Compile and classify different types of transactions

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Reference no: EM131217272

Finances in relation to international business Assessment - Record & Cover Sheet

Assessment Instructions

Purpose:

The purpose of this assessment is to enable you to demonstrate that you can identify, compile and classify different types of transactions to produce the major accounting reports necessary for managing any business and complying with legislation and regulations.

Requirements:

Present the correctly compiled and classified information in the spaces provided below.

Scope:

Follow the instructions listed after the list of transactions to determine the totals for each transaction and activity. Then determine which report they will be presented in and in which grouping or classification as per the class exercises.

Reference no: EM131217272

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len1217272

9/23/2016 2:42:40 AM

Identify financial information related to international business activity and separate from domestic business activity for reporting and compliance purposes. Collect relevant current financial data, convert to currency used in report, and evaluate and code to ensure consistency, quality and accuracy in accordance with organisational requirements.

len1217272

9/23/2016 2:42:33 AM

The ability to: Compile financial information, financial management skills to report on international finances with integrity and financial probity, literacy skills to write complex financial reports, numeracy skills to produce complex financial reports, technology skills to gather, store, use and report on financial information. And Knowledge of: organisational procedures and requirements relating to compliance issues and financial reporting, principles of accounting and financial systems product or service knowledge for the products/services being marketed and traded by the organisation internationally sources of information to facilitate compliance with relevant international finance regulations.

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