FA Doc assiegnment docuements, Essays (university) of Compiler Design

Download FA Doc assiegnment docuements and more Essays (university) Compiler Design in PDF only on Docsity! HigherNationals Internalverificationofassessmentdecisions–BTEC(RQF) INTERNALVERIFICATION–ASSESSMENTDECISIONS Programmetitle Assessor InternalVerifier Unit(s) Assignmenttitle Student’sname Listwhichassessmentcriteri atheAssessorhasawarded. Pass Merit Distinction INTERNALVERIFIERCHECKLIST Dotheassessmentcriteriaawardedmatchtho seshownintheassignmentbrief? Y/N Isthe Pass/Merit/Distinction gradeawardedjustifiedbythe assessor’s comments on the student work? Y/N Hastheworkbeenassessedaccurate ly? Y/N Isthefeedbacktothestudent: Givedetails: • Constructive? • Linkedtorelevantassessmentcriteria? • Identifyingopportunitiesforimpro vedperformance? • Agreeingactions? Y/ NY/ N Y/ NY/ N Doesthe assessmentdecisionneedamending? Y/N Assessorsignature Date InternalVerifiersignature Date Programme Leader Date signature(ifrequired) * Please note that grade decisions are provisional. They are only confirmed once internal and external moderation has taken place and grades decisions have been agreed at the assessment board. Assignment Feedback Formative Feedback: Assessor to Student Action Plan Summative feedback Feedback: Student to Assessor Assessor signature Date Student signature Date General Guidelines 1. A Cover page or title page – You should always attach a title page to your assignment. Use previous page as your cover sheet and make sure all the details are accurately filled . 2. Attach this brief as the first section of your assignment. 3. All the assignments should prepare using a word processing software. 4. All the assignments should print on A4 sized papers. Use single side printing. 5. Allow 1” for top, bottom , right margins and 1.25” for the left margin of each page. Word Processing Rules 1. The font size should be 12 point, and should be in the style of Time New Roman. 2. Use 1.5 line word-processing. Left justify all paragraphs. 3. Ensure that all headings are consistent in terms of size and font style. 4. Use footer function in the word processor to insert Your Name, Subject, Assignment No, and Page Number on each page. This is useful if individual sheets become detached for any reason. 5. Use word processing application spell check and grammar check function to help editing your assignment. Important Points: 1. Check carefully the hand in date and the instructions given in the assignment. Late submissions will not be accepted. 2. Ensure that you give yourself enough time to complete the assignment by the due date. 3. Excuses of any nature will not be accepted for failure to hand in the work on time. 4. You must take responsibility for managing your own time effectively. 5. If you are unable to hand in your assignment on time and have valid reasons such as illness, you may apply (in writing) for an extension. 6. Failure to achieve at least PASS criteria will result in a REFERRAL grade . 7. Non-submission of work without valid reasons will lead to an automatic RE FERRAL. You will then be asked to complete an alternative assignment. 8. If you use other people’s work or ideas in your assignment, reference them properly using HARVARD referencing system to avoid plagiarism. You have to provide both in-text citation and a reference list. 9. If you were proven guilty for plagiarism or any academic misconduct, your grade could be reduced to A REFERRAL or at worst you could be expelled from the course. Student Declaration I hereby, declare that I know what plagiarism entails, namely to use another’s work and to present it as my own without attributing the sources in the correct way. I further understand what it means to copy another’s work. 1. I know that plagiarism is a punishable offence because it constitutes theft. 2. I understand the plagiarism and copying policy of the Edexcel UK. 3. I know what the consequences will be if I plagiaries or copy another’s work in any of the assignments for this program. 4. I declare therefore that all work presented by me for every aspects of my program, will be my own, and where I have made use of another’s work, I will attribute the source in the correct way. 5. I acknowledge that the attachment of this document signed or not, constitutes a binding agreement between myself and Edexcel UK. 6. I understand that my assignment will not be considered as submitted if this document is not attached to the attached. Student’s Signature: Date: (Provide E-mail ID) (Provide Submission Date) Activity 01. Record business transactions using double entry book keeping and be able to extract a trial balance (Covers LO 01 and P1, P2, M1, D1 ) XYZ PLC has begun professional practice as a system analyst on July 1. He plans to prepare a monthly financial statement. During July, the owner completed following transactions. July 1. Owner invested LKR 500,000 cash along with computer equipment that had a market value of LKR 120,000 two years ago, but was now worth LKR 100,000 only. July 2. Paid LKR 15,000 cash for the rent of office space for the month. July 4. Purchased LKR 12,000 of additional