Please provide quote to complete his assessment for me thanks in advance

ASSESSMENT INFORMATION for students
Throughout your training we are committed to your learning by providing a training and assessment framework that ensures the knowledge gained through training is translated into practical on the job improvements.
You are going to be assessed for:
Your skills and knowledge using written and observation activities that apply to the workplace.
Your ability to apply your learning.
Your ability to recognise common principles and actively use these on the job.
All of your assessment and training is provided as a positive learning tool. Your assessor will guide your learning and provide feedback on your responses to the assessment materials until you have been deemed competent in this unit.
HOW YOU WILL BE ASSESSED
The process we follow is known as competency-based assessment. This means that evidence of your current skills and knowledge will be measured against national standards of best practice, not against the learning you have undertaken either recently or in the past. Some of the assessment will be concerned with how you apply your skills and knowledge in the workplace, and some in the training room as required by each unit.
The assessment tasks have been designed to enable you to demonstrate the required skills and knowledge and produce the critical evidence to successfully demonstrate competency at the required standard.
Your assessor will ensure that you are ready for assessment and will explain the assessment process. Your assessment tasks will outline the evidence to be collected and how it will be collected, for example; a written activity, case study, or demonstration and observation.
The assessor will also have determined if you have any special needs to be considered during assessment. Changes can be made to the way assessment is undertaken to account for special needs and this is called making Reasonable Adjustment.
What if I believe I am already competent before training?
If you believe you already have the knowledge and skills to be able to demonstrate competence in this unit, speak with your trainer, as you may be able to apply for Recognition of Prior Learning (RPL).
Assessor Responsibilities
Assessors need to be aware of their responsibilities and carry them out appropriately. To do this they need to:
Ensure that participants are assessed fairly based on the outcome of the language, literacy and numeracy review completed at enrolment.
Ensure that all documentation is signed by the student, trainer, workplace supervisor and assessor when units and certificates are complete, to ensure that there is no follow-up required from an administration perspective.
Ensure that their own qualifications are current.
When required, request the manager or supervisor to determine that the student is ‘satisfactorily’ demonstrating the requirements for each unit. ‘Satisfactorily’ means consistently meeting the standard expected from an experienced operator.
When required, ensure supervisors and students sign off on third party assessment forms or third party report.
Follow the recommendations from moderation and validation meetings.
How should I format my assessments?
Your assessments should be typed in a 11 or 12 size font for ease of reading. You must include a footer on each page with the student name, unit code and date. Your assessment needs to be submitted as a hardcopy or electronic copy as requested by your trainer.
How long should my answers be?
The length of your answers will be guided by the description in each assessment, for example:
Type of Answer Answer Guidelines
Short Answer 4 typed lines = 50 words, or
5 lines of handwritten text
Long Answer 8 typed lines = 100 words, or
10 lines of handwritten text = 1/3of a foolscap page
Brief Report 500 words = 1 page typed report, or
50 lines of handwritten text = 11/2foolscap handwritten pages
Mid Report 1,000 words = 2 page typed report
100 lines of handwritten text = 3 foolscap handwritten pages
Long Report 2,000 words = 4 page typed report
200 lines of handwritten text = 6 foolscap handwritten pages
How should I reference the sources of information I use in my assessments?
Include a reference list at the end of your work on a separate page. You should reference the sources you have used in your assessments in the Harvard Style. For example:
Website Name – Page or Document Name, Retrieved insert the date. Webpage link.
For a book: Author surname, author initial Year of publication, Title of book, Publisher, City, State

