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BAW2 Assignment 4

This document provides instructions and assignments for trainees in the Gage College TVET programs for Basic Account Work (BCW) Level II. It outlines 5 projects related to processing customer accounts, developing savings plans, working effectively in financial services, personal budgeting, and savings. For each project, it lists specific tasks for trainees to complete, such as calculating account balances and savings amounts, demonstrating work procedures, and identifying challenges in financial planning and teamwork. The assignments are worth a total of 20% and are to be submitted in hard copy to the Dean's office every two weeks.

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837 views3 pages

BAW2 Assignment 4

This document provides instructions and assignments for trainees in the Gage College TVET programs for Basic Account Work (BCW) Level II. It outlines 5 projects related to processing customer accounts, developing savings plans, working effectively in financial services, personal budgeting, and savings. For each project, it lists specific tasks for trainees to complete, such as calculating account balances and savings amounts, demonstrating work procedures, and identifying challenges in financial planning and teamwork. The assignments are worth a total of 20% and are to be submitted in hard copy to the Dean's office every two weeks.

Uploaded by

eferem
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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G A G E C O L L E G E TVET-programs,

Department of Business

EOS, Basic Account Work (BCW) Level II


Total worth 20%

Campus: ____________________Departement:______________Section:_______Entry Year: _______

Learning Center: _________________ Trainer’s Name: __________________________

Standard Assignment IV

Instruction I: Dear Trainees in doing your Assignment successful you have to:

1. Visit the uploaded modules on the College website

(www.elearningportal.gagecollege.net)

o User ID: tvet


o Password: gage123

2. Devote time specifically to read the modules

3. Build individual accountability and do your assignment thoroughly

4. You are expected to submit the assignment in Hard copy in two weeks interval after the date you
received to the Dean office

Section to be filled by the Trainer

Weight in % Scored Result

PROJECT I 5%

PROJECT II 3%

PROJECT III 5%

PROJECT IV 4%

PROJECT V 3%

Total 20%

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Project 1:-Process Customer Account Using Business Technology(5Pts)
DKY is a newly incorporated Financial Consulting Company, which starts in a year 2018 by15 Ethiopian
Diaspora members. The company has provide financial consulting services for all saving and credit
association in Addis on how to mobilize a large scale of funds from the society and individuals personal
savings through awareness creation trainings. The Managements of the company has approved a total
required capital budget of 5 Billion birr, of which 3 billion bill contributed by members and the remaining
will be borrowed from bank in order to run the day today operation of their business. The company planned
to open an account at Awash International Bank Share Company that enables them to use cheqes, foreign
currencies and other facilities. Suppose that you are a bank clerk at Awash International Bank and they
approach you to have an advice on account opening.

Task1.1.What is your role, in opening and maintaining customer account of DKY Company?
Task1.2.What are the relevant information’s & required documents you gather to open customer account & how
do you verify relevancy of information presented by customers upon opening an account?
Task1.3. what are possible types of Services provided by your bank to customers list at least 5
Task1.4. Assume DKY Company is dissatisfied with the service of your bank & is decided to close the account.
Show how you transfer or close customer account?
Task1.5. Demonstrate how to use workplace business technologies & Write the input devices you might use to
process & organize data
Project 2:- Develop and use savings plan (3Pts)
Assume DKY Company has opened and maintained current account (Checking account) On Awash
International Bank S.C. The company has borrowed a Loan amount of Birr 2,000,000,000 that will be
paid in lump sum after one year at interest rate of 12% per annual.

Task2.1 Calculate total amount of cash Collected by Awash International Bank after a year.
Task2.2 Calculate Income tax payable by Awash Bank to ERCA on interest Income earned
Task 2.3 Discuss the importance of setting financial goals & developing a saving plan
Project.3 Works with Others Effectively in Financial Service Sectors (5Pts)
Now Let us consider you are learning many new and interesting tasks from your team members with in the
bank. However, you have a concern about the volume of work you have to complete each month. You are
required to process a large number of transactions each month. In order to accomplish your work
according to your organization requirement you do have the following duties and responsibility.

Task3.1. Show your how to demonstrate work effectively in the financial service sectors.
Task3.2.Identify Guidelines, procedures, legislation & codes of practice in financial service
Task3.3. Show how you work effectively with others in team environment.
Task3.4. Show how you support your team members within a team work
Task3.5. What are the Challenges you may face when you are working in the Bank & What are you going to
do to face such difficulties within a team

Project 4. Develop and use personal budget (4Pts)


Selamsew graduate from high school in June and is taking a year off to work before pursuing a college
diploma in a three year business program at a local collage .During her last semester of high school,
selamsew was enrolled in a co-op program. The company hired her to work per time during summer and
also works pastime on weekends at a hotel as a cashier. Her net earnings from both jobs total Birr 325 a
week will not be changed in the near future. Selamsew pays the following expenditures for month of
December 2015.

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 Rent cost 250 per month  Car insurance birr 150 per month
 Transport birr 100 per month  Maintenance birr 60 per month
 Communication cost birr 50 per month  Food cost birr 140 per month
 Dry- cleaning cost birr 10 per month  Saving for 20/80 housing 540/ month

Selamsew plans to save on the following costs for the year 2016 and wants increases her savings account
held at commercial bank of the 20/80 housing plan.

 Transportation 30%  Rent cost 30%


 Communication cost 50%  Food cost 15%
 Maintenance 5%
Task 4.1 prepares annual budget of Selamsaw based on the above data for year 2016
Task 4.2 Determine amount annual budgets that will be deposit for 20/80 new housing plan and percentage
increase of saving to new housing scheme.
Task 4.3. Identify possible ways to reduce personal expenditures & increase Income.
Task 4.4 Write the behaviors and skills that are required for successful budgeting.

Project 5 Develop and use personal budget (3Pts)


Ato Alemu earns weekly net salary is br. 800 and he earns two months of net salary as bonus for the
monthly in Jan 2015.His fixed expenditure are birr 740 and variable expenditures are 345 for the month
of January 2015. The variable expenditure is expected to decrease by 5% for the month of Feb 2015.

Task 5.1 Calculate total saving for the month of January and Feb 2015
Task 5.2 calculate the percentage of saving for both month
Task 5.3 what are the obstacles that might prevent financial goals from being achieved?

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