AE(C)2 Evaluates or AE(C)2.2 Evaluates or accounts for non-routine transactions, for accounts for example accounting estimates, transactions requiring the entity’s judgement, business acquisitions, disposals of assets or transactions, groups of assets, discontinued operations, deferred tax, including etc. AE(C)2.3 Prepares or evaluates reconciliations of financial transactions information, for example bank reconciliations, accounts payable reconciliation, general ledger control account reconciliations, reconciliations between management accounts and the general ledger, etc. AE(C)3 Prepares or AE(C)3.1 Prepares or evaluates financial statements in accordance evaluates with the identified accounting framework financial AE(C)3.2 Prepares or evaluates notes to the financial statements in statements accordance with the identified accounting frameworks and AE(C)3.3 Prepares or evaluates the non-financial information in the accompanying annual financial statements, for example Directors’ notes Report, Corporate Governance Report, Sustainability Report, Integrated Report, etc. AE(C)4 Interprets AE(C)4.1 Calculates performance, efficiency (activity), solvency financial and liquidity ratios from the financial statements statements AE(C)4.2 Based on the ratios calculated in AE(C)4.1, evaluates the performance, efficiency (activity), solvency and liquidity ratios from the financial statements ELECTIVE SKILL AUDITING AND ASSURANCE (ELECTIVE) Mode through which exposure will Expected levels of competence be gained (i.e. at the end of each year of the Detailed examples of activities to be on-the-job Competency to be training contract performed by trainees to demonstrate experience/ achieved Tasks to be performed Yr1 Yr2 Yr3 Yr4 Yr5 competence in this task simulation) AA(E)1 Performs AA(E)1.1 Evaluates the nature, scope, standards and legislation engagement applicable to a particular
AE(C)2 Evaluates or accounts for the entity’s transactions, including transactions AE(C)2.2 Evaluates or accounts for non-routine transactions, for example accounting estimates, transactions requiring judgement, business acquisitions, disposals of assets or groups of assets, discontinued operations, deferred tax, etc. AE(C)2.3 Prepares or evaluates reconciliations of financial information, for example bank reconciliations, accounts payable reconciliation, general ledger control account reconciliations, reconciliations between management accounts and the general ledger, etc. AE(C)3 Prepares or evaluates financial statements and accompanying notes AE(C)3.1 Prepares or evaluates financial statements in accordance with the identified accounting framework AE(C)3.2 Prepares or evaluates notes to the financial statements in accordance with the identified accounting frameworks AE(C)3.3 Prepares or evaluates the non-financial information in the annual financial statements, for example Directors’ Report, Corporate Governance Report, Sustainability Report, Integrated Report, etc. AE(C)4 Interprets financial statements AE(C)4.1 Calculates performance, efficiency (activity), solvency and liquidity ratios from the financial statements AE(C)4.2 Based on the ratios calculated in AE(C)4.1, evaluates the performance, efficiency (activity), solvency and liquidity ratios from the financial statements ELECTIVE SKILL AUDITING AND ASSURANCE (ELECTIVE) Competency to be achieved Tasks to be performed Expected levels of competence at the end of each year of the training contract Detailed examples of activities to be performed by trainees to demonstrate competence in this task Mode through which exposure will be gained (i.e. on-the-job experience/ simulation) Yr1 Yr2 Yr3 Yr4 Yr5 AA(E)1 Performs AA(E)1.1 Evaluates the nature, scope, standards and legislation applicable to a particular engagement