Unit of competency Outline

Date retreived
22/07/2026 9:06 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.

Evaluate and authorise payment requests

Evaluate and authorise payment requests

Unit of competency
National Code
FNSACM401
State Code
AUQ26
TGA Status
Replaced
DTWD Status
Transition (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
10
Description
This unit describes the skills and knowledge required to verify the validity and accuracy of payment requests, prepare payment documentation and authorise payments.It applies to individuals who may work under limited supervision and hold responsibility in ensuring that controls are adhered to when processing financial transactions. No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Verify validity and accuracy of payment request
  • 1.1 Match payment requests with order or other supporting information to ensure validity of payment and comply with internal control requirements
  • 1.2 Check supporting documentation to ensure it is correct and complete, confirm authorisation of request and follow up any discrepancies without delay
  • 1.3 Obtain confirmation of goods or services supply where required to validate request for payment
2. Prepare payment documentation
  • 2.1 Match payments with invoice or other relevant documentation, and code and allocate payments to correct accounts
  • 2.2 Complete documentation in accordance with organisational policy and procedures
3. Authorise payment
  • 3.1 Check all payments are authorised accurately and according to organisational policy and procedures
  • 3.2 Ensure funds are not released prior to authorisation of payment in accordance with organisational procedures
  • 3.3 Confirm authorisation of payment from delegated authority following relevant organisational policy and procedures, and industry and legislative requirements
No information
No information
Replaces
State Code National Code Title Type
D4029 FNSACM401A Evaluate and authorise payment requests Unit of competency
Replaced By
State Code National Code Title Type
OCZ75 FNSACM411 Authorise valid expense payments Unit of competency