COLLEGE OF ACCOUNTING TECHNICIANS - ASSESSMENT OF COMPETENCE: EVIDENCE PORTFOLIO

Your name: Referees name:

Proposers Name:

Date submitted:

You should complete the document as far as possible providing evidence that is Valid, Authentic, Current and Sufficient. Validity is about relevance: If you provide documents showing previous training you have completed or experience you have had, this must be relevant to the AT College membership requirements. Authenticity is about genuineness: You need to be able to prove the work you are providing to prove their skills and knowledge was done by you. Currency is about being up to date: Can you prove you currently have the required skills and knowledge not just that you had them in the past? Do your skills and knowledge reflect current practice? Sufficiency is about having enough proof: Do you have enough proof to show you have all the required skills and knowledge, and can you show that you have performed these skills and knowledge to the required standard for a period of time? Types of Evidence may include, but are not limited to: Training: Other qualification, certificates from industry training, on-the-job training and/or short courses relevant to the accounting profession

Workplace documents: samples of work - Reports, memos, brochures, presentations, briefs, projects, assignments, spreadsheets etc (please ensure that these are made anonymous or you have permission to provide the information. References: current/previous employer(s), and/or client(s) and/or trainer(s) Curriculum Vitae: includes positions, enterprise name/address, dates of employment, duties, achievements. Please ensure that your detailed CV contains reference numbers for each area of competency that you are referencing in the table below. Third Party Report: from employer(s), clients/signed statement from current/previous employer and/or trainer; appraisal Observation Report: report prepared by workplace supervisor or assessor following observation in the workplace Assessor Oral Questions Report: report prepared by assessor following interview with candidate Other: Current professional association membership or other evidence relevant to working in the accounting profession You can use a number of different types of evidence to demonstrate your competence, for example a letter, excel spreadsheet, report or witness testimony. As you may be referring to an individual piece of evidence more than once in your evidence summary you will need to cross reference all pieces of evidence by giving each a unique number and refer to page number, paragraph number etc. This number should be included in the evidence document name when you submit it.

JN 9653

UK Level 2
Learning Outcomes: Self Assessment Checklist Please initial each learning area to confirm that you understand the principles and can carry out the activities for each knowledge area. Assumed Knowledge Areas 2.1 Basic Costing Understand the cost recording system within an organisation and be able to use the cost recording system to record or extract data. Use spreadsheets to provide information on actual and budgeted income and expenditure. 2.2 Computerised Accounting Enter accounting data at the beginning of an accounting period, record customer and supplier transactions. Record and reconcile bank and cash transactions and use journals to enter accounting transactions. Produce reports and maintain the safety and security of data held in the computerised accounting system. 2.3 Processing book-keeping transactions Understand the principles of processing financial transactions and the double entry bookkeeping system including discounts. Prepare and process financial documentation for customers, process supplier invoices and credit notes and calculate payments. Maintain the cash book and petty cash records. Process ledger transactions and extract a trial balance. 2.4 Control accounts, journals and the banking system Understand the purpose and use of control accounts and journals. Maintain and use control accounts and use the journal. Reconcile a bank statement with the cash book. Understand the banking process and retention and storage requirements relating to banking documents. I confirm that I am competent in this area (applicants initials)

UK Level 3
At Level 3 a MINIMUM of six (out of the nine) competence areas must be based on your experience. You may only top-up three competence areas out of the nine required.

Applicant to complete
3.1 Principles of accounts preparation (knowledge) Understand generally accepted accounting principles and concepts Understand the principles of double entry bookkeeping Understand the accounting methods used to record assets, liabilities, income, expenses and capital Understand the need for, and the process involved in preparation of final accounts 3.2 Extend the trial balance using accounting adjustments (skill) Account for adjustments Prepare a trial balance Complete the trial balance after adjustments 3.3 Prepare final accounts for sole traders (skill) Prepare accounting records from incomplete information Produce accurate final accounts 3.4 Account for Fixed Assets (skill) Account for the purchase of fixed assets Account accurately for depreciation Account for the disposal of fixed assets Take appropriate action when dealing with issues arising from fixed asset records 3.5 Principles of Cash Management (knowledge) Understand how the external environment impacts on how an organisation manages cash assets Be able to make informed decisions regarding the management of cash balances within an organisation Understand a range of accounting and other business techniques used to improve the efficiency of cash management procedures within an organisation

