Elements describe the essential outcomes.

Performance criteria describe what needs to be done to demonstrate achievement of the element.

1. Plan financial reporting for commercial property management.

1.1 Analyse property documentation to confirm financial reporting obligations according to client instructions or agreement.

1.2 Confirm types and purpose of required financial reports and reporting periods.

1.3 Schedule financial reporting activities to meet client requirements and accounting protocols.

2. Develop annual budget for commercial property.

2.1 Collate financial data for commercial property.

2.2 Analyse financial data to prepare forecasts for the financial year.

2.3 Prepare and document budget and tenancy schedules to meet agency requirements for commercial property management.

3. Coordinate financial reporting for commercial property.

3.1 Prepare financial reports according to client instructions.

3.2 Assess completed financial reports to verify sufficiency to meet reporting requirements and take required action to correct errors or omissions.

3.3 Distribute financial reports to lessor to meet agreed reporting timeframes and agency requirements.

4. Evaluate and improve financial outcomes for commercial property.

4.1 Assess financial outcomes for property to identify areas requiring improvement.

4.2 Recommend actions to improve financial outcomes in discussion with lessor and obtain feedback and further instruction from lessor.

4.3 Facilitate implementation of processes to improve financial outcomes for property according to lessor instructions.

4.4 Secure and maintain financial information and documentation according to agency requirements.