© MIT April, XXXXXXXXXXT1 2020 Assessment Details and Submission Guidelines School School of Business Course Name Master of Professional Accounting Unit Code MA618 Unit Title Industry Based Capstone...

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© MIT April, 2020 T1 2020 Assessment Details and Submission Guidelines School School of Business Course Name Master of Professional Accounting Unit Code MA618 Unit Title Industry Based Capstone Project Trimester Trimester 2, 2020 Assessment Author A/Prof Monica Jurin Assessment Type Individual Assessment Title Progress Project Reports [2] Unit Learning Outcomes Addressed: a. Demonstrate industry research skills in delivering feasible work-based projects. b. Work efficiently and effectively to complete project-based work integrated learning. c. Critically apply theoretical and practical skills relevant to working in the professional planning environment, including team work. d. Critically reflect on contemporary practice and trends in a course related industry to inform your future practice. Weighting 30% Total Marks 100 marks Word Limit 2000 words Release Date Week 1 Due Date Week 9 Submission Guidelines  All work must be submitted on Moodle by the due date (as above) along with a completed Assignment Cover Page.  The assignment must be in MS Word format, 1.5 spacing, 11-pt Calibri (Body) font and 2 cm margins on all four sides of your page with appropriate section headings.  Reference sources must be cited in the text of the Assessment Task, and listed appropriately at the end in a Reference List using APA 6th edition for the School of Business. https://library.mit.edu.au/referencing/APA Extension / Special Consideration If an extension of time to submit work is required, an Application for Special Consideration and supporting documentation must be submitted online via your Academic Management System (AMS) login: https://online.mit.edu.au/ams. The Application for Special consideration must be submitted no later than three (3) working days after the due date of the specific piece of assessment or the examination for which you are seeking Special Consideration. In the case of serious illness, loss or bereavement, hardship or trauma students may be granted special consideration. Academic Misconduct Academic Misconduct is a serious offence. Depending on the seriousness of the case, penalties can vary from a written warning or zero marks to exclusion from the course or rescinding the degree. Students should make themselves familiar with the full policy and procedure available at: https://www.mit.edu.au/about-mit/institute- publications/policies-procedures-and- guidelines/AcademicIntegrityPolicyAndProcedure. For further information, please refer to the Academic Integrity Section in your Unit Description. https://library.mit.edu.au/referencing/APA https://online.mit.edu.au/ams https://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure https://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure https://www.mit.edu.au/about-mit/institute-publications/policies-procedures-and-guidelines/AcademicIntegrityPolicyAndProcedure MA618 Industry-based Capstone Project Lasted Updated: July 2020 Assessment Cover Sheet Student ID Number/s: Student Last name/s: Student First name/s: Course: School: Unit code: Unit title: Due date: Date submitted: Campus: Lecturer’s Name: Tutor: Student Declaration I/We declare and certify that: 1. the work contained in this assessment is my/our own work/group work, except where acknowledgement of sources is made; 2. this assessment has not been submitted previously for academic credit in this or any other course; 3. I/we have read MIT’s Plagiarism and Academic Misconduct Policy and Procedure, and I/we understand the consequences of engaging in plagiarism, collusion and contract cheating; 4. a copy of the original assignment is retained by me/us and that I/we may be required to submit the original assignment to the Lecturer and/or Unit Co-ordinator upon request; I/we have not plagiarised the work of others or participated in unauthorised collaboration or contract cheating when preparing this assessment. MIT ID Signature Date For Assessor Use Only (if not marked on Moodle) Name: Position Date: Signature: Marks/Grades: MA618 Industry-based Capstone Project Lasted Updated: July 2020 Assessment Task Description You are required to complete the following assessment The first stage of the progress report is known as ‘Industry Based Project’. The assessment is designed to develop student’s knowledge, generic skills and graduate attributes that enhance job-readiness. The progressive project report needs to demonstrate the development of the following stages for your project:  your project research and analysis;  your team accountability and communication;  each ‘Industry-Based Project’ is embedded in an industry relevant to your field of study;  your research to date and justify your progress (you need to provide supporting evidence with references to justify your progress);  client and stakeholder relationship and management;  analysis of current and future practices; and  key insights of the project, company and industry. Format of Progress Report 2 Your report is to be written to persuade the reader of the key message. The key message should address the five marking criteria in the table stated below. Additionally the structure may be determined by the individual lecturer and may vary considerably according to the task's purpose and audience. Below is some guidance on the structure of a report. Executive Summary An executive summary is a succinct summary of a project’s why, what, who, how and when, presented in the beginning of a report. By reading the executive summary, a reader should have a good grasp of the purpose of the project, the key stakeholders, the criteria that is addressed, methods and data sources that are used, the key challenges, solutions and recommendations, and proposed milestones or timeline of key deliverables. Introduction Business report introductions typically contain the following:  Aim, scope and limitations  Background or context (details of problem addressed)  Overview of the project brief  May include the overall answer (suggested solution)  The report structure Body section This is usually the longest section of the report and presents your findings based on the criteria that you address, your analysis and the evidence you have gathered. These findings provide the justification for your recommendation(s). This section needs to develop the material in a clear, logical and coherent manner. Relevant subheadings make it easier for the reader to follow the structure. This structure should reflect the structure outlined in the introduction. The body section will contain different sections depending on the purpose. The following are typical sections:  Literature review: a critical analysis of the existing knowledge and current practices in published materials, including scholarly papers, business and industry reports, news articles, statistical analysis, opinion pieces, etc. This section provides the important backdrop that analyses your issues or problem(s) and supports your approach to finding your solution(s). MA618 Industry-based Capstone Project Lasted Updated: July 2020  Methods: outlines how you went about collecting your information, why you chose this method and a justification as to why it was the most appropriate method for your project.  Originality, Innovation and Entrepreneurship: discusses and demonstrates your contribution in developing original ideas and a novel approach that addresses customer needs and the evolving business sector, industry or community environment. Shows how you would implement your ideas for solving your project team issues, proposing a real potential product or service and how these could benefit other customers, stakeholders, communities or industries.  Results: conveys the results in a clear and concise manner, often using tables, graphs, charts and other visual representation to summarise your findings and solutions. Detailed results and calculations are placed in appendices at the end of the report. All tables, graphs, charts and other visual representation must be contextualised and explained in the body text.  Discussion: analyses and evaluates the results and leads toward the conclusion and recommendation/s. This section may outline any unexpected or new issues that need to be considered and require further research or work in the future. Also, you may identify and discuss any potential opportunities that your team uncovers in the project that could lead to potential new business offerings in the future. Conclusion The conclusion states what has been found based on the evidence, analysis and evaluation that was presented in the discussion. The conclusion should outline the key points/findings and state the recommendations that follow from the analysis. In some reports it may be necessary to state any limitations to the research that might affect the interpretation of the results. Most importantly the conclusion refers back to the overall purpose of the report and emphasises the key message. Please submit your report using the Turnitin submission link on Moodle. Marking criteria: Progress Report 2 Assessment criteria are shown in the following table. Marks are allocated as follows: Assessment criteria to be met and assessed Detailed Description of the Assessment Criteria Breakdown Marks Criteria 1 Project research and analysis 20 Criteria 2 Project team accountability and communication 20 Criteria 3 Progress of project 20 Criteria 4 Discussion of client relationship and management 20 Criteria 5 Critical assessment of current and future practices 20 Criteria 6 Referencing 0 Total 100 Note: To be marked by the project supervisor and moderated by the unit coordinator. MA618 Industry-based Capstone Project Lasted Updated: July 2020 Using Technology for Assessment Rationale Activities Technological tools selected  Research Skills  Critical Analysis  Practice Or Project Management Skills  Feedback On Performance  Practice Of Critical Thinking  Team Work  Interpersonal Communication  Ethical Practices  Analytical And Problem Solving  Client Management  Cultural And Global Awareness  Check For Plagiarism  Problem-Based Learning  Assessment Of Team Work  Collaborative Writing  Reflective Writing  Professional Business Report Writing  Creative And Practical Solutions  Presentations  Group Discussions  Facilitated Learning  Independent Learning And Development  Access To Technology  Agreed Code Of Conduct In Team Work  Group Communication And Negotiation  Give And Receive Feedback  Industry-Based Project  Industry And Global Analysis  Online Forum, Wiki And Chats On Moodle  Turnitin  Project Management Tools Such As Trello  Collaborative Writing Tools Such As Googledoc  Group Presentation On
Answered Same DaySep 09, 2021MA618

