FNSACC524 - Prepare financial reports for corporate entities

    Unit code: FNSACC524 | Study level: TAFE
    Footscray Nicholson


    This unit describes the skills and knowledge required to prepare financial reports for a corporate reporting entity according to statutory reporting requirements. This includes compiling and analysing data for the reports.The unit applies to individuals who use specialised knowledge and analytical skills to prepare financial reports that meet specific compliance requirements.


    For Melbourne campuses

    Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

    Students will be expected to demonstrate the following required skills:

    • prepare at least one of each of the following financial reports for corporate entities:
    • shareholders’ funds report
    • report aiding the acquisition of a corporate entity
    • tax affected account report
    • consolidated financial report.
      In the course of the above, the candidate must confirm that data and reports comply with:
    • organisational policies and procedures
    • ethical requirements
    • required accounting standards
    • statutory and reporting body requirements.

    Required reading

    The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the VU Polytechnic and/or via the Victoria University Polytechnic e-Learning system.

    As part of a course

    This unit is studied as part of the following course(s):

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