Unit of competency Outline

Date retreived
22/07/2026 1:44 PM AWST

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Work effectively in the accounting and bookkeeping industry

Work effectively in the accounting and bookkeeping industry

Unit of competency
National Code
FNSACC418
State Code
OEC82
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/06/2022
View on TGA
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
080101 - Accounting
Original Release Date
07/12/2022
Nominal Hours
55
Description
This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.The unit applies to individuals who occupy accounting and bookkeeping roles with some responsibility, communicate professionally with stakeholders, and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting and bookkeeping industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Users are advised to check with the relevant regulatory authorities to confirm those requirements.
Notes
Elements and Performance Criteria
1. Develop professional working relationships
  • 1.1 Clarify business needs and expectations of work through clear communication with key stakeholders
  • 1.2 Determine roles and responsibilities of various members of the accounting and tax profession according to business needs
  • 1.3 Identify activities that fall outside own role and responsibilities, and identify alternative service providers able to carry out those activities
  • 1.4 Refer business owner to networks for advice and services where applicable
  • 1.5 Request feedback on range, scope and quality of service to be provided and act on feedback, where applicable
  • 1.6 Identify and apply ethical principles and practices in own role and responsibilities
2. Identify compliance requirements and support materials
  • 2.1 Obtain access to publications and software tools required to carry out own work
  • 2.2 Research legislative, statutory, regulatory and industry requirements for carrying out own work activities
3. Set up and maintain systems to meet compliance requirements
  • 3.1 Develop systems that support user needs
  • 3.2 Develop instructions and guidelines for carrying out daily activities according to compliance requirements
  • 3.3 Design processes and procedures for regularly reviewing and adapting systems according to compliance requirements
4. Complete work activities autonomously and in a team
  • 4.1 Identify tasks to be done and required conditions for working autonomously and in team environment
  • 4.2 Document required resources, timelines, and priorities for work activities in work plan
  • 4.3 Communicate priorities from work plan with team members, as required
  • 4.4 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions
  • 4.5 Support team to identify and resolve problems, as required
  • 4.6 Adapt work plan according to changes in technology and work organisation
5. Develop and maintain own competency
  • 5.1 Identify and document own professional development needs and goals in professional development plan
  • 5.2 Confirm compliance with competency, authorisation and licensing requirements relevant to own role
  • 5.3 Research and document professional development opportunities that reflect own needs and goals in professional development plan
  • 5.4 Confirm professional development plan includes timeline and actions to meet documented needs and goals
No information
No information
Replaces
State Code National Code Title Type
BBH88 FNSACC408 Work effectively in the accounting and bookkeeping industry Unit of competency