|
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included. |
Financial data may include: | budgets, forecasts and variations cash flow/profit reports financial/operational statements and reports (e.g. expenditures and receipts, profit and loss statements) market valuations |
Organisational requirements may include: | financial analysis assessments financial management manuals legal and organisational policy/guidelines and requirements OHS policies, procedures and programs price and exchange parameters quality assurances and/or procedures manuals recording and filing systems reporting requirements standard financial analysis techniques |
Conversion and consolidation procedures may include: | moving averages spreadsheets standardised variables trend analysis unit costs |
Discrepancies may include: | absence of auditable trail expenditure report mismatches inappropriate authorisations incorrect payments incorrect report formats unreconciled cash flows and operating statements variances from budget and phasings |
International finance regulations may include: | Australian government regulatory authorities international organisations and bodies regulatory authorities in overseas countries |
Information sources may include: | academics and training providers Austrade and other Australian, state/territory government departments and agencies overseas embassies, consulates, government departments and agencies within Australia and overseas trade and industry publications |
Statutory requirements may include: | delegated authorities internal control procedures limits on volumes and types of financial transactions reporting of duty, excise and other overseas government charges reporting periods taxation and payment timings |
Revenue documentation may include: | bills cash received countertrade documentation debit notes declarations forfaiting records invoices other documentation involving exchange of money or goods in place of money records of barter sales proceeds |
Benefits and allowances may include: | depreciation donations goods and services tax (GST) credits derived from export deductions interest payments other allowances made to exporters by the Australian government other allowances made to international traders by overseas governments |
Deadlines may include: | annual reports lodgement dates monthly returns payment schedules |
Recommendations may include: | cash flow changes in business activity including markets, goods or services traded consolidation expenses and overheads labour costs including decisions to move production partly or wholly offshore loss profit write-offs |
Evidence may include: | budgetary analysis documented costs forecasts and estimates order and supplier documentation returns on investments taxation and statutory returns |
Issues may include: | cost structures internal controls losses and returns profitability statutory obligations suppliers and markets |
Format may include: | audits balance sheets cash flow statements electronic forms financial year reports operating statements spreadsheets statutory forms |