ACCTG 211 Financial Accounting Assignment Questions S1 2026

ACCTG 211 Financial Accounting Assignment

QUESTION 1 

Note: For True/False type questions, you must answer 'True' or 'False."

This question relates to the Expanded Course Outline; refer to Canvas/Modules/Expanded Course Outline.

The official university course outline is the Digital Course Outline (DCO); this only provides a broad overview of the course.

a) True or False? Extensions for all five assignments are possible.
b) True or False? I am required to enrol myself onto Piazza.
c) On which page of the Expanded Course Outline will you find a summary of the following? - the assignment due dates
-the lecture topics
-the PW due dates
-the weeks when tutorials will be held.
d) True or False? Late assignments will be accepted for marking if you have a reasonable explanation.
e) True or False? To provide an adequate foundation for potential success in ACCTG 211 a B grade in ACCTG 102 is highly recommended.
f) True or False? There is no plussage in this course.
g) True or False? If I have problems submitting my assignment online, then I will not be officially excused from submitting the assignment because this is an example of a 'non- exceptional circumstance."
h) True or False? PW2 is due before 6 pm on 01 April.
i) True or False? Assignment 4 is due before 6 pm on 20 May.

QUESTION 2

Note: For True/False type questions, you must answer 'True' or 'False."

This question relates to the information provided in the Peerwise 1 to 5 document; refer to Canvas/Modules/Peer Wise (PW) 1 to 5.

a) On page 5 there is an individual student PW report; you are required to determine the student's mark for PWS.
b) How many distractors were there in the PeerWise MCQ example?
c) True or False? I should only answer MCQs that meet the design requirements.
d) True or False? True or False questions meet the MCQ design requirements.
e) True or False? MCQs that do not meet the design requirements will be deleted.

QUESTION 3

To ensure you post and balance general ledger accounts in the manner required by ACCTG 211, you must follow the three examples below. There is no GST in these examples. After you have worked through the three examples below in detail go to the answer booklet and answer Question 3.

QUESTION 4

(Revision of ACCTG 102)

Complete the table provided in the answer booklet in less than two minutes.

QUESTION 5

(Revision of ACCTG 102 GST)

GST exclusive = the cost of the inventory purchased or the sale price without GST

QUESTION 6

(Revision of ACCTG 102 and applying it to selected Annual Reports)

The 2021 Financial Results/Report for Air NZ and Auckland Airport are provided on Canvas/Modules/Assignments 1 to 5. Answer the questions in the Answer Booklet for both Air NZ and Auckland Airport.

All questions only relate to 2021.

IFRS and entities name statements and elements differently. An example is the reporting of income and expenses.

An entity is required to present the:
- Profit or Loss (P or L) type expenses and income in one place (the first section of a combined statement or in a separate statement), and the
- OCI* type expenses and income in one place (the second section of a combined statement 

QUESTION 7

(Revision of ACCTG 102)

In the answer booklet, you are provided with eight transactions that occurred in August.

You are required to:

1. Complete the journal entries for the August transactions.  GST does not apply to this question.
2. Determine the net effect (state increase or decrease) of these August transactions on the entity’scash balance.  In your workings, show the total cash inflow and the total cash outflow amounts.
3. Determine the profit or loss for the month of August. Show your workings.

QUESTION 8

Complete your personal ACCTG 211 self-study plan on page 10 of the Assignment 1 Answer Booklet. A completed self-study plan is available on Canvas.