Print |
Assessment Sheet
|
Add to Basket
Business Finance
Unit Code: AA43CY002
Level:
Three
Credit Value: 6
Unit ID: ACD706
| LEARNING OUTCOMES |
ASSESSMENT CRITERIA |
| The learner will |
The learner can: |
| 1. | Demonstrate and apply a knowledge of the Double Entry Book-keeping System |
| | 1.1 | Identify the basic accounting mechanism. | | 1.2 | Open suitable Ledger accounts. | | 1.3 | Identify different types of accounts and place such accounts in the correct format. | | 1.4 | Enter information into such accounts correctly. | | 1.5 | Prepare accounts into Personal, Real and Nominal positions. | | 1.6 | Balance the accounts. | | 1.7 | Extract a Trial Balance. |
|
| 2. | Demonstrate and apply a knowledge of simple final accounts. |
| | 2.1 | Construct a Trading Account. | | 2.2 | Construct a Profit/(Loss) Account. | | 2.3 | Prepare a Balance Sheet in appropriate format. | | 2.4 | Make adjustments to the Trading Account, i.e. Returns. | | 2.5 | Include carriage inwards and outwards. | | 2.6 | Adjust the Profit/(Loss) Account using Accruals and Prepayments. | | 2.7 | Make provisions for Bad Debt. | | 2.8 | Make adjustments for Depreciation. | | 2.9 | Make adjustments for interest received/paid. |
|
Assessment Methods:
There is no assessment information available for this unit. Assessments used should be fit for purpose for the unit and learners, and generate evidence of achievement for all the assessment criteria.
|
Assessor Requirements:
There is no information regarding specific assessor requirements for this unit. Centres should select assessors who are trained in assessment, and who have subject specific competence to assess at this level.
|
