Unit of competency Outline
Date retreived
22/07/2026 8:33 AM AWST
22/07/2026 8:33 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.
Develop and implement policies and procedures relevant to bookkeeping activities
Develop and implement policies and procedures relevant to bookkeeping activities
Unit of competency
National Code
FNSBKG401A
FNSBKG401A
State Code
D4069
D4069
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
13/02/2012
Field of Education
080101 - Accounting
Original Release Date
13/02/2012
Nominal Hours
55
Description
This unit describes the performance outcomes, skills and knowledge required to develop, implement and maintain policies and practices to ensure that a quality service is provided in relation to in-house or contracted bookkeeping activities.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body. The Tax Practitioner's Board has set specific educational and experience requirements for registration of BAS agents that must be met.
Notes
Elements and Performance Criteria
1. Develop a professional working relationship with relevant parties
- 1.1. Business needs and expectations of a bookkeeper are clarified through clear communication with relevant parties
- 1.2. Roles and responsibilities of the bookkeeper are determined according to the business needs
- 1.3. Activities that fall outside the role and responsibilities of the bookkeeper are identified and networks of individuals able to carry out activities are identified
- 1.4. Where applicable, the business owner is referred to relevant networks for advice and services
- 1.5. Feedback is sought on the range, type and quality of service to be provided and, where applicable, acted upon
- 1.6. Relevant ethical principles and practices are identified and used in all dealings
- 1.7. A strategy for continuing professional development is set in place and implemented to ensure ongoing professional practices
2. Carry out research to identify compliance requirements and support materials
- 2.1. Research is conducted into legislative, statutory, regulatory and industry requirements for carrying out bookkeeping activities
- 2.2. Access to relevant publications and software tools designed to assist in carrying out bookkeeping activities is obtained
3. Set up and maintain appropriate systems to meet compliance requirements
- 3.1. Systems are developed to support audience needs.
- 3.2. Instructions and guidelines for carrying out relevant daily activities and developed in accordance with compliance requirements
- 3.3. Systems are reviewed and adapted as necessary on a regular basis
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.
Relevant parties may include:
accountant
business owners
managers
tax agent.
Ethical principles and practices may be defined in:
relevant legislation and guidelines such as Tax Practitioner's Board
industry codes of practice.
Legislative, statutory, regulatory and industry requirements may include:
Australian Accounting Standards
Tax Practitioners Board requirements
Business Activity Statement (BAS) requirements
industry body requirements including professional development requirements
insurance requirements, including public liability and professional indemnity
Privacy Act
Taxation Act
Trade Practices Act.
Publications and software tools may include:
Australian Taxation Office (ATO) reports
commercial software packages
industry journals
materials available from industry bodies
software packages available from the ATO.
Systems may include:
flow charts
forms
instructions
policy documents
procedure manuals.
Audience may include:
business owners
self
subcontractors.
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.
Relevant parties may include:
accountant
business owners
managers
tax agent.
Ethical principles and practices may be defined in:
relevant legislation and guidelines such as Tax Practitioner's Board
industry codes of practice.
Legislative, statutory, regulatory and industry requirements may include:
Australian Accounting Standards
Tax Practitioners Board requirements
Business Activity Statement (BAS) requirements
industry body requirements including professional development requirements
insurance requirements, including public liability and professional indemnity
Privacy Act
Taxation Act
Trade Practices Act.
Publications and software tools may include:
Australian Taxation Office (ATO) reports
commercial software packages
industry journals
materials available from industry bodies
software packages available from the ATO.
Systems may include:
flow charts
forms
instructions
policy documents
procedure manuals.
Audience may include:
business owners
self
subcontractors.
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:
establish and maintain relationships with clients
research and identify policy and procedure material
develop systems and guidelines for procedures
comply with legislative requirements.
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
access to an integrated financial software system and data.
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
observing processes and procedures in workplaces or role plays
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
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:
establish and maintain relationships with clients
research and identify policy and procedure material
develop systems and guidelines for procedures
comply with legislative requirements.
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
access to an integrated financial software system and data.
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
observing processes and procedures in workplaces or role plays
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9638 | FNSBKPG401A | Develop and implement policies and practices relevant to bookkeeping activities | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUQ50 | FNSBKG401 | Develop and implement policies and procedures relevant to bookkeeping activities | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| S701 | FNS40210 | Certificate IV in Bookkeeping | Qualification |
| D706 | FNS40211 | Certificate IV in Bookkeeping | Qualification |