FNSACC504 Prepare Financial Reports 

Delivery And Assessment Guide

Delivery and Assessment Guide

Northern Sydney Institute School of Business and Finance


Table of Contents

Facilitator Contact Details

Facilitator Name: Elena Salgueira

Email Address: Elena.Salgueira@tafensw.edu.au

FNSACC504 Prepare Financial ReportsFNSACC504 Prepare Financial Reports

Study Program 

The Delivery and Assessment table below provides you with a study guide to help you complete the unit within a 16 week semester. At the end of each eight weeks you should be ready to submit an assessment and be able to gain valuable feedback on your progress through the unit.

For each chapter in the assessment guide – read the chapter first and or walk through the Powerpoint for the relevant topic (these are located in the Supplementary Learning Material from the Learning Program section ).

Then work through the self test questions (the solutions for these are at the end of each chapter) and work as many even numbered end of chapter questions that you feel you need to until you have a reasonable grasp of each topic.

Remember the even numbered question solutions can be found at the Learnnowbiz website. If you are asked for a password – the password is the last four digits of the ISBN number of the edition of the textbook you are using.

Before you attempt Assessment 1 and 2 you should use some of the sample past exam papers to help you prepare and revise your work.


The following resources are required for this unit:

ResourceAdditional Information
Calculator:Any calculator

It is recommended that students at least complete Self-Test questions and even numbered end of Chapter questions for all topics. Solutions to even numbered questions at the end of each chapter

Delivery Schedule

Week NumberContent
1Introduction to Company Accounting – Overview of shares, debentures and other debt instruments
2Conversion to a company
3Conversion to a company and reserves, provisions and dividends
4Reserves, provisions and dividends
5Reserves, provisions and dividends
6Accounting for Income Tax
7Accounting for Income Tax
9Assessment 1 FNSACC504Topics from week 1 – 8  Result AC / NC
10Cash flow statements
11Report presentation
12Report presentation and impairment of assets
16Assessment 2 FNSACC504  – Topics from Week 11 – 15 Result AC / NC

Assessment 3 Unsupervised Assessment Result AC / NC

Additional Assessment Information

Finding out resultsOther than from your teacher, unit results may also be accessed using your log-on to Student e-Services. You should have received information about how to register for Student e-Services when you enrolled.
Dispute of Mark/gradeIf you do not agree with the mark/grade given for your assessment, you may appeal the assessment decision. You should first discuss the assessment result with your teacher. If you are not satisfied with the outcome of that discussion you can access the appeal process through the staff in the campus administration office.
Reasonable Adjustment


If you have a permanent or temporary condition that may prevent you successfully completing the assessment task(s) you should immediately talk with your teacher about ‘reasonable adjustment’. This is the adjustment of the way you are assessed to take into account your condition and may include providing a support person or extra time. The assessment criteria cannot be altered.
Recognition of Prior Learning (RPL)All TAFE students are eligible to apply for credit for previous formal, informal and non-formal learning. Refer to the Training and Education Support website for information about Credit pathways (Articulation, Credit transfer and Recognition of Prior Learning (RPL).  There is also a brochure widely available throughout the campus on RPL.
Policy on Late Assessment


Each case of student absence from an assessment event, or late submission of an assessment event, will be considered by the teacher on an individual basis. Students should endeavour to notify their teacher in advance where an absence will prevent them from attending, or submitting, a planned assessment event (e.g. class test, presentation, project, report, portfolio or assignment).  Unexpected absence and/or late submission due to illness, work commitments and/or other unforeseen misadventure MUST be supported by documented evidence (e.g. medical certificate, statements from employers etc.). If you fail to adequately notify and/or explain your absence/late submission penalties may apply as follows:

1.      If a student is late handing in an assessment event the following penalties may apply:

a.      Penalty A – if the assessment event is up to 7 days late the total mark is reduced by 15% OR the grade is reduced by one level, for example reducing a Distinction to a Credit or a submission may be eligible for a Pass grade only. Note: In Pass/Fail (or Ungraded Competency) units, penalty A will not apply.

b.      Penalty B – if the assessment event is more than 7 days late the mark is reduced to a zero OR the grade is reduced to a Fail/Not Competent for this event.

2.      No penalty will apply if the student has an acceptable reason and negotiates a new date with the teacher before the original due date, or if it is not possible, at the first attendance after the event or within 7 days (whichever is the sooner). The negotiated or revised date will become the due date and Penalties A or B (see above) will apply if the assessment event is not submitted by the revised due date.  If extension is not accepted the original due date applies and the penalties will be as outlined.

3.      If the student does not attend a class test, presentation or other classroom-based assessment event on a negotiated date, Penalty B may apply.

4.      Failure in one particular assessment event may not necessarily mean a Fail in the unit.  Is there a penalty for late submission of assessment tasks?  What is the procedure if a student is absent on the day of an assessment event? For information about assessment in TAFE please see “Every Student’s Guide to Assessment in TAFE NSW” which was offered at enrolment and is available on the TAFE internet site at

Policy on PlagiarismDefinition: Plagiarism involves using the work of another person and presenting it as your own.

A STUDENT WILL BE GUILTY OF PLAGIARISM if they do any of the following in an assignment, or in any piece of work which is to be assessed, without clearly acknowledging their source(s) for each quotation or piece of borrowed material:

a)      copying out part (s) of any document or audio-visual material, including computer–based material;

b)      using or extracting another person’s concepts, experimental results, or conclusions;

c)      summarising another person’s work;

d)      in an assignment where there was collaborative preparatory work, submitting substantially the same final version of any material as another student.