The important thing to remember when gathering evidence is that the more evidence the better - that is, the more evidence you gather to demonstrate your skills, the more confident an assessor can be that you have learned the skills not just at one point in time, but are continuing to apply and develop those skills (as opposed to just learning for the test!). Furthermore, one piece of evidence that you collect will not usualy demonstrate all the required criteria for a unit of competency, whereas multiple overlapping pieces of evidence will usually do the trick!
From the Wiki University
What evidence can you provide to prove your understanding of each of the following citeria?
Maintain financial journal systems
|
|
Check source documents for accuracy and appropriate authorisation Completed |
Evidence:
|
Refer errors and discrepancies in source documents for resolution in accordance with organisational policy and procedures Completed |
Evidence:
|
Enter transactions into cash and credit journal system in accordance with organisational policy and procedures and relevant legislation and compliance requirements Completed |
Evidence:
|
Total credit journals in accordance with organisational policy and procedures Completed |
Evidence:
|
Prepare bank reconciliations
|
|
Check cash journals against bank statements to identify differences Completed |
Evidence:
|
Update cash journals with relevant data from bank statement/s Completed |
Evidence:
|
Identify discrepancies and refer to appropriate staff member, organisation or agency Completed |
Evidence:
|
Total cash journals in accordance with organisational policy and procedures Completed |
Evidence:
|
Prepare regular reconciliation reports within designated timelines Completed |
Evidence:
|
Maintain accounts payable and accounts receivable systems
|
|
Enter transactions into individual accounts payable and accounts receivable in accordance with organisational policy and procedures and accounting requirements Completed |
Evidence:
|
Prepare schedules of accounts payable and accounts receivable for reconciliation purposes and in accordance with organisational requirements Completed |
Evidence:
|
Reconcile accounts payable and accounts receivable schedules with journal data or general ledger and in accordance with organisational requirements Completed |
Evidence:
|
Process payments for accounts payable
|
|
Reconcile accounts payable statements with accounting records and in accordance with organisational policy and procedures Completed |
Evidence:
|
Check payment documentation for accuracy of information and discrepancies and rectify errors in accordance with organisational requirements Completed |
Evidence:
|
Prepare statements for accounts receivable
|
|
Produce and check accounts receivable statements for accuracy in accordance with organisational policy and procedures Completed |
Evidence:
|
Rectify discrepancies and statements despatched within designated timelines Completed |
Evidence:
|
Follow up outstanding accounts
|
|
Maintain accounts receivable ledger system in accordance with organisational requirements and to reflect current credit situation Completed |
Evidence:
|
Conduct aged-analysis of accounts receivable to identify outstanding accounts and to determine collection procedures in accordance with organisational requirements Completed |
Evidence:
|
Report or follow up outstanding accounts in accordance with organisational policy and procedures Completed |
Evidence:
|
Monitor and review credit terms in accordance with credit policy and procedures Completed |
Evidence:
|