Application
This unit describes the skills required to have basic knowledge of the public sector financial framework and its application to routine financial processes by staff working in a non-specialist finance role but with responsibility for financial duties/processes. It includes identifying and implementing public sector financial requirements related to the work role.
This unit applies to those working in the public sector who deals with financial frameworks and processes.
The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.
Those undertaking this unit would work independently with some supervision of others, performing routine tasks in a familiar context.
No licensing, legislative or certification requirements apply to unit at the time of publication.
Elements and Performance Criteria
ELEMENTS | PERFORMANCE CRITERIA |
Elements describe the essential outcomes | Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section. |
1. Identify public sector financial requirements | 1.1 Identify the elements of the public sector financial management compliance framework relating to the work role and confirm organisational requirements relating to the application of these elements. 1.2 Identify delegation requirements relating to work functions. 1.3 Identify internal financial controls and separation of duties relating to the business unit and identify and clarify the implications of these with senior staff. 1.4 Locate public sector financial policies and procedures supporting the work role and identify their requirements. |
2. Implement public sector financial requirements | 2.1 Carry out and record financial processes. 2.2 Differentiate levels of delegations and implement delegation requirements relating to work functions. 2.3 Apply internal controls in the work area. |
Evidence of Performance
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the candidate must demonstrate evidence of performance of the following on at least one occasion.
reading complex and formal documents, including legislation, policies and processes, and applying them to work practices
adjusting communication to suit different audiences
entering data and preparing reports requiring precision of expression
applying delegations
accessing information and legislation electronically or in hard copy
applying environmental and work health and safety procedures relating to working in the public sector
Evidence of Knowledge
Evidence required to demonstrate competence must satisfy all of the requirements of the elements and performance criteria. If not otherwise specified the depth of knowledge demonstrated must be appropriate to the job context of the candidate.
public sector legislation including work health and safety and environment, policies and processes relating to public sector finance
basic knowledge of the public sector financial management compliance framework and its elements
documents that make up the financial framework
public sector delegations related to the work function
internal controls and separation of duties
corporate governance requirements/relationship of the financial management compliance framework to organisational structures
ethics/codes of conduct
financial application software
basic accounting principles related to the work function
Assessment Conditions
This unit contains no specific industry-mandated assessment conditions. Guidance on suggested and recommended conditions and methods can be found in the Implementation Guide.
Assessors must satisfy the NVR/AQTF mandatory competency requirements for assessors.
Foundation Skills
Foundation skills are embedded within the elements and performance criteria of this unit.
Competency Field
General