Unit of competency Outline

Date retreived
22/07/2026 11:12 PM AWST

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Prepare project acquittal

Prepare project acquittal

Unit of competency
National Code
AHCBUS403
State Code
OFB26
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
24/01/2023
View on TGA
State Implementation and Classification
Approved Date
09/06/2023
Field of Education
080101 - Accounting
Original Release Date
09/06/2023
Nominal Hours
70
Description
This unit of competency describes the skills and knowledge required to review project documentation, establish acquittal records, identify transactions and reports, and prepare an acquittal statement for auditing and approval.The unit applies to individuals who apply specialist skills and knowledge to prepare project acquittal. This includes applying and communicating non-routine technical solutions to predictable and unpredictable problems.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Establish acquittal records
  • 1.1 Access and review program or project plans, guidelines or contracts and financial reporting requirements
  • 1.2 Collect financial information for acquittal report
  • 1.3 Establish records of materials, equipment and labour provided before start of project for acquittal report
2. Identify transactions and reports relating to project
  • 2.1 Identify project-related accounting transactions and reports in group accounts for use in acquittal
  • 2.2 Determine need for separate statements based on different funding sources
  • 2.3 Estimate financial values of in-kind donations of materials, loan of equipment and labour
3. Prepare acquittal in required format
  • 3.1 Prepare acquittal from accounting and other information according to program and contract requirements
  • 3.2 Report program funds and expenditure on operations separately from group contributions to project
  • 3.3 Report group contributions to project according to contract requirements
  • 3.4 Consolidate report for approval and auditing
4. Arrange audit and approval of acquittal and transactions
  • 4.1 Arrange audit of acquittal report and transactions according to program and contract requirements
  • 4.2 Arrange approval of report according to group, program and contract requirements
No information
No information
Replaces
State Code National Code Title Type
BAN62 AHCCCF401 Prepare project acquittal Unit of competency