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?
Manage the chart of accounts
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Chart of accounts is adjusted to incorporate and establish debtors and creditors as they arise Completed |
Evidence:
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Debtors and creditors subsidiary ledgers are established as required Completed |
Evidence:
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Process invoices, adjustment notes and other general ledger transactions
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Invoices to debtors are raised and invoices to creditors are allocated with source documents coded and processed Completed |
Evidence:
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Payments from debtors are received, processed and banked in accordance with organisational policies and procedures Completed |
Evidence:
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Payments to creditors are made and processed in accordance with organisational policies and procedures Completed |
Evidence:
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Adjustments are raised and allocated to correct invoices Completed |
Evidence:
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Credit notes are raised for adjustments to invoices and other transactions are entered into the general ledger Completed |
Evidence:
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Manage contra entries
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Relevant persons are contacted and liaised with to verify contra deals Completed |
Evidence:
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Reporting procedures and documentation for contra entries are completed in accordance with organisational policies and procedures and contra entries processed to update debtors, creditors and general ledgers Completed |
Evidence:
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Identify and process bad debts
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Bad debt status is verified through liaison with relevant persons and following attempts to work with debtors to clear debts Completed |
Evidence:
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Reporting procedures and appropriate documentation are completed in accordance with organisational policies and procedures and bad debts processed to update debtors and general ledgers Completed |
Evidence:
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Manage debt recovery
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Activities and communication with debtors are reviewed in conjunction with relevant persons, if applicable, to establish adequacy of follow-up Completed |
Evidence:
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Measures to collect monies, including the initiation of legal action and the seeking of expert advice, are undertaken in accordance with organisational policies and procedures Completed |
Evidence:
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Prepare and produce reports and trial balance
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Reports are produced and transactions in report are validated Completed |
Evidence:
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Debtors and creditors are reconciled and relevant reports are produced with any necessary corrections made Completed |
Evidence:
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Trial balance is produced and reports are presented and explained where necessary to relevant persons Completed |
Evidence:
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