Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Develop professional working relationship with relevant parties

1.1 Clarify business needs and expectations of bookkeeper through clear communication with relevant parties

1.2 Determine roles and responsibilities of bookkeeper according to business needs

1.3 Identify activities that fall outside role and responsibilities of bookkeeper, and networks of individuals able to carry out activities

1.4 Refer business owner to relevant networks for advice and services where applicable

1.5 Request feedback on range, type and quality of service to be provided and act on, where applicable

1.6 Identify and use relevant ethical principles and practices in all dealings

1.7 Implement strategy for regular professional development to ensure ongoing professional practices

2. Carry out research to identify compliance requirements and support materials

2.1 Research legislative, statutory, regulatory and industry requirements for carrying out bookkeeping activities

2.2 Obtain access to relevant publications and software tools designed to assist in carrying out bookkeeping activities

3. Set up and maintain appropriate systems to meet compliance requirements

3.1 Develop systems to support user needs

3.2 Develop instructions and guidelines for carrying out relevant daily activities in accordance with compliance requirements

3.3 Review and adapt systems as necessary on a regular basis

Skill 

Performance Criteria 

Description 

Learning

1.7

• Initiates strategies to maintain and enhance own knowledge and skills

Reading

1.6, 2.1, 2.2, 3.3

• Integrates prior knowledge with new information from a range of relatively complex sources to establish and review relevant information and extend understanding

Writing

3.1-3.3

• Compiles logically sequenced texts using appropriate text type and support materials to convey detailed information and clear instructions that are amended or improved as required

Oral Communication

1.1-1.5

• Participates effectively in interactions, clearly articulating information and using questioning and active listening to clarify understanding of client requirements and elicit client feedback

Navigate the world of work

1.6, 2.1, 2.2

• Recognises and implements relevant legislative, statutory, regulatory and industry requirements
• Maintains knowledge required to meet expectations of own role

Interact with others

1.1-1.5

• Recognises the importance of building rapport to establish effective working relationships
• Adapts personal communication style to show respect for the values, beliefs and cultural expectations of others

Get the work done

1.1-1.7, 2.1, 2.2, 3.1-3.3

• Organises work according to defined requirements, using some analytical processes and taking responsibility for decisions
• Develops systems and supporting documentation to achieve required outcomes
• Uses the main features and functions of digital tools to complete work tasks

Code and title  

current version 

Code and title 

previous version 

Comments 

Equivalence status 

FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities

FNSBKG401A Develop and implement policies and procedures relevant to bookkeeping activities

Updated to meet Standards for Training Packages

Equivalent unit

Release 

Comments 

Release 1

This version first released with FNS Financial Services Training Package Version 1.0.