代写 BSBFIA401 Prepare financial reports

  • 100%原创包过,高质代写&免费提供Turnitin报告--24小时客服QQ&微信:120591129
  • 代写 BSBFIA401  Prepare financial reports 

       
     
    Assessment Tool BSBFIA401
    Prepare financial reports 
     
    FNS50215
    Diploma of Accounting
     
    Version 3.0
    June 2015
    Level 2, 25 George Street, Parramatta, NSW 2150
    Phone: +61 2 9633 1222  Fax: +61 2 9633 1888
    Email:info@australisinstitute.nsw.edu.au Web: www.australisinstitute.nsw.edu.au
    ABN 17 120 701 911 | RTO ID 91630 | CRICOS ID 03173K

     

    Contents
    Pre-assessment Checklist 1
    Assessment Information. 3
    Style Guide for Assessment Submission. 4
    Assessment Activity 1 – Knowledge gathering: Maintain asset register, Record general journal entries for balance day adjustments. 5
    Assessment Activity 2 – Practical: Record general journal entries for balance day adjustments, Prepare final general ledger accounts. 8
    Assessment activity 3 – Practical: Prepare end of period financial reports. 17
    Assessor marking and Feedback Form:  Prepare financial reports. 21
     

    Pre-assessment Checklist
    Candidate’s name:  
    Units of competency: BSBFIA401A - Prepare financial reports
     
    Trainer/Assessor:  
    Date:  
    Checklist Comments
    ¨Talked to the candidate about the purpose of the assessment.  
    ¨Discussed the assessment environment and the process covering whenthe assessment will occur, wherethe assessment will occur, whowill assess the candidate, and the feedback process.  
    ¨Printed the unit outline and explained the unit of competency including each element, performance criteria, foundation skill, performance evidence, and knowledge evidence that the candidate will be assessed on.  
    ¨Discussed the various methods of assessment, assessment instruments, submission requirements and the due date.  
    ¨Discussed what resources are required to successfully complete this assessment.  
    ¨Discussed what performance level is required for each assessment task.  
    ¨Organised the necessary arrangements to meet the assessment conditions essential for the candidate to carry out each assessment task.  
    ¨Ensured that the candidate read and understood the Student Assessment Handbook involving following concepts:
    ¨  authenticity of candidate’s work
    ¨  re-submission, re-assessment and study plan policy/procedures
    ¨  appeals process
    ¨  regulatory information
    ¨  confidentiality procedures
     
    ¨Discussed special needs (if any) of the candidate and made the necessary arrangements.  
    ¨Summarised information and allowed candidate to ask questions.  
         
    Assessment Submission Sheet
    Course Title Diploma of Accounting
     
    Course Code FNS50215
    Unit Title Prepare financial reports Unit Code BSBFIA401A
    Version 3.0 Created on June 2015
    Please read and sign this assessment coversheet and submit it together with your assessmentto your Assessor by the due date.
    Student Name   StudentID  
    Assessor   Date Due  
    Declaration I affirm that all work submitted in this assessment is my own work and does not involve plagiarism or teamwork other than that authorised for any particular assessment activity. I have read the Student Assessment Handbook under Section 2 Assessment Guidelines and understood the serious consequences in case this work is foundplagiarised.
    Student Signature:     Date Signed: ____/____/____
                   
    Assessor Use Only
    First Submission Date Re-submission Date Re-assessment Date
    S NYS ___/___/____ S NYS ___/___/____ S NYS ___/___/____
                     
     
    Feedback: Trainer/Assessor’s Comments:
     
     
     
    I hereby confirm that I have been given feedback from the Assessor and I agree with the assessment outcome.
    Student Signature   Assessor Signature   Date ___/___/______
     
    Student Feedback on Assessment: Would you like to make any comments about this assessment?
     
