Unit of competency details

ICTICT208 - Operate accounting applications (Release 1)

Summary

Releases:
ReleaseStatusRelease date
1 1 (this release)Current 25/Mar/2015

Usage recommendation:
Current
Mapping:
MappingNotesDate
Supersedes and is equivalent to ICAICT208A - Operate accounting applicationsUpdated to meet Standards for Training Packages. 24/Mar/2015


Training packages that include this unit

Classifications

SchemeCodeClassification value
ASCED Module/Unit of Competency Field of Education Identifier 080905 Practical Computing Skills  

Classification history

SchemeCodeClassification valueStart dateEnd date
ASCED Module/Unit of Competency Field of Education Identifier 080905 Practical Computing Skills  30/Jul/2015 
The content being displayed has been produced by a third party, while all attempts have been made to make this content as accessible as possible it cannot be guaranteed. If you are encountering issues following the content on this page please consider downloading the content in its original form

Unit Of competency

Modification History

Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology Training Package Version 1.0.

Application

This unit describes the skills and knowledge required to operate common accounting software packages in order to maintain enterprise financial records.

It applies to individuals working with little supervision who use information and communications technology (ICT) skills and knowledge to support the financial area within a small to large office environment.

No licensing, legislative or certification requirements apply to this unit at the time of publication.

Unit Sector

General ICT

Elements and Performance Criteria

ELEMENT 

PERFORMANCE CRITERIA 

Elements describe the essential outcomes.

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

1. Customise software

1.1 Select accounting software to meet business requirements

1.2 Load, register and configure accounting software according to operating instructions

2. Create enterprise data

2.1 Establish chart of accounts according to business and legislative requirements

2.2 Create and add data on customers and sales

2.3 Create and add data on suppliers and purchases

2.4 Create and add payroll details

2.5 Create and add inventory details

2.6 Add required or suitable tax codes

3. Record and track transactions

3.1 Generate invoices and track their progress

3.2 Record customer payments and update customer details

3.3 Record and track purchases

3.4 Record payment of wages, allowances, taxation and superannuation

3.5 Update business data as required

4. Save and back up data

4.1 Save accounting data to disk

4.2 Make a regular backup of accounting data and store in a safe location

5. Generate reports

5.1 Reconcile accounts

5.2 Generate and print financial reports based on accounting data

5.3 Check financial reports for errors and discrepancies

5.4 Discuss errors with appropriate person and rectify as required

Foundation Skills

This section describes language, literacy, numeracy and employment skills incorporated in the performance criteria that are required for competent performance.

Skill 

Performance Criteria 

Description 

Reading

1.1, 1.2, 2.1, 5.3, 5.4

  • Identifies and interprets textual and numerical financial information necessary to maintain organisational accounting records
  • Interprets textual information from relevant sources to identify the most appropriate software to use, and business and legislative requirements

Oral Communication

1.1, 1.2, 2.1, 5.4

  • Uses plain English, effective listening and questioning techniques and, where necessary, finance specific terminology to elicit information and discuss issues

Numeracy

2.1-2.6, 3.1-3.5, 5.1-5.4

  • Interprets numerical information containing whole numbers, decimals and percentages, and applies a range of mathematical calculations to ensure organisational financial requirements are met

Navigate the world of work

2.1

  • Appreciates the implications of legal and regulatory responsibilities related to own work

Get the work done

1.1, 1.2, 2.2- 2.6, 3.1-3.5, 4.1, 4.2, 5.1, 5.4

  • Plans a range of routine and some non-routine tasks, accepting stated goals and aiming to achieve them efficiently
  • Understands the purpose, specific functions and key features of common digital systems and tools, and operates them effectively to complete routine tasks
  • Uses familiar digital systems and tools to access, organise, analyse and display information relevant to role

Unit Mapping Information

Code and title 

current version 

Code and title 

previous version 

Comments 

Equivalence status 

ICTICT208 Operate accounting applications

ICAICT208A Operate accounting applications

Updated to meet Standards for Training Packages

Equivalent unit

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=a53af4e4-b400-484e-b778-71c9e9d6aff2

 

Assessment requirements

Modification History

Release 

Comments 

Release 1

This version first released with ICT Information and Communications Technology Training Package Version 1.0.

Performance Evidence

Evidence of the ability to:

  • load and configure accounting software
  • create and maintain enterprise financial records as per business and legislative requirements
  • record and track transactions
  • back up data
  • reconcile accounts and generate reports.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

Knowledge Evidence

To complete the unit requirements safely and effectively, the individual must:

  • discuss basic accounting concepts, including:
  • assets
  • cost of sales
  • creditors
  • debtors
  • equity
  • expenses
  • income
  • liabilities
  • identify basic accounting devices, including:
  • accounts
  • chequebook register
  • general ledger
  • invoices
  • purchases
  • sales journals
  • transaction journals
  • outline current legislative requirements relating to enterprise requirements, including:
  • goods and services tax
  • income tax rates
  • pay as you go
  • superannuation
  • discuss the features and functions of common accounting reports, including:
  • balance sheet
  • business activity statements
  • chart of accounts
  • profit and loss
  • outline the features and functions of common accounting software.

Assessment Conditions

Gather evidence to demonstrate consistent performance in conditions that are safe and replicate the workplace. Noise levels, production flow, interruptions and time variances must be typical of those experienced in the general information and communications technology (ICT) industry, and include access to:

  • a printer and personal computer (PC) with appropriate specifications to run the software
  • industry standard commercial accounting applications
  • documents detailing business requirements
  • legislative requirements if required.

Assessors must satisfy NVR/AQTF assessor requirements.

Links

Companion Volume implementation guides are found in VETNet - https://vetnet.education.gov.au/Pages/TrainingDocs.aspx?q=a53af4e4-b400-484e-b778-71c9e9d6aff2

Training component details
The following details are displayed for each different NRT:-

Training packages

- Training package details
- Training package components

Qualifications

- Qualification details
- Qualification components

Accredited courses

- Accredited course details

Modules

- Module details

Units of competency

- Units of competency details
- Unit components

Skill sets

- Skill set details
- Skill set components

Click on the Export link to export the NRT information to MS Word or PDF.

Click on the Manage notification link to create or change a notification for this NRT.

When selecting the Display history check box a set of tables will appear displaying a log of historical values describing what has changed and when over time.

If you have access to make changes to an NRT, click on the Edit link on the upper right hand side of the summary box.