Instruction to students: This is a group assignment.
Total Marks: 40 Marks
Task: FIAC214 Financial Accounting Assignment
a) Demonstrate an understanding of the accounting environment.
b)Show an ability to apply accounting vocabulary, principles and concepts.
c) Analyse transactions and prepare journals, ledgers and worksheets, and a trial balance.
d) Prepare general purpose financial statements.
e) Analyse , record and report current and non-current assets.
f) Distinguish between current and non-current liabilities, provisions and contingencies.
g) Analyse and interpret financial statements.
Assessment Purpose: The assignment is designed to enhance student’s skills in the preparation of simple financial statements, business transaction journalising as well as the implementation of an internal control system in a business, standards of ethical conduct is also presented to facilitate student’s discussions.
Assessment Description: Students are required to work in a group of2 -4 students in the performance of this assignment.
Assessment Submissions: This assessment is a group activity and students are required to work with their respective groups. No individual submissions will be accepted.
Marking Rubric: FIAC214 Financial Accounting Assignment-Kent Institute Australia
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