V Skill HF-D9.5-002 sector-specific 8 skills

Preparing annual accounts

Prepares the annual accounts with balance sheet, income statement and notes according to reporting rules and substantiates valuations and provisions.

How hrmforce measures this

Test of declarative job knowledge, usually assembled per client.

Level	Behaviour at this level
N1 Guided	Collects the substantiation for balance sheet items under guidance and processes the correction entries provided. works under supervision and follows instruction · routine, one variable at a time · own task
N3 Proficient	Independently prepares the annual accounts of a medium sized entity and justifies valuation choices to the auditor. sets own approach and seeks input proactively · several variables, some ambiguity · own team or process
N5 Leading	Determines the organisation's reporting policy, decides on complex valuation questions and defends them with regulators. sets the standard and the policy · strategic, under high uncertainty · organisation, value chain or profession

N2 and N4 are deliberately not anchored. Raters place them between the anchors, following the O*NET convention.

These skills inherit the assessment route and the behavioural anchors of this construct.

T	Skill	Definition	Demand outlook 2026 to 2030
V	Compiling annual accounts Financial statement preparation	Compiles the balance sheet, income statement and notes from the accounts and reconciles the items.	declining
V	Performing consolidation Consolidation	Combines the figures of group companies and eliminates intercompany balances, revenue and results.	stable
K	Applying valuation principles Valuation principles	Chooses and substantiates the valuation of stock, assets and receivables under the reporting rules.	stable
V	Determining provisions and accruals Provisions and accruals	Determines the amount and substantiation of provisions, accruals and deferrals at the balance sheet date.	stable
V	Preparing and filing statutory accounts Statutory filing	Prepares the statutory accounts in the required form and files them with the trade register within the deadline.	declining
V	Preparing a cash flow statement Cash flow statement	Derives a cash flow statement from balance sheet and income statement with operating, investing and financing flows.	stable
V	Preparing the tax reconciliation and corporate tax return Corporate tax return	Reconciles the commercial result with the tax result and delivers the documents for the corporate tax return.	stable
K	Applying small entity reporting rules Small entity reporting	Chooses the correct reporting regime for micro, small or medium entities and applies the related exemptions.	stable