Recent Question/Assignment

Assessment Details
Qualification Code/Title Diploma of Accounting
Assessment Type Assessment -1 ( Assignment) Time allowed
Due Date Location AHIC Term / Year
Unit of Competency
National Code/Title FNSACC506 Implement and maintain internal control procedures
Student Details
Student Name Student ID
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ____________________________
Date: _____/______/__________
Assessor Details
Assessor’s Name
RESULTS (Please Circle) SATISFACTORY NOT SATISFACTORY
Feedback to student:
....................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Signature: _______________________________
Date: ______/_______/___________
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.
Signature: ________________________________________
Date: ______/_______/___________

Instructions to the Candidates
? This assessment is to be completed according to the instructions given below in this document.
? Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.
? If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
? Please refer to the College re-submission and re-sit policy for more information.
? If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately.
? Please read the Questions carefully then answer all of them.
? To be deemed competent for this unit you must achieve a satisfactory result with all tasks in this Assignment along with a satisfactory result for the another assessment.
? This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately.
? This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the Assessments to your Trainer/ Assessor.
? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero..

Question 1
Why must directors provide adequate disclosure in financial reporting? Discuss in 120 to 150 words.
Question 2
To whom should adherence to ethical values apply and what is the value and purpose of professional codes of ethics? Discuss in 150 to 180 words.
Question 3
What is the purpose of corporate governance mechanisms and what are the crucial components of corporate governance principles? Discuss in 120 to 150 words.
Question 4
Why is adherence to ATO reporting deadlines important? Discuss in 120 to 150 words.
Question 5
Explain why work practices are influenced by the segregation of duties. Discuss in 150 to 180 words.
Question 6
Who are the stakeholders with whom a business should consult and what is the value of consultation and the involvement of stakeholders? Discuss in 150 to 180 words.
Question 7
Explain the differences between internal and external auditing. Discuss in 120 to 150 words.
Question 8
What are the key components of internal control? Discuss in 150 to 180 words.