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| 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 variationscash flow/profit reportsfinancial/operational statements and reports (e.g. expenditures and receipts, profit and loss statements)market valuations |
Organisational requirements may include: | financial analysis assessmentsfinancial management manualslegal and organisational policy/guidelines and requirementsOHS policies, procedures and programsprice and exchange parametersquality assurances and/or procedures manuals recording and filing systemsreporting requirementsstandard financial analysis techniques |
Conversion and consolidation procedures may include: | moving averagesspreadsheetsstandardised variablestrend analysisunit costs |
Discrepancies may include: | absence of auditable trailexpenditure report mismatchesinappropriate authorisationsincorrect paymentsincorrect report formatsunreconciled cash flows and operating statementsvariances from budget and phasings |
International finance regulations may include: | Australian government regulatory authoritiesinternational organisations and bodiesregulatory authorities in overseas countries |
Information sources may include: | academics and training providersAustrade and other Australian, state/territory government departments and agenciesoverseas embassies, consulates, government departments and agencies within Australia and overseastrade and industry publications |
Statutory requirements may include: | delegated authoritiesinternal control procedureslimits on volumes and types of financial transactionsreporting of duty, excise and other overseas government chargesreporting periodstaxation and payment timings |
Revenue documentation may include: | billscash receivedcountertrade documentationdebit notesdeclarationsforfaiting recordsinvoices other documentation involving exchange of money or goods in place of moneyrecords of bartersales proceeds |
Benefits and allowances may include: | depreciationdonationsgoods and services tax (GST) credits derived from export deductionsinterest paymentsother allowances made to exporters by the Australian governmentother allowances made to international traders by overseas governments |
Deadlines may include: | annual reportslodgement datesmonthly returnspayment schedules |
Recommendations may include: | cash flowchanges in business activity including markets, goods or services tradedconsolidationexpenses and overheadslabour costs including decisions to move production partly or wholly offshorelossprofitwrite-offs |
Evidence may include: | budgetary analysisdocumented costsforecasts and estimatesorder and supplier documentationreturns on investmentstaxation and statutory returns |
Issues may include: | cost structuresinternal controlslosses and returnsprofitabilitystatutory obligationssuppliers and markets |
Format may include: | auditsbalance sheetscash flow statementselectronic formsfinancial year reportsoperating statementsspreadsheetsstatutory forms |