Unit of competency Outline
Date retreived
22/07/2026 6:59 AM AWST
22/07/2026 6:59 AM 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.
Maintain main bank account
Maintain main bank account
Unit of competency
National Code
FNSRTS309A
FNSRTS309A
State Code
D4161
D4161
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
20/03/2013
Field of Education
081101 - Banking And Finance
Original Release Date
20/03/2013
Nominal Hours
20
Description
This unit describes the performance outcomes, skills and knowledge required to analyse, verify and process credit and debit transactions and prepare reconciliation reports.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Perform analysis of transactions
- 1.1. Teller bankings are reconciled to daily amounts recorded in Statements, in accordance with organisation policies and procedures and relevant legislative and compliance requirements
- 1.2. Presented cheques, other credit and other debits are identified and actioned according to the organisation policies and procedures and general ledger entries are charged appropriately
- 1.3. Errors and discrepancies are rectified in a timely manner and all entries on daily bank statements actioned and followed up as appropriate
2. Analyse corporate cheques outstanding
- 2.1. Exceptions reports are generated and exceptions are identified, investigated and actioned in a timely manner
- 2.2. Stale cheques are identified and acted upon according to organisational policies and procedures
3. Complete reconciliations
- 3.1. Reconciliation is completed in an accurate and timely manner with any imbalances identified and rectified
- 3.2. Appropriate liaison with customers and bank personnel is undertaken as necessary
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Organisation policies, procedures and practises may include:
established policies and procedures relating to preparation of reconciliation reports.
Relevant legislation and compliance requirements may include:
Consumer Credit Code
Privacy Act
industry codes of practice.
Other credits and other debits are:
any transactions, either direct or indirect in nature, other than presented cheques which need to be recorded.
General ledger entries include:
the recording of fees, taxes and direct debits
Exceptions refer to:
any corporate cheque falling outside normal parameters.
Stale cheques refer to:
cheques which have passed the statutory time limit for presentation.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Organisation policies, procedures and practises may include:
established policies and procedures relating to preparation of reconciliation reports.
Relevant legislation and compliance requirements may include:
Consumer Credit Code
Privacy Act
industry codes of practice.
Other credits and other debits are:
any transactions, either direct or indirect in nature, other than presented cheques which need to be recorded.
General ledger entries include:
the recording of fees, taxes and direct debits
Exceptions refer to:
any corporate cheque falling outside normal parameters.
Stale cheques refer to:
cheques which have passed the statutory time limit for presentation.
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
Evidence of the ability to:
thoroughly check transaction details and reconciliation reports
interpret and apply relevant legislation
effectively apply bank account reconciliation processes.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
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
Evidence of the ability to:
thoroughly check transaction details and reconciliation reports
interpret and apply relevant legislation
effectively apply bank account reconciliation processes.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9910 | FNSRETA310B | Maintain main bank account | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUT05 | FNSRTS309 | Maintain main bank account | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D703 | FNS30311 | Certificate III in Accounts Administration | Qualification |
| D702 | FNS30111 | Certificate III in Financial Services | Qualification |