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 asset register
|
|
Prepare a register of property, plant and equipment from fixed asset transactions in accordance with organisational policy and procedures Completed |
Evidence:
|
Determine method of calculating depreciation in accordance with organisational requirements Completed |
Evidence:
|
Maintain asset register and associated depreciation schedule in accordance with organisational policy, procedures and accounting requirements Completed |
Evidence:
|
Record general journal entries for balance day adjustments
|
|
Record depreciation of non-current assets and disposal of fixed assets in accordance with organisational policy, procedures and accounting requirements Completed |
Evidence:
|
Adjust expense accounts and revenue accounts for prepayments and accruals Completed |
Evidence:
|
Record bad and doubtful debts in accordance with organisational policy, procedures and accounting requirements Completed |
Evidence:
|
Adjust ledger accounts for inventories, if required, and transfer to final accounts Completed |
Evidence:
|
Prepare final general ledger accounts
|
|
Enter general journal entries for balance day adjustments in general ledger system in accordance with organisational policy, procedures and accounting requirements Completed |
Evidence:
|
Post revenue and expense account balances to final general ledger accounts system Completed |
Evidence:
|
Prepare final general ledger accounts to reflect gross and net profits for reporting period Completed |
Evidence:
|
Prepare end of period financial reports
|
|
Prepare revenue statement in accordance with organisational requirements to reflect operating profit for reporting period Completed |
Evidence:
|
Prepare balance sheet to reflect financial position of business at end of reporting period Completed |
Evidence:
|
Identify and correct, or refer errors for resolution in accordance with organisational policy and procedures Completed |
Evidence:
|