Unit of competency Outline

Date retreived
23/07/2026 5:17 AM AWST

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Perform financial calculations

Perform financial calculations

Unit of competency
National Code
FNSACC313
State Code
BBI01
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080101 - Accounting
Original Release Date
09/05/2018
Nominal Hours
30
Description
This unit describes the skills and knowledge required to use a range of routine calculation methods and techniques when performing routine financial calculations and checking calculation outcomes.It applies to individuals who use literacy and numeracy skills to perform routine computational tasks as part of their operational job role.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Obtain data and resources for financial calculations
  • 1.1 Obtain input data and verify as required for workplace calculations
  • 1.2 Determine required outcomes of calculations and confirm from task specifications
  • 1.3 Acquire resources and equipment needed to perform calculations effectively
  • 1.4 Use simple spreadsheets where necessary to perform repeated calculations
2. Select suitable calculation methods and carry out financial calculations
  • 2.1 Identify and obtain equipment required to perform calculations, including hand-held calculators
  • 2.2 Select method suitable for required calculations
  • 2.3 Perform financial calculations to complete work requirements using techniques suited to selected method
3. Check calculations and record outcomes
  • 3.1 Check results to confirm that calculations are accurate and meet required outcomes, and identify and correct routine computational errors
  • 3.2 Record calculation results according to organisational requirements
  • 3.3 Store or electronically file calculation worksheets for future use according to organisational policy and procedures
No information
No information
Replaces
State Code National Code Title Type
AUX26 FNSACC303 Perform financial calculations Unit of competency
Replaced By
State Code National Code Title Type
OEC99 FNSACC323 Perform financial calculations Unit of competency