FNSACC311/312 Project: Financial Transactions and Interim Reports

This project assessment evaluates a student's understanding of financial transactions and interim reporting within the context of an accounting course at TAFE NSW. The assessment comprises two parts: research-based questions and a workplace simulation. The research questions delve into core accounting principles, including double-entry accounting, accounting conventions, and the features of income statements, balance sheets, and trial balances. The student is required to analyze scenarios, identify accounting principles, and explain their application. The workplace simulation assesses the student's ability to process financial transactions and administer subsidiary accounts and ledgers, using provided source documents and policy and procedure manuals. The assessment covers topics such as journal entries, bank reconciliations, and error identification. The student is expected to demonstrate a strong grasp of accounting concepts and their practical application in a business setting. The assessment also includes the completion of an assessment declaration form.