Required skills

high level communication skills to

determine and evaluate financial systems by consulting with staff on internal control procedures and using questioning and active listening as required

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

welldeveloped research and analysis skills for accessing and managing complex information

welldeveloped literacy skills for interpreting and analysing complex documentation including relevant legislation and producing audit reports

highly developed numeracy skills to accurately analyse record and store data in accordance with organisational requirements and identify repeating errors and diagnose problems in financial recording

welldeveloped IT skills for accessing and using integrated financial systems spreadsheets and databases and internet information

learning skills to maintain knowledge of changes to compliance legislation and requirements

problem solving skills to identify any issues that have the potential to impact on the organisation and to develop options to resolve these issues when they arise

organisational skills including the ability to plan and sequence and timetable the introduction of new systems and processes

Required knowledge

ethical considerations for records and file management such as confidentiality

relevant financial legislation such as

taxable transactions

reporting requirements

principles of internal control including statutory requirements

wide knowledge of recording and information management systems and software applicable to financial recording

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

use internal control systems and meet organisational policies and procedures

apply professional accounting standards in identifying strengths and weakness within organisational policies and procedures

evaluate information systems

develop implementation plans

review resources and monitor plans

Context of and specific resources for assessment

Assessment of performance requirements in this unit should be 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 an integrated financial software system 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 which may include formal examinations

setting and reviewing workplace projects and business simulations or scenarios

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

System specifications may include:

Security requirements may include:

Risk management strategies may include:

Internal control systems and procedures may include:

Strengths and weakness of organisational processes may include:

Implementation may include:

Professional accounting standards may include:

Short-term and long-term objectives may include:

Sources of input data and documentation may include: