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I declare that I have been assessed inthis unit, and I have been advised of my result. :Signature:Assessor:Signature:
ASSESSMENT 4 – Research & QuestioningSubmission detailsStudents will use their online study time to prepare for answers to the following questions and submitboth hardcopies and softcopies of the answers.Youmustsubmit bothprintedcopyandsoftcopyofyouranswers ina worddocument.Submit the printed copy of required evidences (your answers) to your Trainer with the "AssessmentCover Sheet" (Filled out and signed appropriately) attached on top of your documents.Upload the softcopy on the link provide in the eLearning site.See instructions below for details.Instructions:· To be prepared on an individual basis.· Assessment will only beaccepted if they have an assignment cover sheet on them signed by the student.· Students must provide detailed answer for every question along with relevant examples.· There is no word limit, but answer for every question should be reasonable in size,preferably ½ a page.· The Trainer/Assessormay further prompt and question in order to receive answers ofappropriate quality and to verify the authenticityYou are required to do research and type answers for following questions in a word document:Assessment Questions with sample answers1 What should you look for when choosing an accounting system for a businessAnswer should include, but is not limited to:Whenchoosinganappropriateaccountingsystem foryour business,youshouldconsiderthefollowing:Does the system calculate all payroll requirements (PAYE, annual leave, long service etc.)?Does the system track stock, work in progress, orders, jobs and other task management requirements?Will the system be able to handle multiple bank accounts?Does the system track separate financial records for each business or department within the business/Does the system allow for interface with other computer systems such as online payments?Does the system keep detailed records on customers including what they buy, how often they buy, when they buy etc?How user friendly is the system?Is the system saleable - can it expand as your business grows?Is the system supported in terms of problems, updates and tax changes?Capacity - how many users can use the product at once?Security - is it protected through paswords and authorisations?Does it incorporate data validation?
2Describe the key features of computerised accounting systemsAnswershouldinclude,butisnotlimitedto:Key features of a computerised accounting system includeSave time and moneyAbility to extract reports easilyAbility to meet reporting obligations in a streamlined mannerAbility to tracko General Ledgero Billing / Accounts Receivableo Accounts Payableo Inventoryo Sales Ordero Purchase Ordero Payroll / Human Resourceso Job Cost / Manufacturingo Custom Management ReportsOpens up ability to lodge reports electronically to various agenciesIncreased a