Principle Accounting

Guidelines to the students:

  1. Students should upload the assignments in Moodle through the link (Turnitin) provided by your course lecturer on or before the deadline.
  2. Students should submit their assignments in typed format which is accepted by Hand written assignments are not be accepted.
  3. The assignment file should be in a Word format and the file name should be: Student ID, Student First Name and Course Name.
  4. The submitted assignment should comply with the academic integrity and honesty of UTAS (Academic Integrity and Honesty Policy).

Sanctions for high plagiarism (above 25%) are:

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First offence: Written warning and repeat the work

Second offence: Zero mark and suspension for one semester

Third offence: Dismissal from the college

  1. If a student is found violating rules and instructions or has used tricks to reduce the plagiarism percentage, a disciplinary action will be taken by the Department Council (DC).
  2. Student is responsible for the consequences of submitting a wrong file in Moodle.
  3. Submission of assignment after the deadline is treated as a late submission and penalties are applied.

Below are the penalties for a late submission:

Late submission by Reduction in Marks
1 day 15%
2 days 25%
3 days 30%

 

  1. Students are advised to follow Harvard referencing style. A sample of referencing is shown below:
  • For Books:

Schneider, Z, Whitehead, D & Elliott, D 2007, Find them correct: The right steps for good handwriting, 3rd edn, Elsevier New Zealand, Marrickville, Auckland

  • For Websites:

Health Council 2019, Causes of bad health, Health Council, viewed 2 January 2019, <https://www.health.org.om/about-health/reasons-badhealth/>.

  • For Journals

Khan I, P 2004, ‘Role of infrastructure in economic development’, Business Standard, vol. 19, no. 6, pp. 46-52.

  • For Newspaper Articles

Norvic, N 2012, ‘Education in pandemic: new mode of education’, The Arabic Education, 30 March, p. 5.

 

Structured Assignment

Course Name: Principles of Accounting-2
Course Code: BAAC 2100 Level:         Diploma Section No.: 1 & 2
Date & Time of Issue: 18/2/2021 Deadline (Date & Time): 29/03/2021

 

Learning Outcomes Covered in the Assignment:
Outcome No. 2 Prepare adjusting journal entries for merchandising company transactions, prepare a detailed balance sheet and income statement, prepare adjusting and closing entries, and understand the various internal control issues and procedures for inventory.  
Outcome No. 3 Understand the accounting information system in an entity, and use special journals, subsidiary ledgers and control accounts.  

 

Assignment Question(s)

(Allotted Marks: 15)

Q1.Choose any 3 Terms in both Income statement and Balance sheet and explain

with an example each. (4 Marks)

Q2. Select any one business in Oman and write about the internal control issue

procedures followed in that business related to Inventory management system

in detail.  (3 Marks)

Q3. Describe any 4 books of original entry followed in business and write with

your own example by using the specific format (4 Marks)

 

 

 

Q4. Oman Oasis Company provided the following information for the year ended

31st December 2017.

Inventory- RO 56,000     Long term debt – RO 74,500           Good will – RO 25,000

Account receivables – RO 38,400       Account payable – RO 47,800    Machinery – RO 67,000

Deferred income taxes – RO 14,500    Fixtures and fittings – RO 26,000    Cash – RO 12,500

Shareholder’s equity – RO 90,000    Short term debt – RO 5,600 Other current assets – RO 7,500

Analyze the above information and prepare the Balance sheet of Oman Oasis Company for the year ended 31st December 2017. (4 Marks)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Please ensure to remove the above contents before you submit your assignment in Moodle.

 

 

 

University of Technology and Applied Sciences –Ibri

Sultanate of Oman

 

Business Studies Department

Academic Year: 2020 – 2021

Semester: II

 

Assignment submitted for the below mentioned course:

“Course Code & Course Name”

 

 

Student ID              :

Student Name        :

        Section No.             :

 

Submitted to:         “Name of the Course Lecturer”

 

 

Student Declaration

 

I am/we hereby declare that my submission of this assignment is a result of my own original work except for source materials explicitly acknowledged by proper citations. I understand that plagiarism is an offense that can lead to a disciplinary action depending on the seriousness of the case.

I am also aware of all the instructions and rules related to the submission of the course assignment provided by the course lecturer. I understand that violation of these rules will result in disciplinary actions.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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