     
                                                                                                                                 
    Assessment Receipt
    代写 BSBFIA401  Prepare financial reports 
     
    Student Name   Student ID  
    Course Code & Title   Extension Granted Yes r No r
    Unit Code& Title   Date Received ___/___/____
    First Submission r Re-submission r Re-assessment r Received by  
               
    Assessment Information
    This assessment tool is designed to gather evidence on your knowledge as well as abilities to record general journal adjustment entries and to prepare end of period financial reports. In addition, it collects evidence on key foundation skills outlined in unit of competency details. Your Trainer/Assessor will go through the unit of competency at the very beginning of this unit explaining each element, performance criteria, foundation skill, performance evidence, and knowledge evidence that you will be assessed on via this assessment tool. You can find more information at https://training.gov.au/Training/Details/BSBFIA401
    This assessment has two parts:
    • Assessment Activity 1 –Knowledge gathering and practical’s
    • Assessment Activity 2 – Practical problems
    • Assessment activity 3- Case study
    In order to be deemed competent in this unit you must obtain satisfactory outcome in each part of this assessment. You must collate the following documents and submit in a portfolio format:
    • Activities and practical (Assessment Activity 1)
    • Practical problems (Assessment Activity 2)
    • Case study tasks  (Assessment Activity 3)
     
    Guide for Preparing and Submitting Assessment
    Preparation
    • Read each task carefully, to make sure you know what is expected of you. Check whether the task has multiple parts, and make sure you answer all parts.
    • Answer all the required task in the sequence as provided
    • Research widely and use a variety of reputable sources.  Use class notes and discuss with your trainer
    • Remember to observe the principles of academic honesty, as we do check assessments for plagiarism.
    Writing and Submitting the Assessment
    • Your answers must be written in a formal format.
    • Write and save your assessment as a Microsoft Word document to your computer.
    • Give a title to your assessment and use headings and subheadings when appropriate.
    • You must submit your assessment as one portfolio where each part must have its own cover page having:
    –        Course Code, Course Name
    –        Unit Code, Unit Name
    –        Date of Submission
    –        Your Full Name and Your Student Number
    –        Your Trainer’s/Assessor’s full name
    • Number the pages in the bottom right hand corner.
    • Make sure you present a professional looking portfolio. Use a document folder to collate all your documents together. Ensure quality print.
    • Save a back-up copy of your assessment on a portable storage medium, in case your computer fails or is stolen, and/or keep a printed copy.
    • When submitting your assessment, please submit it as one document – do not submit the title page, the references and the body separately. If you do this, your assessment will be returned to you for re-formatting
    代写 BSBFIA401  Prepare financial reports 
     
    Style Guide for Assessment Submission
    You must submit your entire assessment in a professional portfolio format using the following guidelines as the format of your assessment:
    Language ·         Use formal and non-discriminatory language
    ·         Avoid informal terms: E.g.; Using “Yeah” rather than “Yes”
    ·         Avoid sexism in language
    Spelling ·         Use a spellchecker to ensure your portfolio is free of spelling errors.
    ·         Spell organisation/brand names as the organisation spells it. E.g.; iPhone
    Proofreading ·         Ensure the following in your portfolio:
    ­    correct use of grammar, spelling and punctuation
    ­    visual consistency and language consistency
    ­    coherent structure and consistent layout
    ­    readability and legibility in typography
    ­    tables have titles and aligned according to the page margins
    Headings and Subheadings ·         Use Cambria (Headings):
    H1: Main Heading (16pt)
    H2: Subheading Level 1 (14pt)
    H3: Subheading Level 2 (13 pt)
    ·         Use an initial capital for the first word only (unless the heading includes proper names and nouns): E.g.; Assessment Activity 1
    ·         Use informative and intriguing wording
    ·         Using Boxed Headings is optional.
    Citation and Reference List ·         Use Harvard Style Guide
    ·         Insert in-text citation directly after the information being sourced from an external source.
    ·         Provide a Reference List (Bibliography) at the end of your portfolio
    ·         Each external image incorporated in your portfolio must be sited.
    Capitalisation ·         Use initial capitals for positions,personal names, placenames, nationalities, and groups of people
    E.g.; Chief Executive Officer – AlimSaiyed – Parramatta – Australia – Australian
    Lists ·         Use a colon to introduce the list, a comma before ‘or’/’and’ and a full stop at the end of the last item in the list. Use a bullet point as the first level and an en dash (-) as the second level
    E.g.;
    Students must enrol in:
    ·         Accounting units,
    ·         Marketing units, and
    ·         Business units
    - Manage Meetings
    - Make a Presentation.
    Font Use black as text colour and Calibri (Body) 11pt or 12pt for default text (See Headings and Subheadings for headings).
    Text alignment ·         Use text justification (Ctrl+J) for paragraphs.
    Spacing ·         Use 1.15 as line spacing.
    Printing ·         Use Moderate margins for printing (Page Layout à Margins à Moderate).
    ·         Print Black/White unless stated otherwise by your Trainer/Assessor.
    Privacy Principles ·         Visit the following page and familiarise yourself with Australian Privacy Principles
    •  
    For more information on how to write professional documents, you may refer to the ‘Style Manual’, sixth edition:
    Assessment Activity 1 – Knowledge gathering: Maintain asset register, Record general journal entries for balance day adjustments
    To be deemed satisfactory, you must answer all of the below tasks.
    Task 1.1
    What details are required to prepare a suitable asset (machinery) register?
    Task 1.2
    Design a card that you could use for an asset register. Why it is necessary to maintain a fixed asset register (FAR) and what does it enable you to do?
    Task 1.3
    Discuss the different deprecation methods, which can be used to calculate depreciation of fixed assets.
    Task 1.4
    ABC Ltd firm purchased motor vehicles on 1st July 20X3 for $36,000 plus GST. For Depreciation, purposes assume that the reducing balancing method is used and depreciation rate to be applied is 37.5%. Financial years end 30 June.
    Determine depreciation of ABC Ltd for four years by using above-mentioned methods for financial years ended 30 June
    Task 1.5
    Using the information below, you are required to complete an asset register, including the depreciation schedule
    The following information relates to the asset transactions of the Modern Machinery Company.
    Depreciation rate is 20% reducing balance.
    The firm’s financial year ends on 30 June.
    2014 Jan 1      purchased a machine for cash $ 6400 excluding GST
    2014 Jan 1    sold the machine for $ 5184 excluding GST
     