Referee initials

Your Evidence*

Evidence Reference

Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

3.6 Cash Management (skill) Prepare forecasts of income and expenditure for a given accounting period Use forecasts to monitor cash flow within the organization Use cash balances effectively 3.7 Principles of Costing (knowledge) Demonstrate an understanding of the role of costing within the organization Advise on the most appropriate costing methods to use within an organization Understand the principles of using costing as a decision making tool 3.8 Principles of GST (knowledge) Understand GST regulations 3.9 Spreadsheet Software (skill) Use a spreadsheet to enter, edit and organise numerical and other data Select and use appropriate formulas and data analysis tools and techniques to meet requirements Use tools and techniques to present, and format and publish spreadsheet information

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

UK Level 4
At Level 4, you must complete FOUR competence areas from the following: 4.1 Drafting Financial Statements 4.2 Budgeting 4.3 Managing and Measuring Financial Performance 4.4 Internal Control 4.5 Evaluating Accounting Systems 4.6 Personal Tax 4.7 Business Tax At least TWO MUST INCLUDE: 4.1 Drafting Financial Statements, 4.2 Budgeting or 4.3 Managing and Measuring Financial Performance. You may only top-up three competence areas out of the FOUR required. The evidence you provide must demonstrate that you have an understanding (knowledge) of the principles of each competence area as well as the skills to carry out the various activities.

Applicant to complete
4.1 Understanding and drafting Financial Statements (knowledge and skill) Understand the regulatory framework that underpins financial reporting Understand the key features of a published set of accounts Understand basic principles of consolidation Appreciate the analysis and interpretation of financial statements Draft statutory financial statements for a limited liability company Draft simple consolidated financial statements Interpret financial statements using ratio analysis 4.2 Understanding and preparing budgets (knowledge and skill) Demonstrate an understanding of the impact of internal and external business factors on budgets Understand why budgets are used Understand the skills needed in budget preparation Prepare forecasts and budgets Understand the impact that changes in the economic environment will have on the budget Use budgetary control to ensure organizational targets are met Your Evidence* Evidence Reference Your Evidence* Evidence Reference

Referee initials Competent Y/N?

Competent Y/N?

4.3 Manage and Measure Financial Performance (knowledge and skill) Demonstrate an accurate understanding of the internal and external factors that affect organizations Be aware of the cost accounting techniques needed in monitoring financial performance Understand the techniques necessary for measuring performance and managing costs Collate information from various sources and prepare routine cost reports Make suggestions for improving financial performance by monitoring and analysing information Prepare performance reports for management 4.4 Principles of Internal Control (knowledge) Demonstrate an understanding of the role of accounting within the organisation Understand the importance and use of internal control systems Be able to identify and use the appropriate accounting system to meet specific organizational requirements 4.5 Evaluate Accounting Systems (skill) Evaluate the accounting system and identify areas for improvement Make recommendations to improve the accounting system 4.6 Personal Tax (knowledge and skill) Demonstrate an understanding of legislation and procedures relating to personal tax Understand the current taxation principles of income from employment Understand the current taxation principles of savings, non savings and dividend income for an individual Understand the current taxation principles of property income for an individual Calculate accurately the tax payable on income Correctly determine uomi & Penalties Prepare accurate computations and complete the relevant parts of the self assessment tax returns correctly

Your Evidence*

Evidence Reference

Competent Y/N?

Your Evidence*

Evidence Reference

Competent Y/N?

Your Evidence*

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Competent Y/N?

Your Evidence*

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Competent Y/N?

4.7 Business Tax (knowledge and skill) Understand the impact of legislation and legislative changes Understand tax law and its implications for unincorporated businesses Understand tax law and its implications for incorporated businesses Prepare the relevant pages of a tax return for an unincorporated business and accurately produce the computations to support this Correctly complete company tax returns with all supporting computations for incorporated businesses GST Knowledge

Your Evidence*

Evidence Reference

Competent Y/N?

Referee initials 5.1 NZICA Non-technical Competencies (knowledge and skill) Work with others and in teams Plan, organise and monitor activities Use information technology effectively Research, analyse and evaluate information Apply mathematical ideas and techniques Solve problems and propose solutions Consistently demonstrate personal integrity, professional values, ethical conduct and motivation Adhere to appropriate standards and statutes Communicate ideas and information effectively and efficiently, verbally and in writing Identify and meet the needs of internal and external clients or stakeholders Competent Y/N?