Profile
LO 1: Learners should be able to explain the importance of implicating data accuracy, reliability and taxes compliance in consolidation processes used to compile data when presenting of financial statements in accordance with organisational policies and procedures
Mapped to :
- (K1) Conversion and consolidation processes used to compile data in accordance with organisational policies and procedures
- (K2) Importance of accuracy and data reliability in accordance with organisational policies, procedures and financial reporting standards
- (K3) Importance of compliance of valuations with relevant financial reporting standards
- (K4) Types of taxation effects
- (A1) Check completeness and compliance of data for true and fair presentation of financial statements
LO2- Learners should be able to identify entities or subsidiaries to allow management to consolidate financial statements and compliance of valuations in complying with financial reporting standards
Mapped To :
- (A2) Identify reporting entities to allow management to consolidate financial statements for
subsidiaries
- (K5) Considerations in identifying entities and subsidiaries that are obliged to prepare general financial reports that fully comply with financial reporting standards
LO3 – Learners should be able to evaluate the data value, accuracy, completeness and calculation for financial report presentation. required by Government and industry bodies.
Mapped to :
- (K6) Value in providing evidence to support data accuracy and calculations
- (A4) Ensure accuracy of facts and figures presented in financial statements
- (A5) Check accuracy and completeness of data for Financial returns required by Government and industry bodies.
LO4 – Learners should be able to determine method to review report data accuracy and compliance to complete financial returns for government and industry bodies
Mapped to :
- (K7) (k8} {A6} {A3)
What You'll Learn
Verify accuracy of financial
reports based on reporting.
Conversion and
consolidation processes
used to compile data in
accordance with
organisational policies
and procedures.
- Importance of accuracy
and data reliability in
accordance with
organisational policies,
procedures and financial
reporting standards.
- Importance of
compliance of valuations
with relevant financial
reporting standards.
- Types of taxation effects.
- Considerations in
identifying entities and
subsidiaries that are
obliged to prepare
general financial reports
that fully comply with
financial reporting.
standards
- Value in providing
evidence to support data
accuracy and
calculations.
- Considerations in
completing financial
returns for government
and industry bodies standards compliance.
Methods to ensure
accuracy of financial
reports.
Check completeness
and compliance of data
for true and fair
presentation of financial
statements.
- Identify reporting entities
to allow management to
consolidate financial
statements for
subsidiaries.
- Review accounting
records and financial
reports.
- Ensure accuracy of facts
and figures presented in
financial statements
- Check accuracy and
completeness of data for
financial returns required
by government and
industry bodies.
- Ensure compliance with
financial reporting
standards.
Minimum Entry Requirement
This course is targeted to Prepare consolidated financial reports for stakeholders to review, and develop financial planning and analysis for those working or intending to work in the tourism industry. The course will develop tourism financial planning and analysis in target segments, review market needs and opportunities to better meet the needs of existing markets and bring benefits to the organisation, and develop customer relationships for those working or intending to work in the tourism industry.
Learners must be at least 25 years old and have at least 2 years of work experience in an executive position in the tourism-related industry.
Academic Requirements:
- GCE 'O' level, with pass in English
- WSQ/Polytechnic Diploma
Literacy Requirements:
- Achieve a minimum band of 5 in IELTS OR
- Workplace Literacy (Comprehensive) Level 5
Assumed Skills, Knowledge and Attitude
- Able to understand Business Management
- Able to perform basic tasks and functions in touri