1) An academic transcript from a university can also be referred to as an academic record, a diploma supplement, a statement of learning, a record of achievement or something else similar. A transcript from a professional body will list all the units completed, grades achieved and confirmation of any exemptions.
2) If applying for a critical skills visa, the professional body assessing your skills and experience needs the transcripts to verify the subjects included in your qualification. It's for the same reason all universities require transcripts- to see if you have successfully completed suitable prior courses for the academic course you are applying for. Most universities request that the transcripts be sent directly from your previous university to them because there is so much fraud these days.
to show the other part or other side like pros and cons there can be the pro of the argument and the cons the cons can show why/when/where the bad parts of the topic/theme is