Unit of competency Outline
Date retreived
23/07/2026 11:38 AM AWST
23/07/2026 11:38 AM AWST
Whilst all efforts are made to provide accurate and timely information from the relevant source/documentation, please be aware that the information supplied may not be the most current version. The accuracy of the detail has not been confirmed by the Department and therefore should not be relied upon without first confirming the contents.
Implement reconstruction plan
Implement reconstruction plan
Unit of competency
National Code
FNSACC612A
FNSACC612A
State Code
D4057
D4057
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
14/02/2012
Field of Education
080101 - Accounting
Original Release Date
14/02/2012
Nominal Hours
80
Description
This unit describes the performance outcomes, skills and knowledge required to manage plans for the reestablishment of business operations by establishing timelines and objectives, monitoring progress and planning for disaster.This unit may apply to job roles subject to licensing, legislative, regulatory or certification requirements so Commonwealth, State or Territory requirements should be confirmed with the relevant body.
Notes
Elements and Performance Criteria
1. Evaluate options for reconstruction
- 1.1. Assets and liabilities to be included in the reconstruction plan are identified, located and secured
- 1.2. The organisation's comparative market position is analysed to identify advantages and disadvantages of operations
- 1.3. Sources of financing are tax efficient and ensure that optimal balances are achieved between minimising costs of servicing, financing and maintaining liquidity
- 1.4. Short-term and long-term financial obligations for the organisation are established and assessed against client objectives and expectations
- 1.5. Reconstruction milestones are established in consultation with stakeholders to identify significant deviations from expected returns
2. Establish timelines and objectives
- 2.1. Operational liaison and reporting responsibilities are allocated to appropriate personnel to ensure completion of tasks
- 2.2. Implementation schedules are developed with defined target dates and communicated and agreed with stakeholders
- 2.3. Performance indicators for the completion of projects are developed, modified and agreed in planning the process
3. Monitor progress
- 3.1. Operational data relevant to the reconstruction plan is identified, acquired and validated
- 3.2. Day to day administration of the program is supported by liaison and regular reporting
- 3.3. Delays and bottlenecks in implementation are assessed and solutions developed and negotiated
- 3.4. Results of progress are analysed and documented in accordance with the plan
4. Plan for disaster
- 4.1. Triggers for implementation arrangements are agreed with stakeholders and are communicated to relevant personnel
- 4.2. Contingency plans are established in line with operational performance indicators and documented
RANGE STATEMENT
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Assets and liabilities may include:
cash accounts
loans, leases and debts
personnel
plant and equipment
property investments
shares, bonds and securities.
Advantages and disadvantages may include:
falling market reputation
industrial unrest
lack of financing
product quality
removal of restrictive practices.
Sources of financing may include:
'plough back'
asset sales
bank borrowing:
long-term
short-term
franchising
government equity injections
money market
new share releases
venture capital.
Short and long-term financial obligations may include:
debt retirement
dividends
periodic payments on:
leases
loans
other
salaries
superannuation
taxation payments.
Client objectives may include:
administrative efficiency
asset development
financial consolidation
higher levels of investment returns
improved cash flows
reduction in tax liabilities.
Milestones may include:
compliance with scheduled payment dates
debt reduction targets
profits and losses
reports:
quarterly
half-yearly
annually.
Stakeholders may include:
clients
employees
financial institutions
managers and company officers such as:
company directors
boards of management
suppliers.
Reporting responsibilities may include:
administrator reports
availability of credit
commercial viabilities
compliance requirements
valuations.
Implementation schedules may include:
budgeting periods
consultation schedules
evaluation of commercial viability
liquidation dates
repayment schedules.
Operational data may include:
interest payments
salaries
sales
taxation liabilities such as:
sales tax
State government charges
other.
Delays may include:
court orders
creditor default
identification of ownership
industrial action
taxation assessments.
Triggers may include:
court action
falling revenues
industrial unrest
non-payment of debts
withdrawal of financing.
The range statement relates to the unit of competency as a whole. It allows for different work environments and situations that may affect performance. Bold italicised wording, if used in the performance criteria, is detailed below. Essential operating conditions that may be present with training and assessment (depending on the work situation, needs of the candidate, accessibility of the item, and local industry and regional contexts) may also be included.
Assets and liabilities may include:
cash accounts
loans, leases and debts
personnel
plant and equipment
property investments
shares, bonds and securities.
Advantages and disadvantages may include:
falling market reputation
industrial unrest
lack of financing
product quality
removal of restrictive practices.
Sources of financing may include:
'plough back'
asset sales
bank borrowing:
long-term
short-term
franchising
government equity injections
money market
new share releases
venture capital.
Short and long-term financial obligations may include:
debt retirement
dividends
periodic payments on:
leases
loans
other
salaries
superannuation
taxation payments.
Client objectives may include:
administrative efficiency
asset development
financial consolidation
higher levels of investment returns
improved cash flows
reduction in tax liabilities.
Milestones may include:
compliance with scheduled payment dates
debt reduction targets
profits and losses
reports:
quarterly
half-yearly
annually.
Stakeholders may include:
clients
employees
financial institutions
managers and company officers such as:
company directors
boards of management
suppliers.
Reporting responsibilities may include:
administrator reports
availability of credit
commercial viabilities
compliance requirements
valuations.
Implementation schedules may include:
budgeting periods
consultation schedules
evaluation of commercial viability
liquidation dates
repayment schedules.
Operational data may include:
interest payments
salaries
sales
taxation liabilities such as:
sales tax
State government charges
other.
Delays may include:
court orders
creditor default
identification of ownership
industrial action
taxation assessments.
Triggers may include:
court action
falling revenues
industrial unrest
non-payment of debts
withdrawal of financing.
EVIDENCE GUIDE
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
access and comply with relevant legislation
apply knowledge of assets and liability classification to evaluate options for reconstruction
establish reconstruction timelines and objectives and monitor progress
plan for disaster.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to an integrated financial software system and data.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
The Evidence Guide provides advice on assessment and must be read in conjunction with the performance criteria, required skills and knowledge, range statement and the Assessment Guidelines for the Training Package.
Overview of assessment
Critical aspects for assessment and evidence required to demonstrate competency in this unit
Evidence of the ability to:
access and comply with relevant legislation
apply knowledge of assets and liability classification to evaluate options for reconstruction
establish reconstruction timelines and objectives and monitor progress
plan for disaster.
Context of and specific resources for assessment
Assessment must ensure:
competency is demonstrated in the context of the financial services work environment and conditions specified in the range statement either in a relevant workplace or a closely simulated work environment
access to and the use of a range of common office equipment, technology, software and consumables
access to an integrated financial software system and data.
Method of assessment
A range of assessment methods should be used to assess practical skills and knowledge. The following examples, in combination, are appropriate for this unit:
evaluating an integrated activity which combines the elements of competency for the unit or a cluster of related units of competency
verbal or written questioning on underpinning knowledge and skills
setting and reviewing workplace projects and business simulations or scenarios
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9619 | FNSACCT612B | Implement reconstruction plan | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUQ25 | FNSACC612 | Implement reconstruction plan | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| S735 | FNS60210 | Advanced Diploma of Accounting | Qualification |