Objective: To provide you with an opportunity to demonstrate the required performance elements
for this unit.
A signed observation by either an approved third party or the assessor will need to be included in
this activity as proof of completion.
This activity will enable you to demonstrate the following performance evidence:
Organise and present financial data to highlight relevant features and meet workplace
budgets and forecasts
cash flow/profit reports
financial year reports
expenditure and receipts
profit and loss statements
Use conversion and consolidation procedures such as moving averages, standardised
variables, trend analysis and unit costs
Identify, resolve or refer discrepancies such as:
absence of auditable trail
expenditure report mismatches
incorrect payments and unreconciled cash flows
Record income and expenditure to meet statutory requirements
Calculate liabilities for tax including completing Business Activity Statements, where
Provide financial business recommendations
Apply knowledge of relevant legislation and regulations
Perform double entry bookkeeping and accrual accounting.
Answer the activity in as much detail as possible, considering your organisational requirements.
All activity answers will vary depending on the learner and the organisation they work for, but the
learner should be able to demonstrate their competency in the unit requirements.
The total time for the learner to complete this task should be between 3-5 hours. These hours may
be completed over any time frame within the duration of this training program.