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Skills & competences

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K - knowledge
L - language skills and knowledge
S - skills
S1 - communication, collaboration and creativity
S2 - information skills
S2.0 - information skills
S2.1 - conducting studies, investigations and examinations
S2.2 - documenting and recording information
S2.2.0 - documenting and recording information
S2.2.1 - preparing financial documents, records, reports, or budgets
- approve reports for artistic project
- carry out end of day accounts
- check accounting records
- compile appraisal reports
- create a financial report
- develop financial statistics reports
- follow up accounts receivables
- keep track of expenses
- lead the sustainability reporting process
- maintain credit history of clients
- maintain financial records
- maintain records of financial transactions
- manage payroll reports
- manage the general ledger
- manage writing administration
- perform account allocation
- prepare credit reports
- prepare financial auditing reports
- prepare purchasing reportings
- prepare sales checks
- prepare trial accounting balances
- produce materials for decision making
- produce sales reports
- produce statistical financial records
- provide cost benefit analysis reports
- record corporate property
- record healthcare users' billing information
- report on grants
- write leasing reports
S2.2.2 - recording legal information
S2.2.3 - preparing documentation for contracts, applications, or permits
S2.2.4 - maintaining or preparing medical documentation
S2.2.5 - maintaining operational records
S2.2.6 - documenting technical designs, procedures, problems or activities
S2.2.7 - reporting incidents and defects
S2.3 - managing information
S2.4 - processing information
S2.5 - measuring physical properties
S2.6 - calculating and estimating
S2.7 - analysing and evaluating information and data
S2.8 - monitoring, inspecting and testing
S2.9 - monitoring developments in area of expertise
S3 - assisting and caring
S4 - management skills
S5 - working with computers
S6 - handling and moving
S7 - constructing
S8 - working with machinery and specialised equipment
T - transversal skills and competences

prepare financial statements

skills

information skills

documenting and recording information

preparing financial documents, records, reports, or budgets

prepare financial statements

Description

Description

Collect, entry, and prepare the set of financial records disclosing the financial position of a company at the end of a certain period or accounting year. The financial statements consisting of five parts which are the statement of financial position, the statement of comprehensive income, the statement of changes in equity (SOCE), the statement of cash flows and notes.

Alternative Labels

draw up financial statements

formulate financial statements

get financial statements ready

prepare financial statement

prepare financial statements

prepare statements on finances

preparing financial statements

Skill type

skill

Skill reusability level

cross-sector skills and competences

Relationships

Broader concepts

Essential for

Optional for

Optional Knowledge

Concept URI

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ESCO is a Europe 2020 initiative.

DG Employment, Social Affairs and Inclusion of the European Commission developed ESCO in collaboration with stakeholders and with the European Centre for the Development of Vocational Training (Cedefop).

CONTACT ESCO
Current version: ESCO v1.1.2 (Last update 22/02/2024)