I recently was assigned a rather difficult accounting project in school. I understood the principles, but kept losing track of the figures (not being an excel whiz), and after doing the assignment over again about 10 times from scratch and still not getting everything to balance, I gave up and hired someone in Pakistan to do it for me. He did a great job and I relized it's all just a matter of programming excel to transfer all the figures for you. Well, anyway, he might have done too good a job, because my instructor returned my assignemnt with the following note:
"If I grade this submission and the Excel one previously submitted, you will lose a lot of points. Think it is time go back and review the entire cycle on the 2 videos video, Financial Accounting II and Adjustments. I am looking for all parts introduced in the two videos.
Focus on ALL journal entries, All postings to the ledger accounts, All trial balances, and ALL four financial statements."
I went back and checked the document. Besides being stylistically perfect, it contains a few other red flags, most notably the language "income statement as at Dec 31, 2009." Of course, an American would write "as of" rather than "as at." My instructor would most likely be hip to this. But in his email, he suggests that something is wrong with the homework other than that he suspects me of cheating, and I have no idea what. The only mistake I can detect is that the statement of cash flows is omitted, which is a pretty small error in the big scheme of things. Do you think he suspects me of cheating, and what should I do?