ASSESSMENT INFORMATION for students
\nThroughout your training we are committed to your learning by providing a training and assessment framework that ensures the knowledge gained through training is translated into practical on the job improvements.
\nYou are going to be assessed for:
\nYour skills and knowledge using written and observation activities that apply to the workplace.
\nYour ability to apply your learning.
\nYour ability to recognise common principles and actively use these on the job.
\nAll of your assessment and training is provided as a positive learning tool. Your assessor will guide your learning and provide feedback on your responses to the assessment materials until you have been deemed competent in this unit.
\nHOW YOU WILL BE ASSESSED
\nThe process we follow is known as competency-based assessment. This means that evidence of your current skills and knowledge will be measured against national standards of best practice, not against the learning you have undertaken either recently or in the past. Some of the assessment will be concerned with how you apply your skills and knowledge in the workplace, and some in the training room as required by each unit.
\nThe assessment tasks have been designed to enable you to demonstrate the required skills and knowledge and produce the critical evidence to successfully demonstrate competency at the required standard.
\nYour assessor will ensure that you are ready for assessment and will explain the assessment process. Your assessment tasks will outline the evidence to be collected and how it will be collected, for example; a written activity, case study, or demonstration and observation.
\nThe assessor will also have determined if you have any special needs to be considered during assessment. Changes can be made to the way assessment is undertaken to account for special needs and this is called making Reasonable Adjustment.
\nWhat if I believe I am already competent before training?
\nIf you believe you already have the knowledge and skills to be able to demonstrate competence in this unit, speak with your trainer, as you may be able to apply for Recognition of Prior Learning (RPL).
\nAssessor Responsibilities
\nAssessors need to be aware of their responsibilities and carry them out appropriately. To do this they need to:
\nEnsure that participants are assessed fairly based on the outcome of the language, literacy and numeracy review completed at enrolment.
\nEnsure that all documentation is signed by the student, trainer, workplace supervisor and assessor when units and certificates are complete, to ensure that there is no follow-up required from an administration perspective.
\nEnsure that their own qualifications are current.
\nWhen required, request the manager or supervisor to determine that the student is \u2018satisfactorily\u2019 demonstrating the requirements for each unit. \u2018Satisfactorily\u2019 means consistently meeting the standard expected from an experienced operator.
\nWhen required, ensure supervisors and students sign off on third party assessment forms or third party report.
\nFollow the recommendations from moderation and validation meetings.
\nHow should I format my assessments?
\nYour assessments should be typed in a 11 or 12 size font for ease of reading. You must include a footer on each page with the student name, unit code and date. Your assessment needs to be submitted as a hardcopy or electronic copy as requested by your trainer.
\nHow long should my answers be?
\nThe length of your answers will be guided by the description in each assessment, for example:
\nType of Answer Answer Guidelines
\nShort Answer 4 typed lines = 50 words, or
\n5 lines of handwritten text
\nLong Answer 8 typed lines = 100 words, or
\n10 lines of handwritten text = 1\/3of a foolscap page
\nBrief Report 500 words = 1 page typed report, or
\n50 lines of handwritten text = 11\/2foolscap handwritten pages
\nMid Report 1,000 words = 2 page typed report
\n100 lines of handwritten text = 3 foolscap handwritten pages
\nLong Report 2,000 words = 4 page typed report
\n200 lines of handwritten text = 6 foolscap handwritten pages
\nHow should I reference the sources of information I use in my assessments?
\nInclude a reference list at the end of your work on a separate page. You should reference the sources you have used in your assessments in the Harvard Style. For example:
\nWebsite Name \u2013 Page or Document Name, Retrieved, insert the date. Webpage link.
\nFor a book: Author surname, author initial Year of publication, Title of book, Publisher, City, State<\/p>\n
assessment guide
\nThe following table shows you how to achieve a satisfactory result against the criteria for each type of assessment task. The following is a list of general assessment methods that can be used in assessing a unit of competency. Check your assessment tasks to identify the ones used in this unit of competency.
\nAssessment Method Satisfactory Result Non-Satisfactory Result
\nYou will receive an overall result of Competent or Not Yet Competent for the unit. The assessment process is made up of a number of assessment methods. You are required to achieve a satisfactory result in each of these to be deemed competent overall. Your assessment may include the following assessment types.
\nQuestions All questions answered correctly Incorrect answers for one or more questions
\nAnswers address the question in full; referring to appropriate sources from your workbook and\/or workplace Answers do not address the question in full. Does not refer to appropriate or correct sources.
