Unit of competency Outline

Date retreived
22/07/2026 6:18 AM AWST

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Complete debtor processes

Complete debtor processes

Unit of competency
National Code
SIRWFIN001
State Code
AWX37
TGA Status
Deleted
DTWD Status
Deleted
Current Release Number
1.00
Current Release Date
31/03/2016
View on TGA
State Implementation and Classification
Approved Date
13/09/2016
Field of Education
080101 - Accounting
Original Release Date
13/09/2016
Nominal Hours
35
Description
This unit describes the performance outcomes, skills and knowledge required to use business technology, systems and reporting mechanisms to confirm customer trading information, complete debt processing, and implement debt recovery processes. It applies to individuals involved in routine financial administration in wholesale businesses. They operate with independence and under limited supervision and guidance from others, and within established organisational policies and procedures. No occupational licensing, certification or specific legislative requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Confirm trading terms and process payments.
  • 1.1.Source and confirm trading terms for purchasers of products or services based on organisational or other records.
  • 1.2.Review trading history of purchaser of products or services.
  • 1.3.Process routine direct purchases payments according to organisational procedures.
  • 1.4.Inform customers of payment requirements using clear and direct communication and verify authority to purchase.
2. Establish customer debt and credit levels.
  • 2.1.Determine individual and business customer credit levels, or refer to relevant personnel.
  • 2.2.Identify individual and business customer bad debts using business technology or records.
  • 2.3.Confirm credit level of customers purchasing specific products or services.
  • 2.4.Maintain updated credit status of account customers in organisational database.
  • 2.5.Determine acceptable debt levels for individual and business customers and report variances to relevant personnel.
3. Implement debt recovery processes.
  • 3.1.Confirm debt payment terms for businesses purchasing products or services.
  • 3.2.Confirm payment terms for individual debtors.
  • 3.3.Confirm debt repayments procedures.
  • 3.4.Process debtors, including debt recovery processes, within set timeframes.
No information
No information
Replaces
State Code National Code Title Type
S6098 SIRWFIN001A Complete debtor processes Unit of competency
State Code National Code Title Type
BAA9 SIR30316 Certificate III in Business to Business Sales Qualification