Course Title: Maintain financial records

Part A: Course Overview

Course ID: 036505

Program: C5178

Course Title: Maintain financial records

Portfolio: BUS

Nominal Hours: 60.0

Regardless of the mode of delivery, represent a guide to the relative teaching time and student effort required to successfully achieve a particular competency/module. This may include not only scheduled classes or workplace visits but also the amount of effort required to undertake, evaluate and complete all assessment requirements, including any non-classroom activities.

Course Code




Learning Mode

Teaching Period(s)


Learning Networks


650T TAFE Business

Face-to-Face or Workplace


City Campus


650T TAFE Business


Course Contact: Laurine Symington

Course Contact Phone: +61 3

Course Contact Email:

Course Description

This unit covers the maintenance of financial records for a business. It includes activities such as the maintenance of daily financial records, including reconciling debtors’ and creditors’ systems and preparing a maintaining a general ledger and preparing a trial balance. It also includes activities associated with the monitoring of cash control for accounting purposes.

Pre-requisite Courses and Assumed Knowledge and Capabilities

This Unit of Competency is taught in conjunction with:
FNSICACC304A Prepare and bank receipts [ACCT5197C]
FSNICACC306A Process journal entries [ACCT5198C]

National Competency Codes and Titles


Maintain financial records


Maintain daily financial records

Maintain general ledger

Monitor cash control

Learning Outcomes

Please refer to Elements of Competency.

Overview of Assessment

This unit is co-assessed with FNSICACC304A Prepare and bank receipts [ACCT5197C] and FSNICACC306A Process journal entries [ACCT5198C].
The assessment for this cluster is a series of tests and a folio of evidence. The “folio of evidence” is a collection of exercises which may have been completed during the classes and then submitted to support the grade of competent. The tests will then be used to allocate a number grade which is only available after the folio has been deemed competent. It is through the results of the tests that students will receive an indication of their progress.