Set up and operate a computerised accounting system

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 FNSACCT407B, 'Set up and operate a computerised accounting system'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Set up and operate a computerised accounting system' on This online store has a huge range of books, pretty reasonable prices, free delivery in Australia *and* they give a small commission to for every purchase, so go nuts :)

Elements and Performance Criteria

Elements and Performance Criteria


Performance Criteria


Implement an integrated accounting system


The general ledger and chart of accounts are implemented in accordance with organisational requirements


Customers, suppliers and inventory items are set up in accordance with organisational requirements


A system is set up to meet the reporting requirements of Goods and Services Tax (GST)


Appropriate technical help is used to solve any operational problems


Process transactions within the system


Input data is collated, coded and classified before processing


A wide range of cash and credit transactions are processed in both a service and trading environment


The general journal is used to make any balance day adjustments for prepayments and accruals


The system outputs is reviewed to verify the accuracy of data input


Adjustments are made for any detected processing errors


An end of financial year rollover is performed


Maintain the system


Any new general ledger accounts, customer, supplier, inventory and fixed asset records are added as required


Any existing chart of accounts, customer, supplier, inventory and fixed asset records are maintained and updated


The chart of accounts is customised to meet the reporting requirements of the organisation


Produce reports


Reports to indicate the financial performance and financial position of the organisation are generated


Reports to meet the GST reporting requirements of the organisation are generated


Reports to ensure that subsidiary ledgers/accounts reconcile with the general ledger are generated


Reports, which ensure that the bank account reconciles with the bank statement, over at least two reporting periods are generated


Ensure system integrity


Regular back-ups of the system are made to ensure against loss or corruption of data


Data back-ups are restored in the event of loss or corruption of data


A secure record of all processed transactions is maintained for audit purposes

Qualifications and Skillsets

FNSACCT407B appears in the following qualifications:

  • BSB40407 - Certificate IV in Small Business Management
  • SIT50207 - Diploma of Events