BBAW2103 FINANCIAL ACCOUNTING PERAKAUNAN KEWANGAN SEPTEMBER 2021 SEMESTER SPECIFIC INSTRUCTION / ARAHAN KHUSUS Answer in Malay or English

Question

BBAW2103

FINANCIAL ACCOUNTING

PERAKAUNAN KEWANGAN

SEPTEMBER 2021 SEMESTER

SPECIFIC INSTRUCTION / ARAHAN KHUSUS

Answer in Malay or English. /

Jawab dalam bahasa Melayu atau bahasa Inggeris.

Number of words : 2500 – 3000 words excluding references. /

Jumlah patah perkataan : 2500 – 3000 patah perkataan tidak termasuk rujukan.

Submit your assignment ONCE only in a SINGLE file. /

Hantar tugasan SEKALI sahaja dalam SATU fail.

Submit your assignment ONLINE. /

Tugasan ini dihantar secara ONLINE.

Submission date : 15^th November 2021./

Tarikh Penghantaran : 15hb November 2021.

This assignment accounts for 60% of the total marks for the course. /

Tugasan ini menyumbang sebanyak 60% dari jumlah markah kursus.

ASSIGNMENT QUESTION

PURPOSE

The purpose of this assignment is to enhance learners’ understanding on qualitative characteristic of accounting information requirement and enhance skills to analyse transactions, prepare the journal entry, trial balance and financial statements.

REQUIREMENT

You are required to answer Assignment 1 and Assignment 2. You have to submit both assignments ONCE only in a single file.

ASSIGNMENT 1: CLO 1

Select one listed company on Bursa Malaysia and access the annual report of the company for the year ended 2020.

Question 1:

Discuss how ‘forecast value’ may help users to make better decision.

(6)

Question 2:

Provide FOUR (4) examples of accounting information from the annual report to support your discussion.

(4)

[Total: 10 marks]

ASSIGNMENT 2: CLO2

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

Question 1:

The following transactions were recorded in the first month of the business for Rosewood Enterprise:

Date	Transactions
Sept 1	Puan Rosnah invested cash of RM20,000 into her business, called Rosewood Enterprise.
Sept 3	Rosewood Enterprise bought a few sets of furniture on credit at the price of RM2,500.
Sept 5	Rosewood Enterprise purchased equipment worth RM350 on credit from Buzz Sdn. Bhd.
Sept 11	Rosewood Enterprise received RM475 from customer for services provided.
Sept 17	Puan Rosnah withdrew cash of RM100 from the business for her personal use.

You are required to analyse the effects of the above transactions to the accounting equation by using the format given below:

Assets	=	Liabilities	+	Owner’s Equity

(10)

Question 2:

Menora Wealth Management completed the following transactions during December in the current year:

Date	Transactions
December 1	Started a financial planning services company by investing RM150,000 cash and office equipment of RM50,000.
2	Purchased RM12,000 of office equipment on credit.
3	Purchased RM3,000 of office supplies on credit.
4	Completed service for a client and received a payment of RM9,000 cash.
8	Completed service for Syarikat Bizara on credit amounting to RM17,000.
10	Paid the supplier for the office supplies purchased on 3 December.
14	Paid RM9,600 being the annual premium for an insurance policy.
18	Received payment in full from Syarikat Bizara for the service completed on 8 December.
27	Owner withdrew RM6,500 cash from the company to pay personal expenses.
30	Paid RM1,750 cash for the utility bills in December.
31	Received RM20,000 cash from a client for a financial service to be rendered next year.

Required:

Prepare journal entries to record all of the above transactions.

(11.5)

Post the journal entries to the three column ledgers.

(6)

Prepare the trial balance as at 31 December 2020.

(3)

(Total: 20.5 marks)

Question 3:

The accounts’ balances for Klinik Dr. Aiman as at 31 December 2020 are as follows:

Accounts	Debit	Credit
	RM	RM
Cash	11,400
Accounts receivable	3,500
Prepaid insurance	3,150
Clinic supplies	1,250
Clinic equipment	10,650
Accumulated depreciation – Clinic equipment		4,500
Clinic premise	144,750
Accumulated depreciation – Clinic premise		14,375
Land	138,500
Wages payable		2,625
Interest payable		2,750
Notes payable		127,000
Capital, Aiman		129,650
Service revenue		73,000
Wages expense	9,000
Utilities expense	2,750
Insurance expense	2,550
Maintenance expense	5,125
Interest expense	12,750
Clinic supplies expense	3,250
Depreciation expense – Clinic equipment	1,500
Depreciation expense – Clinic premise	3,775
Total	353,900	353,900

Required:

Prepare the income statement for the year ended 31 December 2020.

(6.5)

b) Prepare the statement of owner’s equity for the year ended 31 December 2020.

(3)

c) Prepare the balance sheet as at 31 December 2020.

