Maintain financial records
Unit Information about the BSBFIA301 training material in this resource
This unit describes the skills and knowledge required to maintain daily financial records such as reconciling debtors’ and creditors’ systems, preparing and maintaining a general ledger and trial balance and includes activities associated with monitoring cash control for accounting purposes.
It applies to individuals who are skilled operators and apply a broad range of competencies in various work contexts and may exercise discretion and judgement using appropriate theoretical knowledge of financial records.
Unit mapping information
This unit supersedes BSBFIA301A Maintain financial records
Licensing, legislative, regulatory or certification requirements
No licensing, legislative or certification requirements apply to this unit at the time of publication.
This unit contains foundation skills
Unit sector or competency field
Prerequisite, co-requisite or interdependent assessment of units
Assessment must be conducted in a safe environment where evidence gathered demonstrates consistent performance of typical activities experienced in the financial administration field of work and include access to:
office equipment and resources
computer equipment and relevant software
examples of source documents relating to financial record keeping
case studies and, where possible, real situations
Assessors must satisfy NVR/AQTF assessor requirements.