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Elements and Performance Criteria

1. Check and verify supporting documentation
   • Record information from financial documents
   • Examine supporting documentation to establish accuracy and completeness and to ensure authorisation by appropriate personnel
2. Prepare and process transaction documentation
   • Prepare documentation
   • Check documentation against source documents for accuracy and correct any errors
   • File documents for auditing purposes
3. Enter data into system
   • Enter data and allocate transactions to system and accounts ensuring accuracy
   • Update related systems to maintain integrity of relationships between financial systems

Range Statement

Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide.

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Performance Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria on at least one occasion and include: analysing financial data checking and verifying supporting documentation entering data into accounting systems filing documentation maintaining integrity of financial systems.

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Knowledge Evidence

Evidence required to demonstrate competence in this unit must be relevant to and satisfy all of the requirements of the elements and performance criteria and include knowledge of: accounting conventions, processes and procedures key features of a range of reports key features of: legislative and regulatory requirements relevant to the work organisational policy and procedures relationships between financial systems typical errors that can be made in processing financial transactions.

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