     
     
     
     
     
     
     
     
     
     
                     ASSET REGISTER ASSOCIATED WITH DEPRECIATION SCHEDULE
    ASSET REGISTER
    MODERN MACHINERY COMPANY
    Asset cost                                                               
    Labour/installation                                                  Nil
    Total asset cost and depreciable value                            Rate  % reducing balance
    Date Carrying amount This year’s  depreciation Accumulated depreciation Closing carrying amount
    1 January 2013        
    30 June 2013        
    1 January 2014        
     
    Task 1.6
    Based on information given task-1.5, Record the depreciation of non-current assets (machine) for the year 2013 and 2014
    Date Particulars Debit ($) Credit ($)
    June 30
    2013
         
         
    January 01
    2014
         
         
     
     
     
     
     
     
     
     
     
     
     
     
    Task 1.7 Based on information given task-1.5 Prepare journal entries to record the purchase and disposal of machine.
    Date Particulars Debit ($) Credit ($)
    January 01
    2013
         
         
    January 01
    2014
         
         
    January 01
    2014
         
         
    January 01
    2014
         
         
     
    Task 1.8
    Discuss the difference between bad debts and doubtful debts.
     
    Task 1.9
    Select any organization from financial service industry in Australia (can be a bank or other financial institution), now Discuss which laws and code of practice staff need to follow of your chosen organisation.
     
    Task 1.10
    Discuss the meaning of double entry accounting principle.
     
     
     
     
     
     
     
     
     
     
    Assessment Activity 2 – Practical: Record general journal entries for balance day adjustments, Prepare final general ledger accounts
    This assessment task is about to record Adjust expense accounts and revenue accounts for prepayments and accruals, Record bad and doubtful debts, Adjust ledger accounts for inventories
    Task 2.1
    A firm’s financial year ends on 31st December. On 1st November 2014, the firm entered part of its premises and received six months’ rent in advance totalling $4,620 including $420 GST. The rental agreement was not renewed and no additional rent was received for the financial year ending 31st December 2015.
     
    Required:
    a)      In general, journal format what would be the general journal entry on 1st November 2014for the $4620 rent received?
     
    Date Particulars Debit ($) Credit ($)
     
     
     
     
     
     
     
     
         
     
     
    b)      What is the general journal entry required for income received in advance on 31st December 2014?
     
    Date Particulars Debit ($) Credit ($)
     
     
     
     
     
     
     
     
         
     
     
     
     
     
     
    Task 2.2
     
    Nicho Ltd pays $1,200 for an insurance policy 30 September 2014. This policy covers the period 1st October 2014 to 30 September 2015. The financial year ends on 31st December.
     
    Required:
    Record the journal entry on the date 30 September 2014 and December 2014.
     
