UNIT
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Release |
Comments |
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Release 1 |
This version first released with BSB Business Services Training Package Version 1.0. |
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.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Finance – Financial Administration
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 |
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Balance sheet comprises: |
narrative or T format unclassified assets and liabilities |
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Code and title current version |
Code and title previous version |
Comments |
Equivalence status |
|
BSBFIA401 Prepare financial reports |
BSBFIA401A Prepare financial reports |
Updated to meet Standards for Training Packages |
Equivalent unit |
Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=11ef6853-ceed-4ba7-9d87-4da407e23c10
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