Elements and Performance Criteria
- Compile financial information
- Identify financial information related to international business activity and separate it from domestic business activity for reporting and compliance purposes
- Collect relevant current financial data, convert to currency used in report, and evaluate and code to ensure consistency, quality and accuracy in accordance with organisational requirements
- Use conversion and consolidation procedures to compile analysis in accordance with organisational requirements
- Make, record and disclose asset and liability valuations, in accordance with organisational requirements
- Identify, resolve or refer discrepancies, unusual features or queries to the appropriate authority
- Ensure compliance with relevant international finance regulations
- Identify financial compliance requirements associated with international business activity for relevant international finance regulations
- Access processes to ensure compliance with financial compliance requirements of relevant international finance regulations, from workplace policies and procedures, and relevant information sources
- Record income and expenditure to ensure compliance with statutory requirements
- Calculate liabilities for tax in accordance with relevant legislation
- Identify relevant receipts, revenue documentation and payments correctly
- Ensure statements and claims take full advantage of available benefits and allowances in accordance with statutory requirements
- Submit statutory requirement reports to appropriate authorities within stated deadlines
- Provide financial business recommendations
- Derive recommendations logically and support with evidence in report
- Ensure recommendations propose constructive actions to enhance the effectiveness and efficacy of functions and services related to international business activity
- Ensure recommendations are concise and facilitate direction and control of organisation’s international operations
- Identify and prioritise significant issues in statements, including comparative financial performances, for review and decision-making
- Ensure structure and format of reports are clear and conform to organisational and statutory requirements