Assessment Task 1
Part A: Computerise Bean’s Coffee’s Accounts on MYOB & Prepare End of the Year Financial
Reports
Assessment Task 2
Part A: Resolve Payroll Enquiries
Description:
Assuming your role as a Payroll Clerk at Bean’s Coffee, complete the following tasks. For the purpose of this
task, your trainer/assessor will play the role of your manager and provide the required information,
instructions, and approvals/authorisations as per company’s policies.
Assessment Task 3
Description:
This is a closed book test and must be undertaken in presence of an assessor. All the questions must be
answered.
Duration: 1 Hour
Test Paper: FNSACC406A: Setup and Operate a Computerised Accounting System &
FNSBKG405 Establish and Maintain a Payroll System
Student ID
Student Name
Group
Date
Q1. Briefly describe five basic principles of accounting.
__________________________________________________________________________________________
_________________________________________________
Q2. An owner of a business wants to change the percentage of depreciation on his asset to reduce his
expenses in the next financial period. Explain why this is breaching an accounting principle?
_______________________________________________________________________________
FNS40615 Certificate IV in Accounting FNSACC406 Set up and operate a Computerised Accounting System & FNSBKG405 Establish and Maintain a Payroll System (CLUSTERED) ASSESSMENT TASKS Mode | Classroom Delivery FNS40615| FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Learner’s Guide | V 3.0 | Jan 2017 Macquarie Education Group Australia Pty Ltd t/a Macquarie Institute | RTO Code 91305 | CRICOS Code 02657J Approved by: QAC | Next Review: Dec 2017 Page 2 of 34 FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Supporting: FNS40615 Certificate IV in Accounting; May also support other qualifications based on respective packaging rules © Le-Sharma Pty Ltd, 2016 Copyright: Provided under license from Le-Sharma Pty Ltd. All rights reserved. This document and its contents are protected by Australian and International copyright laws. No part of this document may be reproduced or transmitted in any form or by any means, electronically or mechanically, including photography, scanning, recording or any information storage or retrieval system, without permission in writing from the copyright owner or from Le-Sharma Pty Ltd. Information and/or resources used from the Commonwealth, government agencies, training.gov.au, public domain information, or any other external sources do not constitute copyright and remain the property of the original authors/agencies. All the websites and external resources mentioned in this publication, including any information linked to or referred to public domain information, are copyrighted to their respective owners. Web links are used as examples for reference purpose only and may have changed since publication of this resource. Le-Sharma Pty Ltd or author does not claim endorse the views expressed by them. Le-Sharma Pty Ltd ACN: 613 011 475 FNS40615| FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Learner’s Guide | V 3.0 | Jan 2017 Macquarie Education Group Australia Pty Ltd t/a Macquarie Institute | RTO Code 91305 | CRICOS Code 02657J Approved by: QAC | Next Review: Dec 2017 Page 3 of 34 Unit of Competency : FNSACC406 Set up and operate a Computerised Accounting System - FNSBKG405 Establish and Maintain a Payroll System Total Delivery Hours : TBA Schedule : TBA Cluster/Term : TBA 1. Introduction This assessment pack contains all the assessment tasks that need to be completed for this unit of competency. ALL the given tasks must be completed and submitted as per the instructions provided. Supporting information and guidelines are provided separately in the “Assessment Guide”, available from your trainer/assessor and online portal. 2. Unit Overview This resource is developed for a clustered delivery and assessment of; ▪ FNSACC406 Set up and operate a Computerised Accounting System ▪ FNSBKG405 Establish and Maintain a Payroll System The assessments are designed such that they satisfy the competency requirements of both the units. The lesson plan combines the topics related to both the units. FNSBKG405 Establish and Maintain a Payroll System FNSACC406 Set up and operate a Computerised Accounting System This unit describes the skills and knowledge required to record and prepare payroll documentation, respond to enquiries and process accurate payroll data for manual and computerised systems. It applies to individuals who use a range of organisational and other specialist techniques. They may work directly for organisations or be small business owners, contractors or service providers. Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. This unit is designed to meet educational requirements of the Tax Practitioner Board (TPB). Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements. This unit describes the skills and knowledge required to modify and operate an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions within the system, maintaining the system, producing reports and ensuring system integrity. It applies to individuals who within their area of responsibility use specialised knowledge, information technology and coordination skills to establish and maintain an organisational system. No licensing, legislative or certification requirements apply to this unit at the time of publication. Detailed unit description, including performance criteria and competency evidence can be accessed online at; http://training.gov.au/Training/Details/FNSACC406 View Unit http://training.gov.au/Training/Details/FNSACC406 http://training.gov.au/Training/Details/FNSACC406 FNS40615| FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Learner’s Guide | V 3.0 | Jan 2017 Macquarie Education Group Australia Pty Ltd t/a Macquarie Institute | RTO Code 91305 | CRICOS Code 02657J Approved by: QAC | Next Review: Dec 2017 Page 4 of 34 http://training.gov.au/Training/Details/FNSBKG405 View Unit Learning Outcomes FNSBKG405 Establish and Maintain a Payroll System FNSACC406 Set up and operate a Computerised Accounting System Learning Outcomes On successful completion of this unit, the student/trainee will be able to; ▪ Establish payroll requirements ▪ Record payroll data ▪ Prepare and process payroll ▪ Handle payroll enquiries ▪ Maintain payroll Learning Outcomes On successful completion of this unit, the student/trainee will be able to; ▪ Implement integrated accounting system ▪ Process transactions within system ▪ Maintain system ▪ Produce reports ▪ Ensure system integrity As well as demonstrating the performance criteria, to be assessed as competent, the student must demonstrate their ability to apply the required knowledge and skills in a range of situations. These are summarised in the unit description as provided in the link above. The students must familiarise themselves with all the competency requirements for this unit of competency and ensure that they have received all the relevant information and support, including assessment task and submission schedules, and any specific assessment requirements and conditions, from the trainer/assessor prior to undertaking these assessments. Unit Prerequisites There are no prerequisites for undertaking this unit of competency. 3. Prescribed Text and Resources Sutherland E., 2013, Computer Accounting: A Systematic Approach Using MYOB® Business Management Software Version 19.8, Pearson http://www.pearson.com.au/9781486003952 Sutherland E., 2013, Computer Accounting: A Systematic Approach Using MYOB® Business Management Software Version 19.8, Pearson http://www.pearson.com.au/9781486003952 Suggested Learner Resources & Readings http://training.gov.au/Training/Details/FNSBKG405 http://training.gov.au/Training/Details/FNSBKG405 http://training.gov.au/Training/Details/FNSBKG405 http://www.pearson.com.au/9781486003952 http://www.pearson.com.au/9781486003952 FNS40615| FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Learner’s Guide | V 3.0 | Jan 2017 Macquarie Education Group Australia Pty Ltd t/a Macquarie Institute | RTO Code 91305 | CRICOS Code 02657J Approved by: QAC | Next Review: Dec 2017 Page 5 of 34 Sutherland E., 2013, Bookkeeping: An Integrated Approach MYOB® AccountRight Enterprise v19.8 User’s Guide, Pearson http://www.pearson.com.au/9781486003945 MYOB Training Package – How to Set up & Operate Computerised Accounting System Version 17 (Including student disk) - by David Fraser & Sam Gregory http://myob.com.au/business/customer-service-support/support/user-guides-1258090984931 Flaherty G., 2012, Payroll Administration Manual, Thomson Reuters Marley S., Pedersen J., 2009, Accounting for Business: An Introduction (2nd Ed.), Pearson Bowers H., Vinton R., 2010, Office Tax Procedures 8th Edition, Pearson Education 4. Assessment Tasks The following summative assessments are planned for this unit; # Assessment Task/Activity Type Assessment Method 1 Part A: Computerise Bean’s Coffee’s Accounts on MYOB & Prepare End of the Year Financial Reports (Progressive tasks leading to final reports) Individual Practical, Observation Part B: Research and Present: Salary Packaging Individual Written, Observation 2 Part A: Resolve Payroll Enquiries Individual Practical Part B: Prepare and Process Payroll Individual Written, Practical 3 Knowledge Test Individual Test These assessment tasks/activities have been described in detail in the following section. Task schedule to be advised by trainer/assessor based on the lesson and session plans. http://www.pearson.com.au/9781486003945 http://myob.com.au/business/customer-service-support/support/user-guides-1258090984931 FNS40615| FNSACC406 Set up and operate a Computerised Accounting System FNSBKG405 Establish and Maintain a Payroll System Learner’s Guide | V 3.0 | Jan 2017 Macquarie Education Group Australia Pty Ltd t/a Macquarie Institute | RTO Code 91305 | CRICOS Code 02657J Approved by: QAC | Next Review: Dec 2017 Page 6 of 34 Assessment Task 1 Part A: Computerise Bean’s Coffee’s Accounts on MYOB & Prepare End of the Year Financial Reports Description: This assessment task is given as a progressive assessment with different milestones achieved at different stages of learning throughout the term – with parts completed over the duration of the term. As the learners will practice the MYOB software using MYOB guide, the assessment tasks will be completed in tandem with practical lessons at chapter level; with the trainer/assessor allocating each milestone task at appropriate stage. It is strongly advised that learners who are not familiar with MYOB attend all the learning sessions as they assessment tasks will be completed in conjunction with class room lessons each week. Note: The MYOB guide also contains assessment tasks. However, those tasks could be used as