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Q1 Worksheet and financial reports (12 marks) Write a business report (about 600 words) critically evaluating spreadsheets as a tool for accounting. Use Internet resources. Include a section on the...

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Q1 Worksheet and financial reports (12 marks)
Write abusiness report(about 600 words) critically evaluating spreadsheets as a tool for accounting. Use Internet resources. Include a section on the advantages and disadvantages of spreadsheets. Refer to the Internet for advice on Business Report structures. ReferenceALLyour sources.

Q2 Computers and Accounts receivable (6 marks)

Explain how computers have become essential to online retailing. Use eBay as an example.

Q3Dishonour of a note receivable (8 marks)

Write a narrative which includes a credit sale, a conversion to a Note receivable, the dishonour of the note and subsequent delayed payment. Then show the T accounts derived from your narrative. Create your own simple numbers.

Q4Work Integrated Assessment case study (12 marks)

Wesfarmers Annual Report 2017
Learning Objectives: The subject you are studying is vocational. It is designed with the workplace in
mind. Work integrated assessment provides opportunities for students to link theory and skills learned
in a subject to a real work context. Students can use these opportunities to develop and practice the
professional and academic skills they learn about in a subject or through the online environment and
then be assessed on their capabilities in these simulated authentic environments. Work integrated
assessment allows students to simulate and situate their learning in an authentic workplace that
encourages them to explore their knowledge and apply it to practice. Integrating real world, authentic
assessment tasks allows students to learn about the particular environments and culture of their chosen
professions, while at the same time absorbing and practicing the skills they need to succeed. Doing
these tasks can help students develop skills that can help their employability.
Resources for this task include the 2017 Annual Report for Wesfarmers.

Assume you are an investment advisor with accounting expertise. Present abusiness reportanalysing Wesfarmers as a shareholder investment. Include in your report the range of Wesfarmers activities, sustainability issues, financial information and your own charts created from Wesfarmers data using Excel. Show these charts with the data selected by you. Show two different chart styles. Ensure you use a business report format. Include images in your report,

You report will be about 600 words excluding appendices, charts and images.

Find the Wesfarmers 2017 Annual Report on the web.

www.wesfarmers.com.au/docs/default-source/default-document-library/2017-annual-report.pdf



Answered Same Day Apr 30, 2020

Solution

Aarti J answered on May 04 2020
137 Votes
Q1 Worksheet and financial reports (12 marks)
Write abusiness report(about 600 words) critically evaluating spreadsheets as a tool for accounting. Use Internet resources. Include a section on the advantages and disadvantages of spreadsheets. Refer to the Internet for advice on Business Report structures. ReferenceALLyour sources.
With the changing technology, the accountants are shifting towards the use of spreadsheets. Spreadsheets are considered as an automated version of the accountants’ ledger. The spreadsheets is the sheet which is made of different rows and columns of the numerical data. Spreadsheet has replaced the manual accounting as well as the calculators and have become s tool which helps in analysing and evaluating the numerical information of the corporations. The spreadsheets are used in different forms and helps in cash flow analysis of different projects, preparing the budgets, analysing the inventory and financial planning.
Advantages:
Some of the major advantages of using the spreadsheet includes:
Spreadsheet is the tool which helps in easy copying and pasting of the data from one place to another. It also helps in facilitating in deleting the table entries. The spreadsheet helps in easy formatting design and appearance of the table. The spreadsheet helps in different analysis tools such as what if analysis, sensitivity analysis and helps in changing the values and analysing different results. The spreadsheet has the ability to open and operate on multiple spreadsheet at one time. It helps in multi-processing. It is highly used by individuals and small data analysts as it is one of the quickest tool and help in quick data analysis.
Disadvantages
Though spreadsheet has helped the people to easy with the working and analysing the data. The use of spreadsheet is more vulnerable to fraud. It encourages fraudulent manipulations. As it is automated and requires the data entry, it is more susceptible to human e
ors. As the data entry done in the spreadsheet is usually large, it is quite difficult to troubleshoot or test the e
or which is there in the spreadsheet and the data used for analysis. One...
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