Unit of competency Outline

Date retreived
22/07/2026 3:00 PM 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.

Price financial transactions

Price financial transactions

Unit of competency
National Code
FNSFMK601
State Code
AUR28
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
60
Description
This unit describes the skills and knowledge required to compile and analyse financial information and data to determine the price of financial products and record financial transactions.It applies to individuals who use specialised financial knowledge, systematic approaches and analytical skills to meet requirements. 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 and analyse financial information and data
  • 1.1 Identify sources of financial data relating to financial products and financial markets for analysis purposes and collect according to organisational practices
  • 1.2 Analyse financial data using standard financial market investment concepts to evaluate current market position and review this data against selected financial products
2. Calculate transaction price
  • 2.1 Formulate financial transaction price using standard organisational practices and taking into account a range of organisational price impacts
  • 2.2 Review price calculated against client requirements and adjust as required
  • 2.3 Advise client of financial transaction price in accordance with organisational guidelines
3. Record financial transaction
  • 3.1 Confirm client acceptance of financial transaction price according to organisation requirements and complete relevant transaction documentation as necessary
  • 3.2 Enter all transaction details into organisation’s dealing systems
  • 3.3 Report details of transaction to authorised trade repository where required by regulation
No information
No information
Replaces
State Code National Code Title Type
D4134 FNSFMK601A Price financial transactions Unit of competency
Replaced By
State Code National Code Title Type
OBR51 FNSFMK611 Price financial transactions Unit of competency