ASSIGNMENT/ TUGASAN

_________________________________________________________________________
BBFA2103
FINANCIAL ACCOUNTING AND REPORTING I
PERAKAUNAN KEWANGAN DAN PELAPORAN I
JANUARY 2024 SEMESTER

SPECIFIC INSTRUCTION / ARAHAN KHUSUS

1. Answer in Malay or English. /

Jawab dalam Bahasa Melayu atau Bahasa Inggeris.

2. Submit your assignment ONCE only in a SINGLE file. /

Hantar tugasan SEKALI sahaja dalam SATU fail.

3. Submit your assignment ONLINE. /

Tugasan ini dihantar secara ONLINE.

4. Submission date : 11th March 2024. /

Tarikh Penghantaran : 11hb Mac 2024.

5. This assignment accounts for 40% of the total marks for the course. /
Tugasan ini menyumbang sebanyak 40% dari jumlah markah kursus.

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 ASSIGNMENT QUESTION

Part I

PURPOSE
The purpose of this assignment is to enhance learners’ skills in analysing the importance
of financial reporting, applying the accounting process in recording the transactions of a
partnership and analysing the internal control system of current assets.

REQUIREMENT
Answer all the questions and show your detailed workings clearly.

[Total: 30 marks]

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QUESTION 1 (CLO1)

Financial reporting refers to the process of presenting the financial performance and
position of a company to external stakeholders, including investors.

Discuss how the adherence to accounting standards in the preparation of financial reports
by corporations contributes to the overall confidence of investors.
(Total: 10 marks)

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Question 2 (CLO2)

The three partners of Delight Enterprise, namely Suria, Lana and Ara agreed to share
profits and losses of the partnership in a ratio of 4:3:1. Due to various disagreements
amongst the partners, they decided to dissolve the partnership on 31 March 2023.

The balance sheet of the partnership as at 31 March 2023 is as follows:

RM RM

Non-Current Assets:
Plant and machinery 165,000
Motor vehicle 110,000
Furniture & Fittings 25,000
300,000

Current Assets:
Inventories 115,000
Debtors 185,000
Bank 18,000
318,000

Current Liability:
Creditors (57,600) 260,400
560,400

Capital:
Suria 340,000
Lana 290,000
Ara (69,600)
560,400

The following terms and conditions were agreed among the partners:

i. Ara was unable to pay up the amount due to the partnership. Suria and Lana
agreed to absorb Ara’s debts.

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 ii. Lana took over all the debtors at RM165,000.
iii. Lana agreed to take over the plant and machinery at book value to start up her
own business.
iv. Suria took over some assets at the following values:
RM
Motor vehicle 85,000
Inventories 100,000

v. Suria was required to settle the creditors for RM54,000.

vi. Dissolution expenses of RM2,500 were paid.

You are required to prepare the following ledger accounts in T-format as at 31 March 2023
for the purpose of the dissolution:

a) Realisation account.
(5.5)
b) Partners’ capital accounts.
(9.5)
c) Explain the concept of goodwill in a partnership.
(5)

(Total : 20 marks)
[Total: 30 marks]

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Part II

ONLINE CLASS PARTICIPATION (10%)

Discuss the following topic in the forum and submit proof of your participation in the
online discussions:

You are the new account manager, and your responsibility is to ensure the efficiency of
the internal control systems in your company.
1. Discuss the importance of internal control for a company.
2. Explain to your subordinate, the effective procedures with specific examples in
ensuring adequate internal control of assets in your company.

(Total: 10 marks)

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 SOALAN TUGASAN

Bahagian I

TUJUAN
Tujuan tugasan ini adalah untuk meningkatkan kemahiran pelajar dalam menganalisis
kepentingan pelaporan kewangan, mengaplikasikan proses perakaunan dalam merekod
urus niaga perkongsian dan menganalisis sistem kawalan dalaman aset semasa.

KEPERLUAN
Jawab semua soalan dan tunjukkan jalan kerja terperinci anda dengan jelas.

[Jumlah: 30 markah]

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Soalan 1 (CLO1)

Pelaporan kewangan merujuk kepada proses membentangkan prestasi kewangan dan

kedudukan syarikat kepada pihak berkepentingan luar, termasuk pelabur.

Bincangkan bagaimana pematuhan kepada piawaian perakaunan dalam penyediaan laporan

kewangan oleh syarikat menyumbang kepada keyakinan keseluruhan pelabur.

(10)

PENDAHULUAN
MAKSUD PIAWAIAN PERAKAUNAN. KAEDAH PEMATUHAN PERAKUNAN

KEPENTINGAN PENYEDIAAN LAPORAN KEWANGAN MENGIKUT PIAWAN PERAKAUNAN

YANG MENINGKATKAN KEYAKINAN KESELURUHAN PELABUR

Financial reporting refers to the process of presenting the financial performance and
position of a company to external stakeholders, including investors.

Discuss how the adherence to accounting standards in the preparation of financial reports
by corporations contributes to the overall confidence of investors. Define, elaborate,
explain. example and Impact on Investor Confidence for the point below .

1. UNDERSTANDABILITY

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Soalan 2 (CLO 2)

Tiga orang rakan kongsi Delight Enterprise, bernama Suria, Lana dan Ara bersetuju untuk
berkongsi untung dan rugi bagi perkongsian dalam nisbah 4:3:1. Oleh kerana pelbagai
percanggahan antara rakan kongsi, mereka mengambil keputusan untuk membubarkan
perkongsian berkenaan pada 31 Mac 2023.

