Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners

BSBFIA412 Mapping and Delivery Guide
Report on financial activity

Version 1.0
Issue Date: May 2024


Qualification -
Unit of Competency BSBFIA412 - Report on financial activity
Description
Employability Skills
Learning Outcomes and Application 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.
Duration and Setting X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting.
Prerequisites/co-requisites
Competency Field
Development and validation strategy and guide for assessors and learners Student Learning Resources Handouts
Activities
Slides
PPT
Assessment 1 Assessment 2 Assessment 3 Assessment 4
Elements of Competency Performance Criteria              
Element: Compile and analyse financial data
  • 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
       
Element: Prepare reports
  • 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
       
Element: Provide financial business recommendations
  • 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
       

Submission Requirements

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

Assessment task 1: [title]      Due date:

(add new lines for each of the assessment tasks)


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 

Forms

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: