records simple records transactions records complex transactions in the in the general transactions in the general journal. journal which are general journal There may be some compliant with the which are compliant errors with the expected format with the expected expected format format posts general journal posts general journal posts general journal entries to the general entries to the general entries to the general ledger for simple ledger and correctly ledger for complex transactions. There balances where transactions and may be some errors required correctly balances with completeness where required identifies the nature analyses entries in evaluates entries in of simple ledger accounts and ledger accounts and transactions posted to determines the nature determines the full ledger accounts of the transactions double entry nature of transactions, even complex ones prepares bank prepares bank prepares bank reconciliation reconciliation reconciliation statements involving statements which are statements, which simple items. There compliant with the include complex may be some errors required format. items, and which in categorisation and are compliant with formatting. the required format. 3: *APPLY ACCRUAL ACCOUNTING TERMS, CONCEPTS AND PROCESSES TO SELECT AND ORGANISE DATA TO PREPARE FINANCIAL REPORTS RATING RATING RATING ‘C’ ‘B’ ‘A’ The learner: The learner: The learner: identifies the double assesses the double analyses the double entry components of entry components of entry components of
records simple transactions in the general journal. There may be some errors with the expected format records transactions in the general journal which are compliant with the expected format records complex transactions in the general journal which are compliant with the expected format posts general journal entries to the general ledger for simple transactions. There may be some errors with completeness posts general journal entries to the general ledger and correctly balances where required posts general journal entries to the general ledger for complex transactions and correctly balances where required identifies the nature of simple transactions posted to ledger accounts analyses entries in ledger accounts and determines the nature of the transactions evaluates entries in ledger accounts and determines the full double entry nature of transactions, even complex ones prepares bank reconciliation statements involving simple items. There may be some errors in categorisation and formatting. prepares bank reconciliation statements which are compliant with the required format. prepares bank reconciliation statements, which include complex items, and which are compliant with the required format. 3: *APPLY ACCRUAL ACCOUNTING TERMS, CONCEPTS AND PROCESSES TO SELECT AND ORGANISE DATA TO PREPARE FINANCIAL REPORTS RATING ‘C’ RATING ‘B’ RATING ‘A’ The learner: The learner: The learner: identifies the double entry components of assesses the double entry components of analyses the double entry components of
ACC315116_course_v1b.docx