UNIVERSITI TUNKU ABDUL RAHMAN

FACULTY OF BUSINESS AND FINANCE

ACADEMIC YEAR 2021/2022

BACHELOR OF BUSINESS ADMINISTRATION (HONS)

BACHELOR OF BUSINESS ADMINISTRATION (HONS) ENTREPRENEURSHIP
BACHELOR OF ECONOMICS (HONS) FINANCIAL ECONOMICS
BACHELOR OF TECHNOLOGY (HONS) IN INDUSTRIAL MANAGEMENT
BACHELOR OF BUSINESS ADMINISTRATION (HONS) RISK MANAGEMENT

MAY 2021

UBAF1033 BUSINESS ACCOUNTING I

ASSIGNMENT BRIEF 2 – WRITTEN REPORT ASSIGNMENT

Teaching Methodology:

This written report assignment follows a self-directed learning approach in which

students are expected to take initiatives in conducting self-learning. Therefore, students
will have to look for learning resources on their own with the minimum assistance of
lecturer or tutors and learn the topics through self-studies and group discussions.

Instructions:

1. Students are required to form a group that consists of FIVE (5) members within the
same tutorial class. All the groups are required to register with their respective tutors
by WEEK 4, Wednesday (30 June 2021), 12pm. The group members will remain
the same throughout the presentation assignment and written report assignment.

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2. This written report assignment consists of FIVE (5) tasks and students are required to
complete ALL tasks.

3. Assignments should be computer-typed, showing 1.5 spacing with justified alignment

(wherever applicable), having a font size of 12, and using Times New Roman.
Scanned hand-written assignments will NOT be accepted. All pages should be
numbered accordingly, and the page limit shall be TWENTY (20) pages.

4. Each group is required to submit a soft copy of report in PDF format to the
respective tutor. The mark sheet (as per the Appendix A in this assignment brief)
shall act as the cover page. The cover page should be merged with the report before
submission.

5. The group leaders are required to make submission to their respective tutors by
WEEK 9, Friday (6 August 2021), 12pm, via 1UTAR email address.

6. A penalty of 10% reduction of the maximum mark will be levied for each day of late
submission. Weekends and Public Holidays are counted as one (1) day late.
Assessment item(s) submitted more than seven (7) days after the due date will be
awarded with ZERO (0) mark.

7. Referring to Appendix A, students will be assessed based on the contents of their

written report. Marks for the contents (i.e., 50 marks) are to be awarded on a group
basis, and it is the responsibility of the students to ensure that all members of their
respective groups contribute equally to the contents. The total mark of this written
report assignment is 50 marks, which will be converted to 20% as part of the
continuous assessment mark. Marks will be awarded based on accuracy, clarity,
comprehensiveness, originality, and reasonableness of answers. Make an effort to
ensure the answers are clear and show all relevant workings wherever applicable.

8. In the case of plagiarism being suspected, the evidence will be submitted to the
University Examination Disciplinary Committee for further action. Disciplinary
action will be taken accordingly.

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Assignment Tasks:

Suppose that you are now a sole proprietor who is running a trading business that buys
and resells merchandises for profit making, complete the following tasks:

1. Explain the background of your trading business as detail as possible. The facts
and context of your business can be fabricated, including but not limited to:
 Brief history (whether it is newly formed or well-established for years)
 Mission and vision statements
 Main merchandise(s)
 Target customers
 Size of operation
 The impacts of COVID-19 on your business
 The carried down values of assets, liabilities, and capital (for the case of
well-established business only) (10 marks)

2. Identify and prepare TWENTY (20) daily business transactions that are
applicable to your trading business for a period of ONE (1) month. The business
transactions should be comprehensive enough to cover the FIVE (5) categories
of accounts (i.e., asset, expense, revenue, liability, and equity). (10 marks)

3. Prepare the books of prime entry to record the business transactions identified
and prepared in Task 2. (10 marks)

4. Prepare the relevant ledger accounts based on the books of prime entry in Task
3. (10 marks)

5. Prepare a trial balance based on the ledger accounts in Task 4. (10 marks)
[TOTAL: 50 MARKS]

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 APPENDIX A

UBAF1033 BUSINESS ACCOUNTING 1

MAY 2021
Group Written Report Assignment Mark Sheet

Name Student ID No. Programme Tutorial Group

1.
2.
3.
4.
5.
Marking Rubric

Poor Satisfactory Good Excellent Mark

Task 1: 0 - 2 marks 3 - 5 marks 6 - 8 marks 9 - 10 marks
Background of business  Unreasonable  Limited reasonableness  Acceptable write-up  Excellent write-up
 Incomprehensive  Limited  Reasonable  Great level of
(10 marks)
comprehensiveness  Comprehensive reasonableness
 Highly comprehensive
Task 2: 0 - 2 marks 3 - 5 marks 6 - 8 marks 9 - 10 marks
Business transactions  Unreasonable  Limited reasonableness  Adequate level of work  Excellent work
 Incomprehensive  Limited  Reasonable  Great level of
(10 marks)
 Most are not applicable comprehensiveness  Comprehensive reasonableness
to the trading business  Some are applicable to  All are applicable to  Highly comprehensive
created the trading business trading business but lack  All are applicable to
created of originality trading business and
indication of originality
Task 3: 0 - 2 marks 3 - 5 marks 6 - 8 marks 9 - 10 marks
Books of prime entry  Mostly wrong  Several major mistakes  Adequate level of work  Excellent work
 Many major mistakes  Limited reasonableness  Some minor mistakes  No mistakes
(10 marks)
 Unreasonable  Limited  Reasonable  Great level of
 Incomprehensive comprehensiveness  Comprehensive reasonableness
 No workings shown  Some workings shown  All workings shown but  Highly comprehensive
 Overall presentation  Overall presentation some are inaccurate  All workings shown are
looks messy and looks fair but could be  Overall presentation accurate
unorganised better organised looks competent  Professional presentation
Task 4: 0 - 2 marks 3 - 5 marks 6 - 8 marks 9 - 10 marks
Ledger accounts  Mostly wrong  Several major mistakes  Adequate level of work  Excellent work
 Many major mistakes  Limited reasonableness  Some minor mistakes  No mistakes
(10 marks)
 Unreasonable  Limited  Reasonable  Great level of
 Incomprehensive comprehensiveness  Comprehensive reasonableness
 Overall presentation  Overall presentation  Overall presentation  Highly comprehensive
looks messy and looks fair but could be looks competent  Professional presentation
unorganised better organised

Task 5: 0 - 2 marks 3 - 5 marks 6 - 8 marks 9 - 10 marks

Trial Balance  Mostly wrong  Several major mistakes  Adequate level of work  Excellent work
 Many major mistakes  Limited reasonableness  Some minor mistakes  No mistakes
(10 marks)
 Unreasonable  Limited  Reasonable  Great level of
 Incomprehensive comprehensiveness  Comprehensive reasonableness
 Overall presentation  Overall presentation  Overall presentation  Highly comprehensive
looks messy and looks fair but could be looks competent  Professional presentation
unorganised better organised

Total marks (50 marks)

Comment(s) by tutor:

Tutor Acknowledgement Name: Signature: