Preparing Financial Statements
Timeline
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March 1, 2021Experience start
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March 10, 2021Project Scope Meeting
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May 5, 2021Midway Check-In
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July 20, 2021Presentation
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July 31, 2021Experience end
Timeline
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March 1, 2021Experience start
-
March 10, 2021Project Scope Meeting
Meeting between lecturer, students and company to confirm: project scope, communication styles, and important dates.
-
May 5, 2021Midway Check-In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 20, 2021Presentation
Students present virtually to the industry partner.
-
July 31, 2021Experience end
Experience scope
Categories
Accounting Data analysisSkills
business consulting data analysis financial performance measurement accountingBeginning in March, RMIT students in Melbourne, Australia will prepare financial statements for your business or dealing with accounting issues related to the accounting standards that may arise in your business. These activities give students a learning opportunity and providing you with an opportunity to assess talent for your hiring pipeline.
Learners
Final deliverables will consist of the choice of dealing with accounting transactions in accordance with the accounting standards, a group financial statement report. The report should address the following:
- How to deal with accounting transactions in the standards, for example, PPE, Intangible assets.
- Does the company have a net profit or a loss? What is causing the profit or loss?
- Are the assets greater than the liabilities or vice versa?
- Does the company have a favorable capital amount?
- Which business activities contributed to cash increase/decrease?
Project timeline
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March 1, 2021Experience start
-
March 10, 2021Project Scope Meeting
-
May 5, 2021Midway Check-In
-
July 20, 2021Presentation
-
July 31, 2021Experience end
Timeline
-
March 1, 2021Experience start
-
March 10, 2021Project Scope Meeting
Meeting between lecturer, students and company to confirm: project scope, communication styles, and important dates.
-
May 5, 2021Midway Check-In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 20, 2021Presentation
Students present virtually to the industry partner.
-
July 31, 2021Experience end
Project Examples
Requirements
This project may include, but is not limited to:
- Decision making in accounting
- Accounting standards and regulations (for example: lease, PPE, Intangible assets, preparing group account financial statements).
- Reporting on Social and Environmental performance.
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Additional company criteria
Companies must answer the following questions to submit a match request to this experience:
Timeline
-
March 1, 2021Experience start
-
March 10, 2021Project Scope Meeting
-
May 5, 2021Midway Check-In
-
July 20, 2021Presentation
-
July 31, 2021Experience end
Timeline
-
March 1, 2021Experience start
-
March 10, 2021Project Scope Meeting
Meeting between lecturer, students and company to confirm: project scope, communication styles, and important dates.
-
May 5, 2021Midway Check-In
Meeting between students and organization to ensure that progress is on track halfway through completion.
-
July 20, 2021Presentation
Students present virtually to the industry partner.
-
July 31, 2021Experience end