Unit of competency Outline

Date retreived
23/07/2026 1:08 PM AWST

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Work effectively in the accounting and bookkeeping industry

Work effectively in the accounting and bookkeeping industry

Unit of competency
National Code
FNSACC408
State Code
BBH88
TGA Status
Replaced
DTWD Status
Replaced
Current Release Number
1.00
Current Release Date
13/02/2018
View on TGA
State Implementation and Classification
Approved Date
09/05/2018
Field of Education
080101 - Accounting
Original Release Date
09/05/2018
Nominal Hours
55
Description
This unit describes the skills and knowledge required to work autonomously and in teams to complete work activities relating to the provision of accounting and bookkeeping services.It applies to individuals who occupy roles with some responsibility and use a range of research and organisational techniques to establish and carry out their work requirements in the accounting industry.Work functions in the occupational areas where this unit may be used are subject to regulatory requirements. Refer to the FNS Financial Services Training Package Companion Volume Implementation Guide or the relevant regulator for specific guidance on regulatory requirements.
Notes
Elements and Performance Criteria
1. Develop professional working relationships
  • 1.1 Clarify business needs and expectations of work to be done through clear communication with key stakeholders
  • 1.2 Determine roles and responsibilities of various members of the accounting and tax profession according to business needs
  • 1.3 Identify activities that fall outside own role and responsibilities, and identify networks of individuals able to carry out those activities
  • 1.4 Refer business owner to networks for advice and services where applicable
  • 1.5 Request feedback on range, type and quality of service to be provided and act on feedback, where applicable
  • 1.6 Identify and use ethical principles and practices in own role and responsibilities
2. Identify compliance requirements and support materials
  • 2.1 Obtain access to publications and software tools designed to assist in carrying out own work activities
  • 2.2 Research legislative, statutory, regulatory and industry requirements for carrying out own work activities
3. Set up and maintain systems to meet compliance requirements
  • 3.1 Develop systems to support user needs
  • 3.2 Develop instructions and guidelines for carrying out daily activities according to compliance requirements
  • 3.3 Review and adapt systems as necessary on a regular basis
4. Work autonomously or in a team to complete work activities
  • 4.1 Determine tasks to be done and identify required conditions to work autonomously or in team environment
  • 4.2 Plan work to manage resources, time and priorities
  • 4.3 Provide feedback to team members to encourage, value and reward individual and team efforts, and contributions
  • 4.4 Support team to identify and resolve problems that impede its performance
  • 4.5 Adapt to changes in technology and work organisation in a timely manner
5. Develop and maintain own competency
  • 5.1 Identify and review own professional development needs and goals on regular basis
  • 5.2 Clarify and comply with competency, authorisation and licensing requirements
  • 5.3 Seek professional development opportunities that reflect own needs and goals in agreed timeframe
No information
No information
Replaces
State Code National Code Title Type
AUQ50 FNSBKG401 Develop and implement policies and procedures relevant to bookkeeping activities Unit of competency
Replaced By
State Code National Code Title Type
OEC82 FNSACC418 Work effectively in the accounting and bookkeeping industry Unit of competency