Unit of competency Outline

Date retreived
23/07/2026 3:21 AM AWST

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Implement reconstruction plan

Implement reconstruction plan

Unit of competency
National Code
FNSACC612
State Code
AUQ25
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
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
80
Description
This unit describes the skills and knowledge required to manage plans for the reestablishment of business operations by establishing timelines and objectives, monitoring progress and planning for disaster.It applies to individuals who use specialised knowledge and have well-developed problem-solving and organisational skills to develop options and implement strategies for clients.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. Evaluate options for reconstruction
  • 1.1 Identify, locate and secure assets and liabilities to be included in reconstruction plan
  • 1.2 Analyse organisation’s comparative market position to identify advantages and disadvantages of operations
  • 1.3 Ensure sources of financing are tax efficient and that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity
  • 1.4 Establish and assess short-term and long-term financial obligations for organisation against client objectives and expectations
  • 1.5 Establish reconstruction milestones in consultation with stakeholders to identify significant deviations from expected returns
  • 1.6 Identify relevant legislative and regulatory requirements impacting on insolvency and reconstruction options
2. Establish timelines and objectives
  • 2.1 Allocate operational liaison and reporting responsibilities to appropriate personnel to ensure completion of tasks
  • 2.2 Develop implementation schedules with defined target dates, and communicate and confirm with stakeholders
  • 2.3 Develop, modify and agree on performance indicators for completion of projects in planning process
3. Monitor progress
  • 3.1 Identify, acquire and validate operational data relevant to reconstruction plan
  • 3.2 Support day-to-day administration of program by liaison and regular reporting
  • 3.3 Assess delays and bottlenecks in implementation, and develop and negotiate solutions
  • 3.4 Analyse and document results of progress in accordance with plan
4. Plan for disaster
  • 4.1 Confirm triggers for implementation arrangements with stakeholders and communicate to relevant personnel
  • 4.2 Establish and document contingency plans in line with operational performance indicators
No information
No information
Replaces
State Code National Code Title Type
D4057 FNSACC612A Implement reconstruction plan Unit of competency
State Code National Code Title Type
BDQ1 FNS60217 Advanced Diploma of Accounting Qualification
AWD8 FNS60215 Advanced Diploma of Accounting Qualification
BHW9 FNS60222 Advanced Diploma of Accounting Qualification