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FNSACC408 Work Effectively in the Accounting and Bookkeeping Industry

Question

Answered

Tasks:

1.  For this task you must assemble a portfolio of policies, procedures and codes of practice. 

You are required to submit:

a. 2 sample policies and procedures for bookkeeping and accounting 
b. 2 sample codes of practice that relate to bookkeeping and accounting

2. You should read, review and research to answer the following questions in your own words. You may use reference sources from the internet, your workplace or another reference source such as a library.
 
a. Describe at least two avenues for identifying other relevant professionals.
b. Explain the requirements of at least two relevant industry codes of practice.
c. Explain the policies and procedures relevant to your role in a book-keeping organisation.
d. Describe the relevant statutory, legislative and regulatory requirements for documentation of accounting procedures.

Documentation of accounting procedures.

Part 2. Report of the requirements to work effectively in the accounting and bookkeeping industry
 
For this part of your assignment you are to write a report and document and respond to the tasks below to show your understanding of the requirements to work effectively in the accounting and bookkeeping industry. 

You may draw and include a flowchart where a process is identified in the task or list the steps required to complete the tasks as well as providing a written response.

Tasks:

1. Describe how you would set up and maintain systems to meet your compliance requirements through the following actions: 
a. Develop systems to support user needs. 
b. Develop and document instructions and guidelines for carrying out daily activities according to their compliance requirements
c. Conduct regular reviews of the system, adapting it as necessary.

2. Detail the steps you would take to complete your work, working both autonomously and in a team to complete the following work activities:
a. Identify what the tasks are to be done, and identify the conditions required for the autonomous or team environment work. 
b. Plan out and document the work to manage resources, time and priorities
c. Throughout teamwork, provide feedback to team members to encourage, value and reward individual and team efforts, and contributions. 
d. Work together in the team to identify and resolve problems that impede team performance. How would you record the problems identified and how they were resolved? 
e. Discuss how you would respond to changes in technology and work organisation.

FNSACC408 Work Effectively in the Accounting and Bookkeeping Industry

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Aim:The unit aim is to provide learners with an understanding of where and how to access sources of finance for a business, and the skills to use financial information for decision making.Unit abstractThis unit is designed to give learners a broad understanding of the sources and availability of fin ...

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Q

Question 1 (20 marks) “One of the most important aspects to project evaluation is managerial flexibility.”Explain the meaning of “managerial flexibility” and assess its significance in relation to other factors that are also important to project evaluation.(20 marks)Question ...

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Details of Assignment SONICJET Company produces small powerboats and faces the challenge to build and market environment-friendly green powerboat. Dr Pascal Goulpie, the director of PlanetSolar, stated that building an environment-friendly boat is possible for sure, but the market and demand are s ...

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