Cambodian Skills Delivery Model

SEAL National Course Catalogue · MLVT / National Training Board

Sector Frameworks

1,164

Qualifications

15,161

Competency Units

10,938

Elements

41,782

Learning Outcomes

2,822

Assessment Packages

Keep financial records for primary production business

KHU-AGR-0004

Australian Equivalent

AHCAGB406

Elements

Learning Outcomes

This unit of competency describes the skills and knowledge required to keep primary production financial records such as invoices and other related documents, in accordance with workplace requirements, for taxation and auditing purposes. This unit applies to individuals who work under broad direction and take responsibility for their own work. They must use discretion and judgement in the selection and use of available resources. All work must be carried out to comply with workplace procedures, work health and safety legislation and codes. No licensing, legislative or certification requirements are known to apply to this unit at the time of publication.

Elements & Learning Outcomes

E1Undertake farm office procedures

0004.E1.O1Identify the functions to be performed in the rural office

0004.E1.O2Design or redesign a rural office including identifying and assessing appropriate office furniture and equipment

0004.E1.O3Process and sort incoming information

0004.E1.O4Maintain, update and store records in accordance with organisational requirements

0004.E1.O5Use and maintain business equipment and technology in accordance with organisational and work health and safety requirements

E2Establish and maintain financial records

0004.E2.O1Create a manual or computerised record of cash flow and a chart of accounts to record financial the transactions of the business for the enterprise location

0004.E2.O2Check documentation relating to financial transactions for validity

0004.E2.O3Record details of income and expenditure transactions in the cashbook

0004.E2.O4Reconcile financial record balances with bank and creditor statements

0004.E2.O5Use financial balances to complete legislative reporting requirements

0004.E2.O6Prepare cash flow statements on the basis of summarised cashbook entries

E3Reconcile transactions

0004.E3.O1Reconcile transactions with account statement

0004.E3.O2Identify, report and rectify adjustments and errors

0004.E3.O3Process invoices and make electronic payments

E4Prepare invoices for debtors

0004.E4.O1Prepare invoices accurately and, if required, distribute to nominated person for verification before despatch

0004.E4.O2Make adjustments as required following advice from the nominated person

E5Maintain financial records

0004.E5.O1Copy and file invoices and other related documents required for taxation and auditing purposes

0004.E5.O2Implement processes to archive historical documents

0004.E5.O3Implement processes to destroy redundant documents appropriately