Financial Report Preparation for Red Ute Sale

This assignment requires you to prepare financial reports for the sale of a red ute by Nhill Cool Cars. The sale price is $25,000 (inclusive of GST). You need to consider the financial year running from July 1st to June 30th and adhere to Australian accounting norms. The report should include income and expenses related to the sale transaction.

CRS157
Rev 104
July 2016
Page 1 of 18
Assessment Submission Cover Sheet(VET)
Student to complete relevant sections and attach this cover sheet to each assessment task for submission.
Student Information To be completed by Student
Student Name . Student ID .
Program/Course Information To be completed by Student
Department BDIT, Business Studies
Group/CRN/Block . Teacher Name Uthaya Kumaran, Carolyn Hayes,
Leanne Pagano, Ken Pattison
Qualification
Code FNS40615
FNS40215
FNS30315
Qualification Title Certificate 1V in Accounting, Certificate
1V in Bookkeeping, Certificate 111 in
Accounts Admin
Subject/Unit Code
(if cluster, list all the
clustered subjects/units)
BSBFIA401 Subject/Unit Title
(if cluster, list all the
clustered subjects/units)
Prepare Financial Reports
Assessment Information To be completed by Student
Assessment title Assessment Task 2Report and
Presentation
Assessment task 2 out of 4 Ffor
this subject/unit.
Due Date Session 8 during
class time
Date Submitted . Re-Submission ☐
Student Declaration
By submitting this assessment task and signing the below, I acknowledge and agree that:
1. This completed assessment task is my own work.
2. I understand the serious nature of plagiarism and I am aware of the penalties that exist for breaching this.
3. I have kept a copy of this assessment task.
4. The assessor may provide a copy of this assessment task to another member of the Institute for validation and/or
benchmarking purposes.
Student signature
For electronic submissions: By typing your name in the
student signature field, you are accepting the above
declaration.
Click here to enter text.
Assessor Feedback To be completed by Teacher/Assessor
Assessor to provide feedback to the student and document on this coversheet.
Click here to enter text.
Assessment Task Result ☐Satisfactory ☐Not Satisfactory☐ Other (e.g.points) Click here to
enter text.
Assessor Name Click here to enter
text.
Assessor Signature Date Click here to
enter a date.
Note: Final result of the subject/unit will be entered on Banner by the teacher/assessor once all assessment tasks have been assessed.
PUBLIC Holmesglen: MT BAF 3-Feb-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\A3\2017 S1 BSBFIA401 report- task 3 C
Day MT.docx

CRS157
Rev 104
July 2016
Page 2 of 18
PUBLIC Holmesglen: MT BAF 3-Feb-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\A3\2017 S1 BSBFIA401 report- task 3 C
Day MT.docx

CRS159
Revision 101
August 2016
Page 3 of 18
Assessment Instruction for Student
Section A – Program/Course details
Qualification Code FNS40615, FNS40215,
FNS30315 QualificationTitle
Certificate 1V in Accounting,
Certificate 1V in
Bookkeeping, Certificate
111 in Accounts Admin
Subject/Unit Code BSBFIM401 Subject/Unit Title Prepare Financial Reports
Section B – Assessment task details
Assessment
number Task 2 Semester/Year: Semester 2, 2017
Assessment title: Assignment and Presentation
Assessment method ☐A –Direct observation/
simulation activities
☒ B – Written/Verbal Questioning
☐ C – Third party evidence
☐ D – Portfolio/Product
☐E – Project/Report
☒ F – Presentation
☐ G – Role plays
☐ H – Practical demonstration
☐ I – Other
Assessment Task
Results
This assessment task will be marked as:
☒ Ungraded result: Satisfactory or Not Satisfactory
☐ Other (e.g. points): _______
Assessment
Task
Students must satisfactorily complete assignment to demonstrate skills and
knowledge as outlined in the Competency and below in the assessment
criteria.
Section C – Assessment Requirements
Conditions:
 The assignment is to be completed in the students own time.
 Use of computer resources - Office 2013, PC, Printer, Memory stick/USB/flash drive, internet access
 Individual assessment (not group work)
 Open Book, teacher feedback and assistance available
 The student is to provide a hard copy (printed) to the teacher with the submission cover sheet completed and
signed at the front of the document.
Instructions to Learner: The assignment must be word processed and presented in a businesslikeand professional
manner, in line with industry standards. Summary of internet or other information sources is
expected, not just copy & paste.
