Category: Accounting

The Assignment must be submitted only in WORD format via allocated folder.
Must make the work clear and well presented, marks may be reduced for poor presentation.
Must mention question number clearly in their answer.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.
Answer all the 5 questions.

Tax and Zakat Accounting assignment – please avoid plagiarism, I need right & perfect answers.
Answers should be in the same file.

Insurance Accounting assignment, please avoid plagiarism, I need right & perfect answers.
Answers should be in the same file.

Managerial Accounting assignment, please avoid plagiarism, I need right & perfect answers.
Answers should be in the same file.

Assignment 2
Deadline: 04/05/ 2024 @ 23:59
Course Name: Financial Accounting
Student’s Name:

Course Code: ACCT 201
Student’s ID Number:

Semester: 2
CRN:

Academic Year: 2023- 24

For Instructor’s Use only
Instructor’s Name:

Students’ Grade:…… /15
Level of Marks: High/Middle/Low

nstructions – PLEASE READ THEM CAREFULLY
The Assignment must be submitted on Blackboard (WORD format only) via allocated folder.
Assignments submitted through email will not be accepted.
Students are advised to make their work clear and well presented, marks may be reduced for poor presentation. This includes filling your information on the cover page.
Students must mention question number clearly in their answer.
Late submission will NOT be accepted.
Avoid plagiarism, the work should be in your own words, copying from students or other resources without proper referencing will result in ZERO marks. No exceptions.
All answered must be typed using Times New Roman (size 12, double-spaced) font. No pictures containing text will be accepted and will be considered plagiarism).
Submissions without this cover page will NOT be accepted.

Assignment Question(s): Total Marks 15

Q1. M Corp. makes a loan to N Co. and receives in exchange a three-year, SR 15,000 note bearing interest at 10 percent annually. The market rate of interest for a note of similar risk is 12 percent.
Required: (4 Marks)
How does M Corp record the receipt of the note using present value?
Imagine the same note at zero bearing and pass journal entries using present value.Qualifying assets.
Capitalization period.
Amount to capitalize.
(Note: PV of Interest at 12% is 2.40183and PV of Principal at 12% is.71178)
Answer:
Q2. XYZ Company’s record of transactions for the month of September was as follows.
Purchase
Sales

Date
Quantity
Unit Price
Date
Units

Sep 1
(Balance on hand) 100
$4.00
Sep 5
200

Sep 4
300
4.50
Sep 12
150

Sep 11
200
5.00
Sep 27
600

Sep 18
200
5.25
Sep 28
200

Sep 26
500
5.50

Sep 30
200
5.75

Total
1,500

1,150

Total units (ending inventory) 350

Required: (4 Marks)

Compute the ending inventory and COGS at September 30 on each of the following on periodic bases.
1. FIFO
2. WA
Answer:

Q3 IFRS requires capitalizing actual interest (with modification) Consistent with historical cost. Capitalization considers three items:
Explain the above with numerical examples. (4 Marks)

Answer:

Q4 A long-lived tangible asset is impaired when a company is not able to recover the asset’s carrying amount either through using it or by selling it. The management to identify whether the asset has impairment or no impairment conducts an impairment test.
Explain how the impairment test conducted in both situations with numerical examples. (3 Mark)
Answer:

Q11. Over the centuries, economies have been periodically subject to asset-price bubbles.The story
of the 2007-2009 financial crisis indicates how costly these bubbles can be.
What is asset-price bubbles? Should central banks respond to asset-price bubbles? Taking lessons
from 2007-2009 financial crisis, discuss both pros and cons of central banks responses to asset-
price bubbles

What is the available funds gap?
What factors must the manager of a financial institution
weigh in choosing among the various non-deposit sources of funding available today?

please provide all the references used ( put at the end of the file ) and don’t forget in-text citation to know where did you use them
And please avoid plagiarism, very important

The report should have the following structure:
Title page
Terms of reference
Executive Summary
Table of contents
• Introduction
• Methods
Results and Discussions
• Conclusions and Recommendations
• References (Harvard style)
In text citations should be included. What ages below is details of the structure and the questions/ information required.
The word count can be +/- 2000 (2000 words or more is preferable.
The @RISK Software is only available for our university. This part will be communicated and finished by us.
30 sources may not be required. Use at least 8-10. Ensure books are also used.

Now that you have put together all the budgets for G2G. We will be utilizing the numbers we put together and creating a presentation for our executives. In your presentations you will provide a brief overview of all budgets.
For the last part of your final project, you will create a PowerPoint presentation to present to your executives in where you will summarize the budgets that you prepared in Part B. Be sure to include all relevant documentation.
Also, be sure to provide your recommendations and future goals for your fictitious company.
Your presentation should be 10-12 slides and provides notes briefly explaining the data on each slide. It should contain proper grammar, be free of spelling errors, and reflect critical thinking. Any references should be cited in APA format. Follow the assignment prompt and rubric. Complete the PowerPoint presentation and save the file in the format of LastNameFinalProjectC.