Assessment DetailsQualification Code/Title FNS60215- Advanced Diploma of AccountingAssessment Type Assessment…

Assessment DetailsQualification Code/Title FNS60215- Advanced Diploma of AccountingAssessment Type Assessment -2 Time allowedDue Date Location AHIC Term / YearUnit of CompetencyNational Code/Title FNSINC602-Interpret and Use…

Assessment DetailsQualification Code/Title FNS60215- Advanced Diploma of AccountingAssessment Type Assessment -2 Time allowedDue Date Location AHIC Term / YearUnit of CompetencyNational Code/Title FNSINC602-Interpret and Use Financial Statistics and ToolsStudent DetailsStudent Name Student IDStudent 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 DetailsAssessor’s NameRESULTS (Please Circle) SATISFACTORY NOT SATISFACTORYFeedback 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 another Assessment.? 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.? Resources required completing the assessment tasks are Learner guide, PowerPoint presentation, Unit Assessment Pack (UAP), Access to other learning materials such as textbooks, Access to a computer, the Internet and word-processing system such as MS Word.? Submitted document must follow the given criteria. Font must be Times New Roman, Font size need to be 12 and line spacing has to be Single line.? This is Individual Assessments. Once you have completed the assessment, please upload the softcopy of the Assessment into AHIC Moodle.? Plagiarism is copying someone else’s work and submitting it as your own. Any Plagiarism will result in a mark of Zero.ASSESSMENT TASK 2:Assessment Task Source and Apply Statistical DataSchedule Week 2Outcomes AssessedPerformance Criteria:1.1, 1.2, 2.1, 2.2, 2.3, 2.4, 3.1, 3.2, 3.3, 4.1, 4.2Addresses some elements of required skills and knowledge as shown in the Assessment MatrixDescription:This assessment task has four tasks. Trainers/assessors may vary the data for the task for different students. Tasks may be scheduled according to classroom learning sessions and organised over a number of sessions to coincide with the relevant lessons and activities.1. Complete the following tasks using the given data set.Assets$Cash 200 000Accounts receivable 400 000Inventory 1 200 000Plant 600 000Total assets 2 400 000Liabilities$Accounts payable 800 000Long-term debt 400 000Capital 1 200 0002 400 000Profit and lossSales 1 600 000Cost of goods sold 1 000 000Operating expenses 200 000Interest 100 000Taxes 100 000Net profit 200 000Find the following:(a) Current ratio(b) Quick asset ratios(c) Inventory turnover(d) Collection period(e) Fixed asset turnover(f) Times interest covered(g) Net profit margin(h) Return on total assets(i) Return on capital.2. The following data represents sales for 2005 to 2015:Year Sales2008 10 0002009 11 0002010 12 0002011 12 5002012 16 0002013 18 0002014 25 0002015 40 0002016 41 0002017 43 0002018 50 000Based on the data,(a) Plot the data on a graph.(b) Draw the secular trend line of best fit using semi-average method.(c) With the data from 2009 to 2018 predict sales for 2019 with least square method of forecasting3. You are given the following data:2 1 1 2 1 1 3 1 2 1 01 1 3 2 1 4 1 1 1 0 2Required:(a) Draw a histogram.(b) Draw a frequency table.(c) Draw a frequency polygon.4. Calculate the correlation coefficient between advertising (x) and sales (y).Year 2009 2010 2011 2012 2013 2014$’000 Advertising 10 11 12 13 14 15$’000 Sales 200 220 230 250 260 300( b ) Describe the relationship between advertising and sales.( c ) Find the equation of the regression line.( d ) Plot the data for the annual sales versus advertising on a scattergram using the paper below. Start the x axis from 100 and the y axis from 8.( e ) Use the regression equation to draw the line of regression on your scatter diagram.( f ) If advertising is $16,000 in 2015 calculate the expected sales.5. Why is accurate data so important for business survival? What are some of the graphical data techniques that are used to illustrate statistics results?Assessment CriteriaThe following assessment criteria will be used for marking this assessment task. Ensure that you have addressed all of the criteria in your work.? Used appropriate data sets and statistics for calculations as required? Complete all the given tasks? Completed the task within a designated assessment session in presence of an assessor? Used appropriate formulas and accurately calculated the ratios from the given financial information? Used tables, graphs and/or charts to illustrate the data where needed? Diagrams/graphs are appropriately labelled and coded to illustrate the data? Data is clear, distinguishable and appropriately labelled for identification? The answers are consistent with the model answersSubmission GuidelinesSubmit:? Completed tasks – Word processed? Spreadsheets with calculations and charts/diagrams? Copies of graphs and chartsThis assessment task must be completed in a designated session in presence of a trainer/assessor. Let’s block ads! (Why?)

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