 Deadline/time limit –The due date for the assignment is in class time in session 8. The student is to provide a hard copy (printed) to the teacher with the submission cover sheet completed and
signed at the front of the document. The student is to present one element of the report to another member of the group (in pairs)and be able to
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 4 of 18
show an understanding of what they have written.
Section D – Assessment Criteria
Observation
of
competency
skill or
knowledge
(tick)
Assignment Questions and assessment criteria Satisfactory Unsatisfactory
KE, F-R,W
GWD
Question 1 – Student has shown evidence of research and been
able to summarize in own language
KE, F-
R,W,GWD
Question 2 – Student has been able to process the information and
draw conclusions.
KE, F-
R,W,GWD
Presentation: Oral presentation –
Students participated appropriately in roleplay/presentation as both
client and presenter.Student asks questions and responds
appropriately.
Students must be able to use appropriate and relevant language.
P, F-R,W Question 3 (1) Student needs to be able to calculate the capitalized
value of the asset
P, F-R,W
Question 3(1) Student needs to be able to recognize the period for
calculation of depreciation and calculate the appropriate
depreciation
P,K,F-R,W
Question 3(2) Students needs to be able record transactions in
general journal for depreciation calculations and disposal of an
asset.
P,F-R,W Question 3(3) Student needs to be able to correctly fill in details of
the asset on the asset register card.
Overall S or NS
ASSESSMENT TASK 2
Question (1)
Research each of the following areas of law (or pieces of legislation) and provide a
brief overview of the purpose of the particular law. Your response should be
approximately 150 – 200 words for each
 Occupational Health & Safety Act 2004 (Vic) / WHS Codes of practice
 The Australian Consumer Law (ACL)
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 5 of 18
Occupational Health & Safety Act 2004 (Vic) / WHS Codes of practice:
The main objective of this Act is to form a legal framework to revoke the Occupational Health and Safety
Act 1985 and also to provide matters for involving a process of change and amendments by considering
changing norms of society(Botha and Cronjé, 2015). Act aims to ensure safety, well-being, health and
welfare of all employees at work. It also ensures that the health and safety of the public are not disturbed by
the conduct of employers. Formulation and implementation of policies and principles of health and safety
Act (section 4) are supported by team work by the involvement of employers and employees (Reese, 2015)..
The intent of parliament is that administration of the Act should be according to the principles of health and
safety protection set out in section 4. This Act came into functioning on 1 july2005.
The Australian Consumer Law (ACL)
Australian consumer law is made to protect the right and interest of every consumer in Australia. This law
deals with fair trading practice and protects the interest of the consumer. This law replaces many former
consumer laws, and it is applied across Australia (Zohar, 2014). Australian consumer law is scheduled to
Competition and Consumer Act 2010, and it is jointly regulated by Australian competition and consumer
commission (ACCC) and state and territory consumer protection agencies. In some relevant matters,
Australian Securities and investment commissions (ASIC) are also involved (Collier, 2015).
In 2005 government of Australia feel to bring reforms in consumer law then in 2006, a task force is made
which in 2008 present the draft of development and implementation national consumer law. This law
protects consumer from misleading, unfair conduct of businesses. Goods and services which consumer
purchased are mandatorily covered by consumer guarantees (Kloss, 2013). This means businesses must fulfil
all the necessary rule and regulation of ACL. .
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 6 of 18
Question (2)
Chose one each from the given list of accounting principlesor qualitative
characteristics and illustrate them with an example. Your response should be
approximately 150 – 250 words for each. You will be required to present/ explain
your example to another student in class. You will then swap roles and also you can
pose questions to the presenter in order to clarify their understanding of the chosen
principle or characteristic.
Accounting principles Qualitative characteristics
Matching principle Relevance
Historic Cost Principle Disclosure
Comparability Materiality
Consistency Principle Reliability
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 7 of 18
Accounting principles: Matching Principle
The matching principle is practice for recording accounting transactions in which firms recognize
revenues and their expenses related to accounting transactions in the same accounting period. In accordance
with this principle business is required to show an expense on their profit and loss account in the accounting
period in which related revenue is recognised. This principle provides business a systematic allocation of
incurred expenses in the accounting periods to avoid misstating of earnings.
Cited principle is combination of accrual accounting and revenue recognition principle which states that
transactions must be recorded as they occurred irrespective of their associated cash transaction and earning
should be recognised while accounting transaction no at the time of receiving of cash ((Dimitropoulos and et
al. 2014)).
