代写  FNS40610 Certificate IV in Accounting assignment

 
ASSESSMENT 2
 

Student name:	Student number:
Trainer/Assessor:	Term/Year:
FNSACC302A Administer subsidiary accounts and ledgers	FNS40610 Certificate IV in Accounting
Due date:	Date submitted:
Assessment 2: Written Assessment	Elements: All Performance Criteria: All

 
Instructions to the Students
 
Students must keep a copy of this assessment.
 
Plagiarism/Cheating is a serious offence. If a student is found plagiarising/cheating, it may result in a penalty of suspension/cancellation of student’s enrolment.
 
I declare that this assessment is my own work. The material in this has not been submitted in any other formal course of study.
 
 
 
 
Students to retain this section as proof of Assessment
 

Student name:	Student number:
FNSACC302A Administer subsidiary accounts and ledgers	Assessment 2: Written Assessment
Student signature:	Trainer/Assessor signature:
Date:

 
 
 
 
 
 
 
Introduction
This written assessment has been designed to assess the criteria associated with the competency FNSACC302A Administer subsidiary accounts and ledgers. To achieve competency in this unit, a person must be able to demonstrate:
 
·      interpret and comply with organisation policies and procedures and industry compliance requirements for monitoring accounts
·      identify bad and doubtful debts in a timely manner and plan effective recovery actions
·      follow bank account reconciliation processes
·      use relevant data entry systems accurately.
 
This competency is part of the award FNS40610 Certificate IV in Accounting. 
 代写  FNS40610 Certificate IV in Accounting assignment  

Instructions:

This written assessment is to be completed according to the instructions given by your assessor. Listen carefully to these instructions.
 
Time
You will be given a set amount of time to complete the written assessment.
 
Marking guide
The written assessment is divided into sections that relate to the unit of competency, the different elements of competency and required knowledge. You must answer each question correctly.
 
Each question has been allocated a mark and this is shown in the written assessment. Your final mark will be recorded in the results.
 
Results and feedback
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.
 
Assessment rules
·      This is a closed book assessment. The written assessment is to be completed according to the instructions given by your assessor. Listen carefully.
·      You will be given 3 hours to complete the written assessment.
·      The assessment must be written in blue or black pen.
·      No copying from other students.
·      Failure to adhere to these rules will result in penalties.
 
@ Task 1
Use the file Assessment 2 – Appendix 1.xls to prepare the following for James Music Supplies. The business receives and allows a discount of 2.5% if the account is paid and received within 7 days and charges interest of 1% on overdue accounts.  Suppliers charge the business 2% interest on accounts not paid within 30 days.
 
Note: Monica’s music hits (Accounts Receivable) owes the business $1320 from the previous month. This debt and the interest is written off at the end of the month, notification was received that Monica’s music hits has been declared bankrupt.
 
Accounts Receivable Nikki's Music Classes ledger shows a balance of $715 from previous month, however, customer has informed the business that last month’s statement did not show payment of $715.  This has been investigated and corrected; payment was posted to Shelley Music Retailer P/L in error.
 
Accounts Payable Notes & Lyrics P/L has a balance of $3300 from the previous month. Interest is charged by suppliers at 2% if account is not paid in 30 days.
 
a.   Post the journals to General ledger (Accounts Receivable and Accounts Payable control ledgers). (7 marks)
 
b.   Post the journals to Subsidiary Accounts Receivable and Subsidiary Accounts Payable ledgers. (7 marks)
 
c.   Extract a schedule of Accounts Receivable and Accounts Payable balances. (7 marks)
 
d.   Prepare statements for all customers that include an aged analysis of balance owing. (7 marks)
 
e.   Reconcile statement received from Accounts Payable, Notes & Lyrics P/L for the month with the business records and prepare a reconciliation statement. (7 marks)
 
f.    What procedures should the business follow to recover the outstanding debts of Accounts Receivables? (5 marks)
 
 
 
Adapted from: Certificate III in Accounts Administration and CIV in Accounting, Assessment Kit 2011, CD-ROM, Pearson Australia, Melbourne.
代写  FNS40610 Certificate IV in Accounting assignment