LO3: Demonstrate an ability to process, control and communicate accounting information using a computerised accounting system and to identify and explain the development of accounting and financial control systems including

Assignment Brief

You have recently started a new role with Hadrian Catering LTD as their Accounts Manager. The company has invested in an accounting software called SAGE Line 50 to help with their book keeping necessities. You have been asked to produce a report providing information about how the company can use SAGE LINE 50 to record transactions and generate reports for financial management and decision making purposes of the business. You need to split the report in three sections:

Section 1: (1000 words)

A discussion to demonstrate how functions within SAGE LINE 50 could be used for processing, controlling and communicating accounting information. Things you could address in this discussion:

1. Setting up a new company on SAGE Line 50;
2. Managing customer records and supplier records;
3. Managing aged debt to collect cash, aged creditor to ensure supplies isn’t affected from unpaid bills,
4. Managing cash and bank receipts.
5. Generating reports such as audit trail, trail balance, profit and loss and balance sheet for financial management and decision making.

You can use image illustrations in this section to support your discussion as necessary. If using figures and images please ensure they contain appropriate headings/labels.

Section 2: (300 words)

Explain the development of accounting soft wares for numerical interpretations. Evaluate the use of SAGE software for processing financial transactions and producing financial statements for businesses with particular emphasis on SMEs.

Section 3: (200 words)

Produce a set of guidance notes for new users of Sage Line 50, which will help them to reduce errors and maintain the integrity of the accounts.

You must ensure all sections are appropriate cited. Provide a list of references using the Harvard Referencing Guidelines.

Submission instructions

You should include a cover page with a clear title of the assignment, module code and name, submission date and your student ID number. You should upload your assignment on Turnitin by the deadline stated in the assignment brief.

Secondary Research Level HE4      

Level HE4 - it is expected that a reference list will contain between five and ten sources. As a MINIMUM the reference list should include: one refereed academic journal, one professional journal and one academic book.

Sources of secondary literature

Most assignments will require you to make use of secondary literature sources. These sources may be available in paper and/or electronic form. The literature sources that you will be expected to refer to when completing your assignments include:

Refereed academic journals – articles in such publications are evaluated by academic peers prior to publication to assess their quality and suitability.

Other academic journals – such publications normally have an editor and/or editorial board to select articles. The relevance and usefulness of such journals vary considerably.

Professional journals – articles included in such publications are often of a practical nature and more closely aligned to professional (practitioner) needs than those in academic journals.

Books – may be aimed at the academic market or at practicing professionals. It is likely that those with an academic slant will be of most relevance to you

Newspapers – a good source of topical events and developments.

ALL LITERATURE SOURCES THAT YOU REFER TO IN THE BODY OF YOUR ASSIGNMENT MUST BE INCLUDED IN A REFERENCE LIST WHICH SHOULD APPEAR AT THE END OF YOUR ASSIGNMENT.

Assignment Marking Guide

Demonstrate an ability to process, control and communicate accounting information using a computerised accounting system (applicable to section 1)	60 marks
Identify and explain the development of accounting and financial control systems including the use of numerical interpretation (applicable to section 2 and 3)	20 marks
Evidence of information literacy skills at H4 level.	5 marks
Acknowledgement of research material and citations	5 marks
Produce work of a professional standard (communication skills)	10 marks
Total	100 marks

The General Assessment Criteria below will also apply in addition to marking guide above.