This unit describes the skills and knowledge required to prepare financial reports in line with statutory reporting requirements. It encompasses compiling and analysing data.

This unit applies to individuals that are required to apply specialised knowledge and analytical skills to prepare financial reports as part of their job role.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the BSB Business Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice	Yes	No	Comments/feedback
Collect, evaluate and code currentfinancial datato ensure consistency, quality and accuracy in accordance withorganisational requirements
Useconversion and consolidation proceduresto compile data in accordance with organisational requirements
Make, record and disclose asset and liability valuations in compliance with accounting standards
Ensure thatdiscrepancies, unusual features or queries are identified, resolved or referred to the appropriate authority
Identify and record effects of taxation
Correctly record income and expenditure to ensure compliance withstatutory requirements
Correctly identify relevant receipts,revenue documentationand payments
Prepare reports according to statutory and ethical requirements, and organisational procedures relating to conflict of interest, confidentiality, and disclosure statements
Present charts, diagrams, tables and supporting data in required format
Review statements and data for errors and compliance with statutory requirements and organisational procedures, and amend as required
Submit statutory requirement reports to appropriate authorities withinstated deadlines
Review recommendations and ensure they are logically derived and supported byevidence
Provide recommendations to enhance the effectiveness of functions and services
Ensure recommendations are concise and relevant to the direction and control of organisational operations
Identify and prioritise significant issuesin statements including comparative financial performances for review and decision making
Ensure structure andformat of reportsare clear and conform to organisational and statutory requirements

Assessment Cover Sheet

BSBFIA412 - Report on financial activity

Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

BSBFIA412 - Report on financial activity

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: