Financial Reporting
Prepare general-purpose financial statements and disclosure notes in accordance with applicable financial reporting framework
Type
Functional
Competency Area
Financial and Transaction Management
Levels
Measure tangible non- current assets and depreciation
Update asset journals in the accounting systems
Ensure that list of assets in system reflects the physical assets accurately
Ensure apporiate accounting treatment is made of all of assets is made
Interpret financial transactions and financial statements
Generate basic statements of all business transactions from accounting system
Review and resolve discrepancies and variances of basic statements
Review and check basic statements to ensure accuracy
Prepare financial statements and disclosure notes using Financial Reporting Standards (FRS)
Generate monthly financial statements from the organisation’s data and accounting systems
Analyse and review financial statements to ensure accuracy
Review and resolve discrepancies and variances in financial statements
Articulate conclusions from financial statements
Analyse the financial performance and position of entities to develop suitable accounting policies to meet their reporting requirements
Prepare finance commentaries for various business stakeholders
Ensure applicable financial reporting frameworks are used
Review the accuracy of financial statements and approve them
Review finance commentaries as prepared for various business stakeholders
Present conclusions and recommendations to the organisation’s management and leadership team