BSBFIA401- Mapping DOC-PER 2015
- 1. BSBFIA401 Prepare financial reports 1 Technical Education Australia – Mapping Course Version 19 June 2015 Trainer & Assessor Muna Haider muna@hmia.edu.au ASSESSMENT TOOL – MAPPING DOCUMENT Elements / Performance Criteria Location Element 1 Maintain asset register 1.1 Prepare a register of property, plant and equipment from fixed asset transactions in accordance with legislative and organisational policy and procedures Assessments: MCQs: 1, 2 T/F: 1, 2, 9 1.2 Determine method of calculating depreciation in accordance with organisational requirements Assessments: PPP T/F: 3, 4, 1.3 Maintain asset register and associated depreciation schedule in accordance with organisational policy, procedures and accounting requirements Assessments: MCQs: 15 T/F: 5, 6, 7, 9 Element 2 Record general journal entries for balance day adjustments 2.1 Record depreciation of non-current assets and disposal of fixed assets in accordance with organisational policy, procedures and accounting requirements Assessments: MCQs: 4 T/F: 8, 10 2.2 Adjust expense accounts and revenue accounts for prepayments and accruals Assessments: MCQs: 3, 15 T/F: 11, 12, 13 2.3 Record bad and doubtful debts in accordance with organisational policy, procedures and accounting requirements Assessments: 1, MCQs: 5, 6 2.4 Adjust ledger accounts for inventories, if required, and transfer to final accounts PPP MCQs 7, 8, 9, 10, 11, 12, 13, 14 Element 3 Prepare final general ledger accounts
- 2. BSBFIA401 Prepare financial reports 2 Technical Education Australia – Mapping Course Version 19 June 2015 Trainer & Assessor Muna Haider muna@hmia.edu.au 3.1 Make general journal entries for balance day adjustments in general ledger system in accordance with organisational policy, procedures and accounting requirements PPP MCQs: 15 T/F: 11, 12, 13 3.2 Post revenue and expense account balances to final general ledger accounts system PPP MCQs 15, 16 3.3 Prepare final general ledger accounts to reflect gross and net profits for reporting period PPP MCQs: 15 Element 4 Prepare end of period financial reports 4.1 Prepare revenue statement in accordance with organisational requirements to reflect operating profit for reporting period Assessment P MCQs: 18 T?F: 14, 19 4.2 Prepare balance sheet to reflect financial position of business at end of reporting period Assessments P PPP 4.3 Identify and correct, or refer errors for resolution in accordance with organisational policy and procedures PPP T/F: 16 Foundation Skills This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance. Skill Performance Criteria Description Location Reading 1.1-1.3, 2.1-2.4, 3.1-3.3, 4.1-4.3  Identifies and interprets information from organisational policies, procedures and job requirements  Checks documents for errors or discrepancies All Assessments & PPP
- 3. BSBFIA401 Prepare financial reports 3 Technical Education Australia – Mapping Course Version 19 June 2015 Trainer & Assessor Muna Haider muna@hmia.edu.au Writing 1.1, 1.3, 2.1-2.4, 3.1-3.3, 4.1-4.3  Records accurate data using relevant format, structure and vocabulary All Assessments Oral Communication 4.3  Explains issues clearly using appropriate industry terminology  Asks questions and listens to responses to clarify understanding Class participation Numeracy 1.1-1.3, 2.1-2.4, 3.1-3.3, 4.1-4.2  Uses a wide range of mathematical calculations to interpret and arrange/compare numerical information All Assessments PPP Navigate the world of work 1.1-1.3, 2.3, 2.4, 3.1, 4.1  Adheres to industry standards, organisational policies and procedures in the conduct of own work All Assessments Interact with others 4.3  Selects the appropriate form, channel and mode of communication for a specific purpose relevant to own role Story sharing Get the work done 1.1-1.3, 2.1-2.3, 3.2, 3.3, 4.1-4.3  Plans and completes tasks according to set guidelines and timelines  Recognises and addresses problems in the context of own work and seeks advice from others, as necessary  Uses digital technologies to access, record, store, organise and compile data as required All Assessments & PPP Range of Conditions This section specifies different work environments and conditions that may affect performance. Essential operating conditions that may be present (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) are included. Revenue statement comprises:  cost of goods sold if applicable  gross profit  operating net profit  unclassified adjusted expenses and revenue Balance sheet comprises:  narrative or T format
- 4. BSBFIA401 Prepare financial reports 4 Technical Education Australia – Mapping Course Version 19 June 2015 Trainer & Assessor Muna Haider muna@hmia.edu.au  unclassified assets and liabilities Links Companion volumes available from the IBSA website: http://www.ibsa.org.au/companion_volumes - http://www.ibsa.org.au/companion_volumes