Unit of competency Outline

Date retreived
22/07/2026 9:00 AM AWST

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Process financial transactions

Process financial transactions

Unit of competency
National Code
DEFFIN025
State Code
BBD02
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
17/08/2017
View on TGA
State Implementation and Classification
Approved Date
21/02/2018
Field of Education
080101 - Accounting
Original Release Date
21/02/2018
Nominal Hours
0
Description
This unit describes the skills required to process financial transactions in financial management systems.This unit applies to those working in the public sector Finance Domain who would be required to undertake financial administration activities.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 administration.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 Check and verify supporting documentation
  • 1.1 Record information from financial documents
  • 1.2 Examine supporting documentation to establish accuracy and completeness and to ensure authorisation by appropriate personnel
2 Prepare and process transaction documentation
  • 2.1 Prepare documentation
  • 2.2 Check documentation against source documents for accuracy and correct any errors
  • 2.3 File documents for auditing purposes
3 Enter data into system
  • 3.1 Enter data and allocate transactions to system and accounts ensuring accuracy
  • 3.2 Update related systems to maintain integrity of relationships between financial systems
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State Code National Code Title Type
BDK9 DEF40817 Certificate IV in Defence Financial Administration Qualification