Delivery group 2 DAY class Castle Hill 2011

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Delivery group 2 DAY class Castle Hill 2011 Powered By Docstoc
					                             Accounting & Finance Section
                                WSI - Castle Hill
                                   DELIVERY GUIDE: SEMESTER 1 2011
 UNITS:              FNSACC301A                  (Process financial & extract interim reports
                     BSBFIA 401A                 (Prepare financial reports)
 TEACHER:             Sandra Cosgrove (Wks 2-4)               sandra.cosgrove@tafe.nsw.edu.au 9204 4627
 ASSESSMENT STRATEGIES: DAY CLASS
  Number                    Assessment Method                       Week commencing                        Grading
                               FNSACC301A
       1                          Quiz                                   21/2/2011                          C / NYC


       2                      Practical Exercise                         28/2/2011                           C/NYC


       3                       Workplace Task                            14/3/2011                          C / NYC


       4                   Workplace Simulation                          28/3/2011                          C / NYC


       5                   Workplace Simulation                          4/4/2011                           C / NYC

                                BSBFIA 401A
       1                     Report preparation                          9/5/2011                           C / NYC


       2                  Accounting worksheet                           23/5/2011                          C / NYC


       3                   Workplace Simulation                          6/6/2011                           C / NYC


       4                      Accounting Calcs                           20/6/2011                          C / NYC




WSI Accounting Section – Sandra Cosgrove                                        Process financial & extract interim reports
Version 1.1 current as at 7/08/2012 5:37:12 AM                                                   Prepare financial reports
.                                                          Page 1 of 5


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                                                  DELIVERY TIMETABLE
   Week             Clark Textbook                  Elements                                               Topics
Commencing
                                                   FNSACC301A
  Week2                 Chapter 1                  E, 1.1 and 1.2         Foundations of accounting:
                                                                                     Basic accounting term and types of business
14/2/2011                                                                             ownership
                                                                                     Accounting standards, accounting framework,
                                                                                      conventions & doctrines
                                                                                     Types of source documents & authorisation
                        Chapter 2                   E .1.1 & 1.2
                                                                          Accounting Equation:
                                                                                     Basic
                                                                                     Chart of accounts
                                                                                     Basic balance sheet
                                                                                     Extended Accounting Equation

                        Chapter 3                                         Journal Entries:
                                              E 3.1 &3.3 E 4.1 – 4.2                 Authorise & prepare general journal entries
                                                     5.1 – 6.2                       Post general journal entries to general ledger
                                                    E 8.2 – 8.3                      Prepare a trial balance

                         Chapter                                          Service industries:
 Week 2                   1,2 3
14/2/2011                                                                            Prepare general journal entries
                                                                                     Post general journal entries to general ledger
                                                                                     Prepare a trial balance

                   Service industries


 Week 3            Service industries                                     Service industries:

21/2/2011                                                                      Prepare general journal entries
                                                                               Post general journal entries to general ledger
                                                                          Prepare a trial balance

                                                                          Assessment 1
                                                                          Foundations of accounting
                                                                          Accounting equation
                                                                          Journal entries

 Week 4                                                                   Assessment Service Industries–2
28/2/2011          Service industries                                     Prepare general journal:
                                                                          Post general journal entries to general ledger and
                                                                          Prepare a trial balance


                        Chapter 4                   E 8.1 & 5.1           Specialised cash and credit journals
                                                                              Sales distribution

 WSI Accounting Section – Sandra Cosgrove                                                      Process financial & extract interim reports
 Version 1.1 current as at 7/08/2012 5:37:12 AM                                                                 Prepare financial reports
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                                                                                  Purchase distribution
                                                                                  Cash payments
                                                                                  Cash receipts
  Week 5
 07/3/2011               Chapter 4                                     Specialised cash and credit journals
                                                   E 5.1 & 6.2             Sales distribution
                                                                           Purchase distribution
                                                                           Cash payments
                                                                           Cash receipts
                         Chapter5                  E 8.1 & 5.1
                                                                       Account Receivable and Payable control

                         Chapter 4                                     Assessment 3          [2 X tasks]
  Week 6                                                               Specialised cash and credit journals
 14/3/2011


                         Chapter 6                                     Special Transactions:
                                                   E8.1 & 5.1
                                                                               
                                                                              Commence business
                                                                               
                                                                              Additional capital
                                                                               
                                                                              Drawings cash and goods
                                                                               
                                                                              Purchase and sale of non current asset at book value
                                                                               
                                                                              Bad debts write off and recovery
                                                                               
                                                                              Interest payable and receivable on overdue accounts
                                                                       Dishonour cheques (no discount)