\nThird Party Report Supervisor or manager observes work performance and confirms that you consistently meet the standards expected from an experienced operator Could not demonstrate consistency. Could not demonstrate the ability to achieve the required standard
\nWritten Activity The assessor will mark the activity against the detailed guidelines\/instructions Does not follow guidelines\/instructions
\nAttachments if requested are attached Requested supplementary items are not attached
\nAll requirements of the written activity are addressed\/covered. Response does not address the requirements in full; is missing a response for one or more areas.
\nResponses must refer to appropriate sources from your workbook and\/or workplace One or more of the requirements are answered incorrectly.
\nDoes not refer to or utilise appropriate or correct sources of information
\nObservation\/
\nDemonstration All elements, criteria, knowledge and performance evidence and critical aspects of evidence, are demonstrated at the appropriate AQF level Could not demonstrate elements, criteria, knowledge and performance evidence and\/or critical aspects of evidence, at the appropriate AQF level
\nCase Study All comprehension questions answered correctly; demonstrating an application of knowledge of the topic (sample nursing essay examples by the best nursing assignment writing service) case study. Lack of demonstrated comprehension of the underpinning knowledge (remove) required to complete the case study questions correctly. One or more questions are answered incorrectly.
\nAnswers address the question in full; referring to appropriate sources from your workbook and\/or workplace Answers do not address the question in full; do not refer to appropriate sources.
\nPractical Activity All tasks in the practical activity must be competed and evidence of completion must be provided to your trainer\/assessor.
\nAll tasks have been completed accurately and evidence provided for each stated task. Tasks have not been completed effectively and evidence of completion has not been provided.
\nAttachments if requested are attached Requested supplementary items are not attached<\/p>\n
Assessment cover sheet
\nAssessment Cover Sheet
\nUnit Code and Name: FNSACC311 Process financial transactions and extract interim reports
\nStudent name: Student Number:
\nAssessor Name: Date:
\nThe following questions are to be completed by the assessor:
\nIs the Student ready for assessment? Yes No
\nHas the assessment process been explained? Yes No
\nDoes the Student understand which evidence is to be collected and how? Yes No
\nHave the Student\u2019s rights and the appeal system been fully explained? Yes No
\nHave you discussed any special needs to be considered during assessment? Yes No
\nThe following documents must be completed and attached:
\n? Report and Report Checklist
\nThe student will complete the written activity provided to them by the assessor. The Report Checklist will be completed by the assessor. S NYS
\n? Project and Project Checklist
\nThe student will complete the activities provided to them by the assessor. The Project Checklist will be completed by the Assessor. S NYS
\n? Short Answer Questions and Short Answer Questions Checklist
\nThe student will answer a range of questions with written responses. The Short Answer Checklist will be completed by the assessor. S NYS
\nStudent Declaration
\nI agree to undertake assessment in the knowledge that information gathered will only be used for professional development purposes and can only be accessed by the RTO
\nI declare that:
\n? The material I have submitted is my own work;
\n? I have kept a copy of all relevant notes and reference material that I used in the production of my work;
\n? I have given references for all sources of information that are not my own, including the words, ideas and images of others.
\nStudent Signature: Date:
\nResult and Feedback
\nFeedback to Student:
\nOverall Outcome ?Competent ?Not yet Competent
\nAssessor Signature: Date:<\/p>\n
Report
\nInstructions
\nYou will need to research information to Help with your responses for this task.
\nWhat you will need to complete this task
\nResearch materials such as books, internet, magazines, workplace documentation etc.
\nAccess to legislative and regulatory documentation relevant to own state or territory.
\nYou should use a variety of sources to gather information including training resources, workplace policies and procedures (if you are able to access these) and government and industry bodies.
\nYou are required to provide information about the following points and complete both tasks. You must include in your written response each point, which can be supported by example documentation as required. Ensure material is referenced appropriately.
\nWord limit
\nTo complete this activity, you are required to submit a written response of a:
\nLong Report Approximately 1,000 words = 1 page typed report
\nYour task is to research the following topic (sample nursing essay examples by the best nursing assignment writing service)s then outline your findings in a report. Use the questions below as a guide to your research.
\nDefine double entry accounting.
\nDefine accrual accounting.
\nDescribe at least three industry-accepted accounting conventions, processes and procedures.
\nExplain \u2018proof of lodgment\u2019 for at least two different deposit methods.
\nWhat security and safety precautions would you take when banking? List at least three.
\nWhat features of legislative and regulatory requirements relate to processing financial transactions? List at least three.
