Unit of competency Outline

Date retreived
22/07/2026 1:52 AM AWST

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Apply public sector financial policies and processes

Apply public sector financial policies and processes

Unit of competency
National Code
PSPGEN077
State Code
AWV28
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
07/03/2016
View on TGA
State Implementation and Classification
Approved Date
21/07/2016
Field of Education
080101 - Accounting
Original Release Date
21/07/2016
Nominal Hours
40
Description
This unit describes the skills required to have detailed knowledge of the public sector financial framework, a working knowledge of external requirements and the application of these to work in a specialist finance role in the public sector. It includes identifying and implementing public sector requirements for financial services.This unit applies to those working in the public sector with specialist knowledge of public sector financial framework and its applications.The skills and knowledge described in this unit must be applied within the legislative, regulatory and policy environment in which they are carried out. Organisational policies and procedures must be consulted and adhered to.Those undertaking this unit would work autonomously with some supervision of others, performing complex tasks in a familiar context.No licensing, legislative or certification requirements apply to unit at the time of publication.
Notes
Elements and Performance Criteria
1. Identify public sector requirements for financial management
  • 1.1 Identify the elements of the public sector financial management compliance framework as these relate to the organisation and confirm requirements regarding the application of them.
  • 1.2 Identify delegation requirements relating to work functions throughout the organisation.
  • 1.3 Identify and clarify internal financial control principles and operational mechanisms within the organisation with senior finance staff.
  • 1.4 Locate public sector financial policies and procedures relating to the work role and the organisation and identify the requirements of them.
2. Implement public sector financial management requirements
  • 2.1 Provide financial services.
  • 2.2 Provide advice, within the limits of responsibility, regarding public sector financial policies and procedures and accounting standards.
  • 2.3 Develop and review organisational procedures to reflect the requirements of public sector financial policy, guidelines and procedures.
  • 2.4 Differentiate levels of delegation, assess work situations and explain and implement delegation requirements relating to functions.
  • 2.5 Apply internal control mechanisms within an organisational context.
No information
No information
Replaces
State Code National Code Title Type
C8117 PSPFIN501A Apply public sector financial policies and processes Unit of competency
Replaced By
State Code National Code Title Type
ODW77 PSPGEN109 Apply public sector financial policies and processes Unit of competency
State Code National Code Title Type
AZZ0 PSP50116 Diploma of Government Qualification
AZY6 PSP50616 Diploma of Procurement and Contracting Qualification
BDL3 DEF50117 Diploma of Test and Evaluation Qualification