Unit of competency Outline

Date retreived
22/07/2026 3:51 PM AWST

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Perform financial administration of assets

Perform financial administration of assets

Unit of competency
National Code
DEFFIN016
State Code
BBC95
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
080399 - Business And Management, N.e.c.
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to maintain the asset register, perform asset reviews, provide asset data in support of financial reporting requirements, and process financial adjustments of assets on relevant financial management systems.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial management activities related to assets as part of their duties.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 be working under minimal supervision and/or supervising small teams while undertaking financial management tasks. They would perform routine tasks in familiar contexts.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Maintain the asset register
  • 1.1 Interpret information received from stakeholders and stocktake updates
  • 1.2 Update master data files
2 Perform asset reviews
  • 2.1 Undertake business reviews of assets contained in the asset register
  • 2.2 Update master files in the asset register to reflect review outcomes
3 Report on fixed assets
  • 3.1 Prepare asset lists for stakeholder review
  • 3.2 Summarise asset reporting output
4 Process financial adjustment of assets
  • 4.1 Upload adjustments
  • 4.2 Review adjustments in the asset register to confirm completeness
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State Code National Code Title Type
BDK9 DEF40817 Certificate IV in Defence Financial Administration Qualification