ELEMENT

PERFORMANCE CRITERIA

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Compile and analyse financial data

1.1 Collect, evaluate and code currentfinancial datato ensure consistency, quality and accuracy in accordance withorganisational requirements

1.2 Useconversion and consolidation proceduresto compile data in accordance with organisational requirements

1.3 Make, record and disclose asset and liability valuations in compliance with accounting standards

1.4 Ensure thatdiscrepancies, unusual features or queries are identified, resolved or referred to the appropriate authority

1.5 Identify and record effects of taxation

2. Prepare reports

2.1 Correctly record income and expenditure to ensure compliance withstatutory requirements

2.2 Correctly identify relevant receipts,revenue documentationand payments

2.3 Prepare reports according to statutory and ethical requirements, and organisational procedures relating to conflict of interest, confidentiality, and disclosure statements

2.4 Present charts, diagrams, tables and supporting data in required format

2.5 Review statements and data for errors and compliance with statutory requirements and organisational procedures, and amend as required

2.6 Submit statutory requirement reports to appropriate authorities withinstated deadlines

3. Provide financial business recommendations

3.1 Review recommendations and ensure they are logically derived and supported byevidence

3.2 Provide recommendations to enhance the effectiveness of functions and services

3.3 Ensure recommendations are concise and relevant to the direction and control of organisational operations

3.4 Identify and prioritise significant issuesin statements including comparative financial performances for review and decision making

3.5 Ensure structure andformat of reportsare clear and conform to organisational and statutory requirements

Skill

Description

Reading

Compares and analyses information from a range of sources varying in complexity to determine and complete financial requirements

Writing

Records numerical and textual information incorporating required financial language organising data in a manner that supports the format and purpose of the document

Oral Communication

Presents financial issues and requirements clearly, succinctly and based on own findings using language appropriate to audience and environment

Exchanges and obtains information from others by listening and questioning

Numeracy

Establishes criteria and categories for financial management purposes and monitors activities on a regular basis

Uses a wide range of mathematical calculations to interpret and arrange/compare numerical information in order to comply with requirements

Navigate the world of work

Recognises, understands and applies applicable legislation, industry standards and organisational policies and procedures in the conduct of own work

Interact with others

Selects and uses appropriate conventions and protocols when communicating with external stakeholders to supply required information

Get the work done

Uses formal and logical processes to plan and complete tasks, achieving timelines and organisational requirements

Uses analytical skills to identify discrepancies, attempts to resolves the issues within the context of own responsibilities and, where appropriate, consults with more experienced colleagues for assistance

Uses a range of digital technologies to access, record, store, organise, compile, analyse and present complex data from multiple sources of information