Competency Details ( Knowledge of Accounting )

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Competencies

Jadarat Dictionary

Knowledge of Accounting

Efficiency Technical Competency

Applies the knowledge and understanding of current accounting principles, practices and standards when completing accounting assignments and transactions; demonstrates an understanding of the various accounting reports and the ability to effectively manage costs, monetary and other assets to maximize profitability and value.

Jadarat Code: T36

Level 1

Demonstrates an understanding of the basic accounting principles, such as accounts payable, accounts receivable, and billing. Shows basic knowledge and awareness of the various accounting policies, procedures, systems, and reports used in the organization and how they are applied within the context of own job.

Level 2

Possesses specialised knowledge of the accounting principles and practices, such as cost accounting, tax accounting, accounts payable, accounts receivable, and billing. Possesses an understanding of the accounting policies, procedures, systems, and reports used in the organization. Understands the regulatory requirements and financial accounting standards within the context of own job and the team.

Level 3

In-depth understanding of the accounting principles applied to multiple disciplines, such as cost accounting and tax accounting. Applies advanced skills and knowledge across the teams to carry out and perform accounting assignments and transactions, and prepare accounting reports. Transfers this knowledge to the teams to apply within the context of their job.

Level 4

Uses full knowledge to drive and oversee the implementation of the organization's accounting-related policies, procedures and systems. Provides expertise in solving complex or non-routine scenarios that the departments/teams may encounter. Guides/ coaches others to build knowledge of the accounting principles and practices, how to apply across departments, and prepare and interpret accounting reports.

Level 5

Applies subject matter expertise to lead the organization on the various accounting principles and practices and how they are applied to the multiple accounting disciplines. Provides deep expertise across the organization to ensure it adheres to the regulatory requirements and financial accounting principles and standards.