The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Review accounts receivable process
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Receipts entered into accounts receivable system are checked for accuracy, consistency and thoroughness Completed |
Evidence:
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Incorrect entries are identified and accurately recorded according to type and source of receipt Completed |
Evidence:
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Discrepancies between monies owed and monies paid are identified and investigated according to organisation policy, procedures and guidelines Completed |
Evidence:
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Receipts entered into accounts receivable system are amended according to established procedures Completed |
Evidence:
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Identify bad and doubtful debts
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Debtors ledger is regularly reviewed in accordance with organisation policy and guidelines to identify outstanding monies an further information, if required, sought from relevant sources Completed |
Evidence:
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Bad or doubtful debt status is verified through liaison with debtors Completed |
Evidence:
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Reporting procedures and appropriate documentation for bad and doubtful debts is completed in accordance with organisation policy and guidelines Completed |
Evidence:
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Review compliance with terms and conditions and plan recovery action
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Clients in default of trading terms are correctly identified according to organisation operating procedures and contacted promptly and courteously to make satisfactory arrangements to pay monies outstanding Completed |
Evidence:
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Monies owing that constitute breaches of organisation credit policy are actioned in accordance with organisation policy and procedures Completed |
Evidence:
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Previous activities and communication with clients are thoroughly reviewed to establish adequacy of follow-up procedures, and whether all usual organisation recovery avenues have been exhausted Completed |
Evidence:
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Plans to pursue debt recovery or to initiate legal action are developed with measures to collect monies completed in accordance with organisation policy, guidelines and timelines Completed |
Evidence:
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Prepare reports and file documentation
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Reports are prepared which document accounts receivable, debt recovery type, cause and recovery plan and distributed to supervisors, managers and other relevant parties Completed |
Evidence:
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Documentation is filed promptly in accordance with organisation policy and procedures Completed |
Evidence:
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Distribute creditors invoices for authorisation
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Invoice discrepancies are identified, investigated and rectified and invoices encoded and recorded correctly Completed |
Evidence:
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Authorisation for payment is requested from appropriate personnel Completed |
Evidence:
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Remit payments to creditors
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Cheque requisition is correctly drawn up and authorised and the correct general ledger to be drawn against identified Completed |
Evidence:
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Correct account is debited in a timely manner and in accordance with legislative and compliance requirements Completed |
Evidence:
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Creditors payments are prepared in an accurate manner Completed |
Evidence:
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Prepare accounts paid report and reconcile balances outstanding
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Data is collected and entered onto spreadsheet giving details of creditors and amounts paid and a report prepared for ratification by appropriate management Completed |
Evidence:
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Statements of outstanding balances are sought from suppliers where required and balances outstanding are reconciled to invoices received Completed |
Evidence:
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