Unit of competency
Modification History
Release |
Comments |
1 |
This unit was released in PSP Public Sector Training Package release 1.0 and meets the Standards for Training Packages. This unit supersedes and is equivalent to PSPFIN401A Use public sector financial processes.
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Application
This unit describes the skills required to have basic knowledge of the public sector financial framework and its application to routine financial processes by staff working in a non-specialist finance role but with responsibility for financial duties/processes. It includes identifying and implementing public sector financial requirements related to the work role.
This unit applies to those working in the public sector who deals with financial frameworks and processes.
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.
Those undertaking this unit would work independently with some supervision of others, performing routine tasks in a familiar context.
No licensing, legislative or certification requirements apply to unit at the time of publication.
Competency Field
General
Elements and Performance Criteria
ELEMENTS |
PERFORMANCE CRITERIA |
Elements describe the essential outcomes |
Performance criteria describe the performance needed to demonstrate achievement of the element. Where bold italicised text is used, further information is detailed in the range of conditions section. |
1. Identify public sector financial requirements |
1.1 Identify the elements of the public sector financial management compliance framework relating to the work role and confirm organisational requirements relating to the application of these elements. 1.2 Identify delegation requirements relating to work functions. 1.3 Identify internal financial controls and separation of duties relating to the business unit and identify and clarify the implications of these with senior staff. 1.4 Locate public sector financial policies and procedures supporting the work role and identify their requirements. |
2. Implement public sector financial requirements |
2.1 Carry out and record financial processes. 2.2 Differentiate levels of delegations and implement delegation requirements relating to work functions. 2.3 Apply internal controls in the work area. |
Foundation Skills
Foundation skills are embedded within the elements and performance criteria of this unit.
Unit Mapping Information
This unit supersedes and is equivalent to PSPFIN401A Use public sector financial processes.
Links
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623
Companion Volume implementation guides are found in VETNet - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=bebbece7-ff48-4d2c-8876-405679019623