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BSBFIA401 Prepare Financial Reports

tag 3 Downloads 11 Pages / 2,580 Words tag 30-04-2021
  • Course Code: BSBFIA401
  • University: Victoria University
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  • Country: Australia


To complete the unit requirements safely and effectively, the individual must:

  • Explain double-entry bookkeeping principles
  • Identify general journal and general ledger entries
  • List the key provisions of relevant legislation, regulations, standards and codes of practice that may preparation of financial reports
  • Describe organisational accounting systems
  • Outline relevant organisational policies, procedures and accounting standards. 

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.
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Total 11 pages

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