Part 1: Read the following information and answer the questions that follow.

You have recently joined as a Trainee Accountant at Accountants in Action in the Huon Valley, with two other Trainee Accountants who are currently studying accounting at the University of Tasmania. As a part of the training, your manager has given your team a task of recording the transactions that occurred in a local producer’s business Green Hills Produce for January 2020.

Your manager informed your team that this business was opened by Mr Johnno Linn, on the 1st of January 2020 and he is the sole owner of this proprietorship. Green Hills Produce sells local fresh produce and condiments to local customers. The manager has supplied you with the following information and the tasks allotted to your team are provided below.

Note: It is assumed the Green Hills Produce is not registered for GST.

Required:

Complete one Excel workbook with three linked worksheets (1. transactions, 2. Income Statement and 3. Balance Sheet) for the month of January 2020 using the information below.

Use formulas for calculations and format the workbook to create a positive visual effect.

During January 2020, the following transactions occurred at Green Hills Produce:

Example only (to be completed in an Excel workbook)

Part 2

using the Harvard Referencing System.

Required:

Use the Tassal Group 2019 Sustainability Report:

(https://issuu.com/tassal/docs/tassal_sustainability_report_2019_final)

In order to:

1. Explain and apply the four parts of the accountability model to the reasoning that might lie behind the decisions that this organisation has made within these areas:

You need to demonstrate an argument as to how this organisation has applied each part of the accountability model. In your argument you will need to evidence (other sources of information) to help your readers understand how the organisation may have come to some of the decisions made on accountability.

2. You will need to use the external information (media, government and the sustainability assurance report to assess the quality of this report) to analyse the application of the accountability model to the sustainability report. In other words, did this organisation respond to its stakeholders, how and why?

You will find more information about the accountability model in your text book, Deegan, C (2020) An Introduction to Accounting: Accountability in Organisations and Society, Cengage Learning Australia, Melbourne.