1. What are the three major economic systems that nations utilize, and what is the role of each? How does each affect and influence individuals, multinational managers, and corporations? Your response should be at least 200 words in length.
2. How would you define ethical convergence? What are the four basic reasons for ethical convergence? Which might be the most difficult for multinational companies to follow, and why? Your response should be at least 200 words in length.
3. Describe the four major world religions. What are the impacts of each religion type on an economic environment? What do you think makes religion a concern in societies? Your response should be at least 200 words in length.
4. If you were a multinational manager, and you encountered an ethical dilemma within the multinational company, what heuristic questions would you use to decide between ethical relativism and ethical universalism? Of the different heuristic questions, which one do you think is most important? Explain your reasoning. Your response should be at least 200 words in length
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services What are the three major economic systems that nations utilize, and what is the role of each?
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services What are some strategies you, as a health care manager, can use to overcome human resources challenges?
It is necessary to understand that there is more than just file vulnerabilities in order to recognize the brevity of a situation involving an operating system attack that can render an entire system compromised.
Using the GCU library, research the security differences between the Windows and the Linux operation system. In 500-750 words, address the following:
Proactive and reactive defensive tools provided by the operating system vendors themselves
Third-party tools that further assist in mitigating cybersecurity threats
Different methodologies used by hackers who have found a way to penetrate both operating systems
At least one chart detailing the severity of at least five vulnerabilities found throughout your research, including descriptions of the potential side effects of the vulnerability becoming active
At least one table outlining differing types of vulnerabilities for each operating system; within the table, including solutions to these vulnerabilities in the form of tools provided by the operating system vendor or third party vendors who provide mitigation tools for the vulnerability you list
Evidence that exposes any trends found regarding each operating systems security efforts
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
This benchmark assignment assesses the following programmatic competencies:
MS Cybersecurity
1.2: Apply appropriate qualitative and quantitative analytic methodologies to predict trends and communicate security strategies to meet business objectives
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Proactive and reactive defensive tools provided by the operating system vendors themselves
Identity theft is becoming more common as technology continues to advance exponentially. Mobile devices, applications, and email make it more convenient for individuals to access records and financial accounts, but also increase the risk of identity theft.
As the CISO, you will be drafting an incident response plan to address identity theft for your financial organization.
Identity Theft Response is the second of four sequential projects in this course. The final plan will be about 10-12 pages in length. There are 16 steps in this project and it should take about 14 days to complete. Begin with Step 1, where you will identify types of cyberattacks in which personally identifiable information could be vulnerable.
Competencies
Your work will be evaluated using the competencies listed below.
· 1.3: Provide sufficient, correctly cited support that substantiates the writer’s ideas.
· 2.2: Locate and access sufficient information to investigate the issue or problem.
· 8.4: Design an enterprise cybersecurity incident response plan.
Since this project will require an enterprise cybersecurity incident response plan with considerations specifically to identity theft, types of attacks must be identified. In a table or spreadsheet, identify the types of attacks that could result in denial of access to or theft of PII (personally identifiable information). Consider both internal and external incidents and those associated with employees and/or customers. Submit your list of potential PII attacks for feedback from your CIO (course instructor).
Submission for Project 2: Potential PII Cyber Incident List
Previous submissions
0
Top of Form
Drop files here, or click below.
Add Files
Bottom of Form
You will build upon this list of identified attacks throughout this project to form your Incident Response Plan. In the next step, industry-specific standards related to these types of attacks will be addressed.
Step 2: Align Industry-Specific Standards
Now that you have identified potential attacks in the previous step, you should research and identify state or federal government standards established for the protection of PII (where they exist) as well as industry codes. Keep in mind that while you are concerned in particular about standards that govern the financial industry, there are different standards specific to other industries. As a CISO, you need to be aware that regulations can vary—for example, standards are different in the health care field.
Add an additional column to the prepared list of potential types of PII attacks from the previous step. In this second column, note what standards might be required when addressing each incident type. You should align government-mandated and sector-voluntary standards to the PII attacks identified.
Refer to the provided industry-specific regulations for additional background on existing regulations. As you consider standards for your organization, continue building upon this table in the next step.
Step 3: Exceed Policy Standards to Fulfill Company Demands
In the previous step, you identified the policy standards for relevant PII attacks. In this step, address any types of attacks that were not aligned in the previous step or those in which given standards are considered inadequate by senior leadership. As CISO, you are aware of your organization’s expectations to guarantee the highest level of security for the organization and individuals in regards to theft of PII (personally identifiable information).
To complete this phase of the project, you will add an additional one to two columns to include upgraded or superior solutions on items considered to still be vulnerable. The alternatives that you add should reflect your organizational demands, initiatives, and vision. You will assess and prioritize this list of solutions in the next step.
Step 4: Assess Alternatives
Now that you have created a list of alternative solutions, assess your recommendations and prioritize them in a final column. Prioritize each alternative by placing a number “1” next to the first priority, a number “2” next to the second, and so on.
To the right of the prioritized solutions, in a sentence or two, state why you selected that alternative in that particular position. Submit the updated PII Solution Alternatives Table for feedback.
Submission for Project 2: PII Solution Alternatives Table
Previous submissions
0
Top of Form
Drop files here, or click below.
Add Files
Bottom of Form
This table will be used as an appendix in your final Incident Response Plan. In the next step, you will begin to develop a strategy for breach management.
Step 5: Complete the Executing the Response to a Cyberattack eLearning Module
So far, you have identified potential PII attacks and developed a set of PII solution and prevention alternatives. Before outlining a strategy for breach management, review Executing the Response to a Cyberattack. A response to cyberattack typically includes prevention measures, which you have already considered, but it also includes defense, detection, recovery, and response concerns. These areas should be developed with business considerations and subject to the advice of company leaders.
Now that you have become more familiar with an overview of how to execute a response to a cyberattack, proceed to the next step to outline a breach management strategy.
Step 6: Outline Breach Management Strategy
The next several steps will fit the alternatives into a breach management strategy. Strategic thinking can be challenging in a project environment. A “project” is work- and task-oriented, and it includes specific deliverables produced within a defined timeframe. Such projects have a limited budget and are developed to exact specifications. This project’s charter is to present a strategic view of responding to a potential breach in the area of the system containing PII.
This section of the planning should explore areas other than cyber technology. It is about policies, required and recommended, that expand the project notes you have been creating to address corporate concerns outside of the technology realm, such as legal implications, reporting, etc.
Briefly outline, for use in the next few steps, a strategic approach in response to a breach allowing access to PII—customers and/or employees. Think of the policy aspects that will have to be addressed. You will continue to use the findings determined here and over the next few steps to produce a breach management strategy.
Breach management options will be considered in the next step.
Step 7: Determine Breach Management Options
Using the outline of the strategic approach developed in the previous step, determine both the technical and strategic options available in addressing a breach of PII. The eventual goal is to help senior management understand the level of effort required in an appropriate response to a breach. Take note of these options for future use.
Once complete, you will be ready to research legal issues in the next step.
Step 8: Research Breach Management Legal Issues
With breach management options identified in the last step, begin to research associated legal issues. Breach management in response to exfiltration of PII is well documented in a legal context. Multiple resources are available that address the issue. This section of your research and breach management strategy report should carefully identify all the concerns being raised in the courts surrounding previously documented cases.
The idea is to find evidence of court cases being litigated that are a result of a PII breach—not necessarily the outcomes of those legal proceedings. Identify the issues that your policy strategy should address and draft a discussion. This discussion will be used in a future report. After considering legal issues, move to the next step, which will be a look at cyber insurance.
Step 9: Research Breach Management Cyber Insurance Options
Redirect the research from legal issues in the last step to cyber insurance options in this step. As the number of PII breaches grows, so does the new industry of cyber insurance. Draft several paragraphs that state the options now available for this component of risk mitigation. Be sure to include what is covered by most readily available insurance policies, as well as what is not covered.
As an example: Is the institution covered for a customer PII breach if it is determined the breach was caused by an employee? The intent is not to make you a cyber insurance expert, but to offer senior leadership some of the strategic, big-picture options. This draft will be used in a future report.
In the next step, you will research the regulatory requirements of breach management.
