This unit describes the skills and knowledge required to review corporate governance requirements, implement operating procedures and monitor policy.  It applies to individuals who use specialised knowledge and analytical skills to ensure organisational policy, compliance and quality requirements are met.


Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Implementation Guide Companion Volume or the relevant regulator for specific guidance on requirements.

Unit details

Study level:
Vocational and further education (TAFE)
Unit code:
FNSACC506

Assessment

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: - interpret and comply with corporate governance requirements, organisational policy, and financial delegations and accountabilities; - review corporate governance requirements and implement effective operating procedures, and; - monitor policy and relevant financial legislation. Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.Students will also be expected to demonstrate the following knowledge: - discuss ethical considerations and confidentiality for management and handling of files and records; - identify and explain the key features of financial legislation relating to taxable transactions and reporting requirements; - explain a range of methods of work practices and routines relevant to internal control procedures; - describe the key requirements of organisational policy and procedures relating to: - corporate governance; - financial delegations and accountabilities, and; - identify and explain the key principles of internal control and auditing.

Where to next?

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