BSBFIA401

Application

This unit describes skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.

It applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an enterprise, or they might have responsibility for these tasks in relation to their own workgroup or role.

Unit mapping information

This unit supersedes BSBFIA401A Prepare financial reports

Licensing, legislative, regulatory or certification requirements

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Foundation skills

This unit contains foundation skills

Unit sector or competency field

Finance—Financial Administration

Prerequisite, co-requisite or interdependent assessment of units

None specified.

Assessment conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial administration field of work and include access to:

• office equipment and resources
• computer equipment and relevant software
• relevant standards
• samples of financial data
• workplace reference materials such procedural manuals and company policy
• case studies and, where possible, real situations

Assessors must satisfy NVR/AQTF assessor requirements.