Step 10: Research Breach Management Reporting and Other Requirements
Publicly traded enterprises and health care organizations are subject to governmental regulations and requirements where PII is concerned. In addition, some industries voluntarily impose standards upon their members. This is the section of the breach management strategy to address those issues.
What are the minimum reporting requirements applicable to financial institutions (in this case)? What standards are in place that must be met to prevent additional damage to the institution in the way of fines, warnings, or other sanctions as a result of noncompliance with regulations on reporting the breach?
Actual requirements for other industries could be similar, overlapping, or not, determined by the business sector, inclusion in critical infrastructure classification, and a number of other factors. The financial sector is our example for this project and not to be considered comprehensive or all-inclusive across all sectors.
In the next step, you will compile the report on breach management strategy.
Step 11: Compile the Breach Management Strategy Report
After considering the elements of breach management strategy over the last several steps, compile all drafts and revise into a complete five- to seven-page Breach Management Strategy that will present policies to senior leadership for the response to a PII breach.
You will need to include an overview of your strategic approach, options available, legal issues, cyber insurance, reporting and other requirements, and finally the proposal. Your proposal should identify issues/impacts with mitigation strategies, and include regulatory responses where they exist. Note how financial industry reporting requirements differ from health care or other industries.
Submit the Breach Management Strategy for feedback. This report will help complete your work on the final incident response plan.
Submission for Project 2: Breach Management Strategy
Previous submissions
0
Top of Form
Drop files here, or click below.
Step 12: Compose Policy Components of an Incident Response Plan (IRP)
Now that you have a proposed breach management strategy, you are ready to begin development of an incident response plan (IRP) specific to a breach of PII. Compose the key policy components of an incident response plan in a list to be used as a basis for the next step.
Step 13: Itemize the Steps of an IRP
Start at the key policy component list from the last step and add postincident requirements already identified to itemize the actions it will take to accomplish these goals. Keep in mind the level of effort required and time involved to accomplish each element of the IRP.
You now have all the information necessary to create a comprehensive IRP. To get your mind set in the right direction, imagine that a breach affecting PII has occurred. It is the organization’s worst cyber incident. What do you do? How does the organization respond? What steps need to be taken to meet all the requirements you have identified in the Breach Management Strategy?
This step is to create a list or an outline; the use of a spreadsheet is recommended to facilitate subsequent steps in the project. The primary column is all of the actions or tasks that need to be completed in the IRP. As part of this first list, identify what department is responsible for what action by considering the functional areas of a financial institution.
You will build upon this list in the next step by adding the element of time to your spreadsheet documentation.
Step 14: Assign a Typical Timeline for an IRP
As a result of your Breach Management Strategy, are there specific timelines required by the regulatory compliance you referenced? If so, that should be your starting point for creating the IRP timeline. These are referred to as project “milestones.” Look at the list you created in the previous step and put those milestones in a required response time sequence.
When building the timeline, pay attention to elements that depend on previous elements—things that must be completed before a following action can be started. In project management, these are referred to as “critical path” items.
This section of creating the IRP must have all critical path items covered within regulatory milestones. It is not mandatory to assign perfect values to the actual time it takes to accomplish each action item. It is mandatory to show the milestone dates.
As an example, one reporting requirement for a financial institution suffering a PII breach is likely to be to notify all affected customers within 72 hours of the breach. That means you will have a customer notification milestone at three days in the IRP.
After you have added the milestone dates to your spreadsheet documentation, you will plan for implementation of the incident response plan in the next step.
Step 15: Plan for the IRP Implementation
This is the step where you tie together the requirements (milestones), the timeline (critical path), and which department will be responsible for what elements in the plan (accountability). Ensure all of the rows and columns in the spreadsheet are in alignment to accomplish the goal of minimizing the impact of the PII breach. It is the final step in creating the IRP. This spreadsheet will be included in your final IRP.
Now, it is time for the final step, in which you will explain the results of all your hard work on the IRP to senior leadership.
Step 16: Complete the Incident Response Policy Plan (IRP)
The resulting IRP should be a total of 10 to 12 pages that present an actionable plan to fully address a breach of the organization’s PII. It should include a final paragraph on your thoughts about how the recommendations are likely to be received.
This final step is to bring all the work together. Use what has been created in the previous steps as detail to support your completed plan on incident response. Synthesize the material and include all CIO (instructor) feedback received.
Include in your comprehensive IRP the review and findings from a policy approach to maintain or exceed compliance with all regulatory demands. In addition, demonstrate your adherence to the best possible outcome for victims of a PII breach.
Remember, confidence in and approval of the approach is mandatory. It has already been determined that a breach of the organization’s PII is a serious matter. The CEO and the rest of the executives are depending on your expertise to address the situation quickly and effectively. This IRP is that plan of action.
Submit the complete report to the CIO for approval and delivery to the senior leadership team.
Check Your Evaluation Criteria
Before you submit your assignment, review the competencies below, which your instructor will use to evaluate your work. A good practice would be to use each competency as a self-check to confirm you have incorporated all of them. To view the complete grading rubric, click My Tools, select Assignments from the drop-down menu, and then click the project title.
· 1.3: Provide sufficient, correctly cited support that substantiates the writer’s ideas.
· 2.2: Locate and access sufficient information to investigate the issue or problem.
· 8.4: Design an enterprise cybersecurity incident response plan.
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Identity theft is becoming more common as technology continues to advance exponentially
Project: You will finish your Key Assignment project in this last week, which was to develop an Operating Systems Design Document with your proposal for an enterprise that you selected by looking at emerging technologies and architectures to see how they might support future requirements.
In the previous 4 weeks, you were first asked to select a real or fictitious enterprise that plans to upgrade its operating systems for movement to a distributed and virtual environment. Each week, you contributed with proposals for particular components of the operating system that culminated in an overall Key Assignment operating systems design report as follows:
Part 1 Tasks (Objectives from Week 1–4):
Week 1: Description of the enterprise operating system’s overall technical challenge and the proposed solution as it relates to the processor and core in a distributed environment
Week 2: Description of the proposed solutions as they relate to scheduling algorithms
Week 3: Description of the proposed solution as it relates to an operating system concurrency mechanism
Week 4: Identification of security risks and mitigation strategies to deal with the risks
Part 2 Tasks (Objectives for Week 5):
finally, you are given the assignment to explore emerging computing technology and computer system architectures to assist you in making recommendations on how to extend present operating system functions to support new requirements. This is your final assignment, which is a proposal based on what you perceive are the present operating system challenges as well as near future challenges for the enterprise you selected.
The project deliverables are the following:
Update the Operating Systems Design Document title page with the new date and project name.
Update the previously completed sections based on instructor and peer review feedback.
Add the following new content:
Future considerations using emerging technology
Identify and describe at least 3 emerging technologies or architectures that have the potential for supporting future requirements.
Discuss the specific current or future enterprise strategic requirements that could benefit from the emerging technologies
Discuss the potential benefits for adopting these emerging technologies.
Name the document “YourName_CS_IP5.doc.”
Submit the document for grading.
Please submit your assignment.
For assistance with your assignment, please use your text, Web resources, and all course materials
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Develop an Operating Systems Design Document with your proposal for an enterprise that you selected by looking at emerging technologies and architectures to see how they might support future requirements
Assessment Weight: 50 total marks Instructions: • All questions must be answered by using the answer boxes provided in this paper. • Completed answers must be submitted to Blackboard by the published due date and time. Submission instructions are at the end of this paper. Purpose: This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit
Question 1 (7 marks) Miss Nancy started a lawn moving business in Gold Coast, Queensland, Australia. For this purpose, she purchased a group of new lawn mowers for $20 000. The accountant of Miss Nancy told her that she must have to decide the useful life and residual value of these new lawn mowers. After an initial consultation with the stakeholders, she decided that the mowers to last five years and have negligible resale value at that point. The business plan projects cutting 5000 lawns over five years. The yearly projection is as follows: • 1st Year: 500 lawns, • 2nd Year: 1 000 lawns, • 3rd Year: 1 200 lawns, • 4th Year: 1 800 lawns, and • 5th Year: 500 lawns. Required:
Calculate the accumulated depreciation balance at the end of the second year using each of the following depreciation bases: (a) straight-line [1.5 Marks]; (b) reducing balance (25 per cent rate) [2 Marks]; and (c) units-of-production [1.5 Marks].
Based on your calculations, which depreciation basis would produce the highest retained profits at the end of the second year? (2 Marks) ANSWER: ** Answer box will enlarge as you type Question 2 (7 marks) We have discussed the accounting for liabilities in Week 10 and 11. Based on this discussion, please explain the relationship between liabilities and expenses. Provide five examples where they both increase at the same time (4 Marks). Why are some liabilities interest-bearing and others are not (3 Marks). [Words Limit: Up to 100 Words] ANSWER: Question 3 (11 marks) The accountant of ABC Limited has prepared the following unadjusted trial balance of ABC Limited on 30th June 2021. Yellow Limited TRIAL BALANCE AS AT 30th JUNE 2021 Accounts Debit ($) Credit ($) Cash at bank 13 985 Account receivables 26 200 Prepaid insurance 3 900 Office Supplies 4 680 Office equipment 14 100 Accumulated depreciation – equipment 2 850 Accounts payable 315 Salary payable Unearned service revenue 1 230 Loan payable 10 500 Capital 33 300 Drawings 60 000 Service revenue 159 270 Salary expenses 66 000 Depreciation expenses – equipment Miscellaneous expenses 18 600 TOTAL 207 465 207 465 The following additional information is available at the end of June for adjustments: • Mr Emmanuel is working as the inventory clerk. He performs the physical count of the office supplies on 30th June 2021. This physical count reveals that the unused office supplies of $550 are on hand. • The rate of depreciation for the office equipment is 15% per annum and ABC Limited used the straight-line method of depreciation. • Of the $1230 unearned service revenue, $300 is still unearned • 60% of prepaid insurance is expired during this period. • Salaries owed but not yet paid $1920. • Provided consultancy service of $2000 on credit. This was not recorded for the month. Required: a) Prepare adjusting entries at the end of 30 June, 2019. (6 marks) b) Calculate the balance of the total revenue of the company after adjustment. (2 marks) c) Explain why accrual accounting adjustments are required? (3 marks) ANSWER: Question 4 (11 marks) HARDA Limited is a retailer of office stationery and art supplies. The internal auditor of the business is concerned about the inventory management of the speciality pen (a product with the highest level of sale). The following information is extracted from the records of HARDA Limited. The company uses the perpetual inventory system to record the inventory of its products. Its monthly reporting date is 30 October. Date Purchased Sold Balance 1/10 600 @ 5.00 6/10 400 @ 5.20 15/10 800 @ 10 20/10 600@4.75 25/10 400@12 30/10 100 (Sales Return from 25/10 Sales) Total 1000 1100 Required: a) Complete the inventory stock record below for the speciality pen of HARDA Limited. All transactions occurred in the month of October. Ignore GST. (7 marks) b) Calculate the Cost of Sales (COS) for 30 October, assuming the FIFO Method. (2 mark) c) Calculate the Ending Inventory on 30 October, assuming the FIFO Method. (2 mark) (Note: please write your answers in by completing the table, as provided below.) Date Purchases Cost of Goods Sold Balance Units Unit cost Total $ Units Unit cost Total $ Units Unit cost Total $
ANSWER: Question 5 (7 marks) The accountant of Paul Shop Fitter Private Limited has provided the following data on the Assets, Liabilities, Equity, Income and Expense amounts as at 30th June 2021. $ $ Equipment 221,800 Supplies 84,200 Prepaid Insurance 24,000 Cash in Bank 88,400 Accounts receivable 182,800 Accounts payable 101,100 Capital ? Bank loan 30,000 Service income 1,158,000 Salary expense 483,000 Advertising expense 15,000 Supplies expense 142,500 Required: a) Prepare a Balance Sheet in the narrative (vertical) format as at 30th June 2021. (5 marks) b) Explain what key information the Balance Sheet provides to users of the financial statements. (2 marks) ANSWER: Question 6 (7 marks) The bank statement balance and cash account balance do not agree. The owner of E-Bite Limited has requested to prepare a bank reconciliation to reconcile these balances. For this purpose, the following information is given. a) Deposits in transit are $9,800. b) Outstanding cheques totalled are $3200. c) The bank service charge is $24. d) The collection of note by the bank is $800. e) The bank statement balance is $9,000. f) The cash account balance is $14,824. ANSWER: END OF FINAL ASSESSMENT Submission Instructions: • Save submission with your STUDENT ID NUMBER and UNIT CODE e.g. EMV54897 HA1020 • Submission must be in MICROSOFT WORD FORMAT ONLY • Upload your submission to the appropriate link on Blackboard • Only one submission is accepted. Please ensure your submission is the correct document. • All submissions are automatically passed through SafeAssign to assess academic integrity
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Calculate the accumulated depreciation balance at the end of the second year using each of the following depreciation bases: (a) straight-line
AUDIT, ASSURANCE AND COMPLIANCE FINAL ASSESSMENT TRIMESTER TR2, 2021 Assessment Weight: 50 total marks Instructions: • All questions must be answered by using the answer boxes provided in this paper. • Completed answers must be submitted to Blackboard by the published due date and time. Submission instructions are at the end of this paper. Purpose: This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit
Adapted Harvard Referencing Holmes has now implemented a revised Harvard approach to referencing:
Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers.
The Reference list should be located on a separate page at the end of the essay and titled: References.
It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example; P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found. For example; “The company decided to implement an enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).” Non – Adherence to Referencing Guidelines Where students do not follow the above guidelines:
Students who submit assignments which do not comply with the guidelines will be penalised by 10% from total awarded marks.
Late penalties will apply per day after a student or group has been notified of a resubmission requirements. • Students whose citations are identified as fictitious will be reported for academic misconduct.
Question 1 (7 marks) a: Explain the ‘audit expectation gap’. What causes the gap? (3 marks) b: Potter and Partners are a chartered accounting firm with offices in capital cities in most states. The head of the business development department is seeking to grow the firm’s revenue from non-audit services. (4marks) Required: What non-audit services could a chartered accounting firm provide to its listed company clients? Explain why a company would buy these services from its audit firm instead of another consulting firm. ANSWER: ** Answer box will enlarge as you type Question 2 (7 marks) The audit team is preparing to audit a new client in the toy retail industry. The client imports items from manufacturers in several Asian countries and retails them in a chain of shops located throughout the country. You have access to the following information for the client: • prior period financial reports • anticipated results for the current year • industry averages. Required: Explain how you would use the information to understand your new client. ANSWER: Question 3 (7 marks) You are testing the controls over bank accounts for your audit client, Orleans Ltd. You note that the responsibility for bank reconciliations has changed due to a corporate reorganisation halfway through the current financial year. Both the staff member performing the bank reconciliations and the supervisor have changed. You are able to talk to only the current staff member and supervisor because the other staff took voluntary redundancies and left the client’s employment six months ago. Required: (a) What techniques are available to you to gather evidence about the bank reconciliations? Explain how you would use each technique and comment on the quality of the evidence obtained from each . (2 marks) (b) When you ask the employees responsible for bank reconciliations about how they perform the reconciliations there is a possibility that they will not tell the whole truth about their performance of the reconciliations. Given this, will you bother to ask them? Explain (3 marks) (c) Explain the impact of the staff changes on your controls testing program. (2 marks) ANSWER: Question 4 (7 marks) You are the senior in charge of the audit of Jewels Manufacturing Limited. The information below has been prepared to assess the going concern of the company at the planning stage of the audit and to identify other issues that may impact on audit risk. Ratio Unaudited 2020 figures 2019 2018 2017 Inventory turnover 1.45 1.83 2.69 3.35 Quick asset ratio 0.97 1.4 1.81 1.8 Accounts Receivable turnover 3.8 5.5 4.1 5.4 Required: Identify issues that affect going concern and/or raise issues and explain the audit steps that you would undertake to minimise audit risk. Complete the table below in the answer box. ANSWER: Question 5 (11 marks) Consider the following independent situations relating to the audit of five different audit clients for year ended 30 June 20X8. Assume that all the situations are material. (i) A new client has changed its valuation method of property, plant and equipment. It has adopted the Fair Value Revaluation Model to replace the Historic cost measurement method. Whilst the auditor does not object to the change in the valuation model, the new method has a material effect on the financial statements and has not been disclosed. A special meeting was held between the CFO and the Finance Team and the Lead Partner from the Audit team, but nothing was resolved. (2.75 marks) (ii) A new start-up company specialising in air-drone mail/package delivery has grown strongly in the past year. Over the past three years the company has made consistent losses, borrowed heavily, experienced staff turnover and dealt with some significant regulatory and operational issues. Nonetheless, the current CEO believes the company is turning around and will soon improve profitability. She is a high wealth individual who has invested more funds (equity) into the company, which is fully disclosed. No material misstatements were noted in the Auditor’s report. (2.75 marks) (iii) The Auditors of ROME, a high-profile bank, were unable to obtain sufficient and appropriate audit evidence concerning the carrying amount of ROME’s investment in ITA Pty Ltd as at 30 June 20X8. ITA Pty Ltd is a small firm of five financial planners in total. The auditors were denied access to the financial information of ITA, and they were not allowed to interview ITA’s Management. Consequently, the auditors were unable to determine the correct valuation of ITA Pty Ltd. (2.75 marks) (iv) The introduction of a new accounts receivable system in August 20X7 resulted in numerous errors in accounts receivable. As at the date of the Audit report, management was still in the process of correcting the system errors. As a result of these issues, the Auditors were unable to determine whether any adjustments are required in relation to the recorded or unrecorded inventories and accounts receivables, as well as the elements making up the Income statement and the Cash Flow statement. (2.75 marks) Required: For each of the above cases, state the appropriate audit opinion that the auditor would require. Give reasons. Write your answer in the answer booklet formatted following the table below: Client Audit Opinion Justification ANSWER: Question 6 (11 marks) ACCO Ltd is a large producer of organic medicinal products. The audit report for the year ended 30 June 20X8 was signed on 6 August 20X8 and along with the financial report was mailed to shareholders on 11 August 20X8. Consider the following independent events. Assume that each event is material. i. On 5 July, ACCO Ltd entered into a new contract to supply organic facial and skin treatment products to MYA, a new major department store. The contract was similar in nature to other contracts previously negotiated. (2.75 marks) ii. ACCO Ltd has invested significant funds in developing a new range of organically sourced skin cancer treatment ointments. On 8 July, ACCO Ltd applied for a patent for the ointment, only to discover that a competitor had lodged a similar application on 20 June. The granting of ACCO Ltd’s application is now in serious doubt. (2.75 marks) iii. Internal audit has uncovered a major fraud at one of ACCO Ltd’s branches. The fraud was perpetrated by two senior staff, acting in collusion over a number of years. The internal auditors released their report to management on 15 July, after a highly confidential investigation spanning several months. (2.75 marks) iv. One of ACCO Ltd’s major customers, Cheap Vitamins Pty Ltd, suffered a fire on 20 July. Since Cheap Vitamins Pty Ltd was uninsured, it is unlikely that their accounts receivable balance will be paid. (2.75 marks) Required: For each of the above events, state the appropriate action (if any) that the auditor would require. Give reasons. Client Subsequent Event Justification ANSWER: END OF FINAL EXAM Submission instructions: • Save document with your STUDENT ID NUMBER and UNIT CODE e.g. EMV54897 HI6026 • Document must be in MICROSOFT WORD FORMAT ONLY • Upload your document to the appropriate link on Blackboard • Only one submission is accepted. Please ensure your document submitted is the correct one. All submissions are automatically passed through SafeAssign to assess academic integrity
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Explain the ‘audit expectation gap’. What causes the gap?
MANAGERIAL ACCOUNTING FINAL ASSESSMENT TRIMESTER 2, 2021 Assessment Weight: 50 total marks Instructions: • All questions must be answered by using the answer boxes provided in this paper. • Completed answers must be submitted to Blackboard by the published due date and time. Submission instructions are at the end of this paper. Purpose: This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit
Assessment Design – Adapted Harvard Referencing Holmes has been implementing as a pilot program using a revised/adapted Harvard approach to referencing. The following guidelines apply: • Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers. • The Reference list should be located on a separate page at the end of the essay and titled: References. • It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example; P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf • All assignments will require additional in-text reference details, which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found. For example; “The company decided to implement a enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).” Non-Adherence to Referencing Guidelines Where students do not follow the above guidelines:
Students who submit assignments which do not comply with the referencing guidelines will receive a 10% penalty.
Students who submit assignments in which the citations are “fake” will be reported for academic misconduct. Question 1 (7 marks) Job cost sheets show the following information: Required: a) Which job(s) are still in process at the end of January, and what is the cost of this job(s)? (1 mark) b) Which job(s) were completed at the end of February, and what is the cost of this completed job(s)? (2 marks) c) What are the balances in the work in process inventory, finished goods inventory, and cost of goods sold for March? (1.5 marks) d) How does job costing in a service organisation differ from job costing in a manufacturing organisation? (2.5 marks) SHOW YOUR WORKING ANSWER: ** Answer box will enlarge as you type Question 2 (11 marks) a) Discuss the circumstances that would require a business to change from traditional costing to ABC costing? (2 marks) b) Takulah Co. Ltd has traditionally allocated its overhead based on machine hours but had collected this information to change to activity-based costing: Required: i) How much overhead would be allocated to each unit under the traditional allocation method? (2 marks) ii) How much overhead would be allocated to each unit under activity-based costing? (5 marks) iii) Would you recommend a change to ABC costing for this company? Justify your answer (2 marks) SHOW YOUR WORKING ANSWER: Question 3 (7 marks) a) Why do successful companies tend to use the bottom-up approach to establish a master budget? (2 marks) b) Green Tea’s data show the following information for the financial year, beginning July 2020: July Aug. Sept. Oct. Nov. Estimated sales (units) 25,000 25,000 27,000 27,500 28,000 Sales price per unit $31 $31 $31 $31 $31 Direct labour per unit $1.75 $1.75 $1.50 $1.50 $1.50 Labour rate per hour $21 $21 $24 $24 $24 New machinery will be added in September. This machine will reduce the labour required per unit and increase the labour rate for those employees qualified to operate the machinery. Finished goods inventory is required to be 20% of the next month’s requirements. Direct material requires 2.5 kg per unit at a cost of $5 per kg. The ending inventory required for direct materials is 20% of the next month’s needs. In July, the beginning inventory is 3,750 units of finished goods and 13,125 kg of materials. Required: i) Prepare a production budget for the first quarter of the year (i.e. July – September). (2 marks) ii) Prepare a direct materials budget for the first quarter of the year (i.e. July – September), to include total direct material purchases ($). (3 marks) SHOW YOUR WORKING ANSWER: Question 4 (7 marks) a) Ally Jones, manager of the Vodafone sales team, has the following budget for her department: Billings – long distance $350 000 Billings – tele card $70 000 Billings – toll free $260 000 Required: What type of responsibility centre best describes her department, and why? (2 marks) b) A manufacturing company, Mani Co, has two divisions: Division EX and Division YX. Both divisions make a single standardised product. Division EX makes component TEX, which is supplied to both Division YX and external customers. Division YX makes product YAS using one unit of component TEX and other materials. It then sells the completed product YAS to external customers. To date, Division YX has always bought component TEX from Division EX. The following information is available: Division EX Division YX $ $ Selling price 40 96 Direct materials: Component TEX (40) Direct materials (12) (17) Direct labour (6) (9) Variable overheads (2) (3) Selling and distribution costs (4) (1) Contribution per unit before fixed costs __________________________________16 __________________________________ ________________________________________26
