Accounting I (2 º Sem 2019/2020)

Dear Students,

Due to the fact that Quiz No. 3 will contain questions that are “open answer” questions the time for doing the quiz will be 20 minutes counting from the time I make the link available to you.

Best regards,

Florence Pinto Basto

Dear Students,

I have updated the solution of Practical Classes' Case 17.

You have now available the solution to the Case using WAC and, alternatively, using FIFO.

Best regards,

Florence Pinto Basto

Quiz No. 3 is an assessment quiz and will be administered in the First Practical Class of the week:

• The quiz is accessible through a link that will be made available to you on Teams “Accounting I” Practical Class usual group, at the beginning of the Practical Class.
• The time for solving the quiz is 15 minutes counting from the moment the link is made available. In case you have difficulty accessing the link you should keep trying until it opens.
• In case you “arrive late” to the quiz you will have less time to answer the questions (no compensation time will be given).
• You will be asked to authenticate yourselves, therefore, you will need your ISEG credentials: E-mail and Password (the same you already use for Teams). Only responses sent from your ISEG account will be accepted.
• The moment you enter the quiz you should choose the language on top (Portuguese/English). Please select English.
• The QUIZ has 8 questions, 4 questions are multiple choice questions and 4 are “open answer” questions that involve recordings in the journal or calculations in the space provided.
• Example of a calculation question: “Consider VAT liquidated account has a credit balance of 120.000, the VAT deductible account a debit balance of 100.000 and the VAT regularizations account a debit balance of 5.000. What is the amount of VAT to be paid or to recover?” You should present an answer in the available space, like: “120.000 - 100.000 - 5.000 = 15.000 (VAT to be paid)”.
• Example of a journal recording question: “Record in the journal the purchase of inventories, on account, in the amount of 1,000€. The company uses the Perpetual Inventory System”.  You should present an answer in the available space, like: “For the purchase of inventories, on account: 31 - Purchases of Inventories (D) 1,000; 22 - Trade Accounts Payable (C) 1,000. For the entry of inventories in the warehouse: 32 - Inventories (D) 1,000; 31 - Purchases of Inventories (C) 1,000”.
• The points attributed to each question will be indicated on the question.
• In case no answer is given to the question you get zero points on the question.
• In case you provide an incorrect answer to a multiple choice question it deducts ¼ of the points of the question.
• “Open answer” questions will be graded between zero and the total points attributed to the question.
• Be careful with the following: the moment you select an option, it’s no longer possible to leave the question unanswered (blank). It is possible, though, to change the option.
• The questions appear all at once and you will be able to visualize the list of the 8 questions. There will be no “back” or “next” buttons.
• At the end of the list of questions you find the “submit” button. You should only click on submit when you have finished the quiz and are sure you want to submit.
• After you submit the quiz it is no longer possible to re-do the quiz, or go back to the quiz, since the system only accepts one response per username.
• The quiz ends 15 minutes after it started, so it is important for you to keep track of time.
• The Professor will give you three warnings before disabling the Quiz, the first warning being 2 minutes before the quiz’s end, the second warning being 1 minute before the quiz’s end and the last warning by the time the quiz ends. Therefore, you should have Teams’ sound ON while doing the quiz (and your microphone turned off to avoid disturbing other students). In case you need to communicate with the Professor use the chat so as not to disturb your colleagues.
• In case you try to submit the quiz after the last warning, you get the following message: ”This form is closed”. Not submitting the QUIZ means your quiz will be graded zero.

Study well and GOOD LUCK!

Florence Pinto Basto

Dear Students,

Here is feedback regarding your Practice quizzes of this week.

Please use the following way to present the recordings: number of account, followed by name of account, followed by indication of whether you are debiting or crediting the account, followed by the amount.

I have graded all of your quizzes manually and provided feedback for each student/question. I attempted to “Post” your grades in Forms. This means that if you access the quiz’s link you will be able to visualize your answers, my feedback to your answers and your grade. Please access the link and let me know whether this attempt worked:

https://forms.office.com/Pages/ResponsePage.aspx?id=g0AYnCDeWUiWjJbybbC_4axPCNP7OXpAoxLP-GlUd25UOEtIRENLMUZGSzIxVzBGUjVDSVBGMVBKWC4u

In the meantime, you have access to all questions and correct answers in the folder “More”.

I have your answers/feedback/grades in an Excel file that I can provide if the “Posting” attempt does not work.

Study Well!

Best regards,

Florence Pinto Basto

Dear students,

The Class Plan including all of the activities until the end of this semester is available under "More" - Class Plan.

As you know, the second part of the Cases to be solved in the Practical Class (cases 12 to 26) as well as the second part of the Autonomous Work Cases (cases J to V) and the solutions to the latter have been made available to you, in the respetive folders, before Easter Break.

The solutions to the second part of the Practical Class cases will be available soon. These solutions will include the indication of how you should present the recordings in the Journal in an online test situation (quiz or exam).

Best regards,

Florence Pinto Basto

Dear students,

Dear students,

Quiz #2 grades are available on the folder “More” – Quiz No.2.

Overall the grades were extremely low. Considering the two attempts, only 1/3 of the students were able to achieve a grade ≥10.

There may be several reasons behind these results. Some may have to do with the online format and the stress associated with it (because of the time span for submission and technological constraints), but in many cases this was due to lack of study regarding the topics assessed in this Quiz. I suggest you start studying sooner so that you are well enough prepared for the next quizzes and for the online exams.

We are aware that students have made a great effort to adapt to the online classes and assessments. For this reason, we are making an adjustment to the continuing evaluation assessment: only the best two grades achieved on Quiz #2, Quiz #3 and Quiz #4 will be considered. We will attribute the weight of 45% to the average of the two best grades on the three quizzes.

Also, I will be administering a small quiz at the end of each theoretical class (not for assessment) and give you an immediate feedback. This will enable you to practice questions of different types and also different formats (not all of them will be multiple choice). I believe this will help you perform better on the next quizzes and on the online exams since you will be more at ease with the type of questions and format.

I hope that you keep working and trust that staying on the continuing evaluation is your best choice. I really believe that relying on a single online exam will not be of benefit to you.

I wish you all the best.

Florence Pinto Basto

Dear students,

Quiz #2 Retake - detailed grades - are available on the folder “More” – Quiz No.2.

Since there were different versions for each degree you will find your detailed results in your degree's file.

Best regards,

Florence Pinto Basto

Dear students,

I would like to inform you that Quiz No. 2 grades will be posted only after Easter break.

I wish you all a nice rest.

Stay home and stay safe.

Florence Pinto Basto