Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 3.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

Performance criteria describe the performance needed to demonstrate achievement of the element.

1. Obtain and enter data into computerised accounting system

1.1 Obtain input data from organisational or client source

1.2 Confirm purpose of information and verify information is in correct format for entry into system

1.3 Enter information into system and confirm its accuracy according to organisational procedures

1.4 Seek technical help to solve operational problems

2. Process transactions in computerised accounting system

2.1 Use information in system to process cash and credit transactions

2.2 Review system output to verify accuracy of data input according to organisational procedures

2.3 Seek help where required to correct detected processing errors

3. Produce reports

3.1 Generate reports in line with organisational policies and procedures that indicate financial performance and financial position of organisation, and for goods and services tax (GST) purposes

3.2 Generate reports that confirm that subsidiary ledgers and accounts reconcile with general ledger

3.3 Generate reports that confirm that system’s bank account details reconcile with bank statement

Skill 

Description 

Reading

• Accesses, manages and analyses financial information and data from a range of sources and reports
• Collates, codes and classifies data, checking for accuracy and reliability

Writing

• Records and checks financial and textual information in documentation and systems
• Uses correct spelling, grammar and terminology when entering data and preparing reports

Oral communication

• Uses questioning and active listening to clarify and convey information and instructions

Numeracy

• Performs mathematical calculations and uses mathematical problem-solving strategies to analyse financial data and reports

Navigate the world of work

• Identifies and complies with regulatory requirements, and organisational protocols, policies and procedures required to operate computerised accounting systems

Get the work done

• Organises work to meet organisational requirements, taking responsibility for process, compliance and scheduling needs
• Identifies and responds to predictable problems and implements solutions to issues that have the potential to impact on the data entry and reporting process
• Implements security requirements for managing digital data

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSACC304 Conduct business activities using a computerised accounting system

No previous unit.

New unit.

No equivalent unit.

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 3.0.