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Evidence Guide: FNSACC504 - Prepare financial reports for corporate entities

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

FNSACC504 - Prepare financial reports for corporate entities

What evidence can you provide to prove your understanding of each of the following citeria?

Compile data

  1. Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy, procedures and accounting standards
  2. Use conversion and consolidation procedures to compile data in accordance with organisational policy and procedures
  3. Ensure accurate transfer of data to computerised systems as required
  4. Record valuations in compliance with relevant accounting standards
  5. Identify and record effects of taxation
Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy, procedures and accounting standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Use conversion and consolidation procedures to compile data in accordance with organisational policy and procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure accurate transfer of data to computerised systems as required

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Record valuations in compliance with relevant accounting standards

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and record effects of taxation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare reports

  1. Present charts, diagrams and supporting data in appropriate format
  2. Ensure structure and format of reports are clear and conform to statutory requirements and organisational procedures
  3. Ensure statements and data are error free, comprehensive and comply with statutory requirements and organisational procedures
Present charts, diagrams and supporting data in appropriate format

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure structure and format of reports are clear and conform to statutory requirements and organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Ensure statements and data are error free, comprehensive and comply with statutory requirements and organisational procedures

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Evidence Guide

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Compile data

1.1 Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy, procedures and accounting standards

1.2 Use conversion and consolidation procedures to compile data in accordance with organisational policy and procedures

1.3 Ensure accurate transfer of data to computerised systems as required

1.4 Record valuations in compliance with relevant accounting standards

1.5 Identify and record effects of taxation

2. Prepare reports

2.1 Present charts, diagrams and supporting data in appropriate format

2.2 Ensure structure and format of reports are clear and conform to statutory requirements and organisational procedures

2.3 Ensure statements and data are error free, comprehensive and comply with statutory requirements and organisational procedures

Required Skills and Knowledge

ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Compile data

1.1 Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy, procedures and accounting standards

1.2 Use conversion and consolidation procedures to compile data in accordance with organisational policy and procedures

1.3 Ensure accurate transfer of data to computerised systems as required

1.4 Record valuations in compliance with relevant accounting standards

1.5 Identify and record effects of taxation

2. Prepare reports

2.1 Present charts, diagrams and supporting data in appropriate format

2.2 Ensure structure and format of reports are clear and conform to statutory requirements and organisational procedures

2.3 Ensure statements and data are error free, comprehensive and comply with statutory requirements and organisational procedures