BSBFIA402 Report on Financial Activity


Added on  2019-09-30

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BSBFIA402 Report on Financial ActivityASSESSMENT 1 COVER SHEETDetails of AssessmentTerm and YearTerm 4 2016Assessment TypePrepare BAS statement and financial business recommendationsDue Date6 oct, 2016 Class RoomLecture Hall 1Student Name:Harminder singhStudent ID No:SMC20160623Date:6 OCT, 2016Qualification :BSB40215 Certificate IV in BusinessUnit Code:BSBFIA402Unit Title:Report on financial activityAssessor’s NameAssessment Outcome SatisfactoryNot SatisfactoryStudent Feedback

BSBFIA402 Report on Financial ActivityStudent Declaration: I declare that this work has been completed by me honestly and with integrity. I understand that the Sydney Metro College’s Student Assessment, Reassessment and Repeating Units of Competency Guidelines apply to these assessment tasks.Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.Name: HARMINDER SINGHName: Signature:HARMINDER SINGHSignature: Date: Date: 6 OCT, 2016Student was absent from the feedback session.Assessment/evidence gathering conditionsEach assessment component is recorded as either Satisfactory (S) or Not Satisfactory (NS). A student can only achieve competence when all assessment components listed under procedures and specifications of the assessment section are Satisfactory. Your trainer will give you feedback after the completion of each assessment. A student who is assessed as NYS (Not Yet Satisfactory) is eligible for re-assessment. Resources required for this AssessmentAll documents must be created using Microsoft Office suites i.e., MS Word, Excel, PowerPointUpon completion, submit the assessment printed copy to your trainer along with assessment coversheet.Refer the notes on SMC eLearning (Moodle) to answer the tasksAny additional material will be provided by TrainerInstructions for Students

BSBFIA402 Report on Financial ActivityPlease read the following instructions carefullyThis assessment is to be completed according to the instructions given by your assessor.Students are allowed to take this assessment home.Feedback on each task will be provided to enable you to determine how your work could be improved. You will be provided with feedback on your work within 2 weeks of the assessment due date.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-assessment and re-enrolment policy for more information.Procedures and Specifications of the AssessmentCandidates will demonstrate the ability to record revenue and expenses and complete a BAS statement, taking advantage of GSTcredits in accordance with statutory requirements.Candidates must attempt all the tasks given hereunder on a report format. They must complete the cash payment and receipt bookfollowed by a BAS preparation and visit the Australian Taxation Office (ATO) website (https://www.ato.gov.au/) to respond the GSTreporting. They must also calculate the financial analysis ratio and make necessary recommendations.Your assessor will be looking for the following criteria:Compile financial information and data, calculate liabilities for tax in accordance with current legislation and revenue gathering practicesPrepare statutory requirement reportsProvide financial business recommendations

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