Prepare financial reports to meet statutory requirements

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 FNSICORG516B, 'Prepare financial reports to meet statutory requirements'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Prepare financial reports to meet statutory requirements' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria

Elements and Performance Criteria


Performance Criteria


Identify statutory requirements for reports


Information on statutory rules are regularly and comprehensively reviewed to ensure all requirements for reporting are planned for and met in the required manner


Sources of data are constantly reviewed to remain aware of changes and amendments


Existing reports are used as a guideline for content and format where available


Plan for provision of reports


Timelines are established in order to meet report deadlines


Communication of data requirements to internal users is unambiguous and timely


Lead times are set that ensure adequate time is available and allowance is made for contingencies


Analyse and consolidate reports


Reports are reviewed to ensure accuracy with internal accounting records and completeness of data


Reports are reviewed and cross-referenced against detailed statutory requirements


Explanation of report results is justified where necessary in required format


Reports are prepared in an accurate, timely and thorough manner


Reports are prepared with a detailed and clear audit trail to ensure comprehensive financial monitoring may be carried out


Submit reports for authorisation


All reports comply fully with auditor requirements


All required sign-offs/approvals and authorisations are obtained from responsible parties


Distribute reports


Reports are distributed to all parties in a timely manner


Confirmation of receipt of reports is obtained in order to complete company record of compliance

Qualifications and Skillsets

FNSICORG516B appears in the following qualifications:

  • SIF40108 - Certificate IV in Funeral Services