TAILIEUCHUNG - Ebook Vietnam tourism occupational standards – Food and beverage service: Part 2

Vietnam tourism occupational standards – Food and beverage service consists of a range of units of competence that specify particular skills, knowledge and behaviours/attitudes necessary to fulfil the job requirements satisfactorily. Each job will consist of a blend of functional, core and generic units. | VIETNAM TOURISM OCCUPATIONAL STANDARDS FOOD BEVERAGE SERVICE FMS4. unit title prepare and analyse financial statements and reports UNIT DESCRIPTOR This unit covers the competencies required to generate financial statements required to monitor business performance and to prepare and analyse financial statements and reports. r ELEMENTS AND PERFORMANCE CRITERIA 1 E1. Prepare specific financial reports P1. Produce the revenue report P2. Produce the balance sheet P3. Produce the profit and loss statement P4. Produce specific reports to meet departmental requirements E2. Analyse financial statements and reports P5. Analyse financial statements P6. Analyse financial reports P7. Ensure internal requirements are met P8. Validate the financial statements that have been prepared E3. Distribute updated records P9. Update internal records P10. Distribute the prepared financial statements and reports KNOWLEDGE REQUIREMENTS K1. Describe the organisation s policies and procedures in regard to preparation presentation and distribution of financial statements including identification of the statements to be prepared K2. Describe relevant accounting and financial terminology. Identify the financial statements that need to be produced K3. List the relevant legislated accounting provisions that apply to the host country K4. Explain the accepted principles and standards of account preparation and presentation K5. Identify the frequency with which financial statements need to be produced K6. Identify the responsibilities and authorities that attach to the preparation of financial statements K7. Identify the internal requirements in relation to financial statements K8. Identify the format for the preparation of financial statements K9. Identify the distribution requirements for financial statements CONDITIONS OF PERFORMANCE AND VARIABLES 1. Financial statements may include Balance sheet Profit and loss statement Revenue statements Bank reconciliations 2. Revenue report should Reflect the

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