In your own work environment or a simulated workplace environment, demonstrate that you

can do the following:

Compile financial information and data for preparing an annual financial report 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 in data such as incorrect payments and

unreconciled cash flows

Prepare the report to statutory and organisational requirements, including adherence to

workplace financial policies and procedures

Calculate liabilities for tax including completing Business Activity Statements (as

applicable)

From your report, provide financial recommendations to assist the organisation in the next

year's financial performance and discuss these with your direct manager (or individual

representing your direct manager as directed by your trainer/assessor).

Throughout this activity, you will need to demonstrate that you can perform double-entry

bookkeeping and accrual accounting in the tasks listed above. You will also need to

demonstrate and apply knowledge of relevant legislation and regulations.