BSBFIA303 - Process accounts payable and receivable

    Unit code: BSBFIA303 | Study level: TAFE
    Footscray Nicholson


    This unit describes skills and knowledge required to maintain accounts payable and accounts receivable records, including processing payments to creditors and handling overdue accounts receivable. It applies to individuals employed in a range of work environments supporting the accounting functions and aspects of an enterprise. They may provide administrative support within an enterprise, or may be members of staff who have been delegated accounting responsibilities.


    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 into journal and subsidiary ledger system;
    • maintain journals and subsidiary ledger systems;
    • reconcile subsidiary ledger system with journal or general ledger data, and;
    • complete all tasks in accordance with legal and organisational responsibilities, within scope of own responsibility.

    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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