Annual fixed costs $500,000 $200,000 Annual external demand (units) 160,000 120,000 Capacity of plant 300,000 130,000 Division EX charges the same price for component TEX to both Division YX and external customers. However, it does not incur the selling and distribution costs when transferring internally. Division YX has just been approached by a new supplier who has offered to supply it with component TEX for $36 per unit. Prior to this offer, the cheapest price which Division YX could have bought component TEX for from outside the group was $41 per unit. It is head office policy to let the divisions operate autonomously without interference at all. Required: i) What is the minimum transfer price for component TEX, as per the general transfer pricing rule? (1 mark) ii) What is the minimum and maximum transfer price which the two divisions can use to negotiate the price for component TEX? (1 mark) iii) Discuss the problems which will arise if the transfer price remains unchanged. (2 marks) iv) Advise the divisions on a suitable alternative transfer price for component TEX. (1 mark) SHOW YOUR WORKING ANSWER: Question 5 (11 marks) Smarty Inc. Ltd produces two different products with the following monthly data: P1 P2 Total Selling price per unit $100 $12 Variable cost per unit $ 60 $ 3 Expected unit sales 21,000 14,000 35,000 Sales mix 60 percent 40 percent 100 percent Fixed costs $750,000 Assume the sales mix remains the same at all levels of sales. Required: a) Calculate the weighted average contribution margin per unit. (1 mark) b) How many units in total must be sold to break even? (1 mark) c) How many units of each product must be sold to break even? (1 mark) d) How many units of each product must be sold to earn a monthly profit of $100,000? (3 marks) e) Prepare a contribution margin income statement for the month. (3 marks) f) If the sales mix shifts more toward the P1 product than the P2 product, would the break-even point in units increase or decrease? Explain. (Detail calculations are not necessary but may be helpful in confirming your answer.) (2 marks) SHOW YOUR WORKING ANSWER: Question 6 (7 marks) Ezy Fixit Ltd has been asked to quote a price for a special job that must be completed within one week. The job requires a total of 90 skilled labour hours and 80 unskilled labour hours. The current employees are paid a guaranteed minimum wage of $525 for skilled workers and $280 for unskilled workers for a 35-hour week. Currently, skilled labour has spare capacity amounting to 70 labour hours each week and unskilled labour has spare capacity amounting to 100 labour hours each week. Additional skilled workers and unskilled workers can be employed and paid by the hour at rates based on the wages paid to the current workers. The materials required for the job are currently held in inventory at a book value of $5,000. The materials are regularly used by Ezy Fixit Ltd and the current replacement cost for the materials is $4,500. The total scrap value of the materials is $1,000. Required: a) What is the total relevant cost to Ezy Fixit Ltd of using skilled and unskilled labour on this job? (2 marks) b) What is the relevant cost of using the materials in inventory on this job? Justify your answer. (2 marks) c) Explain how short-term decisions differ from long-term decisions of a business and provide examples to support your answer. (3 marks) SHOW YOUR WORKING ANSWER: END OF FINAL ASSESSMENT Submission instructions: • Save submission with your STUDENT ID NUMBER and UNIT CODE e.g. EMV54897 HI5017 • Submission must be in MICROSOFT WORD FORMAT ONLY • Upload your submission to the appropriate link on Blackboard • Only one submission is accepted. Please ensure your submission is the correct document. • All submissions are automatically passed through SafeAssign to assess academic integrity
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Which job(s) are still in process at the end of January, and what is the cost of this job(s)?
HA2011 MANAGEMENT ACCOUNTING FINAL ASSESSMENT TRIMESTER 2, 2021 Assessment Weight: 50 total marks Instructions: • All questions must be answered by using the answer boxes provided in this paper. • Completed answers must be submitted to Blackboard by the published due date and time. Submission instructions are at the end of this paper. Purpose: This assessment consists of six (6) questions and is designed to assess your level of knowledge of the key topics covered in this unit.
There are 6 questions in the Tutorial Assignment. Once the assignment available, you will have 24 hours to finish and submit it. Each week students were provided with similar case studies and situational questions of varying degrees of difficulty. These tutorial case studies and guide questions are available in the Tutorial Folder for each week on Blackboard. The Interactive Tutorials are designed to assist students with the process, skills and knowledge to answer the provided tutorial questions. Your task is to answer a selection of tutorial questions covered over Week 2 to Week 11 inclusive. It is important when you answer the questions, you do not just copy and paste the answers from other sources, but rather, try to paraphrase it and provide reference (in- text referencing) to your answers. All references must be listed appropriately at the end of the report using Harvard referencing style. References provided must follow Reference Requirement detailed on page 6. In this assessment, you are given 6 questions under cases/scenarios where you will apply economic concepts to support your recommendations.
Question 1 (7 marks) a) Cite and discuss two (2) types of information a management accountant can provide to assist management in a business that considers product quality to be of key strategic importance. (2 x 2 = 4 marks) b) Interpret and explain what is meant by the phrase “different costs for different purposes”. (3 marks) ANSWER: ** Answer box will enlarge as you type Question 2 (11 marks) The State Library of South Australia has incurred the following costs in its Loans Department over the last 6 months of Financial Year 2020-2021. Month Number of Loans Total Cost Jan 4900 $ 76,200.00 Feb 5300 $ 87,000.00 Mar 6200 $ 90,000.00 Apr 4800 $ 78,100.00 May 5050 $ 80,700.00 Jun 3700 $ 75,000.00 a) Estimate the monthly fixed cost and the variable cost per loan (up to 2 decimal places) using the high-low method. (2 x 2 = 4 marks) b) State the cost equation for State Library of South Australia. (1 mark) c) Estimate the cost for Dec if the forecasted loans is 4850. (1 mark) d) Cite the advantage(s) of using the High Low Method. (2.5 marks) e) Identify possible drawback(s) of using the High Low Method. (2.5 marks) ANSWER: Question 3 (11 marks) a) Ali and Johan are best friends who used their savings and all the monetary gifts they received during graduation to start their own business manufacturing different kinds of facemasks, given the high demand. “We don’t need a product costing system. We are a small manufacturer with a just in time approach so our inventories are minimal. We have no influence over the product price; whatever the big manufacturers do, we follow. Our accountant only comes in during Fridays and she is already far too busy to bother with a product costing system.” Is this a reasonable attitude? Explain why. (5 marks) b) For each type of service organisation (Professional Service Firms, Service Shops, and Mass Service Entities): i) Identify the key features and give an example of a service company most likely to fall in each category. (1.5 x 3 = 4.5 marks) ii) ii) Describe the type of costing system that is most appropriate for each type of service organisation. (0.5 x 3 = 1.5 marks)
ANSWER: Question 4 (7 marks) Hunter Cellars produces and sells bottles of wine. Price and cost data are in the table below: Selling Price per bottle $ 37.50 Variable Costs per bottle Direct Material $12.30 Direct Labour $6.00 Manufacturing Overhead $9.00 Selling Costs $2.40 Total VC per bottle $29.70 Annual Fixed Costs Manufacturing Overhead $432,000.00 Selling and Administrative $621,000.00 Total FC $1,053,000.00 Forecast annual sales 140,000 units $5,250,000.00 Ignoring income taxes, calculate the following:
What is Hunter Cellars’ break-even point in units? (1 mark)
What is the company’s break-even point in sales dollars? (1 marks)
If Hunter Cellars has a target profit of $570,000.00 how many bottles of wine would it have to sell? (2 marks)
Calculate the company’s safety margin and interpret what that number means. (3 marks) ANSWER: Question 5 (7 marks) Harry’s Pies currently makes the crust in-house for the various pies it sells at its stores. It uses 60,000 crusts annually in the production of its bestselling pies. The costs to make the crusts are: Materials $ 0.23 per crust Labour $ 0.35 per crust Variable Overhead $ 0.25 per crust Fixed Overhead $ 0.27 per crust A nearby bakery has offered to sell the crusts for $0.85 each to Harry’s Pies. If the crusts are purchased, 30% of the fixed overhead could be avoided. a) Calculate the relevant costs for Harry’s Pies if it continues to make its own pies. (2 marks) b) Calculate the relevant costs for Harry’s Pies if it purchases from the nearby bakery. (2 marks) c) If Harry’s Pies accepts the offer, calculate the effect on profit. (2 marks) d) Should Harry’s Pies accept or reject the bakery’s offer? (1 mark) ANSWER: Question 6 (7 marks) Boysen Industries manufactures outdoor paints used for the facade of high rise buildings. The company plans to introduce a new paint variant that is able to withstand harsh weather conditions. The new paint is made by combining Protein D with a solution (Salcomb) which will be heated to boiling point and thereafter, the colouring agent (Texta) is added. The resulting paint will be packaged in 10 litre containers. The initial mix, which is 11 litres in volume, consists of 15 kilograms of Protein D and 8 litres of Salcomb. A reduction in volume by 1 litre happens during the boiling process. The resulting solution is cooled slightly before 3 kilograms of of Texta are added. Texta evaporates so it does not affect the final liquid volume. The purchase prices of the raw materials used in the manufacture of the new paint variant are as follows: Protein D $2.90 per kilogram Salcomb $3.50 per litre Texta $5.80 per kilogram
Determine the standard material cost of a 10 litre container of the new paint for Boysen Industries. (7 marks) ANSWER: END OF FINAL ASSESSMENT Submission instructions: • Save submission with your STUDENT ID NUMBER & UNIT CODE e.g. EMV54897 HA2011 • Submission must be in MICROSOFT WORD FORMAT ONLY • Upload your submission to the appropriate link on Blackboard • Only one submission is accepted. Please ensure your submission is the correct document. • All submissions are automatically passed through SafeAssign to assess academic integrity. Reference requirements Assessment Design – Adapted Harvard Referencing Holmes will be implementing as a pilot program a revised Harvard approach to referencing. The following guidelines apply:
Reference sources in assignments are limited to sources which provide full text access to the source’s content for lecturers and markers.
