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
