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    Bookkeeping NC Iii Journalize Transactions: Evidence Plan

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    IL Mare
    This evidence plan outlines how a trainee's competency in journalizing transactions will be assessed. The trainee will be observed and questioned to demonstrate their ability to determine a business's nature, prepare account titles according to GAAP, gather and verify documents, select accounts, and prepare accurate journal entries with explanations. They will also be questioned and demonstrate how to determine debit and credit accounts. Finally, their competency will be assessed through a written test to show they can journalize transactions for a business according to bookkeeping standards and principles.

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    Bookkeeping NC Iii Journalize Transactions: Evidence Plan

    Uploaded by

    IL Mare
    298 views1 page
    This evidence plan outlines how a trainee's competency in journalizing transactions will be assessed. The trainee will be observed and questioned to demonstrate their ability to determine a business's nature, prepare account titles according to GAAP, gather and verify documents, select accounts, and prepare accurate journal entries with explanations. They will also be questioned and demonstrate how to determine debit and credit accounts. Finally, their competency will be assessed through a written test to show they can journalize transactions for a business according to bookkeeping standards and principles.

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    CBLM Evidence Plan - Mare

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    This evidence plan outlines how a trainee's competency in journalizing transactions will be assessed. The trainee will be observed and questioned to demonstrate their ability to determine a business's nature, prepare account titles according to GAAP, gather and verify documents, select accounts, and prepare accurate journal entries with explanations. They will also be questioned and demonstrate how to determine debit and credit accounts. Finally, their competency will be assessed through a written test to show they can journalize transactions for a business according to bookkeeping standards and principles.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    298 views1 page

    Bookkeeping NC Iii Journalize Transactions: Evidence Plan

    Uploaded by

    IL Mare
    This evidence plan outlines how a trainee's competency in journalizing transactions will be assessed. The trainee will be observed and questioned to demonstrate their ability to determine a business's nature, prepare account titles according to GAAP, gather and verify documents, select accounts, and prepare accurate journal entries with explanations. They will also be questioned and demonstrate how to determine debit and credit accounts. Finally, their competency will be assessed through a written test to show they can journalize transactions for a business according to bookkeeping standards and principles.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Evidence Plan

    Competency
    BOOKKEEPING NC III
    standard:

    Unit of competency: JOURNALIZE TRANSACTIONS

    Observation & Questioning


    Ways in which evidence will be collected:
    [tick the column]

    Demonstration &
    Questioning

    Written test
    The evidence must show that the trainee…

     Determines nature of business based on client information.


     Prepares list of asset, liability, equity, income, and expense
    account titles in accordance with Generally Accepted
    Accounting Principles (GAAP).
     Prepares Accounting manual in accordance with industry
    manual.
     Gathers, checks and verifies documents in accordance with
    verification and validation processes.
     Selects account titles in accordance with standard selection
    processes.
     Prepares journal entries in accordance with Generally
    Accepted Accounting Principles (GAAP).
     Determines debit and credit account titles in accordance with
    chart of accounts.
     Prepares explanation to journal entry in accordance with the
    nature of transaction.
     Prepares journal entries with 100% accuracy.
    NOTE: *Critical aspects of competency

    Date Developed: Document No. TM1-01


    CBLM on November 2020 Issued by:
    BOOKKEEPING Date Revised: Page 1 of 1
    NC III None
    Journalizing Developed by:
    Transactions
    Revision # 00

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