Answer To: © MIT April, XXXXXXXXXXT1 2020 Assessment Details and Submission Guidelines School School of...

Preeta answered on Sep 13 2021
132 Votes
Contents
Introduction:    2
Literature Review:    2
Methods:    4
Originality, Innovation and Entrepreneurship:    4
Results:    5
Discussion:    5
Conclusions:    6
References:    7
Introduction:
Cash flow statement is a very important part of the financial statement and it reveals important in formation to the external as well as internal stakeholders
of an organization (Chang et al., 2014). There are a lot of challenges faced by an organization in gathering important information for the preparation and the cash flow management and forecasting to take important business decisions.
The aim of the project is to provide proper IT solutions to the client company in terms of the IT support packages, IT externalisation, IT collateral, IT acquirement, etc so that data mapping can be done properly so that the client organization can take informed decision. Scope of the project is to identify and analyse the business cash position at different intervals of the year that how much expenses are incurred, and revenues are earned on three basic activities. So here cash flow management will help business in identifying planning, monitoring, and controlling cash flow while ensuring that liquidity of business is not affected. But the limitation of the report is that mechanical cash flow prediction cannot be made due to insufficient data. Moreover, reliance has to be made on the data provided by the company.
Literature Review:
Cash flow statement provides details regarding the cash and cash equivalent entering and leaving the organization through all the business activities including operation, investment and financial activities (Farshadfar & Monem, 2013). There are two method which can be used to calculate cash from operation: direct method and indirect method. It is complimentary to the balance sheet and income statement of the organization and all these statements together form the financial statement (NGUYEN, 2020). This statement act as a measurement as to how well the organization is managing cash and if it has adequate cash to meet at least its short-term obligations. A business needs to have at least some amount of cash in hand. It will be of no use even if it has a high amount of profit and low amount of cash since its liquidity position will be in endanger (Jury, 2012). This is the reason why cash flow is so important to the investors, stakeholders and management.
There has a huge development of the technology in the recent time including artificial intelligence, block chain, etc. (De Filippi & Hassan, 2018). With the advent of internet specially, everyone has started to use smartphones and laptop. Business organization can also use technology to their advantage, it will become easier to store and access information and also to analyse it as per the requirement. Information technology is a way in which computers and other technologies can be used to store, retrieve, transmit, and manipulate data or information (Venkatesh, Thong & Xu, 2012). With the reduced manual labour the chance of error or mistake is also highly reduced. Moreover, it becomes easier to get the data at the time of the need. Information technology can be used for the purpose of accounting as well. The accounting data can be entered in the system which will be stored and can be accessed any time as needed (Lim, 2013). Report and analysis can be made with those data.
The system used by an organization can...
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