Unit of competency Outline

Date retreived
22/07/2026 10:57 AM AWST

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Prepare financial statements for non-reporting entities

Prepare financial statements for non-reporting entities

Unit of competency
National Code
FNSACC404
State Code
AUP53
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
70
Description
This unit describes the skills and knowledge required to develop a range of commonly required financial reports for entities that do not have a statutory duty to file financial reports with government agencies and regulators.It applies to individuals who use specialised knowledge and systematic approaches to collate and prepare financial information.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.
Notes
Elements and Performance Criteria
1. Compile data
  • 1.1 Systematically code, classify and check data for accuracy and reliability in accordance with organisational policy and procedures
  • 1.2 Check internal and external financial data to ensure consistency and accuracy
2. Prepare reports
  • 2.1 Present charts, diagrams and supporting data in appropriate manner
  • 2.2 Prepare reports, following clear and appropriate structure and format that conforms with organisational requirements
  • 2.3 Ensure statements and data are error free and comprehensive, and cross-check full report against original data and accounting standards
  • 2.4 Make any necessary corrections and obtain verification and authorisation by relevant persons
No information
No information
Replaces
State Code National Code Title Type
D4036 FNSACC404A Prepare financial statements for non-reporting entities Unit of competency
Replaced By
State Code National Code Title Type
BBH71 FNSACC414 Prepare financial statements for non-reporting entities Unit of competency
State Code National Code Title Type
AWF3 FNS40615 Certificate IV in Accounting Qualification
AWB2 FNS40215 Certificate IV in Bookkeeping Qualification