Rolf's qualification is designed to reflect the role of individuals working in accounting and seeking professional identification. At this level he is expected to apply theoretical and technical skills in a range of situations and to display initiative and judgement in planning activities. Rolf has autonomy in performing complex operations and can be responsible for planning, coordinating and evaluating the work of others within broad but generally well-defined parameters.

FNSACC301 Process financial transactions and extract interim reports

Rolf can prepare and process routine financial documents, prepare journal entries, post journals to ledgers, prepare banking and reconcile financial receipts, and extract a trial balance and interim reports

BSBFIA401 Prepare financial reports

Rolf is able to record general journal adjustment entries and to prepare end of period financial reports.

FNSACC501 Provide financial and business performance information

Rolf is able to analyse and report on a broad range of financial and business performance information and encompasses assessing clients’ needs, analysing data and preparing advice.

FNSACC502 Prepare tax documentation for individuals

Rolf is able to prepare non-complex income tax returns for individuals in accordance with statutory requirements, and encompasses gathering and verifying data, calculating taxable income and reviewing compliance requirements.

FNSACC503 Manage budgets and forecasts

Rolf is able to prepare, document and manage budgets and forecasts, and encompasses forecasting estimates and monitoring budgeted outcomes.

FNSACC504 Prepare financial reports for corporate entities

Rolf is qualified to prepare financial reports for a reporting entity and encompasses compiling and analysing data and meeting statutory reporting requirements.

FNSACC506 Implement and maintain internal control procedures

Rolf has the experience, skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy.

FNSACC507 Provide management accounting information

Rolf is able to gather, record and analyse operating and cost data, prepare budget reports and review costing systems integrity to calculate and record the costs of products and services.

FNSINC601 Apply economic principles to work in the financial services industry

Rolf is able to apply broad principles of financial economics that underpin a range of tasks and functions in the financial services industry. He has a strong understanding of how financial instruments are priced in markets and techniques and processes government and organisations use to manage financial risk demonstrating broad knowledge of economic theories and related decision-making in a national and organisational economic context.

FNSINC602 Interpret and use financial statistics and tools

Rolf has accomplished the application of techniques to access, interpret and analyse statistical data relevant to the financial services industry. He is experienced in producing new statistical information and reports from existing data using a range of tools and processes.

FNSACC604 Monitor corporate governance activities

Rolf Rolf is able to research corporate governance reporting trends, examine corporate governance standards and practices, and review compliance to develop and implement processes and procedures for meeting corporate governance obligations

FNSACC608 Evaluate organisation\'s financial performance

Rolf can evaluate returns to operations, determine short-term and long-term needs, and evaluate an organisation’s financial position and performance.

FNSACC609 Evaluate financial risk

Rolf can evaluate returns to operations, determine short-term and long-term needs, and evaluate an organisation’s financial position and performance.

FNSACC613 Prepare and analyse management accounting information

Rolf is able to gather, record and analyse operating costs and data, prepare cost reports and budgets, and calculate the costs of products, services and other organisational activities