For example:
If a company had made advertisement expenses for promotion of sales by signing a contract with celebrity
then entire cost paid will not be recorded in same year as this promotion will provide long term benefit to
business. As a consequence, advertisement expenses will be deferred into multiple years as per matching
principle.
Qualitative characteristics: Materiality
Materiality concept states that only those financial information could be added to the financial statement
which would be capable of changing the decision of stakeholders of the enterprise. The materiality of
financial information varies from entity to entity. Other principals are ignored if the information is not
material and same is not included in financial statement (Landsbergis and et al. 2014). Materiality is
depending upon several factors like sum of total amount of immaterial financial information, size and nature
of the organization.
For example – Fire has occurred in a factory of the organization and stock is destroyed due to the same.
After a long fight with the insurance company, the organization says it is an abnormal loss of $5000. Net
income of the organization is $1000000, so in this case material concept says that it is not relevant
information because the amount of loss is not affecting much to the organization (Weygandt and et al. 2015).
On the other hand, if the same situation will arise in front of an organization whose net income is $50000
then it is material information for the entity and their stakeholders.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 8 of 18
2)
Question (3)
Rodney has been providing demolition and excavation service for the past seven
years. On the 1 October 2012, Rodney bought a new excavatorfor $88,000 including
GST from Farm Machinery P/L. Its registration number was JDH 123 and he decided to
keep the excavator in shed number 1.
Additional costs associated with this purchase included:
Cab air conditioning $990 (inc GST)
Delivery fee $1,100 (inc GST
Registration $600 (GST free)
Insurance $550 (inc GST)
He made a deposit of $10,000 and financed the remainder by negotiating a loan from
the Farmer’s Union. The balance of the loan was due on the1 March 2013.Because
the efficiency of excavator reduces over time it was decided to depreciate the
excavator using the reducing balance method at a rate of 15% per annum.
January 2013 proved to be a good season for excavation work with perfect weather
and large amount of road work in Melbourne. On the 1February 2013Rodney
received a cheque for $330,000 which included GST for the services he had provided.
Rodney had coveted a cool new red Holden Storm HBD ute for years and with his
higher than expected cheque decided that he could afford one. On the 1 April 2013
he purchased his ute registration number “Cool Wally” for cash from Nhill Cool Cars
for a sum of $38,500 including GST. To protect its shiny duco Wally decided to park
the ute under the carport rather than out in the paddock.
Additional Costs associated with this purchase included:
Air Conditioning $770 (inc GST)
Tow Bar $550 (inc GST)
Registration $500 (GST free)
Insurance $440 (inc GST)
The estimated residual value of the ute after 5 years was expected to be $6,200. It
was decided to depreciate the ute on a straight line basis.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 9 of 18
On 1January 2015 after Rodney’s new girlfriend had told him that she was too
embarrassed to be seen in a red ute, Rodney traded in his red ute for a yellow one.
Nhill Cool Cars offered him a trade in of $25,000 on his old ute. The new yellow ute’s
cost was $44,000 including GST and cash was paid for the balance.
Additional Information:
20 May 2013 An electrical fault on the ute was repaired under guarantee
(no cost)
15 July 2013 Ute was serviced By Nhill Motors at a cost of $198 including
GST
22 October 2013 Excavatorreceived its annual service from Farm Machinery P/L
at a cost of $440 including GST
29 October 2013 Dent in ute after Rodney came home late one night from the
pub and hit the gate post was repaired by Dents R Us at a cost
of $1,100 including GST
20 April 2014 Ute serviced by Nhill Cool cars at a cost of $220 including GST
15 October 2014 Excavator received its annual service from Farm Machinery P/L
at a cost of $770 including GST
Required
1. Please show workings as indicated.
2. Record all the transactions in the general journal
3. Complete the asset register cards for the Excavator
Workings
CAPITALISE THE EXCAVATOR
Item Paid Capital GST
$ $ $
Excavator 88000 80000 8000
Cab Air Conditioning 990 900 90
Delivery Fee 1100 1000 100
Registration 600 600 -
Insurance 550 500 50
Total 91240 83000 8240
Note: The percentage of GST has been taken 10%
CAPITALISE THE UTE
Item Paid Capital GST
$ $ $
UTE 38500 35000 3500
Air Conditioning 770 700 70
Tow Bar 550 500 50
Registration 500 500 -
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 10 of 18
Insurance 440 400 40
Total 40760 37100 3660
Depreciation of Excavator
The depreciation on excavator is applied by applying reducing method at the rate of 15% per
annum. The depreciation for the year will be calculated in following manner:
Total cost of asset 83000
Depreciation 83000*15%*9/12
9337.5
Depreciation for year 2014
(83000-9337.5) *15%
= $ 11050
Depreciation for year 2015
($73662.5-$11050) *15%
= $ 9391.87
Depreciation Ute
It has been provided that depreciation on UTE will be done on straight line basis.
