Case Study 1: Accountability Now

SCENARIO

Accountability Now is the leading Chartered Accounting Firm in Cascade Peak. They provide accounting and bookkeeping services, tax compliance assistance, and professional specialist advice.

The board of Accountability Now will soon be holding their Annual General Meeting. The meeting will include a discussion on the financial performance of the company. As one of the senior bookkeepers in the firm, you have been tasked to create a Profit and Loss Summary to facilitate this discussion.

For this specific report, the following information must be included:

Graphs and/or charts you have created from the Profit and Loss Summary:

oA column chart that shows the Expenses, Income, and Net Profit for 2016.

oA column chart that compares the Expenses, Income, and Net Profit for 2015, 2016, and 2017 (Projected).

oEach chart must be referenced as a footnote in the document. The references should be the sources of data that you used to create the charts, i.e. The Profit and Loss Summary.

Information contained in the bookkeeper's letter.

The 2015 and the 2016 Profit and Loss Statements.

These required files can be found in the Accountability Now site.

(username: newusernamepassword: newpassword)

On top of following Accountability Now's policies and procedures for developing business documents, the guidelines outlined on the previous page must also be observed.

This workbook will guide you through the necessary steps to successfully complete your task. Take note of the designated timelines in the policies and procedures.

Your assessor will act as your supervisor throughout this case study.

Step 1 - Select and Prepare Resources

This step requires you to identify and prepare all the resources you will need to produce the Profit and Loss Financial Report.

To document your successful completion of this step, use the planning document provided through the link below:

Planning Document

Fill out all the fields in the document. For fields that are not applicable, write "n/a". Any request for additional information or required resources must be requested for in the "Other comments" section.

Save this file as shown below:

BSBITU306 - Case Study 1 - Planning Document

Once completed, upload this to your cloud storage folder.

There is no need to print out this document. The first draft of the financial report is due within seven (7) working days after receiving approval from your supervisor to create the draft.

Step 2 - Design Document

This step requires you to design the financial report you planned in Step 1.

Upon receiving the confirmation from your supervisor, begin creating your draft.

Make sure that you have followed the basic design principles and all the relevant policies and procedures stipulated by Accountability Now. Also, make sure that all the required information for this financial report is included.

Save this file as shown below:

BSBITU306 - Case Study 1 - Draft

Step 3 - Produce the Document

1.Upon completing the draft in Step 2, upload it to your cloud storage folder. Make sure to observe the timeline stipulated in the relevant policies and procedures.

You are required to gain approval for your draft from your supervisor before you prepare the final copy.

Upon receiving your supervisor's email concerning your draft, save the email as a document with the file name as shown below:

BSBITU306 - Case Study 1 - Supervisor's Feedback

Guidance: Refer to the Accountability Now Policies and Procedures for Developing Business Documents for when the final draft must be submitted.

1.Provide at least two (2) of the following that you sourced online to resolve issues or difficulties while creating the spreadsheets.

a.Manual

b.Training booklet

c.Helpdesk

For each document you sourced, provide the following:

a.Link to the exact page containing the information that helped you resolve the issue(s) or difficult(ies).

b.The issue you encountered while creating the document.

Link to exact page

Issue or difficulty that was resolved

Manual

Training booklet

Helpdesk

Step 4 - Finalise the Document

Upon receiving your supervisor's feedback in Step 3, amend the suggested corrections, if any. Once you have proofread and modified your document, save the final version of the financial report as shown below:

BSBITU306 - Case Study 1 - Final Draft

then print it out.

Upload the soft copy to your cloud storage folder. Present the hard copy to your supervisor.

For candidates studying in the distance education option, submit a PDF version of the financial report and a photo of the printed documents to your supervisor instead.