Unit of competency Outline
Date retreived
21/07/2026 11:19 PM AWST
21/07/2026 11:19 PM 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.
Administer fixed asset register
Administer fixed asset register
Unit of competency
National Code
FNSORG301A
FNSORG301A
State Code
D4261
D4261
TGA Status
Replaced
Replaced
DTWD Status
Replaced
Replaced
State Implementation and Classification
Approved Date
24/11/2011
Field of Education
080101 - Accounting
Original Release Date
24/11/2011
Nominal Hours
40
Description
This unit describes the performance outcomes, skills and knowledge required to maintenance a register of capital expenditure items.No licensing, legislative, regulatory or certification requirements apply to this unit at the time of endorsement.
Notes
Elements and Performance Criteria
1. Reconcile asset register to general ledgers
- 1.1. All expenditure items are reconciled in accordance with organisation's policies, procedures and practices
- 1.2. Discrepancies are identified and actioned according to organisation policies, procedures and practices and relevant legislation
2. Recognise new assets and asset categories
- 2.1. New asset categories are identified
- 2.2. Pro-forma for input of asset details is prepared and processed within the month of purchase
3. Prepare schedules and ad hoc reports
- 3.1. Depreciation expense is updated regularly according to depreciation schedule
- 3.2. Spreadsheets and reconciliations are prepared in accordance with annual tax schedule, with allowance made for permanent differences
- 3.3. Spreadsheets and ad hoc reports are prepared as requested
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.
Expenditure items may include:
accumulated department expense items
assets at cost.
Organisation policies, procedures and practice may include:
established policies, procedures and practices relating to:
maintenance of capital expenditure items
preparation of reconciliation reports.
Relevant legislation may include:
consumer
Consumer Credit Code
Privacy Act
prudential
Electronic Funds Transfer (EFT) Code of Conduct
Financial Transaction Reports Act
Cheques and Payment Orders Act
Commercial Tenancies Act
Land Tax Assessment Act
Prescribed Payments Act
Payroll Tax Assessment Act
Stamp Duties Act
Taxation Assessment Act
Bills of Exchange Act.
Spreadsheets may include:
those prepared in relation to a range of capital expenditure items such as:
Fringe Benefits Tax (FBT)
salary sacrifice
total purchases and disposals for a period.
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.
Expenditure items may include:
accumulated department expense items
assets at cost.
Organisation policies, procedures and practice may include:
established policies, procedures and practices relating to:
maintenance of capital expenditure items
preparation of reconciliation reports.
Relevant legislation may include:
consumer
Consumer Credit Code
Privacy Act
prudential
Electronic Funds Transfer (EFT) Code of Conduct
Financial Transaction Reports Act
Cheques and Payment Orders Act
Commercial Tenancies Act
Land Tax Assessment Act
Prescribed Payments Act
Payroll Tax Assessment Act
Stamp Duties Act
Taxation Assessment Act
Bills of Exchange Act.
Spreadsheets may include:
those prepared in relation to a range of capital expenditure items such as:
Fringe Benefits Tax (FBT)
salary sacrifice
total purchases and disposals for a period.
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:
accurate lT record transaction details and producing reconciliation reports
apply relevant reconciliation processes and manage depreciation schedules.
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 organisation policies and practices and asset register systems 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
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:
accurate lT record transaction details and producing reconciliation reports
apply relevant reconciliation processes and manage depreciation schedules.
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 organisation policies and practices and asset register systems 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
evaluating samples of work
accessing and validating third party reports.
Guidance information for assessment
Replaces
| State Code | National Code | Title | Type |
|---|---|---|---|
| C9756 | FNSICORG301B | Administer fixed asset register | Unit of competency |
Replaced By
| State Code | National Code | Title | Type |
|---|---|---|---|
| AUS28 | FNSORG301 | Administer fixed asset register | Unit of competency |
| State Code | National Code | Title | Type |
|---|---|---|---|
| D703 | FNS30311 | Certificate III in Accounts Administration | Qualification |