Future College

RTO 45211

Student Assessment Tasks

FNSACC301 Process financial transactions and extract interim reports

Table of Contents

Table of Contents2

Assessment Information3

Additional Resources4

Assessment Instructions5

Student Assessment Agreement7

Assessment Task 1 Cover Sheet8

Assessment Task 1: Written Questions9

Assessment Task 1 Instructions11

Assessment Task 1 Checklist14

Assessment Task 2 Cover Sheet15

Assessment Task 2: Petty cash and cash receipts16

Assessment Task 2 Instructions17

Assessment Task 2 Checklist22

Assessment Task 3 Cover Sheet24

Assessment Task 3: Reconcile and pay journals25

Assessment Task 3 Instructions26

Assessment Task 3 Checklist30

Assessment Information

The assessment tasks for FNSACC301 Process financial transactions and extract interim reportsare included in this Student Assessment Tasks booklet and outlined in the assessment plan below.

To be assessed as competent for this unit, the student must complete all of the assessment tasks satisfactorily.

Assessment Plan


Last updated: Feb 2024

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Assessment Plan

Assessment Preparation

Please read through this assessment thoroughly before beginning any tasks. Ask your assessor for clarification if you have any questions at all.

When you have read and understood this unit’s assessment tasks, print out the Student Assessment Agreement.Fill it out, sign it, and hand it to your assessor, who will countersign it and then keep it on file.

Keep a copy of all of your work, as the work submitted to your assessor will not be returned to you.

Assessment appeals

If you do not agree with an assessment decision, you can make an assessment appeal as per your RTO’s assessment appeals process.

Students have the right to appeal the outcome of assessment decisions if they feel they have been dealt with unfairly or have other appropriate grounds for an appeal.

Additional Resources

The following resources will be given to you before you begin each Assessment Task.

Assessment Task 2

  • Petty Cash Vouchers
  • Petty Cash Receipts
  • Financial Policy and Procedures
  • Cheques
  • Bank Withdrawal Receipt
  • Bank Deposit Slip
  • Andrew’s Workbook Template
  • Assessment Task 3

  • Andrew’s Slabs Accounts
  • Andrew’s Slabs Transactions July
  • Assessment Instructions

    Each assessment task in this booklet consists of the following:

    Assessment Task Cover Sheet

    This must be filled out, signed and submitted together with your assessment responses.

    If you are submitting hardcopy, the Cover Sheet should be the first page of each task’s submission.

    If you are submitting electronically, print out the cover sheet, fill it out and sign it, then scan this and submit the file.

    The Assessment Task Cover Sheet will be returned to you with the outcome of the assessment, which will be satisfactory (S) or unsatisfactory (U). If your work has been assessed as being not satisfactory, your assessor will include written feedback in the Assessment Task Cover Sheet giving reasons why. Your assessor will also discuss this verbally with you and provide advice on re-assessment opportunities as per

    your RTO’s re-assessment policy.

    Depending on the task, this may include

    resubmitting incorrect answers to questions (such as short answer questions and case studies)

    resubmitting part or all of a project, depending on how the error impacts on the total outcome of the task

    redoing a role play after being provided with appropriate feedback about your performance

    being observed a second (or third time) undertaking any tasks/activities that were not satisfactorily completed the first time, after being provided with appropriate feedback.

    Assessment Task Information

    This gives you:

    a summary of the assessment task

    information on the resources to be used



    Last updated: Feb 2024

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