Higher Nationals (RQF) - Assessment Decision Feedback Form

GRAFTON COLLEGE

Programme: Title
Unit No. Unit No. Financial Accounting
Assessment No. Assessment No.
Target learning aims LO1, LO 2, LO 3 and LO 4
Assessor Mr. Mati Ullah
Due Date Oct 19,2020 Due Date Oct 19, 2020
Resubmission Due Oct 26, 2020 Resubmission Oct 26, 2020
Due Date
Date
Student ID Student Name Anas Waheed
Batch Code Batch Code

Referred Pass Merit Distinction Similarity index %

( compulsory)
Unit Final Grade 

LO1: Record business transactions using double entry book- keeping, and be able to extract a trial balance

Assessor Feedback:
Student demonstrated sound understanding of Accounting and related concepts and pinned down
beautifully, Lerner explained types of accounting and regulatory framework including GAAP and IFRS
and need of these regulatory standards is emphasized. Lerner also defined basic elements of
accounting along with brief introduction of single entry and double entry. In order to meet the passing
criteria Lerner incorporated an example of sole trader’s business transactions and see it through
Journal entry to trial balance.
Formatting needed to be improved for presenting batter visuals of assignment
Grade: P

Pass
LO2: Prepare final accounts for sole-traders, partnerships and limited companies in accordance with appropriate
principles, conventions and standards

Assessor Feedback:
Learner wrote about financial reports and purpose of reporting, he also defined Financial
Statements and its major types, while explaining different financial statements learner also explain
different components and essentials of each type of financial statement. Learner also mentioned
concept of accruals and prepayments. He incorporated two set of financial statements to exabit
understanding numerical questions.
Grade: P

Pass
LO3: Perform bank reconciliations to ensure company and bank records are correct

Assessor Feedback:
In this section Student learned about reconciliation and defined bank reconciliation terminology and
procedure obtained for bank reconciliation. In order to demonstrate his understanding of the process
learner included an example of bank reconciliation statement of Wright Inc. and made necessary
adjustments to reconcile the records kept at company and bank. By doing so learner met the passing
benchmark.

Grade: P

Pass

LO4: Reconcile control accounts and shift recorded transactions from the suspense accounts to the right accounts

Assessor Feedback:
Learner Explained the formation of control account and its importance in General Ledger by
considering a example of Company’s receivables. Learner explained suspense account and passed
Journal entries to cover the concept. First he booked entry in suspense account and then he cleared
the suspense account by passing the reverse entry, so the balance hits its original account head.

He should have included control account reconciliation process as well with his example

Grade: P

Pass

General Comments / Action Plan:

Learner prepared his assignment which depicted his knowledge and understanding of accounting concepts and conventions
but his presentation lacks proper Formatting which showed his little knowledge of Ms. office

Guidance for future Improvements:

 Assessor Signature:

Resubmission Feedback:

Grade:

Assessor Signature: Date:

Internal Verifier’s Comments (if applicable):