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Pursuing FNS40615 Certificate IV in Accounting from Monarch Institute? Searching FNSACC404 Prepare financial statements for non-reporting entities assignment help? Before heading towards our academic help services, have a quick introduction with this unit -
FNSACC404 Prepare financial statements for non-reporting entities unit is the study of developing different types of financial reports for different entities who does not have any responsibility regarding governmental agencies and regulatory. It refers different kinds of learning units such as work functions, occupational areas, regulatory requirements, FNS implementation guides and systematic approaches for preparing financial information.
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FNS40615 Certificate IV in Accounting / FNS40215 Certificate IV in Bookkeeping of Monarch Institute, Australia
The current Assignment of the Monarch Institute deals with the preparation of the financial accounts for the non-reporting entities. It aims to develop the essential skills and knowledge in the area of accounting and bookkeeping. With the completion of the given assessment the student would be able to achieve competency in the unit FNSACC404 Prepare financial statements for non-reporting entities that is the core focus of this assignment. The assessment focuses upon the relevant searching on the accounting records and business taxation requirement along with other process lodgments and other return requirements as per the specific demands of the Australian Taxation Office (ATO).
The assignment answers nine distinct questions that exhibit their relevant skills and expertise in the accounting and bookkeeping field. The first question includes solution regarding the concept of GST, Australian Business Number and the major financial statement of a company. Different types of accounts have been prepared in the second question. In the third task proper journal entries have been provided for partnership. General ledger accounts in T-format have been prepared in the fourth question. In the fifth question cash flow statement has been prepared with the provided information of an imaginary company.
The sixth task includes creation of income and expenditure statement along with two specific accounts. Liquidity and current ratio along with the gross and net profit rate has been calculated in the seventh question. In the eighth task, the concept of depreciation has been discussed and depreciation account has been prepared by both the straight line and diminishing balance method. The last and the ninth task involve display of numerical data in the form of pie chart for showing the relevant information. Thus, with the help of the unit FNSACC404 Prepare financial statements for non-reporting entities, the students are able to enhance their knowledge with respect to accounting and financial statements.
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