The Reference list should be located on a separate page at the end of the essay and titled: References.
It should include the details of all the in-text citations, arranged alphabetically A-Z by author surname. In addition, it MUST include a hyperlink to the full text of the cited reference source. For example; P Hawking, B McCarthy, A Stein (2004), Second Wave ERP Education, Journal of Information Systems Education, Fall, http://jise.org/Volume15/n3/JISEv15n3p327.pdf
All assignments will require additional in-text reference details which will consist of the surname of the author/authors or name of the authoring body, year of publication, page number of content, paragraph where the content can be found. For example; “The company decided to implement a enterprise wide data warehouse business intelligence strategies (Hawking et al, 2004, p3(4)).”
Non-Adherence to Referencing Guidelines Where students do not follow the above guidelines:
Students who submit assignments which do not comply with the guidelines will be asked to resubmit their assignments.
Late penalties will apply, as per the Student Handbook each day, after the student/s have been notified of the resubmission requirements.
Students who comply with guidelines and the citations are “fake” will be reported for academic misconduct
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services information a management accountant can provide to assist management in a business that considers product quality to be of key strategic importance
CONTENTS UNIT OVERVIEW 3 Unit Description 3 AQF SPECIFICATIONS FOR ASSESSMENTS 5 Knowledge 5 Skills 5 Application 5 ACSF SPECIFICATIONS AND FOUNDATION SKILLS 6 SUBMITTING ASSESSMENTS 6 TRAINING RESOURCES 6 UNIT ASSESSMENT PLAN 6 UNIT ASSESSMENT PART 1 7 UNIT KNOWLEDGE ASSESSMENT (UKA) 7 STUDENT TO COMPLETE AND SUBMIT 7 STUDENT INSTRUCTIONS: 8 UNIT ASSESSMENT PART 2 13 UNIT SKILLS ASSESSMENT (USA) 13 STUDENT TO COMPLETE AND SUBMIT 13 STUDENT INSTRUCTIONS: 14
CASE STUDY BASED PROJECT REPORT WITH ROLE PLAY TASK 15 APPENDICES 20 APPENDIX: 01 21 Case study – Nara Business Hotel 21 APPENDIX: 01 23 Annual Year-end financial performance review form 23 APPENDIX: 03 24 Internal Memo Template 24 UNIT OVERVIEW SITXFIN005 Manage physical assets UNIT DESCRIPTION This unit describes the performance outcomes, skills and knowledge required to manage the physical assets of an organisation. It requires the ability to establish systems and practices for asset monitoring, maintenance and acquisition. It applies to senior managers who operate with significant autonomy and who are responsible for making a range of strategic management decisions. Element Performance Criteria
Develop practices for systematic maintenance, repair and purchase of physical assets. 1.1.Develop and maintain an accurate and current physical assets register. 1.2.Develop practices for managing physical assets that reflect overall business objectives. 1.3.Establish and implement maintenance and repair regimes that minimise disruption and loss of revenue. 1.4.Integrate practices to support environmental sustainability into use of physical assets. 1.5.Evaluate current and potential financial ability to acquire physical assets.
Monitor the condition and performance of physical assets. 2.1.Establish and implement regular reporting practices to ensure effective performance of physical assets. 2.2.Identify physical asset problems promptly and take appropriate action. 2.3.Assess long-term physical asset performance. 2.4.Evaluate need for, and access, specialist assistance.
Coordinate financing and purchase of physical assets. 3.1.Prepare accurate equipment specifications to guide acquisition process. 3.2.Estimate acquisition costs based on evaluation of current, accurate and relevant data. 3.3.Make decisions on replacing and acquiring physical assets. 3.4.Select methods of financing to meet current financial objectives. 3.5.Finance acquisitions in consultation with financial specialists. 3.6.Keep accurate records of all financial agreements. Performance Evidence develop a plan for the acquisition, maintenance and replacement of at least three different types of physical assets listed in the knowledge evidence demonstrate procedures to: • monitor the utility of above assets to meet business needs • provide regular financial reports on the assets • record formal and informal customer and staff feedback • integrate day-to-day condition reports • schedule internal or external inspections or audits • schedule management reports • develop and maintain a current register for the above assets. Knowledge Evidence business objectives relevant to the management of physical assets: • profitability • growth • providing quality products and services to customers • adhering to: o codes of conduct o environmental sustainability philosophies and practices • industry accreditation schemes types of physical assets required by tourism, hospitality and event organisations and the organisation in particular: • buildings • computer systems • equipment fixtures, fittings and furniture in one of the following: o accommodation establishments o commercial kitchens o restaurants and bars o storage areas o tourism, hospitality and event offices o transportation depots • gardens • pools • rides and games • vehicles • vessels maintenance requirements for different types of physical assets considerations for long-term assessment of physical assets: • ability to meet business objectives • cost of maintenance over a period of time • customer and staff feedback • input from specialists where required • operational efficiency • safety equipment specifications to guide acquisition process: • budget parameters • environmental sustainability policies for the business • floor plans • numbers and types of required equipment fixtures, fittings and furniture • operational performance requirements: o efficiency o customer traffic o staff usage • types of products and services offered by the business formats for and inclusions of asset registers specified in performance evidence features and benefits of different financing options for asset acquisition: • hire purchase • lease • purchase • rent depreciation that can be applied to different types of physical assets data used in the estimation of asset acquisition: • current maintenance contracts • estimates and quotations from suppliers • previous contracts and costs • published or advertised prices practices to support environmental sustainability using different types of physical assets Skills must be demonstrated in an operational tourism, travel, hospitality or event operation for which physical assets are monitored and maintained. This can be: an industry workplace a simulated industry environment. Assessment must ensure access to: ? current commercial purchase specifications, supplier product and cost information, and contractual documentation used for the purchase of assets. AQF SPECIFICATIONS FOR ASSESSMENTS AQF Specifications for Assessments in Advanced Diploma Qualifications: This assessment is set in accordance with the criteria for AQF Level 4. As stated in the AQF specification for the Advanced Diploma qualifications must be designed and accredited to enable graduates to demonstrate the learning outcomes expressed as knowledge, skills and the application of knowledge and skills specified in the level 5 criteria and the Advanced Diploma descriptor. Students at this level will have specialised knowledge and skills for skilled/paraprofessional work and/or further learning. KNOWLEDGE Students at this level will have broad theoretical and technical knowledge of a specific area or a broad field of work and learning. SKILLS Students at this level will have a broad range of cognitive, technical and communication skills to select and apply methods and technologies to: • analyse information to complete a range of activities • interpret and transmit solutions to unpredictable and sometimes complex problems • transmit information and skills to others APPLICATION Students at this level will apply knowledge and skills to demonstrate autonomy, judgement and defined responsibility in contexts that are subject to change and within broad parameters to provide specialist advice and functions. ACSF SPECIFICATIONS AND FOUNDATION SKILLS The term ‘Foundation Skills’ is currently used to include the core skills defined in the Australian Core Skills Framework (ACSF) as well as the employability skills identified by employers as critical for effective performance in the workplace. Foundation skills encompass both the core skills of reading, writing, oral communication, numeracy and learning as described by the Australian Core Skills Framework (ACSF), and the Employability Skills/Core Skills for Work. They exist on a continuum from very