FNS40217: Throughout Your Training We Are Committed To Your Learning: Certificate IV In Accounting And Bookkeeping Assignment, RMIT, Australia

University RMIT University
Subject FNS40217: Certificate IV In Accounting And Bookkeeping

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.

Are You Searching Answer of this Question? Request Australian Writers to Write a plagiarism Free Copy for You.

Tasks

Task1

Implement the integrated accounting system through completion of the following steps:

  1. In accordance with the organisational requirements, policies and procedures, implement the general ledger, chart of accounts, and subsidiary accounts. Provide evidence of the general ledger, chart of accounts, and subsidiary accounts.
  2. In the system, set up the customers, suppliers and inventory items, ensuring to meet the organisational requirements and GST reporting requirements. Provide evidence of the customers, suppliers and inventory items in the system.
  3. As required, identify and use sources of technical help to solve operational problems. Document all sources of technical help utilised throughout the task.

Complete all the learning activity tasks given in element 1 and submit inventorysetup.myo data file with the assessment.

Get Solution of this Assessment. Hire Experts to solve this assignment for you Before Deadline.

Task 2

Processed transactions in the integrated system through completion of the following steps:

  1. Collate, code, and classify the input data before processing each of the following types of transactions, according to organisational policies and procedures:
    • BPAY
    • Credit card payments
    • Direct debit
    • Invoices
    • Petty cash

Provide evidence of the collation, coding and classification of input data, and evidence of the processing of each of the identified transaction types.

  1. Make balance day adjustments for prepayments and accruals using the general journal.

Record the following balance day adjustment on 30th Jun 2011 using cheque.myo data file:

  1. Advertising Expense includes $50, which relates to an advertising campaign in the next month
  2. Business paid Insurance premium $1,000 on 1st Jun 2011 for the year till 31st May 2012.
  3. Record depreciation for Office equipment – straight line at 10% p.a.
  4. Telephone Expenses – $200 accrued. The next invoice will be received at the end of July
  5. Services appliances includes $600, which is a client’s deposit to secure appliances service in July.
  6. Complete all the learning activity tasks given in element 2 and submit the following data file with the assessment:
  • Pay purchases.myo
  • Customer Payments.myo
  • myo

Stuck in Completing this Assignment and feeling stressed ? Take our Private Writing Services.

Task 3

Maintain the system through completion of the following activities: 

Chart of accounts.myo (Element 3)

  1. As required, add new general ledger accounts, and customer, supplier, inventory and fixed asset records, ensuing to maintain and update the chart of accounts, customer, supplier, inventory and fixed asset records and subsidiary accounts. Provide evidence of the adding of new records.
  2. Customise and modify the existing chart of accounts to meet the reporting requirements of organisation. Provide evidence of the chart of account customisation/modification.

Complete all the learning activity tasks given in element 3 and submit chart of accounts.myo data file with the assessment.

cta_question_4

Task 4

  1. Produced the reports required in the two reporting periods through the following:
  2. Generate, and provide copies of, each the following reports as required over the reporting periods:
    • Goods and services tax (GST) accrual report
    • Bank reconciliation report
    • Profit and loss statement
    • Balance sheet

    Establish, use, and document, the systems and practices to ensure information is stored securely

  3. Maintain the secure record of processed transactions for audit purposes. Provide a copy of this record.

Task 5

Verify accuracy and financial year rollover.

  1. Regularly review the system output to verify the accuracy of the data input, making adjustments for detected processing errors. Accurately record the adjustments for identified errors.
  2. As relevant, perform end of financial year rollover. Provide evidence of the rollover.

cta_question_5

Get Help By Expert

Avail our university assignment help service to complete your (FNS40217) Certificate IV In Accounting And Bookkeeping Assignment. Our native Australian writers are highly experienced and skilled to provide doubtless help on accounting assignment at a low price.

Recent Solved Questions

Online Exam & Assignment Writing Services

50000+ Orders Delivered

4.9/5
5 Star Rating

Confidential & Secure Assignment Help For

Assessment Answer

Online Exam

Case Study Answers

TAFE & VET Levels

Tutorial Solutions

Summative & Individual

GBA & Reflective

MCQ Quiz & Test Help

Check Recent Assessment Solution

Principle of Negligence in Nursing
If you are a nursing student then you should aware of the term negligence and its consequences. Nursing from the nurse can lead to serious injury or even death of…
Nursing

Get help with Homework Assignments, Papers, and Projects