School of Accounting and Finance

MBA504 ACCOUNTING & FINANCIAL

MANAGEMENT

ASSIGNMENT201360

The assignment questions are listed in the subject outline. This document is a scanned copy of the questions.

The text for this subject is now the 16th edition of Horngren.

This subject was planned using the 15th edition but at the last minute – literally – the 16th became available. So I decided to use the latest edition. The text assignment questions were already in the system and were set from the 15th edition. A scanned copy of these questions is provided below.

The text questions below are from the 15th edition of the text. Chapter numbers and topics are the same for each edition.

You may choose – it’s up to you – to paste the question with your answer – may be useful for exam revision purposes.

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Question 2:

15-2

15-5

15-12

15-23

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Question 3:

Spreadsheet

15-A1

Question 4:

16-5

16-7

16-33

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Question 5:

16-A1

Balance sheet and income statement

The Weikart Company had the following items on its December 31, 20X0, balance sheet and 20X0 income statement (in dollars except for number of shares outstanding):

Cash and equivalent $55,000Revenues 800,000Notes payable 51,000Long-term debt, excluding current portion 210,000Accounts receivable, net 48,000Provision for income taxes 60,000Other long-term assets 110,000Interest expense 55,000Deferred income tax liability-long-term 44,000Retained earnings 204,000Income taxes payable 37,000Cost of sales 470,000Inventories 36,000Prepaid expenses 15,000Common stock (50,000 shares outstanding) 25,000Property, plant, and equipment, at cost 580,000Accounts payable 43,000Interest income 15,000Goodwill, patents, and trademarks 75,000Current portion of long-term debt 16,000Less: Accumulated depreciation 170,000Selling and administrative expense 150,000Additional paid-in capital ?

Prepare in proper form the December 31, 20X0, balance sheet and the 20X0 income statement for Weikart Company. Include the proper amount for additional paid-in capital.

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Question 6:

Source: horngren, et al. (2011). Introduction to management accounting (15th ed., p.722). Pearson. Spreadsheet this example. Follow the assignment requirements closely. As usual, ensure that data entry and report areas are completely separate. As usual, provide a formula view.

16-56

Question 7:

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Question 8:

17-10, 17-14, 17-15, 17-17.Source: Horngren, et al. (2011). Introduction to management accounting (15th ed., p. 759). Pearson.

17-10

17-14

17-15

17-17

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Question 9:

17-34

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Question 10:

P10-2

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Question 11:

E17-18

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Question 12:

Conduct a web search for two of the following:

1 social and environmental accounting2 triple bottom line reporting3 history of accounting4 lean accounting5 panopticism and accounting control systems6 ethics and corporate failure7 business report writing.8 US reaction to proposed IFRS9 Accounting and Impression Management

Summarise the results of your research in about 300 words each.

Question 13:

1-3 (give examples)

1-23 (give examples)

2-8

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Question 14:

1-47

Question 15:

2-52

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Question 16:

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Question 17:

Business Report

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Question 18:

Multiple choice questions.

a. Write a brief explanation of the desirable features of well designed multiple choice questions (200 words). You may use the Internet as a resource for this part of the question.

b.  Create six (6) multiple choice questions in a spreadsheet. Each question must have five alternatives; the last alternative can be 'none of the above'.

c. The questions must be entered into a spreadsheet and pasted into your word document together with a formula view.

d. Three of the six questions must be practical calculation style questions. Three will be narrative style questions. All must be recorded in your spreadsheet.

e. The correct solution must be clearly identified by highlighting or bolding. f. Calculation questions must have workings shown on the spreadsheet and each of the

alternatives including the wrong alternatives (distracters) will be the result of a calculation.

g. The multiple choice and problem questions in your text, study guide and on the CDROM, or the online text support materials may provide ideas for you to create your own questions.

h. One week after the assignment due date please share your work with other students on the forum.

i. Each practical question must be completely formula driven and with a separate data entry area. 

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