PARADISE VALLEY COLLEGE ADOLA CAMPUS

 Project 1 maintain customers accounts and process transaction

TASK 1.1 process customer’s transition
 Assume that MR tola need to start a new merchandizing business in the next year Dec
31,2016 with a capital of birr 110250 if the deposit his money at bank of will allow him
an interest rate of 5% per year
A. Calculate amount that Mr. total should deposit to day (Jan 5,2015)
B. Calculate amount interest income at the end of (Dec 31,2016)
Task 1.2 work effectively in the financial service and sector
 Chala is a new employee joining Ethiopia electricity utility as accounting check and he
understood that the there are same information and activities he need to know about the
organization to the effective worker what are the possible information activities should
chala need to know about the organization to be the effective worker
Task 1.3 process customer accounts Ethio telecom was sing commercial bank of Ethiopia
nazret branch for deposit and the company need to close the exist ting the deposit and
open a new account at adama branch
A. What are the procedures required to closed the existing account
B. What are the procedure required to open the new account
Task 1.4 work effectively with other
 Ato Yahanes is permanent employee of methahara sugar factor
He was recruited as junior accounting check of that organization in cost department
yohanis recognized that the newly assigned job demands team working and he is finding
the way how he can optimize his capacity by working with other staffs
 What are the activities Ato Yohanis need to follow for the effectiveness of the team
members?
Task 1.5 understanding of debt and customer credit
In the Ethiopian the are many finial institution which are providing credit facility for
customers like cooperative banks.
Assume that you are the employee of this inanition what are the importance of proving customer
credit?
Project 2

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 Kiya plc. Is a famous merchandizing business which was engaged in purchasing and
using of various products located at Beshoftu town. As per the Ethiopian Tax Regulation
the plc is vat registered and during the month of Dec 2015 the following information are
related to the business activities of kiyaplc and assume that profit tax 30% and plc will
pay taxes to inland revenue on regular basic
1. Purchase of products for the months of Dec including vat birr 115000?
2. Sales made during the month the excluding vat birr 210000?
3. Employee payroll tax for the month December birr 15000
4. Business income before tax birr 90000
5. Excise tax birr 6000
Using the above in the candidates expected to perform the following tasks

Tasks 2.1 Determine the indirectly tax

Task 2.2.Determine the direct tax liability of the business for given month
Task2.3 understanding how to present tax to inland tax authority
A. Determine the tax total amount of taxes kiya plc will present to tax authority
B. When does the to indirectly tax will be present to tax authority
Project 3
Description Actual income $ expenditure Dec 2015)
Income
Salary income (net) 6000
Expenditure
Clothing 500
Food 2000
Entertainment 100
Utility 500
Personal expense 50
School fee 700
Cost sharing 100
Transaction 100
Other 150

 Using the above information the candidate is expedited to perform the following task

Task 3.1develop & use personal budget

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Assume that the salary income & expenditures will increase by 10% prepare budget
variance for January 2016
Task 3.2developing personal budget
Assume that expenditure will increase by 10% & no change in salary income prepare
budget plan for January 2016
Task 3.3 develop of saving plan assume that expenditure of December 2015 remains
unchanged in January 2016 & bills need to find other source of income in addition to her
salary to have birr 2000 saving amount in January 2016.
Calculate the additional amount her salary that bills need to financial for each saving of
birr 2000.
Task 3.4understanding of saving for the society?
What are the advantages of saving for society?
1st Project
Medical Device Factory imported materials with br. 2,500,000 from Japan Purchase local
material with br. 1,000,000 before VAT for production of gave for 2014 the local custom
authority charges customs duty br. 200,000. It is to the authority
The factory sold 30,000 gloves at br. 150 each before VAT including 2% sell
commission. The company paid br. 53,000 administrative expense and employment
income tax. Imported materials are exempted from VAT and withholding tax business
profit tax rate is 30%
Task 1 calculate the net profit
Task 2 calculate the direct tax
Task 3 calculate the indirect tax
Task 4 Identify relevant documentation for taxation
3rd project
Abebayehu is an employee of Elroyi Furniture Company fond in shashemene city Mobil
sefer. He earn net income birr 15,000. 25% of his total income is used to cover his fixed
cost and the remainder income is used to cover variable expense and saving. Saving is
15% variable expense.

