Unit of competency Outline

Date retreived
23/07/2026 8:50 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.

Prepare project acquittal

Prepare project acquittal

Unit of competency
National Code
AHCCCF401
State Code
BAN62
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
27/06/2016
View on TGA
State Implementation and Classification
Approved Date
12/01/2017
Field of Education
080101 - Accounting
Original Release Date
12/01/2017
Nominal Hours
50
Description
This unit of competency describes the skills and knowledge required to review project documentation and prepare an acquittal statement for approval and auditing.It applies to community program managers who have to prepare project acquittal statements. This includes taking responsibility for own work and providing and communicating solutions to a range of predictable and sometimes unpredictable problems.No occupational licensing, legislative or certification requirements are known to apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish acquittal records
  • 1.1 Review program or project plans, guidelines or contracts and financial reporting requirements
  • 1.2 Collect financial information for acquittal report
  • 1.3 Establish records of materials, equipment and labour provided before start of project for acquittal report
2. Identify transactions and reports relating to project
  • 2.1 Identify project-related accounting transactions and reports in group accounts for use in acquittal
  • 2.2 Determine need for separate statements based on different funding sources
  • 2.3 Estimate financial values of in-kind donations of materials, loan of equipment and labour
3. Prepare acquittal in required format
  • 3.1 Prepare acquittal from accounting and other information to program and contract requirements
  • 3.2 Report program funds and expenditure on operations separately from group contributions to project
  • 3.3 Report group contributions to project to contract requirements
  • 3.4 Consolidate report for approval and auditing
4. Arrange audit of acquittal and transaction
  • 4.1 Arrange audit of report to program and contract requirements
  • 4.2 Arrange approval of report to group, program and contract requirements
No information
No information
Replaces
State Code National Code Title Type
D6766 AHCCCF401A Prepare project acquittal Unit of competency
Replaced By
State Code National Code Title Type
OFB26 AHCBUS403 Prepare project acquittal Unit of competency