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Accounting Level 2 Assignment 1

This document provides instructions for a formative assessment assignment for trainees in the Basic Account Works TVET program. The assignment covers 8 units of competency and requires trainees to answer 15 questions in detail related to workplace relationships, financial services, business technology, customer service, taxes, financial markets, communication, data vs. information, teamwork, communication barriers, the role of the National Bank of Ethiopia, and financial markets. Trainees are also asked to calculate interest and maturity values for a note, and the net salary of an individual after tax withholding. The goal of the assignment is to evaluate trainees' understanding of core competencies and prepare them for certification of competency exams.

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243 views2 pages

Accounting Level 2 Assignment 1

This document provides instructions for a formative assessment assignment for trainees in the Basic Account Works TVET program. The assignment covers 8 units of competency and requires trainees to answer 15 questions in detail related to workplace relationships, financial services, business technology, customer service, taxes, financial markets, communication, data vs. information, teamwork, communication barriers, the role of the National Bank of Ethiopia, and financial markets. Trainees are also asked to calculate interest and maturity values for a note, and the net salary of an individual after tax withholding. The goal of the assignment is to evaluate trainees' understanding of core competencies and prepare them for certification of competency exams.

Uploaded by

Surafel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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QUEENS’ COLLEGE

TVET PROGRAM
FORMATIVE ASSESSMENT (20 %)
KNOWLEDGE AND PRACTICAL PACKAGE
ASSIGNMENT ONE
Trainee’s Name:
ID No.:
Occupation/Department: Basic Account Works
Section:
Entry & Level: 2012 E.C Entry , Level II Trainees’
Please Circle On Your Division: Regular, Extension
Please Write your trainer’s name:
Lists of unit of competencies covered  EIS BAW2 01 0812 Up To EIS BAW2 07 0812
in this assessment:

CAMPUS :
Sector Infrastructure
Sub sector Business and finance
Occupational standard Basic Account Works (BAW) level II

General Directions:
Dear trainee, in doing your individual assignment successful, you have to:-
 Devote your time and submit the assignment up on the schedule.
 Create interdependence and build individual responsibility and accountability.
 Use your comprehension to complete the assignment.
 Examine your capacity for COC exam by doing this assignment by yourself.
 Explain your idea briefly and clearly, neatness is expected.
 You can refer your note book and different supporting resources.

Be Beautiful! Be Smart! Be Stylish! But, Protect Yourself From Covid-19 Virus!


I. Discuss the following questions in detail

1. Describe how to workplace relationship with others?


2. List examples of financial service sector?
3. Write down the advantages of business technology?
4. Describe how to provide customer service?
5. Define the meaning of tax?
6. What are the purposes of financial markets?
7. Briefly the meaning of communication?
8. List the difference between data and information?
9. Write the advantages of work in a team?
10. list minimum 4 communication barriers in the work place
11. Write the role of national bank of Ethiopia?
12. Describe the importance and limitations of financial markets?
13. Describe how to maintain business technology?
14. Br 12,000, 10% interest, 4 months note dated June 5

Required: calculate the interest, the maturity value and determine the due date of each note

15. ATO kebede received a salary of ETB 700 during the year January 2005. Compute the tax liability
and the amount received by him after the withholding of tax by the employer form his salary.

Required: calculate Net salary received ato kebede?

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