Depreciation = (Total cost of asset –Salvage Value) / Estimated Useful Life
= (37100 – 6200) / 5
= 6180 per annum
As UTE has been purchased on 1st April2013, depreciation which can be claimed in this financial year is
6180/12*3
$ 1545.
The reason behind the same is that it has been in acquisition for three months only.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 11 of 18
Trade in of ute
Selling Price of UTE $25000
Book value of UTE $26285
Profit / (Loss) on sale $1285
Calculation of Book value of UTE
Purchase Price $37100
Depreciation for 2013 $1545
Depreciation for 2014 $6180
Deprecation for 2015 $3090
(Six months depreciation
can be claimed)
Book Value $ 26285
Wally’s Farm
General Journal
Date Particulars Debit Credit
1-10-12 Excavator Account Dr (80000+900+1000) $81900
GST on Excavator Dr (8000+90+100) $8190
Bank A/c Cr $90090
Purchase of excavator including cab air
conditioning fee & delivery fee
1-10-12 Excavator A/c Dr. $600
Bank A/c Cr. $600
Payment of registration
1-10- Excavator Account Dr $500
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 12 of 18
Wally’s Farm
General Journal
Date Particulars Debit Credit
2012
GST on Insurance Dr. $50
Bank A/c Cr. $550
Payment insurance on harvester
1-2-2013 Bank A/c Dr $330000
Revenue A/c Cr
$30000
0
GST charged on sales Cr. $30000
Receipt of Wheat cheque
1-3-2013 Loan from Farmer’s Union A/c Dr. ($91240- $10000) $81240
Bank A/c Cr. $81240
Paid Balance of harvester
1-3-2013 UTE A/c Dr. (35000+700+500) $36200
GST on purchase of UTE Dr. (3500+70+50) $3620
Bank A/c Cr. $39820
Purchase of ute ( air conditioning and tow bar
expenses have been capitalized)
1-3-13 UTE A/c Dr $600
Bank Cr. $600
Paid ute registration
UTE A/c Dr $500
GST on insurance Dr. $50
Bank Cr. $550
Paid ute insurance
31-07-13 Depreciation A/c Dr $9337.5
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 13 of 18
Wally’s Farm
General Journal
Date Particulars Debit Credit
Excavator A/c Cr.
$933
7.5
Depreciation for year - reducing balance method
31-07-13 Depreciation A/c Dr $1545
UTE A/c Cr. $1545
Depreciation for year - straight line method
15-07-13 Servicing Expenses A/c Dr. $180
GST A/c Dr. $18
Bank A/c Cr. $198
Service ute
22-10-13 Servicing Expenses A/c Dr. $400
GST A/c Dr. $40
Bank A/c Cr. $440
Service Harvester
29-10-13 Servicing Expenses A/c Dr. $910
GST A/c Dr. $9
Bank A/c Cr $1000
Ute repairs
20-04-14 Servicing Expenses A/c Dr. $200
GST A/c Dr. $20
Bank A/c Cr $220
Service ute
31-7-14 Depreciation A/c Dr $11050
Excavator A/c Cr. $11050
Depreciation for year - reducing balance method
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 14 of 18
Wally’s Farm
General Journal
Date Particulars Debit Credit
31-7-14 Depreciation A/c Dr $6180
UTE A/c Cr. $6180
Depreciation for year - straight line method
15-10-14 Servicing Expenses A/c Dr. $700
GST A/c Dr. $70
Bank A/c Cr $770
Service Excavator
1-01-15 Depreciation A/c Dr. $3090
UIT Cr. $3090
Depreciation to date of disposal - straight line method
1-01-15 Old UTE $26285
Disposal of UTE $26285
Transfer cost of old ute to disposal of ute
1-1-15 Accumulated Depreciation A/c Dr. $10815
Disposal of UTE $10815
Transfer accumulated depreciation old ute to Disposal of ute
1-1-15 Disposal of UTE Dr. $25000
Sale of UTE $25000
Trade in value old ute
1-1-15 Loss on Disposal A/c Dr. $1285
Profit & Loss A/c Cr. $1285
Loss on Disposal old ute
1-1-15 New UTI $19000
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS159
Revision 101
August 2016
Page 15 of 18
Wally’s Farm
General Journal
Date Particulars Debit Credit
Bank A/c Cr $19000
($44000-25000)
Pay balance on new ute
31-7-15 Depreciation A/c Dr $9391.87
Excavator A/c Cr.
