Prepare financial accounting summaries for review (ti3792)

Prepare financial accounting summaries for review (ti3792)

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Contribution Exchange

info@contributionexchange.org

Making contribution visible, trusted, and portable.

Contribution Exchange is an international organization headquartered in Ottawa, Canada, building shared infrastructure for recognizing learning and capability developed through contribution.

Through an international federation of National Contribution Exchanges, Contribution Exchange stewards common standards for work-based learning, professional practice, recognition, and quality assurance. Its systems help organizations structure, validate, and recognize learning developed through work, community, civic, cultural, and other purposeful contributions.

Contribution Exchange also stewards the Work-Based Learning Numbering System (WBLNS®) and PathLedger®, providing interoperable infrastructure to index learning standards, record verified contributions, and make trusted evidence of capability portable across organizations, sectors, and borders.

Tags:

accounting, CIM, contribution, facilitate, financial, item, learning, management, procedures, training, work-based
This Training Item focuses on preparing financial accounting summaries, schedules, reconciliations, source-record summaries, account balance explanations, statement support files, or reporting notes for management, governance, or stakeholder review.

Criteria

Contribution recognized

The contributor prepares financial accounting summaries for review through a situated workplace or civic/community contribution that produces a usable output for another person’s planning, coordination, decision, or action.

Learning Goal

  • LG020 — Learners will develop their ability to prepare financial accounting summaries to support review, accountability, governance, and stakeholder understanding.

Learning Outcomes

  1. LO058 — Upon completion, the learner will be able to identify financial records, source information, figures, account balances, reporting categories, or statement-support information needed for review.
  2. LO059 — Upon completion, the learner will be able to prepare financial accounting information using appropriate source records, assumptions, reporting categories, and structure.
  3. LO060 — Upon completion, the learner will be able to summarize financial accounting information for management, governance, accountability, or stakeholder review.

Aligned Knowledge, Skills, and Behaviours

  • K003 — Knowledge: Understands management information and evidence systems in order to contribute to informed planning, monitoring, and decision-making.
  • K007 — Knowledge: Understands accounting and financial reporting principles in order to contribute to interpretation, accountability, and decision support.
  • S006 — Skill: Prepares financial information using appropriate calculations, assumptions, and source data to support planning, review, and resource decisions.
  • B001 — Behaviour: Demonstrates professional judgment and accountability by acting ethically, responsibly, and transparently in management contribution contexts.
  • B004 — Behaviour: Demonstrates evidence-informed decision-making by using relevant information, analysis, and context when contributing to decisions.

Acceptable Artifact Element

AE003 — Project Documentation

Evidentiary purpose: Makes the contributor’s situated role and use of LO058, LO059, LO060 visible through a naturally occurring project documentation.

Minimum characteristics: - A genuine workplace or civic/community context. - An attributable contributor role. - A usable output aligned to the selected Learning Outcomes. - Sufficient context for AC001 and AC002 validation.

Workplace example

A workplace financial accounting summary, reconciliation worksheet, financial reporting schedule, source-record summary, account analysis file, management review worksheet, account balance explanation, statement support file, reporting package support file, or financial statement support file prepared for management or governance review.

Civic/community example

A civic/community financial accounting summary, treasurer worksheet, grant reporting schedule, event reconciliation, source-record summary, board finance schedule, account analysis file, account balance explanation, reporting package support file, or financial statement support file prepared for governance or stakeholder review.

Experience Context

  • Autonomy: Follow — Develops the artifact using an established approach with regular direction and review.
  • Complexity: Follow — Works with familiar information and a defined situation; direct reproduction without situated interpretation is insufficient.
  • Contribution scope: Follow — Produces an output that is used within an assigned task or immediate contribution activity.

Assessment Components

AC001 — STARR Reflection

Redo (R): The STARR Reflection is missing, is not attributable to the contributor, does not sufficiently address one or more required STARR elements, or does not establish a credible connection to LO058, LO059, LO060 and the aligned KSBs.

Pass (P): The STARR Reflection is complete, situated, and attributable. It addresses Situation: The contributor identifies a workplace or civic/community setting where financial records, source information, reporting categories, account balances, reconciliations, schedules, or accounting summaries were needed for review.; Task: The contributor explains the review need, reporting requirement, source-record need, accounting information need, accountability concern, governance review need, stakeholder information objective, or statement-support requirement.; Action: The contributor describes how they identified financial records, source information, figures, account balances, reporting categories, or statement-support information; prepared financial accounting information using source records and structure; and summarized the information for review.; Result: The contributor describes the review support, reporting clarification, accountability improvement, stakeholder understanding, management understanding, governance support, audit-trail support, or decision support that resulted from the contribution.; Relevance: The contributor explicitly connects the reflection to LG020, LO058–LO060, and the Training Unit-Level KSBs K003, K007, S006, B001, and B004. It explicitly connects the contribution to LO058, LO059, LO060 and the aligned KSBs K003, K007, S006, B001, B004.

AC002 — Contribution Witness Statement

Redo (R): The Contribution Witness Statement is absent, unattributable, provided by a person unable to confirm the contribution context, or does not sufficiently confirm the contributor’s role, situated contribution, relationship to LO058, LO059, LO060, and claimed KSB alignment.

Pass (P): An identifiable and contextually appropriate witness provides a credible statement that addresses Context Confirmation: The witness confirms the contributor participated in a workplace or civic/community context involving financial records, source information, reporting categories, accounting summaries, reconciliations, statement-support files, or review information.; Contribution Confirmation: The witness confirms the contributor contributed to preparing, organizing, documenting, summarizing, updating, or communicating financial accounting information.; LO Confirmation: The witness confirms the contribution reasonably relates to identifying source information, preparing accounting information, and summarizing information for review.; KSB Confirmation: The witness confirms the contribution supports developmental alignment to K003, K007, S006, B001, or B004 and does not contradict the claimed alignment.; Credibility: The witness is identifiable and has sufficient relationship to the contribution context to confirm the evidence.

Completion requirement

Both AC001 and AC002 must achieve Pass (P). A Redo (R) on either component returns the Training Item for revision. Distinction is not available at Training Item level.

Your RPL Submission Must Include:

1. STARR Reflection Statement A structured, first-person account that addresses all Learning Outcomes (LIs) and related Knowledge, Skills, and Behaviours (KSBs) through a real experience.

2. Contribution Witness Statement An endorsement from someone who directly observed or received the written product. Please provide:

Full Name

Email Address

Their Role and Relationship to You (e.g., “Project Lead,” “Board Chair,” “Small Business Owner”)

3. Submission Evaluation Once your STARR reflection is sent to your contribution witness, a Contribution Exchange staff member will review the file for completion, record your evidence for PathLedger, and you will receive your badge.

Please use the format: X0X 0X0 (ANA NAN)
**STARR FORMAT** ----- Use the following STARR format and ensure your story aligns with the Learning Goal (LG), all Learning Outcomes (LIs) and addresses each of the KSBs.
Situation: What was the setting or challenge?
Task: What did you need to communicate and why?
Action: How did you plan, write, revise, and format your communication?
Result: What was the impact or outcome?
Reflection: What did you learn? How did it build your writing capability and support collaboration or leadership?
Please provide a valid email address for your witness.
Please use the format - First Name Last Name.
Example: “Project Lead,” “Board Chair,” “Small Business Owner”
- or -

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