Australian Financial Information Interpretation
This subject describes the skills and knowledge required to interpret financial information and reports used by organisations to monitor business performance and provide information on operational or departmental financial activities in the tourism, travel, hospitality and event sectors.
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Skills
Employability skills developed in this subject:
Interpreting Financial Records, Attention to Detail, Problem Solving, Communication, Financial Analysis and Forecasting, Record Keeping, Implementing Compliance.
Performance evidence
To complete the subject the participant has been able to demonstrate the ability to:
- Complete financial information documents and reports used to monitor business performance, including balance sheets, profit and loss statements and trial balances; and communicate financial information using precise terminology across account summaries, balances, bank documentation, business activity statements, invoices and journal entries.
Knowledge evidence
To complete the subject requirements safely and effectively the individual has been able to:
- Explain operational or departmental financial activities relevant to the industry including budgeting, forecasting and performance measurement; explain the purpose of the major financial reports; and distinguish fixed from variable costs.
eLearning skills
Digital and study skills applied throughout:
Computer Skills, Adaptability, Self Starter, Communication Skills, Writing Skills, Organisational Skills, Teamwork, Collaboration, Time Management, Research Skills.
Language
Medium of instruction:
English is the Medium of Instruction.
This excerpt includes information sourced from training.gov.au to complement our understanding. Most of the content is based on our interpretation of that information; please note its limited use for its intended purpose.