    Date Particulars Debit ($) Credit ($)
     
     
     
         
         
     
     
     
         
         
     
    Task 2.3
    (a) The balance of an accounts receivable on 30 June 2014 was Dr $ 10,200. An allowance for doubtful debts is to be created for 5% of that   balance.
    Required:
    The general journal entry of the creation of the allowance; and
    (b) As at 30th June an extract of the balance discloses:
                                                                                Debit ($)            Credit ($)
                    Accounts receivable                          11600                
                    Allowance for doubtful debts                                         310
    The allowance is to be adjusted to 4% of accounts receivable.
    For the following situation, you are required to show:
    The general journal entry the adjustment of the allowance for doubtful debts.
     
     
     
     
     
    (a)    General journal
    Date Particulars Debit ($) Credit ($)
    2014
    Jun 30
     
     
     
     
       
    (b)   General journal
    Date Particulars Debit ($) Credit ($)
    2014
    Jun 30
     
     
     
       



    Task 2.4
    An extract of the trial balance at 30 June 2014 discloses:
                                                                                Debit ($)            Credit ($)
                      Bad debts                        323
       Accounts receivable                          14, 855                
                    Allowance for doubtful debts                                         650
     
    The allowance is to be adjusted to 4% of accounts receivable.
     
    A further amount of $572 inclusive of GST is to be written off as bad debt.
    Required:
    1. The general journal required to write off the bad debt
    2. The general journal entry to transfer allowance for doubtful debts to bad debts
    3.  The general journal entry to transfer bad debt to profit and loss
     
     
     
     
     
     
     
     
     
    A.
    Date Particulars Debit ($) Credit ($)
     
     
     
         
    B.
    Date Particulars Debit ($) Credit ($)
     
     
     
         
     
    C.
    Date Particulars Debit ($) Credit ($)
     
     
     
         
     
    Task 2.5
    A firm uses the perpetual inventory system to control its inventory. The inventory control account in the ledger discloses an amount of $19,400 for inventory.
    Required: General journal entries where a physical stocktake disclose inventory on hand as
    (a)   $19,000    (b) $19,600
     
     
     
     
     
     
     
     
    (a)    $19000
    Date Particulars Debit ($) Credit ($)
     
     
     
         
    (b)   $19600
    Date Particulars Debit ($) Credit ($)
     
     
     
         
     
    Task 2.6
    A firm pays salaries on 18th of each month. As at 1st June 2014, the balance brought down of the salaries general ledger account was $97, 640. An extract of cash payment is journal revealed:
     
     
    Date Details Bank Salaries
    20X7
    June 18
     
     
     
    Salaries
    Salaries
    $
    8,900
    8,700
    $
    8,900
    8,700
     
    The firm balance date is 30 June. On 30 June 2014 salaries due but not paid ware $3,600.
     
    Required:
    a)      The general journal entry for salaries due but not paid as at 30 June 2014
    b)     The general journal entry required to reverse the entry in (a) above 1st  July 2014
    c)      The salaries account which clearly shows:
    i)                    The balance transferred to profit and loss account on 30 June 2014
    ii)                  The balance carried down on salaries account at 31 July 2014
     
     
     
     
     
     
     
     
     
    (a)   & (b)
    Date Particulars Debit ($) Credit ($)
     
     
     
         
     
     
     
     
         
     
     
    (C)                                                       Salaries
     
    Date Particulars Amount Date Particulars Amount
       
     
     
     
           
           
           Salaries
     
    Date Particulars Amount Date Particulars Amount
       
     
     
     
     
           
     
     
     
     
     
    Task 2.7
    From the following information, you are required to prepare:
     
    a)      Prepare general journal entries to record balance day adjustments in accordance with accounting requirement.
    b)      From revenue and expense balance of trial balance, prepare trading account to reflect gross profit.
    c)      Prepare Profit and loss account to reflect net profit
     
    Trial balance of J Archer at 30 June 2014
      Debit   $ Credit  $
    Petty cash 300  
    Drawings 6,700  
    Wages 35,400  
    Stock 10,600  
    Cash at bank 2,785  
    Cost of goods sold 97,772  
    Office expense 984  
    Mortgage interest 4,800  
    Rent received   937
    Discount allowed 611  
    Accounts receivable 4,500  
    8% mortgage on land building –due 30.6.2014   60,000
    Motor vehicles 44,400  
    Land and building 270,000  
    Capital -1st July 2013   195,600
    Sales   220,100
    Rates,water,land 1,627  
    Advertising 3,492  
    Insurance 1,864  
    Cartage outward 3,217  
    GST clearing   9815
    Accounts payable   2,600
    Additional information:
    • Stock on hand as per stock take 30 June 2014                    $9,000
    • Wages to be accrued                                            $730
    • Depreciation on motor vehicles $7,900 to be provided
    • Insurance Prepaid                                           $350
     
