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Solid heave plate: influence of flow parameters KC, β and submer-

6.3 Results

6.3.2 Solid heave plate: influence of flow parameters KC, β and submer-

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STR2 SUMMARY OF COMPETENCES

To be completed by the Supervisor

Supervisor’s signature Date Sheet number of the STR1 Record that evidences the achievement of the element of competence KEY AREA 1 Unit A Element 1 Appraise information for the preparation of financial K

Prepare financial and other and other statements and accounts

statements and accounts for Element 2 Prepare and present financial and other statements K

external purposes and accounts

Unit B Element 3 Appraise financial information for the preparation of K Prepare financial information management information

for management Element 4 Prepare and present financial information for K management purposes

FINANCIAL Unit C Element 5 Advise on relevant regulatory obligations K INFORMATION Advise and support clients/

management in meeting their Element 6 Provide support in meeting regulatory obligations regulatory obligations

Unit D Element 7 Identify potential changes to an organisation’s K

Assist in the development accounting systems

and implementation of Element 8 Assist in the introduction of new/changes to

accounting systems accounting systems

Element 9 Assist in the evaluation of changes to accounting systems

KEY AREA 2 Unit A Element 10 Assist in identifying financial objectives and K Assist in the planning and performance measures

monitoring of business Element 11 Assist in the introduction of systems and practices

performance to plan and monitor financial performance

Element 12 Assist in monitoring the achievement of financial K performance and objectives

BUSINESS Unit B Element 13 Identify the cost of products and services ANALYSIS Identify and analyse the

AND costs associated with Element 14 Identify the potential profitability of products MEASUREMENT products and services and services

Element 15 Calculate the actual costs of products and services

Element 16 Make recommendations to reduce costs and enhance value

Unit C Element 17 Prepare spending proposals and profiles K

Control expenditure and

monitor budgets Element 18 Agree budgets for activities K

Element 19 Monitor and report on budgets K

KEY AREA 3 Unit A Element 20 Compute the tax payable by the client/organisation K Compute tax payable

Element 21 Negotiate with the tax authorities

TAXATION

Unit B Element 22 Advise on tax liabilities and payments Develop plans for tax

liabilities Element 23 Assist clients/management with tax planning K

KEY AREA 4 Unit A Element 24 Determine the level of audit risk K Prepare for and control the

statutory audit process Element 25 Evaluate the control risk within an organisation’s K accounting system

Element 26 Co-ordinate the delivery of statutory audit evidence

STATUTORY

AUDIT Unit B Element 27 Evaluate evidence collected for a statutory audit Collect evidence and

evaluate risk for a statutory Element 28 Make judgements about the truth and fairness of an K

audit organisation’s financial statements

Element 29 Review the performance of a statutory audit

Unit C Element 30 Advise on the findings and implications of the audit Report on the findings

of the audit Element 31 Prepare a formal audit report K

KEY AREA 5 Unit A Element 32 Determine the scope, purpose and objectives of an K Prepare for and control an internal review

internal review Element 33 Co-ordinate the delivery of evidence for an internal review

INTERNAL

REVIEW AND Unit B Element 34 Obtain evidence for analysis against the objectives of CONSULTANCY Deliver the objectives of an an internal review

internal review Element 35 Make judgements against the objectives of an K internal review

Element 36 Report on the findings and outcomes of an internal K review

Supervisor’s signature Date Sheet number of the STR1 Record that evidences the achievement of the element of competence KEY AREA 6 Unit A Element 37 Assess the organisation’s working capital

Monitor and maintain the requirements

organisation’s working Element 38 Co-ordinate the provision of working capital capital requirements

Unit B Element 39 Contribute to the specification of credit and debt ASSET Contribute to controlling policies and mechanisms

MANAGEMENT credit and monitoring debt Element 40 Monitor and maintain credit control mechanisms Element 41 Monitor and control the level of outstanding debt

Unit C Element 42 Determine the level of risk and benefits associated K Evaluate potential business/ with business/investment opportunities

investment opportunities Element 43 Identify ways to optimise the use of assets K

KEY AREA 7 Unit A Element 44 Assist in formulating business strategy K Contribute to formulating

business strategy and Element 45 Assist in the setting of business targets and

objectives objectives

Element 46 Develop plans to achieve business targets and objectives

BUSINESS Unit B Element 47 Identify and evaluate new ideas for products and GROWTH AND Contribute to developing services

DEVELOPMENT products and services Element 48 Contribute to the identification of changes to products and services

Element 49 Define and implement plans for the introduction of changes to products and services

Unit C Element 50 Specify customer service standards and policies Monitor and maintain the

quality of service to Element 51 Implement and monitor customer service standards

customers and policies

Element 52 Promote continuous quality improvement in products, K services and processes

KEY AREA 8 Unit A Element 53 Identify information system requirements K Advise on information

systems to meet Element 54 Assist in establishing structures to deliver information

requirements systems

MANAGE Unit B Element 55 Contribute to the design of information systems INFORMATION Specify information systems

SYSTEMS to meet identified Element 56 Manage the system specification requirements

Unit C Element 57 Implement information systems which meet K

Install information systems requirements

to meet requirements Element 58 Review and evaluate implemented information systems

KEY AREA 9 Unit A Element 59 Develop and maintain effective and ethical business M

Develop and maintain relationships

effective and ethical Element 60 Develop and maintain effective and ethical M

relationships relationships with colleagues

Unit B Element 61 Identify personnel requirements and role

Recruit and develop specifications

people Element 62 Recruit and select teams and individuals

MANAGE Element 63 Develop teams and individuals

PEOPLE

Unit C Element 64 Maintain an awareness and understanding of changes M

Prioritise own ongoing affecting the profession

personal and professional Element 65 Demonstrate a commitment to own ongoing personal M

development and professional development

Unit D Element 66 Identify and agree objectives and methods to deliver

Lead others to achieve required outcomes

objectives Element 67 Delegate activities to teams and individuals Element 68 Monitor the work of others

COMPETENCE REQUIREMENTS FOR MEMBERSHIP

To satisfy ACCA’s minimum competence requirements for membership, students must achieve at least 16 elements of competence, including:

- at least 12 Technical elements of competence, including a minimum of 6 Key Technical elements of competence which must be taken from at least 2 Key Areas

- all 4 Mandatory Management elements of competence.

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