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.


  1. Maintain asset register
  2. Record general journal entries for balance day adjustments
  3. Prepare final general ledger accounts
  4. Prepare end of period 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 p rinciples
  • 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

Nominal hours = 50 hours