Course Title: Prepare financial reports

Part A: Course Overview

Program: C4324

Course Title: Prepare financial reports

Portfolio: BUS

Nominal Hours: 50.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


City Campus


650T Vocational Business Education

Distance / Correspondence or Face-to-Face or Internet or Workplace

Term1 2013,
Term2 2013,
Term1 2014,
Term2 2014,
Term1 2015,
Term2 2015

Course Contact: Jenny Wotzko

Course Contact Phone: +61 3 99255701

Course Contact Email:

Course Description

This unit describes the performance outcomes, skills and knowledge required to record general journal adjustment entries and to prepare end of period financial reports.
No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.

This course is clustered with:

  • ACCT5303C (FNSACC301A) Process financial transactions & extract interim reports
  • ACCT5304C (FNSACC404A) Prepare financial statements for non reporting entities
  • ACCT5306C (FNSACC302A) Administer subsidiary accounts & ledgers
  • COSC6059C (FNSACC406A) Set up & operate a computerised accounting system

Pre-requisite Courses and Assumed Knowledge and Capabilities


National Competency Codes and Titles

National Element Code & Title:

BSBFIA401A Prepare financial reports


1. Maintain asset register

2. Record general journal entries for balance day adjustments

3. Prepare final general ledger accounts

4. Prepare end of period financial reports

Learning Outcomes

Overview of Assessment

Assessment may incorporate a variety of methods including technical requirements documentation, homework, assignments, group and/or individual projects, in class exercises, written and practical tests, problem solving exercises, presentations, direct observation of actual and simulated work practice, presentation of a portfolio of evidence which may comprise documents, and/or photographs and/or video and audio files, review of products produced through work-based or course activities.

You are advised that you will be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met. You will be provided with feedback throughout the course to check your progress.