Required skills

communication skills to

build relationships determine and confirm client requirements using questioning and active listening as required

liaise with others share information listen and understand

use language and concepts appropriate to cultural differences

numeracy and IT skills to

accurately analyse code record and store data in accordance with organisational requirements

access and use appropriate financial management software spreadsheets and databases

use internet information

analysis for accessing interpreting and managing relevant financial data

literacy skills for interpreting documentation and compiling reports

selfmanagement skills for complying with ethical legal and procedural requirements

problem solving skills to identify any issues that have the potential to impact on the bookkeeping process or outcome and to develop options to resolve these issues when they arise or refer to other professionals as appropriate

organisational skills including the ability to plan and sequence work to provide a timely and professional service

teamwork skills to identify activities required with business owners or managers and tax agents

Required knowledge

statutory legislative and regulatory requirements relevant to bookkeeping including future changes in requirements

differences between cash and accrual accounting

relevant industry codes of practice

relevant organisational policies and procedures in regard to processing accounts and transactions

relevant statutory legislative and regulatory requirements specifically with relation to ensuring that all bookkeeping activities undertaken meet requirements related to Activity Statements

manual and computerised accounting systems

The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria required skills and knowledge range statement and the Assessment Guidelines for the Training Package

Overview of assessment

Critical aspects for assessment and evidence required to demonstrate competency in this unit

Evidence of the ability to

establish client files and set up bookkeeping system on a cash basis

thoroughly check invoices receipts payments and balances outstanding

interpret and comply with relevant statutory legislative and regulatory requirements

use bank account and cash reconciliation processes

establish a basic chart of accounts

carry out bank reconciliations

Context of and specific resources for assessment

Assessment must ensure

competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment

access to and the use of a range of common office equipment technology software and consumables

access to an integrated financial software system and real or simulated banking information

Method of assessment

A range of assessment methods should be used to assess practical skills and knowledge The following examples in combination are appropriate for this unit

evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency

observing processes and procedures in workplaces or role plays

verbal or written questioning on underpinning knowledge and skills

setting and reviewing workplace projects and business simulations or scenarios

evaluating samples of work

accessing and validating third party reports

Guidance information for assessment

Nature of the entity may be:

Existing material may include:

Assets include:

Liabilities include:

Equity includes:

Relevant persons includes, but is not limited to:

Discrepancies between monies owed and monies paid may occur as a result of:

Organisational policies and procedures may include:

Expenditure will include: