Assessment Details
Qualification Code/Title
Assessment Type Assessment -01 -Written Assessment Time allowed
Due Date Location AHIC Term / Year
Unit of Competency
National Code/Title FNSACC507 Provide management accounting information
Student Details
Student Name Student ID
Student Declaration: I declare that the work submitted is my own, and has not been copied or plagiarised from any person or source. Signature: ____________________________
Date: _____/______/__________
Assessor Details
Assessor’s Name
RESULTS (Please Circle) SATISFACTORY NOT SATISFACTORY
Feedback to student:
............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
Student Declaration: I declare that I have been assessed in this unit, and I have been advised of my result. I am also aware of my appeal rights.
Signature: _______________________________
Date: ______/_______/___________
Assessor Declaration: I declare that I have conducted a fair, valid, reliable and flexible assessment with this student, and I have provided appropriate feedback.
Signature: ________________________________________
Date: ______/_______/___________
Instructions to the Candidates
? This assessment is to be completed according to the instructions given below in this document.
? Should you not answer the tasks correctly, you will be given feedback on the results and gaps in knowledge. You will be entitled to one (1) resubmit in showing your competence with this unit.
? If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
? Please refer to the College re-submission and re-sit policy for more information.
? If you have questions and other concerns that may affect your performance in the Assessment, please inform the assessor immediately.
? To be deemed competent for this unit you must achieve a satisfactory result with tasks of this assessment along with a satisfactory result for the other assessment (Project)
? This is an Open book assessment which you will do in your own time but complete in the time designated by your assessor. Remember, that it must be your own work and if you use other sources then you must reference these appropriately.
? This is Individual Assessments. Once you have completed the assessment, please provide the Hard copy of the Assessments to your Trainer/ Assessor.
? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero.
Question 1
Identify and describe (120–150 words) cost behaviour characteristics for the different cost elements of a product or service.
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Question 2
What is a double entry bookkeeping system and what are its advantages? Discuss in 150–180 words.
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Question 3
What is accrual accounting and why is it the preferred method for accounting? Discuss in 150–180 words.
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Question 4
Discuss (150–180 words) the application of policies and procedures to managing accounting information.
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Question 5
What are the key management information requirements? Discuss in 120–150 words.
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Question 6
Discuss (150–180 words) the process of preparing a budget.
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Question 7
What is the relationship between variance analysis reports and system integrity? Discuss in 120–150 words.
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Question 8
Why should backup schedules be reviewed and why is undertaking such a practice important? Discuss in 120–150 words.
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Question 9
Explain (150–180 words) the relevance of Australian Standard: Record Management to maintaining management accounting information.
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Question 10
Describe (120–150 words) the process of collating, coding, and classifying data in preparation for processing.
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