\nDescribe the features of organisational policies and procedures that relate to processing financial transactions. Include each of the following in your description:
\nOrganisational policy and procedures for preparing and processing invoices
\nOrganisational input standards and journal authorisation procedures
\nSecurity procedures for handling electronic payments, cheques and cash
\nSafety procedures for specific banking methods
\nDescribe the features of the following financial reports:
\nTrial balances
\nBank account reconciliation reports
\nInterim reports<\/p>\n
report Checklist
\nReport Checklist
\nUnit Code and Name: FNSACC311 Process financial transactions and extract interim reports
\nFor this assessment, the student must complete the project ( help with nursing paper writing from experts with MSN & DNP degrees) activities.
\nThe project ( help with nursing paper writing from experts with MSN & DNP degrees) activities are a stand-alone activity that will allow the student to display the required knowledge and skills that are essential when deciding overall competency.
\nStudent name:
\nAssessor name:
\nDid the Student provide evidence of their ability to: Has the student satisfactorily completed the written activity?
\nYes No
\nDefine double entry accounting. ? ?
\nDefine accrual accounting. ? ?
\nDescribe at least three industry-accepted accounting conventions, processes and procedures. ? ?
\nWhat is \u2018proof of lodgement\u2019 for at least two different deposit methods. ? ?
\nWhat security and safety precautions would you take when banking? List at least three. ? ?
\nWhat features of legislative and regulatory requirements relate to processing financial transactions? List at least three. ? ?
\nDescribe the features of organisational policies and procedures that relate to processing financial transactions. Include each of the following in your description: ? ?
\nOrganisational policy and procedures for preparing and processing invoices ? ?
\nOrganisational input standards and journal authorisation procedures ? ?
\nSecurity procedures for handling electronic payments, cheques and cash ? ?
\nSafety procedures for specific banking methods ? ?
\nDescribe the features of the following financial reports: ? ?
\nTrial balances ? ?
\nBank account reconciliation reports ? ?
\nInterim reports ? ?
\nFeedback to Student:
\nResult ? Satisfactory ? Not Yet Satisfactory
\nAssessor Signature: Date:<\/p>\n
Project
\nInstructions
\nFor this task you are to complete the following steps to process financial transactions and extract interim reports and create and submit for this assessment a detailed process flow chart for each task as given below. Your flow chart must be clearly labelled with each step in the process.
\nYou may use any type of layout, but each chart must not exceed one A4 page per chart.
\nWhat you will need to complete this task
\nResearch materials such as books, internet, magazines, workplace documentation etc.
\nAccess to legislative and regulatory documentation relevant to own state or territory.
\nYou should use a variety of sources to gather information including training resources, workplace policies and procedures (if you are able to access these) and government and industry bodies.
\nReview your Elements Reading and Review Activities for this unit to refresh your knowledge of each task and revisit any links in each element of this unit in your learning materials before attempting this project ( help with nursing paper writing from experts with MSN & DNP degrees).
\nTwo examples of a process flow chart are provided below.<\/p>\n
Tasks
\nCheck and verify supporting documentation:
\nIdentify, check and record the required information from relevant documents
\nExamine the supporting documentation to establish it is accurate and complete, and make sure that it has authorisation from the appropriate personnel. Provide details of the types of examined supporting documentation, including proof of authorisation.
\nIdentify the following steps to prepare and process the banking and petty cash documents:
\nAccurately enter and balance deposits and withdrawals, according to organisational procedures.
\nCheck the validity of cheques and card vouchers before processing. Document the checking process followed.
\nReconcile the banking documentation with the organisation\u2019s financial records. Provide evidence of this reconciliation.
\nCheck, process and record the petty cash claims and vouchers, balancing the petty cash book. Identify what the evidence of the balanced petty cash book will be.
\nPerforming the following steps to prepare and process invoices for payment to creditors and for debtors:
\nPrepare the invoices and check them against the source documents for accuracy, correcting any errors identified, and file them for auditing purposes. Provide copies the invoices prepared, checked and filed.
\nThe steps to prepare and post journals and batch monetary items as follows:
\nAccurately and completely prepare journals, batching items, and match them precisely to the initial receipt records. Provide details of the journal, batched items and matching them in your flowchart.
\nEnsure that the journals are authorised by an appropriate person and process them. Ensure you include the authorisation process and processing.
\nPosting the journals to the ledger including the following steps:<\/p>\n
Accurately post the journals to ledger, ensuring that the transactions are correctly allocated to the system and accounts. Provide evidence of this step.
\nEntering the data into the system:
\nAccurately enter the data into the system, correctly allocating the transactions to the system and accounts. Provide the steps for ensuring the data is accurate as part of the process.
\nUpdating related systems.
\nPrepare the deposit facility and lodge the flows through competing the following steps:
\nSelect a deposit facility which is appropriate to the banking method to be used. Provide the steps for ensuring the facility is appropriate.
\nTake security and safety precautions appropriate to the method of banking.
\nObtain proof of lodgement, and file so that it is easily accessible and traceable.
\nIdentify the steps to extract the trial balance and interim reports:
\nIdentify and accurately process any special transactions. Provide the steps for ensuring special transactions are accurately processed.
\nComplete the cash and credit journals and post them to the general ledger. Provide evidences of each step.
\nExtract the trial balance, check it, and prepare other required reports
\nReview the trial balance and interim reports and find and correct any errors. How are errors documented and corrected?
\nFinalise the reports and file them appropriately. Include where these would be filed.
\n2. Project
\n.
\nProject Report
\nUnit Code and Name: FNSACC311 Process financial transactions and extract interim reports
\nFor this assessment, the student must complete the project ( help with nursing paper writing from experts with MSN & DNP degrees) activities.
\nThe project ( help with nursing paper writing from experts with MSN & DNP degrees) activities are stand-alone activities that will allow the student to display the required knowledge and skills that are essential when deciding overall competency.
\nStudent name:
\nAssessor name:
\nDid the Student provide evidence of their ability to: Has the student satisfactorily completed the practical activity?
\nYes No
\nComplete the following steps to check and verify the supporting documentation:
\nIdentify, check and record the required information from relevant documents ? ?
\nExamine the supporting documentation to establish it is accurate and complete, and make sure that it has authorisation from the appropriate personnel. Provide the examined supporting documentation, including proof of authorisation. ? ?
\nComplete the following steps to prepare and process the banking and petty cash documents:
\nAccurately enter and balance deposits and withdrawals, according to organisational procedures. Provide evidence of this step. ? ?
\nCheck the validity of cheques and card vouchers before processing. Document the checking process followed. ? ?
\nReconcile the banking documentation with the organisation\u2019s financial records. Provide evidence of this reconciliation. ? ?
\nCheck, process and record the petty cash claims and vouchers, balancing the petty cash book. Provide evidence of the balanced petty cash book. ? ?
\nPerform the following steps to prepare and process invoices for payment to creditors and for debtors:
\nPrepare the invoices and check them against the source documents for accuracy, correcting any errors identified, and file them for auditing purposes. Provide copies the invoices prepared, checked and filed. ? ?
\nComplete the following steps to prepare and post journals and batch monetary items:
\nAccurately and completely prepare journals, batching items, and match them precisely to the initial receipt records. Provide evidence of the journal, batched items and matching them. ? ?
\nEnsure that the journals are authorised by an appropriate person and process them. Provide evidence of authorisation and processing. ? ?
\nPost the journals to the ledger by completing the following steps:
\nAccurately post the journals to ledger, ensuring that the transactions are correctly allocated to the system and accounts. Provide evidence of this step. ? ?
\nPerform the following steps to enter the data into the system:
\nAccurately enter the data into the system, correctly allocating the transactions to the system and accounts. Provide evidence of this step. ? ?
\nUpdate the related systems. Provide evidence of updating. ? ?
\nPrepare the deposit facility and lodge the flows through competing the following steps:
\nSelect a deposit facility which is appropriate to the banking method to be used. Record the facility, including why it is appropriate. ? ?
\nTake security and safety precautions appropriate to the method of banking. Document security methods taken. ? ?
\nObtain proof of lodgement, and file so that it is easily accessible and traceable ? ?
\nComplete the following steps to extract the trial balance and interim reports:
\nIdentify and accurately process any special transactions. Provide evidence of these special transactions. ? ?
\nComplete the cash and credit journals and post them to the general ledger. Provide evidence of this step. ? ?
\nExtract the trial balance, check it, and prepare other required reports ? ?
\nReview the trial balance and interim reports and find and correct any errors. Document all errors corrected. ? ?
\nFinalise the reports and file them appropriately. Where these would be filed. ? ?
\nFeedback to Student:
\nResult ? Satisfactory ? Not Yet Satisfactory
\nAssessor Signature: Date:<\/p>\n
short answer Questions
\nInstructions
\nAnswer the questions below by writing in the space provided. If you require more space, use a blank sheet of paper. Alternatively, you may like to use Microsoft Word and print out your answers to each question.
