Assessment Requirements for FNSACC416 Set up and operate a computerised accounting system

Release: 1

Assessment Requirements for FNSACC416 Set up and operate a computerised accounting system

Modification History

Release	Comments
Release 1	This version first released with FNS Financial Services Training Package Version 3.0.

Performance Evidence

Evidence of the ability to:

set up the chart of accounts for one organisation by modifying an established integrated financial software system

implement an integrated computerised accounting system, ensuring integrity of the data

process transactions in the integrated system, including:

BPAY

credit card payments

direct debit

invoices

petty cash

generate reports in the integrated system over at least two reporting periods, including:

goods and services tax (GST) accrual report

payroll report

bank reconciliation report

profit and loss statement

balance sheet

maintain computerised accounting system information securely.

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

Knowledge Evidence

The candidate must be able to demonstrate the following knowledge to effectively complete the tasks outlined in the elements and performance criteria of this unit, and to manage tasks and reasonably foreseeable contingencies in the context of the work role.

Key features of desktop and cloud-based computerised accounting systems

Key features of organisational policies and procedures relating to setting up and operating a computerised accounting system

Key requirements of financial services industry legislation relating to information privacy when using computerised accounting systems

Key features and characteristics of information included in source documents of financial data

Assessment Conditions

Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the accounting field of work and include access to:

office equipment and consumables required to operate a computerised accounting system

technology and software required to operate a computerised accounting system, including:

integrated commercial financial software system and associated data

desktop-based and/or cloud-based computerised accounting system

access to the internet.

Assessors of this unit must satisfy the assessor requirements in applicable vocational education and training legislation, frameworks and/or standards.

Links

Companion volumes are available from VETNet. - https://vetnet.gov.au/Pages/TrainingDocs.aspx?q=c7200cc8-0566-4f04-b76f-e89fd6f102fe