The mental action or process of acquiring knowledge and understanding through one's thoughts, experience, and senses.
Knowledge and cognitive skills: Acquired skills that reflect an individual's ability to think. Cognitive skills include verbal and spatial abilities, concentration, memory, perception, reasoning, planning and organisation, flexible thinking, and problem solving.
- Introduction
Consistent knowledge and effective cognition skills must be demonstrated to provide professional and competent accounting services. - Description of inherent requirement
Student demonstrates:
- Capacity to locate appropriate and relevant information
- Ability to comprehend and process information
- Ability to integrate and implement knowledge.
- Justification of inherent requirement
The ability to acquire information and to accurately convey messages is fundamental to ensure effective assessment and advice in professional settings. The ability to read, decode, interpret and comprehend multiple sources of information is fundamental for understanding and applying accounting and finance principles. - Adjustments
Adjustments must ensure that a clear demonstration of knowledge and cognitive skills is not compromised or impeded. - Exemplars:
- Ability to conceptualise and use appropriate knowledge in response to academic assessment items
- Demonstrating the capacity to apply knowledge of policy and procedures in class discussions and professional contexts.
Numeracy: This relates to the ability to understand and work with numbers.
- Introduction
Accurate numeracy skills are essential to accounting studies - Description of inherent requirement
Student demonstrates:
- The ability to acquire evidence and accurately convey appropriate information both in data and numerical formats
- The ability to reason with numbers and other mathematical concepts and apply these in a range of contexts and to solve a variety of problems.
- Justification of inherent requirement
Competent application of numeracy skills is essential in accounting and finance professions to facilitate effective information and advice. - Adjustments
Adjustments must demonstrate a capacity to interpret and apply concepts and processes in an accurate and effective manner. - Exemplars:
- Demonstrate accurate calculation and interpretation of complex accounting and financial transactions involving numeracy skills
- Demonstrate a capacity to undertake complex financial analysis of accounting and finance reports.