Establish and maintain accounting information systems

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 FNSACCT505B, 'Establish and maintain accounting information systems'.
Google Links
links to google searches, with filtering in place to maximise the usefulness of the returned results
Reference books for 'Establish and maintain accounting information systems' 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


Identify record and system requirements


Comprehensive specifications are prepared based on requirements of potential users


Conflicting requirements are identified and solutions are negotiated prior to and during development process


Objectives are defined and specifications documented to establish the expected inputs, outputs and means of delivery


System and record requirements are prioritised according to importance and urgency of user needs


Security requirements to maintain system integrity are identified and incorporated into the system design


Features of existing system (if any) and records are reviewed to establish their suitability and usability


Recording processes are established according to accepted practice and in accordance with legislation and codes of practice


Evaluate alternative systems


Features of various systems are compared and measured against user requirements to enable identification of alternative systems and solutions


Cost-benefit analysis on alternative systems and solutions is carried out and subsequent recommendations are documented


Acceptance test system


System is tested in an operational environment to ensure compliance with user requirements, system specifications and with relevant legislation or industry codes of practice


Formal confirmation from all users is obtained on acceptability of new system/system changes against all criteria and system specifications


Prepare system documentation


System documentation is prepared thoroughly and accurately using clear and simple language and in a clear format to enable system implementation and training


Users are consulted to ensure clarity, accuracy, thoroughness and usability of system documentation


System documentation is made easily accessible and is constantly reviewed and updated to ensure currency and accuracy


Implement reporting systems and records


Implementation is carried out in accordance with specified guidelines and timelines


Contingency plans are established to deal with potential delays or problems


Effective training schedules and programs are established to support implementation


All data is transferred from existing to new/modified system and records without error or loss


Systems and records are updated regularly to identify ongoing benefits and threats to the organisation


Files are maintained within organisational and statutory requirements and discrepancies identified and remedied


Integrity of systems and records complies with organisational and statutory requirements


Transactions are monitored to identify taxation and other liabilities


Monitor reporting systems


Transactions are analysed and accounted for completely and are correctly related to accounting period


Processes for recording and classifying transactions are communicated and promoted to support internal verification of records


Sources of input data and documentation are standardised in structured formats to minimise errors


Back-ups are maintained in accessible location to safeguard data in accordance with organisational and audit requirements


Review reporting procedures


Sources of input data and documentation records are systematically checked for accuracy and reliability


Reporting requirements are established and analysed regularly to identify variations and compliance with established processes for recording and classifying transactions


Written reports, explanatory notes and financial results are maintained to support source documentation

Qualifications and Skillsets

FNSACCT505B appears in the following qualifications:

  • SIS50410 - Diploma of Sport and Recreation Administration
  • SIS50110 - Diploma of Facility Management
  • SIS50610 - Diploma of Sport Development
  • CHC52310 - Diploma of Community Services (Development and/or Humanitarian Assistance)
  • PSP50504 - Diploma of Government (Financial Services)