Performance objective elements

The five elements of each performance objective describe the tasks, skills and behaviours that trainees must demonstrate in order to achieve the objective.

  • Elements

    a. Assess the financial performance and position of an entity based on financial statements and disclosure notes. 

    b. Evaluate the effect of chosen accounting policies on the reported performance and position of an entity. 

    c. Identify inconsistencies between the information in the financial statements of an entity and any accompanying narrative reports. 

    d. Evaluate the effect of fair value measurements and any underlying estimates on the reported performance and position of an entity. 

    e. Conclude on the performance and position of an entity identifying relevant factors and make recommendations to management. 

Linked competencies

  • Corporate and Business Reporting

    B. Leads effective decision making through analysing, evaluating and communicating performance and position of entities.

Key exams