FNSACC313 - Perform financial calculations

Unit code: FNSACC313 | Study level: TAFE

Credit points

N/A

Location

City King St

Footscray Nicholson

St Albans

Sunshine

Werribee

Prerequisites

N/A

Overview

This unit describes the skills and knowledge required to use a range of routine calculation methods and techniques when performing routine financial calculations and checking calculation outcomes. It applies to individuals who use literacy and numeracy skills to perform routine computational tasks as part of their operational job role.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce and extend knowledge and skill competence within set and controlled parameters in accordance with each unit’s learning outcomes and performance criteria requirements, including the setting of work based practical application tasks designed to provide evidence of competence outcomes, within periodic and scheduled timelines.

Students will be expected to demonstrate the following required skills:

apply mathematical techniques and methods of calculation;
effectively use office equipment and software to enter data and complete calculations;
check for accuracy of computational results and correct errors where required, and;
record calculation worksheets for future reference and use.

Students will also be expected to demonstrate the following knowledge:

Industry-standard techniques and methods to perform routine calculations;
typical computational errors and ways to check for them, and;
key features of equipment and software required to conduct routine financial calculations.

Required reading

The qualified trainer and assessor will provide teaching and learning materials as required in the form of workbooks produced by the Polytechnic and/or via the Polytechnic e-learning system.