The Evidence Guide identifies the critical aspects, underpinning knowledge and skills to be demonstrated to confirm competence for this unit. This is an integral part of the assessment of competence and should be read in conjunction with the Range Statement.
Critical Aspects of Evidence
Integrated demonstration of all elements of competency and their performance criteria
Adherence to Australian Accounting and Auditing Standards
Adherence to double-entry principles
Systematic tracing of errors
Underpinning Knowledge
* At this level the learner must demonstrate understanding of a broad knowledge base incorporating some theoretical concepts.
Relevant legislation from all levels of government that affects business operation, especially in regard to Occupational Health and Safety and environmental issues, equal opportunity, industrial relations and anti-discrimination
Knowledge of organisation's policies, procedures and accounting requirements
Knowledge of organisation's accounting systems
Double-entry bookkeeping principles
General journal and general ledger entries
Underpinning Skills
Literacy skills to identify financial information, to follow Australian Accounting and Auditing Standards and the organisation's accounting procedures
Communication skills including questioning, clarifying, reporting
Numeracy skills in relation to calculation of percentages, simple addition and subtraction
Ability to relate to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities
Resource Implications
The learner and trainer should have access to appropriate documentation and resources normally used in the workplace which may include:
Australian Accounting and Auditing Standards
Organisational accounting procedures
Consistency of Performance
In order to achieve consistency of performance, evidence should be collected over a set period of time which is sufficient to include dealings with an appropriate range and variety of situations
Context/s of Assessment
Competency is demonstrated by performance of all stated criteria, including paying particular attention to the critical aspects and the knowledge and skills elaborated in the Evidence Guide, and within the scope as defined by the Range Statement
Assessment must take account of the endorsed assessment guidelines in the Business Services Training Package
Assessment of performance requirements in this unit should be undertaken in an actual workplace or simulated environment
Assessment should reinforce the integration of the key competencies and the business services common competencies for the particular AQF level. Refer to the Key Competency Levels at the end of this unit
Key Competency Levels
Collecting, analysing and organising information (Level 2)- to prepare an asset register
Communicating ideas and information (Level 1)- through revenue statements and balance sheets
Planning and organising activities (Level 1)- to prepare end-of-period financial reports
Working with teams and others (Level 1)- to correct or refer errors for resolution
Using mathematical ideas and techniques (Level 2)- to calculate depreciation
Solving problems (Level 2)- to ensure accounts balance
Using technology (Level 2)- to prepare or generate financial reports as required
Please refer to the Assessment Guidelines for advice on how to use the Key Competencies
The Evidence Guide identifies the critical aspects, underpinning knowledge and skills to be demonstrated to confirm competence for this unit. This is an integral part of the assessment of competence and should be read in conjunction with the Range Statement.
Critical Aspects of Evidence
Integrated demonstration of all elements of competency and their performance criteria
Adherence to Australian Accounting and Auditing Standards
Adherence to double-entry principles
Systematic tracing of errors
Underpinning Knowledge
* At this level the learner must demonstrate understanding of a broad knowledge base incorporating some theoretical concepts.
Relevant legislation from all levels of government that affects business operation, especially in regard to Occupational Health and Safety and environmental issues, equal opportunity, industrial relations and anti-discrimination
Knowledge of organisation's policies, procedures and accounting requirements
Knowledge of organisation's accounting systems
Double-entry bookkeeping principles
General journal and general ledger entries
Underpinning Skills
Literacy skills to identify financial information, to follow Australian Accounting and Auditing Standards and the organisation's accounting procedures
Communication skills including questioning, clarifying, reporting
Numeracy skills in relation to calculation of percentages, simple addition and subtraction
Ability to relate to people from a range of social, cultural and ethnic backgrounds and physical and mental abilities
Resource Implications
The learner and trainer should have access to appropriate documentation and resources normally used in the workplace which may include:
Australian Accounting and Auditing Standards
Organisational accounting procedures
Consistency of Performance
In order to achieve consistency of performance, evidence should be collected over a set period of time which is sufficient to include dealings with an appropriate range and variety of situations
Context/s of Assessment
Competency is demonstrated by performance of all stated criteria, including paying particular attention to the critical aspects and the knowledge and skills elaborated in the Evidence Guide, and within the scope as defined by the Range Statement
Assessment must take account of the endorsed assessment guidelines in the Business Services Training Package
Assessment of performance requirements in this unit should be undertaken in an actual workplace or simulated environment
Assessment should reinforce the integration of the key competencies and the business services common competencies for the particular AQF level. Refer to the Key Competency Levels at the end of this unit
Key Competency Levels
Collecting, analysing and organising information (Level 2)- to prepare an asset register
Communicating ideas and information (Level 1)- through revenue statements and balance sheets
Planning and organising activities (Level 1)- to prepare end-of-period financial reports
Working with teams and others (Level 1)- to correct or refer errors for resolution
Using mathematical ideas and techniques (Level 2)- to calculate depreciation
Solving problems (Level 2)- to ensure accounts balance
Using technology (Level 2)- to prepare or generate financial reports as required
Please refer to the Assessment Guidelines for advice on how to use the Key Competencies