Assessment 2 ACC5901/ACC8901 Financial Analysis and Decision Making Trimester 1, 2026 Assessment Type: Problem-Based Computerised Practical Tasks (Individual) Weightin

Assessment 2 ACC5901/ACC8901 Financial Analysis and Decision Making Trimester 1, 2026 Assessment Type: Problem-Based Computerised Practical Tasks (Individual) Weighting: 30% Learning Outcomes Assessed: ULO 1, 2, 3 and 4 Due Date: 14 April 2026, 11:59 pm (AEDT)

All submissions must be submitted with a signed Ozford Institute of Higher Education Cover Sheet via Moodle. Late submissions will attract a penalty of 5% of the assessment weighting for each calendar day late unless the lecturer grants an extension.

Assessment Requirements You are required to create and manage a business using MYOB, record transactions (including GST), and generate reports.

Submit ALL documents in ONE combined PDF file, including the cover page.

REQUIRED SUBMISSIONS

Balance Sheet as at 1 July 2025 (10 marks) Quote for client (Metro Logistics Hub) (4 marks) Short Essay to comment on what information is needed to evaluate whether a transaction with Metro Logistics Hub based on the quote, is profitable for the business (max 150 words) (3.5 marks) Journal Entries (Nov–Dec 2025) (7.5 marks) Income Statement (6 months ending Dec 2025) (1 mark) Reflective Essay to evaluate the business performance for the last six months ended 31 December 2025 (max 200 words) (4 marks) PART 1: BUSINESS SETUP

1. Business Details Item Details Business Name Your Full Name Enterprises Trading Name Your First Name Solutions ABN 00 000 000 000 GST Yes GST Branch 001 ACN 12 345 567 789 00 Accounting and GST Method Accrual GST clearing account GST Balance Exception alerts Show Year-end adjustments Include Display negative amounts With a minus sign Other preferences Select Account No, Currency Symbol and cents PDF export Open in a new tab Others Leave as default Financial Year 2025 Business Type Sole Trader Industry Fire and Security Alarm installation Employees No
2. Opening Balances Account Debit ($) Credit ($) FirstBank Cheque Account 40,000   FirstBank Savings Account 20,000   Accounts Receivable 6,500   Inventory – Smart Systems 60,000   Equipment 35,000   Accumulated Depreciation – Equipment   7,000 Furniture 50,000   Accumulated Depreciation – Furniture   20,000 Accounts Payable   52,000 GST Collected   5,000 GST Paid 2,000   FirstBank Business Loan   40,000 Owner Capital   154,000 Retained Earnings   24,500 PART 2: CONTACTS Customers Metro Logistics Hub Urban Retail Group Apex Manufacturing Ltd Field Details Contact Type Customer Designation Company Business Name Metro Logistics Hub Address 3 Red Rd Perth WA 6000 Contact Person Gillan Deans Email gdeans@gmail.com Field Details Contact Type Customer Designation Company Business Name Urban Retail Group Address 11 Blue Way Como WA 6009 Contact Person Joe Duncan Email JD11@gmail.com Field Details Contact Type Customer Designation Company Business Name Apex Manufacturing Ltd Address 6 Green St Morley WA 6062 Contact Person Michaela Phillips Email mp@phillips@gmail.com Suppliers (Note that all ABN will say invalid) TechSource Pty Ltd Elite Electrical Services BuildRight Contractors Field Details Contact Type Supplier Business Name TechSource Pty Ltd ABN 13 568 965 544 Expense A/C Direct Job Costs (Create this Account if you have not got) Field Details Contact Type Business Business Name BuildRight Contractors ABN 27 326 261 632 Expense A/C Subcontractors (Create this Account if you have not got) Field Details Contact Type Supplier Business Name Elite Electrical Services ABN 22 569 356 254 Expense A/C Accounting Fees (Create this Account if you have not got) PART 3: INVENTORY & SERVICES Inventory Item — Smart Security System Selling Price: $30,000 (ex GST) Cost: $20,000 (ex GST) Field Details Item ID JAV001 Item Name Smart Security System Description Javas Ultra02 Selling Price $30,000 (ex GST) Allocated To 4-2401 Sales – Smart Security Systems (Create this account if you have not got) Tax Code GST Unit of Measure Qty (This is a stock item) Buying Price $20,000 (ex GST) Allocated To 5-5110 Cost of Sales – Javas Ultra02 Systems Tax Type GST Service 1 — Installation Service Price: $1,650 (GST inclusive) Field Details Item ID INS001 Item Name Installation Description Standard installation including programming, electrical services and testing Selling Price $1,650 (GST inclusive) Allocated To 4-2000 Sales – Installation Tax Code GST Unit of Measure Hr (This is a service item) Leave the buying details blank for this item.

