FNSACC311 - Business Transactions And Financial Reports Writing - Finance Assignment Help

Assignment Task

Task 1 - Preparing deposit facility and lodging flows
 

Background
 

You are employed as a part-time Accounting Assistant for Complete Business Services. As part of this position, you are required to arrange to deposit and bank the receipts (through a role play). You are required to prepare the deposit of the six (6) transactions given in a separate table ( List of Transactions) at the Commonwealth Bank branch as per the banking procedures outlined in the organisational Policies and Procedures document.
 

You are required to refer to “Banking information” for additional information to help you complete the tasks.
 

Notes for the roleplay as (d) below: You as the depositor will need to obtain proof of lodgement from the bank clerk/ teller (another participant in your roleplay) e.g. through signed documentation). Your roleplay should be 1-2 minutes in duration and recorded. You will require another participant eg friend/ another classmate/ family member who will be in the role of a clerk/teller. You will need to upload the video on Canvas.
 

Complete the following:

a) Name the deposit facility you will use to complete the transactions
b) Describe two (2) ways to deliver the monies safely and securely
c) Prepare the deposit facility that will be used to process all six (6) transactions and complete the deposit slip which is provided below.
d) Conduct and record a roleplay you (the student) will play the role of the depositor and the other participant will be the bank clerk/ teller. You, the depositor, must present your completed documentation to the bank clerk/teller. The bank clerk/teller must them check the amount and sign the documentation as proof of lodgement.
e) List 2 features from the organisational Policies and Procedures for handling electronic payments, cheques and cash. (2 examples for each of the payment methods)
f) Following is the copy of the cheque you have received from Smith & Co.as referred in transaction no. 2 in the table given for list of transactions. You are required to check the validity of the cheque by checking the amount in words and figures. You need to carefully check the spelling for your business. Write “yes” if the amounts match. If no. Write “no” and state what differences you found.
g) You are also required to confirm with the teller during your roleplay that the money received from Tory Michael as an electronic payment is being credited to your business bank account.

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