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Evidence Guide: BSBFIA412 - Report on financial activity

Student: __________________________________________________

Signature: _________________________________________________

Tips for gathering evidence to demonstrate your skills

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

 

BSBFIA412 - Report on financial activity

What evidence can you provide to prove your understanding of each of the following citeria?

Compile and analyse financial data

  1. Collect, evaluate and code currentfinancial datato ensure consistency, quality and accuracy in accordance withorganisational requirements
  2. Useconversion and consolidation proceduresto compile data in accordance with organisational requirements
  3. Make, record and disclose asset and liability valuations in compliance with accounting standards
  4. Ensure thatdiscrepancies, unusual features or queries are identified, resolved or referred to the appropriate authority
  5. Identify and record effects of taxation
Collect, evaluate and code currentfinancial datato ensure consistency, quality and accuracy in accordance withorganisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Useconversion and consolidation proceduresto compile data in accordance with organisational requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Identify and record effects of taxation

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Prepare reports

  1. Correctly record income and expenditure to ensure compliance withstatutory requirements
  2. Correctly identify relevant receipts,revenue documentationand payments
  3. Prepare reports according to statutory and ethical requirements, and organisational procedures relating to conflict of interest, confidentiality, and disclosure statements
  4. Present charts, diagrams, tables and supporting data in required format
  5. Review statements and data for errors and compliance with statutory requirements and organisational procedures, and amend as required
  6. Submit statutory requirement reports to appropriate authorities withinstated deadlines
Correctly record income and expenditure to ensure compliance withstatutory requirements

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Correctly identify relevant receipts,revenue documentationand payments

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Submit statutory requirement reports to appropriate authorities withinstated deadlines

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide financial business recommendations

  1. Review recommendations and ensure they are logically derived and supported byevidence
  2. Provide recommendations to enhance the effectiveness of functions and services
  3. Ensure recommendations are concise and relevant to the direction and control of organisational operations
  4. Identify and prioritise significant issuesin statements including comparative financial performances for review and decision making
  5. Ensure structure andformat of reportsare clear and conform to organisational and statutory requirements
Review recommendations and ensure they are logically derived and supported byevidence

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Provide recommendations to enhance the effectiveness of functions and services

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

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

Completed
Date:

Teacher:		 Evidence:

 

 

 

 

 

 

 

Assessed

Teacher: ___________________________________ Date: _________

Signature: ________________________________________________

Comments:

 

 

 

 

 

 

 

 

Instructions to Assessors

Required Skills and Knowledge