Unit of competency Outline

Date retreived
22/07/2026 10:57 AM AWST

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Perform financial calculations

Perform financial calculations

Unit of competency
National Code
FNSACC303
State Code
AUX26
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
30
Description
This unit describes the skills and knowledge required to use a range of common calculation methods and techniques for conducting routine financial calculations and transactions.It applies to individuals who use literacy and numeracy skills to perform common computational tasks as part of an operational job role.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Obtain data and resources for financial calculations
  • 1.1 Obtain input data and verify as relevant for workplace calculations
  • 1.2 Determine outcomes of calculations and confirm from task specifications
  • 1.3 Acquire relevant resources and equipment to perform calculations effectively
  • 1.4 Develop simple spreadsheets where necessary to perform calculations that may be repeated
2. Select appropriate methods and carry out financial calculations
  • 2.1 Use hand held calculators to perform calculations, and identify and obtain other equipment that may be required
  • 2.2 Perform calculations to complete work requirements using appropriate techniques
  • 2.3 Recheck data used in calculations against task specifications
3. Check calculations and record outcomes
  • 3.1 Check results to ensure calculations are accurate and meet required outcomes, and recognise and correct common computational errors where required
  • 3.2 Record calculation results to industry standards and enterprise requirements
  • 3.3 Store or electronically file calculation worksheets according to organisational policy and procedures, for future use
No information
No information
Replaces
State Code National Code Title Type
D4032 FNSACC303A Perform financial calculations Unit of competency
Replaced By
State Code National Code Title Type
BBI01 FNSACC313 Perform financial calculations Unit of competency