Recent Question/Assignment

Assessment Details
Qualification Code/Title Diploma of Accounting
Assessment Type Assessment -1 Time allowed
Due Date Location AHIC Term / Year 2019
Unit of Competency
National Code/Title FNSACC501-Provide Financial and Business Performance Information
Student Details
Student Name Rupesh shrestha Student ID AHI00002LR
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ___Rupesh shrestha_______________________
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 in class supervised by assessor.
? Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge. You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit of competency.
? 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 examination please inform the assessor immediately.
Question 1
In what section of the financial plan are compliance obligations found? List the common forms that have resulted from government financial policies.
a. Where can financial management instructions be found in meeting compliance obligations and for identifying changes in legislation?
b. How can clients’ liabilities to state government charges be calculated?
c. List the five common taxes or charges levied by state or territory governments.
Discuss in 120 to 150 words.
Response:
Question 2
List and describe four areas that are likely to cause taxation issues for clients.
Response:
Question 3
Conduct the appropriate research and compare and contrast forecasting techniques. Discuss your findings in 150 to 180 words.
Response:
Question 4
List and describe (50 to 80 words each) the benefits and application of the methods for presenting and formatting financial data.
Response:
Question 5
List two broad measures of budgetary control.
Response:
Question 6
Why would you implement budgetary controls for expenses including wages, inventory, telephone and motor vehicles? Discuss in 120 to 150 words.
Response:
Question 7
What are the main sources of information when considering financing and investing? Discuss in 150 to 180 words.
Response:
Question 8
Outline five risks and contingencies and risk management options relating to financial and business performance. Discuss in 150 to 180 words.
Response:
Question 9
List and briefly describe five aspects of legislation that protects a client’s rights and responsibilities
Response:

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