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• # 101862
• Sat 04 Oct 2014 01:30 PM

Hi All, 

Can anyone help me Im totally stuck on Assignment 4, I have read right through the lesson about 3 times and can't get my head round the first requirement i.e statement showing the capital of the club.

Can anyone head me in the reight direction :) 

Nat

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• # 101865
• Sat 04 Oct 2014 03:25 PM

nat45 said:

“

Hi All, 

Can anyone help me Im totally stuck on Assignment 4, I have read right through the lesson about 3 times and can't get my head round the first requirement i.e statement showing the capital of the club.

Can anyone head me in the reight direction :) 

Nat

”

 G'day Nat,

Are we talking about the balance sheet?

• There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
  Donald Rumsfeld
  "Information is not knowledge" William Shakespeare.
  

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• # 101868
• Sat 04 Oct 2014 04:03 PM

Hi Thanks for coming back to me, Im stuck on Question 1 Moswell Bowling club, Just don't know where to start. 

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• # 101869
• Sat 04 Oct 2014 04:14 PM

Hi Konewone, Here is my email address natnat45@sky.com if you can help me in anyway.

kind regards 

Nat

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• # 101878
• Sun 05 Oct 2014 11:55 AM

nat45 said:

“

Hi Konewone, Here is my email address natnat45@sky.com if you can help me in anyway.

kind regards 

Nat

”

 Hi Nat,

Is that Level 3 new syllabus? It's just that I'm doing the old Level 3 syllabus.

Cheers

Norm

• There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
  Donald Rumsfeld
  "Information is not knowledge" William Shakespeare.
  

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• # 101879
• Sun 05 Oct 2014 12:17 PM

Hi Norm,

Im presuming its the old one, not to sure.

Nat

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• # 101880
• Sun 05 Oct 2014 12:47 PM

nat45 said:

“

Hi Norm,

Im presuming its the old one, not to sure.

Nat

”

 Hi again Nat,

My Level 3 Manual, Assignment Unit 4 is on Partnerships!

What I can gather from your question is it's to do with Non Profit Organisations?

If it's the case, then you're doing the new Level 3 Manual syllabus.

I don't know if I can help you but what's the full question they're asking

you to do?

Kind regards Norm

• There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
  Donald Rumsfeld
  "Information is not knowledge" William Shakespeare.
  

• 
  Quote
  

• # 101881
• Sun 05 Oct 2014 12:56 PM

nat45 said:

“

Hi Norm,

Im presuming its the old one, not to sure.

Nat

”

 Hi Nat,

Check this out below. It's from the forum july 2012 and may be of some help to you (I hope)?

