Financial Management Workbook 2 Tutorial Activities Solution - AACDS

This document presents a solved assignment from the Australasian Academy of Cosmetic Dermal Science (AACDS) for a financial management workbook (Workbook 2). The assignment covers various aspects of financial management relevant to a medispa practice, including resource costing (equipment, furnishings, and supplies), ongoing costs, and basic bookkeeping. The solution includes detailed breakdowns of equipment costs, schedules of assets, and completed activities related to petty cash, cheque management, bank reconciliation, and cash book entries. The student's work is assessed by the lecturer, with feedback provided on accuracy and completeness, highlighting areas for improvement, particularly regarding GST calculations and cash book entries. The assignment demonstrates the application of financial principles in a practical context, with the goal of achieving competency in financial management practices.