Unit of competency
Modification History
Release 1. This is the first release of this unit of competency in the DEF Defence Training Package. |
Application
This unit describes the skills required to provide support to the management of Defence financial governance requirements. This unit applies to those working in the public sector Finance Domain who would be required to undertake financial administration activities. The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to, particularly those related to government financial management. Those undertaking this unit would be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform routine tasks in familiar context. No licensing, legislative or certification requirements apply to this unit at the time of publication. |
Pre-requisite Unit
Not applicable. |
Competency Field
Financial Management |
Unit Sector
Not applicable. |
Elements and Performance Criteria
ELEMENTS |
PERFORMANCE CRITERIA |
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Elements describe the essential outcomes. |
Performance criteria describe the performance needed to demonstrate achievement of the element. |
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1 |
Review financial governance requirements |
1.1 |
Identify financial governance and ethical requirements to determine application to operations |
1.2 |
Access clarifications on application of financial governance requirements from authoritative and recognised sources |
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1.3 |
Review internal control procedures |
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2 |
Monitor adherence to compliance requirements |
2.1 |
Monitor financial operations to identify incidences of non-compliance |
2.2 |
Review sources of information on potential non-compliance |
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2.3 |
Monitor financial management information system to identify any indication of non-compliance |
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3 |
Liaise with others during breach management |
3.1 |
Liaise with relevant regulatory authorities |
3.2 |
Seek advice from relevant internal and external personnel on the classification and management of non-compliance |
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4 |
Monitor policy |
4.1 |
Report on performance indicators |
4.2 |
Identify variations in adoption of corporate governance requirements in operations |
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4.3 |
Implement solutions to facilitate compliance with internal control procedures |
Foundation Skills
Foundation skills essential to performance are explicit in the performance criteria of this unit of competency. |
Range of Conditions
Range is restricted to essential operating conditions and any other variables essential to the work environment. Non-essential conditions may be found in the Companion Volume Implementation Guide. |
Unit Mapping Information
No equivalent unit. |
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=6bdbab1e-11ed-4bc9-9cba-9e1a55d4e4a9