TSC Category Corporate Reporting TSC Financial Closing TSC Description out month-end closing and reconciliation to ensure financial records are maintained properly TSC Proficiency Level 1 Level 2 Level 3 Level 4 Level 5 6 Description ACC-CRP-2002-1.1 ACC-CRP-3002-1.1 ACC-CRP-4002-1.1 Perform reconciliation on Perform month end closing Assess the technical account balances activities in a timely and aspects of financial accurate manner accounting and reporting processes Knowledge Double-entry accounting Organisation’s financial Organisation’s financial Accounting standards for reporting framework in reporting framework tangible and intangible relation to the Financial Accounting standards assets, inventory, Reporting Standards and regulatory financial assets, (FRS) requirements liabilities Accounting principles Best practices in Reporting needs of behind assets, financial managing organisation’s internal stakeholders instruments, leases, financial information employee benefits, taxes, provisions, and contingencies Operate double-entry Analyse financial data to Provide financial advice Abilities accounting systems understand the financial to the organisation’s using books of prime performance and management on the entry, journals and position of the financial position of the ledger accounts organisation business Record transactions Prepare trial balances Implement best practices relating to and forecasts in preparing and purchases, receivables, Calculate accruals and managing the payables and cash prepayments organisation’s financial Calculate customer Ensure that financial information account balances and records are maintained reconcile with totals properly
TSC Category Corporate Reporting TSC Financial Closing TSC Description out month-end closing and reconciliation to ensure financial records are maintained properly TSC Proficiency Description Level 1 Level 2 Level 3 Level 4 Level 5 6 ACC-CRP-2002-1.1 ACC-CRP-3002-1.1 ACC-CRP-4002-1.1 Perform reconciliation on account balances Perform month end closing activities in a timely and accurate manner Assess the technical aspects of financial accounting and reporting processes Knowledge Double-entry accounting Accounting standards for tangible and intangible assets, inventory, financial assets, liabilities Reporting needs of internal stakeholders Organisation’s financial reporting framework in relation to the Financial Reporting Standards (FRS) Accounting principles behind assets, financial instruments, leases, employee benefits, taxes, provisions, and contingencies Organisation’s financial reporting framework Accounting standards and regulatory requirements Best practices in managing organisation’s financial information Abilities Operate double-entry accounting systems using books of prime entry, journals and ledger accounts Record transactions relating to purchases, receivables, payables and cash Calculate customer account balances and reconcile with totals Analyse financial data to understand the financial performance and position of the organisation Prepare trial balances and forecasts Calculate accruals and prepayments Ensure that financial records are maintained properly Provide financial advice to the organisation’s management on the financial position of the business Implement best practices in preparing and managing the organisation’s financial information
2-Financial-Closing.docx