assessment guide
The following table shows you how to achieve a satisfactory result against the criteria for each type of assessment task. The following is a list of general assessment methods that can be used in assessing a unit of competency. Check your assessment tasks to identify the ones used in this unit of competency.
Assessment Method Satisfactory Result Non-Satisfactory Result
You will receive an overall result of Competent or Not Yet Competent for the unit. The assessment process is made up of a number of assessment methods. You are required to achieve a satisfactory result in each of these to be deemed competent overall. Your assessment may include the following assessment types.
Questions All questions answered correctly Incorrect answers for one or more questions
Answers address the question in full; referring to appropriate sources from your workbook and/or workplace Answers do not address the question in full. Does not refer to appropriate or correct sources.
Third Party Report Supervisor or manager observes work performance and confirms that you consistently meet the standards expected from an experienced operator Could not demonstrate consistency. Could not demonstrate the ability to achieve the required standard
Written Activity The assessor will mark the activity against the detailed guidelines/instructions Does not follow guidelines/instructions
Attachments if requested are attached Requested supplementary items are not attached
All requirements of the written activity are addressed/covered. Response does not address the requirements in full; is missing a response for one or more areas.
Responses must refer to appropriate sources from your workbook and/or workplace One or more of the requirements are answered incorrectly.
Does not refer to or utilise appropriate or correct sources of information
Observation/
Demonstration All elements, criteria, knowledge and performance evidence and critical aspects of evidence, are demonstrated at the appropriate AQF level Could not demonstrate elements, criteria, knowledge and performance evidence and/or critical aspects of evidence, at the appropriate AQF level
Case Study All comprehension questions answered correctly; demonstrating an application of knowledge of the topic case study. Lack of demonstrated comprehension of the underpinning knowledge (remove) required to complete the case study questions correctly. One or more questions are answered incorrectly.
Answers address the question in full; referring to appropriate sources from your workbook and/or workplace Answers do not address the question in full; do not refer to appropriate sources.
Practical Activity All tasks in the practical activity must be competed and evidence of completion must be provided to your trainer/assessor.
All tasks have been completed accurately and evidence provided for each stated task. Tasks have not been completed effectively and evidence of completion has not been provided.
Attachments if requested are attached Requested supplementary items are not attached

Assessment cover sheet
Assessment Cover Sheet
Unit Code and Name: BSBFIA401 Prepare financial reports
Student name: Student
Number:
Assessor Name: Date:
Is the Student ready for assessment? Yes No
Has the assessment process been explained? Yes No
Does the Student understand which evidence is to be collected and how? Yes No
Have the Student’s rights and the appeal system been fully explained? Yes No
Have you discussed any special needs to be considered during assessment? Yes No
The following documents must be completed and attached
? 1. Project and Project Checklist
The student will complete the activities provided to them by the assessor. The Project Checklist will be completed by the assessor. S NYS
? 2. Portfolio and Portfolio Checklist
The student will complete the required tasks provided to them by the assessor. The Portfolio Checklist will be completed by the Assessor. S NYS
? 3. Short Answer Questions and Short Answer Questions Checklist
The student will answer a range of questions with written responses. The Short Answer Questions Checklist will be completed by the assessor. S NYS
I agree to undertake assessment in the knowledge that information gathered will only be used for professional development purposes and can only be accessed by the RTO:
Overall Outcome ?Competent ?Not yet Competent
Student Signature: Date:
Assessor Signature: Date:
Result and Feedback
Feedback to Student:
Overall Outcome ?Competent ?Not yet Competent
Assessor Signature: Date:

