This particular client applied for the role of Finance Officer in Queensland Health and gained an interview. The selection criteria component involved addressing five key competency areas in a two page statement. Following are full excerpts of two of the competencies.
Demonstrated knowledge of contemporary accounting standards and processes…
I currently hold Bookkeeper Registration and BAS Provider Certification under the Tax Practitioners Board legislation. As a Bookkeeper, I have gained and applied knowledge and understanding of accounting standards and processes. Under taxation law, I am aware that BAS lodgement can be completed on a monthly, quarterly or annual basis; my clients’ BAS reporting was scheduled on quarterly basis and I lodged statements on or before due dates. In doing so, I ensured all data was true and correct and paid accordingly. I am aware of penalty charges for any late lodgement (for example, GIC). I received monthly or quarterly updates of ATO policy and legislation for BAS on a regular basis, and I was proactive in checking websites for new updates through the Tax Practitioner Board, ATO and IPA. As a bookkeeper, I also prepared financial statements for my clients’ accountants on a quarterly and yearly basis in preparation for end-of-year financial reporting. I dealt with the ATO and other financial institutions regarding my clients’ financial and taxation matters. For one client, I was instrumental in negotiating payments with the ATO regarding tax liabilities. Negotiations took place over a period of three to six months and I remained in regular contact with the ATO throughout the process. Subsequently, a satisfactory agreement was reached benefiting both parties.
Demonstrated ability to manage a large scale computerised accounting system and provides financial reports and statements to professional standards in a timely manner…
My technological skills are of a very high standard. In my current role, I use financial software packages and information systems on a daily basis. SAP is the main financial software I utilise to process revenue, assets, payables, salary overpayments. I use the Student Administration System (ISAS) to update clients’ information; to generate and print invoices as supporting documentation; to query stakeholders’ outstanding balance; to process stakeholder refunds; to reverse payment and write-offs; and to write-off unrecoverable debts. Every fortnight, I generate External Collection reports (which show the overdue amounts within a range of overdue days) and DRS Web (credit and debit balances of external clients’ accounts). These reports are generated to ensure all payments are allocated correctly. If I identify discrepancies on clients’ accounts, I ensure reversal procedures are applied. These reports are then forwarded to the Manager of the AR and Banking Finance Branch, to all Regional Financial Directors and Managers of the department. I also generate and disseminate the Aged Trial Balance (ATB) report to the Senior Officer and then distribute to the Finance Directors. The Reversal Transaction report is utilised for auditing purposes; I attach the report as a supporting document when I process data correction (for example, application of payment and credits on organisations’ account). I extract and generate all these reports using ISAS2 system.
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