Summarize the differences between accounting and book-keeping
Summarize the differences between accounting and book-keeping.
Deliverables
Students must submit all materials supporting their coursework listed in the deliverable section.
- The coursework must be done individually and must be entirely your own work. Please make sure that you are aware of the rules concerning plagiarism. If you are unclear about them, please consult your program coordinator/lecturer.
- The coursework should exhibit formal research skills i.e. with a table of content, proper citations, references, and appendixes.
- The coursework write up must be able to demonstrate critical analysis and application of both theory and practical issues to the company that you have selected.
- Student may include additional relevant data/information apart from the proposed guidelines in conjunction to your research. Additional marks will be awarded for such attempt.
- Your coursework should not be more than 2,000 words.
| Learning Outcomes tested
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Assessment Criteria :
Students must demonstrate the ability to: |
| § LO1: Explain the accounting concepts, accounting term and bookkeeping.
§ LO2 : Apply the basic principle in recording business transaction from primary record to ledger account and preparing the trial balance § LO3 : Apply and develop cash book, petty cash book, bank reconciliation and final account with simple year end adjustment |
§ Understand the basic accounting principles, accounting concepts and accounting terminology.
§ Apply the accounting principle and assess the effect in the accounting equation. § Apply communication skills through written report
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COURSEWORK QUESTION
Written Assignment (30%)
Task assigned:
Accounting plays a vital role in running a business as it is the language of business. It is the system of recording, summarizing, and analyzing an economic entity’s financial transactions. As a result of economic, industrial, and technological developments, different specialized fields in accounting have emerged.
- Discuss any FOUR (4) specialized fields in accounting. You should engage an appropriate level of research and related examples.
- Summarize the differences between accounting and book-keeping. You should engage an appropriate level of research and related examples
(Total: 100 marks)
Note:
Refer Appendix 1 for the marks allocation.
The total marks for this assignment is 30% of overall assessment for this module.
* The detailed marking criteria’s for the allocation of 100 marks is provided in Appendix 1
| LENGTH REQUIRED |
2000 words +/- 10%. Any deviation from this will be penalized.
| FORMATTING AND LAYOUT |
- A Microsoft Office Word Document or other relevant applications as permitted by module lecturer/ typed using computer. Usage of typewriter or hand – written is STRICTLY not allowed.
- 12 font size, Time New Roman font and bold title and sub titles
- A4 sized paper
- Fully justified alignment
- 1½ line spacing
- Margins of 1” at top and bottom; left and right
Appendix 1: Marking Criteria for Written Assignment
| No.
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Assessment Criteria | Weightage | Marks Allotted by Lecturer |
| Questions
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Introduction Give an overview on accounting.
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10% |
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Discuss any FOUR (4) specialized fields in accounting.
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40% |
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Summarize the differences between accounting and book-keeping.
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20% |
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| Conclusion
Discuss the importance of accounting in business
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10% | ||
| Others | Presentation of the analysis:
· Appropriate citation and references. · Style and readability including proper organization of answers. · Overall presentation. · This coursework must have Cover Sheet, Table of Content, Page Number, Proper Heading/Title for each part answered, list of references (Use any referencing system that is suggested by the faculty) |
5% 5%
5% 5%
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Total marks |
100%
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Overall Marks |
30%
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