CIA1001 Introductory of Accounting Group Assignment 2026 | Universiti Malaya

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Universiti Malaya (UM)

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Assignment Type

Individual Assignment

Subject

CIA1001 Introductory of Accounting

Uploaded by Malaysia Assignment Help

Date

06/16/2026

CIA1001 Group Assignment (20%)

Assume you start up a merchandising business with capital obtained through issuance of shares.

Create 50 Business Transactions For A Period Of 1 Year from the establishment date of your business. Each group member must contribute at least 10 transactions.

The business transactions must cover all of the following main activities:

Issuance of shares
Sale of goods on both cash and credit terms Purchases of non-current assets.
Purchases of inventories on cash and credit terms
Expenses incurred in running the business
Notes payable with interest
Notes receivables with interest
Payment of liabilities
Payment received from debtors
ETc.

Create 30 Additional Information For Adjustment At The End Of Financial Year.

Each group member must contribute at least 6 additional information.

The additional information for adjustment at the end of financial year must cover all of the following activities:

Depreciation for the non-current assets.
Provision for doubtful debts, provision for discount allowed
Prepayments
Accruals
ETc

Assume that the applicable income tax rate is 24%. Distribute cash dividend at the end of the financial year, if your company has net income.

Required

(i) State the date of your business establishment and describe your business activities.

(ii) List all of the transactions. You must specify the date of transactions. In addition, state the group member who contributes the transactions.

(iii) Prepare journal entries for each of the transaction and post the journal entries to the ledger accounts.

(iv) Prepare the unadjusted trial balance.

(v) List all the additional information for adjustments. State the group member who contributes the additional information.

(vi) Prepare adjusting entries for additional information and post the adjusting entries to the ledger accounts.

(vii) Prepare the adjusted trial balance, income statement, statement of changes in equity and statement of financial position at the end of the financial period.

(viii) Prepare closing entries and post-closing trial balance.

(ix) Comment on performance of your business after the first year of its operation.

The assignment must be type-written and presented in good form.

Due date: (Friday 19 June 2026 – Week 14)

Names and matrix number of all group members must be placed on the cover page of your report. Each group must comprise of 5-6 members only.

Attach the Turnitin Similarity Report. The similarity should not exceed 20%.

Group Assignment Rubric

DIMENSIONS	TRAITS	1	2	3
ORGANISATION	Introduction	Not clearly stated about the topic	Presents the topic but does not engage the reader	Clearly presents the topic in informative manner
	Conclusion	Lacks an identifiable conclusion	Summarize and repeat what has been said	Summarize and offer excellent overview of the topic
	Logical Flow	No logical flow, confusing, choppy	Sensible flow but inconsistent	Logical and consistent flow
	Layout	Poor labelling of sections, subtopics, tables and figures	Improper and inconsistent labelling	Sections, subtopics, tables and figures are clearly labelled
	Sentencing	Poor sentence connection, long sentences	Acceptable sentencing but not clear enough	Excellent connection with clear sentences
(CONTENT)	Provision of examples	No example given	Adequate examples with no connection to the ideas	Relevant examples which connect to the ideas
	Presentation of argument	Repetitive or lack of clear point	Satisfactory argument	Excellent and original argument
REFERENCE		No reference	Available but inadequate, no proper referencing	Comprehensive compilation of reference

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CIA1001 Introductory of Accounting Group Assignment 2026 | Universiti Malaya

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