Assessor Resource
FNSBKG403A
Establish and maintain an accrual accounting system
Assessment tool
Version 1.0
Issue Date: May 2024
This unit applies to individuals who are responsible for providing contract bookkeeping services across all industries and working directly for organisations and small business owners.
This unit describes the performance outcomes, skills and knowledge required to establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports to set up and maintain a manual and computerised accrual accounting system.
This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including various aspects of the Tax Act, Goods and Services Tax (GST) rulings.
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