You have decided that you would like to become a bookkeeper or an accountant, however you are unsure whether you have the required skills. To determine this, you must answer the following questions.

1. What qualifications and accreditations are needed to become a bookkeeper or accountant?

1. How the role and responsibilities differ between an accountant and a bookkeeper?

1. What requirements need to be met to renew a BAS registration?

1. Where can you check what professional education is acceptable for BAS registration? What is the CPE-hours requirement?

1. List 6 professional development activities that would satisfy BAS registration.

Case Study 2

Congratulations, you have now completed the Certificate IV in Accounting and Bookkeeping from North Metropolitan TAFE. Since completing your certificate you have been hired as a bookkeeper for a company called, Little Pear Juice Co. Using the policies and procedures manual for Little Pear Juice Co and your own internet research complete the following tasks:

1. Who are the internal and external stakeholders of the business?

1. Summarise the purpose of the business and what is important to them.

1. What are the future needs of the business based on the following proposed changes?

1. Currently all accounts information is recorded in a spreadsheet. The business wants to convert to a computerised accounting system.
2. The business wants to expand the business internationally and anticipates two more employees to handle online sales.

1. To be successful in your job you are going to need a network for advice and services that either you or upper management can utilise when applicable. Create a detailed list of different specialist information providers that can be contacted in relation to specific issues.

1. There is currently no 'Duties of the Bookkeeper' statement in the policies and procedures manual. Management are unsure what the roles and responsibilities are for bookkeepers and have asked you to produce a list of tasks that do and do not fall within your role. Include activities that are beyond the scope of a bookkeeper and who, on the network list, could assist.

1. Currently the company only receives feedback verbally from customers. Head Office would like a feedback system introduced. Create a Policy and Procedure guide accompanied with a feedback form that will allow head office to capture customers opinions on range, type and quality of service.

1. What ethical guidelines exist in the policies and procedures manual that apply to your job role? List any other industry codes of practice and ethics codes that you must use in relation to your role and responsibilities. Provide some of the important values covered in each code.

Case Study 3

You have now worked at the Little Pear Juice Co. and your manager would like to confirm that you understand the current compliance requirements as a bookkeeper. As a result she has asked you to complete the following tasks:

1. Make a list of websites that you could access to assist with sourcing current information relevant to your role. Briefly comment on how each can assist your role.

1. List and comment on any legislation, regulations, and standards that affect your role and responsibilities.

Case Study 4

Your manager has now approached you about implementing a computerised system into the business. You need to conduct your research and write a report that answers the following questions:

1. What is the computerised system being proposed and how will it improve business operations?

1. List any changes that need to be made to the current Little Pear Juice Co. Policies and Procedures to accommodate this change.

1. When and how often should the system and supporting documentation be reviewed?

What are some of the consequences for the business if a regular review is not conducted?

Case Study 5

You are now working as a bookkeeper for a group of accountants based in William Street, Northbridge. Your manager has provided you will the following information:

Scenario

Mary and Nicholas are the only shareholders in Natural Cosmetics Co Pty Ltd. The business sells low-allergy cosmetics to retailers on a credit basis. Nicholas is not involved in the day-to-day operations of the business.

Mary runs the business with the assistance of 5 employees. Mary freights goods around Australia and overseas. As a reward for her hard work, Mary would like to draw a wage from the business. She would also want a regular update on the most profitable lines that she carries, in particular women's cosmetics, men's cosmetics, bathroom products and hand creams.

Provide relevant information on the following questions:

1. What type of business is Mary operating?

1. What is the business structure?

1. What accounting subsystems would be required?

1. Outline the compliance requirements facing Mary, including the GST compliance issues.

Answer rating: 100% (QA)

To address the questions provided Ill provide concise responses to each question Case Study 1 1 Qualifications and Accreditations To become a bookkeeper or accountant qualifications such as a Certific... View the full answer