Prepare financial reports for corporate entities system
Prepare financial reports for corporate entities system
Electronic Document And Records Management EDRM System Evidence of the ability to:access and accurately compile data and prepare reports for corporate entities that comply with:
organisational policy and procedures
relevant accounting standards
- statutory and other relevant requirements of reporting bodies.
Knowledge Evidence
To complete the unit requirements safely and effecti
vely, the individual must:- identify and explain current business taxation requirements
- identify and explain current financial legislation and statutory requirements relating to taxable transactions and reporting requirements
- discuss ethical considerations in relation to conflict of interest, confidentiality and disclosure requirements
Electronic Document And Records Management EDRM System
- explain the key features of integrated computerised accounting systems
- describe a range of methods and formats for presenting financial data
- outline options, methods and practices for recording and reporting deductions, benefits and depreciation
- identify and describe the key requirements of organisational policy and procedures relating to the preparation of financial reports
- identify and explain the key principles of double-entry bookkeeping and accrual accounting
- identify and explain business legal requirements relating to delegated authorities, reporting periods and taxation payment timings.
Assessment Conditions
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:- office equipment, technology, software and consumables
- organisational records, policy and procedures.
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