Unit of competency Outline

Date retreived
23/07/2026 7:49 AM AWST

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Set up and operate a computerised accounting system

Set up and operate a computerised accounting system

Unit of competency
National Code
FNSACC416
State Code
BBH68
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080905 - Practical Computing Skills
Original Release Date
09/05/2018
Nominal Hours
70
Description
This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This is generally under supervision and encompasses processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.It applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Implement integrated accounting system
  • 1.1 Implement general ledger, chart of accounts, and subsidiary accounts according to organisational requirements, policies and procedures
  • 1.2 Set up customers, suppliers and inventory items in system to meet organisational requirements and reporting requirements of goods and services tax (GST)
  • 1.3 Identify sources of technical help and use them to solve operational problems
2. Process transactions in system
  • 2.1 Collate, code, and classify input data before processing
  • 2.2 Process wide range of cash and credit transactions according to organisational policies and procedures
  • 2.3 Use general journal to make balance day adjustments for prepayments and accruals
  • 2.4 Regularly review system output to verify accuracy of data input, and make adjustments for detected processing errors
  • 2.5 Perform end of financial year rollover
3. Maintain system
  • 3.1 Add new general ledger accounts, and customer, supplier, inventory and fixed asset records as required
  • 3.2 Maintain and update existing chart of accounts, and customer, supplier, inventory and fixed asset records and subsidiary accounts
  • 3.3 Customise chart of accounts to meet reporting requirements of organisation
4. Produce reports
  • 4.1 Generate reports to indicate financial performance and financial position of organisation and for goods and services tax (GST) purposes
  • 4.2 Generate reports that confirm that subsidiary ledgers and accounts reconcile with general ledger
  • 4.3 Generate reports that confirm that system’s bank account entries reconcile with bank statements
  • 4.4 Establish systems and practices to ensure information is stored securely and according to legislative and organisational requirements
  • 4.5 Maintain secure record of processed transactions for audit purposes
No information
No information
Replaces
State Code National Code Title Type
AUQ06 FNSACC406 Set up and operate a computerised accounting system Unit of competency
Replaced By
State Code National Code Title Type
OEB92 FNSACC426 Set up and operate computerised accounting systems Unit of competency