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 |
|
Oral Communication |
1.1, 1.2, 2.1, 5.4 |
|
Numeracy |
2.1-2.6, 3.1-3.5, 5.1-5.4 |
|
Navigate the world of work |
2.1 |
|
Get the work done |
1.1, 1.2, 2.2- 2.6, 3.1-3.5, 4.1, 4.2, 5.1, 5.4 |
|
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.gov.au/Pages/TrainingDocs.aspx?q=a53af4e4-b400-484e-b778-71c9e9d6aff2