Produce 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 SIRXFIN003A, 'Produce financial reports'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Produce 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

Elements describe the essential outcomes of a unit of competency.

Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the required skills and knowledge section and the range statement. Assessment of performance is to be consistent with the evidence guide.

1. Enter payment summaries into journals.

1.1.Fill payment documents out identifying relevant details.

1.2.Check payment documents for authenticity of claim.

1.3.Balance payment documents on a routine basis.

2. Reconcile accounts to balance.

2.1.Identify discrepancies betweentransaction documentation and account balances.

2.2.Rectify errors in documentation.

2.3.Record data on nominated system within designated time limits.

3. Prepare bank reconciliations.

3.1.Check deposit entries and cash payment summaries for accuracy against bank statements.

3.2.Note and resolve discrepancies.

3.3.Produce regular reconciliation reports within designated time limits to provide data for preparation of trial balance.

3.4.Complete pay in documentation accurately.

3.5.Balance all transaction calculations.

4. Receive and document payments and takings.

4.1.Count cash correctly and give correct change, if applicable.

4.2.Verify cheque and credit card payments with the relevant personnel or department prior to acceptance.

4.3.Complete and issue receipts.

5. Dispatch statements to debtors and follow up outstanding accounts.

5.1.Check debtor statements for accuracy of contents.

5.2.Rectify any noted discrepancies accurately.

5.3.Dispatch debtor statements within designated time limits.

5.4.Collect outstanding accounts within designated credit periods.

5.5.Review and control credit terms to ensure payment within designated time limits.

5.6.Maintain debtors ledger to reflect current situation.

5.7.Review customer credit terms when indicated, according to store policy and procedures.

6. Dispatch payments to creditors.

6.1.Check payment documentation prepared by others for accuracy of information and dispatch to creditors within designated time limits.

6.2.Reconcile creditors’ statements with accounting records.

6.3.Input relevant data to creditors’ ledger.

6.4.Reconcile general ledger against accounting records.

7. Generate financial documents.

7.1.Clarify purpose of the report with relevant personnel.

7.2.Identify and obtain relevant data from nominated internal or external sources.

7.3.Update nominated internal records to show current status of financial report.

7.4.Transcribe data onto nominated form and in the authorised manner.


Qualifications and Skillsets

SIRXFIN003A appears in the following qualifications:

  • AUR20105 - Certificate II in Automotive Administration
  • AUR21105 - Certificate II in Automotive Sales
  • AUR30105 - Certificate III in Automotive Administration
  • AUR31005 - Certificate III in Automotive Sales
  • FPI30605 - Certificate III in Timber Merchandising
  • SIR30107 - Certificate III in Community Pharmacy
  • SIR30207 - Certificate III in Retail
  • SIR40107 - Certificate IV in Community Pharmacy