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  • Accounting Level II - Third Term Assignement I

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    Edom
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    This document contains two projects assessing competencies in personal finance and debt management. Project one provides personal budget data for Ato Chala Desta and tasks the trainee to [1] prepare budget and performance reports, [2] calculate savings percentages and discuss savings benefits, and [3] calculate repayment for a 200,000 birr loan at 12% annual interest. Project two describes Coca-Cola taking a 9 million birr loan at 13% interest for facility expansion, paid in monthly installments over 5 years. Tasks include [1] calculating first year interest and service fees, [2] total 5 year service fees, [3] discussing credit advantages and disadvantages, [4] distinguishing secured

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    Accounting level II - third term assignement I

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    This document contains two projects assessing competencies in personal finance and debt management. Project one provides personal budget data for Ato Chala Desta and tasks the trainee to [1] prepare budget and performance reports, [2] calculate savings percentages and discuss savings benefits, and [3] calculate repayment for a 200,000 birr loan at 12% annual interest. Project two describes Coca-Cola taking a 9 million birr loan at 13% interest for facility expansion, paid in monthly installments over 5 years. Tasks include [1] calculating first year interest and service fees, [2] total 5 year service fees, [3] discussing credit advantages and disadvantages, [4] distinguishing secured

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    568 views3 pages

    Accounting Level II - Third Term Assignement I

    Uploaded by

    Edom
    This document contains two projects assessing competencies in personal finance and debt management. Project one provides personal budget data for Ato Chala Desta and tasks the trainee to [1] prepare budget and performance reports, [2] calculate savings percentages and discuss savings benefits, and [3] calculate repayment for a 200,000 birr loan at 12% annual interest. Project two describes Coca-Cola taking a 9 million birr loan at 13% interest for facility expansion, paid in monthly installments over 5 years. Tasks include [1] calculating first year interest and service fees, [2] total 5 year service fees, [3] discussing credit advantages and disadvantages, [4] distinguishing secured

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 3

    QUEENS’ COLLEGE

    TVET PROGRAM
    INSTITUTIONAL SUMMATIVE MODEL COC 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 , Weekend
    Please Write your trainer’s name:
    Lists of unit of competencies covered  EIS BAW 2 08 0812 Develop and use a personal budget
    in this assessment:
     EIS BAW 2 09 0812 Develop and use a saving plan
     EIS BAW 2 10 0812 Develop Understanding of Debt and
    Consumer Credit

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

    General Directions:
    Deartrainee, 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 capacityfor 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.

    1
    Be Beautiful! Be Smart! Be Stylish! But, Protect Yourself From covid-19!

    Project one:

    The following data is given for personal income expenditures plan and actual expenditures of
    Ato Chala Desta for the month of Sene 2011 E.C

    S/No Descriptions Estimated Budget Sene 2011 Actual Budget Sene 2011
    1 Food &Related Cost 3,000 3,100
    2 Clothing 1,950 1,700
    3 Salary 5,400 5,400
    4 House Rent 2,000 2,000
    5 Par time 2,500 2,200
    6 School Fee 1,650 1,650
    7 Utility Fee 1,050 1,050
    8 Personal Saving

    Using the above information

    Task 1.1. Prepare Budget report for the month of Sene 2011

    Task 1.2. Prepare personal budget performance report for the month of Sene 2011

    Task 1.3. Calculate the budget and Actual personal saving percentage and what are the
    advantage of saving in general?

    Task 1.4. Assume Ato Chala Desta borrowed birr 200,000 to be repaid at a lump sum at one
    year with in interest rate 12% of per annual . Calculate total amount that should be collected
    from Ato Chala Desta at the end of the year.

    2
    Project Two: Coca- Cola Company want to invest for expansion of existing products in Sebeta
    Town. The total Capital needed for expansion of the project birr 9 million to achieve the plan 25%
    of the capital covered by loan from Commercial bank of Ethiopia .The company agreed to
    borrowed loan at interest rate 13 % paid monthly at equal installment for Five years and service
    charge 6% the total loan amount equally distributed for five year.

    Task 2.1. Calculate the total interest expense &service charge at the end of the first year

    Task 2.2. Calculate the total service charge at the end of the five year

    Task 2.3. Demonstrate the advantages and disadvantages of credit

    Task 2.4. Differentiate between unsecured and secured loans

    Task 2.5.Demonstrate the Implications of establishing a poor credit history

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