     
     
     
     
    (a)
     
    Date Details Debit ($) Credit($)
    2014
    June 30
     
     
     
     
       
     
     
     
     
     
       
     
     
     
       
     
     
     
     
       
     
    (b)
                                                     Trading Account as at 30 June 2014
    DATE PARICULARS AMOUNT DATE PARTICULARS AMOUNT
    30 June  
     
     
     
     
     
     
     
     
     
     
     
     
           
           
     
     
    (c)                     
     
                                               Profit and loss account as at 30 June 2014
    DATE PARICULARS AMOUNT DATE PARTICULARS AMOUNT
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
           
           
     
     
     
     
     
     
    Assessment activity 3 – Practical: Prepare end of period financial reports
    • This task requires you to prepare end of period financial reports
    • candidates must use Word or Excel to prepare Financial report(Assessment Task 3)
     
    Case study
    Three Executives of a well-known multi-national established business in 2011, named Whitworth Box. Morris McMillan is Chief accountant of Whitworth Box and he has prepared trial balance from the general ledger balance for the year ending 30 June 2014
    Particulars Debit ($) Credit($)
    Cost of goods sold 348,583  
    Advertising products 13,045  
    Salaries-sales staff 44,929  
    Salaries-office staff 76,276  
    Insurance 8,053  
    Rates and taxes 11.234  
    Light and power 8,980  
    General expenses 13,434  
    Discount allowed 4,040  
    Bank charges and fees 892  
    Bad debts 2,315  
    Sales   732,600
    Rent income   8,000
    Interest received   854
    Stock 44,702  
    Accounts receivable 8,268  
    Bank 51,364  
    Accounts payable   14,555
    GST clearing   68,585
    Land and buildings 407,188  
    Plant and machinery 94,000  
    Accumulated depreciation-buildings   5,700
    Accumulated depreciation-plant & machinery   13,500
    Drawings 17,151  
    Capital   310,660
      $1,154,454 $1,154,454
    The following adjustments are required as at 30 June 2014:
     
         1)  Stock on hand as per stock takes 30.06.2014                    $45,500
     
         2) Salaries- sales staff, to be accrued              $1,079
     
         3) Expenses paid in advance-          advertising          $1,460
     
               Insurance     $610
     
          4) A write-off of a further bad debt inclusive of GST of $ 968 is required.
     
          5) Depreciation to be provided- building                    $940
                                                       Plant and machinery        $10,600
     
         6) Allow for doubtful debts 2% of accounts receivable (after bad debts write-off)
     
    Errors in transactions:
    When Morris (chief accountant) review transactions end of October 2014, he found following errors in recording process.
    1. An amount of $50 plus 10% GST for the sale of old furniture on credit incorrectly credited to sales accounts $50.
     
    1. The purchase of motor vehicle on credit $6,000 plus 10% GST from Hilsdons LTD incorrectly debited to inventory account $6,000.
     
    1. A sales on credit to B Browne for $30.00 plus 10% GST incorrectly posted to the debit of K Brown
     
    1. An amount of $150 for wages paid was incorrectly posted to general expense account.
     
    1. $240 plus 10% GST of office furniture purchased and paid for has been debited to inventory account as $264
     
     
     
    Required:
    Task 3.1
    Prepare general journal entries to record balance day adjustments in accordance with accounting requirement.
    Task 3.2
    Prepare income statement (revenue statement) to reflect operating profit for the year ended 30 June 2014
    Task: 3.3
    Prepare balance sheet to reflect financial position of Whitworth Box as at 30 June 2014
    Task: 3.4
    From case study identify error transactions and correct these transactions.  After that, discuss these errors with your assessor and classmates assumingthem as owners of Whitworth Box. Your assessor will use following checklist to assess your skills about how you explain issues and ask questions.
     