  Week 7
                                                                       Special Transactions:
 21/3/2011               Chapter 6                 E 8.1 & 5.1
                                                                                  Commence business
                                                                                  Additional capital
                                                                                  Drawings cash and goods
                                                                                  Purchase and sale of non-current asset at book value
                                                                                  Bad debts write off and recovery
                                                                                  Interest payable and receivable on overdue accounts
                                                                                  Dishonour cheques (no discount)

                         Chapter 6                                     Assessment 4 – special transactions
Week 8
28/3/2011


                         Chapter 7                   E 2.4             Petty cash
                                                     E 8.4             Bank reconciliations


Week 9                   Chapter 7                   E 2.4             Petty cash
4/4/2011                                             E 8.4             Bank reconciliations revision

                                                                       Assessment 5
                         Chapter 7                                     Petty cash
                                                                       Bank reconciliations


  WSI Accounting Section – Sandra Cosgrove                                                 Process financial & extract interim reports
  Version 1.1 current as at 7/08/2012 5:37:12 AM                                                            Prepare financial reports
  .                                                              Page 3 of 5


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11/4/2011
    &                                                                 Tafe Holidays – 2 weeks
18/4/2011


  Week 10                                          BSBFIA401A         Balance Day Adjustments:
 25/4/2011               Chapter 9                    E1.3            Accruals
                                                                      prepayments
                                                                      Bad Debts
                                                                      Doubtful Debts
                                                                      Closing Inventory

                                                                      Closing Journals / Basic Financial reports
                         Chapter 8                    E 8.3

 Week 11                 Chapter 9                    E 2.3           Balance Day Adjustments:
 2/5/2011                                             E 1.3           Accruals
                                                                      prepayments
                                                                      Bad Debts
                                                                      Doubtful Debts
                                                                      Closing Inventory

                         Chapter 8                                    Closing Journals/Basic Financial Reports
                                                      E 8.3
 Week 12               Chapter 8 & 9                                  Assessment 6
 9/5/2011                                                             Balance Day Adjustment
                                                                      Closing Journals/Basic Financial Reports

                                                                      Ten Column Worksheet
                        Chapter 10                    E .4



                        Chapter 10                    E .4            Ten Column Worksheet
  Week 13
 16/5/2011
                         Chapter 10                                   Assessment 7
  Week 14                                                             Ten Column Worksheet
 23/5/2011
                                                                      Corrections of errors
                        Chapter 11                    E.8.4           Financial Reports



  Week 15               Chapter 11                   E 8.44           Corrections of errors
 30/5/2011                                                            Period Financial Reports


                         Chapter 11                                   Assessment 8
 Week 16                                                              Corrections of errors
 6/6/2011                                                             Period Financial reports

                                                                      Maintain Asset Register
                        Chapter 12                    E 1.2           Calculations and journals
                                                                           Depreciations (straight line and reducing balance)
  WSI Accounting Section – Sandra Cosgrove                                            Process financial & extract interim reports
  Version 1.1 current as at 7/08/2012 5:37:12 AM                                                       Prepare financial reports
  .                                                             Page 4 of 5


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                                                                          Disposal of asset




 Week 17              Chapter 12                 E 1.2         Maintain Asset Register
13/6/2011                                                      Calculations and journals
                                                                          Depreciations (straight line and reducing balance)
                                                                          Disposal of asset
                      Chapter 12                 E 1.2         Maintain Asset Register revision
 Week 18                                                       Calculations and journals
20/6/2011
                                                                          Depreciations (straight line and reducing balance)
                                                                          Disposal of asset

                       Chapter 12                              Assessment9
                                                               Depreciations straight line & reducing balance
                                                               Disposal of asset

 Note: The timing and sequence of topics may vary during the course of the semester.




 Employability Skills
 This class incorporates delivery and assessment of selected Employability Skills.
 Employability Skills are the non-accounting skills that employers are actively seeking when considering job
 applicants.

 Our class assessments incorporate selected Employability Skills. You will not only be assessed on the
 technical content, but also the Employability Skills embedded in the assessment.

 Certificate III
 All of our assessments incorporate the Employability Skill ‘Problem Solving’, specifically;
      Checking reports for accuracy and correcting errors as required
      Collecting, comparing and contrasting data in order to create reports
      Using problem solving tools and techniques to solve reconciling problems
      Maintaining accounts records for compliance purpose
      Preparing, processing and maintaining financial records
      Recording, gathering and classifying information

 Certificate IV
 Our assessments further incorporate the Employability Skill ‘Initiative and Enterprise’, specifically;
     Checking the accuracy of calculations
     Solving discrepancies
     Establishing and maintaining an accounting system
     Processing accounting data and preparing reports




WSI Accounting Section – Sandra Cosgrove                                            Process financial & extract interim reports
Version 1.1 current as at 7/08/2012 5:37:12 AM                                                       Prepare financial reports
.                                                        Page 5 of 5


Document1
repare financial reports
.                                                         Page 5 of 5


Document1

				
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