\nWhat you will need
\nResearch materials such as books, internet, magazines, workplace documentation etc.
\nAccess to legislative and regulatory documentation
\nYour Learner Guide for this unit of competence
\nWord limit
\nShort Answer Responses 4 typed lines = 50 words, or
\n5 lines of handwritten text
\nWhat information might a source document include?
\nWhen checking a receipt of goods what should you be looking at?
\nWhat tasks need to be done in order to prepare and process banking and petty cash documents?
\nTo prepare an invoice for a creditor you will need to include certain information. What is it?
\nWhat information do you need to check for accuracy on a debtor\u2019s invoice?
\nWhat invoices and related documents need to be filed for auditing purposes? List at least five.
\nHow can you determine the authorised person and processes for journals?
\nWhat needs to be done in order to post journals to the ledger?
\nWhat are the types of systems and accounts you will need to correctly allocate transactions to when entering data into the system?
\nWhy is it important to update the related systems after entering data?
\nWhat types of deposit facilities might you select for banking?
\nOutline three of the security and safety precautions to take when banking.
\nWhat steps will you need to complete to prepare a general ledger entry?
\nIn what timeframes should you prepare journal entries?
\nOnce you have received \u2018proof of lodgement\u2019 what should you do with it?
\nWhat types of interim reports might you need to prepare, and what should you check before submitting them to the appropriate person? List and describe three.
\nOnce a trial balance and interim reports have been checked, where should they be filed\/stored?<\/p>\n
short answer Questions Checklist
\nShort Answer Questions Checklist
\nUnit Code and Name: FNSACC311 Process financial transactions and extract interim reports
\nStudent name:
\nAssessor name:
\nSatisfactory response
\nYes No
\n1 What information might a source document include? ? ?
\n2 When checking a receipt of goods what should you be looking at? ? ?
\n3 What tasks need to be done in order to prepare and process banking and petty cash documents? ? ?
\n4 To prepare an invoice for a creditor you will need to include certain information. What is it? ? ?
\n5 What information do you need to check for accuracy on a debtor\u2019s invoice? ? ?
\n6 What invoices and related documents need to be filed for auditing purposes? List at least five ? ?
\n7 How can you determine the authorised person and processes for journals? ? ?
\n8 What needs to be done in order to post journals to the ledger? ? ?
\n9 What are the types of systems and accounts you will need to correctly allocate transactions to when entering data into the system? ? ?
\n10 Why is it important to update the related systems after entering data? ? ?
\n11 What types of deposit facilities might you select for banking? ? ?
\n12 Outline three of the security and safety precautions to take when banking ? ?
\n13 What steps will you need to complete to prepare a general ledger entry? ? ?
\n14 In what timeframes should you prepare journal entries? ? ?
\n15 Once you have received \u2018proof of lodgement\u2019 what should you do with it? ? ?
\n16 What types of interim reports might you need to prepare, and what should you check before submitting them to the appropriate person? List and describe three. ? ?
\n17 Once a trial balance and interim reports have been checked, where should they be filed\/stored? ? ?
\nFeedback to Student:
\nResult ? Satisfactory ? Not Yet Satisfactory
\nAssessor Signature:
\nDate:
\n===<\/p>\n","protected":false},"excerpt":{"rendered":"
ASSESSMENT INFORMATION for students Throughout your training we are committed to your learning by providing a training and assessment framework that ensures the knowledge gained\u2026<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8827,10099,10540,10536,10892,10538,10539,10537,10891],"tags":[10549,10616,10615,7687,10627,8857,10552,10295,10548,10622,8907],"class_list":["post-130335","post","type-post","status-publish","format-standard","hentry","category-australia-essays","category-buy-essay","category-cheap-essay-writers","category-get-assignments-done","category-page-paper","category-phd-essay-writers","category-research-paper-writing-service-for-any-topic","category-study-bay-essay","category-write-my-assignment-ireland","tag-ai-plagiarism-free-essay-writing-tool","tag-australian-best-tutors","tag-best-trans-tutors","tag-buy-essay-uk","tag-cheap-dissertation-writer","tag-help-with-writing-an-essay","tag-help-write-my-paper-ai-free","tag-homework-for-you","tag-online-essay-writers","tag-phd-essays","tag-write-my-essay-for-me"],"_links":{"self":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/130335","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/comments?post=130335"}],"version-history":[{"count":0,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/posts\/130335\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/media?parent=130335"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/categories?post=130335"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.studyproessays.com\/help\/wp-json\/wp\/v2\/tags?post=130335"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}