Process financial transactions and extract interim reports

Formats and tools

Unit Description
Reconstruct the unit from the xml and display it as an HTML page.
Assessment Tool
an assessor resource that builds a framework for writing an assessment tool
Assessment Template
generate a spreadsheet for marking this unit in a classroom environment. Put student names in the top row and check them off as they demonstrate competenece for each of the unit's elements and performance criteria.
Assessment Matrix
a slightly different format than the assessment template. A spreadsheet with unit names, elements and performance criteria in separate columns. Put assessment names in column headings to track which performance criteria each one covers. Good for ensuring that you've covered every one of the performance criteria with your assessment instrument (all assessement tools together).
Wiki Markup
mark up the unit in a wiki markup codes, ready to copy and paste into a wiki page. The output will work in most wikis but is designed to work particularly well as a Wikiversity learning project.
Evidence Guide
create an evidence guide for workplace assessment and RPL applicants
Competency Mapping Template
Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners. A template for developing assessments for a unit, which will help you to create valid, fair and reliable assessments for the unit, ready to give to trainers and students
Observation Checklist
create an observation checklist for workplace assessment and RPL applicants. This is similar to the evidence guide above, but a little shorter and friendlier on your printer. You will also need to create a seperate Assessor Marking Guide for guidelines on gathering evidence and a list of key points for each activity observed using the unit's range statement, required skills and evidence required (see the unit's html page for details)

Self Assessment Survey
A form for students to assess thier current skill levels against each of the unit's performance criteria. Cut and paste into a web document or print and distribute in hard copy.
Moodle Outcomes
Create a csv file of the unit's performance criteria to import into a moodle course as outcomes, ready to associate with each of your assignments. Here's a quick 'how to' for importing these into moodle 2.x
Registered Training Organisations
Trying to find someone to train or assess you? This link lists all the RTOs that are currently registered to deliver FNSACC301A, 'Process financial transactions and extract interim reports'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Books
Reference books for 'Process financial transactions and extract interim reports' on fishpond.com.au. This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to ntisthis.com for every purchase, so go nuts :)


Elements and Performance Criteria

ELEMENT

PERFORMANCE CRITERIA

1. Check and verify supporting documentation

1.1. Information from documents is identified, checked and recorded

1.2. Supporting documentation is examined to establish accuracy and completeness and to ensure authorisation by appropriate personnel

2. Prepare and process banking and petty cash documents

2.1. Deposits and withdrawals are accurately entered and balanced according to organisational procedures

2.2. Cheques and card vouchers are checked for validity before processing

2.3. Banking documentation is reconciled with organisation's financial records

2.4. Petty cash claims and vouchers are checked, processed and recorded and the petty cash book is balanced according to organisational procedures

3. Prepare and process invoices for payment to creditors and for debtors

3.1. Invoices are prepared in accordance with organisational procedures

3.2. Invoices are checked against source documents for accuracy and any errors corrected

3.3. All invoices and related documents are filed for auditing purposes

4. Prepare journals and batch monetary items

4.1. Journals are prepared accurately and completely and items batched within organisational timelines

4.2. Batch items are precisely matched to initial receipt records

4.3. Journals are authorised in accordance with organisational policy and procedures

5. Post journals to ledger

5.1. Journals are posted to ledger accurately and in accordance with organisation input standards with transactions correctly allocated to system and accounts

6. Enter data into system

6.1. Data is entered into system accurately and in accordance with organisation input standards with transactions correctly allocated to system and accounts

6.2. Related systems are updated to maintain the integrity of relationships between financial systems

7. Prepare deposit facility and lodge flows

7.1. A deposit facility is selected appropriate to the banking method to be used

7.2. Batch is balanced with deposit facility without error

7.3. Securityand safety precautions are taken appropriate to the method of banking in accordance with organisational policy and industry and legislative requirements

7.4. Proof of lodgement is obtained and filed so that it is easily accessible and traceable

8. Extract a trial balance and interim reports

8.1. Any special transactions are processed accurately

8.2. Cash and credit journals are completed and posted to general ledger

8.3. A trial balance is extracted and checked and other required reports prepared

8.4. Any errors are found and corrected


Qualifications and Skillsets

FNSACC301A appears in the following qualifications:

  • FNS40610 - Certificate IV in Accounting
  • FNS30310 - Certificate III in Accounts Administration
  • FNS30610 - Certificate III in Insurance Broking
  • SFI20611 - Certificate II in Seafood Industry (Sales and Distribution)
  • SFI20211 - Certificate II in Fishing Operations
  • SFI20511 - Certificate II in Seafood Processing
  • SFI20111 - Certificate II in Aquaculture