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Elements and Performance Criteria

Required Skills

Required skills

communication skills to

communicate with peers and supervisors

seek assistance and expert advice

literacy skills to

interpret user manuals and help functions

read and write basic workplace documents

numeracy skills to use mathematical ideas and techniques related to recording and analysing basic financial data

problemsolving skills to address common operational problems when using accounting applications

technical skills to operate a personal computer PC and peripherals

Required knowledge

basic accounting concepts

basic accounting devices

chequebook register

transaction journals

current legislative requirements relating to enterprise requirements

goods and services tax

income tax rates

features and functions of common accounting reports

business activity statements

chart of accounts

profit and loss

features and functions of common accounting software

Evidence Required

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

load and configure accounting software

create and maintain enterprise financial records meeting business and legislative requirements

record and track transactions

reconcile accounts and generate reports

Context of and specific resources for assessment

Assessment must ensure access to

use of printer and PC with appropriate specifications to run the software

use of industry standard commercial accounting applications

documents detailing business requirements

legislative requirements if required

appropriate learning and assessment support when required

Where applicable physical resources should include equipment modified for people with special needs

Method of assessment

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

verbal or written questioning to assess candidates knowledge of accounting operations

direct observation of candidate creating and maintaining enterprise financial records

review of reports including reconciliation and discrepancy checks

Guidance information for assessment

Holistic assessment with other units relevant to the industry sector workplace and job role is recommended where appropriate

Assessment processes and techniques must be culturally appropriate and suitable to the communication skill level language literacy and numeracy capacity of the candidate and the work being performed

Indigenous people and other people from a nonEnglish speaking background may need additional support

In cases where practical assessment is used it should be combined with targeted questioning to assess required knowledge

Range Statement

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.

Accounting software may include:	commercial accounting software applications: Microsoft Money MYOB Phoenix Quickbooks Quicken organisation-specific accounting software.
Operating instructions may include:	help desk user manual verbal request written instructions from meetings.
Business and legislative requirements may include:	customer inventory payroll supplier tax requirements of the organisation and the taxation department.
Disk may include:	internal and external storage devices, such as: CD DVD blu-ray universal serial bus (USB) flash drive.
Accounting data may include:	balance sheets expenses profit and loss statements revenue.
Financial reports may include:	balance sheets business activity statements profit and loss statements.
Appropriate person may include:	authorised business representative client supervisor.