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ACCT1000 Mid Semester Test and Online Workbook

We will appreciate if you can
please complete your
eVALUate
Specially, given that
this is the last
semester that
ACCT1000 is running,
please take some time
to complete our
eValuate; it will mean
the world to us.
Please remember to
complete your evaluations for

  1. Log in to
    Oasis, click
    on “my
    studies”
  2. Look for the
    “eValuate”
    section, and
    find ACCT1000
  3. Complete the
    unit eValuate
    (where you will
    rate your
    thoughts on the
    unit)
  4. Once you
    complete the unit
    eValuate, only
    then will you be
    able to complete
    your teaching
    eValue
    Please kindly take a few
    minutes to complete both the
    Unit eValuate and the teaching
    eValuate (for Wahseem and
    any other tutor that you had)
    Final Exam – Very Important, please carefully read the
    below: Your Final Exam will be held on Wiley Plus. Please note the following:
    • Please login to Wiley Plus as you did for your Mid Semester Test and Online Workbook (remember that you login is studentID@curtin.edu.au and password is studentID);
    • You will be able to access the Exam (labelled ACCT1000 / ACCT1001 Final Exam) from Monday 15th June at 1pm;
    • You will have until Tuesday 16th June 1pm to complete the exam;
    • You have only 1 attempt to the exam, and once started, you will have 4 hours to complete it (though it is highly unlikely that you will use the full 4 hours);
    • So as for you to have enough time to complete the exam by 1pm, please do not start after 9am on Tuesday 16th June;
    • Please ensure to start the exam as early as possible to cater for any unforeseen technical issue, waiting until the last possible hour will create a lot of
    pressure on you and us (should you need assistance);
    • Please remember to only use Chrome or Firefox when accessing Wiley Plus;
    • Please remember that Wiley Plus will auto-log you out if you are inactive on the Portal; therefore please ensure to remain active (if you are searching for something in your notes / google,
    every 30 seconds or so, please remember to click on “save for later”;
    • Please also remember to save your work as you go. Navigating between question without saving your work will result in any work done for the question to be lost;
    • Once you are happy with your answer, click on “Submit” (Once you submit, you will not be able to make any change to the question) (Wiley will also auto-submit any work “saved” at the end of
    the exam);
    • In the event of any technical issues, please IMMEDIATELY email accounting1000@curtin.edu.au (do not contact Wiley directly as they will be unable to assist). Once you
    email us, please keep checking your email from instructions from us. Given that there is enough time, we will assist you promptly to enable you to complete the assessment by the due time.
    Final Exam
    • Mark out of 100 marks
    • Scaled to worth 50% of final mark
    • Mixture of theory, practical, calculation questions
    • 4 hours duration (no reading time)
    • Open book exam (you are allowed to use any resource
    you wish; i.e. notes, textbooks, google).
    • You should have your calculator and necessary stationary
    with you to assist you to complete the exam.
    • Based on work covered in lectures and workshops from
    Topics 5 – 10 inclusive.
    Wiley Plus General Guidelines –
    Applicable to all questions
    • All answers to be written in cells provided in Wiley;
    • Please DO NOT include any workings for any questions
    (including any workings will result in your answer being marked as
    wrong [though your answer may be correct]);
    • Please carefully read the instructions for EACH question
    (instructions and requirements may differ per question);
    • When you are required to type in account names, please start
    typing and then select from the list provided (similar to what you
    did for the online workbook). This will prevent you leaving typos in
    your account names (please remember that typos are marked
    wrong);
    • When typing in numbers:
    • you can type in the numbers in these formats (1000 or
    1,000 or 1 000 or $1,000).
    • For negative number, you can use both the negative sign
    or a bracket [e.g., -1,000 or (1,000)]
    Final Exam
    All questions stated in the coming slides are your homework
    and / or tutorial questions, solutions to all have been provided
    on Blackboard.
    It is strongly recommended that you print out this set
    PowerPoint slides and refer to them in question order as you
    attempt each respective question in the exam.
    Final
    Exam
    Question 1 – Journal Entries – Module 5 –
    10 Marks – Auto-Marked by Wiley
    • Please carefully read the instruction provided in the
    question prior to start answering
    • Journal Entries Question
    • Worth 10 marks
    • Know how to prepare journal entries for service entities
    • No GST
    • 8 transactions to journalise
    • Select account names from drop-down box
    • Please leave blank any cell not required (Do NOT type
    “0”).
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Module 6 and 7 lecture illustrative questions,
    Module 7 Homework Question (posted on Blackboard)
    and
    Module 6 and 7 Tutorial Questions.
    Final
    QEuxeastmion 2 –T-Ledgers and Trial Balance – Modules 6
    – 10 Marks – Auto-Marked by Wiley
    • Please carefully read the instruction provided in the question
    prior to start answering
    • 6 T-Ledgers to complete – Total 8 marks
    • Input accounts in order of journals provided (which is also date order);
    • Select account names from drop-down box;
