ASSIGNMENT/ TUGASAN

_________________________________________________________________________
BBFA2103
FINANCIAL ACCOUNTING AND REPORTING I
PERAKAUNAN KEWANGAN DAN PELAPORAN I
SEPTEMBER 2023 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 : 14th November 2023. /

Tarikh Penghantaran : 14hb November 2023.

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 explaining the conceptual
framework aspects and applying the accounting process in recording the transactions of a
partnership.

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

[Total: 30 marks]

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QUESTION 1 (CLO1)

All accounting members should practice ethical behaviour, which is essential in accounting
professional practices. Explain at least THREE ethical behaviour standards that are
applicable to accounting members. Support your answer by giving relevant examples.

(Total: 10 marks)

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Question 2 (CLO2)

Akhbal and Bala are partners operating an educational toy factory in Bandar Uda. They
share the profit and loss of the business in the proportion of 3/5 and 2/5 respectively.
They plan to expand the business and invited Chong to participate in the partnership
starting 1 July 2022.

The existing partners will share profits in the same ratios as before. Mohamad needs to
bring in cash of RM680,000 as capital in order for him to be entitled to one-quarter of the
partnership’s profits in the future.

The balance sheet of Akhbal and Bala as at 30 June 2022 is as follows:

Akhbal and Bala

Balance Sheet
as at 30 June 2022
RM RM
Non Current Assets:
1,380,00
Plant and machinery 0
Motor vehicles 865,000

2,245,00
0
Current Assets:
Inventories 121,000
Trade receivables 712,000
Bank 85,600
918,600
Less:
Current Liability;
Trade payables 585,000
333,600
2,578,60
0

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 Capital :
1,508,60
Akhbal 0
1,070,00
Bala 0
2,578,60
0

Upon the admission of Chong, the existing assets of the partnership will be revalued as
follows:

RM
Plant and machinery 1,400,000
Motor vehicles 880,000
Trade receivables 672,000
Inventories 128,000

Business goodwill of RM328,000 is to be kept in the book for future amortisation.

Based on the above information, you are required to prepare:

a) The revaluation account.

(5)

b) The partners' capital account.

(5)

c) The balance sheet after necessary adjustments have been made.

(10)
(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:

Accountants frequently deal with complex and contentious issues when making
recognition and measurement decisions. They must decide what events to record, when
to record the events, and how to correctly measure the financial effects. Differentiate
between recognition and measurement of the elements in financial statements. Support
your answer with relevant examples.

(Total: 10 marks)

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 SOALAN TUGASAN

Bahagian I

TUJUAN
Tujuan tugasan ini adalah untuk mempertingkatkan kemahiran pelajar dalam menerangkan
aspek-aspek rangka kerja konseptual dan mengaplikasikan proses perakaunan dalam
merekod urus niaga-urus niaga bagi sebuah perkongsian.

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

[Jumlah: 30 markah]

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Soalan 1 (CLO1)

Semua ahli perakaunan harus mengamalkan tingkah laku beretika, yang penting dalam
amalan profesional perakaunan. Terangkan sekurang-kurangnya TIGA standard tingkah laku
etika yang boleh digunakan untuk ahli perakaunan. Sokong jawapan anda dengan
memberikan contoh-contoh berkaitan.

(10)

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Soalan 2 (CLO 2)

Akhbal dan Bala merupakan rakan kongsi yang mengendalikan sebuah kilang mainan
pendidikan di Bandar Uda. Mereka berkongsi keuntungan dan kerugian perniagaan dalam
nisbah 3/5 dan 2/5 masing-masing. Mereka merancang untuk mengembangkan perniagaan
berkenaan dan menjemput Chong untuk mengambil bahagian dalam perkongsian itu
bermula 1 Julai 2022.

Rakan kongsi sedia ada akan berkongsi keuntungan dalam nisbah yang sama seperti
terdahulu. Chong perlu membawa masuk tunai sebanyak RM680,000 sebagai modal supaya
beliau layak mendapat satu suku daripada keuntungan perkongsian akan datang.

Kunci kira-kira bagi Akhbal dan Bala pada 30 Jun 2022 adalah seperti berikut:

Akhbal dan Bala

Kunci kira-kira
pada 30 Jun 2022
RM RM
Aset-aset Tetap:
1,380,00
Loji dan jentera 0
Kenderaan bermotor 865,000

2,245,00
0
Aset-aset Semasa:
Inventori 121,000
Perdagangan belum terima 712,000
Bank 85,600
918,600

Tolak:
Liabiliti Semasa:
Perdagangan belum bayar 585,000
333,600
2,578,60
0

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 Modal:
1,508,60
Akhbal 0
1,070,00
Bala 0
2,578,60
0

Dengan penyertaan Chong, aset-aset perkongsian berkenaan akan dinilai semula seperti
berikut:
RM
Loji dan jentera 1,400,000
Kenderaan bermotor 880,000
Perdagangan belum terima 672,000
Inventori 128,000

Muhibah perniagaan sebanyak RM328,000 akan disimpan dalam buku untuk pelunasan
akan datang.

Anda dikehendaki untuk menyediakan:

a) Akaun penilaian semula.

(5)

b) Akaun-akaun modal rakan kongsi.

(5)
c) Kunci kira-kira setelah pelarasan yang sepatutnya telah dibuat.
(11)
(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.

Akauntan kerap menangani isu yang rumit dan dipertikaikan apabila membuat keputusan
pengiktirafan dan pengukuran. Mereka mesti memutuskan peristiwa yang hendak
direkodkan, bila hendak merekodkan peristiwa itu, dan cara mengukur kesan kewangan
dengan betul. Bezakan antara pengiktirafan dan pengukuran elemen dalam penyata
kewangan. Sokong jawapan anda dengan contoh-contoh yang berkaitan.

[Jumlah: 10 markah]

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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 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
relevant, meaningful, relevant, meaningful, and somewhat good, one day. timeline.
and respectful. respectful. appropriate, meaningful OR None of the OR No postings
Cognitive Domain Postings reflect active Postings reflect and respectful. comments are good given as proof of
(A3) participation within participation within Postings show relatively and relevant. participation in
assignment timeline. assignment timeline. short participation time. OR Comments are discussion.
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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