Unit of competency Outline

Date retreived
23/07/2026 12:05 AM AWST

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Ensure financial data quality

Ensure financial data quality

Unit of competency
National Code
DEFFIN003
State Code
BBC62
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
080317 - Quality Management
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to ensure, review and improve data quality within the organisational financial management environment.This unit applies to those working in the public sector Finance Domain.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 management activities.Those undertaking this unit would work independently or as part of a team, under indirect supervision. They must be able to use discretion and judgement and take responsibility for the quality of their outputs. They would perform routine 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 Uphold data quality principles
  • 1.1 Apply Chart of Accounts to financial data
  • 1.2 Maintain financial records
2 Reconcile financial data
  • 2.1 Identify source data to be reconciled
  • 2.2 Identify subsidiary systems, documents and records to reconcile against
  • 2.3 Identify, investigate and explain variances
  • 2.4 Detect and rectify errors
3 Review and improve data quality in the workplace
  • 3.1 Identify failure points in data management process
  • 3.2 Determine appropriate controls to address relevant risks
  • 3.3 Evaluate the effectiveness of key data quality controls
  • 3.4 Address control deficiencies
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