equipment on credit (due within 30 days). July 8. Completed a work for a client and immediately collected the LKR 32,000 cash. July 10. Completed work for a client and sent a bill for LKR 27,000 to be paid within 30 days. July 12. Purchased additional equipment for LKR 8,000 in cash. July 15. Paid an assistant LKR 6,200 cash as wages for 15 days. July 18. Collected LKR 15,000 on the amount owed by the client. July 25. Paid LKR 12,000 cash to settle the liability on the equipment purchased. July 28. Owner withdrew LKR 500 cash for personal use. July 30. Completed work for another client who paid only LKR 40,000 for 50% of the system design. July 31. Paid salary of assistant LKR 7000. July 31. Paid PLDT billLKR 1,800 and Meralco bill LKR 3,800. Requirement  Apply book keeping technique and develop relevant journal entries for given transactions.  Apply the double entry book-keeping system of debits and credits for above given transactions in general ledger.  Produce a trial balance applying the use of the balance off rule to complete the ledger.  Apply trial balance figures to show which statement of financial accounts they will end up in. Activity 02. Prepare final accounts for sloe traders, partnerships and limited companies in according with appropriate principles, conventions and standards. Part (A) – Sole Proprietorship Saman Trading is a sole proprietorship owned by saman. The trial balance of Saman Trading as at 31st March 2019 is as follows. Saman Trading Trial Balance as at 31st March 2019 Description Dr (Rs. ‘000) Cr (Rs. ‘000) Property Plant and Equipment (at cost) Land and Building 51000 Motor Vehicle 8800 Office Equipment 5500 Accumulated Depreciation as at 01st April 2018 Building 10000 Motor Vehicle 2880 Office Equipment 1080 Trade Recievables / Trade Payables 13000 15200 Purchases / Sales 30000 71000 Provision for doughtful debts as at 01st April 2018 1240 Stocks as at 01st April 2018 7700 Drawings 2400 Sales Commision 4300 Telephone and Electricity 7600 Insurance 3660 Salaries and Wages 13000 Bank loan - 14% 19000 Cash in hand 5240 Bank Overdraft 3800 Capital as at 01st April 2018 28000 152200 152200 Additional Information – 1. Land Value of Rs. 11,000,000 included in the Land and Building cost. 2. The deprecation policy of the Saman Trading is straight line basis on cost. Depreciation rates as follows. Building 5% Motor Vehicle 20% Office Equipment 12% 3. Closing Inventory as at 31st March 2019 was Rs. 6,900,000 4. The telephone and electricity bill of Rs. 710,000 for the month of march 2019 was not paid as at 31st March 2019. 5. Insurance expense of Rs. 1,060,000 is relevant for the next financial year of 2019/20. 6. Trade Recievables from Nuwan Distributors amounting Rs 300,000 to be written off as a bad debt and provision for doubtful debts to be made for the remaining receivable balance at the year end. (Rate 2%) 7. The bank loan was obtained on 01st April 2018, payable in two equal instalments with the interest It is due as at 31st march 2019.And it has been paid on 10th April 2019. You are required to prepare following – (a) Statement of Comprehensive Income for the year ended 31st March 2019. (b) Statement of Financial position as at 31st March 2019. Donations 30.00 Cash Balance 895.00 Bank overdraft 145.00 Additional information: Before preparing the financial statements for the year ending 31.03.2015 the following adjustments have to be made.  The cost of inventory as at 31.03.2015 has been valued at First in First out (FIFO) method.  A debtor of Rs. 80 000 from trade receivable amount as at 31.03.2015 was bankrupted on 10.04.2015 and out of this amount only 50% could be recovered. Further 10% on the remaining balance of trade receivable was decided to provide as doubtful debts.  An agreement was signed with an advertising company for two years by the company to promote the products on 01.04.2014. Rs 200 000 of paid amount for a period of two years was recorded in the advertising expense account.  All property, plant and equipment should be depreciated 10% on cost based on straight line method annually. All property, plant and equipment are used for administrative purpose.  Computers of Rs 400 000 which purchased on 01.10.2014 were recorded in the purchase account.  A machine was acquired on 01.04.2014 under a finance lease for a period of 4 years. A down payment of Rs 300 000 was paid on this date and it has been recorded in a lease deposit account. Annual lease installment of Rs 400 000 including of Rs 100 000 annual interest is to be paid at the end of each year. The bank loan was obtained on 01.04.2014.  It is reported that land revaluation loss of Rs 1 000 000 on 31.03.2015. because there is a highway in front of the land but no entrance was to the highway in near the land. The revaluation reserve consists of land revaluation surplus on 31.03.2010.  The building of the business was revalued for the first time on 01.04.2015 for it’s fair value of Rs 4 500 000.  It has been estimated that the income tax for the current year 2014/15 is Rs 220 000.  