Google Links
Follow the links below to find material targeted to the unit's elements, performance criteria, required skills and knowledge
Elements and Performance Criteria
- Determine asset classification and identification
- Asset register format is determined on basis of current needs and business plan, in accordance with company requirements
- Compatible classification system that meets asset accounting and asset management needs is selected, in accordance with company requirements
- Value thresholds for assets to be recorded in the asset register are determined, in accordance with company requirements
- Record and value assets
- Specified details of all material assets are identified and recorded, in accordance with asset management policies and procedures
- Assets are recorded in compliance with legislative and company requirements
- Condition of each asset is determined, in accordance with manufacturer specifications, and legislative and company requirements
- Useful/residual life of each asset is determined, in accordance with manufacturer specifications and company requirements
- Current value of each asset based on valid and reliable information is calculated, in accordance with legislative and company requirements
- Maintain asset management system
- Records are continuously updated to record asset purchases, loss, damage or disposal, in accordance with company requirements
- Periodic audits are conducted to ensure accuracy of asset register, in accordance with company requirements
- Asset management system is periodically reviewed to ensure it is supporting business needs, in accordance with company requirements
- Training to support effective management and maintenance of the asset register is provided, in accordance with company requirements
Range Statement
Performance Evidence
Knowledge Evidence