US 119350 : Apply accounting principles

On completion of this unit standard, you should be able to:

1. Demonstrate an understanding of accounting principles and reporting requirements and nature of accounting functions in the public sector;
2. Use accounting techniques and approaches to process financial information;
3. Apply end of period accounting procedures in the preparation of financial statements;
4. Apply procedures necessary for control over cash transactions and balances;
5. Utilise procedures for reporting and recording accounts receivables; and
6. Utilise procedures for recording and reporting on liabilities in the public sector.