Unit of competency Outline

Date retreived
22/07/2026 3:52 PM AWST

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Understand and comply with a financial management framework

Understand and comply with a financial management framework

Unit of competency
National Code
DEFFIN005
State Code
BBC44
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
17/08/2017
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
081199 - Banking, Finance And Related Fields, N.e.c.
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to navigate through and comply with the organisation’s financial management framework, and identify and act on non-compliance.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities.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, particularly those related to financial administration.Those undertaking this unit would work independently or as part of a team, under direct supervision. They must be able to use discretion and judgement and take responsibility for the quality of their outputs. They would perform complex tasks in familiar context.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Develop understanding of the financial management framework
  • 1.1 Maintain currency of knowledge of the financial management framework
  • 1.2 Seek advice and guidance from colleagues to clarify financial management requirements
2 Comply with the financial management framework
  • 2.1 Uphold financial management policies and principles
  • 2.2 Promote compliance with financial management policies amongst colleagues
3 Manage compliance
  • 3.1 Identify and report on instances of non-compliance
  • 3.2 Make recommendations to management to reduce the risk of future non-compliance
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State Code National Code Title Type
BDK9 DEF40817 Certificate IV in Defence Financial Administration Qualification