Unit of competency Outline

Date retreived
23/07/2026 10:36 PM AWST

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Perform financial calculations

Perform financial calculations

Unit of competency
National Code
FNSACC323
State Code
OEC99
TGA Status
Current
DTWD Status
Approved
Current Release Number
1.00
Current Release Date
15/06/2022
View on TGA
State Implementation and Classification
Approved Date
07/12/2022
Field of Education
080101 - Accounting
Original Release Date
07/12/2022
Nominal Hours
30
Description
This unit describes the skills and knowledge required to use a range of routine calculation methods and techniques when performing routine financial calculations and checking calculation outcomes.The unit applies to individuals who use literacy, numeracy and digital literacy skills to perform routine computational tasks as part of their operational job role.No licensing, legislative or certification requirements apply to this unit at the time of publication.
Notes
Elements and Performance Criteria
1. Obtain data and resources for financial calculations
  • 1.1 Obtain input data and verify as required for workplace calculations
  • 1.2 Determine required outcomes of calculations from task specifications
  • 1.3 Identify and acquire resources and equipment needed to perform calculations
  • 1.4 Use simple spreadsheets where necessary to perform repeated calculations
2. Select suitable calculation methods and carry out financial calculations
  • 2.1 Select method and equipment suitable for required calculations
  • 2.2 Perform financial calculations and complete work requirements using techniques suited to selected method
3. Check calculations and record outcomes
  • 3.1 Check results and confirm that calculations are accurate and meet required outcomes, and identify and correct computational errors
  • 3.2 Record calculation results according to organisational requirements
  • 3.3 Store calculation worksheets for future use according to organisational policies and procedures
No information
No information
Replaces
State Code National Code Title Type
BBI01 FNSACC313 Perform financial calculations Unit of competency