Unit of competency Outline

Date retreived
23/07/2026 1:35 PM AWST

Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.

Prepare project acquittal

Prepare project acquittal

Unit of competency
National Code
AHCCCF401A
State Code
D6766
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
10/06/2011
State Implementation and Classification
Approved Date
14/03/2012
Field of Education
080101 - Accounting
Original Release Date
14/03/2012
Nominal Hours
50
Description
This unit covers the preparation of a project acquittal statement and defines the standard required to: collate budgeted resources and inputs to project from planning document; access accounts and develop a list of transactions related to the project; prepare the project acquittal for reporting and auditing; arrange for an audit of the acquittal, the final report and the full list of transactions.
Notes
Elements and Performance Criteria
1. Establish acquittal records
  • 1.1. Records of materials, equipment and labour that are provided by group for project are established prior to project commencement to obtain information for acquittal report.
2. Identify transactions and reports relating to project
  • 2.1. Accounting transactions and reports incorporated in group accounts and relating to project are identified for use in acquittal.
  • 2.2. Funds provided by program and the group are identified to develop separate statements of program and group contributions.
  • 2.3. In kind donations of materials, loan of equipment and donation of labour are identified and financial values are estimated for use in acquittal statements.
3. Prepare acquittal in required format
  • 3.1. Acquittal is prepared from accounting and other information to program and contract requirements.
  • 3.2. Program funds and expenditure are reported to show use on project and group operations, separately from group contributions to project.
  • 3.3. Group contributions to project are reported to program and contract requirements.
  • 3.4. Report is consolidated for approval and auditing.
4. Arrange audit of acquittal and transaction
  • 4.1. Audit of report is arranged to program and contract requirements.
  • 4.2. Approval of report is arranged to group, program and contract requirements.
RANGE STATEMENT
The range statement relates to the unit of competency as a whole.
Acquittal may include:
Commonwealth Government community programs under the Natural Heritage Trust
Rural Industry Programs
Business Programs and State Government community programs related to the environment.
EVIDENCE GUIDE
The evidence guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit
The evidence required to demonstrate competency in this unit must be relevant to workplace operations and satisfy holistically all of the requirements of the performance criteria and required skills and knowledge and include achievement of the following:
collate budgeted resources and inputs to project from planning document
access accounts and develop a list of transactions related to the project
prepare the project acquittal for reporting and auditing
arrange for an audit of the acquittal, the final report and the full list of transactions.
Context of and specific resources for assessment
Competency requires the application of work practices under work conditions. Selection and use of resources for some worksites may differ due to the regional or enterprise circumstances.
Replaces
State Code National Code Title Type
S2670 RTD4909A Prepare project acquittal Unit of competency
Replaced By
State Code National Code Title Type
BAN62 AHCCCF401 Prepare project acquittal Unit of competency