Unit of competency Outline

Date retreived
23/07/2026 1:07 AM AWST

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Maintain a general ledger

Maintain a general ledger

Unit of competency
National Code
BSBFIA304
State Code
AUH82
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
15/09/2015
Field of Education
080901 - Secretarial And Clerical Studies
Original Release Date
15/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to maintain a computerised or manual general ledger system within an organisation, including processing journal entries and preparing a trial balance.It applies to individuals employed in a range of work environments with responsibility for simple accounting functions within an organisation. They may work as individuals providing administrative support within an enterprise, or may be other members of staff with delegated responsibilities relating to general ledger maintenance.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1 Process journal entries
  • 1.1 Prepare general journal entries from source journals in accordance with accounting requirements, organisational policy, procedures and legislative accounting standards
  • 1.2 Post journal entries into general ledger system in accordance with organisational policy, procedures and accounting standards
  • 1.3 Reconcile accounts payable and accounts receivable subsidiary ledger systems with general ledger
  • 1.4 Ensure processing maintains the accounting equation and is completed within designated timelines
2 Prepare a trial balance
  • 2.1 Prepare trial balance of general ledger system in accordance with organisational requirements and accounting standards, and ensure it is checked for accuracy
  • 2.2 Identify and rectify irregularities or refer them for resolution when trial balance does not balance, in accordance with organisational policy and procedures
No information
No information
Replaces
State Code National Code Title Type
D0704 BSBFIA304A Maintain a general ledger Unit of competency
Replaced By
State Code National Code Title Type
OCF95 BSBFIN302 Maintain financial records Unit of competency