Unit of Competency Mapping – Information for Teachers/Assessors – Information for Learners
BSBFIA303 Mapping and Delivery Guide
Process accounts payable and receivable
Version 1.0
Issue Date: June 2024
Qualification | - |
Unit of Competency | BSBFIA303 - Process accounts payable and receivable |
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Description | |||
Employability Skills | |||
Learning Outcomes and Application | This unit describes skills and knowledge required to maintain accounts payable and accounts receivable records, including processing payments to creditors and handling overdue accounts receivable.It applies to individuals employed in a range of work environments supporting the accounting functions and aspects of an enterprise. They may provide administrative support within an enterprise, or may be members of staff who have been delegated accounting responsibilities.No licensing, legislative or certification requirements apply to this unit at the time of publication. | ||
Duration and Setting | X weeks, nominally xx hours, delivered in a classroom/online/blended learning setting. |
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Prerequisites/co-requisites | |||
Competency Field |
Development and validation strategy and guide for assessors and learners | Student Learning Resources | Handouts Activities |
Slides PPT |
Assessment 1 | Assessment 2 | Assessment 3 | Assessment 4 | |
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Elements of Competency | Performance Criteria | |||||||
Element: Maintain financial journal systems |
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Element: Prepare bank reconciliations |
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Element: Maintain accounts payable and accounts receivable systems |
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Element: Process payments for accounts payable |
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Element: Prepare statements for accounts receivable |
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Element: Follow up outstanding accounts |
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