the maximum marks available for that assessment task. This penalty will run up to a
maximum of 15%. Assessment tasks received more than three calendar days after the due or extended date
will not be allocated a mark. Note: The 5% penalty will be incurred for each whole or part of a calendar day that
the work is overdue.
Extension for an assignment
For extension of time for assessments, please go to the Assessment and Assignment Forms page of the ACU
website. Timely submission is critical.
Rubric – Assessment Task 2: Group Project
This rubric is indicative of the rubrics that will be used to assess this assignment. In order to ensure the assignment is indicative of the current accounting environment, minor changes may be made to reflect
these. A final version of this rubric will be made available at the time the assignment document is available.

ILOs Criteria Standards
Below Expectations Meets Expectations Exceeds Expectations
Level 1 (e.g. NN) Level 2 (e.g. PA) Level 3 (e.g. CR) Level 4 (e.g. DI) Level 5 (e.g. HD)
LO1, LO4,
LO5
Proposal Shows little to no
understanding of accounting
related terminology, GAAP,
or understanding
accounting’s role and function
in business practice.
Shows a basic understanding of
accounting related terminology,
GAAP, or understanding
accounting’s role and function in
business practice.
Shows a good
understanding of
accounting related
terminology, GAAP, or
understanding
accounting’s role and
function in business
practice.
Shows a well-developed
understanding of
accounting related
terminology, GAAP, or
understanding
accounting’s role and
function in business
practice.
Shows an excellent
accounting related
terminology, GAAP, or
understanding
accounting’s role and
function in business
practice.
LO2, LO3 Feature discussions Shows little to no
understanding of the features
of the selected accounting
package.
Shows a basic understanding of
the features of the selected
accounting package.
Shows a good
understanding of the
features of the selected
accounting package.
Shows a well-developed
understanding of the
features of the selected
accounting package.
Shows a well-developed
understanding of the
features of the selected
accounting package than
required.
LO3 Financial
Statements Samples
Shows little to no
understanding of the
elements of the Financial
Statements or how to
interpret the information
contained on the Financial
Statements.
Shows a basic understanding of
the elements of the Financial
Statements or how to interpret
the information contained on the
Financial Statements.
Shows a good
understanding of the
elements of the Financial
Statements or how to
interpret the information
contained on the
Financial Statements.
Shows a well-developed
understanding of the
elements of the Financial
Statements or how to
interpret the information
contained on the Financial
Statements.
Shows a fully
understanding of the
elements of the Financial
Statements or how to
interpret the information
contained on the
Financial Statements.
LO2 Use of academic and
accounting discipline
conventions and
sources of evidence
Poorly written with errors in
spelling, grammar.
Demonstrates inconsistent
use of good quality, credible
and relevant research
sources to support and
develop ideas.
There are mistakes in using
the Harvard style for
referencing.
Is written according to academic
genre (e.g. with introduction,
conclusion or summary) and has
accurate spelling, grammar,
sentence and paragraph
construction.
Demonstrates consistent use of
credible and relevant research
sources to support and develop
ideas, but these are not always
explicit or well developed.
There are no mistakes in using
the Harvard style for referencing.
Is well-written and
adheres to the academic
genre (e.g. with
introduction, conclusion
or summary).
Demonstrates consistent
use of high quality,
credible and relevant
research sources to
support and develop
ideas.
There are no mistakes in
using the Harvard style
for referencing.
Is very well-written and
adheres to the academic
genre.
Consistently demonstrates
expert use of good quality,
credible and relevant
research sources to
support and develop
appropriate arguments
and statements. Shows
evidence of reading
beyond the key reading.
There are no mistakes in
using the Harvard style for
referencing.
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