FNSACC426 - Set up and operate computerised accounting systems

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Unit code: FNSACC426 | Study level: TAFE
Credit points
N/A
Location
City Campus
Footscray Nicholson
Werribee
Prerequisites
N/A
Overview
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Overview

This unit describes the skills and knowledge required to establish, operate, and modify an integrated computerised accounting system. This involves processing transactions in the system, maintaining the system, producing reports, and ensuring system integrity.
The unit applies to individuals who, within the scope of own responsibility, use specialised knowledge, information technology, and planning and organising skills to establish and maintain an organisational system in service and trading environments.

Assessment

For Melbourne campuses

Assessment tasks will be designed to reinforce & extend knowledge and skill competence within set & controlled parameters in accordance with each units learning outcomes & 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:

  • set up and operate at least one computerised accounting system, ensuring the integrity of the data.
    In the course of the above, the candidate must:
  • set up the chart of accounts for one organisation by modifying an established integrated financial software system
  • process at least three of the following transactions in the integrated system:
  • BPAY
  • credit card payments
  • direct debit
  • invoices
  • petty cash
  • balance day adjustments
  • generate each of the following reports in the integrated system over at least two reporting periods:
  • goods and services tax (GST) accrual report
  • reconciliation of subsidiary accounts, including customers, suppliers and inventory
  • bank reconciliation report
  • financial performance
  • financial position.

Students will also be expected to demonstrate the following knowledge:

  • key features of computerised accounting systems
  • methods to establish and maintain computerised accounting systems
  • methods for processing the following transactions in an integrated accounting system, including:
  • BPAY
  • credit card payments
  • direct debit
  • invoices
  • petty cash
  • balance day adjustments
  • features and functions of common reports relevant to operating accounting systems
  • organisational policies and procedures relating to setting up and operating a computerised accounting system
  • financial services industry legislation relating to information privacy when using computerised accounting systems
  • methods to substantiate financial transactions and record retention requirements for audit and substantiation purposes.

Required reading

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

As part of a course

This unit is studied as part of the following course(s):

Accounting Principles Skill Set
FNSSS00014 | Non-award course | Duration: 20 weeks
Certificate IV in Accounting and Bookkeeping
FNS40222 | Certificate iv | Duration:

Refer to the course page for information on how to apply for the course. VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.

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