FNSACC311 Financial Transactions Assessment Task Summary

School: Lonsdale Institute - Course: ADVANCE DI BSBTWK502 - Subject: Accounting

Lonsdale Institute PTY LTD Assessment Task FNS30317 Certificate III in Accounts Administration FNSACC311 Process financial transactions and extract interim reports FNSACC311 Process financial transactions and extract interim reports Assessment #2Assessment Type ActivityDue Date29/01/2023 Assessment Conditions This is an assignment activity that may be worked on in study time and as homework. Activity presentation should be completed in a manner that is appropriate to professional business reporting. All sections and requirements of the assessment task must be included. Feedback may be sought prior to submission. Where necessary include forms, pictures, charts etc. may be added as attachments Assessment Submission Requirements ALL assessmentsmust be sent to[email protected] NO studentsare to email assessments to their trainer only Your email message and assessmentMUSThave the following details: EMAIL SUBJECT: (Add Unit code)_ (Add Trainer's Name)_ Assessment Submission EMAIL CONTENT: Please find attached *assessments tasks for the unit: (Unit code) oStudent Name: Kannapat Chotiwai oStudent ID: LON2003613 oThe Unit Code: FNSACC311 oAssessment type (Project and/or Activity): Activity oTrainer name: Jahagir Alam IMPORTANT NOTE: * Accounting students MUST attach both assessment tasks for each unit, with the exception of units relating to Marvellous Mobile Phones which can be submitted separately. ATTACHMENT TITLE:(add Unit Code)_(Add Assessment Type)_Student Name Assessments will only be accepted if the above instructions above are followed All assessments MUST be submitted as per submission dates(please refer to your training log) Late submissions and re submission policy will apply (please refer to your training log) Assessment Task LA102 FO Assessment TaskPage 1 of 4 LA102 PP Assessment Management (SNR 1.7-1.11,1.25) (ESOS 14.2)V2 Jan 2019 Lonsdale Institute Pty Ltd Provider ID 21915 CRICOS Code 02836F

Lonsdale Institute PTY LTD Assessment Task FNS30317 Certificate III in Accounts Administration FNSACC311 Process financial transactions and extract interim reports Question 1 Information from documents is identified and checked before being recorded TRUEFALSE Question 2 a.List 6 actions you can take to examine supporting documentation.In order to establish it accuracy, completeness and authorization 1 We can cross check accounting record. 2 We can cross check payment receipt. 3 We can cross check supply invoices. 4 We can cross check cash receipt. 5 We can cross check tax invoice. 6 We can cross check purchase orders' b.List 4 industry and legislative requirements 1 Financial report only required if directed by shareholders representing at least 5% of votes or by ASIC. A direction may specify whether all or some accounting standards are to be complied with 2Applies where criteria for alternative reporting arrangements are not satisfied 3If no requirement to prepare balance sheet etc in the company's country of origin, the company must prepare and lodge audited balance sheet/cash flow statement/profit and loss as if it was a public company (i.e. complying with AASB Accounting Standards and giving true and fair view) 4 Different requirements may apply if the entity is not established in Australia