Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
FNSBKG403A Mapping and Delivery Guide
Establish and maintain an accrual accounting system
Version 1.0
Issue Date: May 2024
Qualification | - |
Unit of Competency | FNSBKG403A - Establish and maintain an accrual accounting system |
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Description | This unit describes the performance outcomes, skills and knowledge required to establish debtors and creditors, bad debt and contra entries, perform reconciliations, review compliance terms and conditions, plan a recovery action and prepare reports to set up and maintain a manual and computerised accrual accounting system.This unit is applicable to individuals working within enterprises and job roles subject to licensing, legislative, regulatory or certification requirements including various aspects of the Tax Act, Goods and Services Tax (GST) rulings. | ||
Employability Skills | This unit contains employability skills. | ||
Learning Outcomes and Application | This unit applies to individuals who are responsible for providing contract bookkeeping services across all industries and working directly for organisations and small business owners. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | FNSBKG402A Establish and maintain a cash accounting system | ||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Manage the chart of accounts |
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Element: Process invoices, adjustment notes and other general ledger transactions |
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Element: Manage contra entries |
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Element: Identify and process bad debts |
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Element: Manage debt recovery |
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Element: Prepare and produce reports and trial balance |
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