basic skills to highly-developed and specialist skills. The foundation skills for this unit are located in the Unit Outline Booklet and have been addressed in the assessment as part of the performance criteria for this unit. SUBMITTING ASSESSMENTS Students should submit assessment tasks with the provided cover sheet. Assessments should be submitted on or before their due date. Extensions for individual assessment tasks may be negotiated in specific circumstances. Consultation on this must occur prior to the due date and extensions due to illness will require a medical certificate. Extensions must be confirmed by the Academic Manager in writing. TRAINING RESOURCES The student will have access to the following: • AIE Student Workbook • PowerPoint presentation • Learner Assessment Pack (LAP) • Access to a computer, the Internet and word-processing system such as MS Word and MS Excel UNIT ASSESSMENT PLAN To demonstrate competence in this unit, you must be assessed as satisfactory in each of the following assessment part. Evidence recorded Evidence Type/ Method of assessment Evidence Submitted Unit Assessment Part 1 Unit Knowledge Assessment (UKA) Yes / No Unit Assessment Part 2 Unit Skills Assessment (USA) Yes / No UNIT ASSESSMENT PART 1 UNIT KNOWLEDGE ASSESSMENT (UKA) STUDENT TO COMPLETE AND SUBMIT STUDENT INSTRUCTIONS: You are required to demonstrate the knowledge you have gained from undertaking SITXFIN005 Manage physical assets unit of competency. • All questions must be answered correctly to be completed satisfactorily. • All knowledge assessments are untimed and are conducted as open book (this means student can refer to textbooks or any resources). • Student may handwrite/use computers to answer the questions. • This assessment task may be completed in a classroom, at home, learning management system (i.e. Moodle), or independent learning environment. • You must complete all questions unassisted by the assessor or other personnel but may refer to reference material as needed. Submission details • The Assessment Task is due on the date specified by your trainer. Any variations to this arrangement must be approved in writing by your trainer. • Fill out and attach the Assessment Submission form to the documents you are submitting to be marked. • Please answer each question on a separate page provided and clearly indicate the question number at the top of the page. • The Trainer/Assessor may further prompt and question in order to receive answers of appropriate quality or if further clarification is required and to validate authenticity of your submitted work. Answer all of the following questions.
How can the following business objectives influence the methods used for managing physical assets in an organisation? Provide 1 example for each: Profitability Growth Providing quality products and services to customers Adhering to: o codes of conduct o environmental sustainability philosophies and practices Industry accreditation schemes
Provide 8 examples for different types of physical assets required by tourism, hospitality and event organisations:
List 5 physical assets relevant to your workplace or training and provide the maintenance details typically required for each: Physical asset Maintenance requirements 1. 2. 3. 4. 5.
List 6 key aspects which must be considered for the long-term assessment of physical assets in terms of nature of requirements and necessity of acquisition. Who could be typically involved in this in terms of feedback and specialist advice? Responses 1. 2. 3. 4. 5. 6. Involvement
The following are parameters which are used to guide the acquisition of physical assets. Provide examples and details for what should be considered, for each aspect. Budget parameters Environmental sustainability policies for the business Site plans Auxiliary items Performance requirements Suitability to products and services offered
Which details need to be recorded in an asset register for each physical asset? Responses
Provide an overview of the features, advantages and disadvantages of each of the following financing options when acquiring assets:
Hire purchase
Lease
Purchase
Rent
Explain the methods for calculating the depreciation of assets using each of the following methods: a) Prime cost method b) Diminishing Value Method
Go to the ATO website link provided below and source the information for the current simplified depreciation rules which apply: https://www.ato.gov.au/Business/Income-and-deductions-for-business/Depreciatingassets/Simpler-depreciation-for-small-business/
Provide 4 examples of sources for data to enable you to estimate reliable acquisition costs. What does this need to consider in terms of contractual obligations and ongoing maintenance? Responses 1. 2. 3. 4. Aspects to consider
List 3 examples for environmental sustainability that applies to physical assets and outline the environmental and financial benefits as applicable: Example Environmental and financial benefits UNIT ASSESSMENT PART 2 UNIT SKILLS ASSESSMENT (USA) STUDENT TO COMPLETE AND SUBMIT STUDENT INSTRUCTIONS: The project consists of 3 parts, Part 1, 2 and 3 based on simulated business – ‘Nara Business Hotel. • If you are not sure about any aspect of the assessment or would like to discuss your particular needs, please speak to your trainer. • Your trainer will tell you the date you need to submit your assignment. • You need to complete all parts and submit them together by the due date. • This project assignment is to be completed using the “Nara Business Hotel” case study. It is included in the “Appendix”. • The checklist table will identify the records that you are required to prepare and submit (as a single submission). • Your assignment must be typed (in 12 point type on A4 paper) and you need to complete an Assessment Cover Page. • Make sure you keep a copy of your assignment before you hand it in to your trainer Note : Any Role Play or Presentation needs to be completed in the class with your Trainer / Assessor on the date specified by your trainer.
CASE STUDY BASED PROJECT REPORT WITH ROLE PLAY TASK This project assignment is to be completed using the “Nara Business Hotel” case study. It is included in the “Appendix”. The assessment has three parts and the details are provided below: Part 1 Requires you to develop a resource acquisition plan for the acquisition of 3 different resources from the following main categories: • buildings • computer systems • equipment fixtures, fittings and furniture in one of the following: • gardens • pools • rides and games • vehicles • vessels Part 2 Requires you to develop an asset register which needs to list the details for the 3 new physical assets you have determined in Part A. You must include the maintenance requirements and schedule of maintenance for each asset. Part 3 Requires you to develop a resource management strategy which provides details on how the efficiency of each asset is monitored Part 1. – Acquisition Plan You are working as a manager at the Nara Business Hotel. You have been informed of the hotels expansion plans by the senior management. You are required to choose 3 different physical assets, relevant to Nara Business Hotel, which may include any of the following: • buildings • computer systems • equipment fixtures, fittings and furniture in one of the following: o accommodation establishments o commercial kitchens o restaurants and bars o storage areas o tourism, hospitality and event offices o transportation depots • gardens • pools • rides and games • vehicles • vessels ?Task 1
Provide an overview of the business activities of the hotel relevant to the physical assets selected.
List the purpose of the acquisition or replacement of the physical assets, providing detailed information what informs the decision to acquire these new assets.
Write an overview of specifications for each asset which clearly outline what requirements each asset needs to fulfil in terms of capacity, performance, size, location requirements and maximum budget for each or for the overall budget parameter.
Obtain 3 prices or quotes from different suppliers or sources for each asset. Attach the correspondence and final quote received for each asset to this project.
Contact a financial institution and at least 2 different suppliers and obtain information on 3 different financing options available and costs (attach copies of your correspondence).
Calculate the finance variants offered to you and determine the best options for each asset. Your options need to include potential factors for depreciation, consideration for technology changes and financial impacts on the organisation and financial aspects for which you will seek specialist advice. (Your depreciation calculations must consider the current regulations published on the ATO website).
