ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 1 of 4 ASSESSMENT BRIEFSubject Code and NameACCT6003 Financial Accounting ProcessesAssessmentAssessment 3 – MYOB Practice SetIndividual/GroupIndividualLearning OutcomesThis assessment addresses the following subjectlearning outcomes:(b) Complete an accounting cycle using acomputerised accounting software.SubmissionOnline via Perdisco by Sunday of week 10, 11:55pmAEST/AEDTWeighting15%Total Marks100 marks Instructions:• Register an account on Perdisco’s website: https://www.perdisco.com/au/default.aspx. Uponregistration, enter the required information (university name, email address, your name onstudent ID, student ID number, subject (ACCT6003), campus, etc.)• Once completed the registration, email your username to your lecturer before the end ofweek 1. Your lecturer will then email you a unique free access code to the practice duringweek 2 – you do not need to pay for this practice.• Once received the access code, login to your Perdisco account and click on “Add a Product”on the top right corner, then enter the access code.• Start the practice set by following the instructions on Perdisco’s website. You have twoattempts for this practice, and only the best result will be recorded for your assessment marks.This practice set is a large activity with students expected to take 20 study hours to completeover many days or weeks.• Please read and follow all instructions provided on Perdisco’s website and regularly back upyour company file to prevent accidental loss of work. The practice set has been carefullydesigned so that all the information required is in on the exact page that it is needed. If youdo not understand an instruction, you may go to the MYOB Learning Centre(www.perdisco.com.au/myobLearning), your ACCT6002 notes and textbook as well as anyother study materials before proceeding. If you need any technical support, please emailPerdisco’s support team: support@perdisco.com.ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 2 of 4• This is an independent assessment and therefore the lecturer will not provide specificguidance in the process. When completed the practice, you do not need to submit any file tothe lecturer, as all marking is done automatically by Perdisco. Your lecturer will receive yourresults directly from Perdisco. Any breach of Academic Integrity Policy will be investigated andpenalised in accordance with Academic Integrity Procedures.ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 3 of 4Learning Rubric: Assessment 1 Assessment CriteriaFail(Unacceptable)0-49%Pass(Functional)50-64%Credit(Proficient)65-74%Distinction(Advanced)75 -84%High Distinction(Exceptional)85-100%Content and purposeof MYOB practicequestions10%No or little awarenessof the content and/orrequirements of MYOBpractice questionsUnderstanding questionsrequirements, andrelating requirements torelevant study modulescovered in the subject.Identifying andunderstanding therationale of questionsrequirements. Beingable to fully relatequestionsrequirements torelevant modulesBeing able to interpret andexplain the rationale ofrequirements, how theserequirements relate todifferent financialaccounting concepts,techniques and processesFully understandingrequirements regardingfinancial accountingconcepts, techniques andprocesses Interpreting andlinking technical aspects ofMYOB practice questionsKnowledge andunderstanding offinancial accountingconcepts andprocessesLimited awareness ofrelevant financialaccounting informationrequired for MYOBpractice questions.Difficulty and/orconfusion in identifyingcorrect financialaccounting concepts,tools and processesrequired for MYOBpractice questionsSatisfactoryunderstanding and beingable to identify relevantaccounting informationfor MYOB practicequestions.Satisfactoryunderstanding a range offinancial accountingtechniques andprocesses available forgenerating and analysinginformationThoroughunderstandingrationale for selectingspecific financialaccounting tools andprocessesThoroughunderstanding andbeing able to explainquantitative andqualitativecharacteristics offinancial accountinginformation usefulHighly developedunderstanding the financialaccounting concepts,techniques and processes.Being able to justifyselection of specificaccounting tools andprocessesSophisticatedunderstanding financialaccounting concepts,techniques and processes,and accountinginformation required forsolving practical problemsBeing able to criticallyjustify selection ofapplicable accounting toolsand processes ACCT6003_Assessment Brief 3_MYOB Practice Set_Due at week 10 Page 4 of 4 40%Ability to use appropriatefinancial accountingtechniques andprocessesreporting ofcompnaiesAnalysis andapplication ofrelevant financialaccounting concepts,techniques andprocesses50%No or little use offinancial accountinginformation for MYOBpractice questionsDifficulty and/orconfusion in preparingfinancial accountingreportsDifficulty and/orconfusion in identifyingand applying correctaccounting proceduresApplying correct steps inpreparing financialaccounting reportsApplying appropriateaccounting proceduresIdentify and explainquantitative andqualitativecharacteristics offinancial accountinginformation, which areuseful for reporting ofcompnaiesAnalysing quantitative andqualitative characteristicsof accounting information,and applying analysis tosolve practical problemsCorrectly preparing andinterpreting differentfinancial accountingstatements.Correctly preparing andinterpreting differentfinancial accountingstatementsCritically justifying businessdecisions using relevantfinancial accountinginformation
