13414 SO1 (AC1), (AC2), (AC3), (AC4)

1.1 COLLECT the information needed to prepare financial statements of your organisations:

1. DRAW up a checklist of all the information you will required to prepare financial statements according to generally accepted accounting principles
2. IDENTIFY where you will get the required information identified in the checklist
3. COLLECT all the required information as per the checklist. IDENTIFY gaps between the information required and information acquired and collect all the additional information