Service 2 — Software Maintenance No fixed price Field Details Item ID SD001 Item Name Service – Software and Data Description Scheduled software update and data backup services Selling Price $0.00 (GST exclusive) Allocated To 4-3000 Service and Repair Income Tax Code GST Unit of Measure Hr (This is a service item) PART 4: HISTORICAL SALES Customer Invoice Date Item Unit Amount (GST Inclusive) Metro Logistics INV1001 10 Nov 2022 INS001 1 Hr $1,650 (Invoice total) Urban Retail INV1002 20 Nov 2022 SD001 1 Hr $900 (Enter this amount) Apex Manufacturing INV1003 25 Nov 2022 SD001 1 Hr $3,000 (Enter this amount) Total Accounts Receivable: $6,500 (as at 30 November 2025)

PART 5: SALES TRANSACTIONS (DEC 2025) You are now ready to process the following transactions, which took place in December 2025. In addition to creating invoices, you will explore other sales functions, such as taking payments and creating and processing customer returns.

Record the following sales-related transactions in December 2025:

1. 02 Dec: Sold a security system to Urban Retail. Invoice: $33,000 (GST inclusive) — Create a new invoice INV00004 for the amount.
2. 08 Dec: New customer Castle Industry Park — System + Installation. Invoice: $35,000 — Add the new customer Castle Industry Park. Create a new invoice INV00005 for the amount.
3. 12 Dec: Received partial payment of $2,000 from Apex Manufacturing. Create Invoice receipt of $2,000 from Apex Manufacturing. Bank it into “1-1000 FirstBank Cheque Account”. Apply the amount $2,000 to INV1003. Enter in the notes that this is a partial payment. Use the Cheque number as the reference number.

PART 6: CREATE A QUOTE Client: Metro Logistics Hub

Request:

4 security systems 4 installations Maintenance: $600 per system Validity: 90 days

Create Quote QUO1001

PART 7: PURCHASES Historical Purchases Supplier Invoice Number Date of Issue Due Date Item Unit Amount TechSource 1237 13 November 2025 14 December 2025 (Blank) Description: Supplies 1 Qty $8,000 (Invoice Total — Allocate to ‘5-5130 Other Supplies’) Elite Electrical 000258 19 November 2025 20 December 2025 JAV001 Description: Supplies 2 Qty $44,000 (Invoice total — Use the saved item) Total Accounts Payable balance as at 30 November: $52,000

December Transactions

1. 03 Dec: Supplies purchase $3,300 incl. GST. Create a new bill. Allocate the amount to 5-5130 Other Supplies. Description: General tools and electrical supplies. No ‘item’ specified. Supplier’s invoice number #00129. Due: 03 January 2026.
2. 06 Dec: Inventory purchase $5,500 + GST. Invoice Number 1695. Due: 6 January 2026. Create a new bill. Allocate the amount to 5-5130 Other Supplies. Do not specify the item. The goods are spare parts and electrical supplies.
3. 07 Dec: Labour cost $7,700 incl. GST. Invoice Number 0978. Due: 7 January 2022. Create a new account 5-3000 Labour. Create your own description. Allocate the full amount to this new cost account.

PART 8: SPEND MONEY You may have noticed that there are several payments made from your business cheque account which have not been recorded.

Use the ‘Spend Money’ function to record the following transactions:

1. Equipment Lease: $10,000 (GST inclusive) — 1st December. To: Hire Equipment. Allocate to 6-0480 Lease of Equipment. Description: Equipment lease December 2025 – May 2026.
2. Owner Drawings: $5,000 — 5th December. To: Business Owner (Your Name). Allocate to 3-0020 Owners Drawings. Description: Drawings. GST Exempt.

Notes for all Spend Money transactions:

All transactions are paid from 1-1000 First Bank Cheque Account Use the system-generated reference number — do not change the reference number Make a judgment on the inclusion or exclusion of GST — think carefully! Add the supplier when needed, including yourself (the business owner) for the purpose of recording drawings Repeat the payee’s name in the ‘Note’ box (important) Save and add new All these transactions are shown in the bank statements