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