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Accounting
Assignment
Assessment task
This is the assessment task for the assignment Component of National 5 Accounting Course assessment. It must be read in conjunction with the general assessment information for this Component of Course assessment.
This edition: January 2015 (version 1.0)
The information in this publication may be reproduced to support SQA
qualifications. This publication must not be reproduced for commercial or trade
purposes. This material is for use by assessors.
© Scottish Qualifications Authority 2015
Valid for session 2014/15 only
National 5 Accounting component: assessment task
Introduction This is the assessment task for National 5 Accounting assignment.
This assignment is worth 50 marks out of the total of 150 marks for the Course
assessment. The Course will be graded A–D.
Marks for all Course Components are added up to give a total Course
assessment mark which is then used as the basis for grading decisions.
This is one of two Components of Course assessment. The other Component is a
question paper.
This document gives instructions for candidates.
It must be read in conjunction with the general assessment information for this
Component of Course assessment.
The assessment instructions for candidates are provided and should be
detached and given to the candidate.
The assessment task will be set and externally marked by SQA and conducted in
centres under the conditions specified by SQA.
Equality and inclusion This Course assessment has been designed to ensure that there are no
unnecessary barriers to assessment. Assessments have been designed to
promote equal opportunities while maintaining the integrity of the
qualification.
For guidance on assessment arrangements for disabled candidates and/or those
with additional support needs, please follow the link to the assessment
arrangements web page: www.sqa.org.uk/sqa/14977.html
Guidance on inclusive approaches to delivery and assessment in this Course is
provided in the Course Support Notes.
National 5 Accounting component: assessment task 1
Accounting
Assignment
This edition: January 2015 (version 1.0)
The information in this publication may be reproduced to support SQA
qualifications. This publication must not be reproduced for commercial or trade
purposes. This material is for use by assessors.
© Scottish Qualifications Authority 2015
Glen Spring
National 5 Accounting component: assessment task 2
Instructions for candidates This assessment applies to the assignment for National 5 Accounting.
This assignment is worth 50 marks out of the total of 150 marks for the Course
assessment. The Course will be graded A–D.
It assesses the following skills, knowledge and understanding:
making appropriate use of spreadsheets to complete the assignment
entering data with accuracy
selecting and using appropriate formulae, formatting and printing functions to present information
accurately completing all accounting work related to the context of the assignment
Your assessor will let you know how the assessment will be carried out and any
required conditions for doing it.
National 5 Accounting component: assessment task 3
You are an experienced Accounts Assistant working for Glen Spring, a
manufacturer of flavoured mineral water made in a variety of different flavours
and sourced from Highland Glens.
You have been assigned a number of Financial and Management Accounting
tasks by your line manager, Dawn MacAllister. Complete each task in the order
shown using the spreadsheet file Glen.
Apply VAT at 20% where appropriate.
Ensure your name appears on all printouts.
Assignment task
National 5 Accounting component: assessment task 4
Task Printouts Marks
Available
Completed ()
1 Ledgers Value view 18
2 Management Decision Making: Limiting Factors Value view
Formula view
10
3
3 Cash Budget Value view
Formula view
14
5
Total marks 50
National 5 Accounting 2015: Glen Spring
National 5 Accounting component: assessment task 5
Task 1
Use the documents/information on pages 5-7 to update the selected ledger accounts of
Glen Spring contained in the worksheet named Ledger.
Print one copy of the completed ledger in value view.
National 5 Accounting component: assessment task 8
Does this
Task 2
We currently sell only 2 different packs of our flavoured mineral water to wholesalers
and retailers across the country. Over the next few months it is anticipated that we
will be able to produce a higher volume of each pack due to an increase in available
labour hours. I’d like to calculate the maximum profit that could be earned from the
increase in labour hours.
Using the worksheet named Profit, I need you to calculate the following for the month
of May:
□ Available labour hours □ Maximum sales demand for each pack □ Contribution per unit for each pack □ Contribution per labour hour for each pack □ Labour hours required to meet maximum sales demand for each pack □ Labour hours to be used to maximise profits for each pack □ The number of units of each pack that can be produced from the available labour
hours □ The contribution earned from each pack and in total □ The maximum profit
Use appropriate spreadsheet formulae and the notes below to calculate the required
figures.
Print one copy of this completed worksheet in value view and formula view.
National 5 Accounting component: assessment task 9
1. Predicted bank balance on 1st May - £3,000.
2. All units produced in April to June are expected to be sold.
(i) 50% of all units will be sold on a cash basis with the remainder sold on one month’s credit.
(ii) Credit customers will receive a discount of 10% on the normal selling price.
3. Materials will be purchased in the same month as production and paid for one month later.
4. Labour and Variable Overheads will be paid for in the same month as production.
5. Fixed costs are expected to be 10% lower than the figure originally estimated for the month of May. Calculate the new fixed costs for May and June by linking to the appropriate figure in the worksheet Profit.
6. A new packaging machine costing £5,000 will be purchased in May. A 20% deposit will be paid in May, with the remainder paid in 2 equal instalments in June and July.
7. The old packaging machine will be sold in June – we expect to receive the full Net Book Value.
[END OF ASSIGNMENT]
Task 3
Following review of additional market research data received from our Marketing
department, we have decided to make vast changes to the products we sell. As of April
2015, we will only sell one pack of our products to wholesalers and retailers – Pack C.
I’d like you to prepare a cash budget to forecast the cash requirements of the business
for the months May and June.
Use the notes below to complete the Cash Budget using the worksheet named Budget.
Use appropriate spreadsheet formulae to calculate the required figures.
Print one copy of the completed Cash Budget in value view and formula view.
National 5 Accounting component: assessment task 10
Copyright acknowledgements
Assignment task introduction – Fruit smoothie - Artyzan / Shutterstock.com
(& Task 1 – Copy credit note)
Task 1 – Mixed fruit on Receipt - Elena Schweitzer / Shutterstock.com
Task 1 – Electronic media on Invoice - Angela Waye / Shutterstock.com
National 5 Accounting component: assessment task 11
Administrative information
Published: January 2015 (version 1.0)
History of changes Version Description of change Authorised
by Date
Copyright This document may be reproduced in whole or in part for assessment purposes
provided that no profit is derived from reproduction and that, if reproduced in
part, the source is acknowledged. If it needs to be reproduced for any purpose
other than assessment, it is the centre’s responsibility to obtain copyright
clearance.
Re-use for alternative purposes without the necessary copyright clearance may
constitute copyright infringement.
© Scottish Qualifications Authority 2015
National 5 Accounting component: assessment task 12
Instructions for teachers Teachers are reminded that information providing instructions for the conduct of coursework, an overview of the assessment task, evidence to be gathered and general marking instructions can be found on the SQA website’s page for National 5 Accounting, in the Assessment Support section under Coursework Information. Teachers are asked to ensure that all tasks submitted show the candidate’s name, centre and task number clearly displayed on each printout. Row and column headings and gridlines should be shown on each printout. Each task should have 2 printouts submitted: a Value view printout and a Formula view printout. If formulae are not visible in full in a Formula view printout, this may result in the candidate losing marks.
All tasks should be completed through the use of formulae (where appropriate)
and teachers should ensure that candidates are familiar with the spreadsheet
requirements outlined in the Course Assessment Specification.