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 PARADISE VALLEY COLLEGE ADOLA CAMPUS

The actual variable expense is 85% of budgeted variable expense. Fixed cost remains
constant. If the variable expense budget is deficit, deduct from personal saving and if
surplus add to personal saving.
His salary expected to increase by 20% on the month of February 2015.
Task 1. Prepare budget performance report for month of December 2014
Task 2. Develop personal budget report march 2015.
Task 3.calculate total saving and indentifying the relevant investment opportunities
Task 4. Identify investment related risk of personal saving
4th project Four
Assume you hired as ……… position in ….. bank, Your department provide a service of
………………………………………………………………………………………………
………………………………………………………………………………………………
………………………………………………………………………………………………
…………………………………………………………………………………………….
Tasks 1 identify your own role and responsibilities within the firm.
Task 2 Demonstrate your role work effective in financial service sector
Task 3 Demonstrate your role in the work place deficit
Project Two
DL Hotel proposed 10an to Dashen Bank three small alternatives
 The first option is to borrow 230,000 mortgage to be paid with 8 year at equal installment
at the rate of 15% semi annuals
 The second option and the third option are borrow 450,000 for 30 month at equal
installment rate 8year 13% and birr 300,000 for a year at equal installment at the rate
8year 12.50% semi annually respectively
 Bank arranged with the hotel and the loan disbursement with the additional service
charged from birr 27,000
Task 1 interest expense and other charge at the end of first year
Task 2 Total 10kn repaid at the end of second year
Task 3 required responsibility to open
N/B Bank system of hotel
Task 3 what he the advantage of credit facility society

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Project 5
Q5. The following transactions are A Tax related transactions identify term as direct or
indirect x and compute the transactions
A. Sold merchandize with TOT inclusive price of Br. 698
B. Sold merchandize with VAT Inclusive price Br. 450
C. Sold merchandize with TOT exclusives price of Br. 2,890
D. Sold merchandise with VAT exclusives price of Br. 2,600
Project 6
Star and ABC are VAT registered sale proprietorship company in Ethiopia star in
menu factoring company and ABC is whole seller company star purchased raw
material from VAT Registered supplies is with Br. 250,000 VAT Inclusive are sold
after processing the raw material in to finished products to ABC company for Br.
320,000 before VAT ABC company resold to retailer with amount of 450,000 Br.
Including VAT during the fiscal year other expense and compliment income tax paid
are respectively Br. 50,000 & 12,000 for star & 40,000& 11500 for ABC company
(hint any purchase & save transfer is corral out with sale proprietorship& sale on the
above information prepare the following task
1. Calculate direct taxes for both companies
2. Calculate indirect tax both companies
3. List two way of stump duty tax in Ethiopia
Project 7
Medical device factory imported raw materials with birr 2,500,000 from Japan
purchase local material production of glove for 2014 the local custom authority
Br. 200,000 it is to the tax authority
THE FACTOR SOLD 30,000 GLOVES AT BR. 150 EACH BEFORE vat
INCLUDING 2% SALES COMMISION THE COMPANY PAID Br. 53,000
Administrative expense and employment income tax imported materials are
exempted from VAT &withholding tax business profit tax rate is 30%
Task 1 calculate the net profit
Task 2calculate the direct tax
Task 3 Calculate indirect tax

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Task 4identifyrelevant documentation for taxation

Project 8
Develop and use a personal budget & saving plan
Project 8
Develop and use personal budget& saving plan
Develop and use personal budget
Develop& use a saving plan
Develop understanding of debt & customer credit
Develop business practice
Ato alemu is salaried employee of the XYZ Cement manufacturing company in
dire dawa Ato Alemu net salary 750 Br. Per week in jan 2016 the company paid
two month net salary bones for each employee for the performance of the year
2015 Ato Alemu Has fixed & variable expenditure are university fee 100
transport 200 pent 300 magazine 40 variable expenditure are cloth 50 mobile cord
25 recreation 100 gas70 in order to increase his saving Ato Alemu understands to
change his behavior & skills he decides to decrease variable expenditure by 5%
staring from Feb. 2016 (budget year of company is from Jan 1 December 31
based on above information perform the following tasks
Task 3.1 calculate the total saving from saving of the month of Jan 2016
Tasks 3.2 calculate the month of Feb. 2016
Task 3.3 demon star required behavior & skill to successful budgeting
Task 3.4demonstrate obstacle of ato Alemu to achieve financial Goal
1st project
Medical device factory imported materials with br. 2,500,000 from japan
purchase local material with br. 1,000,000 before VAT from production of glove
for 2014 The local custom authority charges customs duty br.200,000 . It is to the
authority
The factory sold 30,000 gloves at br 450 each before VAT including 2% sell
commission The Company paid br. 53,000 administrative expense and
employment income tax. Imported materials are exempted from VAT and
withholding tax business profit tax rate is 30%

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 PARADISE VALLEY COLLEGE ADOLA CAMPUS