Cheers

Norm

Plese could someone advise me on my assigement, Im doing level 3 assignment 4, Q1 Moswell bowling club.  Im doing the Ideal school level 3. There is following additional information is to be added which is fine but I have two dates start of year and end of year. 01/01/20xx through to 31/12/20xx  300                                 190    80                                   65 200                                  120                                            20 1,400                             2,300  Question, Do I use the 31/12/20xx figure for my working out or do I subtract  the 01/01/20xx from 30/12/20xx and use the figure remaining? Confused!!  Michelle
Tue 17 Jul 2012 05:44 AM
Theresa Associate CB.Cert Practice Licence 445 posts	Only just started the course and working on the first chapter but having flicked forward to assignment 4 I would suggest that the first column shows items related to the previous years accounts and the second column relates to the current year. Both must be taken account of according to the question. I don't know the work well enough yet to make suggestions as to how you answer the assignment, I suggest you ring or email Ideal Schools - you'll get a fast response to either, they are really good. ______________________ In memory of the man who gave me a dream  Alan Stenning 27.2.1933 to 11.4.2013  Miss you so much Dad  Who says dreams are for fools? My 'foolish dreams' are giving me a taxable income!
Tue 17 Jul 2012 08:16 AM
Brian @ Ideal Schools Accredited Training Provider 362 posts	Hi Michelle, The good student that Theresa is, she is absolutely correct. There are three stages to this question and you must use the additional infortmation provided as follows: 1 - To calculate opening capital use your bank & cash balances as at 1st jan and additional info at start of year. Use the accounting equation: Assets - Liabilities = Capital. 2 - Income & Expenditure a/c: As Theresa mentioned the balances as at start of year represent expenses that were left outstanding from the previous financial period. In the I&I a/c you post the values that have been incurred during this particular financial year so you must use the start of year & end of year figures and adjust accordingly. We provide guidance re the unpresented cheques and you should follow this format. 3 - For the year end balance sheet you need to use the end of year figures to draw up your final balances sheet. If you require any further quidance with this please call into the office and we'll help you out. ______________________ Brian McVean brian@idealschools.co.uk   Course Advisor/Tutor Ideal Schools, Glasgow 0141 248 5200 - 0800 028 1404 www.idealschools.co.uk
Thu 19 Jul 2012 06:48 PM
chellawson No Membership 50 posts	Thank you both so much for your advice. I will have another look at it and see how I get on.  Sometimes my mind just goes blank, I will let you know how I get on. Regards Michelle
Mon 13 Aug 2012 12:28 PM
ButterflyJak Member CB.Dip 56 posts	I'm having a real problem with this too, don't feel there's been enough practice and my mind has gone a complete blank.... Finding it quite frustrating as I flew through the other levels and am completely stumped now and the longer it goes on the more I forget! I'm thinking of going right back to basics again but don't really want to!
Mon 13 Aug 2012 05:30 PM
chellawson No Membership 50 posts	I dont think you need to go back to basic I think it is just this section because it is something that has not been covered.  ie unpresented cheque.  I know now its a liability burt in the first part just getting the initial balance correct is not easy I was sort of fine till it came to this assigment and because its a charity it has thrown me. I have tried it so many times now  and cant get past the first part, its so frustating At the beginning of the year I have a balance at the bank other items that need to be taken into consideration are payment for repairs (unpresented cheque), accrued payment for printing and then subscription which are due. Reciepts: Balance @ bank Prepayment - subscription due Payments: Unpresented chq Accrued - printing Then the balance would be the capital to put into the balance sheet. Not even sure if Im on the right track, think I might just submit what ive done and see how I go! Michelle
Mon 13 Aug 2012 07:16 PM
Theresa Associate CB.Cert Practice Licence 445 posts	chellawsonsaid: “I dont think you need to go back to basic I think it is just this section because it is something that has not been covered.  ie unpresented cheque.  I know now its a liability burt in the first part just getting the initial balance correct is not easy I was sort of fine till it came to this assigment and because its a charity it has thrown me. I have tried it so many times now  and cant get past the first part, its so frustating At the beginning of the year I have a balance at the bank other items that need to be taken into consideration are payment for repairs (unpresented cheque), accrued payment for printing and then subscription which are due. Reciepts: Balance @ bank Prepayment - subscription due Payments: Unpresented chq Accrued - printing Then the balance would be the capital to put into the balance sheet. Not even sure if Im on the right track, think I might just submit what ive done and see how I go! Michelle ” Why not phone or email Ideal Schools - Scot, Brian or one of the other tutors will take you through the assignment step by step if you need them to. ______________________ In memory of the man who gave me a dream  Alan Stenning 27.2.1933 to 11.4.2013  Miss you so much Dad  Who says dreams are for fools? My 'foolish dreams' are giving me a taxable income!
Mon 13 Aug 2012 07:32 PM
chellawson No Membership 50 posts	Will email my assignment and see how I have done. Michelle Edited at 13 Aug 2012 07:51 PM GMT
Tue 14 Aug 2012 08:15 AM
BlueStar Associate CB.Cert Practice Licence 14 posts	I got stuck on this Assignment too but I typed up everything I had done  - including my Balance Sheet which didn't balance, emailed Ideal Schools and they emailed me back the same day showing me where / why I had gone wrong. Personally I think I just got a bit confused over the way the question was laid out, but when they showed me where I was wrong it all made sense...don't get disheartened....I think the next Assignment is easier!!!

• There are known knowns. These are things we know that we know. There are known unknowns. That is to say, there are things that we know we don't know. But there are also unknown unknowns. There are things we don't know we don't know.
  Donald Rumsfeld
  "Information is not knowledge" William Shakespeare.
  

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