CPPREP4125_AE_CS_1of3_LMS feedback 2

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School

TAFE NSW - Sydney Institute *

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Course

4125

Subject

Accounting

Date

Feb 20, 2024

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docx

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Uploaded by ProfessorBraveryFly14

se study assessment 1 of 3 (Property Management) Criteria Unit code, name and release number CPPREP4125 - Transact in trust accounts (1) Qualification/Course code, name and release number CPP41419 - Certificate IV in Real Estate Practice (1) Student details Student number Student name Siqi Zhang Assessment declaration This declaration only needs to be completed if you are not submitting your assessment online.  This assessment is my original work and no part of it has been copied from any other source except where due acknowledgement is made.  No part of this assessment has been written for me by any other person except where such collaboration has been authorised by the assessor concerned.  I understand that plagiarism is the presentation of the work, idea or creation of another person as though it is your own. Plagiarism occurs when the origin of the material used is not appropriately cited. No part of this assessment is plagiarised. Student signature and date Siqi Zhang 15/11/2023 Document title: CPPREP4125_AE_CS_1of3_LMS Page 1 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

Version: 20210826 Date created: 26/7/2021 For queries, please contact: Business and Technology Skills Point Ultimo © 2020 TAFE NSW, Sydney RTO Provider Number 90003 | CRICOS Provider Code: 00591E This assessment can be found in the: Learning Bank The contents in this document are copyright © TAFE NSW 2020, and should not be reproduced without the permission of the TAFE NSW. Information contained in this document is correct at time of printing: 12 February 2024. For current information please refer to our website or your teacher as appropriate. Document title: CPPREP4125_AE_CS_1of3_LMS Page 2 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

Assessment instructions Table 1 Assessment instructions Assessment details Instructions Assessment overview The objective of this assessment is to assess your knowledge and performance as would be required to conduct transactions in real estate trust accounts. Assessment event number 1 of 3 Instructions for this assessment This is a case study assessment and will be assessing you on your knowledge and performance of skills required by the unit. This assessment is in one part: Part 1: Property management case study (5 tasks) The assessment also contains an assessment feedback form Submission instructions Where possible, complete and submit this assessment online via the TAFE NSW online learning platform. Upload all the required assessment files in the assessment area on the online learning platform. Alternatively, hand all required assessment files to your assessor for marking. Make sure you have added your name to the bottom of each page of the assessment. It is important that you keep a copy of all electronic and hardcopy assessments submitted to TAFE NSW and complete the assessment declaration when you submit the assessment. What do I need to do to achieve a satisfactory result? To achieve a satisfactory result for this assessment, you must answer all questions correctly. What do I need to provide? Computer with Microsoft WORD, calculator and note paper for transaction calculations Document title: CPPREP4125_AE_CS_1of3_LMS Page 3 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

Assessment details Instructions What will the assessor provide? Access to this assessment. Due date and time allowed Your assessment due dates are in your Unit Assessment Guide (UAG) or Training Plan. The indicative time to complete the assessment is approximately 2 hours. Supervision This is an unsupervised assessment. Your assessor may ask for additional evidence to verify the authenticity of your submission and confirm that the assessment task was completed by you. Assessment feedback, review or appeals In accordance with the TAFE NSW policy Manage Assessment Appeals, all students have the right to appeal an assessment decision in relation to how the assessment was conducted and the outcome of the assessment. Appeals must be lodged within 14 working days of the formal notification of the result of the assessment. If you would like to request a review of your results or if you have any concerns about your results, contact your Teacher or Head Teacher. If they are unavailable, contact the student administration officer. Appeals are addressed in accordance with Every Student's Guide to Assessment. Document title: CPPREP4125_AE_CS_1of3_LMS Page 4 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

Part 1: Property management scenario To complete this part of the assessment, you will be required to read the scenario below. Once you have read the information, you are to complete your entries in the property management workbook in Appendix 1 and submit your completed property management assessment to your assessor for marking. Scenario: The senior property manager has asked you to enter and complete the following May transactions for Azure Beach Realty Group (ABRG). Task 1: Record property management transactions To complete this task, you will need to note the following:  The trust cash book, trust ledgers and trust trial balance are to be completed so that it complies with the Property and Stock Agents Act 2002 and the Property and Stock Agents Regulations 2014.  The next trust receipt number to be issued is number 101 and the next trust cheque number is 710 .  All trust monies are banked on the day of receipt.  All receipts are by EFT unless otherwise stated.  All payments are by cheque unless otherwise stated.  All transactions are GST free unless stated.  The first client ledger folio number is 110.  Use the same landlord ledger for more than one tenant.  Cross out any transactions not related to the trust account.  Calculate management fees on rent received only.  Balance the trust cash book and post to trust bank account. Document title: CPPREP4125_AE_CS_1of3_LMS Page 5 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

May transactions for property management 1. Enter the information into the property management workbook in Appendix 1 . Table 2 May transactions for property management Task No May 20XX Date Transactions 1.1 1.5.20xx  Obtained a new tenant, B. Moore, for landlord K. Street who paid two weeks rent in advance and four weeks bond by cheque made payable to the agent.  Details: Bond: $2000 Rent: $1000 (CHQ details: ANZ Sydney City) 1.2 3.5.20xx  Received one weeks rent $450 and $150 for water usage from J. English on behalf of H. Spicer . 1.3 5.5.20xx  Received two weeks rent, $1000, from O. Cromwell for owner Y. Burgess. Account number 113  (Rent period 5/5/xx-18/5/xx Inc. i.e. $1,000 in advance) 1.4 6.5.20xx  Paid Darkside Plumbing, $160, on behalf of the landlord K. Street. 1.5 7.5.20xx  Paid all funds held on behalf of Rental Bond board to the Rental Bond Board. 1.6 9.5.20xx  Received 1 week's rent of $450 by cheque, from J. English on behalf of H. Spicer . 1.7 10.5.20xx  Paid Office works for office supplies and printing. 1.8 12.5.20xx  The last cheque from J. English was dishonoured.  The tenant agreed to pay cash which was banked today. 1.9 16.5.20xx  Obtained a new tenant K Cross for a new landlord J. Bowers . Tenant paid $800 representing two weeks rent in advance and $1600 was paid directly to Rental Bonds Online . Document title: CPPREP4125_AE_CS_1of3_LMS Page 6 of 20 Resource ID: TBS_19_001_AE_CS_1of3_LMS STUDENT NAME: Siqi Zhang

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