Competency Details ( Financial control )

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Competencies

Jadarat Competencies

Financial control

Efficiency Technical Competency

The knowledge and understanding of applying accounting standards, practices, policies and procedures to analyse, report, interpret and communicate accurate financial information of the organisation. Oversees daily accounting operations and ensures processing of invoices and payments. The ability to effectively evaluate costs to measure profitability and value. Is responsible for preparing and maintaining financial records.

Jadarat Code: T76

Level 1

Demonstrates basic knowledge of accounting standards and practices. Applies basic knowledge and understanding of accounting to perform financial control functions activities.

Level 2

Demonstrates specialised knowledge of accounting standards and practices. Possesses an understanding of the accounting to perform financial controls functions activities, and is able to recognise the importance of evaluating costs.

Level 3

Utilizes thorough understanding of various accounting practices and standards. Applies advanced skills to perform accounting tasks, such as: reporting, analysis and performing the full cycle of accounting. Is able to identify methods to evaluate the profitability and value. Ensures that all financial records are reflected in the general ledger.

Level 4

Uses full knowledge of the accounting practices and standards, to monitor the execution of accounting activities. Leads and provides expertise on performing accounting operations and financial reporting. Ensures the effectiveness of cost evaluation through measuring profitability and value.

Level 5

Applies subject matter expertise in the accounting practices and standards. Draws from experience to advice in business operations and financial reporting and analyses complex issues. Provides expertise in developing and recommending strategies to increase the effectiveness of cost control. Provides expert knowledge to develop accounting policies and procedures, and processes.