| ELEMENT | PERFORMANCE CRITERIA |
| Elements describe the essential outcomes. | Performance criteria describe the performance needed to demonstrate achievement of the element. |
| 1. Compile data required for preparing financial statements for non-reporting entities | 1.1 Collect data required to produce financial statements from sources in line with accounting standards1.2 Systematically code, classify, and check data for accuracy and reliability according to organisational policy and procedures1.3 Check internal and external financial data to confirm their consistency and accuracy |
| 2. Prepare financial statements for non-reporting entities | 2.1 Prepare financial statements using structure and format that comply with accounting standards and organisational requirements2.2 Review statements for errors and compliance with accounting standards and organisational procedures, and amend as required2.3 Obtain verification and authorisation from delegated persons |
