FNSBKPG403A Establish and maintain an accrual accounting system Third Party Third Party Self- Evidence Performance Criteria Element Interview Observations Evidence Evaluation Individual All units Units 4.1 Bad debt status is verified through liaison with relevant 4. Identify and 4 3 6,7 6 3 persons and following attempts to work with debtors to process bad clear debts 4.2 Reporting procedures and appropriate documentation 4 3 6,7 6 3,5 are completed in accordance with organisational policies and procedures 4.3 Bad debts are processed to update debtors and general 4 3 6,7 6 3,5 ledgers 5.1 Activities and communication with debtors are reviewed 5. Manage debt 5 3 6,7 6 4,6 in conjunction with relevant persons, if applicable, to recovery establish adequacy of followup 5.2 Measures to collect monies, including the initiation of legal action and the seeking of expert advice, are 5 3 7 6 4,5,6 undertaken in accordance with organisational policies and procedures 6.1 Reports are produced and transactions in report are 6. Prepare and 6,7 4 8,9 6 validated produce reports and 6.2 Debtors and creditors are reconciled and relevant reports balance 6,7 4 8,9 1,2 are produced 6,7 4 8,9 1,2 6.3 Any necessary corrections are made 8 4 10 5 7 6.4 balance is produced
FNSBKPG403A Establish and maintain an accrual accounting system Element Performance Criteria Self- Evaluation Interview Observations Third Party Evidence All units Third Party Evidence Individual Units 4. Identify and process bad 4.1 Bad debt status is verified through liaison with relevant persons and following attempts to work with debtors to clear debts 4 3 6,7 6 3 4.2 Reporting procedures and appropriate documentation are completed in accordance with organisational policies and procedures 4 3 6,7 6 3,5 4.3 Bad debts are processed to update debtors and general ledgers 4 3 6,7 6 3,5 5. Manage debt recovery 5.1 Activities and communication with debtors are reviewed in conjunction with relevant persons, if applicable, to establish adequacy of followup 5 3 6,7 6 4,6 5.2 Measures to collect monies, including the initiation of legal action and the seeking of expert advice, are undertaken in accordance with organisational policies and procedures 5 3 7 6 4,5,6 6. Prepare and produce reports and balance 6.1 Reports are produced and transactions in report are validated 6,7 4 8,9 6 6.2 Debtors and creditors are reconciled and relevant reports are produced 6,7 4 8,9 1,2 6.3 Any necessary corrections are made 6,7 4 8,9 1,2 6.4 balance is produced 8 4 10 5 7
BOS1209_Cert%20IV%20Finance%20RPL.docx