Task 1calculate the net profit

Task 2calculate the direct tax
Task 3 calculate the indirect tax
Task 4 identify relevant documentation for taxation
3rd project
Abebayehu is an employee of e’royi furniture company found in shashemene city
mobilesefer. He earn net income birr 15,000 25% of his total income is used to
cover his fixed cost and the remainder income is used to cover variable expense
and saving. Saving is 15% of variable expense.
The actual variable expense is 85% od budgeted variable expense. Fixed cost
remains constant. If the variable expense budget is deficit, deduct from personal
saving and if surplus add to personal saving.
His salary expected to increase by 20% on the month of February 2015.
Task 1prepare budget performance report for month of December 2014.
Task 2develop personal budget report march 2015
Task 3 calculate total saving and indentifying the relevant investment
opportunities
Task 4 identify investment related risk of personal saving

Project 1
Develop understanding of taxation

Besuh and PLC is an importer of reinforcement bar from Bangladesh. The

company has been cngaged buying and selling activities. At the end of October
2014 items 1,541,0000.00 ETB VAT inclusive sales of reinforcement h was made
additionally be sured PLC paid an employment income tax br. 6000.00 FBS per
monghcla from complement and paid administrative and general expense
15,000.00 ETB

Task 1.1Determine direct tax liability of October 2011

Task 1.2 Determine the amount of input and output VAT

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Project 2
 Work effectively in the financial service sector
 Work effectively with others
 Use business technology
DNB Bank is a newly established bank as per the proclamation No. 3---/200-the country. It
deposits br. 200,000,000.00 in National Bank of Ethiopia. It also work with financial intelligence
center on prevention and suppression of money laundering and the financing of Terrorism
(Some statements are amended and intentionally missed)
Task 2.1 identify at list five organizational policy/guideline/legislation/procedures/code of
practice
Task 2.2 Asa team member in the bank identify your roles in supporting your team members and
your workplace interaction mechanisms.
Task 2.3identifies the business technology applied to send your report to the national bank
Ethiopia and Financial intelligence office.
Project 3
 Develop and use a personal Budget
 Develop and use a saving plan
 Develop and use a saving practice
W/ro Fantaneshis permanent employee of Ethio company earnings monthly net salary of
9,500.00 ETB. She has monthly expenditure as per the following details and the remaining
amount will be deposited to her personal saving account.
Clothing ……………………. 15%
Food cost ………………….. 20%
Medical cost ……………… 5%
Rent const ……………….. 20%
I transportation cost …….. 2%
 She plans to open a beauty salon (Berber shop) with capital of 80,520.00 ETB after one year.
 As per her business plan her capital is converged from annually personal saving account at the
end of the year.
 The remaining from Oromiya saving and credit share company at 8.5% annual interest rate for
three year and principal amount will be paid semiannually at equal installment.
Task 3.2 identify the source of information to develop his business plan

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 PARADISE VALLEY COLLEGE ADOLA CAMPUS

Task 3.3
A. Amount loan from Oromiya saving and credit share company
B. Amount of principal and interest payment for the first year
C. Amount of outstanding principal balance at the end of the second year
Project 4
Process customer Accounts
Process customer transactions
Task 4.1 demonstrates documents for you company to open current bank account in CBE.
Task 4.2 Demonstrate the advantage of saving deposit account to your company if you
Maintain saving account.
Task 4.3Demonstrate the possible challenges that affect year jobs with regards to bank activities
Project 1
Maintaining and accounting of customer
Identify the standard procedures and system of financial service institution
The project covers the following unit of competence
ELS BAWS2 01 0812 work effectively in the financial service sector
Task 1.1 list standard procedures and system of financial service institution?
Project 2
Identify fixed expense and variable expense
Competence covered ELS BAW 2 08 0812: develop and personal budget
Task 2.1 writes at list 4 fixedexpenses?
Task 2.2 writes at list 4variable expenses?
Tasks 2.3 what are the ways of reduce expenses?
Project 3
Tax accounting
Project information
The following were selectedfrom amount the transaction completed by year
The company used periodic inventory system and gross methods of inventory a recording

Competencecovered
ELES BAW2 07 0812 develop understanding of taxation
I. NOV 1, purchase machinery for cash br.50,000 subject to cat of 15%

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II. NOV2, purchase merchandise for cash birr 100000 from xyz subjected to vat
III. Nov5, sold merchandise for cash vat exclusive price of birr 400,000
IV. Nov 10, purchase merchandise on Account from ABC Company birr 30,000
subjected of Cat 15%
V. NOV 20 , sold merchandise on Account at vat excusive price of birr 10,000
Task 3.1 record the necessary journal entry?
Task 3.2 calculates vat payable?
Task 3.3 calculates vat receivable?
Tasks 3.4 determine the amount of vat to be paid/declared WALTA to tax authority as of nov
30?
Tasks 3.5 identify direct tax and indirect tax?
Materials to be used
Quantity Item description Specification
Spc/head A4 Sized paper
1/head Pen Blue and black
1/head Computer 220v

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