Unit of competency Outline

Date retreived
23/07/2026 8:00 PM AWST

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Manage commercial property financial reports

Manage commercial property financial reports

Unit of competency
National Code
CPPREP4232
State Code
OAQ72
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
21/03/2019
View on TGA
State Implementation and Classification
Approved Date
03/06/2020
Field of Education
080101 - Accounting
Original Release Date
03/06/2020
Nominal Hours
65
Description
This unit specifies the skills and knowledge required to manage financial reporting for commercial property management.It includes collating and analysing income, expenditure and cash flow to plan and budget for financial reporting. It also includes preparing required financial reports and evaluating financial outcomes for the property in consultation with lessors to identify and recommend actions for improvement.The unit applies to industry professionals in real estate.State or territory licensing requirements may apply to this unit.
Notes
Elements and Performance Criteria
1. Plan financial reporting for commercial property management.
  • 1.1 Analyse property documentation to confirm financial reporting obligations according to client instructions or agreement.
  • 1.2 Confirm types and purpose of required financial reports and reporting periods.
  • 1.3 Schedule financial reporting activities to meet client requirements and accounting protocols.
2. Develop annual budget for commercial property.
  • 2.1 Collate financial data for commercial property.
  • 2.2 Analyse financial data to prepare forecasts for the financial year.
  • 2.3 Prepare and document budget and tenancy schedules to meet agency requirements for commercial property management.
3. Coordinate financial reporting for commercial property.
  • 3.1 Prepare financial reports according to client instructions.
  • 3.2 Assess completed financial reports to verify sufficiency to meet reporting requirements and take required action to correct errors or omissions.
  • 3.3 Distribute financial reports to lessor to meet agreed reporting timeframes and agency requirements.
4. Evaluate and improve financial outcomes for commercial property.
  • 4.1 Assess financial outcomes for property to identify areas requiring improvement.
  • 4.2 Recommend actions to improve financial outcomes in discussion with lessor and obtain feedback and further instruction from lessor.
  • 4.3 Facilitate implementation of processes to improve financial outcomes for property according to lessor instructions.
  • 4.4 Secure and maintain financial information and documentation according to agency requirements.
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State Code National Code Title Type
AD905 CPPSS00072 Commercial and property management Skill set
BEH9 CPP41419 Certificate IV in Real Estate Practice Qualification