Environments who are responsible for preparing

This preview shows page 3 - 6 out of 17 pages.

environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role. Context Purpose of this assessment is to assess skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. This assessment takes place in International Institute of Business and Information Technology (IIBIT) computer lab. The following factors must be observed during assessment – please follow WHS instructions given by your trainer and ones put on the wall. This assessment is due when you are instructed by your trainer. Procedure 1. Read all questions carefully 2. Provide answer to all questions 3. Attach evidence documents to this tool 4. Ensure your assessor has acknowledged the receipt of the evidence by signing next to “assessor acknowledgement of receipt” section of marking guide. 5. Please ensure to keep electronic copies of evidence submitted until you complete your qualification. You just graduated from International Institute of Business and Information Technology with Advanced Diploma of Accounting. After successful interview with small accounting firm you have been offered a full time position as an assistant accountant. After few weeks of work under the supervision of senior accountant (Tony) you received you first independent task. Project 1 Tony forward to you an email from one of his clients and asked you to prepare answers for the following client’s questions: 1. Provide the correct BAS code for each of those activities: Activity BAS code Total sales G1 Export sales G2 Authorised by – Campus Manager Issue Date – 04 May 2015 Doc Name; FNSBKG404 – Assessment Task 3 Version 1 Page 3 of 17
FNSBKG404 Carry out business activity and instalment activity statement tasks Other GST-free sales G3 Capital purchases G10 Non-capital purchases G11 GST on sales 1A GST on purchases 1B 2. What is included in the total sales? Provide 3 examples.
3. What is not reported in the total sales? Provide 10 examples.
Authorised by – Campus Manager Issue Date – 04 May 2015 Doc Name; FNSBKG404 – Assessment Task 3 Version 1 Page 4 of 17
FNSBKG404 Carry out business activity and instalment activity statement tasks Project 2 After successful completion of your first independent task Tony asked you to prepare your first

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture

  • Left Quote Icon

    Student Picture