Financial Reporting

Financial-Reporting

Financial Reporting


Price:

$300.00


TOTAL: $300.00
Price:

$300.00

Units of Competency

2

Course Access

3 months access to online course

Support Hours

7am - 9pm AEST (Mon - Fri),
9am - 1pm AEST (Sat - Sun)

Assessments Marked

Within 5 business days

Course Requirements

  • Sufficient literacy and numeracy skills to complete the course
  • Access to an internet connection

Delivery Mode

100% online, no classroom attendance

Trainer Support

One-on-one

Learning and assessment options

Your workplace or our virtual company as your simulated workplace

START YOUR BUSINESS ON THE RIGHT TRACK

Your success story begins here.

View Small Business Courses

Financial reporting is required for all industries in a range of work environments. Have you been asked to create financial reports or would you like to take on more financial responsibilities in your own workplace? You may be providing administrative support within an enterprise, or you might have responsibility for these financial tasks in relation to your workgroup or role.

These units of competency offer you current industry required skills to record general journal adjustment entries, prepare end of period financial reports, and report on financial activities.

View the units below to understand what this course offers and how it delivers specific skills and knowledge in a practical sense which you can relate to financial reporting and activities.

Successful completion of the two units of competency outlined below for this short course will earn you a Statement of Attainment in partial completion of BSB40515 Certificate IV in Business Administration.

Career Opportunities

  • Accounts Clerk
  • Book Keeper
  • Business Owner
  • Administrative Assistant
  • Financial Controller

You may use one of the units of this short course to credit transfer towards the below qualifications at AOT:

  • BSB40515 Certificate IV in Business Administration
  • BSB40215 Certificate IV in Business
  • BSB42615 Certificate IV in New Small Business
  • BSB42015 Certificate IV in Leadership and Management
  • BSB41015 Certificate IV in Human Resources

Talk to our course advisor for more information on credit transfer rules and the qualification that will best suit your needs.

We provide you with three (3) months to complete this course. How long it actually takes will be reflective of the time you are able to dedicate to your studies.

This course could be completed within 15 – 20 hours of study per unit. It may take you less time, it may take you more. That is why we give you three (3) months and all the support you need. The rest is up to you!

BSBFIA401 Prepare financial reports

Upon successful completion of this unit, you will:

      • produce a detailed asset register and depreciation schedule
      • accurately record entries for balance day adjustments
      • prepare financial reports
      • trace and reconcile errors systematically or seek expert advice if required
      • apply double-entry principles
      • complete all tasks according to organisational policies and industry standards
Demonstrate knowledge of:
    • double-entry bookkeeping principles
    • general journal and general ledger entries
    • the key provisions of relevant legislation, regulations, standards and codes of practice in the preparation of financial reports
    • organisational accounting systems
    • relevant organisational policies, procedures and accounting standards

BSBFIA402 Report on financial activity

Upon successful completion of this unit, you will:

      • organise and present financial data including budget variances, budgets and forecasts, cash flow/profit reports, balance sheets, financial year reports, operating statements, expenditure and receipts and profit and loss statements to highlight relevant features and meet workplace requirements
      • use conversion and consolidation procedures such as moving averages, standardised variables, trend analysis and unit costs
      • identify, resolve or refer discrepancies such as absence of auditable trail, expenditure report mismatches, incorrect payments and unreconciled cash flows
      • record income and expenditure to meet statutory requirements
      • calculate liabilities for tax including completing Business Activity Statements
      • provide financial business recommendations
      • apply knowledge of relevant legislation and regulations
      • perform double entry bookkeeping and accrual accounting
Demonstrate knowledge of:
    • the key provisions of legislation, regulation and codes of practice relevant to financial operations
    • the techniques used for forecasting and analysis
    • the options, methods and practices for deductions, benefits and depreciations

You will be assessed for these units of competency using a variety of tasks to assess your understanding and skills. A virtual session means you will be one on one with your assessor either answering questions or taking part in a role play, just as you would do in any classroom, only we do it online.

All of our assessments are marked by your assessor within five working days following the day you submitted your work. You have three attempts for each task to achieve a competency result, with your assessor giving you detailed feedback following each submission.

Unit Short Answer
Questions
Virtual
Session
Scenario
/Case study
Reports Assignment
/Project
BSBFIA401 Prepare financial reports
BSBFIA402 Report on financial activity

Requirements

There are no formal requirements. However, learners will need:
  • Sufficient language, literacy and numeracy skills to complete the course
  • Basic computer skills
    • Knowledge of common computing terms and word processing
    • Proficiency with web browser software and sending/receiving e-mail including e-mail with attachment
    • Familiarity with navigating the Internet
  • To meet technical requirements

Technology requirements

  • Operating System: Windows 7 or higher (recommended); MAC OS X 10.6 (Snow Leopard) or higher (recommended)
  • CPU: Min. of 2 GB of RAM, Min. of 2 GB of spare disk space is recommended
  • Processor: 2.0 GHz processor or higher (32-bit or 64-bit)
  • Monitor w/ at least 1024x768 screen resolution
  • Internet access: Minimum ADSL1 with a speed of at least 1.5Mbps
  • Valid personal email address
  • Sound card
  • Speakers and microphone/headset
  • Access to a webcam, photocopier, printer & scanner
  • The latest version of Java, QuickTime, Adobe Reader, Adobe Flash Player
  • Word processing software e.g. Microsoft Office
  • Up-to-date web browser version

Support you can expect from AOT

Our focus is to provide the real-world skills and knowledge that you need to advance your career, fulfill your goals and achieve success in the workplace. No matter what course you choose, here at AOT you will receive the assistance and support that will help make your study time convenient, manageable and worthwhile.

The benefit of studying with us is that you don't have to schedule your time to attend face-to-face classroom sessions. You can study at times convenient to you in your own home or anywhere that suits your learning style.

To support you in your study we provide:


Personal course induction
A Student Support Officer will personally take you through the sauceLMS and your course.

Live chat
Instant support available by a trainer whilst you are studying 7am - 9pm AEST (Mon to Fri), 9am - 1pm AEST (Sat to Sun).

Contact us form
Contact us at any time using the Contact us form found within your course to create support tickets.

Mentoring sessions
You can book an appointment with your personal trainer to discuss the learning material, assessment expectations, or assessment feedback.

Virtual Classroom sessions
This can be booked with your trainer for specific assessments.

Help and Support
A section on your sauceLMS dashboard with useful links including FAQs.

You are not alone in your study with AOT!