Assessment Summary Sheet

 This form is to be completed by the assessor and used a final record of student competency.
 All student submissions including any associated checklists (outlined below) are to be attached to this cover sheet
before placing on the students file.
 Student results are not to be entered onto the Student Database unless all relevant paperwork is completed and
attached to this form.
Student Name:

Student ID No:

Final Completion Date:

Unit Code: FNSTPB401

Unit Title: Complete Business Activity and Instalment Activity Statements

Please attach the following documentation to this form Result

Assessment 1 Case Analysis and written response S / NYS / DNS

Assessment 2 Research, analysis and short questioning S / NYS / DNS

Assessment 3 Project S / NYS / DNS

Final Assessment Result for this unit C / NYC

Feedback is given to the student on each Assessment task Yes / No

Feedback is given to the student on final outcome of the unit Yes / No

Student Declaration I have been assessed in a fair and

Assessor Declaration: I declare that I have conducted a
flexible manner. I understand that the Elite Education
fair, valid, reliable and flexible assessment with this student,
Vocation Institute’s Student Assessment, Reassessment
and I have provided appropriate feedback.
and Repeating Units of Competency Guidelines apply to
these assessment tasks.

Name: Name:

Signature: Signature:

Date: Date:

V2019 T4
FNSTPB401 Cert IV Accounting
 Assessment Cover Sheet
Assessment Two Details
Term and Year Term 4 2019
Assessment Type Research, analysis and short questioning
Due Date Class Room
Student Name:

Student ID No:

Date:

Qualification : Certificate IV of Accounting

Unit Code: FNSTPS401

Unit Title: Complete Business Activity and Instalment Activity Statements
Assessor’s Name Ada DU

Student Declaration: I declare that this work has been
completed by me honestly and with integrity. I understand
that the Elite Education Vocation Institute’s Student
Assessment, Reassessment and Repeating Units of
Competency Guidelines apply to these assessment tasks.
Assessor Declaration: I declare that I have conducted a
fair, valid, reliable and flexible assessment with this student,
and I have provided appropriate feedback.

Name: Name:

Signature: Signature:

Date: Date:

Student was absent from the feedback session.

V2019 T4
FNSTPB401 Cert IV Accounting
 Assessment/evidence gathering conditions

Each assessment component is recorded as either Satisfactory (S) or Not Yet Satisfactory (NYS). A student can only
achieve competence when all assessment components listed under procedures and specifications of the assessment
section are Satisfactory. Your trainer will give you feedback after the completion of each assessment. A student who is
assessed as NYS is eligible for re-assessment. Should the student fail to submit the assessment, a result outcome of Did
Not Submit (DNS) will be recorded.

Principles of Assessment

Based on Clauses 1.8 – 1.12 from the Australian Standards Quality Assurance’s (ASQA) Standards for Registered Training
Organizations (RTO) 2015, the learner would be assessed based on the following principles:

Fairness - (1) the individual learner’s needs are considered in the assessment process, (2) where appropriate, reasonable
adjustments are applied by the RTO to take into account the individual leaner’s needs and, (3) the RTO informs
the leaner about the assessment process, and provides the learner with the opportunity to challenge the result
of the assessment and be reassessed if necessary.

Flexibility – assessment is flexible to the individual learner by; (1) reflecting the learner’s needs, (2) assessing competencies
held by the learner no matter how or where they have been acquired and, (3) the unit of competency and
associated assessment requirements, and the individual.

Validity – (1) requires that assessment against the unit/s of competency and the associated assessment requirements
covers the broad range of skills and knowledge, (2) assessment of knowledge and skills is integrated with their
practical application, (3) assessment to be based on evidence that demonstrates tat a leaner could
demonstrate these skills and knowledge in other similar situations and, (4) judgement of competence is based
on evidence of learner performance that is aligned to the unit/s of competency and associated assessment
requirements.

Reliability – evidence presented for assessment is consistently interpreted and assessment results are comparable
irrespective of the assessor conducting the assessment

Rules of Evidence

Validity – the assessor is assured that the learner has the skills, knowledge and attributes, as described in the module
of unit of competency and associated assessment requirements.

Sufficiency – the assessor is assured that the quality, quantity and relevance of the assessment evidence enables a
judgement to be made of a learner’s competency.

Authenticity – the assessor is assured that the evidence presented for assessment is the learner’s own work. This would
mean that any form of plagiarism or copying of other’s work may not be permitted and would be deemed
strictly as a ‘Not Yet Competent’ grading.

Currency – the assessor is assured that the assessment evidence demonstrates current competency. This requires the
assessment evidence to be from the present or the very recent past.

V2019 T4
FNSTPB401 Cert IV Accounting
 Resources required for this Assessment

 All documents must be created using Microsoft Office suites i.e., MS Word, Excel, PowerPoint
 Upon completion, submit the assessment via the student learning management system to your trainer along with the
completed assessment coversheet.
 Refer the notes on eLearning to answer the tasks
 Any additional material will be provided by Trainer
Instructions for Students

Please read the following instructions carefully

 This assessment is to be completed according to the instructions given by your assessor.

