| Assessment Criteria / Benchmarks
The evidence submitted demonstrates that the student has satisfactorily: |
Attempt 1 |
Attempt 2 |
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Date __/__/__ |
Date __/__/__ |
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|
Y |
N |
Y |
N |
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|
Part A |
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|---|---|---|---|---|
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Prepared the partnership Income Statement |
☐ |
☐ |
☐ |
☐ |
|
Prepared the Profit and Loss appropriation account |
☐ |
☐ |
☐ |
☐ |
|
Prepared the Partner’s current accounts |
☐ |
☐ |
☐ |
☐ |
|
Prepared the partnership Balance Sheet |
☐ |
☐ |
☐ |
☐ |
|
Identified 3 critical financial aspects that must be included in the organisational policies and procedures |
☐ |
☐ |
☐ |
☐ |
|
Use appropriate functions in Microsoft Excel. For example: cell referencing and totalling. |
☐ |
☐ |
☐ |
☐ |
|
Part B |
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|
Prepared a Statement of Receipts and Payments |
☐ |
☐ |
☐ |
☐ |
|
Completed the Members Subscriptions account |
☐ |
☐ |
☐ |
☐ |
|
Prepared a Merchandise Trading Statement |
☐ |
☐ |
☐ |
☐ |
|
Prepared an Income and Expense Statement |
☐ |
☐ |
☐ |
☐ |
|
Prepared a Statement of Assets and Liabilities |
☐ |
☐ |
☐ |
☐ |
|
Reviewed for accuracy and identified and advised who is responsible for signing and verifying completed financial statements |
☐ |
☐ |
☐ |
☐ |
|
Identified and explained 3 distinguishing features that should be included in organisational policies and procedures |
☐ |
☐ |
☐ |
☐ |
|
Use appropriate functions in Microsoft Excel. For example: cell referencing and totalling. |
☐ |
☐ |
☐ |
☐ |