Description

 your Assessment 1: Part B to your facilitator for review and feedback below.

Submission: Submit your Assessment: Part B assignment to this dropbox by using the green button below.

Aim: The aim of this assessment is to record accounting processes for a GST registered business using accounting software.

Learning outcomes:

·         LO 1. Process a wide range of transactions to Trial Balance

·         LO 2. Record accounting processes for a GST registered business using accounting software

Description

There are two parts to this assessment, each with different due dates. Part A will need to be submitted by the end of week 5 and Part B by the end of week 7. The due dates will be stated in your course Learning path and in the Assessments section of the course.

You will need to use the provided business scenarios to fulfil the requirements of Parts A and B of this assessment. The following documents are required to complete this assessment:

·         Part A: Part A Scenario, Part A Template, Assignment 1 Part A Source Doc #1, #2 and #3

·         PartB: Part B Scenario, Assessment 1 Part A Chart of Accounts' (document attached), Xero CSV Chart of Accounts

For both Part A and B scenarios, you will assume the role of an accounts administrator who has been asked to examine financial transactions and to record and process information both manually and electronically using Xero software. Instructions for accessing Xero are provided provided below. Do not create your own trial access account or organisation.

For Part A of the assessment you will be required to provide evidence that demonstrates your ability to record and process a wide range of financial transactions manually, that will assist in assessing the financial performance of a business entity.

For Part B of the assessment you will be required to provide evidence that demonstrates your ability to record and process a wide range of financial transactions electronically for a GST registered business, that will assist in assessing the financial performance of a business entity. Use the Part B Scenario document to complete this work.

Details

·         Assessment 1 Part A and Part B instructions[PDF, 363 KB]

Guidelines

·         Each part of the Portfolio must be formatted appropriately and be presented in a professional and business-like manner.

·         Supporting documentation for Part B:

o    Part B Scenario

o    Xero CSV Chart of Accounts

·         For additional guidance please refer to the Assessment 1 Part A and B Portfolio Marking Rubric

Further details and resources:

·         Assessment 1: Part A and B Marking rubric  [PDF, 158 KB]

Xero resources

·         Part B Scenario[PDF, 210 KB]

·         Xero CSV Chart Of Accounts[CSV, 8KB]

·         BStatementImport Play Natural[CSV, 2 KB]

Xero access

eCampus has made special arrangements with Xero for you to be able to login to the system and complete learning and assessment tasks for this course. 

Click the link below to access Xero for this activity. After the automated setup, you should see a new blank organisation that you can use to complete this assessment.

·         Xero access link: Assessment 1 Part B

Help

Support resources

·         Consider using the Smarthinking service for additional support