This unit describes skills and knowledge required to prepare financial reports in line with statutory reporting requirements. This includes compiling and analysing financial data.

The unit applies to individuals employed in a range of work environments who are responsible for preparing financial reports. They may be individuals providing administrative support within an organisation, or they might have responsibility for these tasks in relation to their own workgroup or role.

Learning Outcomes:

• Compile and analyse financial data 
• Report general journal entries for balance day adjustments 
• Prepare end of period financial reports

How will you benefit?

You will have the opportunity to develop your practical leadership skills to:

• prepare a financial report on at least two occasions.

• produce a detailed asset register and depreciation schedule
• record entries for balance day adjustments
• use conversion and consolidation procedures including moving averages, standardised variables, trend analysis and unit costs
• apply double-entry principles and accrual accounting

You will have the opportunity to develop your practical leadership skills of:

• double‑entry and accrual principles
• provisions of relevant legislation, regulations, standards and codes of practice relevant to financial operations, taxable transactions and reporting requirements
• components of organisational accounting systems
• organisational policies, procedures and accounting standards relating to preparation of financial reports
• organisational financial data, including:

• budget variances
• budgets and forecasts
• cash flow and profit reports
• balance sheets
• financial year reports
• operating statements
• expenditure and receipts
• profit and loss statements
• types of assets including property, plant and equipment
• comparative financial performance

• financial discrepancies including:

• absence of auditable trail
• expenditure report mismatches
• incorrect payments and unreconciled cash flows

• techniques used for financial forecasting and analysis
• options, methods and practices for deductions, benefits and depreciations
• ethical requirements associated with preparing financial reports for corporate entities, including conflict of interest, confidentiality, and disclosure requirements
• industry-standard methods and formats used to present financial data.

BSBPMG430 Undertake project work provides the foundation of work for many industries. What is surprising is that many industries who work with projects do not study project management. This includes architects and engineers. ACWE (RTO 40857) approach to our BSB40520 Certificate IV in Leadership and Management is a foundation subject for our qualification. 

The learning outcomes 

• Establish project parameters
• Develop project plan
• Administer and monitor project
• Finalise and review project

How you will benefit? You will develop the practical skills to:

• Apply leadership theory to understand projects and project management
• Identify and implement the phases of a project’s life cycle
• Enhance your skills to 'pitch' your ideas and make presentations
• Enhance your skills to manage competng priorities
• Use different tools for planning and managing your projects
• Complete a Project Charter, Statement of Work, and other project managing tools effectively 
• Understand the importance of monitoring and recording 'lessons learned' for every project

You will develop the knowledge of:

• project management tools
• types of documents and other sources of information commonly used in defining the parameters of a project
• mission, goals, objectives and operations of the organisation
• relevant legislation and regulations, including work health and safety (WHS) requirements, for project planning
• project management processes according to policies and procedures of the organisation and including:

• lines of authority and approvals
• quality assurance
• human resources
• budgets and finance
• risk management
• recordkeeping

What will be covered

• Defining and scoping your project 
• Understanding the distinction between routine work and project work and why this is important.
• How projects can create business improvements
• Project life cycle and phases and why they are important
• Pitching your own project ideas to management
• Essential Leadership skills for a project manager
•    How to confirm the quality of project outcomes according to expectations of the organisation
•    How to effectively onsult and communicate with relevant stakeholders to generate input and engagement   in planning, implementing and reviewing the project
•   How to provide support to team members to encourage them to achieve deliverables and to effectively transition to BAU (Business as usual)