(10)

(Total: 19.5 marks)

[Total: 50 marks]

SOALAN TUGASAN

TUJUAN

Tujuan tugasan ini adalah untuk mempertingkatkan pemahaman pelajar tentang ciri-ciri kualitatif keperluan maklumat perakaunan dan mempertingkatkan kemahiran untuk menganalisa urus niaga, menyediakan catatan jurnal, imbangan duga dan penyata kewangan.

KEPERLUAN

Anda dikehendaki untuk menjawab Tugasan 1 dan Tugasan 2.  Anda perlu menghantar kedua-dua tugasan dalam SATU fail sahaja.

TUGASAN 1: CLO1

Pilih satu syarikat tersenarai di Bursa Malaysia dan capai laporan tahunan syarikat itu bagi tahun berakhir 2020.

Soalan 1:

Bincangkan bagaimana ‘nilai ramalan’ dapat membantu pengguna-pengguna membuat keputusan yang lebih baik.

(6)

Soalan 2:

Berikan EMPAT (4) maklumat perakaunan dari laporan tahunan tersebut untuk menyokong perbincangan anda.

(4)

[Jumlah: 10 markah]

TUGASAN 2: CLO2

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

Soalan 1:

Urus niaga-urus niaga berikut telah direkodkan dalam bulan pertama perniagaan bagi Rosewood Enterprise:

Tarikh	Urus niaga-urus niaga
Sept 1	Puan Rosnah melaburkan tunai berjumlah RM20,000 ke dalam perniagaan beliau, benama Rosewood Enterprise.
Sept 3	Rosewood Enterprise membeli beberapa set perabot secara kredit pada harga RM2,500.
Sept 5	Rosewood Enterprise membeli peralatan bernilai RM350 secara kredit daripada Buzz Sdn. Bhd.
Sept 11	Rosewood Enterprise menerima RM475 tunai daripada pelanggan untuk perkhidmatan yang diberikan.
Sept 17	Puan Rosnah mengeluarkan tunai sebanyak RM100 daripada perniagaan untuk kegunaan peribadinya.

Anda dikehendaki untuk menganalisa kesan-kesan urus niaga di atas terhadap persamaan perakaunan dengan menggunakan format yang diberikan di bawah:

Aset	=	Liabiliti	+	Ekuiti Pemilik

(10)

Soalan 2:

Menora Wealth Management menyelesaikan urus niaga – urus niaga berikut sepanjang bulan Disember di dalam tahun semasa:

Tarikh	Urus niaga – urus niaga
Disember 1	Memulakan sebuah syarikat perkhidmatan perancangan kewangan dengan melaburkan tunai RM150,000 dan peralatan pejabat RM50,000.
2	Membeli RM12,000 peralatan pejabat secara kredit.
3	Membeli RM3,000 bekalan pejabat secara kredit.
4	Menyelesaikan perkhidmatan untuk seorang klien dan menerima bayaran RM9,000 tunai.
8	Menyelesaikan perkhidmatan untuk Syarikat Bizara secara kredit berjumlah RM17,000.
10	Membayar pembekal untuk bekalan pejabat yang dibeli pada 3 Disember.
14	Membayar RM9,600 premium tahunan bagi satu polisi insurans.
18	Menerima bayaran penuh daripada Syarikat Bizara bagi perkhidmatan yang diselesaikan pada 8 Disember.
27	Pemilik mengeluarkan RM6,500 tunai daripada syarikat untuk membayar belanja peribadi.
30	Membayar tunai RM1,750 bagi bil utiliti Disember.
31	Menerima RM20,000 tunai daripada seorang klien untuk perkhidmatan kewangan yang akan diberikan tahun depan.

Dikehendaki:

Sediakan catatan-catatan jurnal untuk merekodkan semua urus niaga di atas.

(11.5)

Pindah catat catatan-catatan jurnal tersebut ke lejar tiga lajur.

(6)

Sediakan Imbangan duga pada 31 Desember 2020.

(3)

(Jumlah: 20.5 markah)

Soalan 3:

Semua baki-baki akaun bagi Klinik Dr. Aiman pada 31 Disember 2020 adalah seperti berikut:

Akaun-akaun	Debit	Kredit
	RM	RM
Tunai	11,400
Akaun belum terima	3,500
Insurans prabayar	3,150
Bekalan klinik	1,250
Peralatan klinik	10,650
Susut nilai terkumpul – Peralatan klinik		4,500
Premis klinik	144,750
Susut nilai terkumpul – Premis klinik		14,375
Tanah	138,500
Upah belum bayar		2,625
Faedah belum bayar		2,750
Nota belum bayar		127,000
Aiman, Modal		129,650
Hasil perkhidmatan		73,000
Belanja upah	9,000
Belanja utiliti	2,750
Belanja insurans	2,550
Belanja penyenggaraan	5,125
Belanja faedah	12,750
Belanja bekalan klinik	3,250
Belanja susut nilai – Peralatan klinik	1,500
Belanja susut nilai – Premis klinik	3,775
Jumlah	353,900	353,900