Work Effectively in the Accounting and Bookkeeping Industry - Accounting Assignment Help

Assignment Task

Task
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 word
Long Answer 8 typed lines = 100 words
Brief Report 500 words = 1-page typed report
Mid Report 1,000 words = 2-page typed report
Long Report 2,000 words = 4-page typed report
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 guideThe 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 sheetAssessment Cover Sheet
Unit Code and Name: FNSACC408
Student name: Student Number: Assessor Name: Date Submitted: The following questions are to be completed by the assessor:
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. Portfolio and Report and Portfolio and Report Checklist
The student will complete the written activities provided to them by the assessor. The Portfolio and Report Checklist will be completed by the assessor. S NYS
2. Short Answer Questions and Short Answer Questions Checklist
The student will answer a range of short answer questions with written responses. The Short Answer Questions Checklist will be completed by the assessor. S NYS
Student Declaration
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
I declare that:
The material I have submitted is my own work;
I have kept a copy of all relevant notes and reference material that I used in the production of my work;
I have given references for all sources of information that are not my own, including the words, ideas and images of others.
Student Signature: Date: Result and Feedback
Feedback to Student:
Overall Outcome Competent Not yet Competent
Assessor Signature: Date:
portfolio and Report
According to Bizfluent.com Accounting policies are important to any business to maintain consistency and to set up a standard for decision-making. Based on policies, procedures are developed and followed, including paying bills, cash management and budgeting.
Accounting policies are usually approved by management and do not change much throughout the years. They are developed for long-term use, reflecting a firms’ values and ethics. Accounting policies are not the same as accounting principles. Accounting principles are the rules, and accounting policies are how a firm adheres to these rules.
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. You must prepare a written response to each task, which can be supported by example documentation as required. Ensure material is referenced appropriately.
Word limit
To complete this activity, you are required to submit a portfolio and written responses of
Long Answer Minimum of 8 typed lines = 100 words for each Task in Part 1& Part 2
Part 1. Portfolio and Report
Tasks:
1. For this task you must assemble a portfolio of policies, procedures and codes of practice.
You are required to submit:
2 sample policies and procedures for bookkeeping and accounting
2 sample codes of practice that relate to bookkeeping and accounting

2. You should read, review and research to answer the following questions in your own words. You may use reference sources from the internet, your workplace or another reference source such as a library.
Describe at least two avenues for identifying other relevant professionals.
Explain the requirements of at least two relevant industry codes of practice.
Explain the policies and procedures relevant to your role in a book-keeping organisation.
Describe the relevant statutory, legislative and regulatory requirements for documentation of accounting procedures.
Part 2. Report of the requirements to work effectively in the accounting and bookkeeping industry
For this part of your assignment you are to write a report and document and respond to the tasks below to show your understanding of the requirements to work effectively in the accounting and bookkeeping industry.
You may draw and include a flowchart where a process is identified in the task or list the steps required to complete the tasks as well as providing a written response.
Tasks:
Describe how you would set up and maintain systems to meet your compliance requirements through the following actions:
Develop systems to support user needs.
Develop and document instructions and guidelines for carrying out daily activities according to their compliance requirements
Conduct regular reviews of the system, adapting it as necessary.
Detail the steps you would take to complete your work, working both autonomously and in a team to complete the following work activities:
Identify what the tasks are to be done, and identify the conditions required for the autonomous or team environment work.
Plan out and document the work to manage resources, time and priorities
Throughout teamwork, provide feedback to team members to encourage, value and reward individual and team efforts, and contributions.
Work together in the team to identify and resolve problems that impede team performance. How would you record the problems identified and how they were resolved?
Discuss how you would respond to changes in technology and work organisation.
 

This Accounting Assignment has been solved by our Accounting Experts at My Uni Paper. Our Assignment Writing Experts are efficient to provide a fresh solution to this question. We are serving more than 10000+Students in Australia, UK & US by helping them to score HD in their academics. Our Experts are well trained to follow all marking rubrics & referencing style.
    
Be it a used or new solution, the quality of the work submitted by our assignment Experts remains unhampered. You may continue to expect the same or even better quality with the used and new assignment solution files respectively. There’s one thing to be noticed that you could choose one between the two and acquire an HD either way. You could choose a new assignment solution file to get yourself an exclusive, plagiarism (with free Turnitin file), expert quality assignment or order an old solution file that was considered worthy of the highest distinction.