The employer and employee contribution to the EPF are 15% and 10% on gross salary and wages respectively and the employer contributes 3% to ETF. Only the net amount after reducing employees. contribution has been recorded in salaries and wages account.  It is decided to capitalized retained earnings 1/5th of the ordinary shares on 31.03.2015.  The following decisions have been made by the board of directors.  To pay a dividend of Rs. 1,500 000 to the ordinary shareholders of the company.  To Transfer Rs. 300 000 for the general reserve Requirement Prepare final accounts from given trial balance figures The final accounts should cover following statements;  Comprehensive income statement  Statement of Financial Position  Statement of Changes in Equity  Relevant Notes Part (D) – Cash Flow Statement Extractions of the summarized statement of comprehensive income and statement of changes in Equity for the year ended 31.03.2015 of Ruba PLC are as follows; Income Statement Rs. (‘000) Statement of changes in Equity Rs.(‘000) Balance as at 01.04.2015 540.00 Total comprehensive income 1,065.00 Dividends (605.00) Balance of retained earnings as at 31.03.2015 1,000.00 Additional information 1. Carrying amount of computer disposed on 01.04.2015 was Rs. 120,000.00 2. The depreciation of Rs. 300,000.00 was included in operating expenses 3. Following balances were extracted from the statement of financial position 4. Rs.120,000.00 worth of a photocopy machine was purchased during the period but it was not revealed under property plant and equipment during the year 5. Note that other current Rs. (‘000) 2015.03.31 2014.03.31 Ordinary share capital 15,500.00 15,000.00 Preference share capital 10,000.00 10,000.00 Property, Plant and equipment 7,700.00 8,000.00 Cash and cash equivalents 1,440.00 300.00 Loan interest receivable 40.00 50.00 Other current assests 3,200.00 2,900.00 Provision of income tax 150.00 100.00 Proposed dividends 200.00 250.00 Accrued loan interest 120.00 60.00 Trade Payables/Creditors 860.00 750.00 Sales 20,500.00 Cost of sales (14,000.00) Gross Profit 6,500.00 Other income (Fized deposit interest) 75.00 Operating expenses (3,500.00) Other expenses (Computer disposal) (50.00) Financial Expenses (Loan interest) (760. ) Profit before tax 2,265.00 Income tax (1,200.00) Profit for the period 1,065.00 assets include stocks worth 1000 and debtors/trade receivables worth 2200 as at 31.03.2015 and stocks worth 1500 and debtors/trade receivables worth 1400 as at 31.03.2014 Requirement Prepare Cash flow statement of Ruba PLC. Find the cash balance for the year ended by using relevant accounting formats. Part (E) Compare the essential features of each financial statement to analyse the differences between them in terms of purpose, structure, and content. Activity 03. Prepare bank reconciliations Part (A) The credit balance of the banks account of Araliya Business as at 31.03.2015 was Rs. 21,500.00. The book balance was not agreed with the bank statement on that date. The following information were revealed in the investigations. (i) Cheques deposit and date f realization are as follows Cheque number Deposit date Realization date Value (Rs) 043250 30th march 2015 2nd April 2015 4,500.00 215412 31st March 2015 3rd April 2015 33,500.00 721210 31st March 20150 3rd April 2015 16,000.00 (ii) The following deductions were made by bank from business as bank account Deduction type Value (Rs.) Cheque book charges 400 Overdraft interest 1800 Bank charges 450 (iii) Leasing installment of Rs. 20,000.00 was paid by bank on 20th March 2015 on standing order. But it has not been recorded in a bank account of the business. (iv) Cheques issued and dates of presented for the payment were as follows; Cheque number Deposit date Realization date Value (Rs) (v) The total of the purchase journal has been posted to the creditors control account as Rs. 603,000.00. Requirement Explain the process taken to reconcile control accounts and clear suspense accounts using given account examples.  Provide relevant control accounts with reconciliation statements should calculate to obtain the correct creditor balance. Grading Rubric - Pass Outcome(s)/criteria Achieved Feedback Outcome 1: Record business transactions using double entry book-keeping, and be able to extract a trial balance. P1. Apply the double entry book-keeping system of debits and credits. Record sales and purchase transactions in a general ledger. P2. Produce a trial balance applying the use of the balance off rule to complete the ledger. Outcome 2: Prepare final accounts for sole-traders, partnerships and limited companies in accordance with appropriate principles, conventions and standards P3. Prepare final accounts from given trial balance. P4. Produce final accounts for a range of examples that include sole traders, partnerships or limited companies Outcome 3: Perform bank reconciliation to ensure company and bank records are correct. P5. Apply the bank reconciliation process to prepare a number of bank reconciliations. Outcome 4: Reconcile control accounts and shift recorded transactions from the suspense accounts to the right accounts. P6. Explain the process taken to reconcile control accounts and clear suspense accounts using given account examples