Kunci kira-kira bagi perkongsian tersebut pada 31 Mac 2023 adalah seperti berikut:

RM RM

Aset Bukan Semasa:

Loji dan jentera 165,000
Kenderaan bermotor 110,000
Perabot & Kelengkapan 25,000
300,000

Aset-aset Semasa:
Inventori 115,000
Penghutang 185,000
Bank 18,000
318,000

Liabiliti Semasa:
Pemiutang (57,600) 260,400
560,400

Modal:
Suria 340,000
Lana 290,000
Ara (69,600)
560,400

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Terma dan syarat berikut telah dipersetujui oleh semua rakan kongsi:

Ara tidak mampu membayar amaun tertunggak kepada perkongsian. Suria dan Lana
bersetuju menanggung hutang Ara.
i. Lana mengambil alih semua penghutang pada RM165,000.
ii. Lana bersetuju mengambil alih loji dan jentera pada nilai buku untuk memulakan
perniagaannya sendiri.
iii. Suria mengambil alih beberapa aset pada nilai berikut:
RM
Kenderaan bermotor 85,000
Inventori 100,000
iv. Suria dikehendaki menyelesaikan pemiutang sebanyak RM54,000.
v. Belanja pembubaran sebanyak RM2,500 telah dibayar.

Anda dikehendaki untuk menyediakan akaun-akaun lejar berikut dalam format-T pada 31
Mac 2023 bagi tujuan pembubaran:

a) Akaun realisasi.

(5.5)
b) Akaun-akaun modal rakan kongsi.

(9.5)

c) Terangkan konsep muhibah dalam sesebuah perkongsian (font)

(5)

(Jumlah : 20)
[Jumlah: 30 markah]

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Bahagian II

PERBINCANGAN KELAS DALAM TALIAN (10%)

Bincangkan topik berkenaan di dalam forum dan hantar bukti penglibatan anda dalam
perbincangan dalam talian.

Anda adalah seorang pengurus akaun baru, dan tanggungjawab anda ialah untuk
memastikan keberkesanan sistem kawalan dalaman dalam syarikat anda.
1. Bincangkan kepentingan kawalan dalam bagi sebuah syarikat.
2. Terangkan kepada staf bawahan anda, prosedur-prosedur yang berkesan berserta
contoh-contoh khusus dalam memastikan kawalan dalaman yang mencukupi bagi
aset-aset di dalam syarikat anda.

[Jumlah: 10 markah]

Berikut adalah prosedur-prosudur yang berkesan serta contoh-contoh khusus yang boleh
diaplikasian oleh staf bawahan dalam memastikan kawalan dalaman yang mencukupi bagi
aset-aset di dalam syarikat

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 Part II/Bahagian II (10%)

Excellent Good Fair Poor Unsatisfactory Max

*QN CLO Criteria Weight
4 3 2 1 0 Marks
1 & 2 CLO 1 Quality of Postings All five comments are Four of the comments are Two or three of the One post submitted. Postings done past
good, appropriate, good, appropriate, comments are OR All posts done in assignment timeline.
relevant, meaningful, relevant, meaningful, and somewhat good, one day. OR No postings
and respectful. respectful. appropriate, meaningful OR None of the given as proof of
Cognitive Domain Postings reflect active Postings reflect and respectful. comments are good participation in
(A3) participation within participation within Postings show relatively and relevant. discussion.
assignment timeline. assignment timeline. short participation time. OR Comments are
short responses that
are not substantial nor
meaningful. Minimum
effort (e.g. “I agree
with Tina”)
2.5 10
Kualiti Postings Kelima-lima komen baik, Empat Dua atau tiga komen Satu penghantaran Postings melepasi
sesuai, relevan, komen baik, sesuai, baik, sesuai, ATAU Semua tempoh tugasan.
bermakna dan relevan, bermakna dan relevan,bermakna dan penghantaran dibuat ATAU Tiada Postings
Domain Kognitif berhemah. berhemah. berhemah dalam satu hari . diberi sebagai bukti
(A3) Postings mencerminkan Postings mencerminkan Postings menunjukkan ATAU Tiada komen penyertaan dalam
penyertaan aktif penyertaan sepanjang penyertaan dalam yang baik dan relevan. perbincangan
sepanjang tempoh tempoh tugasan. jangakamasa yang ATAU Komen hanya
tugasan. singkat. respon yang ringkas
dan tidak meluas dan
tidak bermakna.Usaha
minimum (Cth: “Saya
bersetuju dengan
Tina”)
Total 2.5 10
*QN = Question Number / *NS = Nombor Soalan

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INSTRUCTIONS ON HOW TO SUBMIT PROOF OF ONLINE CLASS PARTICIPATION (10%)
Do the following:
1. Select the best FIVE (5) of your postings from the forum discussion set up by your tutor.
2. Do screenshots of the postings and include them as images in your assignment.
3. The screenshots should be in image file (either in JPG or PNG format). Refer to the sample of Screen Grab below
4. The screenshots should contain: Name, Title of the discussion, Day, Date and Time.

ARAHAN PENGHANTARAN BUKTI PENYERTAAN KELAS DALAM TALIAN (10%):

Lakukan perkara berikut:
1. Pilih LIMA (5) posting anda yang terbaik daripada perbincangan forum yang ditetapkan dalam tugasan.
2. Lakukan screen shot posting dan isikan dalam bentuk imej di dalam fail tugasan anda.
3. Imej screen shot mesti dalam format imej (sama ada JPG atau PNG). Rujuk pada contoh screen shot di bawah.
4. Screen shot mesti mengandungi nama, tajuk perbincangan, hari, tarikh dan masa.

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