Solution 1 ACC210 Assignment Semester 2 2016 Due Date Monday 10 October 2016 at 12 midnight Word count approx 1 500 words Weighting
Solution ACC Assignment Semester Due Date Monday October at midnight Word count
Solution ACC Assignment Semester Due Date Monday October at
Semester Due Date Monday October at midnight Word count approx words Weighting
Solution ACC Assignment Semester Due Date Monday October
at midnight Word count approx words Weighting
Solution ACC Assignment Semester Due Date
Solution ACC Assignment
(Solution) 1 ACC210 Assignment - Semester 2 2016 Due Date: Monday 10 October 2016 at 12 midnight Word count: approx 1,500 words Weighting:

Category: General
Words: 1050
Amount: $12
Writer:

Paper instructions

Question 1: (Approximately 400 words)   Queenslander Ltd operates a café and gift shop at Montville in the Sunshine Coast hinterland. You are the accountant for the company and the following items relate to the year ended 30 June 2016:   (a) Queenslander Ltd is the guarantor for an employee's bank loan. As the employee is in serious financial difficulties, you think it likely that he will default on the loan.  (b) As a gift from a very grateful and generous customer, Queenslander Ltd receives 500 shares in Walters Ltd which are currently trading at $2 per share.  (c) The company’s directors believe that the panoramic views of the Sunshine Coast hinterland from the windows of the café attracts a large number of customers.  Required: Explain how Queenslander Ltd should account for each of the above items. You should justify your answer by reference to the AASB conceptual framework's definitions and recognition criteria for assets, liabilities, income and/or expenses.1 ACC210 Assignment – Semester 2 2016 Due Date: Monday 10 October 2016 at 12 midnight Word count: approx 1,500 words Weighting: 30% The assignment requires you to prepare answers to the following 4 questions. The assignment must be your own individual work, i.e. it is not a group assignment. If it is believed that a student has copied material from another student or any other source without appropriate referencing, the necessary action will be taken under the University’s Student Academic Integrity - Governing Policy : ( http://www.usc.edu.au/explore/policies-and-procedures/student-academic-integrity- governing-policy ). Therefore, it is critical that you provide complete referencing for any and all sources of information that you use in preparing your assignment. This includes both in-text references and a list of references at the end of your assignment. Please contact your local campus lecturer/tutor if you have any queries about referencing. Alternatively, you can post your query to the Discussion Board on the course Blackboard site. Other general points about the assignment: ? The assignment should only be submitted electronically via Safe Assignment on the ACC210 Blackboard site. If you wish to apply for an extension to your submission date, please email Peter Baxter ( [email protected] ) to explain the circumstances and attach any necessary supporting documentation. ? Late penalties will be applied for assignments submitted after 12 midnight on Monday 10 October without an approved extension. More details on late penalties are provided in the course outline. ? It is not necessary to include an overall introduction and conclusion for the assignment. ? The suggested word count for each of the 4 questions provides you with a guide to the approximate number of words that you should use in answering each question. The suggested total word count is approximately 1,500 words. But if your word count is above 1,800 words, we will not continue marking your assignment after reading that number of words.

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