Unit of competency Outline

Date retreived
21/07/2026 11:50 PM AWST

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Administer fixed asset register

Administer fixed asset register

Unit of competency
National Code
FNSORG301
State Code
AUS28
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
25/03/2015
View on TGA
State Implementation and Classification
Approved Date
16/09/2015
Field of Education
080101 - Accounting
Original Release Date
16/09/2015
Nominal Hours
40
Description
This unit describes the skills and knowledge required to maintain a register of capital expenditure items.It applies to individuals who operate under some supervision in asset control roles in organisations of various sizes.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Reconcile asset register to general ledgers
  • 1.1 Record all expenditure items in accordance with organisational policy, procedures and practices
  • 1.2 Identify and action discrepancies according to organisational policy, procedures and practices, and relevant legislation
2. Recognise new assets and asset categories
  • 2.1 Identify new asset categories
  • 2.2 Prepare and process proforma for input of asset details within month of purchase
3. Prepare schedules and ad hoc reports
  • 3.1 Update depreciation expense regularly according to depreciation schedule
  • 3.2 Prepare spreadsheets and reconciliations in accordance with annual tax schedule, with allowance made for permanent differences
  • 3.3 Prepare spreadsheets and ad hoc reports as requested
No information
No information
Replaces
State Code National Code Title Type
D4261 FNSORG301A Administer fixed asset register Unit of competency