Prepare financial reports

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver BSBFIA401A, 'Prepare financial reports'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Prepare financial reports' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Maintain asset register

1.1. Prepare a register of property, plant and equipment from fixed asset transactions in accordance with organisational policy and procedures

1.2. Determine method of calculating depreciation in accordance with organisational requirements

1.3. Maintain asset register and associated depreciation schedule in accordance with organisational policy, procedures and accounting requirements

2. Record general journal entries for balance day adjustments

2.1. Record depreciation of non-current assets and disposal of fixed assets in accordance with organisational policy, procedures and accounting requirements

2.2. Adjust expense accounts and revenue accounts for prepayments and accruals

2.3. Record bad and doubtful debts in accordance with organisational policy, procedures and accounting requirements

2.4. Adjust ledger accounts for inventories, if required, and transfer to final accounts

3. Prepare final general ledger accounts

3.1. Enter general journal entries for balance day adjustments in general ledger system in accordance with organisational policy, procedures and accounting requirements

3.2. Post revenue and expense account balances to final general ledger accounts system

3.3. Prepare final general ledger accounts to reflect gross and net profits for reporting period

4. Prepare end of period financial reports

4.1. Prepare revenue statement in accordance with organisational requirements to reflect operating profit for reporting period

4.2. Prepare balance sheet to reflect financial position of business at end of reporting period

4.3. Identify and correct, or refer errors for resolution in accordance with organisational policy and procedures


Qualifications and Skillsets

BSBFIA401A appears in the following qualifications:

  • FNS30410 - Certificate III in Mercantile Agents
  • FNS40610 - Certificate IV in Accounting
  • FNS30310 - Certificate III in Accounts Administration
  • FNS40110 - Certificate IV in Credit Management
  • FNS40210 - Certificate IV in Bookkeeping
  • CPP40507 - Certificate IV in Property Services (Business Broking)
  • CPP50409 - Diploma of Property Services (Business Broking)
  • AUR50105 - Diploma of Automotive Management
  • AUR40105 - Certificate IV in Automotive Management
  • BSB40507 - Certificate IV in Business Administration
  • PSP42010 - Certificate IV in School Support Services
  • PSP40504 - Certificate IV in Government (Financial Services)
  • PSP41904 - Certificate IV in Government (School Support Services)
  • CUS40309 - Certificate IV in Music Business
  • SIT40607 - Certificate IV in Hospitality (Catering Operations)
  • SIT40507 - Certificate IV in Hospitality (Asian Cookery)
  • SIT40707 - Certificate IV in Hospitality (Patisserie)
  • SIT40809 - Certificate IV in Holiday Parks and Resorts
  • SIT40307 - Certificate IV in Hospitality
  • SIT60307 - Advanced Diploma of Hospitality
  • SIT40407 - Certificate IV in Hospitality (Commercial Cookery)
  • SIT50307 - Diploma of Hospitality
  • SIT40207 - Certificate IV in Tourism
  • SIT50409 - Diploma of Holiday Parks and Resorts
  • SIT50107 - Diploma of Tourism
  • SFI40311 - Certificate IV in Seafood Industry (Environmental Management)
  • SFI30211 - Certificate III in Fishing Operations
  • SFI30611 - Certificate III in Seafood Industry (Sales and Distribution)
  • SFI40211 - Certificate IV in Fishing Operations
  • SFI40111 - Certificate IV in Aquaculture
  • SFI40511 - Certificate IV in Seafood Processing
  • SFI30111 - Certificate III in Aquaculture
  • SFI40611 - Certificate IV in Seafood Industry Sales and Distribution
  • SFI30511 - Certificate III in Seafood Processing
  • SFI30311 - Certificate III in Seafood Industry (Environmental Management Support)
  • CUE40403 - Certificate IV in Venues and Events (Customer Service)
  • CUE50403 - Diploma of Venues and Events
  • CUF40407 - Certificate IV in Make-up