BSBFIA304 - Maintain a general ledger

Unit code: BSBFIA304 | Study level: TAFE
N/A
Footscray Nicholson
Industry
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Overview
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Overview

This unit describes the skills and knowledge required to maintain a computerised or manual general ledger system within an organisation, including processing journal entries and preparing a trial balance.  It applies to individuals employed in a range of work environments with responsibility for simple accounting functions within an organisation.  They may work as individuals providing administrative support within an enterprise, or may be other members of staff with delegated responsibilities relating to general ledger maintenance.

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:

  • accurately enter data;
  • reconcile subsidiary ledger systems with general ledger and prepare a trial balance;
  • implement double-entry principles;
  • systematically trace errors or refer them to appropriate people, and;
  • complete all tasks in accordance with accounting principles, legal and organisational responsibilities, and within scope of own responsibility.

Note: If a specific volume or frequency is not stated, then evidence must be provided at least once.

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.

As part of a course

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

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