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Accounting Systems and Processes Name of the University Author's Note

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Charles Sturt University

   

Accounting Systems and Processes (ACC566)

   

Added on  2020-03-04

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ACC566 - The following assignment has questions and answers which are used in the accounting process and systems such as what is Plagiarism, five websites relevant to accounting, and How computer spreadsheets can be copied and pasted into word documents. what are the ways to do the same.?

Accounting Systems and Processes Name of the University Author's Note

   

Charles Sturt University

   

Accounting Systems and Processes (ACC566)

   Added on 2020-03-04

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Running head: ACCOUNTING SYSTEMS AND PROCESSESAccounting Systems and ProcessesName of the StudentName of the UniversityAuthor’s Note
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1ACCOUNTING SYSTEMS AND PROCESSESTable of ContentsAnswer to Question 1......................................................................................................................2Answer to Question 2......................................................................................................................2Answer to Question 3......................................................................................................................3Answer to Question 4......................................................................................................................3Answer to Question 5......................................................................................................................4Answer to Question 6......................................................................................................................4Answer to Question 7......................................................................................................................5Answer to Question 8......................................................................................................................8Answer to Question 9......................................................................................................................9Answer to Question 10....................................................................................................................9Answer to Question 11..................................................................................................................12Answer to Question 12..................................................................................................................13Answer to Question 13..................................................................................................................14Answer to Question 14..................................................................................................................14Answer to Question 15..................................................................................................................14References......................................................................................................................................19
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2ACCOUNTING SYSTEMS AND PROCESSESAnswer to Question 1Plagiarism refers to one of the major ethical dilemmas of the academic students and it islargely affects the honesty of the student’s work. Most of the professors all over the worldconsider plagiarism as a major academic crime that affects the academic career of the studentslargely. However, there are various technological techniques to check the plagiarism in thestudent’s papers. With the help of these plagiarism checkers, the professors can support the hardwork and capabilities of the honest students (Rowinska-Zyrek et al., 2013).Answer to Question 2It need to be mentioned that Excel sheets are the examples of computer spreadsheets.There are various methods to copy and paste the excel sheets in the work document. Among allthese, two methods are most popular among the users. They are shown below:Simple Pasting Method: There are some specific steps involved in this method and they areshown below:To select the excel sheets along with the columns and rows headingsMouse right click and select the paste portion; or to use Ctrl+C in the key board insteadIn the work document file, mouse right click and select paste; or to use Ctrl+V in the keyboard insteadThe process is shown below as the form of image:Method of Pasting in Image: In this particular process, one pastes the excel sheets in the workdocuments as the form of image. There are also some specific steps in this process and they areshown below:To select the excel sheets along with the columns and rows headingsMouse right click and select the paste portion; or to use Ctrl+C in the key board instead
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3ACCOUNTING SYSTEMS AND PROCESSESIn the work document file, use Alt+E+S in the keyboard and to select the pictureThis total process is presented below as the form of images:Answer to Question 3URLSExplanationshttp://www.accountantsaustralia.com.auThe main aim of this site is to provide the accountantsand others users with various financial solutions so theoverall performance of the organizations can beimproved.http://indigenousaccountants.com.auThe main objective of this site is to provide theaccountants and other users with new accountinginformation so that they can be motivated to carry ontheir business operations smoothly.https://www.charteredaccountantsanz.comThe main motto of this site is to provide the accountantswith various relevant accounting and financial reportsfor the improvement of financial reporting andaccounting principles.https://www.cpaaustralia.com.auThe focus of this organization is to improve the skills ofthe accountants and various accounting professionalsfor the smooth conduct of the accounting processes. https://www.ato.gov.auThe aim of this organization is to provide the users withall taxation related information. Answer to Question 4One of the major present accounting bodies of Australia is Institute of CharteredAccountant Australia. The main aim of this organization is to provide accountingprofessionalism helps to the accountants and others users. Apart from this, this institute alsoprovides different accounting education to the accountants so that they can utilize them at thetime of running the accounting operations of the companies (Evans, Burritt & Guthri, 2013).
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4ACCOUNTING SYSTEMS AND PROCESSESAnswer to Question 5Previously, I used to work in an educational institute. Our main job responsibility was totrain the students for the various entrance exams of engineering as well as medical. In thatorganization, there were commuting work ambiance than my current work place. My key jobresponsibility was to tackle the documentation and administration works in the organization. As Ihad to depend on computers for all of my works, the computers needed to be updated. In myoffice computer, I used to save all the data in the data saving file and I used to update them onthe computer. The network used in the organization was reliable and easily accusable as theywere linked with the commuter. Microsoft office program was installed in my compute and Iused to work with Microsoft office software like Microsoft Word, Microsoft Excel, MicrosoftPower Point and Microsoft Outlook. At the time of working with the organization, I used toaware with various educational courses and programs that largely helped the students to do wellin the entrance examinations. At the time of managing the administration related works of theorganization, I used to notice that the fact that the company used to run in a profitable way.At present, I am working with a bank in the position of manager. In the bank, themanagement provided me with various daily materials like task lamp, document holder, andphone head along with a personal computer for my work. I was also provided with separatechairs and desk so that I feel comfortable while working. As all the business operations of thebank are related with money, it is needed to maintain secrecy and confidentiality of information.The work environment is friendly as well as productive and all the employees are provided withfreedom so that everyone can use the resources optimally.Answer to Question 6The case of ABC learning focuses on different fraudulent and manipulative businessactivities of the company. The main agenda behind these manipulations was to hide the massivelosses of the company. With the help of higher amount of intangible assets, the company inflatedtheir financial statements as an aim to keep the interest of the company’s shareholders. With thehelp of the analysis and evaluation of the accounting scandals of ABC Learning, one canmeasure the unethical ways that the company took at the time of preparing their financialstatements (Sumsion, 2012).After the analysis and evaluation of the case of ABC Learning, it can be said that balancesheet, income statement and statement of cash flow are the crucial financial reports of thecompanies that they must prepare ethically. The business organizations can find all the cashtransactions of a particular financial year with the help of cash flow statement. With the help ofthe analysis of balance sheet, one can judge the financial health of an organization for aparticulars financial year. Lastly, business organizations can determine the amount of net profitand the amount of all the expenditure by using the statement of income (Logan, Press &Sumsion, 2012).From the analysis and evaluation of the case of ABC Learning, it becomes prominent thatthe company manipulated the tangible assets of the company to manipulate its financialstatements. Apart from this, from the valuation of returns, it can be seen that the company wasunable to maintain its required current assets ratio in order to fulfill its current businessobligations. In addition, the company was also unable to generate the required cash for theirbusiness activities. All these problems massively affected the solvency condition of the
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5ACCOUNTING SYSTEMS AND PROCESSEScompany. Manipulations in the financial statements are done to attract the investors so that thecompany becomes able to raise more capital (Newberry & Brennan, 2013).The relevant unethical issues discovered from the ABC Learning case are as below:The company was accused to provide its investors with wrong financial information ofthe financial reports and this process misled the investors in the process of investment.In order to increase the total asset base, the company manipulated the amount of tangibleassets in the financial reports in order to improve the solvency position of the company.ABC learning involved themselves in the manipulation of profit margins that causedirregularities in the financial reports (Ross, Sy & Tinker, 2012).Answer to Question 7PALER
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