MPA702 – Financial Interpretation - Assessment Task 1 – Individual Assignment

Description
This is a two-part task with the following descriptions:
A). The first part of the task focuses on your practical knowledge of analysis of accounting transactions and also contents and structures of the two key financial statements, income statement and balance sheet. These issues are the entry points to understand the information of corporate financial reporting.
B). In part two of this task, you will conduct a short research on corporate social responsibility (CSR). This is about CSR concept, and the theories supporting CSR activities and reporting.

Specific Requirements:
Part 1 (25 +7+ 18 = 50 marks)
Lee’s Computer System Consulting (LCS Consulting) began operations on first June 2021 and completed the following transactions during the month. Her clients will include local businesses and individuals. Her first month of transactions trading as LCS Consulting are provided below.
a) You are required to record the following events into the transaction analysis chart or indicating if the event is not an accounting event (template provided).

Additional information at the end of the month (30 June 2021):
• Salaries owing at balance date are $2,530.
• The business depreciation policy is this: if an asset is purchased in the first half of the month, the asset is depreciate for the full month, if the asset is purchased in the second half of the month, no depreciation shall be applied for the month.

Depreciation information:
- Van- useful life 5 years, residual value $5000, straight line method.
- Computer equipment - 40%, no residual value, reducing balance method.
- Office furniture – 4 years, residual value $200, straight line method.
• Accounts for one month of insurance and lease expenses.
• $All the office supplies remained unused at balance day.
• Ignore GST and income tax.
b) Prepare the classified Income Statement and Balance Sheet for the month ending 30
June 2021 for .
Please note that your answer to this part (1-b) must be presented after part (1-a) in the same
file.

Part 2 (50 marks)
Background
Corporate social responsibility (CSR) concerns ‘the responsibility of an organisation for the impacts of its decisions and activities on society and the environment through transparent and ethical behaviour that contributes to sustainable development; takes into account the expectations of stakeholders; complies with applicable laws and consistent international norms of behaviour; and is integrated throughout the organisation and practiced in its relationships’ (Shaw et al, 2021, p. 129,
*).
*Shaw, WH, Barry, V, Muntean, D, Issa, T, Illott, G, and Cateley B (2021) Moral Issues in Business, 4th Asia Pacific edn, Cengage, Melbourne.

Required:
You are required to research information on the below issues.
1- The concept of CSR and historical evolution of the concept.
2- The common theories supporting CSR activities and reporting (you should discuss 3 relevant theories).
Then discuss and document the results of your research on the above issues in an essay format with the following suggested sections1:
 Introduction (suggesting 100-150 words);
 Body, can be presented under some subheadings (suggesting 900-1000 words);
 Conclusion (suggesting 100-150 words).

Additional information:
 You are expected to undertake research in order to complete this task. Review of the above referred source can be a good point to start with. Your research should also include further primary-source references i.e. peer-reviewed journal articles, scholarly books, and professional publications (avoid Wikipedia type material).
 You are required to use a minimum of 6 references (minimum 4 academic peer reviewed journal articles and the other 2 can be from other types of resources e.g., scholarly books, professional publications) to support your discussion. Your references can be included the given source.
 Word Limit: 1200 words (excluding reference list), double-spaced, 12-point Ariel, or Times New Roman font. A word count must be included. Students exceeding the word limit by more than 10% will incur a mark penalty.
 Students must submit a properly referenced assignment that complies with the Harvard referencing style. This includes in-text citations and a reference list. Your total mark out of 100 for Parts 1 & 2 will be converted to a percentage out of 20%.

Learning Outcomes
This task allows you to demonstrate achievement towards the unit learning outcomes. The ULOs are aligned with specific graduate learning outcomes – that is, the skills and knowledge graduates are expected to have upon completion of their studies – and this assessment task is an important tool in determining achievement of those outcomes.
1 This word limit is guidance only. Your word allocation between sections may vary. If you do not demonstrate achievement of the unit learning outcomes, you will not be successful in this unit.
It is good practice to familiarise yourself with the ULOs and GLOs as they provide guidance on the knowledge, understanding and skills you’re expected to demonstrate upon completion of the unit. In this way they can be used to guide your study.
Table for learning outcomes that are aligned to this task goes here:

Submission
 This assignment is to be submitted ONLINE ONLY (You are NOT required to submit a hard copy).
 When uploading your assignment, name your documents using the following syntax: <your surname_your first name_your Deakin student ID number_MPA702.doc (or ‘.docx’). For example, ‘Jones_Barry_123456789_MPA702.doc’.
 You must type in your answer for question 1(a) on the proforma provided and to be followed by your answers for 1(b). If not submitted on the proforma it will not be marked.
 The completed assignment questions must be in two WORD / PDF files (part 1, the practical case and Part 2, the essay) and submitted into the allocated areas on CloudDeakin under the Dropbox folder.
 You are not required to upload an Assignment Cover Sheet.
 Once submitted you cannot take your assignment back BUT you CAN SUBMIT another version. The most recent version submitted will be marked.
 Please refer to the rubric for guidance on the marking structure.
 You must keep a backup copy of every assignment you submit, until the marked assignment has been released to you. In the unlikely event that one of your assignments is misplaced, you will need to submit your backup copy.
 Any work you submit may be checked by electronic or other means for the purposes of detecting collusion and/or plagiarism.
 When you submit an assignment through your CloudDeakin unit site, you will receive an email to your Deakin email address confirming that it has been submitted. You should check that you can see your assignment in the Submissions view of the Assignment Dropbox folder after upload, and check for, and keep, the email receipt for the submission.

Marking and feedback
The marking rubric for this task is available in the MPA702 CloudDeakin unit site - in the Assessment folder (under Assessment Resources). It is always a useful exercise to familiarise yourself with the criteria before completing any assessment task. Criteria act as a boundary around the task and help identify what assessors are looking for specifically in your submission. The criteria are drawn from the unit’s learning outcomes ensuring they align with appropriate graduate attribute/s. Identifying the standard you aim to achieve is also a useful strategy for success and to that end, familiarising yourself with the descriptor for that standard is highly recommended. Students who submit their work by the due date will receive their marks and feedback on CloudDeakin 15 working days after the submission date