FNSACC504 Prepare financial reports for corporate entities: Assessment Task 2
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Carefully read the following:
You are an accountant for an accountancy company that has the following organisational procedures for preparing financial statements:
One of your clients is Hanks Tanks.
Complete the following activities:
Completing this assessment will demonstrate your ability to prepare the required financial statements according to your company’s organisational procedures, as well as AASB Standards.
It will also demonstrate your ability to use your problem-solving skills by reviewing the additional information and making adjustments as required to ensure there is no negative impact for reporting.
Enter the information in Hanks Tanks Information into the Hanks Tanks Workbook Template, preparing the following:
The text of the email should be in grammatically correct English, written in an appropriate (polite, business-like) style.
It should introduce and summarise the contents of the attachment and ask the Manager for a meeting at their convenience.
Attach your Hanks Tanks Worksheet in to the moodle submit
Your assessor will reply to the email with the time and date of a meeting to discuss your statements.
You are required to meet with your Manager and through each of the financial statements with them to check your coding, classifications, and calculations.
You will also be asked to explain the adjustments you made and the rationale for these.
During the meeting, you are required to demonstrate effective interpersonal and communication skills including:
Update your statements to reflect any changes discussed with your Manager.
Save this file as Hanks Tanks Workbook Revised.
Once you revise Hanks Tanks workbook, please change file name: yourname_unitcode_document namev2
It should mention the meeting that you had and summarise any changes that you have made to your Hanks Tanks Workbook.
Attach your Hanks Tanks Revised Worksheet in to moodle
You can send it in the email. Ensure that this email is sent within the time limit given in your accounting company’s organisational procedures.