Application
This unit describes skills and knowledge required to prepare, process and maintain financial transactions and to reconcile outstanding accounts.
The unit applies to individuals employed in a range of work environments supporting the accounting functions of an organisation. They may provide administrative support in an organisation or be members of staff, who have been delegated accounting responsibilities.
No licensing, legislative or certification requirements apply to this unit at the time of publication.
Unit Sector
Business Competence – Financial Literacy
Foundation Skills
This section describes those language, literacy, numeracy and employment skills that are essential to performance but not explicit in the performance criteria.
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Skill |
Description |
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Numeracy |
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Reading |
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Writing |
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Initiative and enterprise |
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Planning and organising |
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Problem solving |
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Technology |
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Unit Mapping Information
No equivalent unit. Supersedes but is not equivalent to:
- BSBCUE305 Process credit applications
- BSBCUE306 Process complex accounts
- BSBFIA303 Process accounts payable and receivable.
Assessment Conditions
Skills in this unit must be demonstrated in a workplace or simulated environment where the conditions are typical of those in a working environment in this industry.
This includes access to:
- accounting software
- examples of cash journals, credit journals, accounts payable and accounts receivable subsidiary legers
- workplace reference materials including procedural manuals and company policies.
Assessors of this unit must satisfy the requirements for assessors in applicable vocational education and training legislation, frameworks and/or standards.