    • Please remember to include Opening Balance (Bal B/D) and Closing
    Balance (Bal C/D) for the following ledgers:
    • Cash
    • Account Receivable and
    • Service Revenue
    • All other accounts (Office equipment, bank loan and share capital) please
    do not provide opening / closing balances;
    • Please remember closing balances (Balance C/D) are on the last day of the
    period (i.e. 31 August) and opening balances (Balance B/D) are on the first
    day of the next period (i.e. 1 September);
    • Please leave blank any cell not required (Do NOT type “0”).
    • Trial Balance – Total 2 marks
    • Include accounts in order of ledger order provided;
    • Select account names from drop-down box;
    • Please leave blank any cell not required (Do NOT type “0”).
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Module 6 and 7 lecture illustrative questions,
    Module 7 Homework Question (posted on Blackboard) and
    Module 6 and 7 Tutorial Questions.
    Final
    QEuxeastmion 3 – Adjusting Entries – Module 8 –
    10 Marks – Auto-Marked by Wiley
    • Journal entry question
    • 5 transactions to journalise
    • Type in your desired account / or select from
    drop-down list provided
    • when you start typing in the account, a suggestion
    list will appear;
    • Please select your desired account from the
    suggestion list so as to avoid any typos.
    • Please leave blank any cell not required (Do
    NOT type “0”);
    • Remember to take note of the frequency of the
    adjusting entries (e.g., monthly, quarterly, half
    yearly or annually).
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Module 8 Lecture illustrative question,
    Module 8 Tutorial Question 1 (P. Oodle Veterinary Surgeon) and 2 (Australia
    Works) (distributed in the tutorial), Module 8 Homework Question (posted on Blackboard) – Case Study Michael’s Fishing Supplies and Case Study Secretarial Services. Final Exam Question 4 –Closing Entries – Module 8 – Module 8 – 6 Marks – Auto-Marked by Wiley • Journal entry question • You are given the adjusted balance of each accounts in a random order. • 4 journals (in this specific order): • Close revenue; • Close expenses; • Close P&L Summary; • Close drawings • If there are more than 1 account to close (i.e. expenses), please include account in order provided in the question • Select account names from drop-down box; • Please leave blank any cell not required (Do NOT type “0”). All questions stated are your homework and/or tutorial questions. All solutions have been provided on Blackboard Additional Questions to try: Module 8 Lecture illustrative question, Module 8 Tutorial Question 1 (P. Oodle Veterinary Surgeon) and 2 (Australia Works) (distributed in the tutorial),
    Module 8 Homework Question (posted on Blackboard) – Case Study
    Michael’s Fishing Supplies and Case Study Secretarial Services.
    Final
    Exam
    Question 5 – Financial Statements– Module 9 –
    29 Marks – Manually Marked
    • Practical question
    • Preparation of Income Statement and Balance Sheet
    • All templates, tables, account names, headings etc
    will be provided:
    • You will only need to type in the amounts
    (numbers)
    • For Income Statement:
    • Number for COS/COGS needs to be in negative (include – or
    (brackets))
    • However, all other revenues and expenses are positive
    numbers
    • For Balance Sheet:
    • All numbers should be positive except for Accumulated
    Depreciation and/or Drawing and/or Loss (flow from Income
    statement) if applicable.
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Module 9 Homework Questions (posted on Blackboard)– Case Study
    Michael’s Fishing Supplies and Case Study Secretarial Services.
    Module 9 Tutorial Question 2 (P. Oodle Veterinary Surgeon) and 3
    (Australia Works) (distributed in the tutorial).
    Final
    Exam
    Question 6 – Internal Control – Module 10 –
    15 Marks – Manually Marked
    • Practical question
    • Worth 15 marks
    • Preparation of Bank reconciliation
    • Fill in the template provided (note the 2
    distinct sections: Book vs Bank)
    • Two column are provided: first column is to
    fill in the description of the transaction and
    the second column is for the amount
    • You do not need to fill in all blank cells, leave
    cells blank if not needed.
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Module 10 Homework Question – Chapter 10 Questions 16 and 24,
    Module 10 Tutorial Question – Chapter 10 Question 22.
    Please refer to the lecture illustrative example covered in Module 10 lecture
    (watch the iLecture)
    Final
    Exam
    Questions 7 to 16 – Multiple Choice Questions – Module 5
    to 8 2 Marks each -20 Marks in total – Auto-Marked by
    Wiley
    • Practical / calculation / theory question
    • 10 Multiple Choice / fill in the blanks Questions, each
    worth 2 marks
    • 5 of the MCQ (out of the 10) will cover GST (please note
    that this is the only place that GST will be covered in this
    whole exam)
    All questions stated are your homework and/or tutorial questions. All
    solutions have been provided on Blackboard
    Additional Questions to try:
    Financial account pool questions provided on Wiley Plus (Financial accounting Pools 1, 2 and 3. Please
    remember that:
    • Attempting these pools of questions are optional (up to you, if you feel you need more practice);
    • If you chose to try these questions, please use your judgement as not all questions are relevant
    to this course.
    THANK YOU
    & GOODLUCK!
    Please remember to
    complete your evaluations
    for both the Unit and the
    Teaching Staff
    (including your
    lecturer )
    All the best for your
    exam !

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