Based on your calculations in Q.6, explain the official process that now needs to be followed to finalise the acquisition of each asset. This may include processes in your existing workplace or common industry standards and needs to provide: • details for detailed specifications, • legal contracts, • requirements and documentation applicable to different acquisition and financing methods, • preparation of documentation for disposal of assets that are being replaced including tax obligations. PART 1: Your assessor will be looking for: Before you hand in the Part 2 assessment tasks, use the checklist below to make sure you have completed all the activities and have included all relevant information. • Provided an overview of the business activities • Listed the purpose of the acquisition or replacement of the physical assets • Overview of specifications for each asset clearly outlined • Prices or quotes from different suppliers taken • Contacted a financial institution • Calculated the finance variants offered to you • Explained the official process that needs to be followed to finalise the acquisition of each asset. Part 2. – Asset Register ?Task 1
Develop an asset register which lists the 3 assets determined in Part A. Your asset register needs to include the following details: • Asset Details • Asset description/model/type • Serial Numbers • Purchase date • Cost • Depreciation amount (from when you undertake this assessment to the end of the financial year). If you have no current value, then base this calculation on the approximate price you have determined using the ATO guidelines. • Closing Written Down Values (at the End of financial year where you undertake this assessment)
Develop a maintenance register and identify the maintenance requirements for each asset accordingly. For some assets that might be determined through lease clauses or service contract agreements. If so, include these including the details. For the remaining assets consult the user manuals or manufacturer’s recommendations with consideration to frequency of use relevant to your organisation. For example if a post-mix machine or coffee machine is connected to water filter then this needs to be reflected in the maintenance requirements. PART 2: Your assessor will be looking for: Before you hand in the Part 2 assessment tasks, use the checklist below to make sure you have completed all the activities and have included all relevant information. • Developed an asset register which lists the 3 assets determined in Part 1. • Developed a maintenance register and identified the maintenance requirements for each asset Part 3 – Resource management strategy Continuing from Part 1 and 2 complete the following:
Develop a maintenance regime for each asset based on the maintenance requirements you have determined in Part 2.
The maintenance regime needs to include the following details and outline how each aspect is affected and as a result addressed: a) Reporting and monitoring mechanisms to ensure assets are functioning effectively and issues are reported by using correct and suitable procedures including provisions for specialist advice for complex issues. b) Provisions for collecting feedback from customers and reports from staff. c) Types of maintenance required including common routine maintenance based on the organisation’s activities for example adjusting doors, fixing furniture, cleaning airconditioning filters in guest rooms, etc. d) Location of maintenance, e.g. can it be done off-site or away from heavily-trafficked areas? e) Expected duration of maintenance works f) Timing of scheduled maintenance, e.g. slow periods such as during the day for a nightclub, or during the night in high frequency areas. g) Likely disruption to operations – what are the disruptions and what are the expected impacts? h) WHS issues i) Legal and regulatory requirements which apply for the physical assets during the course of the financial year (for example for vehicles carrying passengers, electrical equipment or as relevant to the specifc assets) j) Summary of cost impacts for human resources (for examples where maintenance would, e.g. require penalty rates for maintenance staff) or the costs where contractors are engaged for specific maintenance requirements k) Costs of scheduled maintenance in terms of parts, required equipment to perform the maintenance and consumables l) Provisions for monitoring of financial performance of the assets over the budget period. m) Occurrences based on the details outlined in the questions above which would inform to review or audit the performance or viability of the assets. PART 3: Your assessor will be looking for: Before you hand in the Part 3 assessment tasks, use the checklist below to make sure you have completed all the tasks and have included all relevant information. • Developed a maintenance regime for each asset based on the maintenance requirements • The maintenance regime that includes the details mentioned and outlined how each aspect is affected and as a result addressed APPENDICES
APPENDIX: 01 CASE STUDY – NARA BUSINESS HOTEL Background The Nara Business Hotel has been operating within the Sydney CBD as a boutique hotel for the past 20 years. In this time the NBH has built a reputation as a high quality boutique hotel which offers residents a unique and flawless stay in one of their 100 rooms. The hotel was initially founded by Greg Mathews who later sold the hotel to a group of investors who have given the hotels management to the Australian Hotel Management Group (AHMG). The AHMG is responsible for all matters related to the operation of the hotel and are required to meet strict financial performance objectives. The AHMG must therefore budget all hotel expenses and regularly produce reports which are presented to the Hotel’s investors. Mission The Nara Business Hotel’s mission is to consistently deliver an enjoyable and memorable accommodation experience for travellers visiting the Sydney CBD in a business context. Vision The Nara Business Hotel’s vision is to become an industry leader in boutique business accommodation. Growth Objectives The Nara Business Hotel has been known for its boutique size. However, over the past 5 years the demand for rooms in the NBH has been far greater than supply. As such, many residents are left upset when they cannot get a booking. The investors wish to overcome this problem, and have asked the AHMG to budget for the expansion of the hotel. Additionally, the investors wish to achieve a 50% growth in profits over the next 2 years. In order to achieve these growth objectives the AHMG has decided to expand the hotel by introducing 50 new rooms. They believe that due to the high demand for rooms the full cost of the expansion will be recovered within a year, making the expansion a viable business opportunity. Forecast Revenue Figures for 2019 and 2020 Number of Rooms Revenue Per Room Occupancy Rate 2019 150 $90,000 67% 2020 150 $90,000 91% Note: the occupancy rate is lower in 2019 due to the time required to furnish the 50 new rooms early in the year. Organisation Finance Policy and Procedures Reporting Policy The Nara Business Hotel requires its financial managers to report deviations between the forecasted budget and actual budget to the Hotel’s investors. The managers are only required to report upon deviations of 5% or greater. Financing Policy The Nara Business Hotel requires its financial managers to responsibly manage the cashflows of the hotel. If there is a need to raise cash for hotel operations or expansion the policy requires the financial management team uses short term loans from ANZ Bank. The loans are typically 1 year long and at an interest rate of 4% and the loan amounts are rounded to the nearest hundred thousand. Staffing Policy The Nara Business Hotel prioritises excellent customer service and as such the policy requires employing 1 staff member per 5 rooms. For example, if the hotel has 100 rooms, 20 staff members will need to be actively working within the hotel at any given time. Corporate Real Estate Policy The Nara Business Hotel policy requires that its real estate assets are rented and not bought. The current hotel building is rented at the rate of $3,000,000 per annum and which equates to $30,000 per room per annum. The Hotel policy requires that any future real estate that is to be attained is negotiated to the same rate of $30,000 per room per annum. Hotel Maintenance Policy The Nara Business Hotel policy requires that every year 10 existing rooms are completely refurnished. The cost of completely refurnishing a room is $20,000 as per the Hotel’s contractor agreements. This policy ensures that the hotel’s rooms are up-to-date and the décor is of latest style. Additional rooms may be refurnished based on management’s requirements, however a minimum of 10 old rooms must be refurnished annually. Australian Hotel Management Group Agreement As per the agreement between the Nara Business Hotel and the Australian Hotel Management Group, the AHMG is responsible for the Hotel’s management for a 40 year period at the rate of $1,000 per room per annum. Investor Returns Policy The Nara Business Hotel policy requires it’s financial managers to provide a fixed return of $2,000,000 to its investors per annum. Any additional income/cashflow will be reinvested into the business in the next year. APPENDIX: 01 ANNUAL YEAR-END FINANCIAL PERFORMANCE REVIEW FORM NBH Annual Year-End Financial Performance Review Form Name of Reviewer: Date: Year in Review: What was the profit for the year in review? Please provide a short description and justification. Was there any exceptional financial activity which has caused the year in review’s financial performance to be different from previous years? Were there any deviations greater than 5% in the year in review from the budget? Has the year in review met it’s investor return requirements of $2,000,000? If not, please explain. Signature of Reviewer: APPENDIX: 03 INTERNAL MEMO TEMPLATE Nara Business Hotel – Internal Memo
Original and non-plagiarized custom papers. Our writers develop their writing from scratch unless you request them to rewrite, edit or proofread your paper.
Timely Delivery. capitalessaywriting.com believes in beating the deadlines that our customers have imposed because we understand how important it is.
Customer satisfaction. Customer satisfaction. We have an outstanding customer care team that is always ready and willing to listen to you, collect your instructions and make sure that your custom writing needs are satisfied
Privacy and safety. It’s secure to place an order at capitalessaywriting.com We won’t reveal your private information to anyone else.
Writing services provided by experts. Looking for expert essay writers, thesis and dissertation writers, personal statement writers, or writers to provide any other kind of custom writing service?
Enjoy our bonus services. You can make a free inquiry before placing and your order and paying this way, you know just how much you will pay. A verdict was rendered against three parent chaperones. How was the third parent included in the case?
Premium papers. We provide the highest quality papers in the writing industry. Our company only employs specialized professional writers who take pride in satisfying the needs of our huge client base by offering them premium writing services Develop and maintain an accurate and current physical assets register.