FNSBKG401 - Develop and implement policies and procedures relevant to bookkeeping activities assessment tool

Assessor Resource

FNSBKG401
Develop and implement policies and procedures relevant to bookkeeping activities

Assessment tool

Version 1.0
Issue Date: May 2024

This unit describes the skills and knowledge required to develop, implement and maintain policies and practices required to ensure the provision of quality service for in-house or contracted bookkeeping activities.

It applies to individuals who occupy roles with some responsibility and may use a range of research and organisational techniques to establish and carry out their work requirements in a wide range of industries.

Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

You may want to include more information here about the target group and the purpose of the assessments (eg formative, summative, recognition)

Evidence Required

List the assessment methods to be used and the context and resources required for assessment. Copy and paste the relevant sections from the evidence guide below and then re-write these in plain English.

ELEMENT	PERFORMANCE CRITERIA
Elements describe the essential outcomes.	Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Develop professional working relationship with relevant parties	1.1 Clarify business needs and expectations of bookkeeper through clear communication with relevant parties 1.2 Determine roles and responsibilities of bookkeeper according to business needs 1.3 Identify activities that fall outside role and responsibilities of bookkeeper, and networks of individuals able to carry out activities 1.4 Refer business owner to relevant networks for advice and services where applicable 1.5 Request feedback on range, type and quality of service to be provided and act on, where applicable 1.6 Identify and use relevant ethical principles and practices in all dealings 1.7 Implement strategy for regular professional development to ensure ongoing professional practices
2. Carry out research to identify compliance requirements and support materials	2.1 Research legislative, statutory, regulatory and industry requirements for carrying out bookkeeping activities 2.2 Obtain access to relevant publications and software tools designed to assist in carrying out bookkeeping activities
3. Set up and maintain appropriate systems to meet compliance requirements	3.1 Develop systems to support user needs 3.2 Develop instructions and guidelines for carrying out relevant daily activities in accordance with compliance requirements 3.3 Review and adapt systems as necessary on a regular basis

Evidence of the ability to:

establish and maintain effective relationships with clients

research and identify policy and procedures material

develop systems and guidelines for bookkeeping procedures that comply with legislative requirements.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

To complete the unit requirements safely and effectively, the individual must:

describe avenues for identifying other relevant professionals

explain the requirements of relevant industry codes of practice

explain the policies and procedures relevant to customer service and techniques

describe the relevant statutory, legislative and regulatory requirements for documentation of accounting procedures.

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the bookkeeping field of work and include access to and use of:

common office equipment, technology, software and consumables

an integrated financial software system and data.

Assessors must satisfy NVR/AQTF assessor requirements.

Submission Requirements

List each assessment task's title, type (eg project, observation/demonstration, essay, assingnment, checklist) and due date here

Assessment task 1: [title] Due date:

(add new lines for each of the assessment tasks)

Assessment Tasks

Copy and paste from the following data to produce each assessment task. Write these in plain English and spell out how, when and where the task is to be carried out, under what conditions, and what resources are needed. Include guidelines about how well the candidate has to perform a task for it to be judged satisfactory.

ELEMENT	PERFORMANCE CRITERIA
Elements describe the essential outcomes.	Performance criteria describe the performance needed to demonstrate achievement of the element.
1. Develop professional working relationship with relevant parties	1.1 Clarify business needs and expectations of bookkeeper through clear communication with relevant parties 1.2 Determine roles and responsibilities of bookkeeper according to business needs 1.3 Identify activities that fall outside role and responsibilities of bookkeeper, and networks of individuals able to carry out activities 1.4 Refer business owner to relevant networks for advice and services where applicable 1.5 Request feedback on range, type and quality of service to be provided and act on, where applicable 1.6 Identify and use relevant ethical principles and practices in all dealings 1.7 Implement strategy for regular professional development to ensure ongoing professional practices
2. Carry out research to identify compliance requirements and support materials	2.1 Research legislative, statutory, regulatory and industry requirements for carrying out bookkeeping activities 2.2 Obtain access to relevant publications and software tools designed to assist in carrying out bookkeeping activities
3. Set up and maintain appropriate systems to meet compliance requirements	3.1 Develop systems to support user needs 3.2 Develop instructions and guidelines for carrying out relevant daily activities in accordance with compliance requirements 3.3 Review and adapt systems as necessary on a regular basis