KEY PERFORMANCE
| UNIT | ELEMENTS |
| 1. Financial Information | (a) Preparation of Financial Statements for external purposes. | - Appraise and analyse information for preparation of financial statements.
- Prepare and present financial statements.
- Advise on relevant regulatory obligations and provide support in meeting such.
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| (b) Preparation of financial statements for management. | - Appraise and analyse information required for management information.
- Prepare and present management accounts and financial information.
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| (c) Assist in the development and implementation of accounting systems. | - Identify needs and potential changes in the organisations systems.
- Assist in the evaluation of changes to accounting systems.
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| 2. Business Analysis and Performance Management. | (a) Planning and monitoring business performance. | - Assist in the identification of financial objectives and performance measures.
- Assist in the introduction of systems to plan and measure financial performance.
- Assist in the monitoring and reporting on financial performance.
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| (b) Identify and analyse costs of products and services. | - Identify costs of products and services.
- Determine and calculate actual costs of products and services.
- Identify potential profitability and advise on reduction of costs.
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| (c) Expenditure and budgetary control | - Prepare and agree budgets for activities, and spending proposals.
- Monitor budgets and report through variance analysis.
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| 3. Taxation | (a) Compute tax payable/ liabilities | - Compute tax payable by clients/organisations.
- Negotiate with tax authorities.
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| (c) Tax Planning | - Advise on tax liabilities and payments.
- Assist clients/management in tax planning.
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| 4. Statutory Audit | (a) Planning and Control for a statutory audit. | - Determine the level of audit risk.
- Evaluate control risk within an organisation.
- Coordinate and manage the delivery of statutory audit evidence.
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| (b) Collection of evidence and evaluation of risk for a statutory audit. | - Evaluation evidence collected for an audit.
- Make judgements about the truth and fairness of an organisations financial statements.
- Review performance of the audit.
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| (c) Report on the audit findings. | - Advise on the findings and implications of the audit.
- Prepare a formal audit report.
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| 5. Internal Review | (a) Preparation for, and control of Internal review. | - Determine the scope, purpose and objectives of the review.
- Co-ordinate the delivery of the review.
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| (b) Deliver the objectives and report. | - Analyse evidence against the objectives of the review.
- Evaluate and make judgements against the objectives of the review.
- Report on the findings and outcomes of the review.
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| 6. Asset Management | (a) Monitor and maintain an organisations working capital requirements. | - Assess the organisations working capital requirements.
- Coordinate the provision and adequacy of working capital.
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| (b) Assist/contribute into Credit Control and Monitoring of debt. | - Contribute to credit and debt policy specifications and mechanisms.
- Monitoring and maintenance of credit control and the level of outstanding debt.
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| (c) Evaluate investment opportunities. | - Determine the risks and benefits with investment opportunities.
- Identify optimum investments.
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| 7. Manage Information Systems. | (a) Advise on informations systems to meet organisational requirements. | - Identify information systems requirements.
- Assist in establishing structures to deliver information systems.
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| (b) Specify information systems to meet identified requirements. | - Contribute to design of information systems.
- Manage the system specifications.
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| (c) Install information systems to meet requirements. | - Implement information system in accordance with specifications.
- Review and evaluate implemented systems for adequacy and effectiveness.
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| 8. Manage people | (a) Develop and maintain effective and ethical relationships. | - Development of effective and ethical relationships with clients/colleagues.
- Identify personnel requirements and role specifications.
- Recruit and select teams and individuals.
- Develop and train teams and individuals.
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| (b) Recruit and develop staff. Identify personnel requirements and role specifications. | - Recruit and select teams and individuals.
- Develop and train teams and individuals.
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| (c) Lead others to achieve objectives. | - Demonstrate commitment to own personal and professional development.
- Recognise and understand changes affecting the profession.
- Delegate activities to teams and individuals.
- Monitor and supervise the work of others.
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| 9. Business Development | (a) Contribute to formulation of business strategy and objectives. | - Assist in the setting of business targets and objectives.
- Develop plans to achieve business targets and objectives.
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| 10. Professional Ethics | Compliance with professional requirements. | - Applying general principles and procedures for ethical compliance within the accounting profession.
- Development, maintaining and applying ethics in employer/employee situations.
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