    The objective of your presentation must be to:
    ·                 communicate with the audience clearly, understandably and creatively
    ·                 present your ideas, findings and recommendations credibly to convince the audience and gain support and agreement
    ·                 satisfactorily answer questions and objections
    ·                 Organise material in an effective and logical sequence and format for the presentation
    ·                 develop a range of support materials that can be used to present a variety of ideas and concepts for your presentation
    ·                 apply techniques to control the flow of information
     
    Conditions of Presentation
    You must make this presentation professional, delivering the materials with confidence and being knowledgeable and flexible in responding to queries and feedback
    All resources must be provided to candidates in order to facilitate in delivering their presentation. This may include:
    ·        Internet ·        Speakers ·        White board
    ·        Training Room ·        Board markers ·        Printing facilities
    ·        Overhead projector ·        Computer workstation ·        Microsoft PowerPoint (2007-2013)
         
    Your presentation must cover all errors. In summarised form so that you can clearly communicate this material in a maximum time of twenty (10) minutes, including Question/Answer session.
    During your presentation, your audience will give you a final feedback, including your Trainer/Assessor. Your Trainer/Assessor will give you the final deadline to make the necessary adjustments and submit the finalised version.
    Print and include any documents you use from an external source and reference any other information for your Trainer/Assessor.
    You must submit your work along with the slides to your Trainer/Assessor for approval on time without requesting extensions – this is a requirement of the assessment due to timely project delivery.
    Your assessor will use following checklist:
    Did the candidate Y/N comments
    Explain the errors identified above    
    Explained the reasons (used accounting industry terminology )    
    Used a good communication channel such as one to one meeting, class presentation, video conferencing etc.    
    Maintained eye contact, appropriate facial expressions, posture and gestures and supported the verbal message with appropriate vocal pitch, tone and pace    
    Matched their language and style to suit the subject, the formality of the situation, and adapted to the cultural requirements of the stakeholders    
    Elicited views and opinions of others by listening and questioning    
    Encouraged stakeholders to raise their queries and responded to all queries raised by the audience    
    delivered on a timely manner    
     
                         
     
     
     
     
     
     
     
     
     
     
     
     
     
    Assessor marking and Feedback Form: Prepare financial reports
    Assessor Use Only
    Assessors please tick if the evidence supplied is enough to demonstrate satisfactory performance. Also, write comments on the quality of this evidence.
     
    Performance Criteria S NYS Comments
    Assessment Task 1. Knowledge gathering : Knowledge gathering: Maintain asset register, Record general journal entries for balance day adjustments
     
    ¨  How to Prepare a register of property, plant and equipment from fixed asset transactions      
    ¨  To Determine method of calculating depreciation      
    ¨  How to maintain asset register and associated depreciation schedule      
    ¨  To Record depreciation of non‑current assets and disposal of fixed assets      
    ¨  Distinguish between  bad and doubtful debts      
    Assessment Task 2. Record general journal entries for balance day adjustments, Prepare final general ledger accounts
     
    ¨  How to Adjust expense accounts and revenue accounts for prepayments and accruals      
    ¨  How to Record bad and doubtful debts      
    ¨  Adjust ledger accounts for inventories,      
    ¨  To Make general journal entries for balance day adjustments in general ledger system      
    ¨  To prepare trading account to reflect gross profit.
     
         
    ¨  To Prepare Profit and loss account to reflect net profit
     
         
    ¨  To Prepare balance sheet to reflect financial position
     
         
    Assessment Task 3. Prepare end of period financial reports      
    ¨  To Prepare general journal entries to record balance day adjustments      
    ¨  To Prepare income statement (revenue statement) to reflect operating profit      
    ¨  To Prepare balance sheet to reflect financial position      
    ¨  To identify error transactions and correct these transactions.      
    Performance evidence      
    produce a detailed asset register and depreciation schedule      
    accurately record entries for balance day adjustments      
    prepare financial reports
     
         
    trace and reconcile errors systematically or seek expert advice if required
     
         
    apply double-entry principles
     
         
    Complete all tasks according to organisational policies and industry standards.
     
         
    Knowledge Evidence      
    ·          explain double entry bookkeeping principles
     
         
    ·          identify general journal and general ledger entries
     
         
    ·          list the key provisions of relevant legislation, regulations, standards and codes of practice that may preparation of financial reports
     
         
    ·          describe organisational accounting systems
     
         
    ·          Outline relevant organisational policies, procedures and accounting standards.
     
         
    Foundation skills      
    ·          Reading      
    ·          Writing      
    ·          Oral communication      
    ·          Numeracy      
    ·          Navigate the world of work      
    ·          Interact with others      
    ·          Get the work done      
    Final Results:                                                     C/NYC
    Final Comments:
     
     
     
     
     
     
     
     
     
    Assessor Initials:
    Date:
             
     
     代写 BSBFIA401  Prepare financial reports