Diploma of Accounting

Process financial transactions and extract interim reports

• Check and verify supporting documentation
• Prepare and process banking and petty cash documents
• Prepare and process invoices for payment to creditors and for debtors
• Prepare journals and batch monetary items
• Post journals to ledger
• Enter data into system
• Prepare deposit facility and lodge flows
• Extract a trial balance and interim reports

Prepare financial reports

• Maintain asset register
• Record general journal entries for balance day adjustments
• Prepare final general ledger accounts
• Prepare end of period financial reports

Provide financial and business performance information

• Assess client needs
• Analyse data
• Prepare advice

Implement and maintain internal control procedures

• Review corporate governance requirements
• Implement operating procedures
• Monitor policy

Manage budgets and forecasts

• Prepare budget
• Forecast estimates
• Document budget

Provide management accounting information

• Gather and record operating and cost data
• Analyse data
• Prepare budgeted reports
• Review costing system integrity

Prepare financial reports for corporate entities

• Compile data
• Prepare reports

Prepare tax documentation for individuals

• Gather client data and verify client, organisational and legislative requirements
• Identify, record and present client's tax documentation
• Lodge tax documentation

Interpret and use financial statistics and tools

• Apply statistical methods to work
• Source and interpret statistical data
• Analyse data using appropriate techniques and tools
• Record statistical data analysis results and records

Establish and maintain accounting information systems

• Identify and record system requirements
• Evaluate alternative systems
• Evaluate acceptance test system
• Prepare system documentation
• Implement reporting systems and records
• Monitor reporting systems
• Review reporting procedures

Apply economic principles to work in the financial services industry

• Identify economic principles and theories related to financial services functions and tasks
• Evaluate economic aspects that apply to decision making
• Review own work
• Maintain a personal understanding of economic policies