Project
Instructions
You will need to research information to assist with your responses for this task.
What you will need to complete this task
Research materials such as books, internet, magazines, workplace documentation etc.
Access to legislative and regulatory documentation relevant to own state or territory.
You should use a variety of sources to gather information including training resources, workplace policies and procedures (if you are able to access these) and government and industry bodies.
You are required to provide information about the following points and complete both tasks. You must prepare a written response to each point, which can be supported by example documentation as required. Ensure material is referenced appropriately.
Templates are provided for you to download separately with this assessment booklet.
Word limit
To complete this activity, you are required to submit a written response of a:
Long Report Approximately 1,000 words = 2 page typed report
For this assessment you must complete the following project tasks.
Task 1 - Case study
Ben Cook owns and operates a business called Ben Cook Traders, which sells products to retail outlets throughout the country.
The business has been trading for 10 years. On the3rd July 2014 a fire destroyed the building in which all the accounting documentation was held. All business documentation was burned however, Ben had recently prepared his end of financial year business trial and had kept a copy on his computer at home.
Ben needs to get some documentation completed again and has asked you to do it for him. He has provided you with the trial balance sheet from home and has requested you complete the following tasks:
Record the account balances in the general ledger accounts
Record the adjustment for 30th June 2014 in the general journal
Post the journals to the ledger, including an asset register card for the motor vehicle that was sold through the year. Ben has provided you with acquisition details he obtained from the vehicle supplier
Prepare a trial balance once adjustments have been posted
Record the journal entries to close accounts at 30 June 2014
Post the closing entries to the general ledger
Prepare a trial balance after accounts have been closed
Prepare the financial reports for the year ending 30 June 2014
Ben has requested that the accounts and reports be prepared in a professional manner and presented within one week.
Ben Cook Traders
Trial Balance
As at 30 June 2014
Account name Debit Credit
Advertising 55000
Bad debts 12000
Bank 30000
Buildings 800000
Buying expenses 14800
Cartage outwards 120000
Commission revenue 59900
Discount expense 2500
Discount received 1800
Donations 5000
Electricity 40000
GST payable 15000
Input tax credits 10000
Interest expense 176000
Lease expense 6000
Legal costs 75000
Loan BL Finance due 2020 600000
Mortgage 400000
Motor vehicle expense 50000
Office salaries 40000
Manager salaries 100000
Wages 80000
Office stationary 4000
Petty cash advance 500
Provision for annual leave 25300
Provision for long service leave 15000
Purchases 360000
Purchases returns and allowances 27000
Rates and taxes 15250
Rent revenue 300000
Sales 900000
Stock (1/7/14) 120000
Creditors control 50000
Debtors control 80000
Provision for doubtful debts 2800
Equipment 900000
Accumulated depreciation - equipment 315000
Drawings 63750
Motor vehicle 320000
Accumulated depreciation – motor vehicle 168000
Capital 540000
3449800 3449800
Adjustments:
Interest owing on loan $4000
Wages owing to employees $10000
Additional bad debts to be written off (inclusive of GST) $5500
Provision for doubtful debts to be equal to 4% of debtors
Commission revenue yet to be received $5100
The provision for long service leave is to be increased by 3% of all salaries and wages
Provision for annual leave is to be doubled
Advertising paid in advance $5000
Equipment is being depreciated @15% p/a using the reduced balance method depreciation
Motor vehicles are being depreciated @20% p/a using the straight line method of depreciation
On April 1 2014 one of the vehicles (BMW) Registration number STR333 was traded for $25000 on a new Volvo costing $66000 GST Inc, the balance payable over 3 years financed by a loan from ACG Finance. The BMW was purchased on 1 January 2010 from Smart car sales with an expected life of 5 years with no residual payment
Cost price INC GST $120000
Delivery costs INC GST $5000
Registration and insurance $2500
Note: the disposal of the vehicle has not been recorded in the accounts
Stock on hand @ 30 June 2014 is $100000
Task 2
Your task is to use your knowledge and research abilities to, in your own words, describe each of the following points:
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.
Please ensure each section is addressed and a clear explanation of each is provided include an example.

project Checklist
Project Checklist
Unit Code and Name: BSBFIA401 Prepare financial reports
For this assessment, the student must complete the written tasks.
The tasks are stand-alone activities that will allow the student to display the required knowledge and skills that are essential when deciding overall competency.
Student name:
Assessor name:
Did the Student provide evidence of their ability to: Has the student satisfactorily completed the written activity?
Yes No
Task 1 – Case Study.
Ben needs to get some documentation completed again and has asked you to do it for him. He has provided you with the trial balance sheet from home and has requested you complete the following tasks:
Record the account balances in the general ledger accounts ? ?
Record the adjustment for 30th June 2014 in the general journal ? ?
Post the journals to the ledger, including an asset register card for the motor vehicle that was sold through the year. Ben has provided you with acquisition details he obtained from the vehicle supplier ? ?
Prepare a trial balance once adjustments have been posted ? ?
Record the journal entries to close accounts at 30 June 2014 ? ?
Post the closing entries to the general ledger ? ?
Prepare a trial balance after accounts have been closed ? ?
Prepare the financial reports for the year ending 30 June 2014 ? ?
Task 2 - Your task is to use your knowledge and research abilities to, in your own words, describe each of the following points:
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. ? ?
Feedback to Student:
Result ? Satisfactory ? Not Yet Satisfactory
Assessor Signature: Date:

