Assessor Resource

FNSORG301A
Administer fixed asset register

Assessment tool

Version 1.0
Issue Date: April 2024


This unit may apply to asset control job roles in organisations of various sizes.

This unit describes the performance outcomes, skills and knowledge required to maintenance a register of capital expenditure items.

No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.

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

Employability Skills

This unit contains employability skills.



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.

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to:

accurate lT record transaction details and producing reconciliation reports

apply relevant reconciliation processes and manage depreciation schedules.

Context of and specific resources for assessment

Assessment must ensure:

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment, technology, software and consumables

access to organisation policies and practices and asset register systems and data.

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

verbal or written questioning on underpinning knowledge and skills

evaluating samples of work

accessing and validating third party reports.

Guidance information for assessment

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.

Required skills

communication skills to:

determine and confirm work requirements, using questioning and active listening as required

liaise with others, share information, listen and understand

use language and concepts appropriate to cultural differences

numeracy skills to:

accurately analyse, record and store data in accordance with organisational requirements

calculate capital purchases, deprecation and related data

research and analysis for accessing, interpreting and managing capital purchase and depreciation information

IT skills for accessing and using appropriate specialist software, spreadsheets and databases and using internet information

problem solving skills to address asset information issues

organisational skills, including the ability to plan and sequence work

Required knowledge

basic accounting principles

basic finance industry administration processes and procedures

features of fixed asset registers

role and structure of general ledgers

legalisation requirements regarding capital purchase and depreciation

banking processes

The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.

Expenditure items may include:

accumulated department expense items

assets at cost.

Organisation policies, procedures and practice may include:

established policies, procedures and practices relating to:

maintenance of capital expenditure items

preparation of reconciliation reports.

Relevant legislation may include:

consumer

Consumer Credit Code

Privacy Act

prudential

Electronic Funds Transfer (EFT) Code of Conduct

Financial Transaction Reports Act

Cheques and Payment Orders Act

Commercial Tenancies Act

Land Tax Assessment Act

Prescribed Payments Act

Payroll Tax Assessment Act

Stamp Duties Act

Taxation Assessment Act

Bills of Exchange Act.

Spreadsheets may include:

those prepared in relation to a range of capital expenditure items such as:

Fringe Benefits Tax (FBT)

salary sacrifice

total purchases and disposals for a period.

Copy and paste from the following performance criteria to create an observation checklist for each task. When you have finished writing your assessment tool every one of these must have been addressed, preferably several times in a variety of contexts. To ensure this occurs download the assessment matrix for the unit; enter each assessment task as a column header and place check marks against each performance criteria that task addresses.

Observation Checklist

Tasks to be observed according to workplace/college/TAFE policy and procedures, relevant legislation and Codes of Practice Yes No Comments/feedback
All expenditure items are reconciled in accordance with organisation's policies, procedures and practices 
Discrepancies are identified and actioned according to organisation policies, procedures and practices and relevant legislation 
New asset categories are identified 
Pro-forma for input of asset details is prepared and processed within the month of purchase 
Depreciation expense is updated regularly according to depreciation schedule 
Spreadsheets and reconciliations are prepared in accordance with annual tax schedule, with allowance made for permanent differences 
Spreadsheets and ad hoc reports are prepared as requested 

Forms

Assessment Cover Sheet

FNSORG301A - Administer fixed asset register
Assessment task 1: [title]

Student name:

Student ID:

I declare that the assessment tasks submitted for this unit are my own work.

Student signature:

Result: Competent Not yet competent

Feedback to student

 

 

 

 

 

 

 

 

Assessor name:

Signature:

Date:

Assessment Record Sheet

FNSORG301A - Administer fixed asset register

Student name:

Student ID:

Assessment task 1: [title] Result: Competent Not yet competent

(add lines for each task)

Feedback to student:

 

 

 

 

 

 

 

 

Overall assessment result: Competent Not yet competent

Assessor name:

Signature:

Date:

Student signature:

Date: