Assessment Cover Sheet – Faculty: Business and Finance College: Northern Beaches Teaching Section: Accounting & Finance Qualification Number and Name: FNS40615 Certificate IV in Accounting FNS40215 Certificate IV in Bookkeeping Unit of Competency Number and Name: FNSBKG404 Carry OutBAS/IAS TASKS Assessment Task: Assessment 2 of 3 (Class Assessment) Assessment date: Duration: Weeks 1-10 Student Name: Student ID: College: Student signature: Date: Assessment Instructions • This is an in class assignment • Consultation with your teacher permitted • In addition to this document, the student should have • Terms of engagement • Accounting transactions • Poiicies & Procedures Your results will be reported as AC/NC \: Plagiarism Declaration I have read the Student Service Guide under Student Responsibilities to “… not engage in plagiarism, collusion or cheating in any assessment event or examination”. Student Signature………………………………………..………… Sub-Faculty of Accounting and Finance Certificate IV in Accounting Certificate IV in Bookkeeping CLASS ASSIGNMENT Semester 1, 2017 Assessment Event 2 of 3 FNSBKG404 CARRY OUT BAS/IAS TASKS Your Competency will be assessed as follows TASK 1 TOPIC No of Errors Allowed Errors AC/NYC 1 Coding transactions 3 2 Timing of payments 1 3 Research skills 1 Student Feedback on Outcome(s):  The results of my performance have been discussed and explained to me. If you would like to request a review of your results or if you have any concerns about your results, contact your head teacher. Student’s signature: Date: Carry Out BAS & IAS Statements – Class assignment Rhonda has appointed you as the bookkeeper for her business Rhonda’s Plants. Before commencing with the initial tasks, you must review the terms of engagement, and Rhonda’s policies and procedures TASK 1 Rhonda’s Plants have provided accounting transaction information (see Rhonda’s Plants Accounting Transactions document) which relates to the BAS reporting period April to June 2017. You are required to Code these GST transactions for MYOB. In accordance with Rhonda’s Plants policies and Procedures Clause TASK 2 As Rhonda’s bookkeeper, you are required to ensure the business meets all their tax and reporting requirements. Prepare a schedule that provides Rhonda with estimates of the amounts and timing of her tax obligations for the year.(NOTE this should be done on excel or word) Annual turnover $2,750,000(30% of these are estimated to be Export sales) Rhonda estimates that she claims 20,000 per year for GST paid Annual withholding: $80,000 Pre printed PAYG tax instalment $45,000 per quarter Pre printed FBT per quarter $1200 TASK 3 Rhonda seeks your advice on the following: (i) Rhonda has heard from a work colleague about Fuel Tax credits. She has asked you whether she can claim Fuel Tax credits. Research the ATO website and your text book and advise Rhonda Advise Rhonda. Provide 2 practical examples of the application of the fuel tax credit (ii) Rhonda purchased a luxury car with an all-up price of $140,000. In April 2017.She has asked you a. To calculate the amount of luxury car tax she has paid for the car b. Whether she needs to include the luxury car tax in her June BAS statement.