2. portfolio
Instructions
Now that you have completed the unit of competence FNSACC416 Setup and Use a Computerised Accounting System, FNSACC311 Process financial transactions and extract interim reports and the unit FNSACC312 Administer subsidiary accounts and ledgers and attempted the “Try this for yourself” activities provided in each unit you will have created a comprehensive company file.
For this assessment you will again be using MYOB V19.7 Education Edition or MAC AccountEdge. You are to create and submit the following registers, schedules and reports from your company file and submit them with your assessment.
You must apply the following processes and show that you have undertaken the 3 tasks required by submitting reports that show both debits and credits.
Tracing and reconciling errors systematically or seek expert advice if required
Applying double-entry principles
Completing all tasks according to organisational policies and industry standards
Tasks - Registers, Schedules and Reports
A detailed asset register and depreciation schedule which includes:
Property, plant and equipment from fixed asset transactions
Copies of legers that you have recorded entries for balance day adjustments including:
Recording depreciation of non-current assets and disposal of fixed assets
Adjusting expense accounts and revenue accounts for prepayments and accruals
Recording bad and doubtful debts
Adjusting ledger accounts for inventories, if required, and transferring to final accounts
Prepare final general ledger accounts to reflect gross and net profits for reporting period
Financial reports as follows:
Revenue statement
Balance sheets

portfolio checklist
Portfolio Checklist
Unit Code and Name: BSBFIA401 Prepare financial reports
For this assessment, the student must complete the portfolio tasks.
The tasks are stand-alone activities that will allow the student to display the required knowledge and skills that are essential when deciding overall competency.
Student name:
Assessor name:
Did the Student provide evidence of their ability to: Has the student satisfactorily completed the written activity?
Yes No
1. Producing and maintaining a detailed asset register and depreciation schedule which includes:
Property, plant and equipment from fixed asset transactions ? ?
2. Accurately recording entries for balance day adjustments including:
Recording depreciation of non-current assets and disposal of fixed assets ? ?
Adjusting expense accounts and revenue accounts for prepayments and accruals ? ?
Recording bad and doubtful debts ? ?
Adjusting ledger accounts for inventories, if required, and transferring to final accounts ? ?
Prepare final general ledger accounts to reflect gross and net profits for reporting period ? ?
3. Preparing financial reports including:
Revenue statement ? ?
Balance sheets ? ?
Tracing and reconciling errors systematically or seek expert advice if required ? ?
Applying double-entry principles ? ?
Completing all tasks according to organisational policies and industry standards ? ?
Result ? Satisfactory ? Not Yet Satisfactory
Assessor Signature: Date:

short answer Questions
Instructions
Answer the questions below by writing in the space provided. If you require more space, use a blank sheet of paper. Alternatively, you may like to use Microsoft Word and print out your answers to each question.
What you will need
Research materials such as books, internet, magazines, workplace documentation etc.
Access to legislative and regulatory documentation
Your Learner Guide for this unit of competence
Word limit
Short Answer Responses 4 typed lines = 50 words, or
5 lines of handwritten text
Answer the following questions with written responses.
What are the main purposes of a fixed assets register?
What are the requirements a taxpayer must meet in order to be allowed a depreciation deduction for a property?
What are the two reasons a company would dispose of a fixed asset?
What are accruals? Give 2 examples.
What is a doubtful debt?
Why might the number of inventories on the general ledger be lower than that reflected in the inventory value in reality?
What needs to be done in order to prepare final general ledger accounts?
What needs to be done in order to prepare end of period financial reports?

short Answer Questions Checklist
Short Answer Questions Checklist
Unit Code and Name: BSBFIA401 Prepare financial reports
Student name:
Assessor name:
Satisfactory response
Yes No
1 What are the main purposes of a fixed assets register? ? ?
2 What are the requirements a taxpayer must meet in order to be allowed a depreciation deduction for a property? ? ?
3 What are the two reasons a company would dispose of a fixed asset? ? ?
4 What are accruals? Give 2 examples. ? ?
5 What is a doubtful debt? ? ?
6 Why might the amount of inventories on the general ledger be lower than that reflected in the inventory value in reality? ? ?
7 What needs to be done in order to prepare final general ledger accounts? ? ?
8 What needs to be done in order to prepare end of period financial reports? ? ?
Feedback to Student:
Result ? Satisfactory ? Not Yet Satisfactory
Assessor Signature:

Date: