REQUIRED KNOWLEDGEampSKILLS

Knowledge requirements include

current relevant legislation and statutory requirements including those relating to occupational health and safety OHampS

relevant source documents and information contained within source documents

principles of double entry accounting

principles and practices of accrual accounting

organisational procedures and policies relating to maintaining financial records

current financial legislation

Skills requirements include

keyboard skills

computer literacy

numeracy for financial calculations and analysis

proofreading to check detailscalculations

reading interpreting financial statements and reports

problem solving skills for providing discrepancy solutions

recording gathering and classifying financial information

EVIDENCE GUIDE

Assessment of performance requirements in the unit should be undertaken in an industry context The Evidence Guide identifies the critical aspects knowledge and skills to be demonstrated to confirm competency for the unit Competency is demonstrated by performance of all stated criteria including the Range Statement applicable to the workplace

Overview of assessment requirements

To achieve competency in this unit a person must be able to demonstrate

knowledge of organisations chart of accounts

knowledge of organisational polices and procedures

ability to implement an integrated accounting system

ability to process transactions within the system

ability to maintain the system

ability to produce reports

ability to ensure system integrity

Critical aspects of evidence

Evidence required for demonstration of consistent performance

Competence in this unit must be assessed over a period of time in order to ensure consistency of performance over the Range Statement and contexts applicable to the work environment

Deliveryassessment relationship to other units

Prerequisite units

BSBCMNA Maintain financial records

BSBCMN308A Maintain financial records

Assessment requirements

Method of assessment

For valid and reliable assessment of this unit evidence should be gathered through a range of methods to indicate consistent performance

Assessment of this unit of competence will usually include observation of processes and procedures oral andor written questioning on underpinning knowledge and skills and other methods as required

Context of assessment

Assessment of performance requirements in this unit should be undertaken within the financial services industry context and should cover aspects of personalfinancial responsibility and accountability

Aspects of competency including the attainment of relevant knowledge and skills may be assessed in a relevant workplace a closely simulated work environment or other appropriate means that clearly meet industry competency requirements

Resources required for assessment

Assessment of this unit of competence requires access to suitable resources to demonstrate competence

Assessment instruments including personal planner and assessment record book

Access to registered provider of assessment services

Chart of accounts may include:

Organisational requirements, procedures and policiesmay include:

Appropriate technical help may include:

Transactions may include:

Balance day adjustments may include:

Subsidiary ledgersmay include:

Reportsmay include: