ACCT6003 Financial Accounting Processes.
ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 1 of 4
| ASSESSMENT BRIEF | |
| Subject Code and Name | ACCT6003 Financial Accounting Processes |
| Assessment | Assessment 3 – MYOB Practice Set |
| Individual/Group | Individual |
| Learning Outcomes | This assessment addresses the following subject learning outcomes: (b) Complete an accounting cycle using a computerised accounting software. |
| Submission | Online via Perdisco by Sunday of week 10, 11:55pm AEST/AEDT |
| Weighting | 15% |
| Total Marks | 100 marks |
Instructions:
• Register an account on Perdisco’s website: https://www.perdisco.com/au/default.aspx. Upon
registration, enter the required information (university name, email address, your name on
student ID, student ID number, subject (ACCT6003), campus, etc.)
• Once completed the registration, email your username to your lecturer before the end of
week 1. Your lecturer will then email you a unique free access code to the practice during
week 2 – you do not need to pay for this practice.
• Once received the access code, login to your Perdisco account and click on “Add a Product”
on the top right corner, then enter the access code.
• Start the practice set by following the instructions on Perdisco’s website. You have two
attempts for this practice, and only the best result will be recorded for your assessment marks.
This practice set is a large activity with students expected to take 20 study hours to complete
over many days or weeks.
• Please read and follow all instructions provided on Perdisco’s website and regularly back up
your company file to prevent accidental loss of work. The practice set has been carefully
designed so that all the information required is in on the exact page that it is needed. If you
do not understand an instruction, you may go to the MYOB Learning Centre
(www.perdisco.com.au/myobLearning), your ACCT6002 notes and textbook as well as any
other study materials before proceeding. If you need any technical support, please email
Perdisco’s support team: support@perdisco.com.
ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 2 of 4
• This is an independent assessment and therefore the lecturer will not provide specific
guidance in the process. When completed the practice, you do not need to submit any file to
the lecturer, as all marking is done automatically by Perdisco. Your lecturer will receive your
results directly from Perdisco. Any breach of Academic Integrity Policy will be investigated and
penalised in accordance with Academic Integrity Procedures.
ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 3 of 4
Learning Rubric: Assessment 1
| Assessment Criteria | Fail (Unacceptable) 0-49% |
Pass (Functional) 50-64% |
Credit (Proficient) 65-74% |
Distinction (Advanced) 75 -84% |
High Distinction (Exceptional) 85-100% |
| Content and purpose of MYOB practice questions 10% |
No or little awareness of the content and/or requirements of MYOB practice questions |
Understanding questions requirements, and relating requirements to relevant study modules covered in the subject. |
Identifying and understanding the rationale of questions requirements. Being able to fully relate questions requirements to relevant modules |
Being able to interpret and explain the rationale of requirements, how these requirements relate to different financial accounting concepts, techniques and processes |
Fully understanding requirements regarding financial accounting concepts, techniques and processes Interpreting and linking technical aspects of MYOB practice questions |
| Knowledge and understanding of financial accounting concepts and processes |
Limited awareness of relevant financial accounting information required for MYOB practice questions. Difficulty and/or confusion in identifying correct financial accounting concepts, tools and processes required for MYOB practice questions |
Satisfactory understanding and being able to identify relevant accounting information for MYOB practice questions. Satisfactory understanding a range of financial accounting techniques and processes available for generating and analysing information |
Thorough understanding rationale for selecting specific financial accounting tools and processes Thorough understanding and being able to explain quantitative and qualitative characteristics of financial accounting information useful |
Highly developed understanding the financial accounting concepts, techniques and processes. Being able to justify selection of specific accounting tools and processes |
Sophisticated understanding financial accounting concepts, techniques and processes, and accounting information required for solving practical problems Being able to critically justify selection of applicable accounting tools and processes |
ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 4 of 4
| 40% | Ability to use appropriate financial accounting techniques and processes |
reporting of compnaies |
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| Analysis and application of relevant financial accounting concepts, techniques and processes 50% |
No or little use of financial accounting information for MYOB practice questions Difficulty and/or confusion in preparing financial accounting reports Difficulty and/or confusion in identifying and applying correct accounting procedures |
Applying correct steps in preparing financial accounting reports Applying appropriate accounting procedures |
Identify and explain quantitative and qualitative characteristics of financial accounting information, which are useful for reporting of compnaies |
Analysing quantitative and qualitative characteristics of accounting information, and applying analysis to solve practical problems Correctly preparing and interpreting different financial accounting statements. |
Correctly preparing and interpreting different financial accounting statements Critically justifying business decisions using relevant financial accounting information |
ACCT6003 Financial Accounting Processes