 Students are allowed to take this assessment home.
 Feedback on each task will be provided to enable you to determine how your work could be improved. You will be
provided with feedback on your work within 2 weeks of the assessment due date.
 Should you not answer the questions correctly, you will be given feedback on the results and your gaps in knowledge.
You will be given another opportunity to demonstrate your knowledge and skills to be deemed competent for this unit
of competency.
 If you are not sure about any aspect of this assessment, please ask for clarification from your assessor.
 Please refer to the College re-assessment and re-enrolment policy for more information.
Procedures and Specifications of the Assessment

To complete the unit requirements safely and effectively, the individual must:
 Define international marketing
 Identify international trade patterns

 Explain international trade policies and agreements

 Identify legislative requirements

V2019 T4
FNSTPB401 Cert IV Accounting
 Assessment Instructions:
 To be prepared on an individual basis.

 Students must provide detailed answer for every question along with relevant examples.

 There is no word limit, but answer for every question should be reasonable size and less
than ½ page

Submission Requirement:
You must submit soft copy of your answers in a word or PDF document. Upload the softcopy on the link provided
in the Module.

Answer the following Questions:

1 What information may be reported on an IAS Statement

Explain what an Instalment Notice for GST and PAYG instalments is. In your explanation
2
indicate how an instalment notice differs from and activity statement.

3 Explain the difference between cash and accrual reporting for a business

V2019 T4
FNSTPB401 Cert IV Accounting
 There is a list of GST Tax rulings available from the ATO at

https://www.ato.gov.au/law/view/document?docid=GST/GSTR20002/NAT/ATO/00001
4 Read the ruling GSTR 2000/2 Goods and Services Tax: adjustments for bad debts and respond
to the following questions with your answer and the paragraph of the Tax Ruling you have
relied on for making your answer.

When accounting for GST on an accrual basis is the GST adjustment made when the bad debt is
written off?

If the bad debt adjustment is made when it is written off, is it an increasing or decreasing
adjustment?

5 Provide an explanation of the following terms

Taxable sales

GST input tax credits

Net GST payable

6 Provide an explanation of, and one example of, each of the following terms

GST free purchases

Capital purchase

Input taxed supplies

V2019 T4
FNSTPB401 Cert IV Accounting
 7 Describe the purpose of the Fringe Benefits Tax Assessment Act 1986

8 What is a fringe benefit?

9 What are employees as defined under the Fringe Benefit Tax Assessment Act 1986?

10 What is the current FBT Rate?

List 7 examples of fringe benefits tax exempt work related items if purchased or contracted
11
today.

12 What is the Superannuation Guarantee (Administration) Act 1992

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FNSTPB401 Cert IV Accounting
 Under the Superannuation Guarantee (Administration) Act 1992, what are employers
13
required to do in terms of superannuation?

14 Who must register as a BAS agent with the Tax Practitioners Board

15 What are the educational requirements for persons seeking to register as a BAS Agent with the
Tax Practitioners Board?

What is considered a Fit and Proper person in terms of registering as a BAS Agent with the
16
Tax Practitioners Board?

What is the code of professional conduct as per the Tax Agent Services Act 2009
17

18 What are the sanctions that may be applied by the TPB for failure to comply with the Code of
Professional Conduct

V2019 T4
FNSTPB401 Cert IV Accounting
 What is the purpose of the Privacy Act 1988?
19

20 What is classified as Personal Information as per the Privacy Act 1988

21
What are the Australian Privacy Principles?

22 List 3 points you should follow to ensure you comply with the Australian Privacy Principles.

23 What legislation covers Income Tax?

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FNSTPB401 Cert IV Accounting
 What sort of records should be kept according the Taxation Administration Act 2005? How
24 long must these records be kept for?

List 5 possible prosecutable acts when lodging a tax return under the Taxation
25
Administration Act 2005.

26 According to the TAA 2005, when is a taxpayer liable to pay penalty interest? When might the
interest be increased?

What is the Tax Agent Service Act?

27

28 What is the purpose of the Income Tax Assessment Act 1997?

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FNSTPB401 Cert IV Accounting
 29 Provide a brief explanation of the following taxation laws

Wine equalisation tax

Luxury car tax

Fuel tax

Assessment Tasks
FNSTPB401
 Assessment Two Feedback Evaluation
Student’s name:

Trainer/ Assessor’s name: Date:

Unit name: FNSTPB401 Complete Business Activity and Instalment Activity Statements

Assessment Submission Checklist to be completed by the Trainer/Assessor

Did the student complete and provide evidence for the following: Yes No

1. Provide a discussion on the short questions?  

2. Provide an analysis for accounts classification?  
3. Provide an understanding of accounting equation?  
4. Has the ability to find and correct mistakes in financial statements?  
5. Submit within agreed timeframe?  
Has the learner proven they can: Yes No
1.1. Enter data accurately into system in accordance with organisational input standards and correctly
allocate transaction to system and accounts
 

1.2. Process accurately any special transactions  

1.3. Find and correct any errors  
FEEDBACK TO STUDENT:

Assessment outcome  Satisfactory  Not Yet Satisfactory  Re-assessment required

The result of my performance in this unit has been discussed and explained to me.

Student Signature
____________________________ Date: ______________
Student signature

Trainer/ Assessor’s declaration:

I hereby certify that the above student has been assessed by myself and all assessments are carried out as
required by the Principles of Assessments (Clause 1.8 of the Standards for RTO 2015).
Trainer/ Assessor’s
Signature
____________________________ Date: ______________
Assessor signature

V2019 T4
FNSTPB401 Assignment