Unit of competency Outline

Date retreived
22/07/2026 3:08 PM AWST

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Maintain main bank account

Maintain main bank account

Unit of competency
National Code
FNSRTS309
State Code
AUT05
TGA Status
Current
DTWD Status
Approved
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
081101 - Banking And Finance
Original Release Date
16/09/2015
Nominal Hours
20
Description
This unit describes the skills and knowledge required to analyse, verify and process credit and debit transactions, and prepare reconciliation reports.It applies to individuals who, within their limit of responsibility, use numeracy skills to accurately perform and check financial calculations and closely follow organisational procedures.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Perform analysis of transactions
  • 1.1 Reconcile teller bankings to daily amounts recorded in statements, in accordance with organisational policy and procedures, and relevant legislative and compliance requirements
  • 1.2 Identify and action presented cheques, other credit and other debits according to organisational policy and procedures, and charge general ledger entries appropriately
  • 1.3 Rectify errors and discrepancies in timely manner, and action and follow up as appropriate all entries on daily bank statements
2. Analyse corporate cheques outstanding
  • 2.1 Generate exceptions reports, and identify, investigate and action exceptions in timely manner
  • 2.2 Identify and action stale cheques according to organisational policy and procedures
3. Complete reconciliations
  • 3.1 Complete reconciliation in accurate and timely manner, with any imbalances identified and rectified
  • 3.2 Undertake appropriate liaison with customers and bank personnel as necessary
No information
No information
Replaces
State Code National Code Title Type
D4161 FNSRTS309A Maintain main bank account Unit of competency