Prepare a reporting template for nfp

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Reference no: EM131040899 , Length: word count:1250

1. For each task below, explain how theories, concepts, models, frameworks and/or technical competencies, from the accounting major(s) have applied. In your discussion you should:

Task 1: Prepare a Reporting Template for NFP (Not-For-Profit) tier 2 Reporting (300 words).

Task 2: Preparing Financial Reports on Accountants Office (300 words).

Task 3: Record Keeping - write about tax requirement, Companies Act Requirementsfor record keeping (300 words).

2. Think back on the course content you have covered during your previous studies at level 6 & 7. Discuss and reflect on any gaps or differences between your theoretical knowledge from your accounting major(s) and the application in practice throughout your work placement when completing your tasks. An example could be where your organisation has adapted or modified a model or framework to suit their needs.If you have not identified any gaps or differences you should reflect on the reason why e.g. the effectivnessof the theory you are applying (350 words).

I have not identified any gaps or differences between my theoretical knowledge and application in practice through my work placement when completing the following tasks. You are required to reflect on the reason why e.g. explain the effectiveness of the theories for each task below.

Tasks:

• Preparation of GST Return

• PAYE Returns

• Collation and Preparation of Income and Rental Statements.

Reference no: EM131040899

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