Course Title: Prepare financial statements for non-reporting entities

Part A: Course Overview

Program: C4362 Certificate IV in Bookkeeping

Course Title: Prepare financial statements for non-reporting entities

Portfolio: BUS Portfolio Office

Nominal Hours: 60

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

Face-to-Face or Internet

Term1 2016,
Term2 2016,
Term1 2017,
Term1 2018,
Term2 2018

Course Contact: Doug Gourlay

Course Contact Phone: +61 3 9925 5944

Course Contact Email:

Course Description

This unit describes the skills and knowledge required to develop a range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators.

It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information.

Pre-requisite Courses and Assumed Knowledge and Capabilities

There are no pre-requisites for this unit.

National Competency Codes and Titles

National Element Code & Title:

FNSACC404 Prepare financial statements for non-reporting entities


1. Compile data

2. Prepare reports

Learning Outcomes

Overview of Assessment

In order to achieve competency in this unit, you must provide:

Performance Evidence

Evidence of the ability to:

  • access, analyse and compile relevant financial data
  • draft comprehensive and accurate reports and financial statements that comply with generally accepted accounting principles.

Knowledge Evidence

To complete the unit requirements safely and effectively, you must:

  • identify and describe the key features of financial legislation covering:
    • taxable transactions
    • reporting requirements
  • compare and contrast:
    • ratios and comparison techniques
    • methods of presenting financial data
  • describe different methods of calculating depreciation
  • describe the key features of organisational guidelines and procedures relating to preparing financial statements for non-reporting entities
  • outline the process and principles of double-entry bookkeeping and accrual accounting.

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

  • common office equipment, technology, software and consumables.

You are advised that you are likely to be asked to personally demonstrate your assessment work to your teacher to ensure that the relevant competency standards are being met.


Feedback will be provided throughout the semester in class and/or online discussions.  You are encouraged to ask and answer questions during class time and online sessions so that you can obtain feedback on your understanding of the concepts and issues being discussed. Finally, you can email or arrange an appointment with your teacher to gain more feedback on your progress.

You should take note of all feedback received and use this information to improve your learning outcomes and final performance in the course.