BSBFIA 401 Prepare Financial Reports
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This BSBFIA 401 Prepare Financial Reports course unit describes the skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports. It implements to individuals engaged in a variety of work atmospheres, who are responsible for preparing the financial reports. They might be individuals offering administrative support within the project, or they might have duties for these tasks in relation to their own workgroup or responsibility.
Assessment tasks are going to be designed to strengthen and extend data and talent ability within the set, and controlled parameters in accordance with every unit's learning outcomes and performance criteria necessities, together with the setting of labour-based mostly use tasks designed to supply proof of ability outcomes, within the stated timelines. Under this course, students will be expected to demonstrate the subsequently needed skills:
- Turn out a close plus register and depreciation schedule.
- Accurately record entries for balance day adjustments.
- Prepare money reports.
- Trace and reconcile errors consistently.
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