$939
1.87
Depreciation for year - reducing balance method
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass
2 V1 OL and Ev SOLUTION.docx

CRS164
Revision 101
August 2016
Page 16 of 18 ASSET REGISTER CARD
Description:
excavator Registration Number JDH 123
Asset Group: Plant and machinery Date Purchase 1-oct-2012
Supplier: Farm
Machinery P/L Effective life -
Depreciation Method WDV Residual Value -
Depreciation Rate 15% Location -
Date Details Cost & Depreciation
Written
down
Value Comments
Additions
Annual Accum
1-oct-2012
New
excavator 83000 9337.5 9337.5 73662.5
Deprecation is charged on
the basis of WDV method for
9 months.
ASSET REGISTER CARD
Description: ute Registration Number JDH 123
Asset Group: Plant and machinery Date Purchase 1 April 2013
Supplier: Cool Wally Effective life 5
Depreciation Method straight
line basis Residual Value $6,200
Depreciation Rate 20% Location -
Date Details Cost & Depreciation
Written
down
Value Comments
Additions
Annual Accum
1 April 2013
Purchase
d 37100 1545 1545 35555
Deprecation is charged on
the basis of Straight line
basis method for 3 months.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass 2 V1 OL and Ev SOLUTION.docx

CRS164
Revision 101
August 2016
Page 17 of 18
Reverse Side
Repairs and Maintenance
Date Details Cost Remarks
20 May 2013 electrical fault on the ute 0
repaired under
guarantee
15 July 2013 Ute was serviced $198
By Nhill
Motors
22 October 2013 annual service of Excavator $440
from
Farm
Machiner
y P/L
29 October 2013 Dent in ute
$1,10
0
by Dents
R Us
20 April 2014 Ute serviced $220
by Nhill
Cool cars
15 October 2014
Excavator received its
annual service $770
from
Farm
Machiner
y P/L at a
cost
Details of Disposal
Date Name Amount Details
1-Jan-2015 red ute
Nhill
Cool
Cars
$25,0
00
(Inclusive
of GST)
For present solution financial year for business has 1st July to 30th June by considering Australian accounting norms.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\Instruction_Assessor BSBFIA401 Ass 2 V1 OL and Ev SOLUTION.docx

CRS164
Revision 101
August 2016
Page 18 of 18
REFERENCES
Books and Journal
Botha, D. and Cronjé, F., 2015. Occupational health and safety considerations for women
employed in core mining positions. SA Journal of Human Resource Management, 13(1),
Pp.1-12.
Collier, P.M., 2015. Accounting for managers: Interpreting accounting information for
decision making. John Wiley & Sons.
Dimitropoulos, P.E., Asteriou, D., Kousenidis, D. and Leventis, S., 2013. The impact of IFRS
on accounting quality: Evidence from Greece. Advances in Accounting, 29(1), Pp.108-123.
Kloss, D., 2013. Occupational health law. John Wiley & Sons.
Landsbergis, P.A., Grzywacz, J.G. and LaMontagne, A.D., 2014. Work organization, job
insecurity, and occupational health disparities. American journal of industrial
medicine, 57(5), Pp.495-515.
Reese, C.D., 2015. Occupational health and safety management: a practical approach. CRC
press.
Weygandt, J.J., Kimmel, P.D. and Kieso, D.E., 2015. Financial & Managerial Accounting.
John Wiley & Sons.
Zohar, D., 2014. Safety climate: Conceptualization, measurement, and improvement. The
Oxford handbook of organizational climate and culture, Pp.317-334.
INTERNAL Holmesglen: chbaf 13-Apr-2017 L:\Teaching\!AQTF Documents\Training Packages\2017 S1\FNS15\FNS40615 Certificate IV in Accounting\BSBFIA401 Prepare Financial Reports\Ass\
Instruction_Assessor BSBFIA401 Ass 2 V1 OL and Ev SOLUTION.docx